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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Net

      sales are derived from sales of the Company&amp;#8217;s products

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      recognized when there is persuasive evidence of an

      arrangement, delivery has occurred, the selling price is

      fixed or determinable, and collectability is reasonably

      assured which generally occurs when units are shipped.&lt;/font&gt;

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      are recognized under the percentage-of-completion method.

      Estimated manufacturing cost-at-completion for these

      contracts are reviewed on a routine periodic basis, and

      adjustments are made periodically to the estimated

      cost-at-completion, based on actual costs incurred, progress

      made, and estimates of the costs required to complete the

      contractual requirements. When the estimated manufacturing

      cost-at-completion exceeds the contract value, the contract

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      properly match net sales with costs, certain contracts may

      have revenue recognized in excess of billings (unbilled

      revenues), and other contracts may have billings in excess of

      net sales recognized (billings in excess of contract costs).

      Under long-term contracts, the prerequisites for billing the

      customer for periodic payments generally involve the

      Company&amp;#8217;s achievement of contractually specific,

      objective milestones (e.g., completion of design, testing, or

      other engineering phase, delivery of test data or other

      documentation, or delivery of an engineering model or flight

      hardware). The amount of unbilled accounts receivable at June

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      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;/font&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;and&lt;/font&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;2012&lt;/font&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;/font&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;is

      $4.1 million&lt;/font&gt; &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;/font&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;and

      $4.7 million&lt;/font&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;,

      respectively.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3226"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;An

      award or incentive fee is usually variable, based upon

      specific performance criteria stated in the contract. Award

      or incentive fees are recognized only upon achieving the

      contractual criteria and after the customer has approved or

      granted the award or incentive.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3228"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;The

      allowance for sales returns is the Company&amp;#8217;s best

      estimate of probable customer credits for returns of

      previously shipped products, and is based on historical rates

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      cash investments that are highly liquid in nature and have

      original maturities of three months or less at the date

      acquired.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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      or available-for-sale. Held to maturity securities are those

      debt securities for which the Company has the positive intent

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      sheet date.&lt;/font&gt;

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      adjusted for the amortization or accretion of premiums or

      discounts.&lt;/font&gt;

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      Company invests its excess cash principally in municipal

      bonds, commercial paper, corporate bonds and notes, and U.S.

      government agency securities.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for investments in debt and equity securities that have readily determinable fair values (marketable securities). At a minimum, the disclosure might address accounting policies for investments classified as trading, available for sale, or held to maturity and may include how the entity determines whether impairments of available for sale or held to maturity investments are other than temporary, how the fair values of the entity's securities are determined, and the entity's accounting treatment for transfers between investment categories.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3242"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Trade

      accounts receivable are recorded at the invoiced amount and

      do not bear interest. The allowance for doubtful accounts is

      the Company&amp;#8217;s best estimate of the amount of probable

      credit losses in the Company&amp;#8217;s existing accounts

      receivable. The Company reviews its allowance for doubtful

      accounts monthly by reviewing balances over 90 days for

      collectability. Account balances are charged off against the

      allowance after all means of collection have been exhausted

      and the potential for recovery is considered remote. The

      Company does not have any off-balance-sheet credit exposure

      related to its customers.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables.  If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

 -Publisher SEC

 -Name Regulation S-X (SX)

 -Number 210

 -Section 02

 -Paragraph 3, 4

 -Article 5



Reference 3: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 310

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</LabelSeparator><Level>2</Level><ElementName>us-gaap_InventoryPolicyTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="c2_From1Jul2012To30Jun2013" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3244"&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;i&gt;Inventories&lt;/i&gt;&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3246"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Inventories

      are stated at the lower of cost or market, cost being

      determined on a first-in, first-out basis. The Company

      records a provision for estimated obsolescence of inventory.

      Our estimates consider the cost of inventory, forecasted

      demand, the estimated market value, the shelf life of the

      inventory and our historical experience. Because of the

      subjective nature of this estimate, it is reasonably likely

      that circumstances may cause the estimate to change due to

      any of the factors described previously.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

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 -Topic 210

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 -Publisher FASB

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 -Publisher SEC

 -Name Financial Reporting Release (FRR)

 -Number 206

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 -Subparagraph i, ii

 -Chapter 2



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 -Name Accounting Standards Codification

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</LabelSeparator><Level>2</Level><ElementName>us-gaap_StandardProductWarrantyPolicy</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="c2_From1Jul2012To30Jun2013" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3248"&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;i&gt;Warranty&lt;/i&gt;&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3250"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;The

      Company provides warranty policies on its products. In

      addition, the Company incurs costs to service its products in

      connection with specific product performance issues.

      Liabilities for product warranties are based upon expected

      future product performance and durability, and are estimated

      largely based upon historical experience. Adjustments are

      made to accruals as claim data and historical experience

      warrant.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for standard warranties including the methodology for measuring the liability.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>2</Level><ElementName>us-gaap_PropertyPlantAndEquipmentPolicyTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="c2_From1Jul2012To30Jun2013" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3263"&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;i&gt;Property,

      Plant, and Equipment&lt;/i&gt;&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3266"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Property,

      plant, and equipment are stated at cost. Depreciation of land

      improvements and buildings is calculated by the straight-line

      method over an estimated service life of 25-30 years.

      Machinery and equipment, and furniture and fixtures are

      depreciated by the straight-line method based on estimated

      useful lives of 5 to 10 years. Leasehold improvements are

      depreciated over the remaining lives of the improvements or

      the lease term, whichever is shorter.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 360

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 210

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 -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682



Reference 4: http://www.xbrl.org/2003/role/presentationRef

 -Publisher SEC

 -Name Regulation S-X (SX)

 -Number 210

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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Property, Plant and Equipment, Policy [Policy Text Block]</Label></Row><Row FlagID="0"><Id>10</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>2</Level><ElementName>us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="c2_From1Jul2012To30Jun2013" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3268"&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;i&gt;Goodwill

      and Tradenames&lt;/i&gt;&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3270"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Goodwill

      represents the excess of purchase price over the fair value

      of the net tangible assets and identifiable intangible assets

      of businesses acquired. Tradenames represent the estimated

      fair value of corporate and product names acquired from

      acquisitions, which will be utilized by the Company in the

      future.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3272"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;Goodwill

      and tradenames are tested annually for impairment in the

      fourth quarter, using March 31 as the test date, of the

      Company&amp;#8217;s fiscal year, or more frequently if there is

      an indication of impairment, by comparing the fair value of

      the reporting unit with its carrying value. Valuation methods

      for determining the fair value of the reporting unit include

      reviewing quoted market prices and discounted cash flows. If

      the goodwill is indicated as being impaired, the fair value

      of the reporting unit is then allocated to its assets and

      liabilities in a manner similar to a purchase price

      allocation in order to determine the implied fair value of

      the reporting unit goodwill. This implied fair value of the

      reporting unit goodwill is then compared with the carrying

      amount of the reporting unit goodwill, and if it is less, the

      Company would then recognize an impairment loss. During 2013,

      2012&lt;/font&gt; &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;/font&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;and&lt;/font&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;2011&lt;/font&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;,

      the Company did not record any impairment on its goodwill or

      tradenames.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher FASB

 -Name Accounting Standards Codification

 -Topic 235

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      Assets&lt;/i&gt;&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3276"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;The

      Company accounts for impairment and disposal of long-lived

      assets, excluding goodwill and tradenames, in accordance with

      the accounting rules relating to the impairment or disposal

      of long-lived assets. The rules set forth criteria to

      determine when a long-lived asset is held for sale and held

      for use. Such criteria specify that the asset must be

      available for immediate sale in its present condition subject

      only to terms that are usual and customary for sales of such

      assets. In addition, the sale of the asset must be probable,

      and its transfer expected to qualify for recognition as a

      completed sale, generally within one year. The rules require

      recognition of an impairment loss if the carrying amount of a

      long-lived asset is not recoverable from its undiscounted

      cash flows. An impairment loss is measured as the difference

      between the carrying amount and fair value of the asset. The

      Company evaluates its long-lived assets if impairment

      indicators arise. During 2013, 2012&lt;/font&gt; &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;/font&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;and&lt;/font&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;2011&lt;/font&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;,

      the Company did not record any impairment on its long-lived

      assets.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy for recognizing and measuring the impairment of long-lived assets. An entity also may disclose its accounting policy for long-lived assets to be sold. This policy excludes goodwill and intangible assets.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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 -Name Accounting Standards Codification

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

 -Publisher SEC

 -Name Staff Accounting Bulletin (SAB)

 -Number Topic 5

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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      assets and liabilities at the date of the financial

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</LabelSeparator><Level>2</Level><ElementName>us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="c2_From1Jul2012To30Jun2013" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3427"&gt;&lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;&lt;i&gt;Recent

      Accounting Pronouncements&lt;/i&gt;&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3429"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;In

      February 2013, the Financial Accounting Standards Board

      (FASB) issued Accounting Standards Update (ASU) No. 2013-02,

      &lt;i&gt;Reporting of Amounts Reclassified Out of Accumulated Other

      Comprehensive Income&lt;/i&gt;, which adds new disclosure

      requirements for items reclassified out of accumulated other

      comprehensive income (AOCI). The ASU is intended to help

      entities improve the transparency of changes in other

      comprehensive income (OCI) and items reclassified out of AOCI

      in their consolidated financial statements. It does not amend

      any existing requirements for reporting net income or OCI in

      the consolidated financial statements. This ASU is effective

      for the Company beginning in fiscal year 2014. The Company

      does not believe that this update will have a material effect

      on the consolidated financial statements.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3431"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;In

      July 2012, the FASB issued ASU No. 2012-02, &lt;i&gt;Testing

      Indefinite-Lived Intangible Assets for Impairment&lt;/i&gt;, which

      amends the guidance in ASC 350, &lt;i&gt;Intangibles &amp;#8211;

      Goodwill and Other&lt;/i&gt;. Under the revised guidance, when

      testing indefinite-lived intangible assets for impairment the

      Company has the option of performing a qualitative assessment

      before calculating the fair value of the asset. If the

      Company determines, on the basis of qualitative factors, that

      the fair value of the asset is more likely than not less than

      the carrying amount, the two-step impairment test would be

      required. This ASU is effective for the Company beginning in

      fiscal year 2014. The Company does not believe that this

      update will have a material effect on the consolidated

      financial statements.&lt;br /&gt;

      &lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3433"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;In

      September 2011, the FASB issued ASU No. 2011-08, &lt;i&gt;Testing

      Goodwill for Impairment&lt;/i&gt;, which amends the guidance in ASC

      350, &lt;i&gt;Intangibles &amp;#8211; Goodwill and Other&lt;/i&gt;. Under the

      revised guidance, when testing goodwill for impairment the

      Company has the option of performing a qualitative assessment

      before calculating the fair value of a reporting unit. If the

      Company determines, on the basis of qualitative factors, that

      the fair value of the reporting unit is more likely than not

      less than the carrying amount, the two-step impairment test

      would be required. This ASU was effective for the Company

      beginning in fiscal year 2013. This update did not have a

      material effect on the consolidated financial

      statements.&lt;br /&gt;

      &lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p style="TEXT-ALIGN: left; LINE-HEIGHT: 1.25; MARGIN: 0pt" id="PARA3435"&gt;

      &lt;font style="FONT-FAMILY: Times New Roman, Times, serif; FONT-SIZE: 10pt"&gt;In

      June 2011, the FASB issued ASU No. 2011-05, &lt;i&gt;Presentation

      of Comprehensive Income&lt;/i&gt;. This ASU provides companies two

      choices for presenting net income and comprehensive income:

      in a single continuous statement, or in two separate, but

      consecutive, statements. Presenting comprehensive income in

      the statement of equity is no longer an option. ASU No.

      2011-05 was effective for the Company beginning in fiscal

      year 2013. In December 2011, the FASB issued ASU No. 2011-12,

      &lt;i&gt;Deferral of the Effective Date for Amendments to the

      Presentation of Reclassifications of Items Out of Accumulated

      Other Comprehensive Income in Accounting Standards Update No.

      2011-05&lt;/i&gt;, which delays the effective date of certain

      provisions of ASU No. 2011-05 related to the presentation of

      reclassification adjustments out of accumulated other

      comprehensive income. This update removed the presentation of

      other comprehensive income (loss) from the consolidated

      statements of stockholders&amp;#8217; equity and presented

      separate consolidated statements of comprehensive

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