Note 8 - Litigation
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9 Months Ended |
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Mar. 31, 2013
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Legal Matters and Contingencies [Text Block] |
(8)
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. As of March 31, 2013 and June
30, 2012, we believe that the Company was 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 such
applicable laws and regulations.
Regulations
issued under the Clean Air Act Amendments of 1990 required
the industry 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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