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Stockholders' Equity
9 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Stockholders' Equity
Note 13. Stockholders' Equity
Repurchase of Common Stock
In September 2016, the Board of Directors increased the Company’s previously authorized stock repurchase program from $100 million to $150 million. Under the revised repurchase authorization, the Company may repurchase up to $150 million of the Company’s common stock from time to time at the discretion of the Company’s management. The Board previously authorized expiration of the share repurchase to be extended to December 31, 2017. In December 2017, the Board authorized a further extension of the Company's stock repurchase program for an additional 3 months to expire on March 31, 2018. In February 2018, the Board of Directors authorized the Company to increase its common stock repurchase program from $150 million to $200 million through open market or private transactions. The $50 million increase in authorized repurchases is in addition to the $150 million repurchase program announced in September 2016. The Board also extended the period during which repurchases can be made till September 30, 2019.

During the three months ended March 31, 2018, the Company repurchased approximately 1.1 million shares of its common stock for $9.9 million. As of March 31, 2018, the Company had remaining authorization of $62.6 million for future share repurchases. The number of shares to be repurchased and the timing of such repurchases will be based on several factors, including business and financial market conditions.

All common shares repurchased under this program have been canceled and retired.