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OTHER LONG-TERM LIABILITIES

12 Months Ended

Jun. 30, 2015

Other Long-Term Liabilities [Abstract]

NOTE 15. OTHER LONG-TERM LIABILITIES

Other long-term liabilities consisted of the following (in thousands):

	June 30,
	2015		2014
Deferred rent, net of current portion	$	28,038	$	31,662
Interest rate swap agreements		11,728		7,774
Deferred revenue		7,784		8,397
Accrued post-retirement obligations		6,103		5,557
Reserve for unrecognized tax benefits		5,880		9,138
Other		848		825
Total other long-term liabilities	$	60,381	$	63,353

Deferred rent liabilities result from recording rent expense and incentives for tenant improvements on a straight-line basis over the life of the respective lease.

Accrued post-retirement obligations include projected liabilities for benefits the Company is obligated to provide under long-term care, group health, and executive life insurance plans, each of which is unfunded. Plan benefits are provided to certain current and former executives, their dependents and other eligible employees, as defined. Post-retirement obligations also include accrued benefits under supplemental retirement benefit plans covering certain executives. The expense recorded under these plans was $0.3 million and $0.3 million during the years ended June 30, 2015 and 2014, respectively.

The Company has entered into floating-to-fixed interest rate swap agreements related to a portion of the Company’s floating rate indebtedness (see Note 13). The fair value of the swap agreements as of June 30, 2015 and 2014 is a liability of approximately $11.7 million and $7.8 million, respectively.