Annual report pursuant to Section 13 and 15(d)

Note 5 - Restricted Cash

v3.19.2
Note 5 - Restricted Cash
12 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Restricted Assets Disclosure [Text Block]
(
5
)
Restricted Cash
 
We did
not
hold any restricted cash at
June 30, 2019
or
2018.
At
June 30, 2017
we held
$7.3
million of restricted cash in lieu of providing letters of credit for the benefit of the provider of our workmen’s compensation and other insurance liabilities. By
June 30, 2018,
this obligation had been reduced to
$5.9
million, which was then exchanged for a letter of credit for the benefit of this provider, and the restricted cash balance was reduced to zero. As such, we did
not
hold any restricted cash at
June 30, 2019
or
2018.