BENEFIT PLANS (Tables)

12 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits by Title of Individual and Type of Deferred Compensation [Table Text Block]

The table below presents the projected benefit obligation of these deferred compensation contracts in the Consolidated Balance Sheet:



	June 30,
	2014		2013
	(Dollars in thousands)
Current portion (included in Accrued liabilities)	$	2,913	$	3,532
Long-term portion (included in Other noncurrent liabilities)	7,677		9,446
	$	10,590	$	12,978

Schedule of compensation expenses

Compensation expense included in (loss) income before income taxes and equity in loss of affiliated companies related to the aforementioned plans, excluding amounts paid for expenses and administration of the plans included the following:



	Fiscal Years
	2014		2013		2012
	(Dollars in thousands)
Executive Plan (including profit sharing)	$	203	$	311	$	394
ESPP	347		441		449
Deferred compensation contracts	1,641		2,370		10,452

- Definition

Tabular disclosure of arrangements with individual employees that are not equity-based payments or pensions and other postretirement benefits, which are generally employment contracts between the entity and selected officers or key employees containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Examples may include profit sharing, deferred bonuses or certain split-dollar life insurance arrangements. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period and the carrying amount as of the balance sheet date of the related liability.

+ References+ Details