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Preferred and Common Stockholder's Equity (Tables)
9 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Summary of Common Shares Issued and Outstanding

Common shares issued and outstanding

 

 

 

Nine months ended

 

 

Year ended

 

 

 

March 31,

 

 

June 30,

 

 

 

2018

 

 

2017

 

Common stock issued and outstanding at July 1

 

 

68.4

 

 

 

69.1

 

Common stock issued upon exercise of options and employee

   stock plans

 

 

1.5

 

 

 

0.9

 

Repurchase and retirement of common stock

 

 

 

 

 

(1.6

)

Common stock issued and outstanding at end of period

 

 

69.9

 

 

 

68.4

 

 

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

 

 

Nine months ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding used to compute

   basic EPS

 

 

69.8

 

 

 

68.1

 

 

 

69.2

 

 

 

68.1

 

Effect of dilutive shares

 

 

2.6

 

 

 

0.2

 

 

 

2.5

 

 

 

0.4

 

Weighted-average shares outstanding and dilutive

   securities used to compute diluted EPS

 

 

72.4

 

 

 

68.3

 

 

 

71.7

 

 

 

68.5

 

 

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

 

 

Nine months ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Anti-dilutive options and RSU's excluded from EPS

   computation

 

 

 

 

 

9.2

 

 

 

 

 

 

7.0

 

 

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 March 31, 2018 and 2017 were as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Shares purchased and retired

 

 

 

 

 

 

 

 

 

 

 

1.6

 

Common stock and additional paid-in-capital reductions

 

$

 

 

$

 

 

$

 

 

$

14.5

 

Charges to retained earnings

 

$

 

 

$

 

 

$

 

 

$

17.1