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COMMON STOCK AND TREASURY STOCK | 6 Months Ended
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Dec. 31, 2013
Common Stock And Treasury Stock [Abstract] |
COMMON STOCK AND TREASURY STOCK | COMMON STOCK AND TREASURY STOCK As of December 31, 2013 and June 30, 2013, the authorized capital of the Company included 500,000,000 shares of common stock. As of December 31, 2013, 131,978,895 shares of common stock were issued and 87,739,935 were outstanding. As of June 30, 2013, 131,452,763 shares of common stock were issued and 87,213,803 were outstanding. Common Stock Repurchases On August 9, 2012, the Company announced that its Board of Directors authorized the Company to repurchase up to $100 million of its common stock. The share repurchase program commenced August 13, 2012 and expired on August 12, 2013. The share repurchase program was funded with proceeds from the Loan Agreement as discussed in Note 7 and from existing cash on hand. Common stock repurchase activity under the share repurchase program was as follows (in thousands, except share and per share amounts):
Period | Total Number of Shares Purchased |  | Average Price Paid per Share |  | Estimated remaining balance available for share repurchase
August 13, 2012 – August 31, 2012 | 2,179,900 |  |  | $ | 8.88 |  |  | $ | 80,599 |
September 1, 2012 – September 30, 2012 | 992,014 |  |  | $ | 11.93 |  |  | $ | 68,742 |
October 1, 2012 - October 31, 2012 | 371,665 |  |  | $ | 11.72 |  |  | $ | 64,377 |
November 1, 2012 - November 30, 2012 | 657,700 |  |  | $ | 11.16 |  |  | $ | 57,024 |
December 1, 2012 - December 31, 2012 | 957,771 |  |  | $ | 11.86 |  |  | $ | 45,646 |
Total | 5,159,050 |  |  | $ | 10.52 |  |  | $ | 45,646 |
The Company did no t repurchase any of its common stock from January 1, 2013 through August 12, 2013, the date that the plan expired. Special Dividend On December 14, 2012, the Company announced that its Board of Directors had authorized a special cash dividend of $0.18 per share for each share of common stock outstanding on December 24, 2012. The aggregate dividend payment of $15.7 million was paid on December 28, 2012 to stockholders of record on December 24, 2012. The dividend payment was funded using proceeds from the Loan Agreement as discussed in Note 7.

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