STOCKHOLDERS' EQUITY

9 Months Ended

Mar. 31, 2013

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

7. STOCKHOLDERS’ EQUITY

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. Subsequent to March 31, 2013, the Company entered into an accelerated share repurchase agreement. See Note 11 to the unaudited condensed consolidated financial statements, Subsequent Events.

During the nine months ended March 31, 2013 and 2012, the Company repurchased 2.7 million shares and 2.3 million shares of common stock for $122.6 million and $81.6 million, respectively, under the share repurchase plan. As of March 31, 2013, $94.6 million remained available under the plan for repurchase in future periods.