INTEREST RATE SWAPS

12 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVES AND HEDGING ACTIVITIES

Interest Rate Swaps

During fiscal year 2013, the Company entered into two interest rate swap agreements with a notional amount totaling approximately $4.1 million to mitigate the exposure to interest rate risk resulting from unfavorable changes in interest rates resulting from the Term Loan A and B agreements. Both of the interest rate swap agreements settled in April 2014, in connection with the execution of Company's Credit Agreement resulting in an immaterial loss.