Shareholders' Equity

12 Months Ended

Jun. 30, 2012

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDERS’ EQUITY

Treasury Shares

At June 30, 2012, 596 shares of the Company’s common stock held as treasury shares were restricted as collateral under escrow arrangements relating to change in control and director and officer indemnification agreements.

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) is comprised of the following:

June 30,	2012			2011
Postemployment liability, net of income taxes of $(3,899) and $(6,990)	$	(6,229	)	$	(11,212	)
Foreign currency translation	1,718			16,189
Unrealized gains on investment securities available for sale, net of income taxes of $(32) and $48	(58		)	82
Total accumulated other comprehensive income (loss)	$	(4,569	)	$	5,059

Other Comprehensive Income (Loss)

Details of other comprehensive income (loss) are as follows:

Year Ended June 30,	2012									2011									2010
	Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount			Tax Expense (Benefit)			Net Amount
Foreign currency translation adjustments	$	(14,471	)	$	—		$	(14,471	)	$	10,011		$	(264	)	$	10,275		$	2,950		$	(32	)	$	2,982
Postemployment benefits:
Actuarial loss on remeasurement	(5,028		)	(1,954		)	(3,074		)	(930		)	(435		)	(495		)	(3,860		)	(1,467		)	(2,393		)
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	1,123			432			691			2,214			850			1,364			1,781			677			1,104
Impact of reduction in postemployment benefit liability (as forecasted salary increases will not be realized) due to a plan curtailment	8,860			3,411			5,449			—			—			—			—			—			—
Reclassification of prior service cost into SD&A expense upon plan curtailment	3,117			1,200			1,917			—			—			—			—			—			—
Unrealized loss on investment securities available for sale	(220		)	(80		)	(140		)	(84		)	(31		)	(53		)	(46		)	(19		)	(27		)
Unrealized loss on cash flow hedges	—			—			—			(266		)	(82		)	(184		)	(1,103		)	(365		)	(738		)
Reclassification of interest from cash flow hedge into interest expense	—			—			—			316			116			200			1,408			535			873
Other comprehensive income (loss)	$	(6,619	)	$	3,009		$	(9,628	)	$	11,261		$	154		$	11,107		$	1,130		$	(671	)	$	1,801

Net Income Per Share

The following is a computation of basic and diluted earnings per share:

Year Ended June 30,	2012		2011		2010
Net Income	$	108,779	$	96,759	$	65,903
Average Shares Outstanding:
Weighted-average common shares outstanding for basic computation	42,139		42,433		42,312
Dilutive effect of potential common shares	684		821		549
Weighted-average common shares outstanding for dilutive computation	42,823		43,254		42,861
Net Income Per Share — Basic	$	2.58	$	2.28	$	1.56
Net Income Per Share — Diluted	$	2.54	$	2.24	$	1.54

Stock appreciation rights and options relating to the acquisition of 140, 176 and 1,034 shares of common stock were outstanding at June 30, 2012, 2011 and 2010, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.