Deferred Compensation Plan

3 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Deferred Compensation Plan

Deferred Compensation Plan

The Company offers certain members of management and highly compensated employees the opportunity to defer up to 100% of their base salary (after 401(k), payroll tax and other deductions), performance bonus and discretionary bonus and elect to receive the deferred compensation at a fixed future date of participant’s choosing. Each participant may, at the time of his or her deferral election, choose to allocate the deferred compensation into investment alternatives set by the Compensation Committee at that time. The amount payable to each participant under the plan will change in value based upon the investment selected by that participant and is classified as current or long-term on the Company's balance sheet based on the disbursement elections made by the participants.

During the period ended September 30, 2014, the Company acquired $2,084 of available-for-sale marketable securities. These available-for-sale marketable securities are primarily comprised of investments with a fixed income and with a return equal to that of the equal-weighted Standard & Poor's 500 stock index. The available-for-sale marketable securities are included with prepaid expenses and other current assets on the consolidated balance sheet at September 30, 2014. Unrealized gains and losses as of September 30, 2014 were not significant. The fair value of the awards as of September 30, 2014 is estimated at $2,098, of which $1,181 and $917 is classified as Level 1 and Level 2 investments, respectively.