Tuesday Morning (TUEMQ) 10-K 21 Aug 14 2014 Q4 Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2014	Aug. 19, 2014	Dec. 31, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'TUESDAY MORNING CORP/DE	'	'
Entity Central Index Key	'0000878726	'	'
Document Type	'10-K	'	'
Document Period End Date	30-Jun-14	'	'
Amendment Flag	'false	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q4	'	'
Current Fiscal Year End Date	'--06-30	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	'	43,663,091
Entity Public Float	'	$374,324,946	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$49,686	$28,896
Inventories	207,663	211,981
Prepaid expenses	5,822	6,609
Deferred income taxes	42	991
Other current assets	1,094	2,310
Total Current Assets	264,307	250,787
Property and equipment, net	65,939	66,009
Deferred financing costs	1,416	2,011
Other assets	724	1,203
Deferred income tax - non current	'	1,870
Total Assets	332,386	321,880
Current liabilities:	'	'
Accounts payable	86,284	72,958
Accrued liabilities	39,618	35,719
Income taxes payable	1	85
Total Current Liabilities	125,903	108,762
Deferred rent	2,721	2,885
Other Liabilities - non current	410	2,776
Deferred income taxes	42	'
Total Liabilities	129,076	114,423
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Preferred stock, par value $0.01 per share, authorized 10,000,000 shares, none issued or outstanding	'	'
Common stock, par value $0.01 per share, authorized 100,000,000 shares; 45,417,397 shares issued and 43,663,091 shares outstanding at June 30, 2014 and 44,517,731 shares issued and 42,785,978 shares outstanding at June 30, 2013	454	445
Additional paid-in capital	220,352	214,012
Retained (deficit) earnings	-10,978	-802
Less: 1,754,306 common shares in treasury, at cost, at June 30, 2014 and 1,731,753 common shares in treasury, at cost, at June 30, 2013	-6,518	-6,198
Total Stockholders' Equity	203,310	207,457
Total Liabilities and Stockholders' Equity	$332,386	$321,880

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Stockholders' equity:	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	45,417,397	44,517,731
Common stock, shares outstanding	43,663,091	42,785,978
Treasury stock, shares	1,754,306	1,731,753

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Consolidated Statements of Operations	'	'	'
Net sales	$864,844	$838,314	$812,782
Cost of sales	562,692	578,876	503,918
Gross profit	302,152	259,438	308,864
Selling, general and administrative expenses	310,205	315,933	301,427
Operating income/(loss)	-8,053	-56,495	7,437
Other income/(expense):	'	'	'
Interest expense	-1,500	-1,677	-2,254
Other income/(expense), net	-582	-5,236	224
Income/(loss) before income taxes	-10,135	-63,408	5,407
Income tax provision/(benefit)	41	-7,032	1,494
Net income/(loss)	($10,176)	($56,376)	$3,913
Net income/(loss) per common share:	'	'	'
Basic (in dollars per share)	($0.24)	($1.33)	$0.09
Diluted (in dollars per share)	($0.24)	($1.33)	$0.09
Weighted average number of common shares:	'	'	'
Basic (in shares)	42,943	42,248	41,986
Diluted (in shares)	42,943	42,248	42,536

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive (Loss) Income (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Statement of Other Comprehensive Income [Abstract]	'	'	'
Net income/(loss)	($10,176)	($56,376)	$3,913
Other Comprehensive Income/(Loss):	'	'	'
Foreign currency translation adjustments	'	55	35
Less: Reclassification adjustment for losses included in net income	'	-1	'
Other Comprehensive Income/(Loss), before tax	'	54	35
Less: Income tax provision/(benefit) related to items of other comprehensive income/(loss)	'	20	14
Comprehensive Income/(Loss)	($10,176)	($56,302)	$3,962

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid-In Capital	Retained (Deficit) Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock
In Thousands, except Share data, unless otherwise specified
Balance at Jun. 30, 2011	$260,134	$432	$208,130	$51,661	($89)	$0
Balance (in shares) at Jun. 30, 2011	'	43,185,000	'	'	'	'
Comprehensive loss:	'	'	'	'	'	'
Net income/(loss)	3,913	'	'	3,913	'	'
Other comprehensive income (loss)	35	'	'	'	35	'
Shares issued or canceled in connection with employee stock incentive plan and related tax effect	2	2	'	'	'	'
Shares issued or canceled in connection with employee stock incentive plan and related tax effect (in shares)	'	192,000	'	'	'	'
Shares issued in connection with exercises of employee stock options	77	'	77	'	'	'
Shares issued in connection with exercises of employee stock options (in shares)	'	58,000	'	'	'	'
Excess tax benefit	288	'	288	'	'	'
Treasury stock	-6,092	'	'	'	'	-6,092
Treasury stock (in shares)	'	-1,715,000	'	'	'	'
Amortization of share-based compensation expense	1,834	'	1,834	'	'	'
Balance at Jun. 30, 2012	260,191	434	210,329	55,574	-54	-6,092
Balance (in shares) at Jun. 30, 2012	'	41,722,000	'	'	'	'
Comprehensive loss:	'	'	'	'	'	'
Net income/(loss)	-56,376	'	'	-56,376	'	'
Other comprehensive income (loss)	54	'	'	'	54	'
Shares issued or canceled in connection with employee stock incentive plan and related tax effect (in shares)	'	139,000	'	'	'	'
Shares issued in connection with exercises of employee stock options	1,808	11	1,797	'	'	'
Shares issued in connection with exercises of employee stock options (in shares)	'	942,000	'	'	'	'
Treasury stock	-106	'	'	'	'	-106
Treasury stock (in shares)	'	-17,000	'	'	'	'
Amortization of share-based compensation expense	1,886	'	1,886	'	'	'
Balance at Jun. 30, 2013	207,457	445	214,012	-802	0	-6,198
Balance (in shares) at Jun. 30, 2013	42,785,978	42,786,000	'	'	'	'
Comprehensive loss:	'	'	'	'	'	'
Net income/(loss)	-10,176	'	'	-10,176	'	'
Shares issued or canceled in connection with employee stock incentive plan and related tax effect	2	2	'	'	'	'
Shares issued or canceled in connection with employee stock incentive plan and related tax effect (in shares)	'	234,000	'	'	'	'
Shares issued in connection with exercises of employee stock options	3,299	7	3,292	'	'	'
Shares issued in connection with exercises of employee stock options (in shares)	'	666,000	'	'	'	'
Treasury stock (in shares)	-320,000	-23,000	'	'	'	-320,000
Amortization of share-based compensation expense	3,048	'	3,048	'	'	'
Balance at Jun. 30, 2014	$203,310	$454	$220,352	($10,978)	$0	($6,518)
Balance (in shares) at Jun. 30, 2014	43,663,091	43,663,000	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:	'	'	'
Net income/(loss)	($10,176)	($56,376)	$3,913
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:	'	'	'
Depreciation	12,188	13,452	14,516
Amortization of financing fees	595	592	760
Share-based compensation expense	2,975	1,988	1,987
Loss on disposal of assets	1,271	6,161	460
Deferred income taxes	2,861	-7,139	-572
Other non-cash items	'	54	35
Change in operating assets and liabilities:	'	'	'
Inventories	4,391	53,548	-1,422
Prepaid and other current assets	2,003	2,438	2,327
Other assets	479	328	247
Accounts payable	13,326	-25,051	35,753
Accrued liabilities	3,899	4,930	1,536
Other liabilities non-current	-2,289	2,289	'
Deferred rent	-164	-377	64
Income taxes payable	-161	-25	-123
Net cash provided by/(used in) operating activities	31,198	-3,188	59,481
Cash flows from investing activities:	'	'	'
Capital expenditures	-13,434	-9,608	-13,765
Proceeds from sale of assets	45	250	'
Net cash used in investing activities	-13,389	-9,358	-13,765
Cash flows from financing activities:	'	'	'
Borrowings under revolving credit facility	25,100	94,655	92,338
Repayments under revolving credit facility	-25,100	-94,655	-92,338
Change in cash overdraft	'	'	-18,791
Proceeds from the exercise of employee stock options	3,301	1,808	77
Excess tax benefit related to exercise of stock options	'	'	288
Purchase of treasury stock	-320	-106	-6,092
Payment of financing fees	'	'	-858
Net cash provided by/(used in) financing activities	2,981	1,702	-25,376
Net increase/(decrease) in cash and cash equivalents	20,790	-10,844	20,340
Cash and cash equivalents, beginning of period	28,896	39,740	19,400
Cash and cash equivalents, end of period	49,686	28,896	39,740
Supplemental cash flow information:	'	'	'
Interest paid	844	1,016	1,422
Income taxes (refunds received) paid	($4,819)	$73	($392)

NATURE_OF_OPERATIONS_AND_SUMMA

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2014
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	(1) NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	We are a leading retailer of off-price, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts that we generally sell below retail prices charged by department stores and specialty and on-line retailers in the United States. We operated 810 discount retail stores in 41 states as of June 30, 2014 (828 and 852 stores at June 30, 2013 and 2012, respectively).  We have promotional sales events that create a sense of urgency and excitement for our customer base.
	(a)              Basis of Presentation —The accompanying consolidated financial statements include the accounts of Tuesday Morning Corporation, a Delaware corporation, and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. We operate our business as a single operating segment.  Certain reclassifications were made to prior period amounts to conform to the current period presentation.  None of the reclassifications affected our net income/(loss) in any period.
	(b)              Cash and Cash Equivalents —Cash and cash equivalents are comprised of credit card receivables and all highly liquid instruments with original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value. At June 30, 2014 and 2013, credit card receivables from third party consumer credit card providers were $3.8 million and $7.4 million, respectively.
	(c)              Inventories — Inventories, consisting of finished goods, are stated at the lower of cost or market using the retail inventory method for store inventory and the specific identification method for warehouse inventory.  We have a perpetual inventory system that tracks on hand inventory and inventory sold at a SKU level.  Inventory is relieved and cost of goods sold is recorded based on the current cost of the item sold.   Buying, distribution, freight and certain other costs are capitalized as part of inventory and are charged to cost of sales as the related inventory is sold.  We charged $70.5 million, $79.1 million, and $67.3 million, of such capitalized inventory costs to cost of sales for the fiscal years ended June 30, 2014, 2013, and 2012, respectively.
	Stores conduct annual physical inventories, staggered throughout the year.  We make adjustments to our financial statements based on the results of the physical inventories.  During periods where no physical inventories occur, we utilize an estimate for recording shrinkage reserves, based on historical trends of physical inventory results.  These shrinkage reserves may require a favorable or unfavorable adjustment to actual results to the extent our subsequent actual physical inventories yield a different result.  We review our inventory during and at the end of each quarter to ensure that all necessary pricing actions are taken to adequately value our inventory at the lower of cost or market by recording permanent markdowns to our on hand inventory.  Management believes these markdowns result in the appropriate prices necessary to stimulate demand of the merchandise.  Actual required permanent markdowns could differ materially from management’s initial estimates based on future customer demand or economic conditions.
	(d)              Property and Equipment— Property and equipment are stated at cost. Buildings, furniture, fixtures, leasehold improvements and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets as follows:
	Estimated Useful Lives
	Buildings	30 years
	Furniture and fixtures	3 to 7 years
	Leasehold improvements	Shorter of lease life or life of improvement
	Equipment	5 to 10 years
	Upon sale or retirement of an asset, the related cost and accumulated depreciation are removed from our accounts and any gain or loss is recognized in the statement of operations. Expenditures for maintenance, minor renewals and repairs are expensed as incurred, while major replacements and improvements are capitalized.  For the fiscal year ended June 30, 2014 we disposed of assets with a net book value of approximately $1.3 million, primarily related to the exit of certain merchandise categories as part of our business transformation strategy, which is presented in other income/(expense) on the Consolidated Statement of Operations.
	(e)              Deferred Financing Costs —Deferred financing costs represent fees paid in connection with obtaining bank and other long-term financing. These fees are amortized over the term of the related financing using the effective interest method.
	(f)              Income Taxes —Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using statutory tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment. We file our annual federal income tax return on a consolidated basis. Furthermore, we recognize uncertain tax positions when we have determined it is more likely than not that a tax position will be sustained upon examination. However, new information may become available or applicable laws or regulations may change thereby resulting in a favorable or unfavorable adjustment to amounts recorded.  Valuation allowances are established against deferred tax assets when it is more likely than not that the realization of those deferred tax assets will not occur.  Valuation allowances are released as positive evidence of future taxable income sufficient to realize the underlying deferred tax assets becomes available.
	(g)              Self Insurance Reserves —We use a combination of insurance and self-insurance plans to provide for the potential liabilities associated with workers' compensation, general liability, property insurance, director and officers' liability insurance, vehicle liability and employee health care benefits. Our stop loss limits per claim are $500,000 for workers' compensation, $250,000 for general liability, and $150,000 for medical. Liabilities associated with the risks that are retained by us are estimated, in part, by historical claims experience, severity factors and the use of loss development factors.
	The insurance liabilities we record are primarily influenced by the frequency and severity of claims, and include a reserve for claims incurred but not yet reported.  Our estimated reserves may be materially different from our future actual claim costs, and, when required adjustments to our estimate reserves are identified, the liability will be adjusted accordingly in that period.   Our self-insurance reserves for workers' compensation, general liability and medical were $7.9 million, $3.1 million, and $1.0 million, respectively, at June 30, 2014; $6.0 million, $2.6 million, and $0.8 million, respectively, at June 30, 2013; and $5.9 million, $3.1 million, and $0.9 million, respectively, at June 30, 2012.
	We recognize insurance expenses based on the date of an occurrence of a loss including the actual and estimated ultimate costs of our claims. Claims are paid from our reserves and our current period insurance expense is adjusted for the difference in prior period recorded reserves and actual payments. Current period insurance expenses also include the amortization of our premiums paid to our insurance carriers. Expenses for workers' compensation, general liability and medical insurance were $5.6 million, $3.8 million and $8.4 million, respectively, for the fiscal year ended June 30, 2014; $4.0 million, $2.1 million and $8.5 million, respectively, for the fiscal year ended June 30, 2013; and $3.4 million, $2.8 million and $9.5 million, respectively, for the fiscal year ended June 30, 2012.
	(h)              Revenue Recognition —Sales are recorded at the point of sale and conveyance of merchandise to customers. Sales are net of returns and exclude sales tax.
	(i)              Advertising —Costs for direct mail, television, radio, newspaper, and other media are expensed as the advertised events take place. Advertising expenses for the fiscal years ended June 30, 2014, 2013, and 2012 were $26.2 million, $27.5 million, and $28.9 million, respectively. We do not receive money from vendors to support our advertising expenditures.  As of June 30, 2014, there was prepaid advertising of $113,000 compared to prepaid advertising of $121,000 at June 30, 2013.
	(j)              Use of Estimates —The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates.
	(k)              Financial Instruments — The fair value of financial instruments is determined by reference to various market data and other valuation techniques as appropriate. The only financial instruments we carry are our revolving credit facility and foreign currency exchange contracts for merchandise purchases denominated in foreign currency.
	We enter into foreign currency forward exchange contracts with a major financial institution that participates in our revolving credit facility to manage and reduce the impact of fluctuations in foreign currency exchange rates on certain contractual merchandise purchases with international vendors between the order and payment dates, which generally approximate 2 to 6 months. We do not utilize derivative financial instruments for trading or speculative purposes.
	We account for our foreign currency forward contracts as cash flow hedges in accordance with generally accepted accounting principles of the United States. Changes in the fair value of the contracts that are considered to be effective are recorded in other comprehensive income/(loss) until the hedged item is recorded in earnings. Effective cash flow hedges are reclassified out of other comprehensive income/(loss) and into cost of sales when the hedged inventory is sold. The ineffective portion of cash flow hedges are recorded in other income or loss and were not material for the periods presented. The effect of foreign exchange contracts on our financial position or results of operations historically and for the periods presented is and has been immaterial.
	(l)              Share-Based Compensation —We recognized share-based compensation costs under the requirements of U.S. generally accepted accounting principles as follows (in thousands):
		Fiscal Years Ended
		June 30,
		2014			2013			2012
	Amortization of share-based compensation during the period	$	3,048		$	1,886		$	1,834
	Amounts capitalized in inventory		(867	)		(497	)		(625	)
	Amount recognized and charged to cost of sales		794			599			778
	Amounts charged against income for the period before tax	$	2,975		$	1,988		$	1,987
	Consistent with prior years, the fair value of each stock option granted during the fiscal year ended June 30, 2014 was estimated at the date of grant using a Black-Scholes option pricing model. The expected term of an option is based on our historical review of employee exercise behavior based on the employee class (executive or non-executive) and based on our consideration of the remaining
	The risk-free interest rate is the constant maturity risk free interest rate for U.S. Treasury instruments with terms consistent with the expected lives of the awards. The expected volatility is based on both the historical volatility of our stock based on our historical stock prices and implied volatility of our traded stock options.
	These factors were as follows:
		Fiscal Years Ended June 30,
		2014			2013			2012
	Weighted average risk-free interest rate		0.5-1.6	%		0.3-0.7	%		0.4-1.6	%
	Expected life of options (years)		3.1-6.2			2.9-5.6			3.2-4.8
	Expected stock volatility		48.8-69.6	%		53.7-75.3	%		68.4-83.5	%
	Expected dividend yield		0	%		0	%		0	%
	(m)              Net Income/(Loss) Per Common Share —Basic net income/(loss) per common share for the fiscal years ended June 30, 2014, 2013, and 2012, was calculated by dividing net income/(loss) by the weighted average number of common shares outstanding for each period. Diluted net income/(loss) per common share for the fiscal years ended June 30, 2014, 2013, and 2012, was calculated by dividing net income by the weighted average number of common shares including the impact of dilutive common stock equivalents. See Note 10.
	(n)              Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of —Long-lived assets, principally property and equipment and leasehold improvements, are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are to be held and used, an impairment is recognized when the estimated undiscounted cash flows associated with the asset or group of assets is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and fair value. Fair values are determined based on quoted market values, discounted cash flows or internal appraisals, as applicable. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Impairment of long-lived assets has not had a material impact on our financial position, results of operations or liquidity for the periods presented.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Jun. 30, 2014
PROPERTY AND EQUIPMENT	'
PROPERTY AND EQUIPMENT	'
	(2) PROPERTY AND EQUIPMENT
	Property and equipment, net of accumulated depreciation, consisted of the following at (in thousands):
			June 30,
			2014			2013
	Land		$	8,504		$	8,504
	Buildings			46,096			44,565
	Furniture and fixtures			74,579			76,404
	Equipment			31,620			32,157
	Leasehold improvements			19,802			16,627
				180,601			178,257
	Less accumulated depreciation			(114,662	)		(112,248	)
		Net property and equipment	$	65,939			66,009

DEBT

DEBT	12 Months Ended
	Jun. 30, 2014
DEBT	'
DEBT	'
	(3) DEBT
	We have a credit agreement providing for an asset-based, five-year senior secured revolving credit facility in the amount of up to $180.0 million which matures on November 17, 2016 (the “Revolving Credit Facility”). Our indebtedness under the Revolving Credit Facility is secured by a lien on substantially all of our assets.  The Revolving Credit Facility contains certain restrictive covenants, which affect, among others, our ability to incur liens or incur additional indebtedness, change the nature of our business, sell assets or merge or consolidate with any other entity, or make investments or acquisitions unless they meet certain requirements.  Our financial covenant requires that we maintain availability of 10% of our calculated borrowing base, but never less than $15 million.  Our Revolving Credit Facility may, in some instances, limit payment of cash dividends and repurchases of the Company’s common stock.  In order to make a restricted payment, including payment of a dividend or a repurchase of shares, we must maintain availability of 17.5% of our lenders’ aggregate  commitments under the Revolving Credit Facility for three months prior to, and on a pro forma basis for the six months immediately following, and after giving effect to, the restricted payment and we must satisfy a fixed charge coverage ratio requirement.
	At June 30, 2014, we had no amounts outstanding under the Revolving Credit Facility, $6.4 million of outstanding letters of credit and availability of $98.7 million under the Revolving Credit Facility. Letters of credit under the Revolving Credit Facility are primarily for self insurance purposes.  We incur commitment fees of up to 0.375% on the unused portion of the Revolving Credit Facility. Any borrowing under the Revolving Credit Facility incurs interest at LIBOR or the prime rate, plus an applicable margin, at our election (except with respect to swing loans, which incur interest solely at the prime rate plus the applicable margin). These rates are increased or reduced as our average daily availability changes. Interest expense of $1.5 million for fiscal 2014 was due to commitment fees of $0.8 million and the amortization of financing fees of $0.7 million. Interest expense of $1.7 million for fiscal 2013 was due primarily to commitment fees of $0.8 million, the amortization of financing fees of $0.7 million and $0.2 million in interest expense on borrowings. Interest expense of $2.3 million for fiscal 2012 was due primarily to commitment fees of $1.1 million, the amortization of financing fees of $0.9 million and $0.3 million in interest expense on borrowings. As of June 30, 2014, we were in compliance with all required covenants.

ACCRUED_LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Jun. 30, 2014
ACCRUED LIABILITIES	'
ACCRUED LIABILITIES	'
	(4) ACCRUED LIABILITIES
	Accrued liabilities consist of the following (in thousands):
		June 30,
		2014		2013
	Sales tax	$	2,740	$	2,612
	Self-insurance reserves		11,860		9,437
	Wages & benefits		6,922		7,510
	Property taxes		1,506		1,383
	Freight expense		6,380		2,958
	Other expenses		10,210		11,819
	Total accrued liabilities	$	39,618	$	35,719

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2014
INCOME TAXES	'
INCOME TAXES	'
	(5) INCOME TAXES
	Income tax provision/(benefit) consists of (in thousands):
				Current			Deferred			Total
	Fiscal Year Ended June 30, 2014
		Federal		$	-2,981		$	2,861		$	(120	)
		State and local			161			—			161
		Total		$	(2,820	)	$	2,861		$	41
	Fiscal Year Ended June 30, 2013
		Federal		$	(135)		$	-6,827		$	(6,962	)
		State and local			242			-312			(70	)
		Total		$	107		$	-7,139		$	(7,032	)
	Fiscal Year Ended June 30, 2012
		Federal		$	1,505		$	-391		$	1,114
		State and local			561			-181			380
		Total		$	2,066		$	-572		$	1,494
	During fiscal 2013, the Company established a valuation allowance related to deferred tax assets.  In assessing whether a deferred tax asset would be realized, the Company considered whether it is more likely than not that some portion or all of the deferred tax assets would not be realized.  The Company considered the reversal of existing taxable temporary differences, projected future taxable income, tax planning strategies and loss carry back potential in making this assessment.  In evaluating the likelihood that sufficient future earnings would be available in the near future to realize the deferred tax assets, the Company considered its cumulative losses over three years including the current year.  Based on the foregoing, the Company concluded that a valuation allowance was necessary.  In fiscal 2014, the deferred tax asset valuation allowance was increased $3.9 million.  The Company was able to carry back $11.1 million in allowable federal net operating losses in fiscal 2014 and received a $2.9 million refund in fiscal 2014 as a result of  the carryback.  Also in fiscal 2014, the Company received a $2.0 million refund from overpayment of its federal tax return for fiscal 2013.
	The difference between income taxes at the statutory federal income tax rate of 34% in each of fiscal 2014 and 2013 and 35% in fiscal 2012, and income tax reported in continuing operations in the consolidated statements of operations is as follows (in thousands):
			Fiscal Year Ended
			June 30,
			2014				2013						2012
	Expected federal income tax provision/(benefit)		$	(3,446		)	$		(21,559		)		$	1,892
	State income taxes, net of related federal tax benefit			157					12					214
	Increase in federal valuation allowance			3,946					16,222					—
	Federal tax credits			-575					-589					-787
	Tax rate changes			-154					-382					—
	Other, net			113					-736					175
	Provision/(benefit) for income taxes		$	41			$		-7,032				$	1,494
	At the end of fiscal 2014, net deferred tax assets totaled $20.2 million, with an offsetting valuation allowance of $20.2 million.  Deferred tax assets and liabilities for the fiscal years ended June 30, 2014, 2013, and 2012 were comprised of the following (in thousands):
					June 30,
					2014			2013			2012
	Deferred tax assets:
		Current:
			Other payroll and benefits		$	1,090		$	947		$	1,847
			Inventory reserves			427			4,764			895
			Self-insurance reserves			4,428			3,495			3,738
			Share-based compensation			3,020			2,770			4,261
			Net operating loss and tax credits			7,500			2,861			—
			Other current assets			2,463			3,263			1,020
		Noncurrent:
			Other noncurrent assets			33			849			—
			Net operating loss and tax credits			12,502			13,358			—
			Deferred rent			1,050			1,084			1,262
		Total gross deferred tax assets			$	32,513		$	33,391		$	13,023
	Deferred tax liabilities:
		Current:
			Inventory costs		$	5,451		$	6,215		$	7,951
			Prepaid supplies			2,064			2,470			3,275
		Non-current:
			Property and equipment			4,829			5,623			6,075
		Total gross deferred tax liabilities				12,344			14,308			17,301
	Valuation allowance					-20,169			-16,222			—
		Net deferred tax asset/(liability)			$	—		$	2,861		$	-4,278
	The Company has federal net operating loss carryforwards of $46.2 million.  These losses can only be carried forward and  utilized to offset future income, but will expire in fiscal year 2034 if not utilized before then.  Additionally, the Company has state net operating loss carryforwards of $58.4 million, which will expire throughout the years 2015 through 2034, if not utilized before then.
	Accounting for Uncertainty in Income Taxes —The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state jurisdictions. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2009. The Internal Revenue Service has concluded an examination of the Company for years ending on or before June 30, 2010.
	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):
	Balance at June 30, 2011			$	480
	Additions for tax positions of prior years				—
	Reductions for lapse of statute of limitations				(82	)
	Balance at June 30, 2012			$	398
	Additions for tax positions of prior years				—
	Reductions for lapse of statute of limitations				(88	)
	Balance at June 30, 2013			$	310
		Additions for tax positions of prior years			—
	Reductions for lapse of statute of limitations			(90	)
Balance at June 30, 2014			$	220
The balance of taxes, interest, and penalties at June 30, 2014, that, if recognized, would affect the effective tax rate is $410,000.  The Company classifies and recognizes interest and penalties accrued related to unrecognized tax benefits in income tax expense.  During the fiscal years ended June 30, 2014, 2013, and 2012, we recognized $36,000, $23,000, and $28,000 in interest, respectively.  No interest or penalties were paid in the tax years ended June 30, 2014, 2013 and 2012.
We anticipate that the total amount of unrecognized tax benefits will decrease an amount immaterial to our results of operations within 12 months ending of June 30, 2015.

SHAREBASED_INCENTIVE_PLANS

SHARE-BASED INCENTIVE PLANS	12 Months Ended
	Jun. 30, 2014
SHARE-BASED INCENTIVE PLANS.	'
SHARE-BASED INCENTIVE PLANS	'
	(6) SHARE-BASED INCENTIVE PLANS
	We have established the Tuesday Morning Corporation 1997 Long-Term Equity Incentive Plan, as amended (the "1997 Plan"), the Tuesday Morning Corporation 2004 Long-Term Equity Incentive Plan, as amended (the "2004 Plan"), and the Tuesday Morning Corporation 2008 Long-Term Equity Incentive Plan, as amended (the "2008 Plan"), which were established to allow for the granting of certain awards to directors, officers and key employees of, and certain other key individuals who perform services for us and our subsidiaries.  Equity awards may no longer be granted under the 1997 Plan and 2004 Plan, but there are equity awards granted under the 1997 Plan and the 2004 Plan that are still outstanding.
	Performance Shares and Performance Units.  As of June 30, 2014, there were 10,000 performance shares outstanding under the 2004 Plan and 135,000 performance shares outstanding under the 2008 Plan.
	Stock Option Awards --  The 1997 Plan, 2004 Plan, and 2008 Plan authorized grants of options to purchase up to 4.8 million, 2.0 million, and 5.4 million shares of authorized, but unissued, common stock, respectively.  The 2008 Plan has 1.9 million shares remaining to be granted of authorized, but unissued, common stock.  Stock options may be granted to directors, officers, and key employees of, and certain other key individuals who perform services for us and our subsidiaries.
	Stock options are awarded with a strike price at a fair market value equal to the average of the high and low trading prices of our common stock on the date of grant under the 1997 Plan and the 2004 Plan. Stock options are awarded with a strike price at a fair market value equal to the closing price of our common stock on the date of the grant under the 2008 Plan.
	Options granted under the 1997 Plan and the 2004 Plan typically vest over periods of one to five years and expire ten years from the date of grant while options granted under the 2008 Plan typically vest over periods of one to four years and expire ten years from the date of grant. Options granted under the 2004 Plan and the 2008 Plan may have certain performance requirements in addition to service terms. If the performance conditions are not satisfied, the options are forfeited.  As of June 30, 2014, there were 0, 10,000 and 135,000 performance shares outstanding under the 1997 Plan, the 2004 Plan and the 2008 Plan, respectively. The exercise prices of stock options outstanding on June 30, 2014, range between $1.24 per share and $35.23 per share, which represents the fair market value of our common stock on the date the options were granted. At June 30, 2014, all shares available under the 1997 Plan and 2004 Plan had been granted.  The 1997 Plan and the 2004 Plan terminated pursuant to their terms as of December 29, 2007 and May 17, 2014 respectively. There are 1.9 million shares available for grant under  the 2008 Plan at June 30, 2014.
	Following is a summary of transactions relating to the 1997 Plan, 2004 Plan and 2008 Plan options for the fiscal years ended June 30, 2014, 2013, and 2012 (share amounts and aggregate intrinsic value in thousands):
				Number of			Weighted-		Weighted-			Aggregate
				Shares			Average		Average			Intrinsic
							Exercise		Remaining			Value
							Price		Contractual
									Term (Years)
	Options Outstanding at June 30, 2011 (vested or expected to vest)				2,795		$	10.68		5.09		$	3,943
		Granted during year			373			3.57
		Exercised during the year			(59	)		1.32
		Forfeited or expired during year			(214	)		20.19
	Options Outstanding at June 30, 2012				2,895			9.25		2.53		$	3,484
		Granted during year			1,665			6.66
		Exercised during the year			(942	)		1.92
		Forfeited or expired during year			(2,000	)		10.62
	Options Outstanding at June 30, 2013				1,618			9.17		7.14		$	6,177
		Granted during year			1,221			13.37
		Exercised during the year			-666			4.96
		Forfeited or expired during year			-442			16
	Options Outstanding at June 30, 2014				1,731			12		8.75		$	10,689
	Exercisable at June 30, 2014				588		$	10.47		7.63		$	4,929
	The weighted average grant date fair value of stock options granted during the fiscal years ended June 30, 2014, 2013, and 2012, was $5.48 per share, $2.90 per share, and $2.02 per share, respectively. The intrinsic value of vested unexercised options at June 30, 2014 is $4.9 million.
	There were options to purchase 666,001, 942,710 and 58,703 shares of our common stock, which were exercised during the fiscal years ended June 30, 2014, 2013, and 2012, respectively.  The aggregate intrinsic value of stock options exercised was $6.4 million, $2.4 million, and $152,000 during the fiscal years ended June 30, 2014, 2013, and 2012, respectively.  At June 30, 2014, we had $4.3 million of total unrecognized share-based compensation expense related to stock options that is expected to be recognized over a weighted average period of 2.51 years.
	The following table summarizes information about stock options outstanding at June 30, 2014:
			Options Outstanding												Options Exercisable
	Range of Exercise Prices		Number						Weighted Average						Weighted Average		Number			Weighted Average
			Outstanding						Remaining						Exercise Price		Exercisable			Exercise Price
									Contractual Life						Per Share					Per Share
									(Years)
	$1.24 - $6.29			244,540							7.81			$		4.98		178,200	$		4.93
	$7.00 - $10.46			230,000							8.77					8.39		186,667			8.29
	$12.39 - $12.39			276,500							9.19					12.39		—			—
	$12.68 - $12.68			350,000							9.16					12.68		150,000			12.68
	$12.82 - $14.19			276,795							9.2					14.02		15,000			13.84
	$14.34 - $14.72			296,036							9.68					14.41		—			—
	$15.31 - $35.23			57,912							1.14					27.93		57,912			27.93
				1,731,783							8.75			$		12		587,779	$		10.47
	Restricted Stock Awards — The 1997 Plan, the 2004 Plan, and the 2008 Plan authorize the grant of restricted stock awards to directors, officers, key employees and certain other key individuals who perform services for us and our subsidiaries. Equity awards may no longer be granted under the 1997 Plan and the 2004 Plan, but restricted stock awards granted under the 2004 Plan and the 2008 Plan are still outstanding.  Restricted stock awards are not transferable, but bear certain rights of common stock ownership including voting and dividend rights. Shares are valued at the fair market value of our common stock at the date of award. The weighted average grant date fair value of restricted stock awards granted during the fiscal years ended June 30, 2014, 2013, and 2012, was $13.95 per share, $7.90 per share, and $3.57 per share, respectively.  Shares may be subject to certain performance requirements. If the performance requirements are not met, the restricted shares are forfeited. At December 31, 2007, all shares under the 1997 Plan had been granted and the 1997 Plan terminated pursuant to its terms as of December 29, 2007. Under the 2004 Plan and the 2008 Plan, as of June 30, 2014, there were 356,223 shares of restricted stock outstanding with award vesting periods of one to four years and a weighted average fair value of $12.67 per share. Compensation expense related to restricted shares is recognized ratably over the requisite service period. Expense recorded for all restricted stock awards totaled $1.6 million, $908,000, and $668,000 for the fiscal years ended June 30, 2014, 2013, and 2012, respectively.  At June 30, 2014, we had $3.0 million of total unrecognized share-based compensation expense related to restricted stock awards that is expected to be recognized over a weighted average period of  2.26 years.
	The following table summarizes information about restricted stock awards outstanding for the fiscal years ended June 30, 2014, 2013, and 2012 (share amounts in thousands):
				Number of			Weighted-
				Shares			Average
							Fair Value at
							Date of Grant
	Outstanding at June 30, 2011				410		$	2.31
		Granted during year			162			3.57
		Vested during year			(352	)		1.96
		Forfeited during year			(29	)		3.83
	Outstanding at June 30, 2012				191		$	3.79
		Granted during year			325			7.9
		Vested during year			(128	)		3.81
		Forfeited during year			(127	)		5.75
	Outstanding at June 30, 2013				261		$	7.95
		Granted during year			301			13.94
		Vested during year			-138			8.32
		Forfeited during year			-68			9.12
	Outstanding at June 30, 2014				356		$	12.66

OPERATING_LEASES

OPERATING LEASES	12 Months Ended
	Jun. 30, 2014
OPERATING LEASES	'
OPERATING LEASES	'
	(7) OPERATING LEASES
	We lease substantially all store locations under non-cancelable operating leases. Our leases generally are for a five-year period with two five-year renewal options and, in very limited circumstances, our leases involve a tenant allowance for leasehold improvements. We record rent expense ratably over the life of the lease beginning with the date we take possession of or have the right to use the premises, and if our leases provide for a tenant allowance, we record the landlord reimbursement as a liability and ratably amortize the liability as a reduction to rent expense over the lease term beginning with the date we take possession of or control the physical access to the premises. Leases for new stores also typically allow us the ability to terminate a lease after 24 to 60 months if the store does not achieve sales expectations. Future minimum rental payments under leases are as follows (in thousands):
	Fiscal Years Ending June 30,
	2015	$	64,932
	2016		53,038
	2017		39,149
	2018		25,841
	2019		12,753
	Thereafter		13,249
	Total minimum rental payments	$	208,962
	Rent expense for the fiscal years ended June 30, 2014, 2013, and 2012 was $83.1 million, $82.7 million, and $82.5 million, respectively.  Rent expense includes rent for store locations and our distribution center. Rent based on sales is not material to our financial statements.

401K_PROFIT_SHARING_PLAN

401(K) PROFIT SHARING PLAN	12 Months Ended
	Jun. 30, 2014
401(K) PROFIT SHARING PLAN	'
401(K) PROFIT SHARING PLAN	'
	(8) 401(K) PROFIT SHARING PLAN
	We have a 401(k) profit sharing plan for the benefit of our full-time, eligible employees after six months of service. Under the plan, eligible employees may request us to deduct and contribute from 1% to 20% of their salary to the plan, subject to Internal Revenue Service Regulations.  We match each participant's contribution up to 4% of participant's compensation.  We expensed contributions of $1.0 million, $1.1 million, and $1.1 million for the fiscal years ended June 30, 2014, 2013, and 2012, respectively.

LEGAL_PROCEEDINGS

LEGAL PROCEEDINGS	12 Months Ended
	Jun. 30, 2014
LEGAL PROCEEDINGS	'
LEGAL PROCEEDINGS	'
	(9) LEGAL PROCEEDINGS
	The Company is defending against a class action lawsuit filed in California Superior Court, Los Angeles County, on December 5, 2008 — Julia Randell, et. al., v. Tuesday Morning, Inc., No. BC403298 (Cal. Super. Ct.) —  in which the original complaint alleged violations of California’s meal and rest period laws.  The two named plaintiffs, who are former employees of the Company, subsequently amended the complaint three times.  Narrowing their class allegations, the plaintiffs moved on March 14, 2012 to certify a class on the issue of whether the Company’s alleged practice of providing “on-duty” meal periods to Senior Sales Associates violates the California Labor Code.  The Court granted that motion on June 20, 2012, certifying a class comprised of current and former Senior Sales Associates who worked for the Company in California, and who were required to take meal breaks “on duty” at any point from April 1, 2005 to the present.  The Company filed motions to decertify the class and for summary judgment on January 4, 2013, which the Court denied on March 29, 2013.  On March 20, 2014, the parties executed a settlement agreement and release which, subject to Court approval, resolves the matter on a class basis.  On April 16, 2014, the Court granted preliminary approval of the settlement and authorized the parties to provide notice of the settlement and its terms to class members.  The hearing on the motion for final approval of the settlement is scheduled for October 9, 2014.  The terms of the settlement are not expected to have a material adverse effect on the Company’s financial condition or results of operations.

EARNINGS_PER_COMMON_SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Jun. 30, 2014
EARNINGS PER COMMON SHARE	'
EARNINGS PER COMMON SHARE	'
	(10) EARNINGS PER COMMON SHARE
	The following table sets forth the computation of basic and diluted (loss) earnings per common share (in thousands, except per share amounts):
			Fiscal Year Ended
			June 30,
			2014			2013			2012
		Net income/(loss)	$	(10,176	)	$	(56,376	)	$	3,913
		Less: Income to participating securities	—			—			30
		Net income/(loss) attributable to common shares	$	(10,176	)	$	(56,376	)	$	3,883
		Weighted average common shares outstanding – basic		42,943			42,248			41,986
		Effect of dilutive stock equivalents		—			—			550
		Weighted average common shares outstanding – dilutive		42,943			42,248				42,536
		Net income/(loss) per common share – basic	$	(0.24	)	$	(1.33	)	$		0.09
		Net income/(loss) per common share – diluted	$	(0.24	)	$	(1.33	)	$		0.09
	Options representing rights to purchase shares of common stock of 0.9 million at June 30, 2014, 1.0 million at June 30, 2013 and 1.9 million at June 30, 2012 were not included in the diluted earnings per share calculation because the assumed exercise of such options would have been anti-dilutive.

QUARTERLY_RESULTS_OF_OPERATION

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	12 Months Ended
	Jun. 30, 2014
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	'
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	'
	(11) QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
	A summary of the unaudited quarterly results is as follows for the years ended June 30, 2014 and 2013 (in thousands, except per share amounts):
		Quarters Ended
		Sept. 30,			Dec. 31,			March 31,			June 30,
		2013			2013			2014			2014
	Net sales	$	183,678		$	285,771		$	182,765		$	212,630
	Gross profit(1)		63,427			99,338			68,101			71,287
	Operating income/(loss)		(12,467	)		18,285			(7,629	)		(6,242	)
	Net income/(loss)(1)		(12,009	)		17,674			(8,428	)		(7,414	)
	Basic income/(loss) per share(2)	$	(0.28	)	$	0.41		$	(0.20	)	$	(0.17	)
	Diluted income/(loss) per share(2)	$	(0.28	)	$	0.41		$	(0.20	)	$	(0.17	)
		Quarters Ended
		Sept. 30,			Dec. 31,			March 31,			June 30,
		2012			2012			2013			2013
	Net sales	$	172,795		$	285,312		$	178,073		$	202,134
	Gross profit		64,906			61,601			66,157			66,774
	Operating loss(3)		(10,884	)		(22,593	)		(11,734	)		(11,284	)
	Net loss(4)		(6,961	)		(21,466	)		(12,366	)		(15,583	)
	Basic loss per share(2)	$	(0.17	)	$	(0.51	)	$	(0.29	)	$	(0.37	)
	Diluted loss per share(2)	$	(0.17	)	$	(0.51	)	$	(0.29	)	$	(0.37	)
	(1)    A significant portion of our net sales and net earnings are realized during the period from October through December while the increase in merchandise purchases in preparation for this holiday selling season occurs in prior months.
	(2)    Net income/(loss) per share amounts are computed independently for each of the quarters presented.  Therefore, the sum of the quarterly net income/(loss) per share in fiscal years 2014 and 2013 may not equal the total computed for the year.
	(3)    Our results for the quarter ended December 31, 2012 were impacted by a pretax loss of $41.8 million associated with the inventory write-down charge.
	(4)   Our results for the quarter ended June 30, 2013 were impacted by the disposal of assets including the e-commerce platform and

NATURE_OF_OPERATIONS_AND_SUMMA1

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2014
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Presentation	'
	(a)              Basis of Presentation —The accompanying consolidated financial statements include the accounts of Tuesday Morning Corporation, a Delaware corporation, and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. We operate our business as a single operating segment.  Certain reclassifications were made to prior period amounts to conform to the current period presentation.  None of the reclassifications affected our net income/(loss) in any period.
Cash and Cash Equivalents	'
	(b)              Cash and Cash Equivalents —Cash and cash equivalents are comprised of credit card receivables and all highly liquid instruments with original maturities of three months or less. Cash equivalents are carried at cost, which approximates fair value. At June 30, 2014 and 2013, credit card receivables from third party consumer credit card providers were $3.8 million and $7.4 million, respectively.
Inventories	'
	(c)              Inventories — Inventories, consisting of finished goods, are stated at the lower of cost or market using the retail inventory method for store inventory and the specific identification method for warehouse inventory.  We have a perpetual inventory system that tracks on hand inventory and inventory sold at a SKU level.  Inventory is relieved and cost of goods sold is recorded based on the current cost of the item sold.   Buying, distribution, freight and certain other costs are capitalized as part of inventory and are charged to cost of sales as the related inventory is sold.  We charged $70.5 million, $79.1 million, and $67.3 million, of such capitalized inventory costs to cost of sales for the fiscal years ended June 30, 2014, 2013, and 2012, respectively.
	Stores conduct annual physical inventories, staggered throughout the year.  We make adjustments to our financial statements based on the results of the physical inventories.  During periods where no physical inventories occur, we utilize an estimate for recording shrinkage reserves, based on historical trends of physical inventory results.  These shrinkage reserves may require a favorable or unfavorable adjustment to actual results to the extent our subsequent actual physical inventories yield a different result.  We review our inventory during and at the end of each quarter to ensure that all necessary pricing actions are taken to adequately value our inventory at the lower of cost or market by recording permanent markdowns to our on hand inventory.  Management believes these markdowns result in the appropriate prices necessary to stimulate demand of the merchandise.  Actual required permanent markdowns could differ materially from management’s initial estimates based on future customer demand or economic conditions.
Property and Equipment	'
	(d)              Property and Equipment— Property and equipment are stated at cost. Buildings, furniture, fixtures, leasehold improvements and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets as follows:
	Estimated Useful Lives
	Buildings	30 years
	Furniture and fixtures	3 to 7 years
	Leasehold improvements	Shorter of lease life or life of improvement
	Equipment	5 to 10 years
	Upon sale or retirement of an asset, the related cost and accumulated depreciation are removed from our accounts and any gain or loss is recognized in the statement of operations. Expenditures for maintenance, minor renewals and repairs are expensed as incurred, while major replacements and improvements are capitalized.  For the fiscal year ended June 30, 2014 we disposed of assets with a net book value of approximately $1.3 million, primarily related to the exit of certain merchandise categories as part of our business transformation strategy, which is presented in other income/(expense) on the Consolidated Statement of Operations.
Deferred Financing Costs	'
	(e)              Deferred Financing Costs —Deferred financing costs represent fees paid in connection with obtaining bank and other long-term financing. These fees are amortized over the term of the related financing using the effective interest method.
Income Taxes	'
	(f)              Income Taxes —Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using statutory tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment. We file our annual federal income tax return on a consolidated basis. Furthermore, we recognize uncertain tax positions when we have determined it is more likely than not that a tax position will be sustained upon examination. However, new information may become available or applicable laws or regulations may change thereby resulting in a favorable or unfavorable adjustment to amounts recorded.  Valuation allowances are established against deferred tax assets when it is more likely than not that the realization of those deferred tax assets will not occur.  Valuation allowances are released as positive evidence of future taxable income sufficient to realize the underlying deferred tax assets becomes available.
Self Insurance Reserves	'
	(g)              Self Insurance Reserves —We use a combination of insurance and self-insurance plans to provide for the potential liabilities associated with workers' compensation, general liability, property insurance, director and officers' liability insurance, vehicle liability and employee health care benefits. Our stop loss limits per claim are $500,000 for workers' compensation, $250,000 for general liability, and $150,000 for medical. Liabilities associated with the risks that are retained by us are estimated, in part, by historical claims experience, severity factors and the use of loss development factors.
	The insurance liabilities we record are primarily influenced by the frequency and severity of claims, and include a reserve for claims incurred but not yet reported.  Our estimated reserves may be materially different from our future actual claim costs, and, when required adjustments to our estimate reserves are identified, the liability will be adjusted accordingly in that period.   Our self-insurance reserves for workers' compensation, general liability and medical were $7.9 million, $3.1 million, and $1.0 million, respectively, at June 30, 2014; $6.0 million, $2.6 million, and $0.8 million, respectively, at June 30, 2013; and $5.9 million, $3.1 million, and $0.9 million, respectively, at June 30, 2012.
	We recognize insurance expenses based on the date of an occurrence of a loss including the actual and estimated ultimate costs of our claims. Claims are paid from our reserves and our current period insurance expense is adjusted for the difference in prior period recorded reserves and actual payments. Current period insurance expenses also include the amortization of our premiums paid to our insurance carriers. Expenses for workers' compensation, general liability and medical insurance were $5.6 million, $3.8 million and $8.4 million, respectively, for the fiscal year ended June 30, 2014; $4.0 million, $2.1 million and $8.5 million, respectively, for the fiscal year ended June 30, 2013; and $3.4 million, $2.8 million and $9.5 million, respectively, for the fiscal year ended June 30, 2012.
Revenue Recognition	'
	(h)              Revenue Recognition —Sales are recorded at the point of sale and conveyance of merchandise to customers. Sales are net of returns and exclude sales tax.
Advertising	'
	(i)              Advertising —Costs for direct mail, television, radio, newspaper, and other media are expensed as the advertised events take place. Advertising expenses for the fiscal years ended June 30, 2014, 2013, and 2012 were $26.2 million, $27.5 million, and $28.9 million, respectively. We do not receive money from vendors to support our advertising expenditures.  As of June 30, 2014, there was prepaid advertising of $113,000 compared to prepaid advertising of $121,000 at June 30, 2013.
Use of Estimates	'
	(j)              Use of Estimates —The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates.
Financial Instruments	'
	(k)              Financial Instruments — The fair value of financial instruments is determined by reference to various market data and other valuation techniques as appropriate. The only financial instruments we carry are our revolving credit facility and foreign currency exchange contracts for merchandise purchases denominated in foreign currency.
	We enter into foreign currency forward exchange contracts with a major financial institution that participates in our revolving credit facility to manage and reduce the impact of fluctuations in foreign currency exchange rates on certain contractual merchandise purchases with international vendors between the order and payment dates, which generally approximate 2 to 6 months. We do not utilize derivative financial instruments for trading or speculative purposes.
	We account for our foreign currency forward contracts as cash flow hedges in accordance with generally accepted accounting principles of the United States. Changes in the fair value of the contracts that are considered to be effective are recorded in other comprehensive income/(loss) until the hedged item is recorded in earnings. Effective cash flow hedges are reclassified out of other comprehensive income/(loss) and into cost of sales when the hedged inventory is sold. The ineffective portion of cash flow hedges are recorded in other income or loss and were not material for the periods presented. The effect of foreign exchange contracts on our financial position or results of operations historically and for the periods presented is and has been immaterial.
Share-Based Compensation	'
	(l)              Share-Based Compensation —We recognized share-based compensation costs under the requirements of U.S. generally accepted accounting principles as follows (in thousands):
		Fiscal Years Ended
		June 30,
		2014			2013			2012
	Amortization of share-based compensation during the period	$	3,048		$	1,886		$	1,834
	Amounts capitalized in inventory		(867	)		(497	)		(625	)
	Amount recognized and charged to cost of sales		794			599			778
	Amounts charged against income for the period before tax	$	2,975		$	1,988		$	1,987
	Consistent with prior years, the fair value of each stock option granted during the fiscal year ended June 30, 2014 was estimated at the date of grant using a Black-Scholes option pricing model. The expected term of an option is based on our historical review of employee exercise behavior based on the employee class (executive or non-executive) and based on our consideration of the remaining
	The risk-free interest rate is the constant maturity risk free interest rate for U.S. Treasury instruments with terms consistent with the expected lives of the awards. The expected volatility is based on both the historical volatility of our stock based on our historical stock prices and implied volatility of our traded stock options.
	These factors were as follows:
		Fiscal Years Ended June 30,
		2014			2013			2012
	Weighted average risk-free interest rate		0.5-1.6	%		0.3-0.7	%		0.4-1.6	%
	Expected life of options (years)		3.1-6.2			2.9-5.6			3.2-4.8
	Expected stock volatility		48.8-69.6	%		53.7-75.3	%		68.4-83.5	%
	Expected dividend yield		0	%		0	%		0	%
Net Income/(Loss) Per Common Share	'
	(m)              Net Income/(Loss) Per Common Share —Basic net income/(loss) per common share for the fiscal years ended June 30, 2014, 2013, and 2012, was calculated by dividing net income/(loss) by the weighted average number of common shares outstanding for each period. Diluted net income/(loss) per common share for the fiscal years ended June 30, 2014, 2013, and 2012, was calculated by dividing net income by the weighted average number of common shares including the impact of dilutive common stock equivalents. See Note 10.
Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of	'
	(n)              Impairment of Long-Lived Assets and Long-Lived Assets to Be Disposed Of —Long-lived assets, principally property and equipment and leasehold improvements, are reviewed for impairment when circumstances indicate the carrying value of an asset may not be recoverable. For assets that are to be held and used, an impairment is recognized when the estimated undiscounted cash flows associated with the asset or group of assets is less than their carrying value. If impairment exists, an adjustment is made to write the asset down to its fair value, and a loss is recorded as the difference between the carrying value and fair value. Fair values are determined based on quoted market values, discounted cash flows or internal appraisals, as applicable. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Impairment of long-lived assets has not had a material impact on our financial position, results of operations or liquidity for the periods presented.

NATURE_OF_OPERATIONS_AND_SUMMA2

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2014
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Schedule of estimated useful lives of assets	'
	Buildings	30 years
	Furniture and fixtures	3 to 7 years
	Leasehold improvements	Shorter of lease life or life of improvement
	Equipment	5 to 10 years
Schedule of share-based compensation costs recognized	'
		Fiscal Years Ended
		June 30,
		2014			2013			2012
	Amortization of share-based compensation during the period	$	3,048		$	1,886		$	1,834
	Amounts capitalized in inventory		(867	)		(497	)		(625	)
	Amount recognized and charged to cost of sales		794			599			778
	Amounts charged against income for the period before tax	$	2,975		$	1,988		$	1,987
Schedule of factors used in estimating the fair value of each stock option granted	'
		Fiscal Years Ended June 30,
		2014			2013			2012
	Weighted average risk-free interest rate		0.5-1.6	%		0.3-0.7	%		0.4-1.6	%
	Expected life of options (years)		3.1-6.2			2.9-5.6			3.2-4.8
	Expected stock volatility		48.8-69.6	%		53.7-75.3	%		68.4-83.5	%
	Expected dividend yield		0	%		0	%		0	%

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Jun. 30, 2014
PROPERTY AND EQUIPMENT	'
Schedule of property and equipment, net of accumulated depreciation	'
			June 30,
			2014			2013
	Land		$	8,504		$	8,504
	Buildings			46,096			44,565
	Furniture and fixtures			74,579			76,404
	Equipment			31,620			32,157
	Leasehold improvements			19,802			16,627
				180,601			178,257
	Less accumulated depreciation			(114,662	)		(112,248	)
		Net property and equipment	$	65,939			66,009

ACCRUED_LIABILITIES_Tables

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2014
ACCRUED LIABILITIES	'
Schedule of accrued liabilities	'
		June 30,
		2014		2013
	Sales tax	$	2,740	$	2,612
	Self-insurance reserves		11,860		9,437
	Wages & benefits		6,922		7,510
	Property taxes		1,506		1,383
	Freight expense		6,380		2,958
	Other expenses		10,210		11,819
	Total accrued liabilities	$	39,618	$	35,719

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2014
INCOME TAXES	'
Schedule of income tax expense	'
				Current			Deferred			Total
	Fiscal Year Ended June 30, 2014
		Federal		$	-2,981		$	2,861		$	(120	)
		State and local			161			—			161
		Total		$	(2,820	)	$	2,861		$	41
	Fiscal Year Ended June 30, 2013
		Federal		$	(135)		$	-6,827		$	(6,962	)
		State and local			242			-312			(70	)
		Total		$	107		$	-7,139		$	(7,032	)
	Fiscal Year Ended June 30, 2012
		Federal		$	1,505		$	-391		$	1,114
		State and local			561			-181			380
		Total		$	2,066		$	-572		$	1,494
Schedule of reconciliation of the expected federal income tax expense at the statutory income tax rate to the actual tax expense	'
			Fiscal Year Ended
			June 30,
			2014				2013						2012
	Expected federal income tax provision/(benefit)		$	(3,446		)	$		(21,559		)		$	1,892
	State income taxes, net of related federal tax benefit			157					12					214
	Increase in federal valuation allowance			3,946					16,222					—
	Federal tax credits			-575					-589					-787
	Tax rate changes			-154					-382					—
	Other, net			113					-736					175
	Provision/(benefit) for income taxes		$	41			$		-7,032				$	1,494
Schedule of the tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities	'
					June 30,
					2014			2013			2012
	Deferred tax assets:
		Current:
			Other payroll and benefits		$	1,090		$	947		$	1,847
			Inventory reserves			427			4,764			895
			Self-insurance reserves			4,428			3,495			3,738
			Share-based compensation			3,020			2,770			4,261
			Net operating loss and tax credits			7,500			2,861			—
			Other current assets			2,463			3,263			1,020
		Noncurrent:
			Other noncurrent assets			33			849			—
			Net operating loss and tax credits			12,502			13,358			—
			Deferred rent			1,050			1,084			1,262
		Total gross deferred tax assets			$	32,513		$	33,391		$	13,023
	Deferred tax liabilities:
		Current:
			Inventory costs		$	5,451		$	6,215		$	7,951
			Prepaid supplies			2,064			2,470			3,275
		Non-current:
			Property and equipment			4,829			5,623			6,075
		Total gross deferred tax liabilities				12,344			14,308			17,301
	Valuation allowance					-20,169			-16,222			—
		Net deferred tax asset/(liability)			$	—		$	2,861		$	-4,278
Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits	'
	Balance at June 30, 2011			$	480
	Additions for tax positions of prior years				—
	Reductions for lapse of statute of limitations				(82	)
	Balance at June 30, 2012			$	398
	Additions for tax positions of prior years				—
	Reductions for lapse of statute of limitations				(88	)
	Balance at June 30, 2013			$	310
		Additions for tax positions of prior years			—
		Reductions for lapse of statute of limitations			(90	)
	Balance at June 30, 2014			$	220

SHAREBASED_INCENTIVE_PLANS_Tab

SHARE-BASED INCENTIVE PLANS (Tables)	12 Months Ended
	Jun. 30, 2014
SHARE-BASED INCENTIVE PLANS.	'
Summary of option transactions	'
				Number of			Weighted-		Weighted-			Aggregate
				Shares			Average		Average			Intrinsic
							Exercise		Remaining			Value
							Price		Contractual
									Term (Years)
	Options Outstanding at June 30, 2011 (vested or expected to vest)				2,795		$	10.68		5.09		$	3,943
		Granted during year			373			3.57
		Exercised during the year			(59	)		1.32
		Forfeited or expired during year			(214	)		20.19
	Options Outstanding at June 30, 2012				2,895			9.25		2.53		$	3,484
		Granted during year			1,665			6.66
		Exercised during the year			(942	)		1.92
		Forfeited or expired during year			(2,000	)		10.62
	Options Outstanding at June 30, 2013				1,618			9.17		7.14		$	6,177
		Granted during year			1,221			13.37
		Exercised during the year			-666			4.96
		Forfeited or expired during year			-442			16
	Options Outstanding at June 30, 2014				1,731			12		8.75		$	10,689
	Exercisable at June 30, 2014				588		$	10.47		7.63		$	4,929
Summary of information about stock options outstanding	'
			Options Outstanding												Options Exercisable
	Range of Exercise Prices		Number						Weighted Average						Weighted Average		Number			Weighted Average
			Outstanding						Remaining						Exercise Price		Exercisable			Exercise Price
									Contractual Life						Per Share					Per Share
									(Years)
	$1.24 - $6.29			244,540							7.81			$		4.98		178,200	$		4.93
	$7.00 - $10.46			230,000							8.77					8.39		186,667			8.29
	$12.39 - $12.39			276,500							9.19					12.39		—			—
	$12.68 - $12.68			350,000							9.16					12.68		150,000			12.68
	$12.82 - $14.19			276,795							9.2					14.02		15,000			13.84
	$14.34 - $14.72			296,036							9.68					14.41		—			—
	$15.31 - $35.23			57,912							1.14					27.93		57,912			27.93
				1,731,783							8.75			$		12		587,779	$		10.47
Summary of information about restricted stock awards outstanding	'
				Number of			Weighted-
				Shares			Average
							Fair Value at
							Date of Grant
	Outstanding at June 30, 2011				410		$	2.31
		Granted during year			162			3.57
		Vested during year			(352	)		1.96
		Forfeited during year			(29	)		3.83
	Outstanding at June 30, 2012				191		$	3.79
		Granted during year			325			7.9
		Vested during year			(128	)		3.81
		Forfeited during year			(127	)		5.75
	Outstanding at June 30, 2013				261		$	7.95
		Granted during year			301			13.94
		Vested during year			-138			8.32
		Forfeited during year			-68			9.12
	Outstanding at June 30, 2014				356		$	12.66

OPERATING_LEASES_Tables

OPERATING LEASES (Tables)	12 Months Ended
	Jun. 30, 2014
OPERATING LEASES	'
Schedule of future minimum rental payments under leases	'
	Fiscal Years Ending June 30,
	2015	$	64,932
	2016		53,038
	2017		39,149
	2018		25,841
	2019		12,753
	Thereafter		13,249
	Total minimum rental payments	$	208,962

EARNINGS_PER_COMMON_SHARE_Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Jun. 30, 2014
EARNINGS PER COMMON SHARE	'
Schedule of computation of basic and diluted earnings per common share	'
			Fiscal Year Ended
			June 30,
			2014			2013			2012
		Net income/(loss)	$	(10,176	)	$	(56,376	)	$	3,913
		Less: Income to participating securities	—			—			30
		Net income/(loss) attributable to common shares	$	(10,176	)	$	(56,376	)	$	3,883
		Weighted average common shares outstanding – basic		42,943			42,248			41,986
		Effect of dilutive stock equivalents		—			—			550
		Weighted average common shares outstanding – dilutive		42,943			42,248				42,536
		Net income/(loss) per common share – basic	$	(0.24	)	$	(1.33	)	$		0.09
		Net income/(loss) per common share – diluted	$	(0.24	)	$	(1.33	)	$		0.09

QUARTERLY_RESULTS_OF_OPERATION1

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)	12 Months Ended
	Jun. 30, 2014
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	'
Summary of unaudited quarterly results	'
		Quarters Ended
		Sept. 30,			Dec. 31,			March 31,			June 30,
		2013			2013			2014			2014
	Net sales	$	183,678		$	285,771		$	182,765		$	212,630
	Gross profit(1)		63,427			99,338			68,101			71,287
	Operating income/(loss)		(12,467	)		18,285			(7,629	)		(6,242	)
	Net income/(loss)(1)		(12,009	)		17,674			(8,428	)		(7,414	)
	Basic income/(loss) per share(2)	$	(0.28	)	$	0.41		$	(0.20	)	$	(0.17	)
	Diluted income/(loss) per share(2)	$	(0.28	)	$	0.41		$	(0.20	)	$	(0.17	)
		Quarters Ended
		Sept. 30,			Dec. 31,			March 31,			June 30,
		2012			2012			2013			2013
	Net sales	$	172,795		$	285,312		$	178,073		$	202,134
	Gross profit		64,906			61,601			66,157			66,774
	Operating loss(3)		(10,884	)		(22,593	)		(11,734	)		(11,284	)
	Net loss(4)		(6,961	)		(21,466	)		(12,366	)		(15,583	)
	Basic loss per share(2)	$	(0.17	)	$	(0.51	)	$	(0.29	)	$	(0.37	)
	Diluted loss per share(2)	$	(0.17	)	$	(0.51	)	$	(0.29	)	$	(0.37	)

NATURE_OF_OPERATIONS_AND_SUMMA3

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
	Store	Store	Store
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'	'
Number of discount retail stores operated	810	828	852
Number of states in which the entity operates	41	'	'
Cash and Cash Equivalents	'	'	'
Maximum original maturity period to consider all highly liquid instruments as cash equivalents (in months)	'3 months	'	'
Credit card receivables from third party consumer credit card providers	$3.80	$7.40	'
Inventories	'	'	'
Capitalized inventory costs expensed in cost of sales	70.5	79.1	67.3
Property and Equipment	'	'	'
Disposal of assets	$1.30	'	'
Buildings	'	'	'
Property and Equipment	'	'	'
Estimated useful life (in years)	'30 years	'	'
Furniture and fixtures | Minimum	'	'	'
Property and Equipment	'	'	'
Estimated useful life (in years)	'3 years	'	'
Furniture and fixtures | Maximum	'	'	'
Property and Equipment	'	'	'
Estimated useful life (in years)	'7 years	'	'
Equipment | Minimum	'	'	'
Property and Equipment	'	'	'
Estimated useful life (in years)	'5 years	'	'
Equipment | Maximum	'	'	'
Property and Equipment	'	'	'
Estimated useful life (in years)	'10 years	'	'

NATURE_OF_OPERATIONS_AND_SUMMA4

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Advertising	'	'	'
Advertising expenses	$26,200,000	$27,500,000	$28,900,000
Prepaid advertising	113,000	121,000	'
Financial Instruments	'	'	'
Period of foreign currency forward exchange contracts, minimum (in months)	'2 months	'	'
Period of foreign currency forward exchange contracts, maximum (in months)	'6 months	'	'
Worker's compensation	'	'	'
Self Insurance Reserves	'	'	'
Stop loss limits per claim	500,000	'	'
Self insurance reserve	7,900,000	6,000,000	5,900,000
Insurance expenses recognized	5,600,000	4,000,000	3,400,000
General liability	'	'	'
Self Insurance Reserves	'	'	'
Stop loss limits per claim	250,000	'	'
Self insurance reserve	3,100,000	2,600,000	3,100,000
Insurance expenses recognized	3,800,000	2,100,000	2,800,000
Medical liabilities	'	'	'
Self Insurance Reserves	'	'	'
Stop loss limits per claim	150,000	'	'
Self insurance reserve	1,000,000	800,000	900,000
Insurance expenses recognized	$8,400,000	$8,500,000	$9,500,000

NATURE_OF_OPERATIONS_AND_SUMMA5

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'	'
Amortization of share-based compensation during the period	$3,048,000	$1,886,000	$1,834,000
Share-Based Compensation	'	'	'
Amounts charged against income before tax	2,975,000	1,988,000	1,987,000
Factors used in estimating the fair value of each stock option granted	'	'	'
Weighted average risk-free interest rate, minimum (as a percent)	'	0.30%	0.40%
Weighted average risk-free interest rate, maximum (as a percent)	'	0.70%	1.60%
Expected stock volatility, minimum (as a percent)	48.80%	'	'
Expected stock volatility, maximum (as a percent)	69.60%	'	'
Expected dividend yield (as a percent)	0.00%	0.00%	0.00%
Minimum	'	'	'
Factors used in estimating the fair value of each stock option granted	'	'	'
Weighted average risk-free interest rate, minimum (as a percent)	0.50%	'	'
Expected life of options (in years)	'3 years 1 month 6 days	'2 years 10 months 24 days	'3 years 2 months 12 days
Expected stock volatility, minimum (as a percent)	'	53.70%	68.40%
Maximum	'	'	'
Factors used in estimating the fair value of each stock option granted	'	'	'
Weighted average risk-free interest rate, maximum (as a percent)	1.60%	'	'
Expected life of options (in years)	'6 years 2 months 12 days	'5 years 7 months 6 days	'4 years 9 months 18 days
Expected stock volatility, maximum (as a percent)	'	75.30%	83.50%
Cost of goods sold	'	'	'
Share-Based Compensation	'	'	'
Amounts charged against income before tax	$794,000	$599,000	$778,000

PROPERTY_AND_EQUIPMENT_Details

PROPERTY AND EQUIPMENT (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Property and equipment, net of accumulated depreciation	'	'
Gross property and equipment	$180,601	$178,257
Less accumulated depreciation	-114,662	-112,248
Net property and equipment	65,939	66,009
Land	'	'
Property and equipment, net of accumulated depreciation	'	'
Gross property and equipment	8,504	8,504
Buildings	'	'
Property and equipment, net of accumulated depreciation	'	'
Gross property and equipment	46,096	44,565
Furniture and fixtures	'	'
Property and equipment, net of accumulated depreciation	'	'
Gross property and equipment	74,579	76,404
Equipment	'	'
Property and equipment, net of accumulated depreciation	'	'
Gross property and equipment	31,620	32,157
Leasehold improvements	'	'
Property and equipment, net of accumulated depreciation	'	'
Gross property and equipment	$19,802	$16,627

DEBT_Details

DEBT (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
DEBT	'	'	'
Interest expense	$1,500,000	$1,677,000	$2,254,000
Amortization of financing fees	595,000	592,000	760,000
Revolving Credit Facility	'	'	'
DEBT	'	'	'
Term of credit facility (in years)	'5 years	'	'
Maximum borrowing capacity	180,000,000	'	'
Outstanding letters of credit	6,400,000	'	'
Availability to be maintained under credit facility, percentage	10.00%	'	'
Availability under the credit facility	98,700,000	'	'
Availability to be maintained under credit facility before restriction on investments, percentage	17.50%	'	'
Covenant terms	'Our financial covenant requires that we maintain availability of 10% of our calculated borrowing base, but never less than $15 million.	'	'
Interest expense	1,500,000	1,700,000	2,300,000
Commitment fees	800,000	800,000	1,100,000
Amortization of financing fees	700,000	700,000	900,000
Interest expense on borrowings	'	200,000	300,000
Revolving Credit Facility | Minimum	'	'	'
DEBT	'	'	'
Availability to be maintained under credit facility	$15,000,000	'	'
Revolving Credit Facility | Maximum	'	'	'
DEBT	'	'	'
Commitment fees (as a percent)	0.38%	'	'

ACCRUED_LIABILITIES_Details

ACCRUED LIABILITIES (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
ACCRUED LIABILITIES	'	'
Sales tax	$2,740	$2,612
Self-insurance reserves	11,860	9,437
Wages & benefits	6,922	7,510
Property taxes	1,506	1,383
Freight expense	6,380	2,958
Other expenses	10,210	11,819
Total accrued liabilities	$39,618	$35,719

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Current	'	'	'
Federal	($2,981,000)	($135,000)	$1,505,000
State and local	161,000	242,000	561,000
Total	-2,820,000	107,000	2,066,000
Deferred	'	'	'
Federal	2,861,000	-6,827,000	-391,000
State and local	'	-312,000	-181,000
Total	2,861,000	-7,139,000	-572,000
Total	'	'	'
Federal	-120,000	-6,962,000	1,114,000
State and local	161,000	-70,000	380,000
Total tax expense	41,000	-7,032,000	1,494,000
Reconciliation of the expected federal income tax expense at the statutory income tax rate to the actual tax expense	'	'	'
Tax rate (as a percent)	34.00%	34.00%	35.00%
Expected federal income tax provision/(benefit)	-3,446,000	-21,559,000	1,892,000
State income taxes, net of related federal tax benefit	157,000	12,000	214,000
Increase in federal valuation allowance	3,946,000	16,222,000	0
Federal tax credits	-575,000	-589,000	-787,000
Tax rate changes	-154,000	-382,000	0
Other, net	113,000	-736,000	175,000
Total tax expense	41,000	-7,032,000	1,494,000
Current:	'	'	'
Other payroll and benefits	1,090,000	947,000	1,847,000
Inventory reserves	427,000	4,764,000	895,000
Self-insurance reserves	4,428,000	3,495,000	3,738,000
Share-based compensation	3,020,000	2,770,000	4,261,000
Net operating loss and tax credits	7,500,000	2,861,000	'
Other current assets	2,463,000	3,263,000	1,020,000
Noncurrent:	'	'	'
Other noncurrent assets	33,000	849,000	'
Net operating loss and tax credits	12,502,000	13,358,000	'
Deferred rent	1,050,000	1,084,000	1,262,000
Total gross deferred tax assets	32,513,000	33,391,000	13,023,000
Current:	'	'	'
Inventory costs	5,451,000	6,215,000	7,951,000
Prepaid supplies	2,064,000	2,470,000	3,275,000
Non-current:	'	'	'
Property and equipment	4,829,000	5,623,000	6,075,000
Total gross deferred tax liabilities	12,344,000	14,308,000	17,301,000
Valuation allowance	-20,169,000	-16,222,000	'
Net deferred tax assets (liability)	'	2,861,000	-4,278,000
Deferred income tax assets	20,200,000	'	'
Valuation allowance	20,169,000	16,222,000	'
Operating loss carryforward - Federal	46,200,000	'	'
Operating loss carryforward - State	58,400,000	'	'
Number of subsidiaries filing income tax returns in the U.S. federal jurisdiction, and various state jurisdictions	1	'	'
Reconciliation of the beginning and ending amount of unrecognized tax benefits	'	'	'
Balance at beginning of the period	310,000	398,000	480,000
Reductions for settlements	-90,000	-88,000	-82,000
Balance at end of the period	220,000	310,000	398,000
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	410,000	'	'
Interest, net of tax effect recognized	36,000	23,000	28,000
Interest paid, net of tax	$0	$0	$0

SHAREBASED_INCENTIVE_PLANS_Det

SHARE-BASED INCENTIVE PLANS (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Expiration period (in years)	'10 years	'	'	'
Stock Option Awards	'	'	'	'
Number of Shares	'	'	'	'
Options outstanding at the beginning of the period (vested or expected to vest) (in shares)	1,618,000	2,895,000	2,795,000	'
Granted (in shares)	1,221,000	1,665,000	373,000	'
Exercised (in shares)	-666,000	-942,000	-59,000	'
Forfeited or expired (in shares)	-442,000	-2,000,000	-214,000	'
Options outstanding at the end of the period (vested or expected to vest) (in shares)	1,731,000	1,618,000	2,895,000	2,795,000
Exercisable at the end of the period (in shares)	588,000	'	'	'
Weighted-Average Exercise Price	'	'	'	'
Outstanding at the beginning of the period (vested or expected to vest) (in dollars per share)	$9.17	$9.25	$10.68	'
Granted (in dollars per share)	$13.37	$6.66	$3.57	'
Exercised (in dollars per share)	$4.96	$1.92	$1.32	'
Forfeited or expired (in dollars per share)	$16	$10.62	$20.19	'
Outstanding at the end of the period (vested or expected to vest) (in dollars per share)	$12	$9.17	$9.25	$10.68
Exercisable at the end of the period (in dollars per share)	$10.47	'	'	'
Weighted-Average Remaining Contractual Term (in years)	'	'	'	'
Outstanding at the end of the period (vested or expected to vest)(in years)	'8 years 9 months	'7 years 1 month 20 days	'2 years 6 months 11 days	'5 years 1 month 2 days
Exercisable at the end of the period (in years)	'7 years 7 months 17 days	'	'	'
Aggregate Intrinsic Value	'	'	'	'
Outstanding at the beginning of the period (vested or expected to vest) (in dollars)	$6,177,000	$3,484,000	$3,943,000	'
Outstanding at the end of the period (vested or expected to vest) (in dollars)	10,689,000	6,177,000	3,484,000	3,943,000
Exercisable at the end of the period (in dollars)	4,929,000	'	'	'
Additional disclosures	'	'	'	'
Weighted average grant date fair value of awards granted (in dollars per share)	$5.48	$2.90	$2.02	'
Aggregate intrinsic value of awards vested (in dollars)	4,900,000	'	'	'
Aggregate intrinsic value of awards exercised (in dollars)	6,400,000	2,400,000	152,000	'
Unrecognized share-based compensation expense (in dollars)	$4,300,000	'	'	'
Weighted average period for recognition of unrecognized share-based compensation expense (in years)	'2 years 6 months 4 days	'	'	'
Exercised (in shares)	666,000	942,000	59,000	'
Stock Option Awards | Minimum	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Exercise price of stock options outstanding, low end of range (in dollars per share)	$1.24	'	'	'
Stock Option Awards | Maximum	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Exercise price of stock option outstanding, high end of range (in dollars per share)	$35.23	'	'	'
1997 Plan | Stock Option Awards	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Number of shares authorized	4,800,000	'	'	'
Expiration period (in years)	'10 years	'	'	'
1997 Plan | Stock Option Awards | Minimum	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Vesting period (in years)	'1 year	'	'	'
1997 Plan | Stock Option Awards | Maximum	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Vesting period (in years)	'5 years	'	'	'
1997 Plan | Performance Shares	'	'	'	'
Additional disclosures	'	'	'	'
Awards outstanding	0	'	'	'
2004 Plan | Stock Option Awards	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Number of shares authorized	2,000,000	'	'	'
Expiration period (in years)	'10 years	'	'	'
2004 Plan | Stock Option Awards | Minimum	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Vesting period (in years)	'1 year	'	'	'
2004 Plan | Stock Option Awards | Maximum	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Vesting period (in years)	'5 years	'	'	'
2004 Plan | Performance Shares	'	'	'	'
Additional disclosures	'	'	'	'
Awards outstanding	10,000	'	'	'
2008 Plan | Stock Option Awards	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Number of shares authorized	5,400,000	'	'	'
Shares available for grant	1,900,000	'	'	'
2008 Plan | Stock Option Awards | Minimum	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Vesting period (in years)	'1 year	'	'	'
2008 Plan | Stock Option Awards | Maximum	'	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'	'
Vesting period (in years)	'4 years	'	'	'
2008 Plan | Performance Shares	'	'	'	'
Additional disclosures	'	'	'	'
Awards outstanding	135,000	'	'	'

SHAREBASED_INCENTIVE_PLANS_Det1

SHARE-BASED INCENTIVE PLANS (Details 2) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014
Information about stock options outstanding	'
Number Outstanding (in shares)	1,731,783
Weighted Average Remaining Contractual Life (in years)	'8 years 9 months
Weighted Average Exercise Price Per Share (in dollars per share)	$12
Number Exercisable (in shares)	587,779
Weighted Average Exercise Price Per Share (in dollars per share)	$10.47
$1.24 - $6.29	'
Information about stock options outstanding	'
Low end of range of exercise prices (in dollars per share)	$1.24
High end of range of exercise prices (in dollars per share)	$6.29
Number Outstanding (in shares)	244,540
Weighted Average Remaining Contractual Life (in years)	'7 years 9 months 22 days
Weighted Average Exercise Price Per Share (in dollars per share)	$4.98
Number Exercisable (in shares)	178,200
Weighted Average Exercise Price Per Share (in dollars per share)	$4.93
$7.00 - $10.46	'
Information about stock options outstanding	'
Low end of range of exercise prices (in dollars per share)	$7
High end of range of exercise prices (in dollars per share)	$10.46
Number Outstanding (in shares)	230,000
Weighted Average Remaining Contractual Life (in years)	'8 years 9 months 7 days
Weighted Average Exercise Price Per Share (in dollars per share)	$8.39
Number Exercisable (in shares)	186,667
Weighted Average Exercise Price Per Share (in dollars per share)	$8.29
$12.39 - $12.39	'
Information about stock options outstanding	'
Low end of range of exercise prices (in dollars per share)	$12.39
High end of range of exercise prices (in dollars per share)	$12.39
Number Outstanding (in shares)	276,500
Weighted Average Remaining Contractual Life (in years)	'9 years 2 months 8 days
Weighted Average Exercise Price Per Share (in dollars per share)	$12.39
$12.68 - $12.68	'
Information about stock options outstanding	'
Low end of range of exercise prices (in dollars per share)	$12.68
High end of range of exercise prices (in dollars per share)	$12.68
Number Outstanding (in shares)	350,000
Weighted Average Remaining Contractual Life (in years)	'9 years 1 month 28 days
Weighted Average Exercise Price Per Share (in dollars per share)	$12.68
Number Exercisable (in shares)	150,000
Weighted Average Exercise Price Per Share (in dollars per share)	$12.68
$12.82 - $14.19	'
Information about stock options outstanding	'
Low end of range of exercise prices (in dollars per share)	$12.82
High end of range of exercise prices (in dollars per share)	$14.19
Number Outstanding (in shares)	276,795
Weighted Average Remaining Contractual Life (in years)	'9 years 2 months 12 days
Weighted Average Exercise Price Per Share (in dollars per share)	$14.02
Number Exercisable (in shares)	15,000
Weighted Average Exercise Price Per Share (in dollars per share)	$13.84
$14.34 - $14.72	'
Information about stock options outstanding	'
Low end of range of exercise prices (in dollars per share)	$14.34
High end of range of exercise prices (in dollars per share)	$14.72
Number Outstanding (in shares)	296,036
Weighted Average Remaining Contractual Life (in years)	'9 years 8 months 5 days
Weighted Average Exercise Price Per Share (in dollars per share)	$14.41
$15.31 - $35.23	'
Information about stock options outstanding	'
Low end of range of exercise prices (in dollars per share)	$15.31
High end of range of exercise prices (in dollars per share)	$35.23
Number Outstanding (in shares)	57,912
Weighted Average Remaining Contractual Life (in years)	'1 year 1 month 20 days
Weighted Average Exercise Price Per Share (in dollars per share)	$27.93
Number Exercisable (in shares)	57,912
Weighted Average Exercise Price Per Share (in dollars per share)	$27.93

SHAREBASED_INCENTIVE_PLANS_Det2

SHARE-BASED INCENTIVE PLANS (Details 3) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
SHARE-BASED INCENTIVE PLANS	'	'	'
Expenses recorded for awards (in dollars)	$2,975,000	$1,988,000	$1,987,000
Restricted Stock Awards	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'
Weighted average grant date fair value of awards granted (in dollars per share)	$13.94	$7.90	$3.57
Expenses recorded for awards (in dollars)	1,600,000	908,000	668,000
Unrecognized share-based compensation expense	$3,000,000	'	'
Weighted average period for recognition of unrecognized share-based compensation expense (in years)	'2 years 3 months 4 days	'	'
Number of Shares	'	'	'
Outstanding at the beginning of the period (in shares)	261,000	191,000	410,000
Granted (in shares)	301,000	325,000	162,000
Vested (in shares)	-138,000	-128,000	-352,000
Forfeited (in shares)	-68,000	-127,000	-29,000
Outstanding at the end of the period (in shares)	356,000	261,000	191,000
Weighted-Average Fair Value at Date of Grant	'	'	'
Outstanding at the beginning of the period (in dollars per share)	$7.95	$3.79	$2.31
Granted (in dollars per share)	$13.94	$7.90	$3.57
Vested (in dollars per share)	$8.32	$3.81	$1.96
Forfeited (in dollars per share)	$9.12	$5.75	$3.83
Outstanding at the end of the period (in dollars per share)	$12.66	$7.95	$3.79
2004 Plan | Restricted Stock Awards	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'
Weighted average grant date fair value of awards granted (in dollars per share)	$12.67	'	'
Weighted-Average Fair Value at Date of Grant	'	'	'
Granted (in dollars per share)	$12.67	'	'
2004 Plan | Restricted Stock Awards | Minimum	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'
Vesting period (in years)	'1 year	'	'
2004 Plan | Restricted Stock Awards | Maximum	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'
Vesting period (in years)	'4 years	'	'
2008 Plan | Restricted Stock Awards	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'
Weighted average grant date fair value of awards granted (in dollars per share)	$12.67	'	'
Weighted-Average Fair Value at Date of Grant	'	'	'
Granted (in dollars per share)	$12.67	'	'
2008 Plan | Restricted Stock Awards | Minimum	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'
Vesting period (in years)	'1 year	'	'
2008 Plan | Restricted Stock Awards | Maximum	'	'	'
SHARE-BASED INCENTIVE PLANS	'	'	'
Vesting period (in years)	'4 years	'	'

OPERATING_LEASES_Details

OPERATING LEASES (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
OPERATING LEASES	'	'	'
Initial term of the lease (in years)	'5 years	'	'
Number of options available for lease extensions	2	'	'
Period available under each lease renewal option (in years)	'5 years	'	'
Future minimum rental payments under leases	'	'	'
2015	$64,932,000	'	'
2016	53,038,000	'	'
2017	39,149,000	'	'
2018	25,841,000	'	'
2019	12,753,000	'	'
Thereafter	13,249,000	'	'
Total minimum rental payment	208,962,000	'	'
Rent expense	$83,100,000	$82,700,000	$82,500,000
Minimum	'	'	'
OPERATING LEASES	'	'	'
Period after which leases for new stores can be terminated if the store does not achieve sales expectations (in years)	'24 months	'	'
Maximum	'	'	'
OPERATING LEASES	'	'	'
Period after which leases for new stores can be terminated if the store does not achieve sales expectations (in years)	'60 months	'	'

401K_PROFIT_SHARING_PLAN_Detai

401(K) PROFIT SHARING PLAN (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Profit sharing plan	'	'	'
Eligible service period (in months)	'6 months	'	'
Contributions expensed	$1	$1.10	$1.10
Minimum	'	'	'
Profit sharing plan	'	'	'
Employee's contribution (as a percent)	1.00%	'	'
Maximum	'	'	'
Profit sharing plan	'	'	'
Employee's contribution (as a percent)	20.00%	'	'
Match contribution by employer (as a percent)	4.00%	'	'

LEGAL_PROCEEDINGS_Details

LEGAL PROCEEDINGS (Details) (Pending Litigation, Class Action)	12 Months Ended
	Jun. 30, 2014
Pending Litigation | Class Action	'
LEGAL PROCEEDINGS	'
Lawsuit filing date	'December 5, 2008
Domicile of litigation	'California Superior Court, Los Angeles County
Name of defendant	'Tuesday Morning, Inc
Name of plaintiff	'Julia Randell
Number of times for which complaint was amended	3
Number of individual plaintiffs	2
Law affected	'California's meal and rest period laws
Actions taken by plaintiffs	'the plaintiffs moved on March 14, 2012 to certify a class on the issue of whether the Company's alleged practice of providing "on-duty" meal periods to Senior Sales Associates violates the California Labor Code
Actions taken by the court	'The Court granted that motion on June 20, 2012, certifying a class comprised of current and former Senior Sales Associates who worked for the Company in California, and who were required to take meal breaks "on duty" at any point from April 1, 2005 to the present.
Actions taken by defendant	'The Company filed motions to decertify the class and for summary judgment on January 4, 2013, which the Court denied on March 29, 2013.
Current state of litigation	'On March 20, 2014, the parties executed a settlement agreement and release which, subject to Court approval, resolves the matter on a class basis. On April 16, 2014, the Court granted preliminary approval of the settlement and authorized the parties to provide notice of the settlement and its terms to class members. The hearing on the motion for final approval of the settlement is scheduled for October 9, 2014.
Opinion of counsel	'The terms of the settlement are not expected to have a material adverse effect on the Company's financial condition or results of operations.

EARNINGS_PER_COMMON_SHARE_Deta

EARNINGS PER COMMON SHARE (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
EARNINGS PER COMMON SHARE	'	'	'	'	'	'	'	'	'	'	'
Net income/(loss)	($7,414)	($8,428)	$17,674	($12,009)	($15,583)	($12,366)	($21,466)	($6,961)	($10,176)	($56,376)	$3,913
Less: Income to participating securities	'	'	'	'	'	'	'	'	'	'	30
Net income/(loss) attributable to common shares	'	'	'	'	'	'	'	'	($10,176)	($56,376)	$3,883
Weighted average common shares outstanding - basic	'	'	'	'	'	'	'	'	42,943	42,248	41,986
Effect of dilutive stock equivalents (in shares)	'	'	'	'	'	'	'	'	'	'	550
Weighted average commons shares outstanding - dilutive	'	'	'	'	'	'	'	'	42,943	42,248	42,536
Net income/(loss) per common share - basic (in dollars per share)	($0.17)	($0.20)	$0.41	($0.28)	($0.37)	($0.29)	($0.51)	($0.17)	($0.24)	($1.33)	$0.09
Net income/(loss) per common share - diluted (in dollars per share)	($0.17)	($0.20)	$0.41	($0.28)	($0.37)	($0.29)	($0.51)	($0.17)	($0.24)	($1.33)	$0.09

QUARTERLY_RESULTS_OF_OPERATION2

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	'	'	'	'	'	'	'	'	'	'	'
Net sales	$212,630	$182,765	$285,771	$183,678	$202,134	$178,073	$285,312	$172,795	$864,844	$838,314	$812,782
Gross profit	71,287	68,101	99,338	63,427	66,774	66,157	61,601	64,906	302,152	259,438	308,864
Operating income/(loss)	-6,242	-7,629	18,285	-12,467	-11,284	-11,734	-22,593	-10,884	-8,053	-56,495	7,437
Net income/(loss)	($7,414)	($8,428)	$17,674	($12,009)	($15,583)	($12,366)	($21,466)	($6,961)	($10,176)	($56,376)	$3,913
Basic (loss) earnings per share (in dollars per share)	($0.17)	($0.20)	$0.41	($0.28)	($0.37)	($0.29)	($0.51)	($0.17)	($0.24)	($1.33)	$0.09
Diluted (loss) earnings per share (in dollars per share)	($0.17)	($0.20)	$0.41	($0.28)	($0.37)	($0.29)	($0.51)	($0.17)	($0.24)	($1.33)	$0.09