STOCKHOLDERS' EQUITY, OPTIONS, WARRANTS AND RIGHTS

12 Months Ended

Jun. 30, 2012

STOCKHOLDERS' EQUITY, OPTIONS, WARRANTS AND RIGHTS

STOCKHOLDERS' EQUITY, OPTIONS, WARRANTS AND RIGHTS

11.   STOCKHOLDERS' EQUITY, OPTIONS, WARRANTS AND RIGHTS

Warrants

The Company previously issued 100,000 stock purchase warrants in connection with a prior acquisition. The strike price of the warrant was $24.69 with a term of seven years. During the year ended June 30, 2011, 125 stock purchase warrants were exercised and converted into 125 shares of the Company's common stock.

Share Repurchase Plan

The Company's Board of Directors have approved a variety of share repurchase plans under which, subject to price and market conditions, purchases of shares can be made from time to time in the open market or in privately negotiated transactions using available cash.

On April 6, 2011, the Company's Board of Directors increased the authorized capacity under the Company's existing share repurchase plan, previously approved on April 4, 2010, under which, subject to price and market conditions, purchases of shares of common stock could be made from time to time in the open market or in privately negotiated transaction using available cash, to an amount equal to $550 million minus the amount repurchased in the Company's modified Dutch auction tender offer to purchase up to $400 million in value of its common stock launched on April 8, 2011. Shareholders tendered 9,912,993 shares of the Company's common stock at $40.18 per share for an aggregate cost of approximately $398.3 million.

On May 2, 2012, the Company's Board of Directors approved a new $150 million share-repurchase program, which replaced the repurchase program referenced above.

As of June 30, 2012, $90.5 million remained available under the plan for repurchase in future periods.

For the years ended June 30, 2012, 2011 and 2010, the Company made the following purchases under its share purchase plans:

	Year Ended June 30,
	Shares		Average price per share		Amount (in 000s)
For the year ended June 30, 2010		2,297,278	$	39.71	$	91,221
For the year ended June 30, 2011		11,957,208	$	39.65		474,054
For the year ended June 30, 2012		3,860,778	$	40.06		154,645
Total		18,115,264	$	39.74	$	719,920

Special Stock

The Company's Articles of Incorporation authorize the issuance of up to 10,000,000 shares of special stock ("Special Stock"). The Special Stock may be issued from time to time in one or more series, each having such designations, preferences and relative, participating, optional or other special rights, qualifications, limitations or restrictions as shall be stated and expressed in the resolution providing for the issuance of Special Stock or any series thereof adopted by the Board of Directors. Special Stock consists of non-voting stock where no holder of the Special Stock shall be entitled to vote at any meeting of stockholders or otherwise, except as may be specifically provided by law or as approved by the Board of Directors in certain limited circumstances at the time of the stock issuance.

To date, there have been four series of Special Stock authorized for issuance: the Initial Series, the Series B, the Series E and the Series F. In June 1996, the Company issued shares of Series E Special Stock to certain holders of the Company's 7¹/2% Convertible Subordinated Debentures (which were retired in 1996) who elected to receive such stock in lieu of receiving common stock. The holders of shares of Series E Special Stock have no voting rights except as required by law. A total of 115 shares of Series E Special Stock remain outstanding. No other shares of Special Stock remain outstanding.