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Long-Term Debt | 3 Months Ended
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Sep. 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 September 30, 2012 |  | As of June 30, 2012
Long-term debt |  |  |
Term Loan | $ | 577,500 |  |  | $ | 585,000 |
Mortgage | 11,682 |  |  | 11,374 |
| 589,182 |  |  | 596,374 |
Less: |  |  |
Current portion of long-term debt |  |  |
Term Loan | 30,000 |  |  | 30,000 |
Mortgage | 11,682 |  |  | 11,374 |
| 41,682 |  |  | 41,374 |
Non current portion of long-term debt | $ | 547,500 |  |  | $ | 555,000 |
Term Loan and Revolver Our term loan and revolver consists of a $600 million term loan facility (the Term Loan) and a $100 million committed revolving credit facility (the Revolver). Borrowings under the credit agreement are secured by a first charge over substantially all of our assets. We entered into and borrowed from this credit agreement on November 9, 2011. 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. Currently our quarterly principal payment amounts to $7.5 million. The Term Loan bears interest at a floating rate of LIBOR plus 2.50%. For the three months ended September 30, 2012, we recorded interest expense of approximately $4.1 million relating to the Term Loan. For the three months ended September 30, 2011, we recorded interest expense of $1.8 million relating to our previously outstanding term loan. The Revolver has a 5 year term with no fixed repayment date prior to the end of the term. As of September 30, 2012, we have not drawn any amounts on the Revolver. Mortgage We currently have an "open" mortgage with a bank where we can pay all or a portion of the mortgage on or before August 1, 2013. The original principal amount of the mortgage was Canadian $15.0 million and interest accrues 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 is secured by a lien on our headquarters in Waterloo, Ontario, Canada. We first entered into this mortgage in December 2005. As of September 30, 2012, the carrying value of the mortgage was $11.7 million (June 30, 2012—$11.4 million). As of September 30, 2012, the carrying value of the Waterloo building that secures the mortgage was $16.3 million (June 30, 2012—$16.3 million). For the three months ended September 30, 2012, we recorded interest expense of $0.1 million relating to the mortgage (three months ended September 30, 2011— $0.1 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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