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Note 8 - Debt

6 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

8) Debt

As of December 31, 2013, the Company’s debt is due as follows (in thousands):

Fiscal Year
2014		$	8
2015			15
2016			15
2017			46,015
2018			7
Thereafter			-
		$	46,060

Bank Credit Agreements

The Company has in place a five-year $225 million unsecured Revolving Credit Facility (“Credit Agreement”, “the facility”), which expires in January 2017 and includes a letter of credit sub-facility with a limit of $30 million and a $100 million accordion feature. As of December 31, 2013 the Company has used $10.8 million against the letter of credit sub-facility. The Company had the ability to borrow $168.2 million under the facility.

At December 31, 2013, the carrying value of the current borrowings under the facility approximated fair value.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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