Stockholders' Equity

3 Months Ended

Sep. 30, 2013

Stockholders' Equity

Stockholders' Equity

9.  Stockholders’ Equity

Stock Repurchases

On April 23, 2013, our Board of Directors approved a share repurchase program for up to $150 million worth of our common stock. This share repurchase program replaced the prior share repurchase program approved by the Board of Directors on October 24, 2012 for up to $100 million, which had approximately $58.4 million of remaining capacity on April 23, 2013. The program approved on October 24, 2012 had replaced a repurchase program with a value of up to $100 million which had been approved by the Board of Directors on November 1, 2011. 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 869,847 shares of our common stock for $28.9 million during the three months ended September 30, 2013. We repurchased 3,064,151 shares of our common stock for $84.7 million during fiscal 2013. As of September 30, 2013, the remaining dollar value under the stock repurchase program approved on April 23, 2013 was $105.5 million.

Accumulated Other Comprehensive Income

As of September 30, 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $8.7 million and net unrealized gains on available for sale securities of less than $0.1 million. As of June 30, 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $7.3 million and net unrealized losses on available for sale securities of ($0.1) million.