Quarterly report pursuant to Section 13 or 15(d)

STOCK REPURCHASE PROGRAM

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STOCK REPURCHASE PROGRAM
 9 Months Ended
Mar. 31, 2022
Equity [Abstract]  
STOCK REPURCHASE PROGRAM STOCK REPURCHASE PROGRAM
Our Board of Directors has authorized a program that permits us to repurchase our common stock. As of June 30, 2021, there was an aggregate of approximately $93 million remaining available for repurchase under previous authorizations, and on July 29, 2021, the Board of Directors authorized an additional $2.00 billion. The intent of this program is to offset the dilution from our equity incentive plans, shares issued in connection with purchases under our ESPP, as well as to return excess cash to our stockholders. Subject to market conditions, applicable legal requirements and other factors, the repurchases were made in the open market in compliance with applicable securities laws, including the Securities Exchange Act of 1934 and the rules promulgated thereunder, such as Rule 10b-18 and, if pursuant to a written plan, Rule 10b5-1. This stock repurchase program has no expiration date and may be suspended at any time. As of March 31, 2022, an aggregate of $0.70 billion was available for repurchase under the stock repurchase program.
Share repurchases for the indicated periods (based on the trade date of the applicable repurchase) were as follows:
Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2022 2021 2022 2021
Number of shares of common stock repurchased 1,539  906  3,833  2,707 
Total cost of repurchases $ 564,666  $ 273,441  $ 1,394,217  $ 644,830