Note 7 - Debt |
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| Debt Disclosure [Text Block] |
7) Debt
Long-term debt is comprised of the following (in thousands):
The Company's bank credit agreement matures in February 2028.
At September 30, 2026, and June 30, 2026, the Company had $3.1 million standby letters of credit outstanding, primarily for insurance purposes and had the ability to borrow $168.5 million and $148.4 million, respectively, under the Facility. Funds borrowed under the Facility may be used for the repayment of debt, working capital, capital expenditures, acquisitions (so long as certain conditions, including a specified funded debt to EBITDA leverage ratio, are maintained), and other general corporate purposes. The Facility contains customary representations, warranties and restrictive covenants, as well as specific financial covenants which the Company was compliant with as of September 30, 2026 and June 30, 2026.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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