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FINANCING ARRANGEMENTS:
 6 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
FINANCING ARRANGEMENTS
FINANCING ARRANGEMENTS:
 
The Company’s long-term debt consists of the following:
 
 
Maturity Dates
 
Interest Rate
 
December 31,
2017
 
June 30,
2017
 
 
(fiscal year)
 
 
 
(Dollars in thousands)
Senior Term Notes, net
 
2020
 
5.50%
 
$
121,096

 
$
120,599

Revolving credit facility
 
2018
 
—
 
—

 
—

 
 
 
 
 
 
$
121,096

 
$
120,599



Senior Term Notes

In December 2015, the Company exchanged its $120.0 million 5.75% senior notes due December 2017 for $123.0 million 5.5% senior notes due December 2019 (Senior Term Notes). The Senior Term Notes were issued at a $3.0 million discount which is being amortized to interest expense over the term of the notes. Interest on the Senior Term Notes is payable semi-annually in arrears on June 1 and December 1 of each year. The Senior Term Notes are unsecured and not guaranteed by any of the Company’s subsidiaries or any third parties.

The following table contains details related to the Company's Senior Term Notes:
 
 
December 31, 2017
 
June 30, 2017
 
 
(Dollars in thousands)
Principal amount on the Senior Term Notes
 
$
123,000

 
$
123,000

Unamortized debt discount
 
(1,439
)
 
(1,815
)
Unamortized debt issuance costs
 
(465
)
 
(586
)
Senior Term Notes, net
 
$
121,096

 
$
120,599



Revolving Credit Facility
 
The Company has a $200 million five-year unsecured revolving credit facility that expires in June 2018. The revolving credit facility has interest rates tied to LIBOR credit spread. As of December 31, 2017 and June 30, 2017, the Company had no outstanding borrowings under this credit facility. The Company had outstanding standby letters of credit under the facility of $1.5 million at December 31, 2017 and June 30, 2017, primarily related to the Company's self-insurance program, therefore, unused available credit under the facility at December 31, 2017 and June 30, 2017 was $198.5 million.
 
The Company was in compliance with all covenants and requirements of its financing arrangements as of and during the three months ended December 31, 2017.