Note 14 - Litigation
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12 Months Ended |
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Jun. 30, 2012
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Legal Matters and Contingencies [Text Block] |
(14) Litigation
Environmental
Matters
We
and our subsidiaries are subject to various environmental
laws and regulations. Under these laws, we and/or our
subsidiaries are, or may be, required to remove or mitigate
the effects on the environment of the disposal or release
of certain hazardous materials. In August 2010, the Company
resolved its obligations in the Carroll, NY case in which
it had been named as a potentially responsible party. As of
June 30, 2012, we believe that the company is adequately
reserved. We believe our currently anticipated capital
expenditures for environmental control facility matters are
not material.
We
are subject to other federal, state and local environmental
protection laws and regulations and are involved, from time
to time, in investigations and proceedings regarding
environmental matters. Such investigations and proceedings
typically concern air emissions, water discharges, and/or
management of solid and hazardous wastes. We believe that
our facilities are in material compliance with all
applicable environmental laws and regulations.
Federal
and state regulations provided the initiative for us to
reformulate certain furniture finishes or institute process
changes to reduce emissions of volatile organic compounds.
Compliance with many of these requirements has been
facilitated through the introduction of high solids coating
technology and alternative formulations. In addition, we
have instituted a variety of technical and procedural
controls, including reformulation of finishing materials to
reduce toxicity, implementation of high velocity low
pressure spray systems, development of storm water
protection plans and controls, and further development of
related inspection/audit teams, all of which have served to
reduce emissions per unit of production. We remain
committed to implementing new waste minimization programs
and/or enhancing existing programs with the objective of
(i) reducing the total volume of waste, (ii) limiting the
liability associated with waste disposal, and (iii)
continuously improving environmental and job safety
programs on the factory floor which serve to minimize
emissions and safety risks for employees. We will continue
to evaluate the most appropriate, cost effective, control
technologies for finishing operations and design production
methods to reduce the use of hazardous materials in the
manufacturing process.
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