Note 4 - Restricted Cash and Investments |
6 Months Ended | ||
|---|---|---|---|
Dec. 31, 2017 | |||
| Notes to Financial Statements | |||
| Restricted Assets Disclosure [Text Block] |
At
December 31, 2017 and June 30, 2017, we held $7.
1 million and $7.3 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 insurance and other insurance. 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quality money market mutual funds, U.S. Treasuries and U.S. Government agency fixed income instruments, and cannot be withdrawn without the prior written consent of the secured party.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 11, “Financial Instruments". |
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- References No definition available.
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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. No definition available.
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