Note 4 - Restricted Cash and Investments
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3 Months Ended |
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Sep. 30, 2012
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Restricted Assets Disclosure [Text Block] |
(4)
Restricted
Cash and Investments
At
both September 30, 2012 and June 30, 2012, we held $15.4
million of restricted cash and investments in lieu of
providing letters of credit for the benefit of the provider
of our workmen’s compensation and other insurance and
for the benefit of the issuer of our private label credit
card. 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agency fixed income instruments, and cannot be withdrawn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 12, “Fair Value Measurements".
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