SHAREHOLDERS' EQUITY:

3 Months Ended

Sep. 30, 2018

Stockholders' Equity Note [Abstract]

SHAREHOLDERS’ EQUITY:

Stock-Based Employee Compensation:

During the three months ended September 30, 2018, the Company granted various equity awards including restricted stock units (RSUs) and performance-based restricted stock units (PSUs).

A summary of equity awards granted is as follows:



		For the Three Months Ended September 30, 2018
Restricted stock units		337,422
Performance-based restricted stock units		730,182

The RSUs granted to employees vest in equal amounts over a three-year period subsequent to the grant date, cliff vest after a three-year period or cliff vest after a five-year period subsequent to the grant date.

The PSUs granted to employees have a three year performance period ending June 30, 2021 linked to the Company's stock price reaching a specified volume weighted average closing price for a 50 day period that ends on June 30, 2021. The PSUs granted to certain executives include an additional two year service period after the performance period. Of the total PSUs granted, 49,084 PSUs have a maximum vesting percentage of 200% based on the level of performance achieved for the respective award, while the remaining PSUs have a maximum vesting percentage of 100%.

Total compensation cost for stock-based payment arrangements totaled $2.3 and $2.0 million for the three months ended September 30, 2018 and 2017, respectively, was recorded within general and administrative expense on the unaudited Condensed Consolidated Statement of Operations.

Additional Paid-In Capital:

The $18.5 million decrease in additional paid-in capital during the three months ended September 30, 2018 was primarily due to $19.3 million of common stock repurchases and $1.5 million of other stock-based compensation activity, primarily shares forfeited for withholdings on vestings, partly offset by $2.3 million of stock-based compensation.

During the three months ended September 30, 2018, the Company repurchased 1.1 million shares for $19.3 million under a previously approved stock repurchase program. At September 30, 2018, $216.0 million remains outstanding under the approved stock repurchase program.