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DEBT (Tables) | 9 Months Ended
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Mar. 31, 2017
Debt Disclosure [Abstract] |
Schedule of debt | The following table summarizes our estimated debt and interest payment obligations as of March 31, 2017, for the remainder of fiscal 2017 and future fiscal years (in thousands):
| 2017 (remainder) |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | Thereafter |  | Total
Debt payment obligations | $ | 3,750 |  |  | $ | 15,000 |  |  | $ | 15,000 |  |  | $ | 192,250 |  |  | $ | — |  |  | $ | — |  |  | $ | 226,000 |
Interest and other payments on debt payment obligations (1) | 1,516 |  |  | 5,820 |  |  | 5,418 |  |  | 3,468 |  |  | — |  |  | — |  |  | 16,222 |
Total | $ | 5,266 |  |  | $ | 20,820 |  |  | $ | 20,418 |  |  | $ | 195,718 |  |  | $ | — |  |  | $ | — |  |  | $ | 242,222 |
(1) - Interest payments are calculated based on the applicable rates and payment dates as of March 31, 2017. Furthermore, two to three-month payment intervals on the revolving debt have been assumed, consistent with the Company's elections to date. Our Debt consisted of the following (in thousands):
| March 31, 2017 |  | June 30, 2016
Term Loan - short term | $ | 15,000 |  |  | $ | 11,250 |
Debt issuance costs, net (1) | (257 | ) |  | (257 | )
Total Debt - short term | 14,743 |  |  | 10,993 |
Term Loan - long term | 65,000 |  |  | 76,250 |
Revolver - long term | 146,000 |  |  | 116,000 |
Debt issuance costs, net (1) | (493 | ) |  | (686 | )
Total Debt - long term | $ | 210,507 |  |  | $ | 191,564 |
(1) On July 1 2016, the Company retrospectively adopted ASU 2015-03, which requires unamortized debt issuance costs to be included as a direct deduction from the related debt liability on the balance sheet. Under previous guidance, all unamortized debt issuance costs were reported as assets on the balance sheet. See Note 2 for information on the impact of the retrospective adoption of ASU 2015-03.
Summary of interest rates | The table below shows the respective interest rates as of March 31, 2017 in addition to interest rate reset dates and rates as available for each revolver draw.
|  | Interest Rate as of |  |  |  |
Debt Payment Obligations |  | March 31, 2017 |  | Rate Reset Date |  | Reset Rate
$15 Million Revolver |  | 2.51% |  | 4/10/2017 |  | #
$18 Million Revolver |  | 2.52% |  | 7/18/2017 |  | 2.66%
$16 Million Revolver |  | 2.53% |  | 5/15/2017 |  | *
$19 Million Revolver |  | 2.50% |  | 4/3/2017 |  | #
$48 Million Revolver |  | 2.55% |  | 5/30/2017 |  | *
$30 Million Revolver |  | 2.93% |  | 9/15/2017 |  | *
* - Reset rate not available as of filing date. # - Revolver repaid subsequent to March 31, 2017

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