Other Long-Term Liabilities

12 Months Ended

Jun. 30, 2013

Other Long-Term Liabilities [Abstract]

Other Long-Term Liabilities

NOTE 15. OTHER LONG-TERM LIABILITIES

Other long-term liabilities consisted of the following (in thousands):

		June 30,
		2013		2012
Deferred rent, net of current portion	$	28,777	$	28,113
Deferred revenue		8,356		5,533
Reserve for unrecognized tax benefits		6,384		6,245
Accrued post-retirement obligations		5,180		4,143
Interest rate swap agreements		1,765		2,196
Deferred acquisition and contingent consideration		—		4,760
Other		1,111		961
Total other long-term liabilities	$	51,573	$	51,951

     Deferred rent liabilities result from recording rent expense and incentives for tenant improvements on a straight-line basis over the life of the respective lease.

     Accrued post-retirement obligations include projected liabilities for benefits the Company is obligated to provide under a long-term care, a group health, and an executive life insurance plan, each of which is unfunded. Plan benefits are provided to certain current and former executives, their dependents and other eligible employees, as defined. Post-retirement obligations also include accrued benefits under supplemental retirement benefit plans covering certain executives. The expense recorded under these plans was $0.8 million during the year ended June 30, 2013.

     On April 15, 2012, the Company entered into two floating-to-fixed interest rate swap agreements related to a portion of the Company's floating rate indebtedness (see Note 13). The fair value of the swap agreements as of June 30, 2013 and 2012 is a liability of $1.8 million and $2.2 million, respectively.