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Note 9 - Debt
 3 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]

9)     Debt


At September 30, 2015 and June 30, 2015, we had debt issuance costs of $1.2 million and $1.3 million, respectively. The Company’s debt payments are due as follows (in thousands):


Fiscal Year

  

September 30, 2015

  

2016

   $ 12  

2017

     12  

2018

     6  

2019

     -  

2020

     105,500  

Thereafter

     -  

Funded Debt

     105,530  

Issuance cost

     (1,184 )

Debt net of issuance cost

   $ 104,346  

Bank Credit Agreements


During fiscal year 2015, 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. 


At September 30, 2015, the Company had standby letters of credit outstanding, primarily for insurance purposes, of $7.7 million and had the ability to borrow $247.6 million under the facility. At September 30, 2015, the carrying value of the current borrowings under the facility approximates fair value.