Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Restricted Cash and Investments

v3.8.0.1
Note 4 - Restricted Cash and Investments
6 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Restricted Assets Disclosure [Text Block]
(
4
)
Restricted Cash and Investments
 
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. Treasuri
es and U.S. Government agency fixed income instruments, and cannot be withdrawn without the prior written consent of the secured party.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".