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COMMON STOCK AND TREASURY STOCK
 9 Months Ended
Mar. 31, 2017
Equity [Abstract]  
COMMON STOCK AND TREASURY STOCK
COMMON STOCK AND TREASURY STOCK
As of March 31, 2017 and June 30, 2016, the authorized capital of the Company included 500,000,000 shares of common stock. As of March 31, 2017 and June 30, 2016, there were 80,313,029 and 81,667,129 shares of common stock outstanding, respectively.

Common Stock Repurchases

On May 4, 2016, the Board of Directors of the Company approved a $50 million stock repurchase program. Under the stock repurchase program, the Company was authorized to repurchase up to $50 million of its common stock. During the fourth quarter of fiscal 2016, the Company repurchased 1,309,606 shares of its common stock at an average price per share of $38.18 for an aggregate amount of $50 million. This included unpaid stock repurchases of $6.5 million relating to repurchases executed on or prior to June 30, 2016 for trades that settled in the first quarter of fiscal 2017.

On August 3, 2016, the Board of Directors of the Company approved a $50 million stock repurchase program. Under the stock repurchase program, the Company was authorized to repurchase up to $50 million of its common stock. During the third quarter of fiscal 2017, the Company repurchased 1,014,956 shares of its common stock at an average price per share of $49.26 for an aggregate amount of $50 million.

On March 3, 2017, the Board of Directors of the Company approved a $50 million stock repurchase program. Under the stock repurchase program, the Company may repurchase up to $50 million of its common stock. The program expires on March 31, 2018. During the third quarter of fiscal 2017, the Company repurchased 917,455 shares of its common stock at an average price per share of $50.43 for an aggregate amount of $46.3 million. This included unpaid stock repurchases of $3.0 million relating to repurchases executed on or prior to March 31, 2017 for trades that settled in the fourth quarter of fiscal 2017. As of March 31, 2017, the Company has $3.7 million available under the stock repurchase program.