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Debt (Tables)
9 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt and Current Portion of Long-Term Debt

At March 31, 2016 and June 30, 2015, long-term debt and current portion of long-term debt consisted of the following:

 

 

 

Fair Value at

March 31, 2016 (1)

 

 

Book Value at

March 31, 2016

 

 

Fair Value at

June 30, 2015 (1)

 

 

Book Value at

June 30, 2015

 

4.150 Percent Senior Notes

 

$

394,480

 

 

$

400,000

 

 

$

393,160

 

 

$

400,000

 

2.000 Percent Senior Notes

 

 

390,351

 

 

 

398,318

 

 

 

379,200

 

 

 

389,883

 

Borrowings under revolving credit facility

 

 

483,000

 

 

 

483,000

 

 

 

283,125

 

 

 

283,125

 

Capital lease obligations

 

 

13,547

 

 

 

13,547

 

 

 

16,325

 

 

 

16,325

 

Total debt

 

 

1,281,378

 

 

 

1,294,865

 

 

 

1,071,810

 

 

 

1,089,333

 

Current portion of long-term debt

 

 

(4,227

)

 

 

(4,227

)

 

 

(4,550

)

 

 

(4,550

)

Unamortized debt discount on 4.150 Percent Senior Notes

 

 

(2,462

)

 

 

(2,462

)

 

 

(2,626

)

 

 

(2,626

)

Unamortized debt discount on 2.000 Percent Senior Notes

 

 

(1,367

)

 

 

(1,367

)

 

 

(1,490

)

 

 

(1,490

)

Total long-term debt

 

$

1,273,322

 

 

$

1,286,809

 

 

$

1,063,144

 

 

$

1,080,667

 

 

(1)

The estimated fair value of the 2.000 Percent Senior Notes and the 4.150 Percent Senior Notes were based on a broker quotation (Level 2). Under fair value accounting guidance, Level 2 is based on inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.

Long-Term Debt, Maturities in Years

At March 31, 2016, long-term debt maturing in each of the next five fiscal years and thereafter is as follows:

 

2016

 

$

1,143

 

2017

 

 

3,853

 

2018

 

 

2,980

 

2019

 

 

2,050

 

2020

 

 

484,626

 

Thereafter

 

 

800,213

 

Total

 

$

1,294,865