Commitments and Contingencies Commitments and Contingencies

12 Months Ended

Jun. 30, 2013

Committements and Contingencies [Abstract]

Commitments and Contingencies Disclosure [Text Block]

COMMITMENTS AND CONTINGENCIES

Legal Matters Various lawsuits arising during the normal course of business are pending against us. In our opinion, the ultimate liability, if any, resulting from these matters will have no significant effect on our consolidated financial positions or results of operations.

Lease Commitments We lease a wide variety of facilities and equipment under operating leases, primarily for warehouses, production and office facilities and equipment. Lease expense under these rentals amounted to $30.8 million, $29.1 million and $27.1 million in 2013, 2012 and 2011, respectively. Future minimum lease payments for non-cancelable operating leases are $20.3 million, $13.6 million, $9.8 million, $5.0 million and $2.2 million for the years 2014 through 2018 and $24.6 million thereafter.

Purchase Commitments We have purchase commitments for materials, supplies and machinery and equipment as part of the ordinary conduct of business. A few of these commitments extend beyond one year and are based on minimum purchase requirements. We believe these commitments are not at prices in excess of current market.

Other Contractual Obligations We do not have material financial guarantees or other contractual commitments that are reasonably likely to adversely affect our liquidity.

Related Party Transactions Sales to affiliated companies were immaterial in 2013, 2012 and 2011. We do not have any other related party transactions that affect our operations, results of operations, cash flow or financial condition