INVESTMENTS IN AFFILIATES (Tables)

12 Months Ended

Jun. 30, 2014

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Schedule of carrying amount of investments in and loans to affiliates

The table below presents the carrying amount of investments in affiliates:

	June 30,
	2014		2013
	(Dollars in thousands)
Empire Education Group, Inc.	$	28,398	$	43,098
MY Style	213		221
	$	28,611	$	43,319

Schedule of summarized financial information of equity method investees

The table below presents summarized financial information of equity method investees based on audited results.

	Greater Than 50 Percent Owned (1)								Less Than 50 Percent Owned (2)
	2014			2013		2012			2014		2013		2012
	(Dollars in thousands)
Summarized Balance Sheet Information:
Current assets	$	54,774		$	35,900	$	56,516		$	—	$	—	$	84,700
Noncurrent assets	57,803			91,847		96,639			—		—		316,282
Current liabilities	24,797			25,317		61,074			—		—		106,995
Noncurrent liabilities	33,004			21,560		13,947			—		—		78,815
Summarized Statement of Operations Information:
Gross revenue	$	166,540		$	170,964	$	182,326		$	—	$	—	$	305,515
Gross profit	52,440			58,457		67,201			—		—		132,647
Operating (loss) income	(33,526		)	4,981		(1,335		)	—		—		35,569
Net (loss) income	(26,699		)	2,359		(7,211		)	—		—		24,067

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(1) Represents the summarized financial information of EEG. As EEG is a significant subsidiary for the fiscal year 2014 financial statements, the separate financial statements of EEG are included subsequent to the Company's financial statements. Gross profit includes depreciation and amortization expense of $5.8, $7.4, and $7.5 million for fiscal years 2014, 2013 and 2012, respectively.

(2) The Company previously owned a 46.7% equity interest in Provalliance. During fiscal year 2013, the Company completed the sale of its investment in Provalliance.