Notes Payable and Lines of Credit

12 Months Ended

Jun. 30, 2011

Notes Payable and Lines of Credit [Abstract]

NOTES PAYABLE AND LINES OF CREDIT

NOTE 11 - NOTES PAYABLE AND LINES OF CREDIT

Notes payable to banks of $3.7 million and $19.5 million at June 30, 2011 and 2010, respectively, represents short-term borrowings under credit lines with commercial banks. These credit lines, translated into U.S. dollars at June 30, 2011 exchange rates, totaled $200.6 million at June 30, 2011, of which $196.9 million was unused. The weighted average interest rate for notes payable and lines of credit was 4.4 percent and 3.1 percent at June 30, 2011 and 2010, respectively.