Stockholders' Equity |
12 Months Ended |
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Jun. 30, 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 fiscal year ended June 30, 2026, the Company repurchased approximately 8.4 million shares of its common stock for $275.0 million, excluding broker fees (consisting of $150.0 million under the program authorized on August 7, 2025 and $125.0 million under the program authorized on January 29, 2026). The repurchased shares of common stock were retired. As of June 30, 2026, $75.0 million remained available and authorized for repurchases. Additionally, in connection with the share repurchase, the Company accrued $1.7 million of excise tax for the fiscal year ended June 30, 2026.
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