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Long-Term Debt and Capital Leases | 12 Months Ended
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Jun. 30, 2015
Debt Disclosure [Abstract] |
LONG-TERM DEBT AND CAPITAL LEASES | LONG-TERM DEBT AND CAPITAL LEASES Long-term debt and capital lease obligations consisted of the following at June 30:
(in thousands) | 2015 |  |  | 2014 |
2.65% Senior Unsecured Notes due 2019 net of discount of $0.3 million for 2015 and $0.4 million for 2014 | $ | 399,671 |  |  | $ | 399,595 |
3.875% Senior Unsecured Notes due 2022 net of discount of $0.2 million for 2015 and $0.3 million for 2014 | 299,757 |  |  | 299,720 |
Credit Agreement: |  |  |
Euro-denominated borrowings, 0.9% to 1.1% in 2015 and 1.1% to 1.3% in 2014, due 2018 | 42,609 |  |  | 200,112 |
U.S. Dollar-denominated borrowings, 1.2% in 2015 and 2014, due 2018 | 200 |  |  | 87,000 |
Capital leases with terms expiring through 2018 at 1.6% to 5.4% in 2015 and 2014 | 1,771 |  |  | 2,886 |
Other | 6 |  |  | 15 |
Total debt and capital leases | 744,014 |  |  | 989,328 |
Less current maturities: |  |  |
Long-term debt | (8,049 | ) |  | (7,512 | )
Capital leases | (74 | ) |  | (135 | )
Other | (6 | ) |  | (15 | )
Total current maturities | (8,129 | ) |  | (7,662 | )
Long-term debt and capital leases, less current maturities | $ | 735,885 |  |  | $ | 981,666 |
Senior Unsecured Notes On November 7, 2012, we issued $400.0 million of 2.65 percent Senior Unsecured Notes due in 2019. Interest is paid semi-annually on May 1 and November 1 of each year. We used the net proceeds from this notes offering to repay outstanding indebtedness under our credit facility and for general corporate purposes. On February 14, 2012, we issued $300 million of 3.875 percent Senior Unsecured Notes due in 2022. Interest is paid semi-annually on February 15 and August 15 of each year. 2011 Credit Agreement The five-year, multi-currency, revolving credit facility (2011 Credit Agreement) permits revolving credit loans of up to $600 million for working capital, capital expenditures and general corporate purposes. The 2011 Credit Agreement matures in April 2018 and allows for borrowings in U.S. dollars, euro, Canadian dollars, pound sterling and Japanese yen. Interest payable under the 2011 Credit Agreement is based upon the type of borrowing under the facility and may be (1) LIBOR plus an applicable margin, (2) the greater of the prime rate or the Federal Funds effective rate plus an applicable margin, or (3) fixed as negotiated by us. The 2011 Credit Agreement requires us to comply with various restrictive and affirmative covenants, including two financial covenants: a maximum leverage ratio and a minimum consolidated interest coverage ratio (as those terms are defined in the agreement). We were in compliance with all covenants as of June 30, 2015. We had $42.8 million and $287.1 million of borrowings outstanding under the 2011 Credit Agreement as of June 30, 2015 and June 30, 2014, respectively. Borrowings under the 2011 Credit Agreement are guaranteed by our significant domestic subsidiaries. Future principal maturities of long-term debt are $8.0 million in 2016, $34.8 million in 2018, $399.7 million in 2020 and $299.8 million beyond 2020. Future minimum lease payments under capital leases for the next five years and thereafter in total are as follows:
(in thousands) |
2016 | $ | 76 |
2017 | 1,625 |
2018 | 199 |
2019 | — |
2020 | — |
After 2021 | — |
Total future minimum lease payments | 1,900 |
Less amount representing interest | (129 | )
Amount recognized as capital lease obligations | $ | 1,771 |
At June 30, 2015 and 2014 our collateralized debt consisted of capitalized lease obligations of $1.8 million and $2.9 million, respectively. The underlying assets collateralize these obligations.

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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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