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Long-Term Debt | 3 Months Ended
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Sep. 30, 2013
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, 2013 |  | As of June 30, 2013
Long-term debt |  |  |
Term Loan | $ | 547,500 |  |  | $ | 555,000 |
Mortgage | 10,473 |  |  | 10,492 |
| 557,973 |  |  | 565,492 |
Less: |  |  |
Current portion of long-term debt |  |  |
Term Loan | 45,000 |  |  | 41,250 |
Mortgage | 10,473 |  |  | 10,492 |
| 55,473 |  |  | 51,742 |
Non current portion of long-term debt | $ | 502,500 |  |  | $ | 513,750 |
Term Loan and Revolver Our credit facility 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 facility are secured by a first charge over substantially all of our assets. We entered into this credit facility and borrowed the full amount under the Term Loan 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. For the three months ended June 30, 2013 and the three months ended September 30, 2013, the Term Loan bore interest at a floating rate of LIBOR plus 2.25%. The Term Loan continues to bear interest at the same rate. For Fiscal 2012 and the first nine months of Fiscal 2013, interest was at a floating rate of LIBOR plus 2.5%. For the three months ended September 30, 2013, we recorded interest expense of $3.5 million relating to the Term Loan (three months ended September 30, 2012—$4.1 million). The Revolver has a five year term with no fixed repayment date prior to the end of the term. As of September 30, 2013, 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, 2014. 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, 2013, the carrying value of the mortgage was $10.5 million (June 30, 2013—$10.5 million). As of September 30, 2013, the carrying value of the Waterloo building that secures the mortgage was $16.0 million (June 30, 2013—$16.1 million). For the three months ended September 30, 2013, we recorded interest expense of $0.1 million relating to the mortgage (three months ended September 30, 2012—$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 SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: 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 + Details
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