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OTHER LONG-TERM LIABILITIES
12 Months Ended
Jun. 30, 2016
Other Long-Term Liabilities [Abstract]  
OTHER LONG-TERM LIABILITIES

NOTE 15. OTHER LONG-TERM LIABILITIES

Other long-term liabilities consisted of the following (in thousands):

 

 

 

June 30,

 

 

 

2016

 

 

2015

 

Deferred rent, net of current portion

 

$

32,907

 

 

$

28,038

 

Interest rate swap agreements

 

 

21,609

 

 

 

11,728

 

Deferred acquisition and contingent consideration

 

 

18,642

 

 

 

 

Deferred revenue

 

 

7,234

 

 

 

7,784

 

Accrued post-retirement obligations

 

 

6,569

 

 

 

6,103

 

Reserve for unrecognized tax benefits

 

 

249

 

 

 

5,880

 

Other

 

 

110

 

 

 

848

 

Total other long-term liabilities

 

$

87,320

 

 

$

60,381

 

 

Deferred rent liabilities result from recording rent expense and incentives for tenant improvements on a straight-line basis over the life of the respective lease.

Accrued post-retirement obligations include projected liabilities for benefits the Company is obligated to provide under long-term care, group health, and executive life insurance plans, each of which is unfunded. Plan benefits are provided to certain current and former executives, their dependents and other eligible employees, as defined. Post-retirement obligations also include accrued benefits under supplemental retirement benefit plans covering certain executives. The expense recorded under these plans was $0.4 million during the year ended June 30, 2016 and  $0.3 million during the year ended June 30, 2015, respectively.

The Company has entered into floating-to-fixed interest rate swap agreements related to a portion of the Company’s floating rate indebtedness (see Note 13).  The fair value of the swap agreements as of June 30, 2016 and 2015 is a liability of approximately $21.6 million and $11.7 million, respectively.