Shareholders' Equity

12 Months Ended

Jun. 30, 2015

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

PREFERRED STOCK

The Company is authorized to issue 1,000 shares of preferred stock with a par value of $0.01 per share.

SHAREHOLDER RIGHTS PLAN

In June 2015, the Company's Board of Directors terminated the Shareholder Rights Plan and the associated rights effective as of June 30, 2015. See the Company's fiscal 2014 Annual Report for further description of the Shareholder Rights Plan.