Student Transportation (STB) 40-F 28 Sep 17 2017 FY Annual report (Canada) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Jun. 30, 2017shares
Document Information [Line Items]
Document Type	40-F
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	STB
Entity Registrant Name	STUDENT TRANSPORTATION INC.
Entity Central Index Key	1,419,465
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding	94,631,743

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 10,964	$ 7,759
Accounts receivable, net of allowance for doubtful accounts of $264 and $109 at June 30, 2017 and 2016, respectively	68,747	63,018
Inventory	4,560	4,415
Prepaid expenses	16,980	14,330
Other current assets	3,885	3,216
Total current assets	105,136	92,738
Other assets	20,502	18,065
Property and equipment, net	231,198	228,572
Oil and gas interests, net		5,398
Other intangible assets, net	55,518	58,734
Goodwill	141,454	141,669
Total assets	553,808	545,176
Current liabilities:
Accounts payable	1,101	8,946
Accrued expenses and other current liabilities	70,467	55,264
Total current liabilities	71,568	64,210
Long-term debt , net	291,347	269,672
Deferred income tax liability	43,865	42,083
Class B Series Three common share liability		2,768
Other liabilities	20,581	20,548
Total liabilities	427,361	399,281
Shareholders' equity
Preferred shares, no par value, unlimited shares authorized, none outstanding
Common shares, no par value, unlimited shares authorized, 94,631,743 and 91,903,515 issued and outstanding at June 30, 2017 and 2016, respectively	0	0
Paid in Share Capital	512,173	496,990
Accumulated deficit	(385,915)	(351,108)
Accumulated other comprehensive income	189	13
Total shareholders' equity	126,447	145,895
Total liabilities and shareholders' equity	$ 553,808	$ 545,176

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands		Jun. 30, 2017	Jun. 30, 2016
Accounts receivable, allowance for doubtful accounts		$ 264	$ 109
Preferred shares, no par value
Preferred shares, shares authorized	[1]	0	0
Preferred shares outstanding		0	0
Common shares, no par value
Common shares shares authorized	[1]	0	0
Common shares issued		94,631,743	91,903,515
Common shares outstanding		94,631,743	91,903,515
[1]	Unlimited shares

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Revenues	$ 637,317	$ 600,194
Costs and expenses:
Cost of operations	485,091	457,743
General and administrative	68,037	61,897
Non-cash stock compensation	5,802	3,967
Acquisition expense		192
Depreciation and depletion expense	47,256	48,008
Amortization expense	3,142	3,153
Impairment of oil and gas assets	224	1,638
Total operating expenses	609,552	576,598
Income from operations	27,765	23,596
Interest expense	17,745	14,513
Foreign currency loss	30	1,147
Non-cash (gain) loss on US$ 6.25% Convertible Debentures conversion feature	(190)	177
Other income, net	(946)	(1,127)
Income before income taxes and equity in net loss of unconsolidated investment	11,126	8,886
Equity in net loss of unconsolidated investment		(11)
Income tax expense	4,666	2,838
Net income	$ 6,460	$ 6,037
Weighted average number of shares outstanding-basic	92,936,942	95,495,357
Weighted average number of shares outstanding-diluted	110,553,664	110,098,439
Basic and diluted net income per common share	$ 0.07	$ 0.06
Dividends declared per common share	$ 0.44	$ 0.44

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Net income :	$ 6,460	$ 6,037
Other comprehensive income:
Unrealized gain on currency translation adjustments	176	2,133
Other comprehensive income :	176	2,133
Comprehensive income	$ 6,636	$ 8,170

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Share Capital	Accumulated Other Comprehensive Income (loss)	Accumulated Deficit
Balance (in shares) at Jun. 30, 2015		96,141,516
Balance at Jun. 30, 2015	$ 199,807	$ 517,560	$ (2,120)	$ (315,633)
Net income	6,037			6,037
Dividends	(41,512)			(41,512)
Common stock issuance (in shares)		1,337,225
Common stock issuance	5,227	$ 5,227
Repurchase of common stock (in shares)		(5,575,226)
Repurchase of common stock	(25,797)	$ (25,797)
Other comprehensive income	2,133		2,133
Balance (in shares) at Jun. 30, 2016		91,903,515
Balance at Jun. 30, 2016	145,895	$ 496,990	13	(351,108)
Net income	6,460			6,460
Dividends	(41,267)			(41,267)
Common stock issuance (in shares)		439,388
Common stock issuance	2,412	$ 2,412
Class B Share Exchange (in shares)		2,282,104
Class B Share Exchange	12,707	$ 12,707
Conversion of debt to common stock (in shares)		6,736
Conversion of debt to common stock	64	$ 64
Other comprehensive income	176		176
Balance (in shares) at Jun. 30, 2017		94,631,743
Balance at Jun. 30, 2017	$ 126,447	$ 512,173	$ 189	$ (385,915)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities
Net income	$ 6,460	$ 6,037
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred income taxes	2,180	2,279
Non-cash loss (gain) on US$ 6.25% Convertible Debentures conversion feature	(190)	177
Unrealized foreign currency gain	2	(431)
Amortization of deferred financing costs	2,631	1,448
Non-cash stock compensation	5,802	3,967
Equity in net loss from unconsolidated investment		11
Loss on sale of oil and gas assets	1,359
Gain on disposal of fixed assets	(1,738)	(1,925)
Depreciation and depletion expense	47,256	48,008
Amortization expense	3,142	3,153
Impairment of oil and gas assets	224	1,638
Changes in current assets and liabilities:
Accounts receivable	(5,754)	(7,805)
Prepaid expenses, inventory and other current assets	(3,485)	(4,954)
Accounts payable	(7,843)	6,743
Accrued expenses and other current liabilities	8,636	9,862
Changes in other assets and liabilities	(2,821)	(37)
Net cash provided by operating activities	55,861	68,171
Investing activities
Business acquisitions, net of cash acquired		(6,182)
Purchases of property and equipment	(34,523)	(67,017)
Proceeds from sale of oil and gas assets	2,730
Proceeds on sale of equipment	2,698	2,247
Net cash used in investing activities	(29,095)	(70,952)
Financing activities
Issuance of Cdn$ 5.25% Convertible Debentures	65,764
Redemption of Senior Secured Notes	(35,000)
Redemption of US$ 6.25% Convertible Debentures	(59,936)
Redemption of Class B Series Three common shares	(2,457)	(651)
STI/ Class B Series Three common shares exchange issuance fees	(119)
Repurchase of common stock		(25,797)
Financing fees	(4,724)	(134)
Common stock dividends	(38,458)	(37,873)
Borrowings on credit facility	271,499	220,520
Payments on credit facility	(219,336)	(150,529)
Net cash (used in) provided by financing activities	(22,767)	5,536
Effect of exchange rate changes on cash	(794)	(329)
Net increase in cash and cash equivalents	3,205	2,426
Cash and cash equivalents at beginning of period	7,759	5,333
Cash and cash equivalents at end of period	10,964	7,759
Supplemental information:
Cash paid for interest	16,611	13,538
Cash paid for income taxes	$ 2,662	$ 1,038

General

General	12 Months Ended
	Jun. 30, 2017
General	1. General Student Transportation Inc. (“STI” or the “Company”) is a corporation established under the laws of the Province of Ontario. STI together with its indirect subsidiary Student Transportation of America ULC (“STA ULC” and together with STI the “Issuer”), completed an Initial Public Offering (the “IPS Offering”) on December 21, 2004 through the issuance of income participating securities (“IPSs”). Each IPS consisted of one common share of STI and Cdn $3.847 principal amount of 14% subordinated notes of STA ULC (the “Subordinated Notes”). On December 21, 2009, the Company redeemed the remaining Subordinated Notes, originally issued as a component of the IPSs, as the final step in the process of converting from the IPS structure to a traditional common share structure. Following the redemption of the Subordinated Notes, STA ULC has been inactive. STI owns 100% of the common shares of both Student Transportation of America Holdings, Inc. (“STA Holdings”) and Parkview Transit. No other classes or series of shares of STA Holdings are currently outstanding. STA Holdings, through its wholly owned subsidiary, Student Transportation of America, Inc. (“STA, Inc.”), combined with Parkview Transit, is the third largest provider of school bus transportation services in North America. Historically the Company had two reportable segments, a transportation segment and an oil and gas segment. The oil and gas segment represented the Company’s investments as a non-operator

Basis of Presentation

Basis of Presentation	12 Months Ended
	Jun. 30, 2017
Basis of Presentation	2. Basis of Presentation These consolidated financial statements have been prepared by management in accordance with accounting principles generally accepted in the United States (“US GAAP”). The accompanying consolidated financial statements include the accounts of the Company and all of its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The significant accounting policies used to prepare the financial statements are described below: Foreign Currency Translation Monetary assets and liabilities denominated in a currency other than the functional currency are translated at the rate of exchange prevailing at the balance sheet date. Transactions denominated in a currency other than the functional currency are translated at the rate of exchange prevailing on the transaction date. Gains and losses on translation of these items are considered transaction gain and losses and are included in the consolidated statements of operations in foreign currency (gain) loss. The functional currency of STI, the parent, and the Company’s Canadian operations, is the Canadian dollar. The functional currency of STA Holdings and the Company’s operations in the United States is the U.S. dollar. The Company’s financial statements are reported in U.S. dollars, as the principal operations and cash flows of its subsidiaries are conducted in U.S. dollars. As a result, the assets and liabilities of STI and the Company’s Canadian operations are translated into U.S. dollars using the exchange rate in effect at the period end and revenues and expenses are translated at the average rate during the period. Exchange gains and losses on translation are deferred as a separate component of shareholders’ equity. The Company’s Cdn$ 5.25% convertible subordinated unsecured debentures (the “Cdn$ 5.25% Convertible Debentures”) and the Cdn$ 6.25% convertible subordinated unsecured debentures (the “Cdn$ 6.25% Convertible Debentures”), of STI are, as described in Note 8, denominated in Canadian dollars. As the functional currency of STI is the Canadian dollar, exchange gains or losses related to the Cdn$ 5.25% Convertible Debentures and the Cdn$ 6.25% Convertible Debentures on the translation of the STI financial statements into U.S. dollars, the reporting currency, are deferred as a separate component of shareholders’ equity. The US$ 6.25% convertible subordinated unsecured debentures (the “6.25% Convertible Debentures”) of STI, as described in Note 8, were denominated in U.S. dollars. As the functional currency of STI is the Canadian dollar, unrealized gains or losses on re-measurement Foreign currency transaction gains and losses, related to short-term related intercompany loans are recorded in the Consolidated Statement of Operations as incurred. Foreign currency transaction gains and losses for intercompany loans that are considered long-term in nature are recorded in Accumulated Other Comprehensive Income as incurred. Cash and Cash Equivalents Cash and cash equivalents include all cash balances and highly liquid investments with maturities of three months or less from the date of purchase. At June 30, 2017 and June 30, 2016 there were no cash equivalents. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company bases its estimates on historical experience, actuarial evaluations and on various other assumptions that it believes are reasonable under the circumstances. Amounts reported based upon these estimates include, but are not limited to, insurance reserves, income taxes, goodwill and intangible assets, derivatives, certain components of long term debt and impairment testing of long-lived assets. Allowance for Doubtful Accounts The Company establishes provisions for losses on accounts receivable if it is determined that all or part of the outstanding balance is not collectable. Collectability is reviewed regularly and an allowance is established or adjusted, as necessary, using the specific identification method. Concentration of Credit Risk Credit is extended based on an evaluation of the customer’s financial condition and, generally, advance payment is not required. The Company has no individual customers which account for more than 10% of its revenues. Anticipated credit losses are provided for in the financial statements. Management monitors the financial condition of its customers to reduce the risk of loss. Inventories Inventories, consisting primarily of repair parts and vehicle accessories, are valued at the lower of cost or market determined on a first-in, first-out Property and Equipment Property and equipment is recorded at cost or at fair value if obtained as part of a business acquisition, less accumulated depreciation. Ordinary maintenance and repairs are expensed as costs are incurred. Depreciation on transportation equipment is computed on a usage basis over the estimated useful lives of the assets, which approximate a range from seven to eleven years. Annually, management assesses the useful lives of these assets and any changes in estimated useful lives are accounted for prospectively. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful lives of the assets. Buildings are depreciated on a straight line basis over 40 years. Other property and equipment is depreciated on a straight line basis over three to five years. The Company recorded depreciation expense of $46.6 million and $47.0 million for the years ended June 30, 2017 and 2016, respectively. Goodwill and Indefinite Lived Intangibles Goodwill represents the excess of cost over fair value of net assets acquired in business combinations accounted for under the purchase method. Goodwill and trade names are not amortized but rather assessed for impairment annually or more frequently if circumstances change and indicators of impairment are present. The annual impairment testing is performed in the fourth quarter. The annual assessment of goodwill impairment, may be performed either on a quantitative or qualitative basis. In January 2017, FASB issued ASU 2017-04 The Company also has the option to perform a qualitative assessment for goodwill impairment. Under the qualitative assessment, consideration is given to both external factors (including the macroeconomic and industry conditions) and the Company’s own internal factors (including internal costs, recent financial performance, management, business strategy, customers, and stock price). Facts and circumstances are evaluated each year to determine whether to use the qualitative or quantitative assessment. We performed a qualitative assessment during the fourth quarters of 2017 and 2016, and there was no indication of impairment for goodwill. Other Identifiable Intangible Assets When assessing the impairment for indefinite-lived trade names, the Company performs the assessment to determine if the carrying value exceeds the fair value at which time an impairment loss would be recognized in the statement of earnings in an amount equal to the excess. Fair values are derived by using discounted cash flow analyses which requires, among other factors, estimates of the amount and timing of projected cash flows and the appropriate discount rate. The Company also has the option to first assess qualitative factors to determine if a quantitative impairment test of the indefinite-live intangible asset is necessary. If the qualitative assessment reveals that it’s more likely than not that the asset is impaired, a calculation of the assets’ fair value is required. Otherwise, no quantitative calculation is necessary. The Company performed the quantitative assessment of trade names in the fourth quarters of 2017 and 2016 and there was no impairment. Definite-lived intangible assets consist of contract rights and covenants not to compete. Contract rights, which include customer relationships, are amortized on a straight-line basis over an estimated useful life of 20 to 23 years. The useful life for contract rights was determined based on third party valuation reports prepared for the Company. The valuations took into account the average length of the contracts, the expected renewal periods and assumptions regarding future renewals based upon historical customers lives. Covenants not-to-compete Convertible Debentures The principal amount of the Cdn$ 6.25% Convertible Debentures and the Cdn$ 5.25% Convertible Debentures are convertible into common shares of the Company at the option of the holders and the Company under certain conditions. The Company has determined that the debentures are not required to be bifurcated into separate debt and equity components. In accordance with ASC 470-20, Debt with Conversion and Other Options, non-beneficial In accordance with ASC 815, Derivatives and Hedging non-cash non-cash non-cash Deferred Financing Costs The Company incurred costs related to obtaining debt financing. The Company capitalized costs associated with its Credit Agreement, Senior Secured Notes and costs related to the issuances of the Convertible Debentures. These costs have been capitalized and are being amortized to interest expense over the term of the related debt using the effective interest rate method. The carrying value of the deferred financing costs was $6.1 million and $4.3 million as of June 30, 2017 and 2016 respectively. Amortization expense totaled $2.6 million and $1.4 million for the years ended June 30, 2017 and 2016, respectively. Deferred financing costs associated with the Company’s Credit Agreement are included in other assets while the deferred financing costs associated with the Convertible Debentures are included in long term debt as a contra liability in the consolidated balance sheet. Impairment of Long-Lived Assets Management continually evaluates whether events or circumstances have occurred that indicate that the remaining estimated useful lives of property and equipment, contract rights and covenants not to compete may warrant revision or that the remaining balances may not be recoverable. Events or circumstances that would trigger testing for impairment include, but are not limited to, the loss of a significant school district customer contract, a significant increase in the Company’s expense levels absent a corresponding increase in revenue that causes operating or cash flow losses or projected operating or cash flow losses, significant adverse changes in legal factors or the business climate in which the Company operates that could affect the value of long-lived assets, or the expectation that a long-lived asset will be sold or otherwise disposed of at a loss before the end of its previously estimated useful life. If this review indicates that the assets will not be recoverable, as determined based on the undiscounted future cash flows from the use of the assets, the carrying value of the assets will be reduced to their estimated fair value. There were no indicators of impairment during the years ended June 30, 2017 and 2016. Business Combinations The Company accounts for business combinations under the principles codified in ASC 805, Business Combinations non-controlling (v) re-measurement non-controlling Income Taxes Income taxes have been computed utilizing the asset and liability approach, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities. Deferred tax assets and liabilities are measured using the currently enacted tax rates expected to be in effect for the years in which those taxes are expected to be realized or settled. A valuation allowance is recorded to reduce deferred tax assets to the amount that is believed to be more likely than not to be realized. The recorded deferred income tax liability results from a difference between the book and tax basis of certain transportation equipment, other equipment and intangible assets. The Company uses judgment in determining income tax provisions and in evaluating its tax positions under the accounting guidance for income taxes. Additional provisions for income taxes are established when, despite the belief that tax positions are fully supportable, there remain certain positions that do not meet the minimum probability threshold, which is a tax position that is more-likely-than-not Revenue Recognition Revenue from the Company’s school bus operations is recognized when the following criteria are met: persuasive evidence of an arrangement exists, services have been rendered, the price to the buyer is fixed and determinable, and collectability is reasonably assured. The Company bills customers on a monthly basis upon the completion of school bus routes, which are based on contracts or extension agreements with customers. Revenue from oil and gas interests was derived from the Company’s partial ownership in various oil and gas wells. As a non-operator, Insurance Reserves The Company had approximately $32.5 million and $30.1 million in recorded insurance reserves at June 30, 2017 and 2016, respectively. These reserves reflect the estimated deductible amounts the Company is responsible for under its workers’ compensation and vehicle liability insurance programs. Insurance expense for these items is largely dependent on the Company’s claims experience and the Company’s ability to control such claims, in addition to third party premiums/expenses associated with this coverage. The Company has recorded estimated insurance reserves for the anticipated losses on open claims and estimated reserves for incurred but not recorded claims under the workers’ compensation and vehicle liability programs based upon actuarial analysis prepared by an independent third party actuary. Although the estimates of these accrued liabilities are based on the factors mentioned above, it is possible that future cash flows and results of operations could be materially affected by changes in our assumptions or changes in claims experience. Insurance reserves are included in accrued expenses and other current liabilities and other liabilities on the consolidated balance sheet. Stock-Based Compensation The Company accounts for stock-based compensation and other stock-based payments using the fair value method. Under the fair value method, the fair value of stock-based compensation and other stock-based payments are estimated at the grant date and the total fair value is amortized over the vesting schedule of the awards as compensation expense. The Class B Series Three common shares issued by STA Holdings were fully vested on the grant date, and, as such, the Company recognized compensation expense when the shares were issued. In February 2017 the Company redeemed all of the remaining Class B Series Three common shares by exchanging them for STI common shares, based on the fair market value of each class of shares (See Note 9). The Company recognized $5.8 million and $4.0 million in non-cash On November 8, 2016, the Company’s shareholders approved a new performance share grant plan of the Company (the “New PSG Plan”). The New PSG Plan will replace the EIP originally set up at the STA Holdings level. Under the New PSG Plan, participants will be eligible to receive performance share grant units from the Company (“PSG Units”) that are redeemable for common shares of the Company. The vesting of PSG Units will be based entirely upon the achievement of multiple pre-defined Accounting for Derivatives and Hedging Activities Derivatives are recorded at fair value on the balance sheet, which, in accordance with ASC 820, Fair Value Measurements and Disclosure, Segment Reporting The Company had two reportable segments, a transportation segment and an oil and gas segment. The transportation segment provides school bus and management services to public and private schools in North America. The oil and gas segment represented the Company’s investments as a non-operator Oil and Gas Interests The Company held non-operating non-operator. The Company used the full-cost method of accounting for oil and gas interests to determine the capitalized cost, whereby certain expenditures related to the acquisition, exploration and development of oil and gas properties were capitalized. Capitalized costs included the cost of land acquired or leased, intangible drilling costs such as those for equipment, casing and attachments on both productive and non-productive units-of In connection with the oil and gas interests, the Company had an asset retirement obligation (“ARO”) which represented the liability associated with the retirement of long-lived assets that arose from the acquisition, construction, development or normal operation of such assets. In connection with the sale of the oil and gas interests, the Company wrote off its ARO, as it no longer has any liability associated with the oil and gas assets. At June 30, 2016, the present value of the Company’s asset retirement obligation was $0.5 million. Under US GAAP, the impairment test for oil and gas assets (the “ceiling test”) required the Company to use tax effected discounted cash flow using a present value technique. Under ASC 932, Extractive Industries – Oil and Gas, Earnings per Share Basic and diluted earnings per share are calculated by dividing the net income for the period by the weighted number of shares outstanding during each period. The shares used in the calculation of basic earnings per share are based on the weighted average number of shares outstanding. Shares used in the calculation of diluted earnings per share are based on the weighted average number of shares outstanding plus an adjustment for the incremental shares that would be outstanding assuming the exercise of the Company’s Convertible Debentures. The net income for basic earnings per share is net earnings available to common stockholders. The net income for diluted earnings per share is net earnings available to common stockholders with interest expense associated with the Convertible Debentures added back (net of tax) for the assumed conversion of the Convertible Debentures into common stock. Seasonality The Company’s operations are seasonal and follow the school calendars of the public and private schools it serves. During the summer school break, revenue is derived primarily from summer camps and private charter services. Since schools are not in session, there is no school bus transportation revenue. Depreciation of fixed assets occurs in the months during which schools are in session, which is generally September through June. A full year’s worth of depreciation is recorded in these ten months to match the vehicles’ usage. Recently Adopted Accounting Standards In August 2014, the FASB issued ASU 2014-15, 205-40): 2014-15 In April 2015, the FASB issued ASU 2015-03, 835-30): In September 2015, FASB issued ASU 2015-16 In January 2017, FASB issued ASU 2017-04 Recently Issued Accounting Standards In May 2014, the FASB issued ASU 2014-09, 2014-09 In January 2016, FASB issued ASU 2016-01 In February 2016, FASB issued ASU 2016-02 In August 2016, FASB issued ASU No. 2016-15, In January 2017, FASB issued ASU 2017-01 In May 2017, FASB issued ASU 2017-09, Certain prior period amounts have been reclassified to conform to current year presentation and such amounts were not material to prior periods.

Business Combinations

Business Combinations	12 Months Ended
	Jun. 30, 2017
Business Combinations	3. Business Combinations 2016 Acquisitions During January and February 2016, a wholly-owned subsidiary of the Company purchased the remaining interest in a transportation consulting and management services firm and acquired a second transportation consulting services firm. Earnings of the acquired companies were included in the Company’s results of operations from the acquisition dates. Total consideration paid in January and February 2016 approximated $7.2 million consisting of $6.2 million in cash and $1.0 million in common stock. The Company had previously invested $1.7 million in March 2015, to acquire a non-controlling The proforma impact of these acquisitions was immaterial to the Company’s consolidated financial statements.

Property and Equipment

Property and Equipment	12 Months Ended
	Jun. 30, 2017
Property and Equipment	4. Property and Equipment Property and equipment consist of the following: June 30, 2017 Cost Accumulated Net Book Useful Life Land $ 5,537 $ — $ 5,537 Buildings 6,332 (1,902 ) 4,430 40 Transportation equipment 450,436 (242,109 ) 208,327 7 to 11 Leasehold improvements 10,138 (5,846 ) 4,292 The shorter of the life of lease Other machinery and equipment 35,368 (26,756 ) 8,612 3 to 5 $507,811 $(276,613) $231,198 June 30, 2016 Cost Accumulated Net Book Useful Life Land $ 5,471 $ — $ 5,471 Buildings 5,978 (1,469 ) 4,509 40 Transportation equipment 435,339 (231,392 ) 203,947 7 to 11 Leasehold improvements 8,886 (4,809 ) 4,077 The shorter of the life of lease Other machinery and equipment 33,535 (22,967 ) 10,568 3 to 5 $489,209 $(260,637) $228,572

Oil and Gas Interests

Oil and Gas Interests	12 Months Ended
	Jun. 30, 2017
Oil and Gas Interests	5. Oil and Gas Interests Oil and gas interests consisted of the following: 2017 2016 Oil and gas interests $ 16,632 $ 18,388 Less: accumulated depletion (12,015 ) (11,352 ) impairment charge (224 ) (1,638 ) disposal of assets (4,393 ) — $ — $ 5,398 The Company held non-operating Under full cost accounting many costs incurred will be capitalized even though they have not resulted in an increase in the future revenue generating capacity of the enterprise. Accordingly, it is widely recognized that there should be a limit on the aggregate costs that may be carried forward for amortization against revenue of future periods (the “ceiling test”). The Company performed a ceiling test calculation at various periods during years ended June 30, 2017 and 2016. The ceiling test required the Company to use tax effected discounted cash flows using a present value technique. Based on the calculations performed during the years ended June 30, 2017 and 2016, the Company recorded impairment charges of $0.2 million and $1.6 million, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Jun. 30, 2017
Goodwill and Other Intangible Assets	6. Goodwill and Other Intangible Assets Intangible assets consist of the following: 2017 Gross Accumulated Net Book Weighted Average Contract rights $ 65,051 $ (31,574 ) $ 33,477 11 Covenants not to compete 14,756 (14,756 ) — — Tradenames 22,041 — 22,041 None (Indefinite Life) Total $ 101,848 $ (46,330 ) $ 55,518 2016 Gross Accumulated Net Book Weighted Average Contract rights $ 65,113 $ (28,449 ) $ 36,664 12 Covenants not to compete 14,760 (14,750 ) 10 1 Tradenames 22,060 — 22,060 None (Indefinite Life) Total $ 101,933 $ (43,199 ) $ 58,734 Estimated annual amortization expense for intangible assets is as follows: Year ending June 30, 2018 3,153 2019 3,152 2020 3,152 2021 3,152 2022 3,152 $ 15,761 The following table represents the changes in the carrying amount of goodwill for the years ended June 30, 2017 and 2016: Balance as of June 30, 2015 $ 134,939 Goodwill related to acquisitions 7,902 Foreign currency effects on Goodwill (1,172 ) Balance as of June 30, 2016 $ 141,669 Goodwill additions related to prior acquisitions (58 ) Foreign currency effects on Goodwill (157 ) Balance as of June 30, 2017 $ 141,454

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2017
Income Taxes	7. Income Taxes The components of the expense for income taxes are as follows: 2017 2016 Federal: Canada Current $ 951 $ 203 Deferred (1,185 ) (57 ) (234 ) 146 Provincial: Canada Current 478 156 Deferred (908 ) (44 ) (430 ) 112 Foreign: Current 1,057 200 Deferred 4,273 2,380 5,330 2,580 Total provision $ 4,666 $ 2,838 The components of income before income tax expense for income taxes are as follows: 2017 2016 Domestic $ 11 $ 3,111 Foreign 11,115 5,764 Total $ 11,126 $ 8,875 The difference between the effective rate reflected in the income tax expense for income taxes and the amount determined by applying the Canadian statutory rate to income before income taxes for the fiscal years ended June 30, 2017 and June 30, 2016 is analyzed below: 2017 2016 Provision for income taxes at statutory rate $ 1,669 $ 1,331 Provincial taxes 1,280 1,020 Foreign rate differential 1,690 574 Canadian rate difference — (324 ) Release of Valuation Allowance (337 ) — Impact of Sale of Oil & Gas Assets (538 ) — Permanent items 366 572 Prior Year adjustments 583 (453 ) Uncertain tax position (85 ) 143 Other 38 (25 ) $ 4,666 $ 2,838 Deferred taxes arise because of the differences in the book and tax basis of certain assets and liabilities. Significant components of deferred tax assets and (liabilities) are as follows: 2017 2016 Deferred tax liabilities Intangibles $ (23,490 ) $ (24,340 ) Property and equipment (54,031 ) (56,517 ) Total deferred tax liabilities (77,521 ) (80,857 ) Deferred tax assets: Net operating loss carry forward 14,432 22,053 Other 19,224 17,058 Total deferred tax assets 33,656 39,111 Valuation allowance — (337 ) Net deferred tax assets 33,656 38,774 Net deferred tax liabilities $ (43,865 ) $ (42,083 ) It is the Company’s intention to reinvest the undistributed earning of its foreign subsidiaries and thereby indefinitely postpone their remittance. As a result, deferred income taxes have not been provided on undistributed earnings of foreign subsidiaries of the Company. It is not practical to compute the deferred tax liability and as such is not recorded. The following table summarizes the gross amounts of unrecognized tax benefits without regard to reduction in tax liabilities if such unrecognized tax benefits were settled. 2017 2016 Balance at July 1, $ 528 $ 455 Additions for tax position related to prior year — 253 Lapse of Statute of Limitation (85 ) (180 ) Balance at June 30, $ 443 $ 528 The total amount of the unrecognized tax benefits, if recognized would favorably impact the effective tax rate by $0.4 million. Not reflected in the amounts above are approximately seventy thousand dollars of interest and penalties for the fiscal years ended June 30, 2017 and 2016, respectively, which are included as a component of the income tax expense on the consolidated statement of operations. The Company’s income taxes are subject to review by taxing authorities in both the United States and Canada. The Company’s U. S taxes have been examined through the tax year ended June 30, 2014 and the Company’s Canadian taxes have been examined through the tax year ended June 30, 2012. At June 30, 2017, the Company has available U.S. net operating loss carry forwards of approximately $36.6 million expiring in the years 2026 through 2034, state net operating loss carryforwards of approximately $3.5 million expiring in the years 2023 through and 2037 and no Canadian non-capital

Debt

Debt	12 Months Ended
	Jun. 30, 2017
Debt	8. Debt Indebtedness of the Company includes the following: Amounts Outstanding at June 30, 2017 June 30, 2016 Current Long Term Current Long Term Fourth Amended and Restated Credit Agreement Revolving credit facility $ — $ 172,088 $ — $ 120,129 Convertible Debentures — 123,295 — 117,696 Senior Secured Notes — — — 35,000 Less: unamortized debt issuance costs on the Convertible Debentures and Senior Secured Notes — (4,036 ) — (3,153 ) $ — $ 291,347 $ — $ 269,672 Maturities of long-term debt are as follows: Fourth Amended Convertible Credit Facility Debentures Total Year ending June 30, 2018 $ — $ — $ — 2019 — 57,795 57,795 2020 — — — 2021 — — — 2022 172,088 65,500 237,588 Thereafter — — — $ 172,088 $ 123,295 $ 295,383 Fourth Amended and Restated Credit Agreement and Senior Secured Notes On July 27, 2016 the Company entered into a Fourth Amended and Restated Credit Agreement (the “Credit Agreement”). The new amended credit facility increased the commitments to $340.0 million, from the previous commitments of $225.0 million and extended the maturity date to July 27, 2021. The increase in the size of the facility resulted from the addition of two new lenders to the bank group and certain existing lenders increasing their commitments. The new amended facility also provides for a US $100 million “accordion feature”, which provides access to a larger facility should it be needed in the future. The amendment qualifies as a modification of debt and as such, transaction costs related to the modification have been recorded in other assets in the consolidated balance sheet and are being amortized over the term of the Credit Agreement. The Company used drawings under the Credit Agreement in part to repurchase the US $35.0 million Senior Secured Notes which were due November 10, 2016. The current commitments at June 30, 2017 include a US $290.0 million loan facility and a Canadian $50.0 million loan facility both of which are available to fund working capital requirements and to fund acquisitions and investment requirements for new revenue and bid-in The Company may request an increase to the $340.0 million in commitments for up to an additional $100.0 million in additional commitments (the “Accordion Feature”), so long as no default or event of default has occurred and is continuing. Each lender under the Credit Agreement shall have the option to subscribe for a portion of the remaining Accordion Feature and any portion not so subscribed may be assumed by one or more of the existing lenders or by another financial institution as agreed by the Company and the Agent under the agreement. At June 30, 2017 the Company had approximately $165.6 million in borrowing availability under the Credit Agreement, subject to continued covenant requirements (excluding the $100.0 million accordion feature in additional commitments the Company may request under the Credit Agreement). On September 1, 2016, in accordance with the Note Purchase Agreement dated December 14, 2006, between the Company, Sun Life Assurance Company of Canada, London Life Insurance Company and Computershare Trust Company, N.A., the Company redeemed its Senior Secured Notes for $35.5 million in cash. The redemption amount was comprised of the principal amount of $35.0 million, plus interest and a make-whole payment totaling approximately $0.5 million in the aggregate. Borrowings under the Credit Agreement are collateralized by (i) the unencumbered assets of STA Holdings and its subsidiaries, and certain shares of the capital stock of STA Holdings and the capital stock of each of its subsidiaries and (ii) by the unencumbered assets of Parkview Transit and its subsidiaries and the capital stock of Parkview Transit and the capital stock of each of its subsidiaries. In addition, payment and performance of the obligations under the Credit Agreement are guaranteed by each of STA Holdings’ subsidiaries. Borrowings under the Credit Agreement may be Base Rate Loans or Eurodollar Loans, as defined in the Credit Agreement. Base Rate Loans bear interest at the base rate, as defined in the Credit Agreement (4.25% at June 30, 2017), plus the applicable margin, which ranges from 0.50% to 1.25% depending on STA Holdings’ senior leverage ratio on the pricing date. Eurodollar Loans bear interest at the adjusted LIBOR rate, as defined in the Credit Agreement (1.422940% at June 30, 2017), plus the applicable margin, which ranges from 1.75% to 2.50% depending on STA Holdings’ senior leverage ratio on the pricing date. The effective interest rate on the Credit Agreement was 3.82% for the year ended June 30, 2017. The Company was in compliance with all debt covenants related to the Fourth Amended and Restated Credit Agreement at June 30, 2017. Convertible Debentures On August 16, 2016, the Company issued the Cdn$ 5.25% convertible unsecured subordinated debentures due September 30, 2021 at a price of $1,000 per debenture, for total gross proceeds of $65.8 million (Cdn $85.0 million). The issue costs of approximately $3.2 million (Cdn $4.2 million) have been recorded as a component of debt on the balance sheet and are being amortized over the term of the debentures using the effective interest method. Interest on the Cdn$ 5.25% Convertible Debentures due September 30, 2021 is payable semi-annually, in arrears, on March 31 and September 30 of each year. Each Cdn$ 5.25% Convertible Debenture is convertible into common shares of the Company at the option of the holder at any time prior to the close of business on the earlier of the business day immediately preceding the maturity date or, if called for redemption, on the business day immediately preceding the date fixed for redemption, at a conversion price of Cdn $9.35 per common share (the “Cdn$ 5.25% Convertible Debenture Conversion Price”) which is equivalent to 106.9519 common shares for each Cdn $1,000 principal amount of the Cdn$ 5.25% Convertible Debentures. The Cdn$ 5.25% Convertible Debenture is not redeemable prior to September 30, 2019. The Company has the right, at its option, to redeem the Cdn$ 5.25% Convertible Debentures in whole or in part, from time to time, on or after September 30, 2019 but prior to September 30, 2020, on at least 30 days prior notice at a redemption price equal to par plus accrued and unpaid interest, provided that the weighted average trading price of the common shares on a recognized exchange for the 20 consecutive trading days ending five trading days prior to the date on which the redemption notice is given is at least 125% of the Cdn$ 5.25% Convertible Debenture Conversion Price. After September 30, 2019 and prior to maturity the Company has the right, at its option to redeem the Cdn$ 5.25% Convertible Debentures in whole or in part, from time to time, on at least 30 days prior notice at a redemption price equal to par plus accrued and unpaid interest. On August 23, 2016, the Company announced that it called for the early redemption and settlement of the 6.25% US$ convertible unsecured subordinated debentures (the “US$ 6.25% Convertible Debentures”). Subsequent to announcement, approximately $0.1 million of the US$ 6.25% Convertible Debentures were converted into 6,736 shares of common stock. On September 19, 2016 the Company redeemed the remaining $59.9 million principal amount of US$ 6.25% Convertible Debentures for cash in accordance with the Trust Indenture dated June 7, 2011, between STI and Computershare Trust Company of Canada governing the US$ 6.25% Convertible Debentures. In connection with the redemption, approximately $1.0 million in unamortized deferred financing costs were expensed in the year ended June 30, 2017. On November 12, 2013, the Company issued the Cdn$ 6.25% Convertible Debentures due June 30, 2019 at a price of $1,000 per debenture, for total gross proceeds of $71.4 million (Cdn $75.0 million). The issue costs of approximately $3.5 million (Cdn $3.6 million) have been recorded as a component of debt on the consolidated balance sheet and are being amortized over the term of the Cdn$ 6.25% Convertible Debentures due June 30, 2019, using the effective interest method. Interest on the Cdn$ 6.25% Convertible Debentures due June 30, 2019 is payable semi-annually, in arrears, on June 30 and December 31 of each year. Each Cdn$ 6.25% Convertible Debenture due June 30, 2019 is convertible into common shares of the Company at the option of the holder at any time prior to the close of business on the earlier of the business day immediately preceding the maturity date or, if called for redemption, on the business day immediately preceding the date fixed for redemption, at a conversion price of Cdn $9.05 per common share (the “Cdn$ 6.25% Convertible Debenture Conversion Price”) which is equivalent to 110.4972 common shares for each Cdn $1,000 principal amount of the Cdn$ 6.25% Convertible Debentures due June 30, 2019. The Cdn$ 6.25% Convertible Debentures due June 30, 2019 were not redeemable prior to June 30, 2017. The Company will have the right, at its option, to redeem the Cdn$ 6.25% Convertible Debentures due June 30, 2019 in whole or in part, from time to time, on or after June 30, 2017 but prior to June 30, 2018, on at least 30 days prior notice at a redemption price equal to par plus accrued and unpaid interest, provided that the weighted average trading price of the common shares on a recognized exchange for the 20 consecutive trading days ending five trading days prior to the date on which the redemption notice is given is at least 125% of the Cdn$ 6.25% Convertible Debenture Conversion Price. After June 30, 2018 and prior to maturity the Company will have the right, at its option to redeem the Cdn$ 6.25% Convertible Debentures due June 30, 2019 in whole or in part, from time to time, on at least 30 days prior notice at a redemption price equal to par plus accrued and unpaid interest. On June 7, 2011, the Company issued the US$ 6.25% Convertible Debentures due June 30, 2018 at a price of $1,000 per debenture, for total gross proceeds of $60.0 million. The issue costs of approximately $3.0 million were recorded as a component of debt on the consolidated balance sheet and were being amortized over the term of the US$ 6.25% Convertible Debentures due June 30, 2018, using the effective interest method. The conversion feature of this debenture provides that these US dollar denominated notes could be converted into Canadian dollar denominated common shares of the Company. As such, the conversion feature represented an embedded derivative that was required to be bifurcated and accounted for separately. The conversion feature of this debenture provided that the US dollar denominated notes could be converted into Canadian dollar denominated common shares of the Company. The conversion feature represented an embedded derivative that was required to be bifurcated and accounted for separately. The embedded derivative liability, which was included as a component of other liabilities in the consolidated balance sheet, was reduced to nil in connection with the early redemption. In addition, as the functional currency of STI is the Canadian dollar, unrealized gains or losses on re-measurement Interest on the US$ 6.25% Convertible Debentures was payable semi-annually, in arrears, on June 30 and December 31 of each year. Each US$ 6.25% Convertible Debenture was convertible into common shares of the Company at the option of the holder at any time prior to the close of business on the earlier of the business day immediately preceding the maturity date or, if called for redemption, on the business day immediately preceding the date fixed for redemption, at a conversion price of $9.50 per common share (the “US$ 6.25% Convertible Debenture Conversion Price”) which is equivalent to 105.2632 common shares for each $1,000 principal amount of the US$ 6.25% Convertible Debenture. The US$ 6.25% Convertible Debentures were not redeemable prior to June 30, 2014. The Company had the right, at its option, to redeem the US$ 6.25% Convertible Debentures in whole or in part, from time to time, on or after July 1, 2014 but prior to June 30, 2016, on at least 30 days prior notice at a redemption price equal to par plus accrued and unpaid interest, provided that the weighted average trading price of the common shares on a recognized exchange for the 20 consecutive trading days ending five trading days prior to the date on which the redemption notice is given is at least 125% of the US$ 6.25% Convertible Debenture Conversion Price. After June 30, 2016 and prior to maturity the Company had the right, at its option to redeem the US$ 6.25% Convertible Debentures in whole or in part, from time to time, on at least 30 days prior notice at a redemption price equal to par plus accrued and unpaid interest. The Cdn$ 6.25% Convertible Debentures, the US$ 6.25% Convertible Debentures and the Cdn$ 5.25% Convertible Debentures are collectively referred to as the “Convertible Debentures”. The Convertible Debentures are subordinate to the Fourth Amended and Restated Credit Agreement. The Company may at its option, subject to applicable regulatory approval, elect to satisfy its obligation to pay the outstanding principal amount of the Convertible Debentures in whole, by issuing and delivering common shares for each Cdn $1,000 principal amount of the Cdn$ 6.25% Convertible Debentures and of the Cdn$ 5.25% Convertible Debentures. The amount of common shares delivered is obtained by dividing each principal amount of Convertible Debentures by 95% of the current market price of the common shares on the date set for redemption or the maturity date. The Company may elect, subject to applicable regulatory approval, to issue and deliver common stock of the Company to the indenture trustee under the Convertible Debentures indentures, to sell in the open market, to satisfy the Company’s obligation to pay interest on the Convertible Debentures on each interest payment date. The Convertible Debenture holders will receive a cash payment in satisfaction of the interest obligation equal to the interest payable from the sale of such common shares. The Company must commence, within 30 days of a Change in Control (as defined in the Convertible Debenture indentures), an offer to purchase all of the Convertible Debentures then outstanding at a purchase price equal to 101% of the principal amount of the Convertible Debentures, plus accrued and unpaid interest thereon. The Company expects to be able to repay, renew or refinance its various loan facilitates and Convertible Debentures as they become due with other long term financing options.

Common Shares

Common Shares	12 Months Ended
	Jun. 30, 2017
Common Shares	9. Common Shares The authorized share capital of the Company consists of an unlimited number of no par value common and preferred shares. At June 30, 2017 there are no preferred shares issued and outstanding. Pursuant to its Dividend Reinvestment Plan (the “Plan”), the Company issued 439,388 and 1,028,064 common shares during the fiscal years ended June 30, 2017 and 2016, respectively. The shares issued pursuant to the plan represent non-cash non-cash The Company renewed its normal course issuer bid (“NCIB”) on May 19, 2017. Pursuant to the notice, the Company is permitted to acquire up to a maximum amount of Common Shares equal to 9,225,542 Common Shares in the twelve month period commencing May 24, 2017 and ending on May 23, 2018, subject to the Company’s senior debt agreement requirements. The Company did not repurchase any shares during the fiscal year ended June 30, 2017. During the 2016 fiscal year, the Company purchased and cancelled 575,226 common shares having a value of $2.3 million, pursuant to the NCIB that was in effect at the time. On February 23, 2017, the Company issued 2,282,104 shares of stock having an approximate value of $12.8 million in connection with the Share Exchange and redemption of the Class B Series Three common shares, which have been recorded as a non-cash During September 2016, the Company issued 6,736 shares of stock having an approximate value of $0.1 million in connection with conversions of the Company’s US$ 6.25% Convertible Debentures, which were recorded as a non-cash On April 11, 2016, pursuant to a block trade, the Company acquired and cancelled the remaining 5.0 million shares held by SNCF-Participations (“SNCF-P”), SNCF-P SNCF-P SNCF-P “non-core During the 2016 fiscal year, the Company issued a total of 309,161 shares having an approximate value of $1.0 million in connection with the acquisition of the two transportation consulting and management services firms, which were recorded as a non-cash On May 8, 2015, the Board of Directors of the Company approved a change in the currency of the monthly dividend to U.S dollars, effective July 1, 2015, with the first U.S. dollar dividend payable August 17, 2015 to shareholders of record on July 31, 2015. Common shares issued and outstanding are 94,631,743 and 91,903,515 million at June 30, 2017 and 2016, respectively. The changes in accumulated other comprehensive income for foreign currency translation is as follows: 2017 2016 Balance at June 30, $ 13 $ (2,120 ) Foreign currency translation 176 2,133 Current period comprehensive income 176 2,133 Balance at June 30, $ 189 $ 13 There were no reclassifications out of accumulated other comprehensive income.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Jun. 30, 2017
Earnings Per Share	10. Earnings Per Share The following table sets forth the basic and diluted weighted average share amounts: Twelve months ended Twelve months ended June 30, 2017 June 30, 2016 Weighted-average shares outstanding-basic 92,936,942 95,495,357 Potential dilutive effect of shares to be issued to settle the debentures 17,616,722 14,603,082 Weighted-average shares outstanding-diluted 110,553,664 110,098,439 The computations for basic and diluted income per common share are as follows: Twelve months ended Twelve months ended June 30, 2017 June 30, 2016 Net income –basic $ 6,460 $ 6,037 Add back: Interest expense on debentures (net of tax) 4,613 4,472 Net income used for diluted earnings per share 11,073 10,509 Basic income per share $ 0.07 $ 0.06 Diluted income per share $ 0.07 $ 0.06 The conversion of the convertible debentures is anti-dilutive for both years ended June 30, 2017 and 2016.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Jun. 30, 2017
Stock-Based Compensation	11. Stock-Based Compensation The shareholders of the Company approved the adoption of the STA Holdings Equity Incentive Plan (“EIP”) by STA Holdings in December 2005. The shareholders also approved the initial allotment of Class B common shares available for issuance under the EIP in December 2005, with subsequent approvals of additional allotments in November 2008 and November 2012. Following the Share Exchange described below, the EIP was terminated. On November 8, 2016, the Company’s shareholders approved two special business items at the Company’s 2016 Annual and Special Meeting of shareholders. The first item related to the approval of a new performance share grant plan of the Company (the “New PSG Plan”). The New PSG Plan will replace the EIP originally set up at the STA Holdings level. Under the New PSG Plan, participants will be eligible to receive performance share grant units from the Company (“PSG Units”) that are redeemable for common shares of the Company. The vesting of PSG Units will be based entirely upon the achievement of multiple pre-defined The Class B Series Three shares which had been granted to management under the STA Holdings EIP were accounted for as a liability upon issuance, as a result of a “put” option they contained. The holders of the Class B Series Three common shares were entitled to receive dividends, as and when declared by the board of directors of STA Holdings, approximately equivalent to the dividends received by the holders of STI common shares. Pursuant to the liquidity provisions of the EIP, the holders of Class B Series Three common shares had an option to “put” up to one third of the shares awarded each year back to the Company, starting one year immediately following the grant. The Class B Series Three common shares granted were fully vested on the grant date. These shares were classified as a liability and re-measured Equity Risk The following tables summarize the Class B Series Three common shares granted, (net of shares withheld for income tax withholding at the election of participants), shares redeemed and shares outstanding pursuant to the EIP: For the year ended June 30, 2017 Shares Taxes Total outstanding Shares outstanding at June 30, 2016 3,376,699 (1,319,928 ) 2,056,771 Grants 1,018,114 (362,468 ) 655,646 Redemptions (430,313 ) — (430,313 ) STI/B3 Share Exchange (3,964,500 ) 1,682,396 (2,282,104 ) Shares outstanding at June 30, 2017 — — — The Company recognized $5.8 million in non-cash non-cash The following tables summarize the Class B Series Three common shares granted, shares withheld for income tax withholdings at the election of the participants, shares redeemed and shares outstanding pursuant to the EIP: For the year ended June 30, 2016 Shares Taxes Total outstanding Shares outstanding at June 30, 2015 2,493,603 (902,392 ) 1,591,211 Grants 1,023,008 (417,536 ) 605,472 Redemptions (139,912 ) — (139,912 ) Shares outstanding at June 30, 2016 3,376,699 (1,319,928 ) 2,056,771 The Company recognized $4.0 million in non-cash

Financial Instruments

Financial Instruments	12 Months Ended
	Jun. 30, 2017
Financial Instruments	12. Financial Instruments The Company’s financial assets and liabilities are as follows: As at As at June 30, 2017 June 30, 2016 Cash $ 10,964 $ 7,759 Accounts receivable, net 68,747 63,018 Equity hedge 485 1,114 $ 80,196 $ 71,891 Accounts payable $ 1,101 $ 8,946 Other accrued liabilities 70,467 47,583 Class B Series Three share liability — 10,449 Long-term debt 291,347 269,672 Conversion right on 6.25% Convertible Debentures — 190 Other long term liabilities 20,581 19,831 $ 383,496 $ 356,671 The carrying amounts of cash, accounts receivable, accounts payable, and other accrued liabilities approximate fair value because of the short-term maturity of these items. The carrying amount of long-term debt, which bears interest at both fixed and floating rates, also approximates fair value. The equity hedge was measured at fair value using appropriate valuation methodologies which includes using the forward price on the Company’s stock. The fair value of the Class B Series Three common share liability was based upon an amount equal to the weighted average trading price of the STI common shares for the 10 consecutive trading days immediately prior to the date of valuation. Other long term liabilities consist primarily of insurance reserves which are valued upon actuarial analysis. The fair value of a financial instrument is the amount of consideration that could be agreed upon in an arm’s length transaction between knowledgeable willing parties who are under no compulsion to act. In certain circumstances, however, the initial fair value may be based upon other observable current market transactions in the same instrument, without modification or on a valuation technique using market-based inputs. Fair value measurements are categorized using a fair value hierarchy that reflects the significance of inputs used in determining the fair values: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets or liabilities or valuation techniques where significant inputs are based on observable market data. Level 3: Valuation techniques for which any significant input is not based on observable market data. Each type of fair value is categorized based on the lowest level input that is significant to the fair value measurement in its entirety. The fair values of the Company’s financial assets and liabilities measured on a recurring basis were categorized as follows: As at June 30, 2017 Level 1 Level 2 Level 3 Total Equity Hedge asset $ — $ 485 $ — $ 485 As at June 30, 2016 Level 1 Level 2 Level 3 Total Interest rate swap — $ 216 — $ 216 Equity hedge asset — (1,114 ) — (1,114 ) Class B Series Three common share liability — 10,449 — 10,449 Conversion right on US$ 6.25% Convertible Debentures — — 190 190 Net liabilities $ — $ 9,551 $ 190 $ 9,741 The following tables summarize the changes in the Company’s level 3 financial instrument for the twelve months ended June 30, 2017 and 2016, respectively. Conversion rights on US$ 6.25% Convertible Debentures For the twelve months ended June 30, 2017 2016 Balance at June 30, $ 190 $ 9 Non-cash (190 ) 177 FX impact on conversion feature — 4 Balance at June 30, $ — $ 190 The increase in the fair value of the conversion rights was driven largely by the change in the Company’s stock price volatility which increased to 26.5% from 17.0% in the twelve months ended June 30, 2016. The Company used a binomial model to fair value the conversion rights on the 6.25% Convertible Debentures which takes into account the Company’s stock price volatility, the bond yield and other market factors. This is considered a level 3 value due to the sensitivity of the model to movements in volatility which is not directly observable. The change in fair value of the conversion rights led to a loss of $0.2 million in the consolidated statement of operations for the year ended June 30, 2016. The Company has exposure to interest rate risk, foreign currency exchange risk, equity risk and credit risk. The Company’s management has overall responsibility for the establishment of the Company’s risk management framework, with oversight provided by the Board of Directors. Interest Rate Risk The Company’s interest rate risk primarily arises from its variable rate borrowings under the senior credit facility, which bears a floating rate of interest. The Company manages its interest rate exposure by using a combination of fixed and variable rate debt. The Company also had in place an interest rate swap for a notional amount of $50.0 million of credit facility borrowings, which matured in February 2017. The swap was not designated as a hedge for accounting purposes therefore the changes in fair value of the interest rate swap were recorded in the condensed consolidated statement of operations as a component of interest expense. The Company recorded a non cash gain of $0.2 million and $0.1 million for the year ended June 30, 2017 and 2016, respectively, in connection with the changes in fair value of the swap. These amounts are included in the consolidated statement of operations as a component of interest expense. The Company has secured fixed rate financing in the form of its Convertible Debentures. At June 30, 2017, the Company had $172.1 million in outstanding senior indebtedness (comprised of revolving credit facility borrowings) and $123.3 million in fixed rate Convertible Debentures. A 100 basis point change in interest rates, with all other variables held constant, applied to the outstanding credit facility borrowings as at June 30, 2017, would result in an annual change in interest expense and a corresponding change in cash flows of approximately $1.7 million. Foreign Currency Exchange Risk The Company has not entered into any hedge arrangement with respect to the principal payments of the Convertible Debentures upon maturity. Company uses cash flows from its Canadian operations to partially mitigate the exchange rate risk on the Convertible Debentures interest payments. The Company prepares its financial statements in U.S. dollars. In connection with the Company’s Canadian operations, approximately 12.8% of the Company’s consolidated income before taxes are incurred in Canadian dollars. The results of the Canadian operations are translated into U.S. dollars for financial statement reporting purposes. Changes in the Canadian dollar / U.S. dollar currency exchange rate from period to period will impact the translated U.S. dollar equivalent results of the Canadian operations. The Company recorded a gain of $0.1 million on the translation of the Canadian operations into U.S dollars for the year ended June 30, 2017. The Company recorded a loss of $0.1 million for the year ended June 30, 2017 on the translation of its monthly dividends into U.S. dollars. Both of these transactions are recorded in foreign currency loss in the consolidated statements of operations. Equity Risk In April 2016, the Company entered into an equity hedge with a major Canadian bank to partially mitigate changes in the liability associated with the Class B shares which were outstanding pursuant to the Company’s EIP plan. The Company is in the process of unwinding the equity hedge as the Class B shares are no longer outstanding. Approximately 8% of the shares initiated in connection with the hedge remain outstanding as at June 30, 2017. The equity hedge has not been designated as a hedge for accounting purposes, therefore the changes in fair value of the equity hedge are recorded in the consolidated statement of operations as a component of other income. For the year ended June 30, 2017, the Company recorded a gain of $2.0 million which consisted of both realized gains on the partial liquidation of the hedge as well as changes in the fair market value of the remaining hedge. The Company recorded a non cash gain of $1.1 million for the year ended June 30, 2016, in connection with the changes in fair value of the hedge. All of these amounts are included in the consolidated statement of operations as a component of other income. The value of the equity hedge at June 30, 2017 represents an asset of $0.5 million all of which is recorded in other current assets. Credit Risk The Company is exposed to credit risk in its cash and cash equivalents, accounts receivable and to the credit risk of its derivative financial instrument counterparties if they do not meet their obligations. The Company minimizes the credit risk of cash by depositing such with only reputable financial institutions with federally insured backing. The Company minimizes the credit risk of its derivative financial instruments by dealing only with reputable financial institutions and monitoring the credit risk of these financial institutions. As the Company does not utilize credit derivatives or similar instruments, the maximum exposure to credit risk is the full carrying value of the financial instrument or face value of open derivative financial instruments. Receivables from the transportation segment are secured by the creditworthiness of local municipalities and agencies. The majority of the customers are local school districts that are funded through a combination of local taxes and funding from state/provincial and federal governments. The Company has historically had excellent collections experience with these customers and believes that these receivables are collectable. Receivables from the oil and gas segment were due from reputable general partners operating large partnerships in the oil and gas industry. Consistent with the Company’s history there were minimal write-offs of accounts receivable during the fiscal years ended June 30, 2017 and 2016.

Segment Information

Segment Information	12 Months Ended
	Jun. 30, 2017
Segment Information	13. Segment Information The Company had two reportable segments, a transportation segment and an oil and gas segment. The Company sold all of the oil and gas assets in June 2017. The transportation segment provides school transportation and management services to public and private schools in both the United States and Canada. The table below summarizes revenue and assets by geographical area for the transportation segment for the years ended June 30, 2017 and 2016: 2017 Revenues Property and Goodwill United States $ 569,561 $ 206,476 $ 107,329 Canada 66,450 24,722 34,125 Total $ 636,011 $ 231,198 $ 141,454 For the year ended June 30, 2017, the oil and gas segment, which was located in the United States, had revenues of $1.3 million. There was no goodwill associated with this segment. 2016 Revenues Property and Goodwill United States $ 534,098 $ 202,055 $ 107,386 Canada 64,709 26,517 34,283 Total $ 598,807 $ 228,572 $ 141,669 For the year ended June 30, 2016, the oil and gas segment, which was located in the United States, had revenues of $1.4 million and net oil and gas interests of $5.4 million. There was no goodwill associated with this segment. The accounting policies of the segments are the same as those described in the basis of presentation. There are no inter-segment sales. Reportable operating segments: 2017 2016 Revenue Transportation $ 636,011 $ 598,807 Oil and gas 1,306 1,387 $ 637,317 $ 600,194 Operating earnings (losses) Transportation $ 28,548 $ 26,733 Oil and gas (783 ) (3,137 ) 27,765 23,596 Loss on disposal of oil and gas assets 1,359 — Unallocated expenses 15,280 14,721 Tax expense 4,666 2,838 Net Income $ 6,460 $ 6,037 Capital Expenditures Transportation $ 34,326 $ 66,642 Oil and gas 197 375 $ 34,523 $ 67,017 Depreciation, depletion and amortization Transportation $ 49,726 $ 50,194 Oil and gas 672 967 $ 50,398 $ 51,161 * The oil and gas operating results include impairment charges of $0.2 million and $1.6 million for fiscal years 2017 and 2016, respectively.

Lease Commitments

Lease Commitments	12 Months Ended
	Jun. 30, 2017
Lease Commitments	14. Lease Commitments The Company leases certain facilities under non-cancelable non-cancelable The following represent future minimum rental payments and operating lease payments under non cancelable operating leases: Facility Leases Vehicle Leases Total Year ending June 30, 2018 $ 16,070 $ 39,902 $ 55,972 2019 10,619 35,626 46,245 2020 6,771 29,436 36,207 2021 4,680 18,384 23,064 2022 2,763 8,093 10,856 2023 and thereafter 2,080 71 2,151 Total minimum payments $ 42,983 $ 131,512 $ 174,495

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Jun. 30, 2017
Employee Benefit Plans	15. Employee Benefit Plans The Company has a qualified defined contribution benefit plan, which allows for voluntary pre-tax

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2017
Commitments and Contingencies	16. Commitments and Contingencies The Company is subject to certain claims and lawsuits arising in the normal course of business, most of which involve claims for personal injury and property damage incurred in connection with its operations. The Company maintains automobile, workers’ compensation and general liability insurance coverage with deductible amounts for each incident that is the financial responsibility of the Company. The Company accrues for estimated deductible amounts when the incident occurs. The Company’s insurance program is designed to minimize the financial risk associated with claims. The primary risks in the Company’s operations are bodily injury and property damage to third parties. In the opinion of management, uninsured losses related to deductible amounts resulting from the ultimate resolution of these matters will not have a material effect on the Company’s financial position, results of operations or cash flows. As part of collateral agreements supporting its insurance programs, the Company had $1.2 million and $1.0 million of letters of credit outstanding at June 30, 2017 and 2016, respectively and $0.9 million of cash deposits at both June 30, 2017 and 2016, respectively which are included in other assets in the consolidated balance sheet. Certain of the Company’s contracts contain performance or surety bond requirements. These bonds are written by certified surety underwriters. For the most recent fiscal year, outstanding performance bonds aggregated $72.7 million. There are no collateral requirements for these surety bonds.

Additional Financial Informatio

Additional Financial Information	12 Months Ended
	Jun. 30, 2017
Additional Financial Information	17. Additional Financial Information Select additional financial information consists of the following: At June 30 2017 2016 Prepaid Expenses Prepaid Insurance $ 12,625 $ 10,069 Other 4,355 4,261 $ 16,980 $ 14,330 Other Current Assets Fuel Tax Receivable $ 1,482 $ 2,152 Equity Hedge 485 — Other 1,918 1,064 $ 3,885 $ 3,216 Accrued Expenses and Accounts Payable Accrued Accounts Payable $ 12,302 $ 8,914 Dividends Payable 13,877 13,480 Insurance 13,525 11,630 Wages and Benefits 6,664 8,729 Class B Shares — 7,681 Taxes Payable 1,315 1,586 Deferred Revenue 577 621 Accrued Fixed Assets 17,194 306 Other 5,013 2,317 $ 70,467 $ 55,264 Other Liabilities Insurance $ 19,025 $ 18,522 Other 1,556 2,026 $ 20,581 $ 20,548

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2017
Subsequent Events	18. Subsequent Events On August 23, 2017, the Company closed its acquisition of all of the outstanding common stock of Annapolis Bus Company, Inc. and Towne Transport LLC, (“Annapolis”) located in Annapolis, Maryland for approximately $10.0 million, consisting of $8.5 million in cash $0.5 million in deferred payments and $1.0 million in common stock.

Basis of Presentation (Policies

Basis of Presentation (Policies)	12 Months Ended
	Jun. 30, 2017
Foreign Currency Translation	Foreign Currency Translation Monetary assets and liabilities denominated in a currency other than the functional currency are translated at the rate of exchange prevailing at the balance sheet date. Transactions denominated in a currency other than the functional currency are translated at the rate of exchange prevailing on the transaction date. Gains and losses on translation of these items are considered transaction gain and losses and are included in the consolidated statements of operations in foreign currency (gain) loss. The functional currency of STI, the parent, and the Company’s Canadian operations, is the Canadian dollar. The functional currency of STA Holdings and the Company’s operations in the United States is the U.S. dollar. The Company’s financial statements are reported in U.S. dollars, as the principal operations and cash flows of its subsidiaries are conducted in U.S. dollars. As a result, the assets and liabilities of STI and the Company’s Canadian operations are translated into U.S. dollars using the exchange rate in effect at the period end and revenues and expenses are translated at the average rate during the period. Exchange gains and losses on translation are deferred as a separate component of shareholders’ equity. The Company’s Cdn$ 5.25% convertible subordinated unsecured debentures (the “Cdn$ 5.25% Convertible Debentures”) and the Cdn$ 6.25% convertible subordinated unsecured debentures (the “Cdn$ 6.25% Convertible Debentures”), of STI are, as described in Note 8, denominated in Canadian dollars. As the functional currency of STI is the Canadian dollar, exchange gains or losses related to the Cdn$ 5.25% Convertible Debentures and the Cdn$ 6.25% Convertible Debentures on the translation of the STI financial statements into U.S. dollars, the reporting currency, are deferred as a separate component of shareholders’ equity. The US$ 6.25% convertible subordinated unsecured debentures (the “6.25% Convertible Debentures”) of STI, as described in Note 8, were denominated in U.S. dollars. As the functional currency of STI is the Canadian dollar, unrealized gains or losses on re-measurement Foreign currency transaction gains and losses, related to short-term related intercompany loans are recorded in the Consolidated Statement of Operations as incurred. Foreign currency transaction gains and losses for intercompany loans that are considered long-term in nature are recorded in Accumulated Other Comprehensive Income as incurred.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all cash balances and highly liquid investments with maturities of three months or less from the date of purchase. At June 30, 2017 and June 30, 2016 there were no cash equivalents.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company bases its estimates on historical experience, actuarial evaluations and on various other assumptions that it believes are reasonable under the circumstances. Amounts reported based upon these estimates include, but are not limited to, insurance reserves, income taxes, goodwill and intangible assets, derivatives, certain components of long term debt and impairment testing of long-lived assets.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The Company establishes provisions for losses on accounts receivable if it is determined that all or part of the outstanding balance is not collectable. Collectability is reviewed regularly and an allowance is established or adjusted, as necessary, using the specific identification method.
Concentration of Credit Risk	Concentration of Credit Risk Credit is extended based on an evaluation of the customer’s financial condition and, generally, advance payment is not required. The Company has no individual customers which account for more than 10% of its revenues. Anticipated credit losses are provided for in the financial statements. Management monitors the financial condition of its customers to reduce the risk of loss.
Inventories	Inventories Inventories, consisting primarily of repair parts and vehicle accessories, are valued at the lower of cost or market determined on a first-in, first-out
Property and Equipment	Property and Equipment Property and equipment is recorded at cost or at fair value if obtained as part of a business acquisition, less accumulated depreciation. Ordinary maintenance and repairs are expensed as costs are incurred. Depreciation on transportation equipment is computed on a usage basis over the estimated useful lives of the assets, which approximate a range from seven to eleven years. Annually, management assesses the useful lives of these assets and any changes in estimated useful lives are accounted for prospectively. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful lives of the assets. Buildings are depreciated on a straight line basis over 40 years. Other property and equipment is depreciated on a straight line basis over three to five years. The Company recorded depreciation expense of $46.6 million and $47.0 million for the years ended June 30, 2017 and 2016, respectively.
Goodwill and Indefinite Lived Intangibles	Goodwill and Indefinite Lived Intangibles Goodwill represents the excess of cost over fair value of net assets acquired in business combinations accounted for under the purchase method. Goodwill and trade names are not amortized but rather assessed for impairment annually or more frequently if circumstances change and indicators of impairment are present. The annual impairment testing is performed in the fourth quarter. The annual assessment of goodwill impairment, may be performed either on a quantitative or qualitative basis. In January 2017, FASB issued ASU 2017-04 The Company also has the option to perform a qualitative assessment for goodwill impairment. Under the qualitative assessment, consideration is given to both external factors (including the macroeconomic and industry conditions) and the Company’s own internal factors (including internal costs, recent financial performance, management, business strategy, customers, and stock price). Facts and circumstances are evaluated each year to determine whether to use the qualitative or quantitative assessment. We performed a qualitative assessment during the fourth quarters of 2017 and 2016, and there was no indication of impairment for goodwill.
Other Identifiable Intangible Assets	Other Identifiable Intangible Assets When assessing the impairment for indefinite-lived trade names, the Company performs the assessment to determine if the carrying value exceeds the fair value at which time an impairment loss would be recognized in the statement of earnings in an amount equal to the excess. Fair values are derived by using discounted cash flow analyses which requires, among other factors, estimates of the amount and timing of projected cash flows and the appropriate discount rate. The Company also has the option to first assess qualitative factors to determine if a quantitative impairment test of the indefinite-live intangible asset is necessary. If the qualitative assessment reveals that it’s more likely than not that the asset is impaired, a calculation of the assets’ fair value is required. Otherwise, no quantitative calculation is necessary. The Company performed the quantitative assessment of trade names in the fourth quarters of 2017 and 2016 and there was no impairment. Definite-lived intangible assets consist of contract rights and covenants not to compete. Contract rights, which include customer relationships, are amortized on a straight-line basis over an estimated useful life of 20 to 23 years. The useful life for contract rights was determined based on third party valuation reports prepared for the Company. The valuations took into account the average length of the contracts, the expected renewal periods and assumptions regarding future renewals based upon historical customers lives. Covenants not-to-compete
Convertible Debentures	Convertible Debentures The principal amount of the Cdn$ 6.25% Convertible Debentures and the Cdn$ 5.25% Convertible Debentures are convertible into common shares of the Company at the option of the holders and the Company under certain conditions. The Company has determined that the debentures are not required to be bifurcated into separate debt and equity components. In accordance with ASC 470-20, Debt with Conversion and Other Options, non-beneficial In accordance with ASC 815, Derivatives and Hedging non-cash non-cash non-cash
Deferred Financing Costs	Deferred Financing Costs The Company incurred costs related to obtaining debt financing. The Company capitalized costs associated with its Credit Agreement, Senior Secured Notes and costs related to the issuances of the Convertible Debentures. These costs have been capitalized and are being amortized to interest expense over the term of the related debt using the effective interest rate method. The carrying value of the deferred financing costs was $6.1 million and $4.3 million as of June 30, 2017 and 2016 respectively. Amortization expense totaled $2.6 million and $1.4 million for the years ended June 30, 2017 and 2016, respectively. Deferred financing costs associated with the Company’s Credit Agreement are included in other assets while the deferred financing costs associated with the Convertible Debentures are included in long term debt as a contra liability in the consolidated balance sheet.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Management continually evaluates whether events or circumstances have occurred that indicate that the remaining estimated useful lives of property and equipment, contract rights and covenants not to compete may warrant revision or that the remaining balances may not be recoverable. Events or circumstances that would trigger testing for impairment include, but are not limited to, the loss of a significant school district customer contract, a significant increase in the Company’s expense levels absent a corresponding increase in revenue that causes operating or cash flow losses or projected operating or cash flow losses, significant adverse changes in legal factors or the business climate in which the Company operates that could affect the value of long-lived assets, or the expectation that a long-lived asset will be sold or otherwise disposed of at a loss before the end of its previously estimated useful life. If this review indicates that the assets will not be recoverable, as determined based on the undiscounted future cash flows from the use of the assets, the carrying value of the assets will be reduced to their estimated fair value. There were no indicators of impairment during the years ended June 30, 2017 and 2016.
Business Combinations	Business Combinations The Company accounts for business combinations under the principles codified in ASC 805, Business Combinations non-controlling (v) re-measurement non-controlling
Income Taxes	Income Taxes Income taxes have been computed utilizing the asset and liability approach, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities. Deferred tax assets and liabilities are measured using the currently enacted tax rates expected to be in effect for the years in which those taxes are expected to be realized or settled. A valuation allowance is recorded to reduce deferred tax assets to the amount that is believed to be more likely than not to be realized. The recorded deferred income tax liability results from a difference between the book and tax basis of certain transportation equipment, other equipment and intangible assets. The Company uses judgment in determining income tax provisions and in evaluating its tax positions under the accounting guidance for income taxes. Additional provisions for income taxes are established when, despite the belief that tax positions are fully supportable, there remain certain positions that do not meet the minimum probability threshold, which is a tax position that is more-likely-than-not
Revenue Recognition	Revenue Recognition Revenue from the Company’s school bus operations is recognized when the following criteria are met: persuasive evidence of an arrangement exists, services have been rendered, the price to the buyer is fixed and determinable, and collectability is reasonably assured. The Company bills customers on a monthly basis upon the completion of school bus routes, which are based on contracts or extension agreements with customers. Revenue from oil and gas interests was derived from the Company’s partial ownership in various oil and gas wells. As a non-operator,
Insurance Reserves	Insurance Reserves The Company had approximately $32.5 million and $30.1 million in recorded insurance reserves at June 30, 2017 and 2016, respectively. These reserves reflect the estimated deductible amounts the Company is responsible for under its workers’ compensation and vehicle liability insurance programs. Insurance expense for these items is largely dependent on the Company’s claims experience and the Company’s ability to control such claims, in addition to third party premiums/expenses associated with this coverage. The Company has recorded estimated insurance reserves for the anticipated losses on open claims and estimated reserves for incurred but not recorded claims under the workers’ compensation and vehicle liability programs based upon actuarial analysis prepared by an independent third party actuary. Although the estimates of these accrued liabilities are based on the factors mentioned above, it is possible that future cash flows and results of operations could be materially affected by changes in our assumptions or changes in claims experience. Insurance reserves are included in accrued expenses and other current liabilities and other liabilities on the consolidated balance sheet.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation and other stock-based payments using the fair value method. Under the fair value method, the fair value of stock-based compensation and other stock-based payments are estimated at the grant date and the total fair value is amortized over the vesting schedule of the awards as compensation expense. The Class B Series Three common shares issued by STA Holdings were fully vested on the grant date, and, as such, the Company recognized compensation expense when the shares were issued. In February 2017 the Company redeemed all of the remaining Class B Series Three common shares by exchanging them for STI common shares, based on the fair market value of each class of shares (See Note 9). The Company recognized $5.8 million and $4.0 million in non-cash On November 8, 2016, the Company’s shareholders approved a new performance share grant plan of the Company (the “New PSG Plan”). The New PSG Plan will replace the EIP originally set up at the STA Holdings level. Under the New PSG Plan, participants will be eligible to receive performance share grant units from the Company (“PSG Units”) that are redeemable for common shares of the Company. The vesting of PSG Units will be based entirely upon the achievement of multiple pre-defined
Accounting for Derivatives and Hedging Activities	Accounting for Derivatives and Hedging Activities Derivatives are recorded at fair value on the balance sheet, which, in accordance with ASC 820, Fair Value Measurements and Disclosure,
Segment Reporting	Segment Reporting The Company had two reportable segments, a transportation segment and an oil and gas segment. The transportation segment provides school bus and management services to public and private schools in North America. The oil and gas segment represented the Company’s investments as a non-operator
Oil and Gas Interests	Oil and Gas Interests The Company held non-operating non-operator. The Company used the full-cost method of accounting for oil and gas interests to determine the capitalized cost, whereby certain expenditures related to the acquisition, exploration and development of oil and gas properties were capitalized. Capitalized costs included the cost of land acquired or leased, intangible drilling costs such as those for equipment, casing and attachments on both productive and non-productive units-of In connection with the oil and gas interests, the Company had an asset retirement obligation (“ARO”) which represented the liability associated with the retirement of long-lived assets that arose from the acquisition, construction, development or normal operation of such assets. In connection with the sale of the oil and gas interests, the Company wrote off its ARO, as it no longer has any liability associated with the oil and gas assets. At June 30, 2016, the present value of the Company’s asset retirement obligation was $0.5 million. Under US GAAP, the impairment test for oil and gas assets (the “ceiling test”) required the Company to use tax effected discounted cash flow using a present value technique. Under ASC 932, Extractive Industries – Oil and Gas,
Earnings per Share	Earnings per Share Basic and diluted earnings per share are calculated by dividing the net income for the period by the weighted number of shares outstanding during each period. The shares used in the calculation of basic earnings per share are based on the weighted average number of shares outstanding. Shares used in the calculation of diluted earnings per share are based on the weighted average number of shares outstanding plus an adjustment for the incremental shares that would be outstanding assuming the exercise of the Company’s Convertible Debentures. The net income for basic earnings per share is net earnings available to common stockholders. The net income for diluted earnings per share is net earnings available to common stockholders with interest expense associated with the Convertible Debentures added back (net of tax) for the assumed conversion of the Convertible Debentures into common stock.
Seasonality	Seasonality The Company’s operations are seasonal and follow the school calendars of the public and private schools it serves. During the summer school break, revenue is derived primarily from summer camps and private charter services. Since schools are not in session, there is no school bus transportation revenue. Depreciation of fixed assets occurs in the months during which schools are in session, which is generally September through June. A full year’s worth of depreciation is recorded in these ten months to match the vehicles’ usage.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In August 2014, the FASB issued ASU 2014-15, 205-40): 2014-15 In April 2015, the FASB issued ASU 2015-03, 835-30): In September 2015, FASB issued ASU 2015-16 In January 2017, FASB issued ASU 2017-04
Recently Issued Accounting Standards	Recently Issued Accounting Standards In May 2014, the FASB issued ASU 2014-09, 2014-09 In January 2016, FASB issued ASU 2016-01 In February 2016, FASB issued ASU 2016-02 In August 2016, FASB issued ASU No. 2016-15, In January 2017, FASB issued ASU 2017-01 In May 2017, FASB issued ASU 2017-09, Certain prior period amounts have been reclassified to conform to current year presentation and such amounts were not material to prior periods.

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jun. 30, 2017
Components of Property and Equipment	Property and equipment consist of the following: June 30, 2017 Cost Accumulated Net Book Useful Life Land $ 5,537 $ — $ 5,537 Buildings 6,332 (1,902 ) 4,430 40 Transportation equipment 450,436 (242,109 ) 208,327 7 to 11 Leasehold improvements 10,138 (5,846 ) 4,292 The shorter of the life of lease Other machinery and equipment 35,368 (26,756 ) 8,612 3 to 5 $507,811 $(276,613) $231,198 June 30, 2016 Cost Accumulated Net Book Useful Life Land $ 5,471 $ — $ 5,471 Buildings 5,978 (1,469 ) 4,509 40 Transportation equipment 435,339 (231,392 ) 203,947 7 to 11 Leasehold improvements 8,886 (4,809 ) 4,077 The shorter of the life of lease Other machinery and equipment 33,535 (22,967 ) 10,568 3 to 5 $489,209 $(260,637) $228,572

Oil and Gas Interests (Tables)

Oil and Gas Interests (Tables)	12 Months Ended
	Jun. 30, 2017
Components of Oil and Gas interest	Oil and gas interests consisted of the following: 2017 2016 Oil and gas interests $ 16,632 $ 18,388 Less: accumulated depletion (12,015 ) (11,352 ) impairment charge (224 ) (1,638 ) disposal of assets (4,393 ) — $ — $ 5,398

Goodwill and Other Intangible29

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2017
Components of Intangible Assets	Intangible assets consist of the following: 2017 Gross Accumulated Net Book Weighted Average Contract rights $ 65,051 $ (31,574 ) $ 33,477 11 Covenants not to compete 14,756 (14,756 ) — — Tradenames 22,041 — 22,041 None (Indefinite Life) Total $ 101,848 $ (46,330 ) $ 55,518 2016 Gross Accumulated Net Book Weighted Average Contract rights $ 65,113 $ (28,449 ) $ 36,664 12 Covenants not to compete 14,760 (14,750 ) 10 1 Tradenames 22,060 — 22,060 None (Indefinite Life) Total $ 101,933 $ (43,199 ) $ 58,734
Estimated Annual Amortization Expense for Intangible Assets	Estimated annual amortization expense for intangible assets is as follows: Year ending June 30, 2018 3,153 2019 3,152 2020 3,152 2021 3,152 2022 3,152 $ 15,761
Changes in Carrying Amount of Goodwill	The following table represents the changes in the carrying amount of goodwill for the years ended June 30, 2017 and 2016: Balance as of June 30, 2015 $ 134,939 Goodwill related to acquisitions 7,902 Foreign currency effects on Goodwill (1,172 ) Balance as of June 30, 2016 $ 141,669 Goodwill additions related to prior acquisitions (58 ) Foreign currency effects on Goodwill (157 ) Balance as of June 30, 2017 $ 141,454

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2017
Components of Expense for Income Taxes	The components of the expense for income taxes are as follows: 2017 2016 Federal: Canada Current $ 951 $ 203 Deferred (1,185 ) (57 ) (234 ) 146 Provincial: Canada Current 478 156 Deferred (908 ) (44 ) (430 ) 112 Foreign: Current 1,057 200 Deferred 4,273 2,380 5,330 2,580 Total provision $ 4,666 $ 2,838
Components of Income before Income Tax Expense for Income Taxes	The components of income before income tax expense for income taxes are as follows: 2017 2016 Domestic $ 11 $ 3,111 Foreign 11,115 5,764 Total $ 11,126 $ 8,875
Reconciliation of Income Taxes	The difference between the effective rate reflected in the income tax expense for income taxes and the amount determined by applying the Canadian statutory rate to income before income taxes for the fiscal years ended June 30, 2017 and June 30, 2016 is analyzed below: 2017 2016 Provision for income taxes at statutory rate $ 1,669 $ 1,331 Provincial taxes 1,280 1,020 Foreign rate differential 1,690 574 Canadian rate difference — (324 ) Release of Valuation Allowance (337 ) — Impact of Sale of Oil & Gas Assets (538 ) — Permanent items 366 572 Prior Year adjustments 583 (453 ) Uncertain tax position (85 ) 143 Other 38 (25 ) $ 4,666 $ 2,838
Significant Components of Deferred Tax Assets and (Liabilities)	Significant components of deferred tax assets and (liabilities) are as follows: 2017 2016 Deferred tax liabilities Intangibles $ (23,490 ) $ (24,340 ) Property and equipment (54,031 ) (56,517 ) Total deferred tax liabilities (77,521 ) (80,857 ) Deferred tax assets: Net operating loss carry forward 14,432 22,053 Other 19,224 17,058 Total deferred tax assets 33,656 39,111 Valuation allowance — (337 ) Net deferred tax assets 33,656 38,774 Net deferred tax liabilities $ (43,865 ) $ (42,083 )
Gross Amounts of Unrecognized Tax Benefits	The following table summarizes the gross amounts of unrecognized tax benefits without regard to reduction in tax liabilities if such unrecognized tax benefits were settled. 2017 2016 Balance at July 1, $ 528 $ 455 Additions for tax position related to prior year — 253 Lapse of Statute of Limitation (85 ) (180 ) Balance at June 30, $ 443 $ 528

Debt (Tables)

Debt (Tables)	12 Months Ended
	Jun. 30, 2017
Components of Indebtedness	Indebtedness of the Company includes the following: Amounts Outstanding at June 30, 2017 June 30, 2016 Current Long Term Current Long Term Fourth Amended and Restated Credit Agreement Revolving credit facility $ — $ 172,088 $ — $ 120,129 Convertible Debentures — 123,295 — 117,696 Senior Secured Notes — — — 35,000 Less: unamortized debt issuance costs on the Convertible Debentures and Senior Secured Notes — (4,036 ) — (3,153 ) $ — $ 291,347 $ — $ 269,672
Maturities of long-term Debt	Maturities of long-term debt are as follows: Fourth Amended Convertible Credit Facility Debentures Total Year ending June 30, 2018 $ — $ — $ — 2019 — 57,795 57,795 2020 — — — 2021 — — — 2022 172,088 65,500 237,588 Thereafter — — — $ 172,088 $ 123,295 $ 295,383

Common Shares (Tables)

Common Shares (Tables)	12 Months Ended
	Jun. 30, 2017
Changes in Accumulated Other Comprehensive Income for Foreign Currency Translation	The changes in accumulated other comprehensive income for foreign currency translation is as follows: 2017 2016 Balance at June 30, $ 13 $ (2,120 ) Foreign currency translation 176 2,133 Current period comprehensive income 176 2,133 Balance at June 30, $ 189 $ 13

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2017
Basic and Diluted Weighted Average Share Amounts	The following table sets forth the basic and diluted weighted average share amounts: Twelve months ended Twelve months ended June 30, 2017 June 30, 2016 Weighted-average shares outstanding-basic 92,936,942 95,495,357 Potential dilutive effect of shares to be issued to settle the debentures 17,616,722 14,603,082 Weighted-average shares outstanding-diluted 110,553,664 110,098,439
Computations for Basic and Diluted Income Per Common Share	The computations for basic and diluted income per common share are as follows: Twelve months ended Twelve months ended June 30, 2017 June 30, 2016 Net income –basic $ 6,460 $ 6,037 Add back: Interest expense on debentures (net of tax) 4,613 4,472 Net income used for diluted earnings per share 11,073 10,509 Basic income per share $ 0.07 $ 0.06 Diluted income per share $ 0.07 $ 0.06

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Jun. 30, 2017
Class B Series Three Common Shares
Common Shares Granted, Shares Withheld for Income Tax Withholdings, Shares Redeemed and Shares Outstanding	The following tables summarize the Class B Series Three common shares granted, (net of shares withheld for income tax withholding at the election of participants), shares redeemed and shares outstanding pursuant to the EIP: For the year ended June 30, 2017 Shares Taxes Total outstanding Shares outstanding at June 30, 2016 3,376,699 (1,319,928 ) 2,056,771 Grants 1,018,114 (362,468 ) 655,646 Redemptions (430,313 ) — (430,313 ) STI/B3 Share Exchange (3,964,500 ) 1,682,396 (2,282,104 ) Shares outstanding at June 30, 2017 — — — For the year ended June 30, 2016 Shares Taxes Total outstanding Shares outstanding at June 30, 2015 2,493,603 (902,392 ) 1,591,211 Grants 1,023,008 (417,536 ) 605,472 Redemptions (139,912 ) — (139,912 ) Shares outstanding at June 30, 2016 3,376,699 (1,319,928 ) 2,056,771

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Jun. 30, 2017
Financial Assets and Liabilities	The Company’s financial assets and liabilities are as follows: As at As at June 30, 2017 June 30, 2016 Cash $ 10,964 $ 7,759 Accounts receivable, net 68,747 63,018 Equity hedge 485 1,114 $ 80,196 $ 71,891 Accounts payable $ 1,101 $ 8,946 Other accrued liabilities 70,467 47,583 Class B Series Three share liability — 10,449 Long-term debt 291,347 269,672 Conversion right on 6.25% Convertible Debentures — 190 Other long term liabilities 20,581 19,831 $ 383,496 $ 356,671
Fair Values of Financial Assets and Liabilities Measured on Recurring Basis	As at June 30, 2017 Level 1 Level 2 Level 3 Total Equity Hedge asset $ — $ 485 $ — $ 485 As at June 30, 2016 Level 1 Level 2 Level 3 Total Interest rate swap — $ 216 — $ 216 Equity hedge asset — (1,114 ) — (1,114 ) Class B Series Three common share liability — 10,449 — 10,449 Conversion right on US$ 6.25% Convertible Debentures — — 190 190 Net liabilities $ — $ 9,551 $ 190 $ 9,741
Summary of Changes in Level 3 Financial Instrument	The following tables summarize the changes in the Company’s level 3 financial instrument for the twelve months ended June 30, 2017 and 2016, respectively. Conversion rights on US$ 6.25% Convertible Debentures For the twelve months ended June 30, 2017 2016 Balance at June 30, $ 190 $ 9 Non-cash (190 ) 177 FX impact on conversion feature — 4 Balance at June 30, $ — $ 190

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jun. 30, 2017
Revenue and Assets by Geographical Area for Transportation Segment	The table below summarizes revenue and assets by geographical area for the transportation segment for the years ended June 30, 2017 and 2016: 2017 Revenues Property and Goodwill United States $ 569,561 $ 206,476 $ 107,329 Canada 66,450 24,722 34,125 Total $ 636,011 $ 231,198 $ 141,454 For the year ended June 30, 2017, the oil and gas segment, which was located in the United States, had revenues of $1.3 million. There was no goodwill associated with this segment. 2016 Revenues Property and Goodwill United States $ 534,098 $ 202,055 $ 107,386 Canada 64,709 26,517 34,283 Total $ 598,807 $ 228,572 $ 141,669
Reportable Operating Segments	Reportable operating segments: 2017 2016 Revenue Transportation $ 636,011 $ 598,807 Oil and gas 1,306 1,387 $ 637,317 $ 600,194 Operating earnings (losses) Transportation $ 28,548 $ 26,733 Oil and gas (783 ) (3,137 ) 27,765 23,596 Loss on disposal of oil and gas assets 1,359 — Unallocated expenses 15,280 14,721 Tax expense 4,666 2,838 Net Income $ 6,460 $ 6,037 Capital Expenditures Transportation $ 34,326 $ 66,642 Oil and gas 197 375 $ 34,523 $ 67,017 Depreciation, depletion and amortization Transportation $ 49,726 $ 50,194 Oil and gas 672 967 $ 50,398 $ 51,161 * The oil and gas operating results include impairment charges of $0.2 million and $1.6 million for fiscal years 2017 and 2016, respectively.

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Jun. 30, 2017
Future Minimum Rental Payments and Operating Lease Payments under Non Cancelable Operating Leases	The following represent future minimum rental payments and operating lease payments under non cancelable operating leases: Facility Leases Vehicle Leases Total Year ending June 30, 2018 $ 16,070 $ 39,902 $ 55,972 2019 10,619 35,626 46,245 2020 6,771 29,436 36,207 2021 4,680 18,384 23,064 2022 2,763 8,093 10,856 2023 and thereafter 2,080 71 2,151 Total minimum payments $ 42,983 $ 131,512 $ 174,495

Additional Financial Informat38

Additional Financial Information (Tables)	12 Months Ended
	Jun. 30, 2017
Balance Sheet Information	Select additional financial information consists of the following: At June 30 2017 2016 Prepaid Expenses Prepaid Insurance $ 12,625 $ 10,069 Other 4,355 4,261 $ 16,980 $ 14,330 Other Current Assets Fuel Tax Receivable $ 1,482 $ 2,152 Equity Hedge 485 — Other 1,918 1,064 $ 3,885 $ 3,216 Accrued Expenses and Accounts Payable Accrued Accounts Payable $ 12,302 $ 8,914 Dividends Payable 13,877 13,480 Insurance 13,525 11,630 Wages and Benefits 6,664 8,729 Class B Shares — 7,681 Taxes Payable 1,315 1,586 Deferred Revenue 577 621 Accrued Fixed Assets 17,194 306 Other 5,013 2,317 $ 70,467 $ 55,264 Other Liabilities Insurance $ 19,025 $ 18,522 Other 1,556 2,026 $ 20,581 $ 20,548

General - Additional Informatio

General - Additional Information (Detail)	12 Months Ended
	Jun. 30, 2017Segmentshares	Jun. 30, 2016shares	Dec. 21, 2004CAD / Note
Organization and Nature of Operations [Line Items]
Income participating securities, principal amount of subordinated notes | CAD / Note			3.847
Common shares outstanding	94,631,743	91,903,515
Number of reportable segments | Segment	2
Subordinated Notes
Organization and Nature of Operations [Line Items]
Debt instrument, stated percentage			14.00%
STA Holdings
Organization and Nature of Operations [Line Items]
Common shares outstanding	0

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) CAD in Millions	1 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)	Jun. 30, 2017USD ($)SegmentCustomer	Jun. 30, 2016USD ($)	Jul. 01, 2016USD ($)	Nov. 12, 2013USD ($)	Nov. 12, 2013CAD	Jun. 07, 2011USD ($)
Basis Of Presentation And Significant Accounting Policies [Line Items]
Cash equivalents		$ 0	$ 0
Customers which account for more than 10% of its revenues | Customer		0
Depreciation Expense		$ 46,600,000	47,000,000
Amortization expense related to intangible assets		3,100,000	3,200,000
Deferred financing cost		6,100,000	4,300,000
Amortization of deferred financing costs		2,631,000	1,448,000
Impairment of Long-Lived Assets		0	0
Insurance reserves		32,500,000	30,100,000
Non-cash stock compensation		$ 5,802,000	3,967,000
Number of reportable segments | Segment		2
Asset retirement obligation			$ 500,000
Cumulative effect of new accounting principle in period of adoption				$ 3,200,000
Maximum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Highly liquid investments maturities		3 months	3 months
6.25% Convertible Debenture
Basis Of Presentation And Significant Accounting Policies [Line Items]
Non cash gain (loss) in connection with change in fair value of embedded conversion feature	$ 200,000		$ (200,000)
Deferred financing cost					$ 3,500,000	CAD 3.6	$ 3,000,000
Contract rights
Basis Of Presentation And Significant Accounting Policies [Line Items]
Estimated useful life of intangible assets		11 years	12 years
Contract rights | Maximum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Estimated useful life of intangible assets		23 years
Contract rights | Minimum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Estimated useful life of intangible assets		20 years
Non Compete Covenant | Maximum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Estimated useful life of intangible assets		5 years
Non Compete Covenant | Minimum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Estimated useful life of intangible assets		2 years
Transportation equipment | Maximum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property and equipment useful life		11 years	11 years
Transportation equipment | Minimum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property and equipment useful life		7 years	7 years
Buildings
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property and equipment useful life		40 years	40 years
Other Property and Equipment | Maximum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property and equipment useful life		5 years
Other Property and Equipment | Minimum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property and equipment useful life		3 years

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2015	Mar. 31, 2015
Business Acquisition [Line Items]
Purchase price allocation, goodwill	$ 141,669	$ 141,454	$ 134,939
Acquisition expenses	192
First Transportation Consulting and Management Service Firm
Business Acquisition [Line Items]
Investment in investee				$ 1,700
First Transportation Consulting and Management Service Firm and Second Transportation Consulting Services Firm
Business Acquisition [Line Items]
Common stock value	1,000
Business acquisition, cash paid	6,200
Acquisition consideration	7,200
Purchase price allocation, net working capital	600
Purchase price allocation, equipment	200
Purchase price allocation, goodwill	8,100
Acquisition expenses	$ 100

Components of Property and Equi

Components of Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Property, Plant and Equipment [Line Items]
Cost	$ 507,811	$ 489,209
Accumulated Depreciation	(276,613)	(260,637)
Net Book Value	231,198	228,572
Land
Property, Plant and Equipment [Line Items]
Cost	5,537	5,471
Net Book Value	5,537	5,471
Buildings
Property, Plant and Equipment [Line Items]
Cost	6,332	5,978
Accumulated Depreciation	(1,902)	(1,469)
Net Book Value	$ 4,430	$ 4,509
Useful Life	40 years	40 years
Transportation equipment
Property, Plant and Equipment [Line Items]
Cost	$ 450,436	$ 435,339
Accumulated Depreciation	(242,109)	(231,392)
Net Book Value	$ 208,327	$ 203,947
Transportation equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Life	7 years	7 years
Transportation equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Life	11 years	11 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	$ 10,138	$ 8,886
Accumulated Depreciation	(5,846)	(4,809)
Net Book Value	$ 4,292	$ 4,077
Useful Life	The Shorter of the life of lease or the useful life of the asset	The shorter of the life of lease or the useful life of the asset
Other machinery and equipment
Property, Plant and Equipment [Line Items]
Cost	$ 35,368	$ 33,535
Accumulated Depreciation	(26,756)	(22,967)
Net Book Value	$ 8,612	$ 10,568
Other machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Life	3 years	3 years
Other machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Life	5 years	5 years

Components of Oil and Gas Inter

Components of Oil and Gas Interests (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Gas and Oil Acreage [Line Items]
Oil and gas interests	$ 16,632	$ 18,388
Less: accumulated depletion	(12,015)	(11,352)
impairment charge	(224)	(1,638)
disposal of assets	$ (4,393)
Oil and gas interests, net		$ 5,398

Oil and Gas Interests - Additio

Oil and Gas Interests - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Capitalized Costs of Unproved Properties Excluded from Amortization [Line Items]
Non-operating gain and loss	$ (1,400)
Impairment charge	$ 224	$ 1,638

Components of Intangible Assets

Components of Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 101,848	$ 101,933
Accumulated Amortization	(46,330)	(43,199)
Net Book Value	55,518	58,734
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount, Indefinite	22,041	22,060
Net Book Value, Indefinite	22,041	22,060
Contract rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	65,051	65,113
Accumulated Amortization	(31,574)	(28,449)
Net Book Value, Finite	$ 33,477	$ 36,664
Amortization Period	11 years	12 years
Covenants not to compete
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 14,756	$ 14,760
Accumulated Amortization	$ (14,756)	(14,750)
Net Book Value, Finite		$ 10
Amortization Period	0 years	1 year

Estimated Annual Amortization E

Estimated Annual Amortization Expense for Intangible Assets (Detail) $ in Thousands	Jun. 30, 2017USD ($)
Expected Amortization Expense [Line Items]
2,018	$ 3,153
2,019	3,152
2,020	3,152
2,021	3,152
2,022	3,152
Finite Lived Intangible Assets, Amortization Expense, Net, Total	$ 15,761

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Goodwill [Line Items]
Beginning Balance	$ 141,669	$ 134,939
Goodwill additions related to prior acquisitions	(58)
Goodwill related to acquisitions		7,902
Foreign currency effects on Goodwill	(157)	(1,172)
Ending Balance	$ 141,454	$ 141,669

Components of Expense for Incom

Components of Expense for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Federal: Canada
Current	$ 951	$ 203
Deferred	(1,185)	(57)
Federal Income Tax Expense (Benefit), Continuing Operations, Total	(234)	146
Provincial: Canada
Current	478	156
Deferred	(908)	(44)
State and Local Income Tax Expense (Benefit), Continuing Operations, Total	(430)	112
Foreign:
Current	1,057	200
Deferred	4,273	2,380
Foreign Income Tax Expense (Benefit), Continuing Operations, Total	5,330	2,580
Total provision	$ 4,666	$ 2,838

Components of Income before Inc

Components of Income before Income Tax Expense for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Schedule of Components of Income Before Income Tax Expense (Benefit) [Line Items]
Domestic	$ 11	$ 3,111
Foreign	11,115	5,764
Total	$ 11,126	$ 8,875

Reconciliation of Income Taxes

Reconciliation of Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Tax Rate Reconciliation [Line Items]
Provision for income taxes at statutory rate	$ 1,669	$ 1,331
Provincial taxes	1,280	1,020
Foreign rate differential	1,690	574
Canadian rate difference		(324)
Release of Valuation Allowance	(337)
Impact of Sale of Oil & Gas Assets	(538)
Permanent items	366	572
Prior Year adjustments	583	(453)
Uncertain tax position	(85)	143
Other	38	(25)
Total provision	$ 4,666	$ 2,838

Significant Components of Defer

Significant Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Deferred tax liabilities
Intangibles	$ (23,490)	$ (24,340)
Property and equipment	(54,031)	(56,517)
Total deferred tax liabilities	(77,521)	(80,857)
Deferred tax assets:
Net operating loss carry forward	14,432	22,053
Other	19,224	17,058
Total deferred tax assets	33,656	39,111
Valuation allowance		(337)
Net deferred tax assets	33,656	38,774
Net deferred tax liabilities	$ (43,865)	$ (42,083)

Gross Amount of Unrecognized Ta

Gross Amount of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Tax Contingency [Line Items]
Beginning Balance	$ 528	$ 455
Additions for tax position related to prior year		253
Lapse of Statute of Limitation	(85)	(180)
Ending Balance	$ 443	$ 528

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Line Items]
Total amount of unrecognized tax benefits, if recognized would favorably impact effective tax rate	$ 400,000
Interest and penalties	70,000	$ 70,000
United States
Income Taxes [Line Items]
Non-capital loss carry forwards	$ 36,600,000
United States | Minimum
Income Taxes [Line Items]
Non-capital loss carry forwards, expiration date	Jun. 30, 2026
United States | Maximum
Income Taxes [Line Items]
Non-capital loss carry forwards, expiration date	Jun. 30, 2034
Canada
Income Taxes [Line Items]
Non-capital loss carry forwards	$ 0
State and Local
Income Taxes [Line Items]
Non-capital loss carry forwards	$ 3,500,000
State and Local | Minimum
Income Taxes [Line Items]
Non-capital loss carry forwards, expiration date	Jun. 30, 2023
State and Local | Maximum
Income Taxes [Line Items]
Non-capital loss carry forwards, expiration date	Jun. 30, 2037

Components of Indebtedness (Det

Components of Indebtedness (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Debt Instrument [Line Items]
Long-term Debt, Current	$ 0	$ 0
Less: unamortized debt issuance costs on the Convertible Debentures and Senior Secured Notes	(4,036)	(3,153)
Long-term debt , net	291,347	269,672
Convertible Debentures
Debt Instrument [Line Items]
Long-term Debt, Current	0	0
Long Term	123,295	117,696
Senior Secured Notes
Debt Instrument [Line Items]
Long-term Debt, Current	0	0
Long Term		35,000
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Long-term Debt, Current	0	0
Long Term	$ 172,088	$ 120,129

Maturities of long-term Debt (D

Maturities of long-term Debt (Detail) $ in Thousands	Jun. 30, 2017USD ($)
Debt Instrument [Line Items]
2,018	$ 0
2,019	57,795
2,020	0
2,021	0
2,022	237,588
Thereafter	0
Long-term Debt, Total	295,383
Convertible Debentures
Debt Instrument [Line Items]
2,018	0
2,019	57,795
2,020	0
2,021	0
2,022	65,500
Thereafter	0
Long-term Debt, Total	123,295
Revolving Credit Facility | Fourth Amended and Restated Credit Agreement
Debt Instrument [Line Items]
2,018	0
2,019	0
2,020	0
2,021	0
2,022	172,088
Thereafter	0
Long-term Debt, Total	$ 172,088

Debt - Additional Information (

Debt - Additional Information (Detail)

Sep. 28, 2016

Sep. 19, 2016USD ($)

Sep. 01, 2016USD ($)

Aug. 23, 2016USD ($)shares

Aug. 16, 2016USD ($)shares

Aug. 16, 2016CADshares

Jul. 27, 2016USD ($)

Nov. 12, 2013USD ($)shares

Nov. 12, 2013CADshares

Jun. 07, 2011USD ($)shares$ / shares

Sep. 30, 2016

Jun. 30, 2017USD ($)

Jun. 30, 2016USD ($)

Nov. 10, 2016USD ($)

Aug. 16, 2016CADCAD / shares

Nov. 12, 2013CADCAD / shares

Debt Instrument [Line Items]

Redemption of Senior Secured Notes

$ 35,000,000

Proceeds from issuance of convertible debentures

65,764,000

Redemption of US$ 6.25% Convertible Debentures

59,936,000

Issued costs

6,100,000

$ 4,300,000

Debentures outstanding purchase price, percentage

101.00%

Senior Secured Notes

Debt Instrument [Line Items]

Redemption of Senior Secured Notes

$ 35,500,000

Debt Instrument, Face Amount

35,000,000

Interest Expense, Debt

$ 500,000

Fourth Amended and Restated Credit Agreement

Debt Instrument [Line Items]

Borrowing availability under the credit agreement

$ 165,600,000

Interest rate

3.82%

Fourth Amended and Restated Credit Agreement | United States

Debt Instrument [Line Items]

Line of credit facility

$ 290,000,000

Fourth Amended and Restated Credit Agreement | Canada

Debt Instrument [Line Items]

Line of credit facility

$ 50,000,000

Fourth Amended and Restated Credit Agreement | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Interest rate

1.42294%

Fourth Amended and Restated Credit Agreement | Maximum | Base Rate Loans

Debt Instrument [Line Items]

Debt instrument interest rate

1.25%

Fourth Amended and Restated Credit Agreement | Maximum | Eurodollar Loans

Debt Instrument [Line Items]

Debt instrument interest rate

2.50%

Fourth Amended and Restated Credit Agreement | Minimum | Base Rate Loans

Debt Instrument [Line Items]

Interest base rate

4.25%

Debt instrument interest rate

0.50%

Fourth Amended and Restated Credit Agreement | Minimum | Eurodollar Loans

Debt Instrument [Line Items]

Debt instrument interest rate

1.75%

Fourth Amended and Restated Credit Agreement | After Amendment

Debt Instrument [Line Items]

Debt instrument maturity description

The new amendment facility extended the maturity date to July 27, 2021

Maturity date

Jul. 27, 2021

Line of credit facility

$ 340,000,000

Fourth Amended and Restated Credit Agreement | Before Amendment

Debt Instrument [Line Items]

Line of credit facility

225,000,000

Fourth Amended and Restated Credit Agreement | Accordion Feature

Debt Instrument [Line Items]

Line of credit facility

$ 100,000,000

Fourth Amended and Restated Credit Agreement | Accordion Feature | Maximum

Debt Instrument [Line Items]

Line of credit facility

$ 100,000,000

Fourth Amended and Restated Credit Agreement | Senior Secured Notes

Debt Instrument [Line Items]

Senior notes

$ 35,000,000

6.25% Convertible Debenture

Debt Instrument [Line Items]

Interest rate

6.25%

6.25%

6.25%

6.25%

6.25%

Maturity date

Jun. 30, 2019

Jun. 30, 2019

Jun. 30, 2018

Price per debenture

$ 1,000

$ 1,000

Proceeds from issuance of convertible debentures

$ 71,400,000

CAD 75,000,000

$ 60,000,000

Convertible debenture conversion price | (per share)

$ 9.50

CAD 9.05

Shares of common stock into which each $1,000 principal amount of notes may convert | shares

110.4972

110.4972

105.2632

Principal amount of each convertible note

$ 1,000

CAD 1,000

Debt instrument redemption date

Jun. 30, 2017

Jun. 30, 2017

Jun. 30, 2014

Consecutive trading days

0

0

0

0

Convertible debenture converted

$ 100,000

Redemption of US$ 6.25% Convertible Debentures

$ 59,900,000

Shares issued upon conversion of convertible debenture | shares

6,736

Debt Instrument, Unamortized Discount (Premium), Net

$ 1,000,000

Issued costs

$ 3,500,000

$ 3,000,000

CAD 3,600,000

6.25% Convertible Debenture | Minimum

Debt Instrument [Line Items]

Debt conversion premium percentage

125.00%

125.00%

125.00%

5.25 % Convertible Debenture

Debt Instrument [Line Items]

Convertible debenture conversion price | CAD / shares

CAD 9.35

Shares of common stock into which each $1,000 principal amount of notes may convert | shares

106.9519

106.9519

Principal amount of each convertible note | CAD

CAD 1,000

Debt instrument redemption date

Sep. 30, 2019

Sep. 30, 2019

Consecutive trading days

0

0

5.25 % Convertible Debenture | Minimum

Debt Instrument [Line Items]

Debt conversion premium percentage

125.00%

125.00%

5.25% Convertible Unsecured Subordinated Debenture

Debt Instrument [Line Items]

Interest rate

5.25%

5.25%

Maturity date

Sep. 30, 2021

Sep. 30, 2021

Price per debenture

$ 1,000

Proceeds from issuance of convertible debentures

65,800,000

CAD 85,000,000

Debt Issuance Costs

$ 3,200,000

CAD 4,200,000

Common Shares - Additional Info

Common Shares - Additional Information (Detail)	Feb. 23, 2017USD ($)shares	Sep. 28, 2016	Apr. 11, 2016USD ($)shares	Nov. 12, 2013	Jun. 07, 2011	Sep. 30, 2016USD ($)shares	Apr. 30, 2016shares	Aug. 31, 2015shares	Jun. 30, 2017USD ($)shares	Jun. 30, 2016USD ($)Entityshares	May 24, 2017shares
Class of Stock [Line Items]
Preferred shares issued									0
Preferred shares outstanding									0	0
Shares issued during period for Dividend Reinvestment Plan									439,388	1,028,064
Shares issued during period for Dividend payment | $									$ 2,400,000	$ 4,200,000
Dividend reinvestment plan, description									The common shares issued under the Plan are issued at a price based on the volume weighted average of the closing price of the common shares for the five trading days immediately preceding the relevant dividend date, less a 3% discount.
Dividend reinvestment plan, discount percentage									3.00%	3.00%
Stock repurchased and cancelled during period, value | $										$ 25,797,000
Common stock issuance | $									$ 2,412,000	$ 5,227,000
Number of transportation consulting services firms | Entity										2
Common shares issued									94,631,743	91,903,515
Common shares outstanding									94,631,743	91,903,515
Reclassifications out of accumulated other comprehensive loss | $									$ 0
Class B Series Three Common Shares
Class of Stock [Line Items]
Common stock issued, shares	2,282,104
Common stock issuance | $	$ 12,800,000
Transportation Consulting and Management Services Firm and Transportation Consulting Services Firm
Class of Stock [Line Items]
Common stock issued, shares										309,161
Common stock issuance | $										$ 1,000,000
NCIB
Class of Stock [Line Items]
Stock repurchased during period, shares									0
Stock repurchased and cancelled during period, shares										575,226
Stock repurchased and cancelled during period, value | $										$ 2,300,000
SNCF-Participations
Class of Stock [Line Items]
Stock repurchased and cancelled during period, shares			5,000,000
Stock repurchased and cancelled during period, value | $			$ 23,500,000
Sale of stock, number of shares							6,400,000	4,000,000
6.25% Convertible Debenture
Class of Stock [Line Items]
Common stock issued upon Conversion of Convertible debt, shares						6,736
Common stock issued upon Conversion of Convertible debt, value | $						$ 100,000
Interest rate		6.25%		6.25%	6.25%	6.25%
Maximum
Class of Stock [Line Items]
No of shares authorized to be repurchased											9,225,542

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income for Foreign Currency Translation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	$ 145,895	$ 199,807
Foreign currency translation	176	2,133
Current period comprehensive income	176	2,133
Balance	126,447	145,895
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance	13	(2,120)
Balance	$ 189	$ 13

Basic and Diluted Weighted Aver

Basic and Diluted Weighted Average Share Amounts (Detail) - shares	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Weighted Average Number of Shares Outstanding [Line Items]
Weighted-average shares outstanding-basic	92,936,942	95,495,357
Potential dilutive effect of shares to be issued to settle the debentures	17,616,722	14,603,082
Weighted-average shares outstanding-diluted	110,553,664	110,098,439

Computation for Basic and Dilut

Computation for Basic and Diluted Income Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net income -basic	$ 6,460	$ 6,037
Add back: Interest expense on debentures (net of tax)	4,613	4,472
Net income used for diluted earnings per share	$ 11,073	$ 10,509
Basic income per share	$ 0.07	$ 0.06
Diluted income per share	$ 0.07	$ 0.06

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	Feb. 28, 2017	Feb. 23, 2017	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Income (expense) related to change in fair value of share based compensation			$ (1,100)	$ (1,400)
Dividend paid on shares granted			600	900
Recognized stock based compensation expense			5,802	3,967
Fair value of common share outstanding				10,449
Class B Series Three Common Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issuance approval	2,700,000
Common stock issued under employee stock ownership plan,shares		2,282,104
Common stock issued under employee stock ownership plan,value		$ 12,800
Fair value of common share outstanding				10,500
Class B Series Three Common Shares | Other Current Liabilities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common share outstanding		$ 9,300		7,700
Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized stock based compensation expense			5,800	4,000
Payments for shares put back to the company			$ 2,400	$ 700
Equity Incentive Plan | Class B Series Three Common Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares put back to the company			430,313	139,912
STA Holdings
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ownership of common stock shares	100.00%

Summary of Class B Series Three

Summary of Class B Series Three Common Shares Granted (Detail) - Class B Series Three Common Shares - shares	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Before Income Tax Withheld
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding, beginning of the period	3,376,699	2,493,603
Grants	1,018,114	1,023,008
Redemptions	(430,313)	(139,912)
STI/B3 Share Exchange	(3,964,500)
Shares outstanding, end of the period		3,376,699
Income Tax Withheld
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding, beginning of the period	(1,319,928)	(902,392)
Grants	(362,468)	(417,536)
STI/B3 Share Exchange	1,682,396
Shares outstanding, end of the period		(1,319,928)
After Income Tax Withheld
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding, beginning of the period	2,056,771	1,591,211
Grants	655,646	605,472
Redemptions	(430,313)	(139,912)
STI/B3 Share Exchange	(2,282,104)
Shares outstanding, end of the period		2,056,771

Financial Assets and Liabilitie

Financial Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash	$ 10,964	$ 7,759	$ 5,333
Accounts receivable, net	68,747	63,018
Equity hedge	485	1,114
Assets, Fair Value Disclosure, Total	80,196	71,891
Accounts payable	1,101	8,946
Other accrued liabilities	70,467	47,583
Class B Series Three share liability		10,449
Long-term debt	291,347	269,672
Conversion right on 6.25% Convertible Debentures		190
Other long term liabilities	20,581	19,831
Financial and Nonfinancial Liabilities, Fair Value Disclosure, Total	$ 383,496	$ 356,671

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Option, Quantitative Disclosures [Line Items]
Stock price volatility		26.50%	17.00%
Percentage of revenue and expenses incurred in Canadian currency	12.80%
Gain(loss)on translation	$ (30)	$ (1,147)
Equity hedge	485	1,114
Fixed Rate Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Fixed rate convertible debenture	123,300
6.25% Convertible Debenture
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value of derivatives		200
Monthly Dividend
Fair Value, Option, Quantitative Disclosures [Line Items]
Gain(loss)on translation	(100)
Monthly Dividend | Canada
Fair Value, Option, Quantitative Disclosures [Line Items]
Gain(loss)on translation	100
Interest Rate Swap
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value of derivatives	200	100
Notional amount of derivative liabilities	$ 50,000
Derivative maturity period	2017-02
Class B Series Two Common Shares
Fair Value, Option, Quantitative Disclosures [Line Items]
Consecutive trading days	10 days
Class B Series Three Common Shares
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value measurements valuation techniques	The fair value of the Class B Series Three common share liability was based upon an amount equal to the weighted average trading price of the STI common shares for the 10 consecutive trading days immediately prior to the date of valuation.
Class B Series Three Common Shares | Not Designated as Hedging Instrument | Equity Incentive Plan | Equity Contract
Fair Value, Option, Quantitative Disclosures [Line Items]
Change in fair value of derivatives		$ 1,100
Percentage of hedge shares still outstanding	8.00%
Realized gain on partial liquidation of hedge and changes in fair market value of remaining hedge	$ 2,000
Class B Series Three Common Shares | Other Assets | Not Designated as Hedging Instrument | Equity Incentive Plan | Equity Contract
Fair Value, Option, Quantitative Disclosures [Line Items]
Equity hedge	500
Fixed Rate Senior Notes
Fair Value, Option, Quantitative Disclosures [Line Items]
Senior debt outstanding	$ 172,100
Change in interest expense in cash flow	1.00%
Change in cash flows resulting from change in interest rates	$ 1,700

Fair Values of Company's Financ

Fair Values of Company's Financial Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap		$ 216
Equity hedge asset	$ 485	1,114
Class B Series Three common share liability		10,449
Conversion right on US$ 6.25% Convertible Debentures		190
Net liabilities		9,741
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap		216
Equity hedge asset	$ 485	1,114
Class B Series Three common share liability		10,449
Net liabilities		9,551
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Conversion right on US$ 6.25% Convertible Debentures		190
Net liabilities		$ 190

Summary of Changes in Level Thr

Summary of Changes in Level Three Financial Instruments (Detail) - 6.25% Convertible Debenture - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Level 3 Liabilities, beginning balance	$ 190	$ 9
Non-cash loss (gain) on conversion feature	$ (190)	177
FX impact on conversion feature		4
Level 3 Liabilities, ending balance		$ 190

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jun. 30, 2017USD ($)Segment	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	2
Revenues	$ 637,317	$ 600,194
Goodwill	141,454	141,669	$ 134,939
Oil and gas interests, net		5,398
Oil and gas
Segment Reporting Information [Line Items]
Revenues	1,306	1,387
Oil and gas | United States
Segment Reporting Information [Line Items]
Revenues	1,300	1,400
Goodwill	$ 0	0
Oil and gas interests, net		$ 5,400

Revenue and Assets by Geographi

Revenue and Assets by Geographical Area for Transportation Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 637,317	$ 600,194
Property and Equipment (net)	231,198	228,572
Goodwill	141,454	141,669	$ 134,939
Transportation
Segment Reporting Information [Line Items]
Revenues	636,011	598,807
Property and Equipment (net)	231,198	228,572
Goodwill	141,454	141,669
Transportation | United States
Segment Reporting Information [Line Items]
Revenues	569,561	534,098
Property and Equipment (net)	206,476	202,055
Goodwill	107,329	107,386
Transportation | Canada
Segment Reporting Information [Line Items]
Revenues	66,450	64,709
Property and Equipment (net)	24,722	26,517
Goodwill	$ 34,125	$ 34,283

Reportable Operating Segments (

Reportable Operating Segments (Detail) - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Revenue		$ 637,317	$ 600,194
Operating earnings (losses)		27,765	23,596
Loss on disposal of oil and gas assets		1,359
Capital Expenditures		34,523	67,017
Unallocated expenses		15,280	14,721
Depreciation, depletion and amortization		50,398	51,161
Tax expense		4,666	2,838
Net income		6,460	6,037
Transportation
Segment Reporting Information [Line Items]
Revenue		636,011	598,807
Operating earnings (losses)		28,548	26,733
Capital Expenditures		34,326	66,642
Depreciation, depletion and amortization		49,726	50,194
Oil and gas
Segment Reporting Information [Line Items]
Revenue		1,306	1,387
Operating earnings (losses)	[1]	(783)	(3,137)
Capital Expenditures		197	375
Depreciation, depletion and amortization		$ 672	$ 967
[1]	The oil and gas operating results include impairment charges of $0.2 million and $1.6 million for fiscal years 2017 and 2016, respectively.

Reportable Operating Segments70

Reportable Operating Segments (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Impairment charge	$ 224	$ 1,638

Lease Commitments - Additional

Lease Commitments - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Vehicle Leases
Operating Leased Assets [Line Items]
Operating lease, rent expense	$ 41.4	$ 36.8
Facility Leases
Operating Leased Assets [Line Items]
Operating lease, rent expense	$ 15.4	$ 14.8

Future Minimum Rental Payments

Future Minimum Rental Payments and Operating Lease Payments under Non Cancelable Operating Leases (Detail) $ in Thousands	Jun. 30, 2017USD ($)
Operating Leased Assets [Line Items]
2,018	$ 55,972
2,019	46,245
2,020	36,207
2,021	23,064
2,022	10,856
2023 and thereafter	2,151
Total minimum payments	174,495
Vehicle Leases
Operating Leased Assets [Line Items]
2,018	39,902
2,019	35,626
2,020	29,436
2,021	18,384
2,022	8,093
2023 and thereafter	71
Total minimum payments	131,512
Facility Leases
Operating Leased Assets [Line Items]
2,018	16,070
2,019	10,619
2,020	6,771
2,021	4,680
2,022	2,763
2023 and thereafter	2,080
Total minimum payments	$ 42,983

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined contribution benefit plan expenses	$ 0.7	$ 0.6

Commitments and Contingencies-

Commitments and Contingencies- Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2017	Jun. 30, 2016
Commitments and Contingencies [Line Items]
Letters of credit outstanding	$ 1.2	$ 1
Cash deposits	0.9	$ 0.9
Surety bonds	$ 72.7

Balance Sheet Information (Deta

Balance Sheet Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Prepaid Expenses
Prepaid Insurance	$ 12,625	$ 10,069
Other	4,355	4,261
Prepaid expenses	16,980	14,330
Other Current Assets
Fuel Tax Receivable	1,482	2,152
Equity hedge	485
Other	1,918	1,064
Other current assets	3,885	3,216
Accrued Expenses and Accounts Payable
Accrued Accounts Payable	12,302	8,914
Dividends Payable	13,877	13,480
Insurance	13,525	11,630
Wages and Benefits	6,664	8,729
Class B Shares		7,681
Taxes Payable	1,315	1,586
Deferred Revenue	577	621
Accrued Fixed Assets	17,194	306
Other	5,013	2,317
Accrued expenses and other current liabilities	70,467	55,264
Other Liabilities
Insurance	19,025	18,522
Other	1,556	2,026
Other liabilities	$ 20,581	$ 20,548

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - Annapolis Bus Company, Inc. and Towne Transport LLC $ in Millions	Aug. 23, 2017USD ($)
Subsequent Event [Line Items]
Acquisition consideration	$ 10
Business acquisition, cash paid	8.5
Deferred payment	0.5
Common stock value	$ 1