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COMMON STOCK AND TREASURY STOCK | 9 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
COMMON STOCK AND TREASURY STOCK | COMMON STOCK AND TREASURY STOCK Common Stock Repurchases On November 6, 2019, the Company’s Board of Directors approved a $200 million stock repurchase program (the “2019 November Program”). Under the 2019 November Program, the Company is authorized to repurchase up to $200 million of common stock. The 2019 November Program expires on December 31, 2021. During the three months ended September 30, 2020, under the 2019 November Program, the Company repurchased and retired 228,180 shares of common stock at an average price per share of $166.05 for an aggregate amount of $37.9 million. As of September 15, 2020, the Company had no remaining balance available for share repurchase under the 2019 November Program. On May 5, 2020, the Company's Board of Directors approved a $500 million stock repurchase program (the “2020 May Program”). Under the 2020 May Program, the Company may repurchase up to $500 million of its common stock. The 2020 May Program expires on March 31, 2022. During the six months ended December 31, 2020, under the 2020 May Program, the Company repurchased and retired 682,956 shares of common stock at an average price per share of $168.03 for an aggregate amount of $114.8 million. The Company made no repurchases during the three months ended March 31, 2021. Under both programs, for the nine months ended March 31, 2021, the Company repurchased and retired 911,136 shares of common stock at an average price per share of $167.53 for an aggregate amount of $152.6 million. As of March 31, 2021, the Company had $385.2 million available for share repurchases under the 2020 May Program. The following table provides information with respect to the Company’s Share Repurchase programs and the activity under the available share repurchase programs during the nine months ended March 31, 2021 (in millions, except share and per share amounts):
Date of Publicly Announced Program |  | Amount of Publicly Announced Program |  | Total Number of Shares Purchased as Part of Publicly Announced Programs |  | Average Price Paid per Share |  | Total Aggregate Amount Paid |  | Period of Purchases |  | Estimated Remaining Balance Available for Share Repurchases under the Program |  | Expiration date of Program
November 8, 2019 |  | $200 million |  | 228,180 |  | $ | 166.05 |  |  | $ | 37.9 |  |  | August 21, 2020 - September 15, 2020 |  | $ | — |  |  | 12/31/2021
May 8, 2020 |  | $500 million |  | 682,956 |  | $ | 168.03 |  |  | $ | 114.8 |  |  | September 15, 2020 - November 2, 2020 |  | $ | 385.2 |  |  | 3/31/2022

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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