CDK Global (CDK) 10-Q 5 May 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Mar. 31, 2016	May. 02, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Entity Registrant Name	CDK Global, Inc.
Entity Central Index Key	1,609,702
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Common Stock, Shares Outstanding		155,336,347

Condensed Consolidated and Comb

Condensed Consolidated and Combined Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenues	$ 537.7	$ 526.4	$ 1,572.4	$ 1,560.4
Expenses:
Cost of revenues	315.8	321.8	927.8	956.6
Selling, general and administrative expenses	125	105.5	328.2	321.9
Restructuring expenses	7.7	0	11.4	0
Separation costs	0	0.6	0	34.6
Total expenses	448.5	427.9	1,267.4	1,313.1
Operating earnings	89.2	98.5	305	247.3
Interest expense	(10.7)	(9.3)	(29.5)	(19.4)
Other income, net	0.1	1.8	5.7	4.7
Earnings before income taxes	78.6	91	281.2	232.6
Provision for income taxes	(22.9)	(32.8)	(94.6)	(89)
Net earnings	55.7	58.2	186.6	143.6
Less: net earnings attributable to noncontrolling interest	1.9	1.9	5.6	5.9
Net earnings attributable to CDK	$ 53.8	$ 56.3	$ 181	$ 137.7
Net earnings attributable to CDK per common share:
Basic (usd per share)	$ 0.35	$ 0.35	$ 1.15	$ 0.86
Diluted (usd per share)	$ 0.34	$ 0.35	$ 1.14	$ 0.85
Weighted-average common shares outstanding:
Basic (shares)	155.4	160.6	157.8	160.7
Diluted (shares)	156.3	161.9	158.7	161.5
Dividends declared per common share (usd per share)	$ 0.135	$ 0.12	$ 0.39	$ 0.24

Condensed Consolidated and Com3

Condensed Consolidated and Combined Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 55.7	$ 58.2	$ 186.6	$ 143.6
Other comprehensive income (loss):
Currency translation adjustments	6.4	(23.2)	(25.4)	(40.1)
Other comprehensive income (loss)	6.4	(23.2)	(25.4)	(40.1)
Comprehensive income	62.1	35	161.2	103.5
Less: comprehensive income attributable to noncontrolling interest	1.9	1.9	5.6	5.9
Comprehensive income attributable to CDK	$ 60.2	$ 33.1	$ 155.6	$ 97.6

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 464.1	$ 408.2
Accounts receivable, net of allowances of $7.2 and $6.8, respectively	381.5	314.6
Other current assets	178.1	162.4
Total current assets	1,023.7	885.2
Property, plant and equipment, net	108.8	100
Other assets	226	224.1
Goodwill	1,202.2	1,209.9
Intangible assets, net	112.1	99.3
Total assets	2,672.8	2,518.5
Current liabilities:
Current maturities of long-term debt and capital lease obligations	26.4	13
Accounts payable	31.4	21.7
Accrued expenses and other current liabilities	189.1	154.4
Accrued payroll and payroll-related expenses	106	123.2
Short-term deferred revenues	183.7	186.1
Total current liabilities	536.6	498.4
Long-term debt and capital lease obligations	1,196.1	971.1
Long-term deferred revenues	159.7	162.9
Deferred income taxes	62	58.2
Other liabilities	67.5	43.8
Total liabilities	2,021.9	1,734.4
Equity:
Preferred stock, $0.01 par value: Authorized, 50.0 shares; issued and outstanding, none	0	0
Common stock, $0.01 par value: Authorized, 650.0 shares; issued, 160.3 and 161.3 shares, respectively; outstanding, 155.3 and 160.2 shares, respectively	1.6	1.6
Additional paid-in-capital	637.1	686.5
Retained earnings	200.5	81.2
Treasury stock, at cost: 5.0 and 1.1 shares, respectively	(234)	(50.7)
Accumulated other comprehensive income	26.2	51.6
Total CDK stockholders' equity	631.4	770.2
Noncontrolling interest	19.5	13.9
Total equity	650.9	784.1
Total liabilities and equity	$ 2,672.8	$ 2,518.5

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 7.2	$ 6.8
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	650,000,000	650,000,000
Common stock, shares issued	160,300,000	161,300,000
Common stock, shares outstanding	155,300,000	160,200,000
Treasury stock shares	5,000,000	1,100,000

Condensed Consolidated and Com6

Condensed Consolidated and Combined Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net earnings	$ 186.6	$ 143.6
Adjustments to reconcile net earnings to cash flows provided by operating activities:
Depreciation and amortization	45.6	57.1
Deferred income taxes	7.8	(2)
Stock-based compensation expense	25.5	22
Pension expense	0	0.8
Other	(4.5)	(5.9)
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses:
Increase in accounts receivable	(71.1)	(55.6)
Increase in other assets	(24)	(19.1)
Increase in accounts payable	11.3	4.7
Increase in accrued expenses and other liabilities	29.7	14.6
Net cash flows provided by operating activities	206.9	160.2
Cash Flows from Investing Activities:
Capital expenditures	(35)	(27.2)
Proceeds from sale of property, plant and equipment	0	0.9
Capitalized software	(9.6)	(7.5)
Acquisitions of businesses, net of cash acquired	(18)	0
Contributions to investments	(6.7)	(14.6)
Proceeds from investments	8.7	0
Proceeds from notes receivable from ADP and its affiliates	0	40.6
Net cash flows used in investing activities	(60.6)	(7.8)
Cash Flows from Financing Activities:
Repayments of notes payable to ADP and its affiliates	0	(21.9)
Net transactions of parent company investment	0	(240.8)
Proceeds from long-term debt	250	1,750
Repayments of long-term debt and capital lease obligations	(13.3)	(756.2)
Dividend paid to ADP at spin-off	0	(825)
Dividends paid to stockholders	(61.9)	(38.8)
Repurchases of common stock	(261)	(32.2)
Proceeds from exercises of stock options	5.3	6.9
Excess tax benefit from stock-based compensation awards	7.4	9.7
Withholding tax payments for stock-based compensation awards	(8.6)	(0.9)
Dividend payments of CVR to noncontrolling owners	0	(5.4)
Payments of deferred financing costs	(2.1)	(9.2)
Acquisition-related payments	(2.7)	0
Recovery of dividends paid (Note 1D)	0.4	0
Net cash flows used in financing activities	(86.5)	(163.8)
Effect of exchange rate changes on cash and cash equivalents	(3.9)	(22.9)
Net change in cash and cash equivalents	55.9	(34.3)
Cash and cash equivalents, beginning of period	408.2	402.8
Cash and cash equivalents, end of period	464.1	368.5
Cash paid for:
Income taxes and foreign withholding taxes, net of refunds	96.5	67.3
Interest	20	2.7
Non-cash transactions:
Non-cash consideration issued for acquisitions (Note 3)	$ 14	$ 0

Condensed Consolidated Statemen

Condensed Consolidated Statement of Equity - 9 months ended Mar. 31, 2016 - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in-Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income	Total CDK Stockholders' Equity	Non-controlling Interest
Stockholders' equity, beginning balance at Jun. 30, 2015	$ 784.1	$ 1.6	$ 686.5	$ 81.2	$ (50.7)	$ 51.6	$ 770.2	$ 13.9
Common stock, shares issued, beginning balance at Jun. 30, 2015	161.3	161.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	$ 186.6			181			181	5.6
Foreign currency translation adjustments	(25.4)					(25.4)	(25.4)
Stock-based compensation expense and related dividend equivalents	23.3		23.5	(0.2)			23.3
Common stock issued for the exercise and vesting of stock-based compensation awards, net	(3.3)		(30.3)		27		(3.3)
Excess tax benefit from stock-based compensation awards	7.4		7.4				7.4
Cash dividends paid to stockholders	(61.9)			(61.9)			(61.9)
Repurchases of common stock	(260.3)		(50)		(210.3)		(260.3)
Correction of common stock issued in connection with the spin-off and dividends paid (Note 1D)	$ 0.4			0.4			0.4
Correction of common stock issued in connection with the spin-off and dividends paid (Note 1D) (in shares)		(1)
Common stock, shares issued, end balance at Mar. 31, 2016	160.3	160.3
Stockholders' equity, ending balance at Mar. 31, 2016	$ 650.9	$ 1.6	$ 637.1	$ 200.5	$ (234)	$ 26.2	$ 631.4	$ 19.5

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation A. Spin-off On April 9, 2014 , the board of directors of Automatic Data Processing, Inc. (“ADP”) approved the spin-off of the Dealer Services business of ADP. On September 30, 2014 , the spin-off became effective and ADP distributed 100% of the common stock of CDK Global, Inc. (the "Company" or "CDK") to the holders of record of ADP's common stock as of September 24, 2014 (the "spin-off"). Concurrent with the spin-off, the Company and ADP entered into several agreements providing for transition services and governing relationships between the Company and ADP. Refer to Notes 9 and 13 for further information. B. Description of Business The Company is a leading global provider of integrated information technology and digital marketing solutions to the automotive retail and adjacent industries. The Company’s solutions automate and integrate all parts of the dealership and buying process from targeted digital advertising and marketing campaigns to the sale, financing, insuring, parts supply, repair, and maintenance of vehicles. The Company classifies its operations into the following reportable segments: Automotive Retail North America, Automotive Retail International, and Digital Marketing. In addition, the Company has an “Other” segment, the primary components of which are corporate allocations and other expenses not recorded in the segment results. Refer to Note 14 for further information. C. Basis of Preparation The financial statements presented herein represent (i) the results of operations for the three and nine months ended March 31, 2016 and the three months ended March 31, 2015 and the balance sheets as of March 31, 2016 and June 30, 2015 with the Company reporting as a separate publicly-traded company (referred to as "consolidated financial statements"), and (ii) the results of operations for the nine months ended March 31, 2015 , which includes the period prior to the spin-off when the Company was a wholly owned subsidiary of ADP (referred to as "combined financial statements"). Throughout this Quarterly Report on Form 10-Q when we refer to the "financial statements," we are referring to the "condensed consolidated and combined financial statements," unless the context indicates otherwise. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect assets, liabilities, revenues, and expenses that are reported in the accompanying financial statements and footnotes thereto. Actual results may differ from those estimates. These financial statements present the consolidated and combined results of operations of the Company, which was under common control and common management by ADP until the spin-off. The historical financial results in the accompanying financial statements presented may not be indicative of the results that would have been achieved had the Company operated as a separate, stand-alone entity. The accompanying financial statements reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the results for the interim periods. Interim financial results are not necessarily indicative of financial results for a full year. The financial statements in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated and combined financial statements and related notes of the Company as of and for the fiscal year ended June 30, 2015 included in the Annual Report on Form 10-K. Prior to the spin-off, the financial statements of the Company included costs for facilities, functions, and services used by the Company at shared ADP sites and costs for certain functions and services performed by centralized ADP organizations and directly charged to the Company based on revenues and headcount. Following the spin-off, the Company performs these functions using internal resources or purchased services, certain of which were provided by ADP during a transitional period that ended September 30, 2015 pursuant to the transition services agreement. Refer to Note 13 for further information on agreements entered into with ADP as a result of the spin-off. The expenses allocated to the Company for these services are not necessarily indicative of the expenses that would have been incurred if the Company had been a separate, independent entity and had otherwise managed these functions. The financial statements of the Company include the following transactions with ADP or its affiliates: Separation Costs. The financial statements of the Company include certain incremental costs that are directly attributable to the spin-off. Prior to the spin-off, separation costs were paid by ADP and allocated to the Company. These costs related to professional services and amounted to $0.6 million and $34.6 million for the three and nine months ended March 31, 2015 , respectively. The Company did not incur any separation costs during the three and nine months ended March 31, 2016 . Overhead Expenses. Prior to the spin-off, the financial statements of the Company included an allocation of certain general expenses of ADP and its affiliates, which were in support of the Company, including departmental costs for travel, procurement, treasury, tax, internal audit, risk management, real estate, benefits, and other corporate and infrastructure costs. The Company was allocated overhead costs related to ADP's shared functions of $7.1 million for the nine months ended March 31, 2015 . The Company was not allocated any overhead costs related to ADP's shared functions during the three and nine months ended March 31, 2016 and the three months ended March 31, 2015. These costs were reported in selling, general, and administrative expenses on the consolidated and combined statements of operations. These allocations were based on a variety of factors. The allocation of travel department costs was based on the estimated percentage of travel directly related to the Company. The allocation of benefits was based on the approximate benefit claims or payroll costs directly related to the Company as compared to ADP’s total claims and payroll costs. The allocation of real estate management costs was based on the estimated percentage of square footage of facilities for the Company's business that was managed by the ADP corporate real estate department in relation to ADP’s total managed facilities. All other allocations were based on an estimated percentage of support staff time or system utilization in comparison to ADP as a whole. Management believes that these allocations were made on a reasonable basis. Royalty Fees. Prior to the spin-off, the financial statements of the Company included a trademark royalty fee charged by ADP to the Company based on revenues for licensing fees associated with the use of the ADP trademark. The Company was charged trademark royalty fees of $5.7 million for the nine months ended March 31, 2015 . The Company was not charged trademark royalty fees for the three and nine months ended March 31, 2016 and the three months ended March 31, 2015. These charges were included in selling, general, and administrative expenses on the consolidated and combined statements of operations. Management believes that these allocations were made on a reasonable basis. Services Received from Affiliated Companies. Prior to the spin-off, certain systems development functions were outsourced to an ADP shared services facility located in India. This facility provided services to the Company as well as to other ADP affiliates. The Company purchased services from this facility of $5.5 million for the nine months ended March 31, 2015 . These functions were no longer outsourced to an ADP shared services facility for the three and nine months ended March 31, 2016 and the three months ended March 31, 2015. The charge for these services was included within cost of revenues on the consolidated and combined statements of operations. Notes Receivable from ADP and its Affiliates and Notes Payable to ADP and its Affiliates. Prior to the spin-off, notes receivable from ADP and its affiliates and notes payable to ADP and its affiliates were settled; therefore, there were no outstanding notes receivable from or payable to ADP and its affiliates in the accompanying consolidated balance sheets as of March 31, 2016 and June 30, 2015 . Interest income on notes receivable from ADP and its affiliates was $0.2 million for the nine months ended March 31, 2015 . The Company recorded interest income on notes receivable from ADP and its affiliates within other income, net on the consolidated and combined statements of operations. Interest expense on notes payable to ADP and its affiliates was $0.2 million for the nine months ended March 31, 2015 . The Company recorded interest expense on notes payable to ADP and its affiliates within interest expense on the consolidated and combined statements of operations. There was no interest income or interest expense under similar arrangements for the three and nine months ended March 31, 2016 and the three months ended March 31, 2015. Other Services. Prior to the spin-off, the Company received other services from ADP and its affiliates (e.g., payroll processing services). The Company was charged primarily at a fixed rate per employee per month for such payroll processing services. Expenses incurred for such services were $0.4 million for the nine months ended March 31, 2015 . The Company did not incur expenses for such services during the three and nine months ended March 31, 2016 and the three months ended March 31, 2015. These expenses were included in selling, general, and administrative expenses on the consolidated and combined statements of operations. D. Spin-off Common Stock Issued During the three months ended September 30, 2015, the Company became aware that 1.0 million shares of common stock were inadvertently issued and distributed to ADP at the spin-off with respect to certain unvested ADP equity awards. The Company previously reported that 160.6 million shares were issued in connection with the spin-off, which was overstated by 1.0 million shares. In addition, dividends paid to stockholders in fiscal 2015 were overstated by $0.4 million . The Company assessed the materiality and concluded that the impact was not material to previously reported results of operations, financial condition, or cash flows. During the three months ended September 30, 2015, the Company and ADP took corrective action to cancel the 1.0 million shares of common stock effective as of September 30, 2014 and the Company recovered the $0.4 million of cumulative dividends paid on such shares, thereby increasing the Company's retained earnings. The effects of these adjustments were reflected in the accompanying financial statements for the three and nine months ended March 31, 2016 . E. Significant Accounting Policies Revenue Recognition. Revenues are generated from software licenses, hosting arrangements, hardware sales and leases, support and maintenance, professional services, advertising, and digital marketing, as well as certain transactional services. The Company recognizes software related revenue (on-site) in accordance with the provisions of ASC 985-605, “Software-Revenue Recognition,” and non-software related revenues, upfront hardware sales, and software delivered under a hosted model in accordance with ASC 605, "Revenue Recognition." In general, revenue is recognized when all of the following criteria have been met: • persuasive evidence of an arrangement exists; • delivery has occurred or services have been rendered; • fees are fixed or determinable; and • collection of the revenue is reasonably assured. The following are the Company’s major components of revenue: • Bundled sales of Dealer Management Systems ("DMS") and integrated solutions. In the Automotive Retail North America and Automotive Retail International segments, the Company receives fees for product installation, fees for software licenses, ongoing software support and maintenance of DMS, and other integrated solutions that are either hosted by the Company or installed on-site at the customer’s location. Revenues for term licenses are recognized ratably over the software license term, as vendor-specific objective evidence of the fair values of the individual elements in the sales arrangement does not exist. Revenue recognition commences at the installation dates, when customer acceptance has occurred, and collectability of a determinable amount is probable. In the case of hosted applications, the customer does not have the contractual right to take possession of the software and the items delivered at the outset of the contract (e.g., installation, training, etc.) do not have value to the customer without the software license and ongoing support and maintenance. Any upfront fees charged in the case of hosted arrangements are recognized ratably over the expected benefit period of the arrangement, typically five years . The unrecognized portion of these revenue elements is recorded as deferred revenue. The Company also offers various hardware elements in connection with DMS and integrated solution sales, which in some instances are considered sales-type leases under ASC 840, "Leases." Revenues related to leased hardware are recognized upon installation and receivables are recorded based on the present value of the minimum lease payments at the beginning of the lease term. Effective July 1, 2015, for new arrangements, the Company offers hardware on a service basis, meaning no specific assets are identified or a substantive right of substitution exists. Hardware service revenues are recognized over the life of the arrangements. As a result, the legacy portfolio of sales-type lease receivables is expected to decline over time. • Transactional revenues. The Company receives revenues on a fee per transaction processed basis in connection with providing auto retailers interfaces with third parties to process credit reports, vehicle registrations, data updates, and automotive equity mining. Transactional revenues are recorded in accordance with ASC 605, "Revenue Recognition." Delivery occurs at the time the services are rendered. Transactional revenues are recorded in revenues gross of costs incurred for credit report processing, vehicle registrations, and automotive equity mining as the Company is contractually responsible for providing the service, software, and/or connectivity to the customers, and therefore, the Company is the primary obligor under ASC 605, "Revenue Recognition." • Digital Marketing services. The Company receives revenues from the placement of advertising for customers and providing websites and related advertising and marketing services. Digital marketing revenues are recorded in accordance with ASC 605, "Revenue Recognition" as delivery occurs at the time the services are rendered. Taxes collected from customers and remitted to governmental authorities are presented on a net basis; that is, such taxes are excluded from revenues. Deferred Costs. Costs to deliver services are expensed to cost of revenues as incurred with the exception of specific costs directly related to transition or installation activities, including payroll-related costs for the Company's implementation and training teams, as well as commission costs for the sale. These costs are deferred and expensed proportionately over the same period that the deferred revenues are recognized as revenues. Deferred amounts are monitored regularly to ensure appropriate asset and expense recognition. Current deferred costs classified within other current assets on the consolidated balance sheets were $104.5 million and $105.3 million as of March 31, 2016 and June 30, 2015 , respectively. Long-term deferred costs classified within other assets on the consolidated balance sheets were $138.2 million and $144.7 million as of March 31, 2016 and June 30, 2015 , respectively. Computer Software to be Sold, Leased, or Otherwise Marketed. The Company's policy provides for the capitalization of certain costs of computer software to be sold, leased, or otherwise marketed. The Company's policy provides for the capitalization of all software production costs upon reaching technological feasibility for a specific product. Technological feasibility is attained when software products have a completed working model whose consistency with the overall product design has been confirmed by testing. Costs incurred prior to the establishment of technological feasibility are expensed as incurred. The establishment of technological feasibility requires judgment by management and in many instances is only attained a short time prior to the general release of the software. Maintenance-related costs are expensed as incurred. Pursuant to this policy, the Company recognized expenses of $43.2 million and $43.3 million for the three months ended March 31, 2016 and 2015 , respectively, and $121.8 million and $127.2 million for the nine months ended March 31, 2016 and 2015 , respectively. These expenses were classified within cost of revenues on the consolidated and combined statements of operations. Stock-Based Compensation. Certain employees (a) have been granted stock options to purchase shares of the Company’s common stock and (b) have been granted restricted stock or restricted stock units under which shares of the Company's common stock vest based on the passage of time or achievement of performance conditions. The Company recognizes stock-based compensation expense in net earnings based on the fair value of the award on the date of the grant. The Company determines the fair value of stock options issued using a binomial option pricing model. The binomial option-pricing model considers a range of assumptions related to volatility, dividend yield, risk-free interest rate, and employee exercise behavior. Expected volatilities utilized in the binomial option pricing model are based on a combination of implied market volatilities and historical volatilities of peer companies. Similarly, the dividend yield is based on historical experience and expected future dividend payments. The risk-free rate is derived from the U.S. Treasury yield curve in effect at the time of grant. The binomial option pricing model also incorporates exercise and forfeiture assumptions based on an analysis of historical data. The expected life of a stock option grant is derived from the output of the binomial model and represents the period of time that options granted are expected to be outstanding. The grant date fair value of restricted stock and restricted stock units that vest upon achievement of service conditions is based on the closing price of the Company's common stock on the date of grant. The Company also grants performance-based awards that vest over a performance period. Certain performance-based awards are further subject to adjustment (increase or decrease) based on a market condition defined as total shareholder return of the Company’s common stock compared to a peer group of companies. The fair value of performance-based awards subject to a market condition is determined using a Monte Carlo simulation model. The principal variable assumptions utilized in determining the grant date fair value of performance-based awards subject to a market condition include the risk-free rate, stock volatility, dividend yield, and correlations between the Company's stock price and the stock prices of the peer group of companies. Fair Value of Financial Instruments. The Company determines the fair value of financial instruments in accordance with accounting standards pertaining to fair value measurements. Such standards define fair value and establish a framework for measuring fair value in accordance with GAAP. Cash and cash equivalents, accounts receivable, other current assets, accounts payable, and other current liabilities are reflected in the consolidated balance sheets at cost, which approximates fair value due to the short-term nature of these instruments. The carrying value of the Company's term loan facilities (as described in Note 7), including accrued interest, approximates fair value based on the Company's current estimated incremental borrowing rate for similar types of arrangements. The approximate aggregate fair value of the Company's senior notes as of March 31, 2016 was $740.3 million based on quoted market prices for the same or similar instruments and the carrying value was $750.0 million . The term loan facilities and senior notes are considered Level 2 fair value measurements in the fair value hierarchy.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recently Adopted Accounting Pronouncements In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." ASU 2015-17 requires that deferred tax assets and liabilities be classified as non-current in a classified statement of financial position. The current requirement that deferred tax assets and liabilities of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this ASU. ASU 2015-17 is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted. The Company elected to adopt ASU 2015-17 during the three months ended December 31, 2015 on a prospective basis. The Company concluded that the simplified presentation requirement permitted by ASU 2015-17 is preferable because the current and non-current classification does not necessarily reflect when the temporary difference will reverse and become a taxable or deductible item. As a result, deferred tax assets and liabilities are presented as long-term in the consolidated balance sheet as of March 31, 2016. Because ASU 2015-17 was adopted prospectively, the Company did not adjust the classification of deferred tax assets and liabilities in the consolidated balance sheet as of June 30, 2015. The consolidated balance sheet as of June 30, 2015 includes current deferred tax assets of $13.0 million , which are included within other current assets, and current deferred tax liabilities of $1.4 million , which are included within accrued expenses and other current liabilities. In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." ASU 2015-16 eliminates the requirement to retrospectively account for measurement period adjustments and allows such adjustments to be recorded to goodwill in the reporting period in which the adjustments to the provisional amounts are determined. ASU 2015-16 is effective for financial statements issued for annual periods beginning after December 15, 2015, and interim periods within those annual periods, with early adoption permitted. The Company elected to adopt ASU 2015-16 during the three months ended March 31, 2016. In May 2015, the FASB issued ASU 2015-05, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement." ASU 2015-05 requires that if the arrangement contains a software license, the customer would account for the fees related to the software license element in a manner consistent with how the acquisition of other software licenses is accounted for under ASC 350-40; if the arrangement does not contain a software license, the customer would account for the arrangement as a service contract. ASU 2015-05 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015, with early adoption permitted. The Company elected to adopt ASU 2015-05 during the three months ended March 31, 2016 on a prospective basis. Depending on the nature and purpose of the cloud-based software, expenses will be recognized in cost of revenues or selling, general, and administrative expenses. Recently Issued Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, "Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." ASU 2016-09 simplifies several aspects of accounting for share-based payment transactions, including income tax consequences, accounting for forfeitures, classification of awards as either equity or liability, and classification on the statement of cash flows. The simplification of income tax accounting for share-based payment transactions also impacts the computation of weighted-average diluted shares outstanding under the treasury stock method. ASU 2016-09 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2016, with early adoption permitted. While the Company is still evaluating the impact ASU 2016-09 will have on the consolidated results of operations, financial condition, and cash flows, the Company's effective tax rate will be impacted by the classification of excess tax benefits and tax deficiencies in income tax expense and the classification of excess tax benefits in the statement of cash flows will change. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 requires that lessees recognize right-of-use assets and lease liabilities for any lease classified as either a finance or operating lease that is not considered short-term. The accounting applied by lessors is largely consistent from the existing lease standard. ASU 2016-02 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2018. Lessees and lessors will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company has obligations under lease agreements for facilities and equipment, which are classified as operating leases under the existing lease standard. While the Company is still evaluating the impact ASU 2016-02 will have on the consolidated results of operations, financial condition, and cash flows, the Company's financial statements will reflect an increase in both assets and liabilities due to the requirement to recognize right-of-use assets and lease liabilities on the consolidated balance sheets for its facility and equipment leases. In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force)." ASU 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU 2014-12 is effective for annual, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2014-12 will not have an impact on the Company's consolidated results of operations, financial condition, or cash flows. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 requires an entity to recognize revenue depicting the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 will also result in enhanced revenue related disclosures. In July 2015, the FASB decided to defer the effective date of ASU 2014-09 by one year and subsequently issued ASU 2015-14 "Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date." As a result, this standard, and subsequent amendments thereto, will be effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2017. The Company is currently evaluating the impact of ASU 2014-09 on its consolidated results of operations, financial condition, or cash flows.

Acquisitions

Acquisitions	9 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Acquisitions	Acquisitions RedBumper, LLC and NewCarIQ, LLC On February 1, 2016, the Company acquired certain assets of RedBumper, LLC and NewCarIQ, LLC, providers of technology solutions for new and used car pricing. The Company had a pre-existing relationship with these entities under which CDK was a reseller of their products. The acquisitions were made pursuant to asset purchase agreements, which contain customary representations, warranties, covenants, and indemnities by the sellers and the Company. The acquisition date fair value of total consideration to be transferred was $32.4 million , which consists primarily of an initial cash price of $17.7 million and a liability for contingent consideration of $14.3 million . Contingent consideration payments occurring within three months following the acquisition date are classified within investing activities on the statement of cash flows; subsequent payments are included within financing activities. Accordingly, $0.3 million of contingent consideration payments made during the three months ended March 31, 2016 are included in investing activities as cash paid for the acquisitions. The minimum contingent consideration payable under the asset purchase agreements is $14.7 million and is payable in installments over a four -year period; there is no maximum payment amount. The Company funded the initial payment with cash on hand. The estimated fair value of acquired software intangible assets and other assets was $15.0 million and $0.6 million , respectively. The excess of the acquisition consideration over the estimated fair value of the acquired assets of $16.8 million was allocated to goodwill. The acquired assets and goodwill are included in the Automotive Retail North America segment. The software intangible assets will be amortized over a weighted-average useful life of 8 years. The goodwill recognized from these acquisitions reflects expected synergies resulting from direct ownership of the products and processes, allowing greater flexibility for future product development and bundling, as opposed to licensing these products for sale. The acquired goodwill is deductible for tax purposes. The fair values of intangible assets and the contingent consideration liability were based on a preliminary valuation analysis. These estimates and assumptions are subject to change within the one-year measurement period if additional information, which existed as of the acquisition date, becomes known to the Company. The pro forma effects of these acquisitions are not significant to the Company's reported results for any period presented. Accordingly, no pro forma financial statements have been presented herein. AVRS, Inc. During the three months ended March 31, 2016, the Company recognized a measurement period adjustment related to the acquisition of AVRS, Inc. that resulted in a $3.0 million reduction of goodwill.

Restructuring

Restructuring	9 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring During the fiscal year ended June 30, 2015 , the Company initiated a three -year business transformation plan intended to increase operating efficiency and improve the Company's cost structure within its global operations. The business transformation plan is expected to produce significant benefits in the Company’s long-term business performance. Restructuring expenses associated with the business transformation plan included employee-related costs, which represent severance and other termination-related benefits calculated based on long-standing benefit practices and local statutory requirements, and contract termination costs. The Company expects to incur total restructuring expenses under the business transformation plan of approximately $80.0 million through fiscal 2018. The Company will continue to evaluate its estimate of total restructuring expenses as it executes the business transformation plan. The Company recognized $7.7 million and $11.4 million of restructuring expenses for the three and nine months ended March 31, 2016 , respectively. Since the inception of the business transformation plan in the fourth quarter of fiscal 2015, the Company has recognized cumulative restructuring expenses of $13.8 million . Restructuring expenses are presented separately on the consolidated statements of operations. Restructuring expenses are recorded in the "Other" segment, as these initiatives are predominantly centrally directed and are not included in internal measures of segment operating performance. Accruals for restructuring expenses were included within accrued expenses and other current liabilities on the consolidated balance sheets as of March 31, 2016 and June 30, 2015 . The following table summarizes the activity for the restructuring accrual for the nine months ended March 31, 2016 : Employee-Related Costs Contract Termination Costs Total Costs Balance as of June 30, 2015 $ 2.4 $ — $ 2.4 Charges 10.3 1.5 11.8 Cash payments (4.9 ) (0.4 ) (5.3 ) Adjustments (0.4 ) — (0.4 ) Foreign exchange — — — Balance as of March 31, 2016 $ 7.4 $ 1.1 $ 8.5 The Company did not incur any restructuring expenses under a comparable business transformation plan during the three and nine months ended March 31, 2015 .

Earnings per Share

Earnings per Share	9 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The numerator for both basic and diluted earnings per share is net earnings attributable to CDK. The denominator for basic and diluted earnings per share is based upon the weighted-average number of shares of the Company's common stock outstanding during the reporting periods. Diluted earnings per share also reflects the dilutive effect of unexercised in-the-money stock options and unvested restricted stock. Holders of certain stock-based compensation awards are eligible to receive dividends as described in Note 8. Net earnings allocated to participating securities were not significant for the three and nine months ended March 31, 2016 and 2015 . The following table summarizes the components of basic and diluted earnings per share. Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Net earnings attributable to CDK $ 53.8 $ 56.3 $ 181.0 $ 137.7 Weighted-average shares outstanding: Basic 155.4 160.6 157.8 160.7 Effect of employee stock options 0.5 0.7 0.5 0.4 Effect of employee restricted stock 0.4 0.6 0.4 0.4 Diluted 156.3 161.9 158.7 161.5 Basic earnings attributable to CDK per share $ 0.35 $ 0.35 $ 1.15 $ 0.86 Diluted earnings attributable to CDK per share $ 0.34 $ 0.35 $ 1.14 $ 0.85 The weighted-average number of shares outstanding used in the calculation of diluted earnings per share does not include the effect of the following anti-dilutive securities. Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Stock-based awards 0.4 0.3 0.4 0.3

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net Changes in goodwill for the nine months ended March 31, 2016 were as follows: Automotive Retail North America Automotive Retail International Digital Marketing Total Balance as of June 30, 2015 $ 430.3 $ 403.5 $ 376.1 $ 1,209.9 Additions (Note 3) 16.8 — — 16.8 Measurement period adjustment (Note 3) (3.0 ) — — (3.0 ) Currency translation adjustments (1.3 ) (20.2 ) — (21.5 ) Balance as of March 31, 2016 $ 442.8 $ 383.3 $ 376.1 $ 1,202.2 Components of intangible assets, net were as follows: March 31, 2016 June 30, 2015 Original Cost Accumulated Amortization Intangible Assets, net Original Cost Accumulated Amortization Intangible Assets, net Software $ 142.4 $ (94.1 ) $ 48.3 $ 115.6 $ (92.0 ) $ 23.6 Customer lists 177.1 (115.3 ) 61.8 199.1 (125.5 ) 73.6 Trademarks 25.0 (23.3 ) 1.7 25.0 (22.9 ) 2.1 Other intangibles 3.1 (2.8 ) 0.3 2.4 (2.4 ) — $ 347.6 $ (235.5 ) $ 112.1 $ 342.1 $ (242.8 ) $ 99.3 In October 2014 following the spin-off from ADP, the Company evaluated its branding strategy and the trademark names under which each of its businesses will operate. The Company determined that the Cobalt trademark used by the Digital Marketing segment will no longer be used. Therefore, the Company revised the estimated useful life assigned to the Cobalt trademark. The Company recognized accelerated amortization on the trademark of $15.6 million in cost of revenues during the nine months ended March 31, 2015. The effect of this change in estimate on both basic and diluted earnings per share, net of the related tax effect, was $0.06 for the nine months ended March 31, 2015. Other intangibles consist primarily of purchased rights, covenants, and patents (acquired directly or through acquisitions). All of the intangible assets have finite lives and, as such, are subject to amortization. The weighted-average remaining useful life of intangible assets is 6 years ( 4 years for software and software licenses, 7 years for customer lists, and 3 years for trademarks). Amortization of intangible assets was $8.1 million and $7.0 million for the three months ended March 31, 2016 and 2015 , respectively, and $21.0 million and $37.5 million for the nine months ended March 31, 2016 and 2015 , respectively. Estimated amortization expenses of the Company's existing intangible assets as of March 31, 2016 were as follows: Amount Three months ending June 30, 2016 $ 8.2 Twelve months ending June 30, 2017 27.8 Twelve months ending June 30, 2018 23.0 Twelve months ending June 30, 2019 15.2 Twelve months ending June 30, 2020 8.8 Twelve months ending June 30, 2021 8.6 Thereafter 20.5 $ 112.1

Debt

Debt	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt Debt comprised of the following as of March 31, 2016 and June 30, 2015 : March 31, 2016 June 30, 2015 Revolving credit facility $ — $ — 2019 term loan facility 231.3 240.6 2020 term loan facility 246.9 — 3.30% senior notes, due 2019 250.0 250.0 4.50% senior notes, due 2024 500.0 500.0 Capital lease obligations 3.1 1.5 Unamortized debt financing costs (8.8 ) (8.0 ) Total debt and capital lease obligations 1,222.5 984.1 Current maturities of long-term debt and capital lease obligations 26.4 13.0 Total long-term debt and capital lease obligations $ 1,196.1 $ 971.1 Revolving Credit Facility The Company has a five -year senior unsecured revolving credit facility, which was undrawn as of March 31, 2016 and June 30, 2015. The revolving credit facility provides up to $300.0 million of borrowing capacity and includes a sub-limit of up to $100.0 million for loans in Euro and Sterling. In addition, the revolving credit facility contains an accordion feature that allows for an increase in the available borrowing capacity under the revolving credit facility of up to $100.0 million , subject to the agreement of lenders under the revolving credit facility or other financial institutions that become lenders to extend commitments as part of the increased revolving credit facility. Borrowings under the revolving credit facility are available for general corporate purposes. The revolving credit facility will mature on September 30, 2019 , subject to no more than two one -year extensions if lenders holding a majority of the revolving commitments approve such extensions. The revolving credit facility is unsecured and loans thereunder bear interest, at the Company's option, at (a) the rate at which deposits in the applicable currency are offered in the London interbank market (or, in the case of borrowings in Euro, the European interbank market) plus margins varying from 1.125% to 2.000% per annum based on the Company's senior, unsecured non-credit-enhanced, long-term debt ratings from Standard & Poor's Ratings Group and Moody's Investors Services Inc. (the "Ratings") or (b) solely in the case of U.S. dollar loans, (i) the highest of (A) the prime rate of JPMorgan Chase Bank, N.A., (B) a rate equal to the average of the overnight federal funds rate with a maturity of one day plus a margin of 0.500% per annum and (C) the rate at which dollar deposits are offered in the London interbank market for a one-month interest period plus 1.000% plus (ii) margins varying from 0.125% to 1.000% per annum based on the Ratings. The unused portion of the revolving credit facility is subject to commitment fees ranging from 0.125% to 0.350% per annum based on the Ratings. Term Loan Facilities The Company has two five -year $250.0 million senior unsecured term loan facilities that mature on September 16, 2019 (the "2019 term loan facility") and December 14, 2020 (the "2020 term loan facility"), respectively. The Company entered into the 2020 term loan facility on December 14, 2015. Borrowings under the 2020 term loan facility were used for general corporate purposes, which included the repurchase of shares of the Company's common stock as part of the new return of capital plan and pursuant to the accelerated share repurchase ("ASR") discussed further in Note 12. The 2019 term loan facility and 2020 term loan facility are together referred to as the "term loan facilities." The term loan facilities are both subject to amortization in equal quarterly installments of 1.25% of the aggregate principal amount of the term loans made on the respective closing dates, with any unpaid principal amount to be due and payable on the maturity date. The term loan facilities bear interest at the same calculations as are applicable to dollar loans under the revolving credit facility. The interest rate per annum on the term loan facilities was 1.94% as of March 31, 2016 , and the interest rate for the 2019 loan facility was 1.69% as of June 30, 2015 . Restrictive Covenants and Other Matters The revolving credit facility and the term loan facilities are together referred to as the "credit facilities." The credit facilities contain various covenants and restrictive provisions that limit the Company's subsidiaries' ability to incur additional indebtedness; the Company's ability to consolidate or merge with other entities; and the Company's subsidiaries' ability to incur liens, enter into sale and leaseback transactions, and enter into agreements restricting the ability of the Company's subsidiaries to pay dividends. If the Company fails to perform the obligations under these and other covenants, the credit facilities could be terminated and any outstanding borrowings, together with accrued interest, under the credit facilities could be declared immediately due and payable. The credit facilities also have, in addition to customary events of default, an event of default triggered by the acceleration of the maturity of any other indebtedness the Company may have in an aggregate principal amount in excess of $75.0 million . The credit facilities also contain financial covenants that provide that (i) the ratio of total consolidated indebtedness to consolidated EBITDA shall not exceed 3.50 to 1.00 and (ii) the ratio of consolidated EBITDA to consolidated interest expense shall be a minimum of 3.00 to 1.00 . Senior Notes On October 14, 2014 , the Company completed an offering of 3.30% senior notes with a $250.0 million aggregate principal amount due in 2019 (the "2019 notes") and 4.50% senior notes with a $500.0 million aggregate principal amount due in 2024 (the "2024 notes" and together with the 2019 notes, the "senior notes"). The issuance price of the senior notes was equal to the stated value. Interest is payable semi-annually on April 15 and October 15 of each year, and payment commenced on April 15, 2015 . The interest rate payable on each applicable series of senior notes is subject to adjustment from time to time if the credit ratings assigned to any series of senior notes by the rating agencies is downgraded (or subsequently upgraded). The 2019 notes will mature on October 15, 2019 , and the 2024 notes will mature on October 15, 2024 . The senior notes are general unsecured obligations of the Company and are not guaranteed by any of the Company's subsidiaries. The senior notes rank equally in right of payment with the Company's existing and future unsecured unsubordinated obligations, including the credit facilities. The senior notes contain covenants restricting the Company's ability to incur additional indebtedness secured by liens, engage in sale/leaseback transactions, and merge, consolidate, or transfer all or substantially all of the Company's assets. The senior notes are redeemable at the Company's option prior to September 15, 2019 for the 2019 notes and prior to July 15, 2024 for the 2024 notes at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the senior notes to be redeemed, and (ii) the sum of the present value of the remaining scheduled payments (as defined in the agreement), plus in each case, accrued and unpaid interest thereon. Subsequent to September 15, 2019 and July 15, 2024, the redemption price for the 2019 notes and the 2024 notes, respectively, will equal 100% of the aggregate principal amount of the notes redeemed, plus accrued and unpaid interest thereon. The senior notes are also subject to a change of control provision whereby each holder of the senior notes has the right to require the Company to purchase all or a portion of such holder's senior notes at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest upon the occurrence of both a change of control and a decline in the rating of the senior notes. Capital Lease Obligations The Company has lease agreements for equipment, which are classified as capital lease obligations. The Company recognized the capital lease obligations and related leased equipment assets based on the present value of the minimum lease payments at lease inception. Unamortized Debt Financing Costs As of March 31, 2016 and June 30, 2015 , gross debt issuance costs related to debt instruments were $11.1 million and $9.2 million , respectively, net of accumulated amortization of $2.3 million and $1.2 million , respectively. Additional debt issuance costs of $2.1 million were capitalized for the 2020 term loan facility. Debt financing costs are amortized over the terms of the related debt instruments to interest expense on the consolidated and combined statements of operations. The Company's aggregate scheduled maturities of the long-term debt and capital lease obligations as of March 31, 2016 were as follows: Amount Twelve months ending March 31, 2017 $ 26.4 Twelve months ending March 31, 2018 26.3 Twelve months ending March 31, 2019 25.4 Twelve months ending March 31, 2020 456.3 Twelve months ending March 31, 2021 196.9 Thereafter 500.0 Total debt and capital lease obligations 1,231.3 Unamortized deferred financing costs (8.8 ) Total debt and capital lease obligations, net of unamortized deferred financing costs $ 1,222.5

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Incentive Equity Awards Converted from ADP Awards On October 1, 2014, ADP's outstanding equity awards for employees of the Company were converted into equity awards of CDK at a ratio of 2.757 CDK equity awards for every ADP equity award held immediately prior to the spin-off. The converted equity awards have the same terms and conditions as the ADP equity awards. As a result, the Company issued 2.3 million stock options with a weighted-average exercise price of $19.64 , 0.7 million time-based restricted shares, and 0.2 million performance-based restricted shares upon completion of the conversion of existing ADP equity awards into the Company's equity awards. As the conversion was considered a modification of an award in accordance with ASC 718, "Compensation - Stock Compensation," the Company compared the fair value of the award immediately prior to the spin-off to the fair value immediately after the spin-off to measure the incremental compensation cost. The fair values immediately prior to and after spin-off were estimated using a binomial option pricing model. The conversion resulted in an increase in the fair value of the awards by $1.4 million , which was recognized in net earnings following the spin-off through March 31, 2016 . Incentive Equity Awards Granted by the Company The 2014 Omnibus Award Plan ("2014 Plan") provides for the granting of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, other stock-based awards, and performance compensation awards to employees, directors, officers, consultants, and advisors, and those of the Company's affiliates. The 2014 Plan provides for an aggregate of 12.0 million shares of the Company's common stock to be reserved for issuance and is effective for a period of ten years . Prior to the spin-off, all employee equity awards (stock options and restricted stock) were granted by ADP. All subsequent awards, including all incentive equity awards converted from ADP awards, were granted under the 2014 Plan. The Company recognizes stock-based compensation expense associated with employee equity awards in net earnings based on the fair value of the awards on the date of grant. Stock-based compensation primarily consisted of the following for the three and nine months ended March 31, 2016 and 2015 : Stock Options. Stock options are granted to employees at exercise prices equal to the fair market value of the Company's common stock on the date of grant. Stock options are issued under a graded vesting schedule and generally have a term of ten years . Compensation expense is measured based on the fair value of the stock option on the grant date and recognized over the requisite service period for each separately vesting portion of the stock option award. Stock options are generally forfeited if the employee ceases to be employed by the Company prior to vesting. Time-Based Restricted Stock and Time-Based Restricted Stock Units. Time-based restricted stock and restricted stock units generally vest over a two - to five -year period. Awards are generally forfeited if the employee ceases to be employed by the Company prior to vesting. Time-based restricted stock cannot be transferred during the vesting period. Compensation expense related to the issuance of time-based restricted stock is measured based on the fair value of the award on the grant date and recognized on a straight-line basis over the vesting period. Employees are eligible to receive dividends on the CDK shares awarded under the time-based restricted stock program. Time-based restricted stock units are primarily settled in cash, but may also be settled in stock. Compensation expense related to the issuance of time-based restricted stock units is recorded over the vesting period and is initially based on the fair value of the award on the grant date. Cash-settled, time-based restricted stock units are subsequently remeasured at each reporting date during the vesting period to the current stock value. No dividend equivalents are paid on units awarded under the time-based restricted stock unit program during the restricted period. Performance-Based Restricted Stock and Performance-Based Restricted Stock Units. Performance-based restricted stock generally vests over a one -year performance period and performance-based restricted stock units generally vest over a three -year performance period. Under these programs, the Company communicates "target awards" at the beginning of the performance period with possible payouts at the end of the performance period ranging from 0% to 250% of the "target awards." Certain performance-based awards are further subject to adjustment (increase or decrease) based on a market condition defined as total shareholder return of the Company's common stock compared to a peer group of companies. Awards are generally forfeited if the employee ceases to be employed by the Company prior to vesting. Performance-based restricted stock cannot be transferred during the vesting period. Compensation expense related to the issuance of performance-based restricted stock is measured based upon the fair value of the award on the grant date and recognized on a straight-line basis over the vesting period, based upon the probability that the performance target will be met. After the performance period, if the performance targets are achieved, employees are eligible to receive dividends on the CDK shares awarded under the performance-based restricted stock program. Performance-based restricted stock units are settled in either cash or stock, depending on the employee’s home country, and cannot be transferred during the vesting period. Compensation expense related to the issuance of performance-based restricted stock units settled in cash is recorded over the vesting period, is initially based on the fair value of the award on the grant date, and is subsequently remeasured at each reporting date to the current stock value during the one -year performance period, based upon the probability that the performance target will be met. Compensation expense related to the issuance of performance-based restricted stock units settled in stock is recorded over the vesting period based on the fair value of the award on the grant date. Prior to settlement, dividend equivalents are paid on awards under the performance-based restricted stock unit program. The following table represents stock-based compensation expense and the related income tax benefits for the three and nine months ended March 31, 2016 and 2015 , respectively: Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Cost of revenues $ 1.7 $ 2.0 $ 4.3 $ 5.8 Selling, general and administrative expenses 11.0 6.6 21.2 16.2 Total pre-tax stock-based compensation expense $ 12.7 $ 8.6 $ 25.5 $ 22.0 Income tax benefit $ 4.8 $ 2.9 $ 9.2 $ 7.8 Stock-based compensation expense for the nine months ended March 31, 2016 consisted of $23.3 million of expense related to equity classified awards and $2.2 million of expense related to liability classified awards. Stock-based compensation expense for the three and nine months ended March 31, 2016 includes $3.5 million of incremental stock-based compensation expense for awards that were modified or expense recognition that was accelerated related to the Transition and Release Agreement entered into with Mr. Anenen on February 2, 2016. As of March 31, 2016 , the total unrecognized compensation cost related to non-vested stock options, restricted stock units, and restricted stock awards was $1.7 million , $25.5 million , and $12.5 million , respectively, which will be amortized over the weighted-average remaining requisite service periods of 1.8 years , 1.7 years , and 1.4 years , respectively. The activity related to the Company's incentive equity awards from June 30, 2015 to March 31, 2016 consisted of the following: Stock Options Number of Options (in thousands) Weighted Average Exercise Price (in dollars) Options outstanding as of June 30, 2015 2,021 $ 24.88 Options granted 147 50.80 Options exercised (331 ) 16.64 Options canceled (142 ) 17.08 Options outstanding as of March 31, 2016 1,695 $ 27.43 Time-Based Restricted Stock and Time-Based Restricted Stock Units Number of Shares (in thousands) Number of Units (in thousands) Non-vested restricted shares/units as of June 30, 2015 967 300 Restricted shares/units granted 248 183 Restricted shares/units vested (465 ) (187 ) Restricted shares/units forfeited (82 ) (14 ) Non-vested restricted shares/units as of March 31, 2016 668 282 Performance-Based Restricted Stock and Performance-Based Restricted Stock Units Number of Shares (in thousands) Number of Units (in thousands) Non-vested restricted shares/units as of June 30, 2015 70 222 Restricted shares/units granted — 397 Dividend equivalents — 4 Restricted shares/units vested (70 ) (8 ) Restricted shares/units forfeited — (35 ) Non-vested restricted shares/units as of March 31, 2016 — 580 During the fiscal year ending June 30, 2016, the Company began reissuing treasury stock to satisfy exercises of stock options and issuances of vested restricted stock and restricted stock units. The following table presents the assumptions used to determine the fair value of stock options granted during the nine months ended March 31, 2016 : Risk-free interest rate 1.8 % Dividend yield 0.9 % Weighted-average volatility factor 24.7 % Weighted-average expected life (in years) 6.3 Weighted-average fair value (in dollars) $ 12.55

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Tax Matters Agreement The Company and ADP entered into a tax matters agreement as part of the spin-off that governs the rights and obligations of both parties after the spin-off with respect to taxes for both pre and post spin-off periods. Under this agreement, ADP is generally required to indemnify the Company for any income taxes attributable to ADP's operations or the Company's operations and for any non-income taxes attributable to ADP's operations, in each case for all pre spin-off periods as well as any taxes arising from transactions effected to consummate the spin-off, and the Company generally is required to indemnify ADP for any non-income taxes attributable to the Company's operations for all pre spin-off periods and for any income taxes attributable to the Company's operations for post spin-off periods. The Company is generally required to indemnify ADP against any tax resulting from the spin-off (and against any claims made against ADP in respect of any tax imposed on its stockholders), in each case if that tax results from (i) an issuance of a significant amount of the Company's equity securities, a redemption of a significant amount of the Company's equity securities or the Company's involvement in other significant acquisitions of the Company's equity securities (excluding the spin-off), (ii) other actions or failures to act by the Company, or (iii) any of the Company's representations or undertakings referred to in the tax matters agreement being incorrect or violated. ADP will generally be required to indemnify the Company for any tax resulting from the spin-off if that tax results from (a) ADP's issuance of its equity securities, redemption of its equity securities or involvement in other acquisitions of its equity securities, (b) other actions or failures to act by ADP, or (c) any of ADP's representations or undertakings referred to in the tax matters agreement being incorrect or violated. The Company recognized receivables from ADP of $1.0 million and $0.5 million as of March 31, 2016 and June 30, 2015 , respectively, and payables to ADP of $2.6 million and $3.7 million as of March 31, 2016 and June 30, 2015 , respectively, under the tax matters agreement. Valuation Allowance The Company had valuation allowances of $32.8 million and $33.4 million as of March 31, 2016 and June 30, 2015 , respectively. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will expire unutilized. At the end of each reporting period, the Company reviews the realizability of its deferred tax assets. During the nine months ended March 31, 2016 , the valuation allowance balance was adjusted for current year deferred tax movements and currency exchange fluctuations. Unrecognized Income Tax Benefits As of March 31, 2016 and June 30, 2015 , the Company had unrecognized income tax benefits of $3.8 million and $1.9 million , respectively, of which $2.8 million and $1.6 million , respectively, would impact the effective tax rate if recognized. During the nine months ended March 31, 2016 , the Company increased its unrecognized income tax benefits related to current and prior year tax positions by $1.9 million based on information that indicates the extent to which certain tax positions are more likely than not of being sustained. Provision for Income Taxes The effective tax rate for the three months ended March 31, 2016 and 2015 was 29.1% and 36.0% , respectively. The effective tax rate for the three months ended March 31, 2016 was favorably impacted by a $5.4 million tax benefit related to the domestic production activities deduction, of which $2.7 million relates to the fiscal year ended June 30, 2015 and $2.7 million relates to the nine months ended March 31, 2016. The tax benefit represents a change from prior estimates regarding qualifying activities determined upon filing the federal income tax return for the fiscal year ended June 30, 2015 in March 2016. The effective tax rate for the three months ended March 31, 2016 was also favorably impacted by $1.4 million of tax benefit associated with the cumulative effect of a reduction in the annual effective tax rate due primarily to lower non-deductible stock-based compensation and a net $1.2 million return-to-provision adjustment. These favorable effects were partially offset by expense of $3.4 million associated with the recognition of a deferred tax liability for undistributed foreign earnings. The effective tax rate for the nine months ended March 31, 2016 and 2015 was 33.6% and 38.3% , respectively. The effective tax rate for the nine months ended March 31, 2016 was favorably impacted by a tax benefit related to the domestic production activities deduction, a non-taxable indemnification gain of $2.6 million recorded in other income, a tax benefit associated with the cumulative effect of a reduction in the annual effective tax rate due primarily to lower non-deductible stock-based compensation, a net return-to-provision adjustment, and a tax benefit associated with pre spin-off tax refunds, partially offset by the recognition of a deferred tax liability for undistributed foreign earnings. The effective tax rate for the nine months ended March 31, 2015 was unfavorably impacted by certain separation costs that were not tax deductible and $4.6 million of tax expense associated with the tax law change for bonus depreciation, partially offset by tax benefits associated with a valuation allowance adjustment and the resolution of certain tax matters.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is subject to various claims and litigation in the normal course of business. When a loss is considered probable and reasonably estimable, the Company records a liability in the amount of its best estimate for the ultimate loss. There can be no assurance that these matters will be resolved in a manner that is not adverse to the Company. In the normal course of business, the Company may enter into contracts in which it makes representations and warranties that relate to the performance of the Company’s services and products. The Company does not expect any material losses related to such representations and warranties.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income ("AOCI")	9 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (AOCI)	Accumulated Other Comprehensive Income ("AOCI") Comprehensive income is a measure of income that includes both net earnings and other comprehensive income (loss). Other comprehensive income (loss) results from items deferred on the consolidated balance sheets in CDK stockholders' equity. The Company's other comprehensive income (loss) for the three and nine months ended March 31, 2016 and 2015 and AOCI balances as of March 31, 2016 and June 30, 2015 were comprised solely of currency translation adjustments. Other comprehensive income (loss) was $6.4 million and $(23.2) million for the three months ended March 31, 2016 and 2015 , respectively, and was $(25.4) million and $(40.1) million for the nine months ended March 31, 2016 and 2015 , respectively. The accumulated balances reported in AOCI on the consolidated balance sheets for currency translation adjustments were $26.2 million and $51.6 million as of March 31, 2016 and June 30, 2015 , respectively.

Share Repurchase Transactions

Share Repurchase Transactions	9 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Share Repurchase Transactions	Share Repurchase Transactions In December 2015, the Board of Directors authorized the Company to repurchase up to $1.0 billion of its common stock. Under the authorization for the stock repurchase program, the Company may purchase its common stock in the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The actual timing, number, and price of any shares to be repurchased will be determined at management's discretion and will depend on a number of factors, which may include the market price of the shares, general market and economic conditions, and other potential uses for free cash flow. This authorization superseded and replaced the prior authorization by the Board of Directors which was approved on January 20, 2015 and had authorized the Company to repurchase up to 10.0 million shares of its common stock. The Company repurchased a total of approximately 1.2 million shares of its common stock under the prior authorization. On December 14, 2015 , the Company entered into an ASR agreement to purchase $250.0 million of the Company's common stock. Under the terms of the ASR, the Company made a $250.0 million payment on December 15, 2015 and received an initial delivery of approximately 4.3 million shares of the Company's common stock. The payment was recorded as a reduction to stockholders' equity, consisting of a $200.0 million increase to treasury stock, which reflects the value of the 4.3 million shares received upon initial settlement, and a $50.0 million decrease in additional paid-in-capital, which reflects the value of stock held back. The final number of shares to be purchased will be calculated based on the average of the daily volume-weighted average price of the Company's common stock during the term of the ASR transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR agreement. The final settlement of the ASR is expected to occur no later than the end of the Company's fiscal year ending June 30, 2016 and may result in the receipt or delivery of additional shares of common stock.

Transactions with ADP

Transactions with ADP	9 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Transactions with ADP	Transactions with ADP Prior to the spin-off, the Company entered into a transition services agreement with ADP to provide for an orderly transition to being an independent company. Among the principal services to be provided by ADP to the Company were operational and administrative infrastructure-related services, such as use of the e-mail domain “adp.com,” facilities sharing, procurement support, tax, human resources administrative services and services related to back office support, and software development in ADP's Indian facilities. Among the principal services to be provided by the Company to ADP were operational and administrative infrastructure-related services, such as facilities sharing, and human resources administrative services. The agreement expired and services under it ceased on September 30, 2015, the one year anniversary of the spin-off. The Company entered into a data services agreement with ADP prior to the spin-off under which ADP will provide the Company with certain data center sharing services relating to the provision of information technology, platform support, hosting, and network services. The term of the agreement will expire two years after the spin-off date. The Company entered into an intellectual property transfer agreement with ADP prior to the spin-off under which ADP assigned to the Company certain patents, trademarks, copyrights, and other intellectual property developed or owned by ADP or certain of its subsidiaries and with respect to which the Company is the primary or exclusive user today or the anticipated primary or exclusive user in the future. The term of the agreement is perpetual after the spin-off date. The Company also entered into an employee matters agreement with ADP prior to the spin-off pursuant to which certain employee benefit matters will be addressed, such as the treatment of ADP options held by Company employees after the spin-off and the treatment of benefits for Company management employees who participate in and have accrued benefits under the ADP Supplemental Officers Retirement Plan. The agreement also, to the extent provided therein, delineates the benefit plans and programs in which the Company's employees participate following the spin-off. ADP will remain responsible for the payment of all benefits under the ADP plans. For the three and nine months ended March 31, 2016 , the Company recorded $0.4 million and $2.1 million , respectively, of expenses related to the transition services agreement and $1.5 million and $6.0 million , respectively, of expenses related to the data services agreement in the accompanying financial statements. For the three and nine months ended March 31, 2015 , the Company recorded $6.1 million and $12.9 million of expense related to the transition services agreement, respectively, and $3.5 million and $6.8 million of expense related to the data services agreement in the accompanying financial statements related to these agreements, respectively. As of March 31, 2016 and June 30, 2015 , the Company had amounts payable to ADP under the transition services and data services agreements of $0.6 million and $7.8 million , respectively.

Interim Financial Data by Segme

Interim Financial Data by Segment	9 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Interim Financial Data by Segment	Interim Financial Data by Segment The Company manages its business operations through strategic business units. The Company's reportable segments represent its strategic business units, or operating segments, which include: Automotive Retail North America, Automotive Retail International, and Digital Marketing. The primary components of the Other segment are corporate allocations and other expenses not recorded in the segment results, such as stock-based compensation expense, corporate costs, separation costs, interest expense, costs attributable to the business transformation plan, the trademark royalty fee charged by ADP prior to the spin-off, and certain unallocated expenses. Certain expenses are charged to the reportable segments at a standard rate for management reasons. Other costs are recorded based on management responsibility. During the three months ended September 30, 2015, the Company began to report segment revenues and earnings before income taxes using actual foreign exchange rates. Previously, the Company's revenues and earnings before income taxes for each segment were adjusted to reflect budgeted foreign exchange rates, which resulted in a reconciling item for foreign exchange so as to present segment results on a consistent basis without the impact of fluctuations in foreign currency exchange rates. Segment information for the three and nine months ended March 31, 2015 has been updated to conform to the new presentation and the effect of foreign exchange now resides within each reportable segment's revenues and earnings before income taxes. Segment results: Revenues Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Automotive Retail North America $ 344.5 $ 343.2 $ 1,010.3 $ 999.9 Automotive Retail International 77.3 77.5 234.3 246.1 Digital Marketing 115.9 105.7 327.8 314.4 Total $ 537.7 $ 526.4 $ 1,572.4 $ 1,560.4 Earnings before Income Taxes Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Automotive Retail North America $ 114.5 $ 102.0 $ 326.6 $ 288.3 Automotive Retail International 15.2 12.2 45.3 40.2 Digital Marketing (1) 17.6 10.5 39.7 14.2 Other (2) (68.7 ) (33.7 ) (130.4 ) (110.1 ) Total $ 78.6 $ 91.0 $ 281.2 $ 232.6 (1) Digital Marketing includes $15.6 million of accelerated amortization during the nine months ended March 31, 2015 attributable to the Cobalt trademark. (2) Other includes $0.6 million and $34.6 million of separation costs for the three and nine months ended March 31, 2015 , respectively.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect assets, liabilities, revenues, and expenses that are reported in the accompanying financial statements and footnotes thereto. Actual results may differ from those estimates. These financial statements present the consolidated and combined results of operations of the Company, which was under common control and common management by ADP until the spin-off. The historical financial results in the accompanying financial statements presented may not be indicative of the results that would have been achieved had the Company operated as a separate, stand-alone entity.
Revenue Recognition	Revenue Recognition. Revenues are generated from software licenses, hosting arrangements, hardware sales and leases, support and maintenance, professional services, advertising, and digital marketing, as well as certain transactional services. The Company recognizes software related revenue (on-site) in accordance with the provisions of ASC 985-605, “Software-Revenue Recognition,” and non-software related revenues, upfront hardware sales, and software delivered under a hosted model in accordance with ASC 605, "Revenue Recognition." In general, revenue is recognized when all of the following criteria have been met: • persuasive evidence of an arrangement exists; • delivery has occurred or services have been rendered; • fees are fixed or determinable; and • collection of the revenue is reasonably assured. The following are the Company’s major components of revenue: • Bundled sales of Dealer Management Systems ("DMS") and integrated solutions. In the Automotive Retail North America and Automotive Retail International segments, the Company receives fees for product installation, fees for software licenses, ongoing software support and maintenance of DMS, and other integrated solutions that are either hosted by the Company or installed on-site at the customer’s location. Revenues for term licenses are recognized ratably over the software license term, as vendor-specific objective evidence of the fair values of the individual elements in the sales arrangement does not exist. Revenue recognition commences at the installation dates, when customer acceptance has occurred, and collectability of a determinable amount is probable. In the case of hosted applications, the customer does not have the contractual right to take possession of the software and the items delivered at the outset of the contract (e.g., installation, training, etc.) do not have value to the customer without the software license and ongoing support and maintenance. Any upfront fees charged in the case of hosted arrangements are recognized ratably over the expected benefit period of the arrangement, typically five years . The unrecognized portion of these revenue elements is recorded as deferred revenue. The Company also offers various hardware elements in connection with DMS and integrated solution sales, which in some instances are considered sales-type leases under ASC 840, "Leases." Revenues related to leased hardware are recognized upon installation and receivables are recorded based on the present value of the minimum lease payments at the beginning of the lease term. Effective July 1, 2015, for new arrangements, the Company offers hardware on a service basis, meaning no specific assets are identified or a substantive right of substitution exists. Hardware service revenues are recognized over the life of the arrangements. As a result, the legacy portfolio of sales-type lease receivables is expected to decline over time. • Transactional revenues. The Company receives revenues on a fee per transaction processed basis in connection with providing auto retailers interfaces with third parties to process credit reports, vehicle registrations, data updates, and automotive equity mining. Transactional revenues are recorded in accordance with ASC 605, "Revenue Recognition." Delivery occurs at the time the services are rendered. Transactional revenues are recorded in revenues gross of costs incurred for credit report processing, vehicle registrations, and automotive equity mining as the Company is contractually responsible for providing the service, software, and/or connectivity to the customers, and therefore, the Company is the primary obligor under ASC 605, "Revenue Recognition." • Digital Marketing services. The Company receives revenues from the placement of advertising for customers and providing websites and related advertising and marketing services. Digital marketing revenues are recorded in accordance with ASC 605, "Revenue Recognition" as delivery occurs at the time the services are rendered. Taxes collected from customers and remitted to governmental authorities are presented on a net basis; that is, such taxes are excluded from revenues.
Deferred Costs	Deferred Costs. Costs to deliver services are expensed to cost of revenues as incurred with the exception of specific costs directly related to transition or installation activities, including payroll-related costs for the Company's implementation and training teams, as well as commission costs for the sale. These costs are deferred and expensed proportionately over the same period that the deferred revenues are recognized as revenues. Deferred amounts are monitored regularly to ensure appropriate asset and expense recognition.
Computer Software to be Sold, Leased or Otherwise Marketed	Computer Software to be Sold, Leased, or Otherwise Marketed. The Company's policy provides for the capitalization of certain costs of computer software to be sold, leased, or otherwise marketed. The Company's policy provides for the capitalization of all software production costs upon reaching technological feasibility for a specific product. Technological feasibility is attained when software products have a completed working model whose consistency with the overall product design has been confirmed by testing. Costs incurred prior to the establishment of technological feasibility are expensed as incurred. The establishment of technological feasibility requires judgment by management and in many instances is only attained a short time prior to the general release of the software. Maintenance-related costs are expensed as incurred.
Stock-Based Compensation	Stock-Based Compensation. Certain employees (a) have been granted stock options to purchase shares of the Company’s common stock and (b) have been granted restricted stock or restricted stock units under which shares of the Company's common stock vest based on the passage of time or achievement of performance conditions. The Company recognizes stock-based compensation expense in net earnings based on the fair value of the award on the date of the grant. The Company determines the fair value of stock options issued using a binomial option pricing model. The binomial option-pricing model considers a range of assumptions related to volatility, dividend yield, risk-free interest rate, and employee exercise behavior. Expected volatilities utilized in the binomial option pricing model are based on a combination of implied market volatilities and historical volatilities of peer companies. Similarly, the dividend yield is based on historical experience and expected future dividend payments. The risk-free rate is derived from the U.S. Treasury yield curve in effect at the time of grant. The binomial option pricing model also incorporates exercise and forfeiture assumptions based on an analysis of historical data. The expected life of a stock option grant is derived from the output of the binomial model and represents the period of time that options granted are expected to be outstanding. The grant date fair value of restricted stock and restricted stock units that vest upon achievement of service conditions is based on the closing price of the Company's common stock on the date of grant. The Company also grants performance-based awards that vest over a performance period. Certain performance-based awards are further subject to adjustment (increase or decrease) based on a market condition defined as total shareholder return of the Company’s common stock compared to a peer group of companies. The fair value of performance-based awards subject to a market condition is determined using a Monte Carlo simulation model. The principal variable assumptions utilized in determining the grant date fair value of performance-based awards subject to a market condition include the risk-free rate, stock volatility, dividend yield, and correlations between the Company's stock price and the stock prices of the peer group of companies.
Fair Value of Financial Instruments	Fair Value of Financial Instruments. The Company determines the fair value of financial instruments in accordance with accounting standards pertaining to fair value measurements. Such standards define fair value and establish a framework for measuring fair value in accordance with GAAP. Cash and cash equivalents, accounts receivable, other current assets, accounts payable, and other current liabilities are reflected in the consolidated balance sheets at cost, which approximates fair value due to the short-term nature of these instruments. The carrying value of the Company's term loan facilities (as described in Note 7), including accrued interest, approximates fair value based on the Company's current estimated incremental borrowing rate for similar types of arrangements.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." ASU 2015-17 requires that deferred tax assets and liabilities be classified as non-current in a classified statement of financial position. The current requirement that deferred tax assets and liabilities of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this ASU. ASU 2015-17 is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods, with early adoption permitted. The Company elected to adopt ASU 2015-17 during the three months ended December 31, 2015 on a prospective basis. The Company concluded that the simplified presentation requirement permitted by ASU 2015-17 is preferable because the current and non-current classification does not necessarily reflect when the temporary difference will reverse and become a taxable or deductible item. As a result, deferred tax assets and liabilities are presented as long-term in the consolidated balance sheet as of March 31, 2016. Because ASU 2015-17 was adopted prospectively, the Company did not adjust the classification of deferred tax assets and liabilities in the consolidated balance sheet as of June 30, 2015. The consolidated balance sheet as of June 30, 2015 includes current deferred tax assets of $13.0 million , which are included within other current assets, and current deferred tax liabilities of $1.4 million , which are included within accrued expenses and other current liabilities. In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." ASU 2015-16 eliminates the requirement to retrospectively account for measurement period adjustments and allows such adjustments to be recorded to goodwill in the reporting period in which the adjustments to the provisional amounts are determined. ASU 2015-16 is effective for financial statements issued for annual periods beginning after December 15, 2015, and interim periods within those annual periods, with early adoption permitted. The Company elected to adopt ASU 2015-16 during the three months ended March 31, 2016. In May 2015, the FASB issued ASU 2015-05, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement." ASU 2015-05 requires that if the arrangement contains a software license, the customer would account for the fees related to the software license element in a manner consistent with how the acquisition of other software licenses is accounted for under ASC 350-40; if the arrangement does not contain a software license, the customer would account for the arrangement as a service contract. ASU 2015-05 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015, with early adoption permitted. The Company elected to adopt ASU 2015-05 during the three months ended March 31, 2016 on a prospective basis. Depending on the nature and purpose of the cloud-based software, expenses will be recognized in cost of revenues or selling, general, and administrative expenses. Recently Issued Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, "Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." ASU 2016-09 simplifies several aspects of accounting for share-based payment transactions, including income tax consequences, accounting for forfeitures, classification of awards as either equity or liability, and classification on the statement of cash flows. The simplification of income tax accounting for share-based payment transactions also impacts the computation of weighted-average diluted shares outstanding under the treasury stock method. ASU 2016-09 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2016, with early adoption permitted. While the Company is still evaluating the impact ASU 2016-09 will have on the consolidated results of operations, financial condition, and cash flows, the Company's effective tax rate will be impacted by the classification of excess tax benefits and tax deficiencies in income tax expense and the classification of excess tax benefits in the statement of cash flows will change. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." ASU 2016-02 requires that lessees recognize right-of-use assets and lease liabilities for any lease classified as either a finance or operating lease that is not considered short-term. The accounting applied by lessors is largely consistent from the existing lease standard. ASU 2016-02 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2018. Lessees and lessors will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company has obligations under lease agreements for facilities and equipment, which are classified as operating leases under the existing lease standard. While the Company is still evaluating the impact ASU 2016-02 will have on the consolidated results of operations, financial condition, and cash flows, the Company's financial statements will reflect an increase in both assets and liabilities due to the requirement to recognize right-of-use assets and lease liabilities on the consolidated balance sheets for its facility and equipment leases. In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force)." ASU 2014-12 requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU 2014-12 is effective for annual, and interim periods within those annual periods, beginning after December 15, 2015. The adoption of ASU 2014-12 will not have an impact on the Company's consolidated results of operations, financial condition, or cash flows. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 requires an entity to recognize revenue depicting the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 will also result in enhanced revenue related disclosures. In July 2015, the FASB decided to defer the effective date of ASU 2014-09 by one year and subsequently issued ASU 2015-14 "Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date." As a result, this standard, and subsequent amendments thereto, will be effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2017. The Company is currently evaluating the impact of ASU 2014-09 on its consolidated results of operations, financial condition, or cash flows.

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Activity for Restructuring Expenses and Related Accruals	The following table summarizes the activity for the restructuring accrual for the nine months ended March 31, 2016 : Employee-Related Costs Contract Termination Costs Total Costs Balance as of June 30, 2015 $ 2.4 $ — $ 2.4 Charges 10.3 1.5 11.8 Cash payments (4.9 ) (0.4 ) (5.3 ) Adjustments (0.4 ) — (0.4 ) Foreign exchange — — — Balance as of March 31, 2016 $ 7.4 $ 1.1 $ 8.5

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the components of basic and diluted earnings per share. Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Net earnings attributable to CDK $ 53.8 $ 56.3 $ 181.0 $ 137.7 Weighted-average shares outstanding: Basic 155.4 160.6 157.8 160.7 Effect of employee stock options 0.5 0.7 0.5 0.4 Effect of employee restricted stock 0.4 0.6 0.4 0.4 Diluted 156.3 161.9 158.7 161.5 Basic earnings attributable to CDK per share $ 0.35 $ 0.35 $ 1.15 $ 0.86 Diluted earnings attributable to CDK per share $ 0.34 $ 0.35 $ 1.14 $ 0.85
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share	The weighted-average number of shares outstanding used in the calculation of diluted earnings per share does not include the effect of the following anti-dilutive securities. Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Stock-based awards 0.4 0.3 0.4 0.3

Goodwill and Intangible Asset25

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Goodwill	Changes in goodwill for the nine months ended March 31, 2016 were as follows: Automotive Retail North America Automotive Retail International Digital Marketing Total Balance as of June 30, 2015 $ 430.3 $ 403.5 $ 376.1 $ 1,209.9 Additions (Note 3) 16.8 — — 16.8 Measurement period adjustment (Note 3) (3.0 ) — — (3.0 ) Currency translation adjustments (1.3 ) (20.2 ) — (21.5 ) Balance as of March 31, 2016 $ 442.8 $ 383.3 $ 376.1 $ 1,202.2
Components of Intangible Assets, Net	Components of intangible assets, net were as follows: March 31, 2016 June 30, 2015 Original Cost Accumulated Amortization Intangible Assets, net Original Cost Accumulated Amortization Intangible Assets, net Software $ 142.4 $ (94.1 ) $ 48.3 $ 115.6 $ (92.0 ) $ 23.6 Customer lists 177.1 (115.3 ) 61.8 199.1 (125.5 ) 73.6 Trademarks 25.0 (23.3 ) 1.7 25.0 (22.9 ) 2.1 Other intangibles 3.1 (2.8 ) 0.3 2.4 (2.4 ) — $ 347.6 $ (235.5 ) $ 112.1 $ 342.1 $ (242.8 ) $ 99.3
Estimated Amortization Expenses of the Company's Existing Intangible Assets	Estimated amortization expenses of the Company's existing intangible assets as of March 31, 2016 were as follows: Amount Three months ending June 30, 2016 $ 8.2 Twelve months ending June 30, 2017 27.8 Twelve months ending June 30, 2018 23.0 Twelve months ending June 30, 2019 15.2 Twelve months ending June 30, 2020 8.8 Twelve months ending June 30, 2021 8.6 Thereafter 20.5 $ 112.1

Debt (Tables)

Debt (Tables)	9 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt	Debt comprised of the following as of March 31, 2016 and June 30, 2015 : March 31, 2016 June 30, 2015 Revolving credit facility $ — $ — 2019 term loan facility 231.3 240.6 2020 term loan facility 246.9 — 3.30% senior notes, due 2019 250.0 250.0 4.50% senior notes, due 2024 500.0 500.0 Capital lease obligations 3.1 1.5 Unamortized debt financing costs (8.8 ) (8.0 ) Total debt and capital lease obligations 1,222.5 984.1 Current maturities of long-term debt and capital lease obligations 26.4 13.0 Total long-term debt and capital lease obligations $ 1,196.1 $ 971.1
Aggregate Scheduled Maturities of Long-term Debt	The Company's aggregate scheduled maturities of the long-term debt and capital lease obligations as of March 31, 2016 were as follows: Amount Twelve months ending March 31, 2017 $ 26.4 Twelve months ending March 31, 2018 26.3 Twelve months ending March 31, 2019 25.4 Twelve months ending March 31, 2020 456.3 Twelve months ending March 31, 2021 196.9 Thereafter 500.0 Total debt and capital lease obligations 1,231.3 Unamortized deferred financing costs (8.8 ) Total debt and capital lease obligations, net of unamortized deferred financing costs $ 1,222.5

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation Expense and Related Income Tax Benefits	The following table represents stock-based compensation expense and the related income tax benefits for the three and nine months ended March 31, 2016 and 2015 , respectively: Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Cost of revenues $ 1.7 $ 2.0 $ 4.3 $ 5.8 Selling, general and administrative expenses 11.0 6.6 21.2 16.2 Total pre-tax stock-based compensation expense $ 12.7 $ 8.6 $ 25.5 $ 22.0 Income tax benefit $ 4.8 $ 2.9 $ 9.2 $ 7.8
Activity Related to the Company's Incentive Equity Awards	The activity related to the Company's incentive equity awards from June 30, 2015 to March 31, 2016 consisted of the following: Stock Options Number of Options (in thousands) Weighted Average Exercise Price (in dollars) Options outstanding as of June 30, 2015 2,021 $ 24.88 Options granted 147 50.80 Options exercised (331 ) 16.64 Options canceled (142 ) 17.08 Options outstanding as of March 31, 2016 1,695 $ 27.43 Time-Based Restricted Stock and Time-Based Restricted Stock Units Number of Shares (in thousands) Number of Units (in thousands) Non-vested restricted shares/units as of June 30, 2015 967 300 Restricted shares/units granted 248 183 Restricted shares/units vested (465 ) (187 ) Restricted shares/units forfeited (82 ) (14 ) Non-vested restricted shares/units as of March 31, 2016 668 282 Performance-Based Restricted Stock and Performance-Based Restricted Stock Units Number of Shares (in thousands) Number of Units (in thousands) Non-vested restricted shares/units as of June 30, 2015 70 222 Restricted shares/units granted — 397 Dividend equivalents — 4 Restricted shares/units vested (70 ) (8 ) Restricted shares/units forfeited — (35 ) Non-vested restricted shares/units as of March 31, 2016 — 580
Assumptions Used To Estimate Fair Value For Stock Options Granted	The following table presents the assumptions used to determine the fair value of stock options granted during the nine months ended March 31, 2016 : Risk-free interest rate 1.8 % Dividend yield 0.9 % Weighted-average volatility factor 24.7 % Weighted-average expected life (in years) 6.3 Weighted-average fair value (in dollars) $ 12.55

Interim Financial Data by Seg28

Interim Financial Data by Segment (Tables)	9 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Revenue and Earnings Before Taxes, by Segment	Segment results: Revenues Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Automotive Retail North America $ 344.5 $ 343.2 $ 1,010.3 $ 999.9 Automotive Retail International 77.3 77.5 234.3 246.1 Digital Marketing 115.9 105.7 327.8 314.4 Total $ 537.7 $ 526.4 $ 1,572.4 $ 1,560.4 Earnings before Income Taxes Three Months Ended Nine Months Ended March 31, March 31, 2016 2015 2016 2015 Automotive Retail North America $ 114.5 $ 102.0 $ 326.6 $ 288.3 Automotive Retail International 15.2 12.2 45.3 40.2 Digital Marketing (1) 17.6 10.5 39.7 14.2 Other (2) (68.7 ) (33.7 ) (130.4 ) (110.1 ) Total $ 78.6 $ 91.0 $ 281.2 $ 232.6 (1) Digital Marketing includes $15.6 million of accelerated amortization during the nine months ended March 31, 2015 attributable to the Cobalt trademark. (2) Other includes $0.6 million and $34.6 million of separation costs for the three and nine months ended March 31, 2015 , respectively.

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($)	Sep. 30, 2014	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Class of Stock [Line Items]
Separation costs		$ 0	$ 600,000	$ 0	$ 34,600,000
Current deferred costs		104,500,000		104,500,000		$ 105,300,000
Long-term deferred costs		138,200,000		138,200,000		144,700,000
Software, costs incurred prior to the establishment of technological feasibility		43,200,000	43,300,000	121,800,000	127,200,000
Senior Notes
Class of Stock [Line Items]
Long-term debt		750,000,000		750,000,000
Fair Value, Inputs, Level 2 | Senior Notes
Class of Stock [Line Items]
Approximate aggregate fair value of senior notes		740,300,000		$ 740,300,000
Software Service, Support and Maintenance Arrangement
Class of Stock [Line Items]
Recognition period for upfront charges related to software licenses, support and maintenance				5 years
ADP
Class of Stock [Line Items]
Royalty fees		0	0	$ 0	5,700,000
Cost of services received from affiliated companies		0	0	0	5,500,000
Notes receivable from ADP and its affiliates		0		0		0
Notes payable to ADP and its affiliates		0		0		$ 0
Interest income on notes receivable from affiliated parties		0	0	0	200,000
Interest expense on notes payable with affiliated parties		0	0	0	200,000
Overhead Expense
Class of Stock [Line Items]
Allocated expenses from services provided by ADP		0	0	0	7,100,000
Payroll Processing
Class of Stock [Line Items]
Allocated expenses from services provided by ADP		$ 0	$ 0	$ 0	$ 400,000
Common Stock
Class of Stock [Line Items]
Shares of CDK distributed to ADP shareholders of record, common stock, in percentage	100.00%

Basis of Presentation - Spin-of

Basis of Presentation - Spin-off Common Stock Issued (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of shares issued previously reported in connection with the spin-off	156.3	161.9	158.7	161.5
Correction of common stock issued in connection with the spin-off and dividends paid (Note 1D)			$ 0.4
Common Stock
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Correction of common stock issued in connection with the spin-off and dividends paid (in shares)			1
Retained Earnings
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Correction of common stock issued in connection with the spin-off and dividends paid (Note 1D)			$ 0.4
Scenario, Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of shares issued previously reported in connection with the spin-off			160.6
Adjustments | Common Stock
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Correction of common stock issued in connection with the spin-off and dividends paid (in shares)			1

New Accounting Pronouncements -

New Accounting Pronouncements - Balance Sheet Classification of Deferred Taxes (Details) - New Accounting Pronouncement, Early Adoption, Effect $ in Millions	Jun. 30, 2015USD ($)
New Accounting Pronouncement, Early Adoption [Line Items]
Current deferred tax assets	$ 13
Current deferred tax liabilities	$ 1.4

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	Feb. 01, 2016	Mar. 31, 2016	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Business Acquisition [Line Items]
Initial cash price			$ 18	$ 0
Goodwill		$ 1,202.2	$ 1,202.2		$ 1,209.9
Weighted-average useful life			6 years
Measurement period adjustment related to the acquisition, goodwill			$ (3)
RedBumper, LLC and NewCarIQ, LLC
Business Acquisition [Line Items]
Total consideration to be transferred	$ 32.4
Initial cash price	17.7
Liability for contingent consideration	14.3
Contingent consideration payments		$ 0.3
Minimum contingent consideration payable under the asset purchase agreements	$ 14.7
Contingent consideration, payment period	4 years
Estimated fair value of acquired software intangible assets	$ 15
Estimated fair value of acquired other assets	0.6
Goodwill	$ 16.8
Weighted-average useful life	8 years
AVRS, Inc.
Business Acquisition [Line Items]
Measurement period adjustment related to the acquisition, goodwill			$ (3)

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Business transformation plan, number of years					3 years
Expected total restructuring expenses	$ 80		$ 80
Restructuring expenses	7.7	$ 0	11.4	$ 0
Recognized cumulative restructuring expenses	$ 13.8		$ 13.8

Restructuring - Activity for Re

Restructuring - Activity for Restructuring Expenses and Related Accruals (Details) $ in Millions	9 Months Ended
	Mar. 31, 2016USD ($)
Restructuring Reserve
Balance as of June 30, 2015	$ 2.4
Charges	11.8
Cash payments	(5.3)
Adjustments	(0.4)
Foreign exchange	0
Balance as of March 31, 2016	8.5
Employee-Related Costs
Restructuring Reserve
Balance as of June 30, 2015	2.4
Charges	10.3
Cash payments	(4.9)
Adjustments	(0.4)
Foreign exchange	0
Balance as of March 31, 2016	7.4
Contract Termination Costs
Restructuring Reserve
Balance as of June 30, 2015	0
Charges	1.5
Cash payments	(0.4)
Adjustments	0
Foreign exchange	0
Balance as of March 31, 2016	$ 1.1

Earnings per Share - Components

Earnings per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net earnings attributable to CDK	$ 53.8	$ 56.3	$ 181	$ 137.7
Weighted-average shares outstanding:
Basic (shares)	155.4	160.6	157.8	160.7
Effect of employee stock options (shares)	0.5	0.7	0.5	0.4
Effect of employee restricted stock (shares)	0.4	0.6	0.4	0.4
Diluted (shares)	156.3	161.9	158.7	161.5
Basic earnings attributable to CDK per share (usd per share)	$ 0.35	$ 0.35	$ 1.15	$ 0.86
Diluted earnings attributable to CDK per share (usd per share)	$ 0.34	$ 0.35	$ 1.14	$ 0.85

Earnings per Share - Antidiluti

Earnings per Share - Antidilutive Securities Excluded from Computation of Diluted Earnings per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Stock-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock-based awards (shares)	0.4	0.3	0.4	0.3

Goodwill and Intangible Asset37

Goodwill and Intangible Assets, Net - Changes In Goodwill (Details) $ in Millions	9 Months Ended
	Mar. 31, 2016USD ($)
Changes in Goodwill
Balance as of June 30, 2015	$ 1,209.9
Additions (Note 3)	16.8
Measurement period adjustment (Note 3)	(3)
Currency translation adjustments	(21.5)
Balance as of March 31, 2016	1,202.2
Automotive Retail North America
Changes in Goodwill
Balance as of June 30, 2015	430.3
Additions (Note 3)	16.8
Measurement period adjustment (Note 3)	(3)
Currency translation adjustments	(1.3)
Balance as of March 31, 2016	442.8
Automotive Retail International
Changes in Goodwill
Balance as of June 30, 2015	403.5
Additions (Note 3)	0
Measurement period adjustment (Note 3)	0
Currency translation adjustments	(20.2)
Balance as of March 31, 2016	383.3
Digital Marketing
Changes in Goodwill
Balance as of June 30, 2015	376.1
Additions (Note 3)	0
Measurement period adjustment (Note 3)	0
Currency translation adjustments	0
Balance as of March 31, 2016	$ 376.1

Goodwill and Intangible Asset38

Goodwill and Intangible Assets, Net - Components Of Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Original Cost	$ 347.6	$ 342.1
Accumulated Amortization	(235.5)	(242.8)
Intangible Assets, net	112.1	99.3
Software
Finite-Lived Intangible Assets [Line Items]
Original Cost	142.4	115.6
Accumulated Amortization	(94.1)	(92)
Intangible Assets, net	48.3	23.6
Customer lists
Finite-Lived Intangible Assets [Line Items]
Original Cost	177.1	199.1
Accumulated Amortization	(115.3)	(125.5)
Intangible Assets, net	61.8	73.6
Trademarks
Finite-Lived Intangible Assets [Line Items]
Original Cost	25	25
Accumulated Amortization	(23.3)	(22.9)
Intangible Assets, net	1.7	2.1
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Original Cost	3.1	2.4
Accumulated Amortization	(2.8)	(2.4)
Intangible Assets, net	$ 0.3	$ 0

Goodwill and Intangible Asset39

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 8.1	$ 7	$ 21	$ 37.5
Weighted average remaining useful life			6 years
Trademarks
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets				$ 15.6
Accelerated amortization effect on earnings per share after tax (in usd per share)				$ 0.06
Weighted average remaining useful life			3 years
Software
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life			4 years
Customer lists
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life			7 years

Goodwill and Intangible Asset40

Goodwill and Intangible Assets, Net - Schedule Of Finite-Lived Intangible Assets, Future Amortization Expense (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Three months ending June 30, 2016	$ 8.2
Twelve months ending June 30, 2017	27.8
Twelve months ending June 30, 2018	23
Twelve months ending June 30, 2019	15.2
Twelve months ending June 30, 2020	8.8
Twelve months ending June 30, 2021	8.6
Thereafter	20.5
Intangible Assets, net	$ 112.1	$ 99.3

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Debt Instrument [Line Items]
Long-term debt and capital lease obligations, gross	$ 1,231.3
Unamortized debt financing costs	(8.8)	$ (8)
Total debt and capital lease obligations, net of unamortized deferred financing costs	1,222.5	984.1
Current maturities of long-term debt and capital lease obligations	26.4	13
Total long-term debt and capital lease obligations	1,196.1	971.1
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt and capital lease obligations, gross	0	0
Term loan facilities | 2019 term loan facility
Debt Instrument [Line Items]
Long-term debt and capital lease obligations, gross	231.3	240.6
Term loan facilities | 2020 term loan facility
Debt Instrument [Line Items]
Long-term debt and capital lease obligations, gross	246.9	0
Senior Notes | 3.30% senior notes, due 2019
Debt Instrument [Line Items]
Long-term debt and capital lease obligations, gross	250	250
Senior Notes | 4.50% senior notes, due 2024
Debt Instrument [Line Items]
Long-term debt and capital lease obligations, gross	500	500
Capital lease obligations
Debt Instrument [Line Items]
Long-term debt and capital lease obligations, gross	$ 3.1	$ 1.5

Debt - Narrative (Details)

Debt - Narrative (Details)	Dec. 14, 2015USD ($)	Oct. 14, 2014USD ($)	Sep. 16, 2014USD ($)extension	Mar. 31, 2016USD ($)loan	Jun. 30, 2015USD ($)
Debt Instrument [Line Items]
Debt issuance costs, gross				$ 11,100,000	$ 9,200,000
Accumulated amortization of debt issuance costs				$ 2,300,000	$ 1,200,000
Term loan facilities
Debt Instrument [Line Items]
Debt instrument, number of loans | loan				2
Term loan facilities | 2019 term loan facility
Debt Instrument [Line Items]
Debt instrument, term			5 years
Loan, face amount			$ 250,000,000
Periodic payment of principal, in percentage, term loan			1.25%
Annual interest rate on loan facility				1.94%	1.69%
Term loan facilities | 2020 term loan facility
Debt Instrument [Line Items]
Debt instrument, term	5 years
Loan, face amount	$ 250,000,000
Periodic payment of principal, in percentage, term loan	1.25%
Annual interest rate on loan facility				1.94%
Debt issuance costs, gross				$ 2,100,000
Credit Facilities
Debt Instrument [Line Items]
Maximum ratio of indebtedness to EBITDA			350.00%
Minimum ratio of EBITDA to Interest expense			300.00%
Credit Facilities | Maximum
Debt Instrument [Line Items]
Maximum aggregate principal amount of accelerated maturity of other indebtedness allowed			$ 75,000,000
Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage, subject to change of control provision and decline in rating		101.00%
Senior Notes | 3.30% senior notes, due 2019
Debt Instrument [Line Items]
Loan, face amount		$ 250,000,000
Interest rate		3.30%
Senior Notes | 4.50% senior notes, due 2024
Debt Instrument [Line Items]
Loan, face amount		$ 500,000,000
Interest rate		4.50%
Senior Notes | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Redemption price, percentage, minimum		100.00%
Senior Notes | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Redemption price, percentage, minimum		100.00%
Revolving credit facility
Debt Instrument [Line Items]
Debt instrument, term			5 years
Revolving credit facility, maximum borrowing capacity			$ 300,000,000
Revolving credit facility, Euro or Sterling sublimit			100,000,000
Line of credit facility accordion feature			$ 100,000,000
Line of credit, number of one-year extensions | extension			2
Revolving credit facility term extension period			1 year
Revolving credit facility | Prime Rate | JP Morgan Chase Bank
Debt Instrument [Line Items]
Description of variable rate basis, line of credit			prime rate
Revolving credit facility | Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate, line of credit			0.50%
Description of variable rate basis, line of credit			federal funds rate
Revolving credit facility | One-Month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate, line of credit			1.00%
Revolving credit facility | Minimum
Debt Instrument [Line Items]
Commitment fee percentage on unused portion of the revolving credit facility			0.125%
Revolving credit facility | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate, line of credit			1.125%
Revolving credit facility | Minimum | One-Month LIBOR
Debt Instrument [Line Items]
Additional basis spread on variable rate, line of credit			0.125%
Revolving credit facility | Maximum
Debt Instrument [Line Items]
Commitment fee percentage on unused portion of the revolving credit facility			0.35%
Revolving credit facility | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate, line of credit			2.00%
Revolving credit facility | Maximum | One-Month LIBOR
Debt Instrument [Line Items]
Additional basis spread on variable rate, line of credit			1.00%

Debt - Schedule of Maturities (

Debt - Schedule of Maturities (Details) - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Debt Disclosure [Abstract]
Twelve months ending March 31, 2017	$ 26.4
Twelve months ending March 31, 2018	26.3
Twelve months ending March 31, 2019	25.4
Twelve months ending March 31, 2020	456.3
Twelve months ending March 31, 2021	196.9
Thereafter	500
Total debt and capital lease obligations	1,231.3
Unamortized deferred financing costs	(8.8)	$ (8)
Total debt and capital lease obligations, net of unamortized deferred financing costs	$ 1,222.5	$ 984.1

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Millions	Oct. 01, 2014USD ($)$ / sharesshares	Mar. 31, 2016USD ($)shares	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)$ / sharesshares	Mar. 31, 2015USD ($)
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense		$ 12.7	$ 8.6	$ 25.5	$ 22
Chief Executive Officer
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Incremental stock-based compensation expense for awards that were modified or accelerated		3.5		3.5
Equity Classified Awards Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense				23.3
Liability Classified Awards Expense
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense				$ 2.2
Employee Stock Option
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Converted equity awards, stock options issued (in shares) | shares				147,000
Converted equity awards, weighted average exercise price (usd per share) | $ / shares				$ 16.64
Award expiration term				10 years
Total unrecognized compensation cost		$ 1.7		$ 1.7
Weighted-average remaining requisite vesting period				1 year 9 months 18 days
Performance-Based Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award vesting period				1 year
Performance-Based Restricted Stock Units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award vesting period				3 years
Stock Compensation Plan | 2014 Omnibus Award Plan
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Number of shares authorized | shares		12,000,000		12,000,000
Award expiration term				10 years
Time-Based Restricted Stock and Time-Based Restricted Stock Units | Minimum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award vesting period				2 years
Time-Based Restricted Stock and Time-Based Restricted Stock Units | Maximum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award vesting period				5 years
Performance-Based Restricted Stock and Performance-Based Restricted Stock Units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award performance period				1 year
Performance-Based Restricted Stock and Performance-Based Restricted Stock Units | Minimum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award vesting based on performance period and targets, percentage				0.00%
Performance-Based Restricted Stock and Performance-Based Restricted Stock Units | Maximum
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Award vesting based on performance period and targets, percentage				250.00%
Restricted Stock Units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total unrecognized compensation cost		$ 25.5		$ 25.5
Weighted-average remaining requisite vesting period				1 year 8 months 12 days
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total unrecognized compensation cost		$ 12.5		$ 12.5
Weighted-average remaining requisite vesting period				1 year 4 months 24 days
Spinoff
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Conversion of existing equity awards to new awards, ratio	2.757
Converted equity awards, change in fair value	$ 1.4
Spinoff | Employee Stock Option
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Converted equity awards, stock options issued (in shares) | shares	2,300,000
Converted equity awards, weighted average exercise price (usd per share) | $ / shares	$ 19.64
Spinoff | Time-Based Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Converted equity awards, stock options issued (in shares) | shares	700,000
Spinoff | Performance-Based Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Converted equity awards, stock options issued (in shares) | shares	200,000

Stock-Based Compensation - Comp

Stock-Based Compensation - Components Of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Pre-tax stock-based compensation expense	$ 12.7	$ 8.6	$ 25.5	$ 22
Income tax benefit	4.8	2.9	9.2	7.8
Cost of revenues
Defined Benefit Plan Disclosure [Line Items]
Pre-tax stock-based compensation expense	1.7	2	4.3	5.8
Selling, general and administrative expenses
Defined Benefit Plan Disclosure [Line Items]
Pre-tax stock-based compensation expense	$ 11	$ 6.6	$ 21.2	$ 16.2

Stock-Based Compensation - Acti

Stock-Based Compensation - Activity Related to the Company's Incentive Equity Awards (Details) shares in Thousands	9 Months Ended
	Mar. 31, 2016$ / sharesshares
Employee Stock Option
Number of Options (in shares)
Options outstanding as of June 30, 2015 (in shares)	2,021
Options granted (in shares)	147
Options exercised (in shares)	(331)
Options canceled (in shares)	(142)
Options outstanding as of March 31, 2016 (in shares)	1,695
Weighted Average Exercise Price (in usd per share)
Options outstanding as of June 30, 2015 (usd per share) | $ / shares	$ 24.88
Options granted (usd per share) | $ / shares	50.80
Options exercised (usd per share) | $ / shares	16.64
Options canceled (usd per share) | $ / shares	17.08
Options outstanding as of March 31, 2016 (usd per share) | $ / shares	$ 27.43
Time-Based Restricted Stock
Restricted Stock and Restricted Stock Units (in shares)
Non-vested restricted shares/units as of June 30, 2015 (in shares)	967
Restricted shares/units granted (in shares)	248
Restricted shares/units vested (in shares)	(465)
Restricted shares/units forfeited (in shares)	(82)
Non-vested restricted shares/units as of March 31, 2016 (in shares)	668
Time-Based Restricted Stock Units
Restricted Stock and Restricted Stock Units (in shares)
Non-vested restricted shares/units as of June 30, 2015 (in shares)	300
Restricted shares/units granted (in shares)	183
Restricted shares/units vested (in shares)	(187)
Restricted shares/units forfeited (in shares)	(14)
Non-vested restricted shares/units as of March 31, 2016 (in shares)	282
Performance-Based Restricted Stock
Restricted Stock and Restricted Stock Units (in shares)
Non-vested restricted shares/units as of June 30, 2015 (in shares)	70
Restricted shares/units granted (in shares)	0
Dividend equivalents (in shares)	0
Restricted shares/units vested (in shares)	(70)
Restricted shares/units forfeited (in shares)	0
Non-vested restricted shares/units as of March 31, 2016 (in shares)	0
Performance-Based Restricted Stock Units
Restricted Stock and Restricted Stock Units (in shares)
Non-vested restricted shares/units as of June 30, 2015 (in shares)	222
Restricted shares/units granted (in shares)	397
Dividend equivalents (in shares)	4
Restricted shares/units vested (in shares)	(8)
Restricted shares/units forfeited (in shares)	(35)
Non-vested restricted shares/units as of March 31, 2016 (in shares)	580

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions Used To Estimate Fair Value For Stock Options Granted (Details) - Employee Stock Option	9 Months Ended
	Mar. 31, 2016$ / shares
Assumptions used
Risk-free interest rate	1.80%
Dividend yield	0.90%
Weighted-average volatility factor	24.70%
Weighted-average expected life (in years)	6 years 3 months 18 days
Weighted-average fair value (in usd per share)	$ 12.55

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Related Party Transaction [Line Items]
Valuation allowances	$ 32,800,000		$ 32,800,000		$ 33,400,000
Unrecognized income tax benefits	3,800,000		3,800,000		1,900,000
Unrecognized income tax benefits that would impact effective tax rate, if recognized	$ 2,800,000		2,800,000		1,600,000
Unrecognized income tax benefits adjustment related to prior period tax positions			$ 1,900,000
Effective tax rate	29.10%	36.00%	33.60%	38.30%
Tax benefit related to lower non-deductible stock-based compensation	$ 1,400,000
Return-to-provision adjustment	1,200,000
Deferred tax liability for undistributed foreign earnings	3,400,000
Non-taxable indemnification gain			$ (2,600,000)
Tax expense associated with the tax law change for bonus depreciation				$ 4,600,000
Domestic
Related Party Transaction [Line Items]
Tax benefit related to domestic production activities deduction	5,400,000
Domestic | Tax Year 2015
Related Party Transaction [Line Items]
Tax benefit related to domestic production activities deduction	2,700,000
Domestic | Tax Year 2016
Related Party Transaction [Line Items]
Tax benefit related to domestic production activities deduction	2,700,000
ADP
Related Party Transaction [Line Items]
Receivables from ADP under the tax matters agreement	0		0		0
ADP | Income Tax
Related Party Transaction [Line Items]
Receivables from ADP under the tax matters agreement	1,000,000		1,000,000		500,000
Payables to ADP under the tax matters agreement	$ 2,600,000		$ 2,600,000		$ 3,700,000

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income ("AOCI") (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Equity [Abstract]
Other comprehensive income (loss)	$ 6.4	$ (23.2)	$ (25.4)	$ (40.1)
Currency translation adjustments, accumulated balances	$ 26.2		$ 26.2		$ 51.6

Share Repurchase Transactions (

Share Repurchase Transactions (Details) - USD ($)	Dec. 15, 2015	Mar. 31, 2016	Dec. 14, 2015	Jan. 20, 2015
Repurchase Authorization 2016
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount		$ 1,000,000,000
Repurchase Authorization 2015
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased				10,000,000
Number of shares repurchased		1,200,000
Accelerated Share Repurchase
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount			$ 250,000,000
Accelerated share repurchase, payment	$ 250,000,000
Accelerated share repurchase, number of initial shares received	4,300,000
Accelerated share repurchase, value of initial shares received	$ 200,000,000
Accelerated share repurchase, value of undelivered shares	$ 50,000,000

Transactions with ADP (Details)

Transactions with ADP (Details) - USD ($) $ in Millions	Sep. 29, 2014	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Transition Services
Related Party Transaction [Line Items]
Allocated expenses from services provided by ADP		$ 0.4	$ 6.1	$ 2.1	$ 12.9
Data Services
Related Party Transaction [Line Items]
Allocated expenses from services provided by ADP		1.5	$ 3.5	6	$ 6.8
ADP
Related Party Transaction [Line Items]
Amounts payable to ADP under agreements		$ 0.6		$ 0.6		$ 7.8
ADP | Transition Services
Related Party Transaction [Line Items]
Service agreements with ADP, term	1 year
ADP | Data Services
Related Party Transaction [Line Items]
Service agreements with ADP, term	2 years

Interim Financial Data by Seg52

Interim Financial Data by Segment - Revenue and Earnings Before Taxes by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Revenues	$ 537.7	$ 526.4	$ 1,572.4	$ 1,560.4
Earnings before Income Taxes	78.6	91	281.2	232.6
Accelerated amortization	8.1	7	21	37.5
Separation costs	0	0.6	0	34.6
Other
Segment Reporting Information [Line Items]
Earnings before Income Taxes	(68.7)	(33.7)	(130.4)	(110.1)
Automotive Retail North America | Operating Segments
Segment Reporting Information [Line Items]
Revenues	344.5	343.2	1,010.3	999.9
Earnings before Income Taxes	114.5	102	326.6	288.3
Automotive Retail International | Operating Segments
Segment Reporting Information [Line Items]
Revenues	77.3	77.5	234.3	246.1
Earnings before Income Taxes	15.2	12.2	45.3	40.2
Digital Marketing
Segment Reporting Information [Line Items]
Accelerated amortization				15.6
Digital Marketing | Operating Segments
Segment Reporting Information [Line Items]
Revenues	115.9	105.7	327.8	314.4
Earnings before Income Taxes	$ 17.6	$ 10.5	$ 39.7	$ 14.2