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v3.7.0.1

DEBT (Details) $ in Thousands |  | 12 Months Ended |  |
--- | --- | --- | --- | ---
Jun. 02, 2017 USD ($) | Jun. 30, 2017 USD ($) | Jun. 30, 2016 USD ($) | Jun. 30, 2015 USD ($) | Jun. 01, 2017 USD ($) | Jun. 30, 2012 USD ($)
Long-term debt disclosure |  |  |  |  |  |
Principal |  | $ 620,000 | $ 645,000 |  |  |
Unamortized Discount |  | (25,251) | (36,943) |  |  |
Debt Issuance Costs |  | (8,579) | (7,372) |  |  |
Total debt |  | 586,170 | 600,685 |  |  |
Repayment of revolving credit facility |  | 95,000 | 75,000 |  |  |
Borrowings from revolving credit facility |  | 70,000 | 350,000 |  |  |
2019 Notes |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Principal |  | 370,000 | 370,000 |  |  |
Unamortized Discount |  | (25,251) | (36,943) |  |  |
Debt Issuance Costs |  | (2,646) | (3,934) |  |  |
Total debt |  | 342,103 | 329,123 |  |  |
Principal amount of debt issued |  |  |  |  |  | $ 370,000
Interest rate on convertible senior notes (as a percent) |  |  |  |  |  | 2.875%
Interest expense recognized |  | 23,600 | 22,800 | $ 22,100 |  |
Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Principal |  | 250,000 | 275,000 |  |  |
Debt Issuance Costs |  | (5,933) | (3,438) |  |  |
Total debt |  | 244,067 | 271,562 |  |  |
Interest expense recognized |  | 9,900 | $ 8,100 | $ 600 |  |
Maximum availability under the revolving credit facility | $ 1,000,000 |  |  |  | $ 650,000 |
Debt term | 5 years |  |  |  |  |
Repayment of revolving credit facility | $ 50,000 |  |  |  |  |
Borrowings from revolving credit facility | 250,000 |  |  |  |  |
Available under the revolving credit facility |  | $ 750,000 |  |  |  |
Increase in debt | 350,000 |  |  |  |  |
Amount of accordion feature | 250,000 |  |  |  |  |
Maximum availability including accordion | $ 1,250,000 |  |  |  |  |
Basis spread on interest rate (as a percent) |  | 1.75% |  |  |  |
Interest coverage ratio, minimum | 3.0 |  |  |  |  |
Leverage ratio, maximum | 3.5 |  |  |  |  |
Maximum leverage ratio after material permitted acquisition | 4.0 |  |  |  |  |
Period leverage ratio increases after material permitted acquisition | 2 months |  |  |  |  |
Material permitted acquisition threshold | $ 250,000 |  |  |  |  |
Effective interest rate (as percent) |  | 2.97% |  |  |  |
Federal Funds Effective Rate | Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Basis spread on interest rate (as a percent) | 0.50% |  |  |  |  |
LIBOR One Month | Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Basis spread on interest rate (as a percent) | 1.00% |  |  |  |  |
Minimum | Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Commitment fee (as a percent) | 0.25% |  |  |  |  |
Minimum | LIBOR | Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Basis spread on interest rate (as a percent) | 1.25% |  |  |  |  |
Minimum | Base Rate | Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Basis spread on interest rate (as a percent) | 0.25% |  |  |  |  |
Maximum | Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Commitment fee (as a percent) | 0.55% |  |  |  |  |
Maximum | LIBOR | Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Basis spread on interest rate (as a percent) | 2.75% |  |  |  |  |
Maximum | Base Rate | Credit Facility |  |  |  |  |  |
Long-term debt disclosure |  |  |  |  |  |
Basis spread on interest rate (as a percent) | 1.75% |  |  |  |  |

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