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BUSINESS EMAIL COMPROMISE FRAUD LOSS
12 Months Ended
Jun. 30, 2017
Unusual or Infrequent Items, or Both [Abstract]  
BUSINESS EMAIL COMPROMISE FRAUD LOSS
BUSINESS EMAIL COMPROMISE FRAUD LOSS
In June 2015, the Company determined that it was the victim of criminal fraud known to law enforcement authorities as business e-mail compromise fraud which involved employee impersonation and fraudulent requests targeting our finance department. The fraud resulted in transfers of funds aggregating $46.7 million held by a Company subsidiary incorporated in Hong Kong to other overseas accounts held by third parties. As of June 30, 2015, the Company recovered $8.1 million. As a result, the Company recorded a charge of $39.1 million in the fourth quarter of fiscal 2015, including additional expenses consisting of professional service fees associated with the fraud loss. In fiscal 2016, the Company recorded a net recovery of $8.3 million, comprised of the $8.6 million recovery less $0.3 million of professional service fees associated with the recovery.

The Company is continuing to pursue the recovery of the remaining $30.0 million and is cooperating with U.S. federal and numerous overseas law enforcement authorities who are actively pursuing a multi-agency criminal investigation. Any additional recoveries are likely remote and therefore cannot be assured.