Accounts payable was higher at June 30, 2012 by $17.0 million versus the same period last year due to the timing of inventory receipts at the end of the fiscal 2012 period compared to fiscal 2011. There were no significant changes to our vendor payment policy during fiscal 2012. At June 30, 2012, we had no borrowings outstanding under our revolving credit facility. Outstanding letters of credit, primarily for insurance programs, were $8.6 million at June 30, 2012 compared to $8.3 million at June 30, 2011. At June 30, 2012, we had a cash balance of $39.7 million and availability of $123.5 million under our revolving credit facility and we were in compliance with the terms of our revolving credit facility.Store Activity
Tuesday Morning Corporation Announces Fourth Quarter And Fiscal Year 2012 Results And Guidance For Fiscal Year 2013
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