Note 4 - Restricted Cash and Investments
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9 Months Ended |
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Mar. 31, 2012
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Restricted Assets Disclosure [Text Block] |
(4) Restricted
Cash and Investments
At
March 31, 2012 and June 30, 2011, we held $15.4 million and
$16.4 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
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cannot be withdrawn without the prior written consent of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 5, “Marketable
Securities” and Note 14, “Fair Value
Measurements".
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