Note 4 - Restricted Cash and Investments
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6 Months Ended |
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Dec. 31, 2011
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Restricted Assets Disclosure [Text Block] |
(4)
Restricted Cash and Investments
At
December 31, 2011 and June 30, 2011, we held $15.4 million
and $16.4 million respectively, of restricted cash and
investments in lieu of providing letters of credit for the
benefit of the provider of our workmen’s compensation
and other insurance and for the benefit of the issuer of our
private label credit card. These funds can be invested in
high quality money market mutual funds, U.S. Treasuries and
U.S. Government agency fixed income instruments, and cannot
be withdrawn without the prior written consent of the secured
party. These assets are carried at cost, which approximates
market value and are classified as long-term assets because
they are not expected to be used within one year to fund
operations. See also Note 5, “Marketable
Securities” and Note 14, “Financial
Instruments".
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