Note 11 - Comprehensive Income
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3 Months Ended |
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Sep. 30, 2012
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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 $1.3 million at September 30,
2012 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, and Honduras. 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
this fiscal quarter, the company reports comprehensive income
in a single continuous statement of comprehensive income. See
also Note 14, “Recently Issued Accounting
Pronouncements”.
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