Preferred and Common Stockholder's Equity (Tables)

6 Months Ended

Dec. 31, 2015

Summary of Common Shares Issued and Outstanding

Common shares issued and outstanding


	Six months ended December 31,
	2015			2014
Common stock issued and outstanding at July 1		68.9			73.5
Common stock issued upon exercise of options and employee stock plans		4.4			1.0
Repurchase and retirement of common stock		(1.7	)		(3.0	)

Common stock issued and outstanding at December 31		71.6			71.5

Reconciliation of Denominators of Basic and Diluted Earnings Per Share Computations

The following is a reconciliation of the denominators of the basic and diluted earnings per share (“EPS”) computations:


	Three months ended December 31,				Six months ended December 31,
	2015		2014		2015		2014
Denominator:
Weighted-average shares outstanding used to compute basic EPS		70.5		72.5		69.6		72.6
Effect of dilutive shares		3.3		2.9		3.5		3.2

Weighted-average shares outstanding and dilutive securities used to compute diluted EPS		73.8		75.4		73.1		75.8

Schedule of Anti-Dilutive Options and Restricted Stock Units Excluded from EPS Computation

These potential dilutive common shares, which may be dilutive to future diluted earnings per share, are as follows:

Three months ended
December 31,

Six months ended
December 31,

2015

2014

2015

2014

Anti-dilutive options and RSU’s excluded from EPS computation

—

0.9

—

Schedule of Stock Repurchases

The shares retired, aggregate common stock and additional paid-in capital reductions, and related charges to accumulated deficit for the repurchases for periods ended December 31, 2015 and 2014 were as follows:


	Three months ended December 31,				Six months ended December 31,
	2015		2014		2015		2014
Shares purchased and retired		0.6		1.7		1.7		3.0
Common stock and additional paid-in-capital reductions	$	5.4	$	14.8		14.9	$	25.0
Charges to retained earnings	$	20.0	$	43.6		48.5	$	79.0