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Stockholders' Equity
 12 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Preferred Stock
The Company has 5.0 million shares of preferred stock authorized, none of which was issued or outstanding at June 30, 2015 or June 30, 2014.
Treasury Shares
On November 4, 2014 the Board of Directors approved a stock buyback program that replaced the program that had been in place since November 2012. The new program, which expires on December 31, 2016, allows the Company to purchase up to $25.0 million annually, on a calendar year basis, of common stock if sufficient liquidity exists and management believes the shares purchased would be accretive to the Company's stockholders. The cumulative number of shares repurchased cannot exceed 2,653,399, which represents 10% of the shares outstanding on the date the new repurchase program was approved. For the fiscal year ended June 30, 2015, the Company utilized $5.0 million of cash to repurchase 283,772 shares of common stock as part of the stock buyback program.
In addition to the stock buyback program, the Company may repurchase shares of common stock to satisfy the tax withholding obligations upon vesting of an employee’s deferred shares. Matrix repurchased 105,058 and 80,096 shares of common stock during fiscal 2015 and fiscal 2014, respectively, to satisfy these obligations. These shares were returned to the Company’s pool of treasury shares. The Company has 1,447,394 treasury shares as of June 30, 2015 and intends to utilize these treasury shares solely in connection with equity awards under the Company’s stock incentive plans.