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Common Stock
6 Months Ended
Dec. 31, 2012
Common Stock  
Common Stock

8.  Common Stock

 

On October 24, 2012, our Board of Directors approved a share repurchase program for up to $100 million worth of our common stock. This share repurchase program replaced the prior share repurchase program approved by the Board of Directors on November 1, 2011 for up to $100 million, which had approximately $41.8 million of remaining capacity on October 24, 2012. The program approved on November 1, 2011 had replaced a repurchase program with a value of up to $40 million which had been approved by the Board of Directors on October 29, 2010. The timing and amount of any shares repurchased are based on market conditions and other factors.  All share repurchases of our common stock have been recorded as treasury stock under the cost method.

 

We repurchased 1,480,505 shares of our common stock for $36.9 million during the six months ended December 31, 2012. We repurchased 2,496,595 shares of our common stock for $46.1 million during fiscal 2012. As of December 31, 2012, the remaining dollar value under the stock repurchase program approved on October 24, 2012 was $87.7 million.