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Long-Term Debt | 12 Months Ended
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Jun. 30, 2012
Long-term Debt, Unclassified [Abstract] |
Long-Term Debt | LONG-TERM DEBT Long-term debt Long-term debt is comprised of the following:
| As of June 30, 2012 |  | As of June 30, 2011
Long-term debt |  |  |
Term Loan | $ | 585,000 |  |  | $ | 285,026 |
Mortgage | 11,374 |  |  | 12,552 |
| 596,374 |  |  | 297,578 |
Less: |  |  |
Current portion of long-term debt |  |  |
Term Loan | 30,000 |  |  | 2,993 |
Mortgage | 11,374 |  |  | 12,552 |
| 41,374 |  |  | 15,545 |
Non current portion of long-term debt | $ | 555,000 |  |  | $ | 282,033 |
Term Loan and Revolver On November 9, 2011, we and certain of our subsidiaries entered into a $700 million Amended and Restated Credit Agreement (the Agreement) with certain financial institutions. The Agreement provides for a $600 million term loan facility (the Term Loan) and a $100 million committed revolving credit facility (the Revolver). Borrowings under the Agreement are secured by a first charge over substantially all of our assets. On November 9, 2011, we borrowed $600 million under the Term Loan. The Term Loan has a five year term and repayments made under the Term Loan are equal to 1.25% of the original principal amount at each quarter for the first 2 years, 1.88% for years 3 and 4 and 2.5% for year 5. Our first quarterly principal payment of $7.5 million was paid during the third quarter of Fiscal 2012. The Term Loan bears interest at a floating rate of LIBOR plus 2.50%. For the year ended June 30, 2012, we recorded interest expense of $10.9 million relating to the Term Loan. For the year ended June 30, 2012, we recorded interest on our old term loan (up until November 9, 2011) of approximately $2.7 million (June 30, 2011— $7.3 million, June 30, 2010— $7.4 million). The Revolver has a 5 year term with no fixed repayment date prior to the end of the term. As of June 30, 2012, we have not drawn any amounts on the Revolver. On November 9, 2011, we used a portion of the proceeds from the Term Loan to repay all of our previously outstanding credit facility debt in the amount of $332.9 million. Mortgage In December 2005, we entered into a mortgage agreement with the bank. The principal amount of the mortgage was for Canadian $15.0 million and was scheduled to mature on July 1, 2012. Prior to the maturity date we entered into an extension. The mortgage is now considered an "open" mortgage where we can pay all or a portion of it on or before July 1, 2013. The mortgage was renewed without penalty. The principal amount of the mortgage did not change upon extension. Interest continues to accrue monthly at a variable rate of Canadian prime plus 0.50%. Principal and interest are payable in monthly installments of Canadian $0.1 million with a final lump sum principal payment due on maturity. The mortgage continues to be secured by a lien on our headquarters in Waterloo, Ontario, Canada. As of June 30, 2012, the carrying value of the mortgage was $11.4 million (June 30, 2011—$12.6 million). As of June 30, 2012, the carrying value of the Waterloo building that secures the mortgage was $16.3 million (June 30, 2011—$15.4 million). For the year ended June 30, 2012, we recorded interest expense of $0.4 million relating to the mortgage (June 30, 2011— $0.6 million, June 30, 2010— $0.6 million).

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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