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Note 15 - Comprehensive Income
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12 Months Ended |
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Jun. 30, 2012
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| Comprehensive Income (Loss) Note [Text Block] |
(15) Comprehensive
Income
Total
comprehensive income represents the sum of net income and
items of "other comprehensive income or loss" that are
reported directly in equity. Such items, which are
generally presented on a net-of-tax basis, may include
foreign currency translation adjustments, minimum pension
liability adjustments, fair value adjustments (i.e. gains
and losses) on certain derivative instruments, and
unrealized gains and losses on certain investments in debt
and equity securities. We have reported our total
comprehensive income in the Consolidated Statements of
Shareholders’ Equity.
Our
accumulated other comprehensive income, which is comprised
of losses on certain derivative instruments and accumulated
foreign currency translation adjustments, totaled $1.1
million at June 30, 2012 and $2.3 million at June 30, 2011.
Foreign currency translation adjustments are the result of
changes in foreign currency exchange rates related to our
operations in Canada and Mexico. 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.
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