Note 19 - Fair Value of Financial Instruments and Non-Financial Assets and Liabilities

12 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

19. Fair Value of Financial Instruments and Non-Financial Assets and Liabilities

The Company’s financial assets and liabilities accounted for at fair value on a recurring basis and the level within the fair value hierarchy used to measure these items are as follows:

	Assets (Liabilities) at Fair Value as of June 30, 2013
	Level 1		Level 2			Level 3
Foreign exchange derivative contracts	$	—	$	3		$	—
Total assets	$	—	$	3		$	—
Interest rate derivative contract	$	—	$	(324	)	$	—
Total liabilities	$	—	$	(324	)	$	—

	Assets (Liabilities) at Fair Value as of June 24, 2012
	Level 1		Level 2			Level 3
Foreign exchange derivative contracts	$	—	$	28		$	—
Total assets	$	—	$	28		$	—
Interest rate derivative contracts	$	—	$	(1,015	)	$	—
Total liabilities	$	—	$	(1,015	)	$	—

The Company did not have any non-financial assets or liabilities that were required to be measured at fair value on a recurring basis.

Due to its most recent debt refinancing and modification, the Company believes that there have been no significant changes to its credit risk profile or the interest rates available to the Company for debt issuances with similar terms and average maturities and the Company estimates that the fair values of these long-term debt obligations approximate their carrying amounts. Other financial instruments include cash and cash equivalents, receivables, accounts payable and accrued expenses. The financial statement carrying amounts of these items approximate the fair value because of their short-term nature.