XML 67 R15.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 9 - Debt
 9 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

9)     Debt


As of March 31, 2015, the Company’s debt is due as follows (in thousands):


Fiscal Year

       

2015

  $ 5  

2016

    12  

2017

    12  

2018

    6  

2019

    -  

Thereafter

    129,800  
    $ 129,835  

Bank Credit Agreements


On December 19, 2014 the Company entered into an Amended and Restated Credit Agreement (“Credit Facility” or “facility”). This five-year Credit Facility expires in December 2019 and has a borrowing limit of $400 million, which can be increased by an amount of up to $100 million, in accordance with specified conditions contained in the agreement. The facility also includes a $10 million sublimit for swing line loans and a $30 million sublimit for letters of credit. The facility amends and restates a previously existing $225 million revolving credit agreement, which was scheduled to expire in January 2017. As of March 31, 2015 the Company has used $7.8 million against the letter of credit sub-facility and had the ability to borrow $210.3 million under the facility.


At March 31, 2015, the carrying value of the current borrowings under the facility approximates fair value.