Note 3 - Short-Term Financial Instruments

12 Months Ended

Jun. 30, 2014

Disclosure Text Block Supplement [Abstract]

Financial Instruments Disclosure [Text Block]

(3) Short-Term Financial Instruments

Financial Assets (in millions)

	As of June 30,
	2014		2013
Financial assets:
Cash and cash equivalents	$	81.7	$	66.8
Accounts receivable		18.7		11.0
Total financial assets		100.4		77.8
Financial liabilities:
Accounts payable and current accrued liabilities		26.0		15.8
Total current financial liabilities		26.0		15.8
Net financial assets	$	74.4	$	62.0

The carrying value of the cash and cash equivalents, accounts receivable and accounts payable approximates fair value because of their short-term nature. The Company regularly reviews all financial assets for impairment. There were no impairments recognized in 2014 and 2013.