Impairment of Long-Lived Assets

3 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Impairment of Long-Lived Assets

Note 8. – Impairment of Long-lived Assets

Impairment of Long-Lived Assets—Central Alabama Medical Associates, LLC (“CAMA”), an indirect subsidiary of the Company owns a hospital facility (currently closed) and related equipment in Clanton, Alabama, which it formerly leased to a third party hospital operator. The Company believes the carrying amount of these assets is not likely to be fully recoverable. The net realizable value of the hospital and equipment was evaluated and it was determined that an impairment of the net value of the leased property, plant and equipment had occurred. An impairment charge of $789 was recognized during the first quarter of fiscal 2013. The property is currently being repurposed as a multi-tenant medical park.