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Subsequent Events
9 Months Ended
Mar. 31, 2013
Subsequent Events [Abstract]  
Subsequent Events

 

 

 

 

14.            Subsequent Events

 

On May 6, 2013, the Company entered into a Fifth Amendment to Credit Agreement with Comerica Bank.  The Fifth Amendment allowed the Company to declare and pay dividends totaling up to $3.7 million in fiscal 2013.

 

On May 7, 2013 the Company’s Board of Directors declared the Company’s first annual regular dividend of $0.15 per share of Common Stock.  The annual dividend will be paid on June 27, 2013 to shareholders of record at the close of business on June 6, 2013.