Stockholders' Deficit

6 Months Ended

Dec. 31, 2015

Stockholders' Deficit

Stockholders' Deficit

9.  Stockholders’ Deficit

Stock Repurchases

On January 28, 2015, we publicly announced a share repurchase program for up to $450 million worth of our common stock and terminated the previous program that had been approved by the Board of Directors on April 23, 2014. The previous program had an authorized value of up to $200 million and remaining capacity of approximately $25.4 million when terminated. 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.

We repurchased 1,339,499 shares of our common stock for $55.1 million during the three months ended September 30, 2015.  We did not repurchase shares of our common stock during the three months ended December 31, 2015.  We repurchased 7,731,428 shares of our common stock for $298.3 million during fiscal 2015.  As of December 31, 2015, the remaining dollar value under the stock repurchase program approved on January 28, 2015 was $246.3 million.

Accumulated Other Comprehensive Income

As of December 31, 2015, accumulated other comprehensive income was comprised of foreign translation adjustments of $4.3 million and net unrealized losses on available for sale securities of less than $0.1 million. As of December 31, 2014, accumulated other comprehensive income was comprised of foreign translation adjustments of $6.9 million and net unrealized losses on available for sale securities of $0.1 million.

As of June 30, 2015, accumulated other comprehensive income was comprised of foreign translation adjustments of $6.5 million and net unrealized losses on available for sale securities of less than $0.1 million. As of June 2014, accumulated other comprehensive income was comprised of foreign translation adjustments of $9.4 million and net unrealized gains on available for sale securities of less than $0.1 million.