Quarterly Financial Data (Unaudited)
 12 Months Ended
Jun. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)

 
 
Successor
 
 
Three Months Ended
 
 
September 30, 2015
 
December 31, 2015
 
March 31, 2016
 
June 30, 2016
 
 
(in millions, except per share amounts)
Fiscal Year 2016
 
 
 
 
 
 
 
 
Total revenue
 
$
692.0

 
$
682.6

 
$
586.4

 
$
753.9

Gross margin
 
136.9

 
132.9

 
123.7

 
147.1

Operating income
 
36.7

 
29.5

 
9.7

 
23.0

Net income (loss)
 
9.7

 
0.8

 
(6.4
)
 
(7.4
)
Earnings (loss) per share, basic
 
$
0.14

 
$
0.01

 
$
(0.09
)
 
$
(0.10
)
Earnings (loss) per share, diluted
 
$
0.14

 
$
0.01

 
$
(0.09
)
 
$
(0.10
)

 
 
Successor
 
 
Three Months Ended
 
 
September 30, 2016
 
December 31, 2016
 
March 31, 2017
 
June 30, 2017
 
 
(in millions, except per share amounts)
Fiscal Year 2017
 
 
 
 
 
 
 
 
Total revenue
 
$
737.7

 
$
721.8

 
$
628.8

 
$
729.3

Gross margin
 
148.6

 
142.9

 
142.1

 
152.3

Operating income
 
30.3

 
27.5

 
14.4

 
35.9

Net income (loss)
 
5.6

 
3.4

 
(15.0
)
 
10.4

Earnings (loss) per share, basic
 
$
0.08

 
$
0.05

 
$
(0.20
)
 
$
0.11

Earnings (loss) per share, diluted
 
$
0.08

 
$
0.05

 
$
(0.20
)
 
$
0.11



The sum of the earnings (loss) per share amounts may not equal the annual amounts due to changes in the number of weighted average common shares outstanding during the year.

On February 24, 2017, the Board of Directors of the Company declared a 2-for-1 stock split of the Company’s common stock in the form of a stock dividend payable on each share of common stock issued and outstanding as of February 24, 2017. The number of shares subject to and the exercise price of the Company’s outstanding options were adjusted to equitably reflect the split. All per-share data included in these financial statements give effect to the stock split and have been adjusted retroactively for all Successor periods presented.