SUBSEQUENT EVENTS |
12 Months Ended |
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Jun. 30, 2019 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Stock Repurchases On August 6, 2019, the Company's Board of Directors approved a new $500 million stock repurchase program (the "August Program"). Under the August Program, the Company is authorized to repurchase up to $500 million of common stock, in addition to the remaining balance under the November Repurchase Program, announced on November 9, 2018. The August Program expires on December 31, 2020. Subsequent to June 30, 2019, the Company repurchased and retired 841,200 shares of common stock at an average price of $115.62 for an aggregate amount of $97.3 million. As of August 12, 2019, the Company had no remaining balance available for share repurchase under the November Program. As of August 19, 2019, the Company had $438.5 million available for share repurchase under the August Repurchase Program. Dividends On August 8, 2019, the Company announced that its Board of Directors had approved a quarterly cash dividend of $0.30 per share payable on August 26, 2019 to shareholders of record at the close of business on August 19, 2019. The Company intends to pay regular quarter cash dividends of at least $0.30 per share for the remainder of fiscal year 2020. Any future dividends will be subject to the approval of the Company's Board of Directors. Change of Name and Transfer to New York Stock Exchange On the close of business on Monday, August 19, 2019, the Company changed its name from Ubiquiti Networks Inc. to Ubiquiti Inc. In addition, Ubiquiti Inc.'s common stock ceased being registered on the NASDAQ Global Select Market, under its previous trading symbol "UBNT", and began trading on Tuesday, August 20, 2019 on the New York Stock Exchange, under the new trading symbol "UI". The new CUSIP for the Common Stock is 90353W 103.
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