Annual report pursuant to Section 13 and 15(d)

Note 18 - Restricted Cash and Investments

v3.7.0.1
Note 18 - Restricted Cash and Investments
12 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Restricted Assets Disclosure [Text Block]
(
18
)
     
Restricted Cash and Investments
 
At
June 30, 2017
and
2016
we held
$7.3
million and
$7.8
million, respectively, of cash and investments in lieu of providing letters of credit for the benefit of the provider of our workmen’s compensation and other insurance liabilities. These restricted funds, which can be invested by us in money market mutual funds, and U.S. Treasuries and U.S. Government agency fixed income instruments with maturities of
two
years or less, cannot be withdrawn from our account without the prior written consent of the secured parties. These restricted funds are classified as long-term assets because they are
not
expected to be used within
one
year to fund operations. See also Note
17,
“Financial Instruments”.