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Debt (Tables) | 6 Months Ended
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Dec. 31, 2016
Debt Disclosure [Abstract] |
Schedule of Debt | The following table summarizes the debt of the Company as of December 31, 2016 and June 30, 2016:
| As of December 31, 2016 |  | As of June 30, 2016
| Amount (In thousands) |  | Effective Interest Rate |  | Amount (In thousands) |  | Effective Interest Rate
Fixed-rate 2.375% Senior notes due on November 1, 2017 | $ | 250,000 |  |  | 2.396 | % |  | $ | 250,000 |  |  | 2.396 | %
Fixed-rate 3.375% Senior notes due on November 1, 2019 | 250,000 |  |  | 3.377 | % |  | 250,000 |  |  | 3.377 | %
Fixed-rate 4.125% Senior notes due on November 1, 2021 | 500,000 |  |  | 4.128 | % |  | 500,000 |  |  | 4.128 | %
Fixed-rate 4.650% Senior notes due on November 1, 2024(1) | 1,250,000 |  |  | 4.682 | % |  | 1,250,000 |  |  | 4.682 | %
Fixed-rate 5.650% Senior notes due on November 1, 2034 | 250,000 |  |  | 5.670 | % |  | 250,000 |  |  | 5.670 | %
Term loans | 496,250 |  |  | 2.000 | % |  | 576,250 |  |  | 1.714 | %
Total debt | 2,996,250 |  |  |  |  | 3,076,250 |  |  |
Unamortized discount | (3,107 | ) |  |  |  | (3,312 | ) |  |
Unamortized debt issuance costs | (13,946 | ) |  |  |  | (15,002 | ) |  |
Total long-term debt | $ | 2,979,197 |  |  |  |  | $ | 3,057,936 |  |  |
Reported as: |  |  |  |  |  |  |
Current portion of long-term debt | $ | 249,958 |  |  |  |  | $ | — |  |  |
Long-term debt | 2,729,239 |  |  |  |  | 3,057,936 |  |  |
Total debt | $ | 2,979,197 |  |  |  |  | $ | 3,057,936 |  |  |
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(1) | The effective interest rate disclosed above for this series of Senior Notes excludes the impact of the treasury rate lock hedge discussed below. The effective interest rate including the impact of the treasury rate lock hedge was 4.626%.
Schedule of Maturities of Term Loans | As of December 31, 2016, future principal payments for the long-term debt are summarized as follows. There are no scheduled payment for the term loans for fiscal years ending 2017 and 2018, since the Company made $178.8 million of principal prepayments as of December 31, 2016.
Fiscal year ending June 30: | Amount (In thousands)
2017 (remaining 6 months) | $ | — |
2018 | 250,000 |
2019 | 30,000 |
2020 | 716,250 |
2021 | — |
Thereafter | 2,000,000 |
Total payments | $ | 2,996,250 |
Future principal payments for the Company’s term loans (without giving effect to $178.8 million of principal prepayments as of December 31, 2016 that shall be applied to the future scheduled quarterly payments) as of December 31, 2016, are as follows:
Fiscal Quarters Ending |  | Quarterly Payment (In thousands)
March 31, 2017 through December 31, 2017 |  | $ | 14,063 |
March 31, 2018 through September 30, 2019 |  | $ | 18,750 |
December 31, 2019 |  | $ | 487,500 |
Schedule of Debt Covenants | In addition, the Company is required to maintain the maximum leverage ratio as described in the Credit Agreement, on a quarterly basis, covering the trailing four consecutive fiscal quarters for the fiscal quarters as described below.
Fiscal Quarters Ending |  | Maximum Leverage Ratio
December 31, 2016 and March 31, 2017 |  | 3.50:1.00
Thereafter |  | 3.00:1.00

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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