Stockholders' Deficit

9 Months Ended

Mar. 31, 2018

Equity [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Stock Repurchases

On January 22, 2015, our Board of Directors approved a share repurchase program (the "Share Repurchase Program") for up to $450.0 million worth of our common stock. On April 26, 2016 and June 8, 2017, the Board of Directors approved a $400.0 million and $200.0 million increase to the Share Repurchase Program, respectively. The timing and amount of any shares repurchased are based on market conditions and other factors. All shares of our common stock repurchased have been recorded as treasury stock under the cost method.

During the three and nine months ended March 31, 2018, we repurchased 649,479 and 2,244,987 shares, respectively, of our common stock in the open market for $50.0 million and $150.0 million, respectively. As of March 31, 2018, the total remaining value under the Share Repurchase Program was approximately $196.3 million.

Accumulated Other Comprehensive Income

As of March 31, 2018, accumulated other comprehensive income was comprised of foreign currency translation adjustments of $3.9 million. As of June 30, 2017, accumulated other comprehensive income was comprised of foreign currency translation adjustments of $1.5 million and net unrealized gains on available for sale securities of less than $0.1 million.