Note 10 - Litigation
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9 Months Ended |
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Mar. 31, 2012
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Legal Matters and Contingencies [Text Block] |
(10) 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, 2012 and
June 30, 2011, 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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