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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Common Stock | Additional Paid-in Capital | Accumulated Other Comprehensive Loss | Accumulated Deficit | Treasury Stock | Total
--- | --- | --- | --- | --- | --- | ---
Balance at Jun. 30, 2015 |  | $ 4 | $ 663,461 | $ (1,065) | $ (50,462) | $ (75,000) | $ 536,938
Balance (in shares) at Jun. 30, 2015 |  | 41,837,894 |  |  |  | (3,502,598) |
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Net income | [1] |  |  |  | 9,035 |  | 9,035
Foreign currency translation adjustment |  |  |  | 772 |  |  | 772
Stock-based compensation expense |  |  | 18,616 |  |  |  | 18,616
Exercise of stock options |  |  | 14 |  |  |  | $ 14
Exercise of stock options (in shares) |  | 1,000 |  |  |  |  | 1,000
Excess tax expense from stock-based compensation |  |  | (4,876) |  |  |  | $ (4,876)
Issuance of restricted stock awards (in shares) |  | 1,704,843 |  |  |  |  |
Forfeiture of restricted stock awards (in shares) |  | (95,980) |  |  |  |  |
Adjustments to redeemable noncontrolling interests to estimated redemption value |  |  | 1,615 |  |  |  | 1,615
Repurchase of restricted stock for tax withholding |  |  | (3,394) |  |  |  | (3,394)
Repurchase of restricted stock for tax withholding (in shares) |  | (263,689) |  |  |  |  |
Balance at Jun. 30, 2016 |  | $ 4 | 675,436 | (293) | (41,427) | $ (75,000) | 558,720
Balance (in shares) at Jun. 30, 2016 |  | 43,184,068 |  |  |  | (3,502,598) |
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Net income | [1] |  |  |  | 451 |  | 451
Foreign currency translation adjustment |  |  |  | 123 |  |  | 123
Stock-based compensation expense |  |  | 22,598 |  |  |  | 22,598
Exercise of stock options |  |  | 6,953 |  |  |  | $ 6,953
Exercise of stock options (in shares) |  | 425,180 |  |  |  |  | 425,180
Excess tax expense from stock-based compensation |  |  | (5,063) |  |  |  | $ (5,063)
Issuance of restricted stock awards (in shares) |  | 1,268,311 |  |  |  |  |
Forfeiture of restricted stock awards (in shares) |  | (175,008) |  |  |  |  |
Adjustments to redeemable noncontrolling interests to estimated redemption value |  |  | (3,245) |  |  |  | (3,245)
Repurchase of restricted stock for tax withholding |  |  | (6,191) |  |  |  | (6,191)
Repurchase of restricted stock for tax withholding (in shares) |  | (376,779) |  |  |  |  |
Balance at Jun. 30, 2017 |  | $ 4 | 690,488 | (170) | (40,976) | $ (75,000) | 574,346
Balance (in shares) at Jun. 30, 2017 |  | 44,325,772 |  |  |  | (3,502,598) |
Increase (Decrease) in Stockholders' Equity |  |  |  |  |  |  |
Adjustment related to new stock-based compensation guidance |  |  | 112 |  | (76) |  | 36
Net income |  |  |  |  | 27,620 |  | 27,620
Foreign currency translation adjustment |  |  |  | (82) |  |  | (82)
Purchase of treasury stock |  |  |  |  |  | $ (27,482) | (27,482)
Purchase of treasury stock (in shares) |  |  |  |  |  | (1,832,145) |
Stock-based compensation expense |  |  | 22,869 |  |  |  | 22,869
Exercise of stock options |  |  | 196 |  |  |  | $ 196
Exercise of stock options (in shares) |  | 14,600 |  |  |  |  | 14,600
Vesting of performance share units, net of tax withholding (in shares) |  | 199,769 |  |  |  |  |
Issuance of restricted stock awards (in shares) |  | 1,210,502 |  |  |  |  |
Forfeiture of restricted stock awards (in shares) |  | (335,150) |  |  |  |  |
Repurchase of restricted stock for tax withholding |  |  | (10,314) |  |  |  | $ (10,314)
Repurchase of restricted stock for tax withholding (in shares) |  | (512,926) |  |  |  |  |
Balance at Jun. 30, 2018 |  | $ 4 | $ 703,351 | $ (252) | $ (13,432) | $ (102,482) | $ 587,189
Balance (in shares) at Jun. 30, 2018 |  | 44,902,567 |  |  |  | (5,334,743) |
[1] | Net income excludes $0.2 million, $0.9 million and $0.5 million for the years ended June 30, 2018, 2017 and 2016, respectively, due to the redeemable noncontrolling interest related to Middlebury Interactive Languages and LearnBop, which is reported outside of permanent equity in the accompanying consolidated balance sheets (See Note 10, “Redeemable Noncontrolling Interest”).

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