|
Note 1 - Basis of Presentation
|
6 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
1.
Basis of Presentation
References
in this Report on Form 10-Q to “we,”
“us,” “our,” “Celadon,”
or the “Company” or similar terms refer to
Celadon Group, Inc. and its consolidated subsidiaries. All
inter-company balances and transactions have been eliminated
in consolidation.
The
accompanying condensed consolidated unaudited financial
statements of Celadon Group, Inc. and its subsidiaries have
been prepared in accordance with accounting principles
generally accepted in the United States of America and
Regulation S-X, instructions to Form 10-Q, and other relevant
rules and regulations of the Securities and Exchange
Commission (the “SEC”), as applicable to the
preparation and presentation of interim financial
information. Certain information and footnote disclosures
have been omitted or condensed pursuant to such rules and
regulations. We believe all adjustments (consisting of normal
recurring adjustments) considered necessary for a fair
presentation have been included. Results of operations in
interim periods are not necessarily indicative of results for
a full year. These condensed consolidated unaudited financial
statements and notes thereto should be read in conjunction
with our consolidated financial statements and notes thereto
included in our Annual Report on Form 10-K for the year ended
June 30, 2012.
The
preparation of the financial statements in conformity with
GAAP requires management to make estimates and assumptions
that affect the amounts reported in the financial statements
and accompanying notes. Actual results could
differ from those estimates.
|