Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Recently Issued Accounting Pronouncements

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Note 14 - Recently Issued Accounting Pronouncements
3 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
Description of New Accounting Pronouncements Not yet Adopted [Text Block]
(14)
Recently Issued Accounting Pronouncements
 
On April 7, 2015 the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The new standard classifies debt issuance costs as a deduction from the debt liability, consistent with debt discounts. Prior to the issuance of ASU 2015-03, these costs were classified as assets. We adopted the provisions of ASU 2015-03 beginning in July 2015 and prior period amounts have been reclassified to conform to the current period presentation. As of June 30, 2015, $0.3 million of debt issuance costs were reclassified in the consolidated balance sheets from other noncurrent assets to current portion of long-term debt and $1.0 million was reclassified from other noncurrent assets to long term debt, less current portion. The adoption of ASU 2015-03 did not impact our consolidated statements of comprehensive income, or our consolidated statements of cash flows.