Subsequent Events

3 Months Ended

Sep. 30, 2013

Subsequent Events

Subsequent Events

Note 23.  Subsequent Events

The Company completed an offering of its common stock on October 4, 2013 for $18.00 per share.  The offering of 4.25 million shares yielded net proceeds of approximately $71.5 million after deducting underwriting, legal and accounting fees.

In October 2013, the Company used cash on hand to pay, in full, three debt obligations including the Pennsylvania Industrial Development Authority loan, the Wells Fargo N.A. Townsend Road mortgage, and the Pennsylvania Industrial Development Authority Townsend Road mortgage.  The total payoff, including accrued interest, for all three debt obligations was approximately $5.0 million.  See Note 11. Long-Term Debt for more information on each individual debt obligation.