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Common Stock Repurchases and Retirement
12 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Common Stock Repurchases and Retirement
Common Stock Repurchases and Retirement
Retirement of Treasury Stock
On September 5, 2012, the Company retired 39,631,836 shares of treasury stock. The retired shares had a carrying value of $149.7 million, and the Company reduced additional paid-in capital by $149.7 million upon the formal retirement of the shares. The retired shares are now included in the Company's authorized but unissued shares. 
Common Stock Repurchases
On September 28, 2012, the Company's Board of Directors approved a share repurchase program for a maximum of $75 million which may be purchased over a three year period in the open market or in privately negotiated transactions. All repurchased shares will be retired and included in the Company's authorized but unissued shares. During the year ended June 30, 2013, the Company repurchased 4.1 million shares of common stock at a total cost of $14.5 million. No shares were repurchased during the years ended June 30, 2015 or 2014.