Note 11 - Comprehensive Income
|
9 Months Ended |
---|---|
Mar. 31, 2013
|
|
Comprehensive Income (Loss) Note [Text Block] |
(11)
Comprehensive
Income
Our
accumulated other comprehensive income, which is comprised of
losses on certain derivative instruments, accumulated foreign
currency translation adjustments, and unrealized gain and
loss on investments, totaled $1.6 million at March 31, 2013
and $1.1 million at June 30, 2012. Foreign currency
translation adjustments are the result of changes in foreign
currency exchange rates related to our operations in Canada,
Mexico, Honduras and Belgium. Foreign currency translation
adjustments exclude income tax expense (benefit) given that
the earnings of non-U.S. subsidiaries are deemed to be
reinvested for an indefinite period of time. Beginning with
the first quarter of fiscal 2013, the company reports
comprehensive income in a single continuous statement of
comprehensive income. See also Note 14, “Recently
Issued Accounting Pronouncements”.
|