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OTHER LONG-TERM LIABILITIES
12 Months Ended
Jun. 30, 2020
Other Liabilities Noncurrent [Abstract]  
OTHER LONG-TERM LIABILITIES

NOTE 17. OTHER LONG-TERM LIABILITIES

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

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

Deferred rent, net of current portion

 

$

 

 

$

41,427

 

Interest rate swap agreements

 

 

43,168

 

 

 

12,264

 

Deferred and contingent acquisition consideration

 

 

740

 

 

 

6,510

 

Deferred revenue

 

 

6,507

 

 

 

7,445

 

Deferred payroll taxes

 

 

40,594

 

 

 

 

Accrued post-retirement obligations

 

 

6,715

 

 

 

5,982

 

Long-term incentive compensation

 

 

 

 

 

13,085

 

Reserve for unrecognized tax benefits

 

 

8,869

 

 

 

1,544

 

Transition tax

 

 

5,071

 

 

 

4,472

 

Other

 

 

17,040

 

 

 

15,203

 

Total other long-term liabilities

 

$

128,704

 

 

$

107,932

 

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 $1.2  million during the year ended June 30, 2020 and $0.4 million during the year ended June 30, 2019, 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 15).  See Note 23 for fair values of the swap agreements as of June 30, 2020 and 2019.