XML 24 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt
6 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Debt
Debt
REVOLVING CREDIT FACILITY
On June 27, 2017, the Company amended its revolving credit facility to increase and extend the borrowing capacity of its existing revolving credit facility into a $400,000, 5-year revolving credit line expiring in June 2022 (“the Revolver”). As of December 31, 2017, the Company's outstanding balance of unamortized deferred financing costs was $5,991, which is being amortized to other (expense) income, net on a straight line basis over the new term of the Revolver. The Company drew $195,000 from the Revolver to facilitate the completion of the Merger Agreement for the acquisition of both Ceres and its wholly-owned subsidiary, Themis.
As of December 31, 2017, the Company was in compliance with all covenants and conditions under the Revolver and there were no outstanding borrowings against the revolver. There were outstanding letters of credit of $2,760 as of December 31, 2017.