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DEBT (Tables)
 9 Months Ended
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