Tuesday Morning (TUEMQ) 10-Q 31 Oct 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2013	Oct. 28, 2013
Document and Entity Information
Entity Registrant Name	TUESDAY MORNING CORP/DE
Entity Central Index Key	878726
Document Type	10-Q
Document Period End Date	30-Sep-13
Amendment Flag	FALSE
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	-24
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		43,085,417

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$13,325	$28,896
Inventories	260,437	211,981
Prepaid expenses	7,098	6,609
Deferred income taxes		991
Other current assets	3,207	2,310
Total Current Assets	284,067	250,787
Property and equipment, net	66,256	66,009
Deferred financing costs	1,863	2,011
Other assets	1,153	1,203
Deferred income tax - non current	3,545	1,870
Total Assets	356,884	321,880
Current liabilities:
Accounts payable	116,104	72,958
Accrued liabilities	37,877	35,719
Deferred income taxes payable	684
Income taxes payable	2	85
Total Current Liabilities	154,667	108,762
Deferred rent	2,870	2,885
Other Liabilities - non current	2,289	2,289
Income taxes payable - non current	495	487
Total Liabilities	160,321	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; 44,818,114 shares issued and 43,084,686 shares outstanding at September 30, 2013 and 44,517,731 shares issued and 42,785,978 shares outstanding at June 30, 2013	448	445
Additional paid-in capital	215,148	214,012
Retained deficit	-12,811	-802
Less: 1,733,428 common shares in treasury, at cost, at September 30, 2013 and 1,731,753 common shares in treasury, at cost, at June 30, 2013	-6,222	-6,198
Total Stockholders' Equity	196,563	207,457
Total Liabilities and Stockholders' Equity	$356,884	$321,880

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	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	10,000,000
Common stock, shares issued	44,818,114	44,517,731
Common stock, shares outstanding	43,084,686	42,785,978
Treasury stock, shares	1,733,428	1,731,753

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements of Operations
Net sales	$183,678	$172,795
Cost of sales	120,251	107,889
Gross profit	63,427	64,906
Selling, general and administrative expenses	75,894	75,790
Operating loss	-12,467	-10,884
Other income (expense):
Interest expense	-375	-422
Other income, net	84	58
Other expense, net	-291	-364
Loss before income taxes	-12,758	-11,248
Income tax benefit	-749	-4,287
Net Loss	($12,009)	($6,961)
Net loss per common share:
Basic (in dollars per share)	($0.28)	($0.17)
Diluted (in dollars per share)	($0.28)	($0.17)
Weighted average number of common shares:
Basic (in shares)	42,618	41,764
Diluted (in shares)	42,618	41,764

Statement_of_Comprehensive_Los

Statement of Comprehensive Loss (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2012
Statement of Other Comprehensive Income [Abstract]
Net loss	($6,961)
Other Comprehensive Income/(Loss):
Foreign currency translation adjustments	50
Less: Reclassification adjustment for losses included in net loss	-1
Other Comprehensive Income, before tax	49
Less: Income tax provision related to items of other comprehensive income	-19
Comprehensive Loss	($6,931)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Net cash flows from operating activities:
Net loss	($12,009)	($6,961)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	2,870	3,608
Amortization of financing fees	148	151
Deferred income taxes		-671
Loss on disposal of assets	55	85
Share-based compensation	294	196
Other non-cash items		50
Change in operating assets and liabilities:
Inventories	-48,447	-66,098
Prepaid and other current assets	-1,336	-5,438
Accounts payable	43,146	23,989
Accrued liabilities	2,158	6,057
Deferred rent	-15	-129
Income taxes payable	-75	33
Net cash used in operating activities	-13,211	-45,128
Net cash flows from investing activities:
Proceeds from sale of assets	26
Capital expenditures	-3,198	-3,614
Net cash used in investing activities	-3,172	-3,614
Net cash flows from financing activities:
Repayments under revolving credit facility		-35,515
Proceeds under revolving credit facility		48,015
Change in cash overdraft		5,381
Excess tax benefit related to exercise of stock options		-275
Purchase of treasury stock	-24	-42
Proceeds from the exercise of employee stock options	836	1,439
Net cash provided by financing activities	812	19,003
Net decrease in cash and cash equivalents	-15,571	-29,739
Cash and cash equivalents, beginning of period	28,896	39,740
Cash and cash equivalents, end of period	$13,325	$10,001

Basis_of_presentation

Basis of presentation	3 Months Ended
	Sep. 30, 2013
Basis of presentation
Basis of presentation	1.              Basis of presentation —
	The unaudited interim consolidated financial statements included herein have been prepared by us pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. These financial statements include all adjustments, consisting only of those of a normal recurring nature, which, in the opinion of management, are necessary to present fairly the results of the interim periods presented and should be read in conjunction with the consolidated financial statements and notes thereto in our Annual Report on Form 10-K for the fiscal year ended June 30, 2013. The balance sheet at June 30, 2013 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by GAAP for complete financial statements.  For further information, refer to the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2013. The results of operations for the three months ended September 30, 2013 are not necessarily indicative of the results to be expected for the full fiscal year ending June 30, 2014.
	The preparation of unaudited interim consolidated financial statements, in conformity with GAAP, requires us to make assumptions and use estimates that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  The most significant estimates relate to: inventory valuation under the retail method; estimation of reserves and valuation allowances specifically related to insurance, income taxes, and litigation.  Actual results could differ from these estimates.  Our fiscal year ends on June 30 and we operate our business as a single operating segment.

Sharebased_incentive_plans

Share-based incentive plans	3 Months Ended
	Sep. 30, 2013
Share-based incentive plans
Share-based incentive plans	2.              Share-based incentive plans
	Stock Option Awards.  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 (the "2008 Plan"), which allow for the granting of stock options to directors, officers and key employees of, and certain other key individuals who perform services for us and our subsidiaries. The 1997 Plan authorized grants of options to purchase up to 4.8 million shares of authorized, but unissued common stock. Equity awards may no longer be granted under the 1997 Plan but options previously granted under the plan are still exercisable. The 2004 Plan and the 2008 Plan authorize grants of options to purchase up to 2.0 million and 5.4 million shares, respectively, of authorized, but unissued common stock.
	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. No options with performance conditions were outstanding as of September 30, 2013. The exercise prices of stock options outstanding on September 30, 2013, range between $1.24 per share and $35.23 per share. There were 390,831 and 2.3 million shares available for grant under the 2004 Plan and the 2008 Plan at September 30, 2013, respectively.
	Restricted Stock Awards.  Under the terms of the 1997 Plan, the 2004 Plan, and the 2008 Plan, we may also grant restricted stock awards to directors, officers, key employees and certain other key individuals who perform services for us and our subsidiaries.  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.  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 September 30, 2013, there were 276,882 shares of restricted stock outstanding with award vesting periods of one to four years and a weighted average fair value of $8.79 per share.
	Performance Shares and Performance Units.   All outstanding performance shares were forfeited or vested during the fourth quarter of fiscal 2013, and as a result, there were no performance shares or performance units outstanding as of September 30, 2013.
	Share-based compensation costs were recognized as follows (in thousands):
		Three Months Ended September 30,
		2013		2012
	Amortization of share-based compensation during the period	$	303	$	190
	Amounts capitalized in ending inventory		-118		-100
	Amounts recognized and charged to cost of sales		109		106
	Amounts charged against income for the period before tax	$	294	$	196

Comprehensive_income_or_loss

Comprehensive income or loss	3 Months Ended
	Sep. 30, 2013
Comprehensive income or loss
Comprehensive income or loss	3.              Comprehensive income or loss —
	Comprehensive income or loss is defined as net income or loss plus the change in equity during a period from transactions and other events, excluding those resulting from investments by and distributions to stockholders.  We account for foreign currency forward contracts as cash flow hedges in accordance with ASC 815 (formerly SFAS No. 133), “Accounting for Derivative Instruments and Hedging Activities.”  Changes in the fair value of the contracts that are considered to be effective are recorded in other comprehensive income or loss until the hedged item is recorded in earnings.  Effective cash flow hedges are reclassified out of other comprehensive income or loss and into cost of sales when the hedged inventory is sold.  Ineffective 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 has historically been immaterial.  Comprehensive loss for the quarters ended September 30, 2013 and 2012 was $12.0 million and $6.9 million, respectively.

Commitments_and_contingencies

Commitments and contingencies	3 Months Ended
	Sep. 30, 2013
Commitments and contingencies
Commitments and contingencies	4.              Commitments and contingencies —
	On May 13, 2013, the Company was named as a defendant in the following lawsuit, Kathleen Mason v. Tuesday Morning Corporation d/b/a Delaware TMC Corporation, filed in County Court in Dallas County, Texas, cause number CC-13-02863-E (subsequently refiled and issued cause number CC-13-03372-E).    The plaintiff is the former President and Chief Executive Officer of the Company and her employment was terminated in June 2012.  In the petition, the plaintiff alleges disability discrimination, deliberate indifference and retaliation in violation of the Texas Commission on Human Rights Act.  Each claim stems from the plaintiff’s allegation that the Company regarded the plaintiff as having a disability (cancer) and fired her because of her disability.  The Plaintiff seeks more than $1 million in monetary relief, including claims for compensatory damages, attorneys’ fees, costs and interest.  The Company denies the allegations.  The Company filed a Special Exception and Answer to Plaintiff’s Original Petition on July 12, 2013.  Discovery is continuing in this case.  The Company believes this claim is without merit and intends to vigorously defend this matter.
	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 named plaintiffs, who are former employees of the Company, subsequently amended the complaint three times.  Narrowing their class allegations, the two named 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.  Discovery is continuing and trial has been set for May 2014.  The Company believes the claims are without merit and will continue to vigorously defend against them.

Loss_per_common_share

Loss per common share	3 Months Ended
	Sep. 30, 2013
Loss per common share
Loss per common share	5.              Loss per common share -
	The following table sets forth the computation of basic and diluted (loss) per common share (in thousands, except per share amounts):
		Three Months Ended September 30,
		2013		2012
	Net loss	$	-12,009		$	-6,961
	Less: Income to participating securities		—			—
	Net loss attributable to common shares	$	-12,009		$	-6,961
	Weighted average number of common shares outstanding - basic		42,618			41,764
	Effect of dilutive stock equivalents		—			—
	Weighted average number of common shares outstanding - dilutive		42,618			41,764
	Net loss per common share - basic	$	-0.28		$	-0.17
	Net loss per common share - diluted	$	-0.28		$	-0.17
	Options representing rights to purchase 649,678 shares and 948,065 shares of common stock at September 30, 2013 and September 30, 2012, respectively, were not included in the diluted loss per share calculation because the assumed exercise of such options would have been anti-dilutive.

Revolving_credit_facility

Revolving credit facility	3 Months Ended
	Sep. 30, 2013
Revolving credit facility
Revolving credit facility	6.              Revolving credit facility —
	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. 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 secured 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 the restricted payment and must satisfy a fixed charge coverage ratio requirement.  As of September 30, 2013, we were in compliance with all required covenants.
	At September 30, 2013, we had no amounts outstanding under the Revolving Credit Facility, $6.9 million of outstanding letters of credit and availability of $144.5 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 $0.4 million for the quarter ended September 30, 2013 was due to commitment fees of $0.2 million and the amortization of financing fees of $0.2 million.

Depreciation

Depreciation	3 Months Ended
	Sep. 30, 2013
Depreciation
Depreciation	7.             Depreciation —
	Accumulated depreciation of owned equipment and property at September 30, 2013 and June 30, 2013 was $114.5 million and $112.2 million, respectively.

Income_Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2013
Income taxes
Income taxes	8.              Income taxes —
	Tuesday Morning Corporation or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. With a few exceptions, Tuesday Morning Corporation 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 all taxable years ended on or before June 30, 2010.  The effective tax rates for the quarters ended September 30, 2013 and September 30, 2012 were 5.9% and 38.1%, respectively.  The effective tax rate was lower in the three months ended September 30, 2013 as compared to the three months ended September 30, 2012 due to the establishment of a deferred tax asset valuation allowance beginning in the second quarter of the fiscal year ended June 30, 2013.

Cash_and_cash_equivalents

Cash and cash equivalents	3 Months Ended
	Sep. 30, 2013
Cash and Cash Equivalents
Cash and Cash Equivalents	9.              Cash and cash equivalents —
	Cash and cash equivalents are comprised of cash, 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 September 30, 2013 and at June 30, 2013, credit card receivables from third party consumer credit card providers were $4.6 million and $7.4 million, respectively.

Recent_accounting_pronouncemen

Recent accounting pronouncements	3 Months Ended
	Sep. 30, 2013
Recent Accounting Pronouncements
Recent Accounting Pronouncements	10.              Recent accounting pronouncements —
	There were no recently issued accounting pronouncements during the first quarter of fiscal 2014 that affected the Company.

Sharebased_incentive_plans_Tab

Share-based incentive plans (Tables)	3 Months Ended
	Sep. 30, 2013
Share-based incentive plans
Schedule of share-based compensation costs recognized		Three Months Ended September 30,
		2013		2012
	Amortization of share-based compensation during the period	$	303	$	190
	Amounts capitalized in ending inventory		-118		-100
	Amounts recognized and charged to cost of sales		109		106
	Amounts charged against income for the period before tax	$	294	$	196

Loss_per_common_share_Tables

Loss per common share (Tables)	3 Months Ended
	Sep. 30, 2013
Loss per common share
Schedule of computation of basic and diluted earnings per common share		Three Months Ended September 30,
		2013		2012
	Net loss	$	-12,009		$	-6,961
	Less: Income to participating securities		—			—
	Net loss attributable to common shares	$	-12,009		$	-6,961
	Weighted average number of common shares outstanding - basic		42,618			41,764
	Effect of dilutive stock equivalents		—			—
	Weighted average number of common shares outstanding - dilutive		42,618			41,764
	Net loss per common share - basic	$	-0.28		$	-0.17
	Net loss per common share - diluted	$	-0.28		$	-0.17

Sharebased_incentive_plans_Det

Share-based incentive plans (Details) (USD $)	3 Months Ended
	Sep. 30, 2013
SHARE-BASED INCENTIVE PLANS
Exercise price of stock options outstanding, low end of range (in dollars per share)	$1.24
Exercise price of stock option outstanding, high end of range (in dollars per share)	$35.23
Performance Shares
Additional disclosures
Awards outstanding	0
Performance Units
Additional disclosures
Awards outstanding	0
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
2004 Plan | Stock Option Awards
SHARE-BASED INCENTIVE PLANS
Number of shares authorized	2,000,000
Expiration period (in years)	10 years
Shares available for grant	390,831
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
2008 Plan | Stock Option Awards
SHARE-BASED INCENTIVE PLANS
Number of shares authorized	5,400,000
Expiration period (in years)	10 years
Shares available for grant	2,300,000
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
2004 and 2008 Plans | Restricted Stock Awards
Additional disclosures
Awards outstanding	276,882
Weighted average grant date fair value of awards granted (in dollars per share)	$8.79
2004 and 2008 Plans | Restricted Stock Awards | Minimum
SHARE-BASED INCENTIVE PLANS
Vesting period (in years)	1 year
2004 and 2008 Plans | Restricted Stock Awards | Maximum
SHARE-BASED INCENTIVE PLANS
Vesting period (in years)	4 years

Sharebased_incentive_plans_Det1

Share-based incentive plans (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Share-based incentive plans
Amortization of share-based compensation during the period	$303	$190
Amounts capitalized in ending inventory	-118	-100
Amounts recognized and charged to cost of sales	109	106
Amounts charged against income for the period before tax	$294	$196

Comprehensive_income_or_loss_D

Comprehensive income or loss (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Comprehensive income or loss
Comprehensive Loss	$12,009	$6,931

Commitments_and_contingencies_

Commitments and contingencies (Details)	3 Months Ended
	Sep. 30, 2013
Pending Litigation | Class Action
LEGAL PROCEEDINGS
Lawsuit filing date	5-Dec-08
Domicile of litigation	California Superior Court, Los Angeles County
Name of defendant	Tuesday Morning, Inc.
Name of plaintiff	Julia Randell, et. al.
Number of times for which complaint was amended	3
Number of individual plaintiffs	2
Actions taken by plaintiffs	the two named 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	Discovery is continuing and trial has been set for May 2014
Opinion of counsel	The Company believes the claims are without merit and will continue to vigorously defend against them
Threatened Litigation | Discrimination
LEGAL PROCEEDINGS
Lawsuit filing date	13-May-13
Domicile of litigation	County Court in Dallas County, Texas
Name of defendant	Tuesday Morning Corporation d/b/a Delaware TMC Corporation
Name of plaintiff	Kathleen Mason
Allegations	disability discrimination, deliberate indifference and retaliation
Law affected	Human Rights Act
Damages sought	The Plaintiff seeks more than $1 million in monetary relief, including claims for compensatory damages, attorneys' fees, costs and interest
Actions taken by defendant	The Company filed a Special Exception and Answer to Plaintiff's Original Petition on July 12, 2013
Current state of litigation	Discovery is continuing in this case
Opinion of counsel	The Company believes this claim is without merit and intends to vigorously defend this matter

Loss_per_common_share_Details

Loss per common share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Loss per common share
Net loss	($12,009)	($6,961)
Net (loss) income attributable to common shares	($12,009)	($6,961)
Weighted average common shares outstanding - basic	42,618,000	41,764,000
Weighted average common shares outstanding - dilutive	42,618,000	41,764,000
Net (loss) income per common share - basic (in dollars per share)	($0.28)	($0.17)
Net (loss) income per common share - diluted (in dollars per share)	($0.28)	($0.17)
Number of options representing rights to purchase shares of common stock excluded as that would have been antidilutive (in shares)	649,678	948,065

Revolving_credit_facility_Deta

Revolving credit facility (Details) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
DEBT
Interest expense	$375,000	$422,000
Amortization of financing fees	148,000	151,000
Revolving Credit Facility
DEBT
Term of credit facility (in years)	5 years
Maximum borrowing capacity	180,000,000
Outstanding letters of credit	6,900,000
Availability to be maintained under credit facility, percentage	10.00%
Availability under the credit facility	144,500,000
Availability to be maintained under credit facility before restriction on investments, percentage	17.50%
Covenant terms	three months prior to and on a pro forma basis for the six months immediately following
Interest expense	400,000
Commitment fees	200,000
Amortization of financing fees	200,000
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%

Depreciation_Details

Depreciation (Details) (USD $)	Sep. 30, 2013	Jun. 30, 2013
In Millions, unless otherwise specified
Depreciation
Accumulated depreciation	$114.50	$112.20

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Income taxes
Tax rate (as a percent)	5.90%	38.10%
Number of subsidiaries filing income tax returns in the U.S. federal jurisdiction, and various state jurisdictions	1

Cash_and_cash_equivalents_Deta

Cash and cash equivalents (Details) (USD $)	Sep. 30, 2013	Jun. 30, 2013
In Millions, unless otherwise specified
Cash and Cash Equivalents
Credit card receivables from third party consumer credit card providers	$4.60	$7.40