Stockholders' Equity |
9 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity [Abstract] | |
| Stockholders’ Equity | Stockholders’ Equity Stock Repurchase Program On August 7, 2025, the Company’s Board of Directors authorized a common stock repurchase program of up to $150.0 million, which was announced on August 12, 2025. The Company fully exhausted the authorized repurchase limit under the program in the second quarter of fiscal year 2026. On January 29, 2026, the Company’s Board of Directors authorized a new common stock repurchase program of up to $200.0 million, which was announced on February 3, 2026. The Company may purchase shares of its common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans or through the use of other techniques. The stock repurchase program does not have an expiration date. The timing and number of shares repurchased will depend on a variety of factors, including stock price, trading volume, and general business and market conditions. The repurchase program does not obligate the Company to repurchase any of its common stock, or to acquire a specified number of shares, and may be modified, suspended or discontinued at the Company’s discretion. During the three and nine months ended March 31, 2026, the Company repurchased approximately 3.9 million and 7.3 million shares of its common stock for $100.0 million and $250.0 million, excluding broker fees, respectively. The repurchased shares of common stock were retired. As of March 31, 2026, $100.0 million remained available and authorized for repurchases. Additionally, in connection with the share repurchase, the Company accrued $0.9 million of excise tax for the three and nine months ended March 31, 2026.
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