Debt (Text Block)

3 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Debt and Capital Leases Disclosures [Text Block]

DEBT

Capital leases

The Company had previously entered into various capital lease obligations for the use of certain computer equipment, but has no capital lease obligations at September 30, 2016. At June 30, 2016, capital lease obligations totaled $200.

Revolving credit facility

The revolving credit facility allows for borrowings of up to $300,000, which may be increased by the Company at any time until maturity to $600,000. The credit facility bears interest at a variable rate equal to (a) a rate based on LIBOR or (b) an alternate base rate (the highest of (i) the Prime Rate for such day, (ii) the sum of the Federal Funds Effective Rate for such day plus 0.50% and (iii) the Eurocurrency Rate for a one month Interest Period on such day for dollars plus 1.0%), plus an applicable percentage in each case determined by the Company's leverage ratio. The credit facility is guaranteed by certain subsidiaries of the Company. The credit facility is subject to various financial covenants that require the Company to maintain certain financial ratios as defined in the agreement. As of September 30, 2016, the Company was in compliance with all such covenants. The revolving loan terminates February 20, 2020 and at September 30, 2016, there was no outstanding revolving loan balance.

Other lines of credit

The Company has an unsecured bank credit line which provides for funding of up to $5,000 and bears interest at the prime rate less 1%. The credit line expires April 30, 2017. At September 30, 2016, no amount was outstanding.

Interest

The Company paid interest of $96 and $250 during the three months endedSeptember 30, 2016 and 2015, respectively.