XML 20 R10.htm IDEA: XBRL DOCUMENT

Credit Arrangements	9 Months Ended
Credit Arrangements	Mar. 31, 2016
Credit Arrangements [Abstract]
Credit Arrangements	4. CREDIT ARRANGEMENTS The Company maintains a credit agreement which provides unsecured short-term working capital financing up to $30.0 million with interest of LIBOR plus 1% (1.44% at March 31, 2016), including up to $4.0 million of letters of credit. Letters of credit outstanding at March 31, 2016 totaled $2.3 million, leaving borrowing availability of $27.7 million. The Company utilized no borrowing availability under the credit facility other than the aforementioned letters of credit at March 31, 2016. The credit agreement expires December 31, 2016. At March 31, 2016, the Company was in compliance with all of the financial covenants contained in the credit agreement. A director of the Company is a director at a bank where the Company maintains an additional unsecured $10.0 million line of credit, with interest at prime minus 2% (1.50% at March 31, 2016), and where its routine banking transactions are processed. No amount was outstanding on the line of credit at March 31, 2016. This line of credit matures December 31, 2016. In addition, the supplemental retirement plan assets, held in a Rabbi Trust, of $2.4 million are administered by this bank's trust department. The Company receives no special services or pricing on the services performed by the bank due to the directorship of this director.