Note 4 - Restricted Cash and Investments
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9 Months Ended |
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Mar. 31, 2013
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Restricted Assets Disclosure [Text Block] |
(4)
Restricted
Cash and Investments
At
both March 31, 2013 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income instruments, and cannot be withdrawn without the prior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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