Item 1A. Risk Factors
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Item 1A. Risk Factors
Important risk factors that could affect our operations and financial performance, or that could cause results or events to differ from current expectations, will be described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended June 30, 2017, which we expect to file subsequent to the filing of this Quarterly Report on Form 10-Q/A.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
In July 2016, our Board of Directors adopted a program to repurchase from time to time at management’s discretion up to $100.0 million of our common stock in the open market or in private transactions during the next twelve months at prevailing market prices. During the three months ended September 30, 2016, we purchased 888,097 shares of our common stock in the open market at a weighted average price of $20.79 per share for $18.5 million. Repurchases were made under the program using our cash resources. The repurchase program ended in July 2017.
The following table provides information regarding repurchases of our common stock during the three months ended September 30, 2016:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) | ||||||||||
| July 1 - July 31, 2016 | 513,194 | $ | 19.99 | 513,194 | $ | 89,741 | ||||||||
| August 1 - August 31, 2016 | 204,570 | $ | 21.77 | 204,570 | $ | 85,288 | ||||||||
| September 1 - September 30, 2016 | 170,333 | $ | 22.01 | 170,333 | $ | 81,539 | ||||||||
| Total | 888,097 | $ | 20.79 | 888,097 |
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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