Note 8 - Debt

9 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

8)     Debt

As of March 31, 2014, the Company’s debt is due as follows (in thousands):

Fiscal Year
2014	$	8
2015		15
2016		15
2017		45,015
2018		8
Thereafter		-
	$	45,061

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 March 31, 2014 the Company has used $11.3 million against the letter of credit sub-facility. The Company had the ability to borrow $168.7 million under the facility.

At March 31, 2014, the carrying value of the current borrowings under the facility approximated fair value.