Management representation

6 Months Ended

Dec. 31, 2012

Management representation [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Management representation

In the opinion of the management of the Company, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position as of December 31, 2012, the results of operations for the six months ended December 31, 2012 and 2011 and cash flows for the six months then ended. These financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s 2012 Annual Report on Form 10-K. Interim period results are not necessarily indicative of the results to be expected for the full fiscal year. The Company incorrectly presented the acquisition of a noncontrolling interest in the investing activities section of the Consolidated Statement of Cash Flows for the six months ended December 31, 2011. Such amount has been corrected through reclassification to the financing section in the Consolidated Statement of Cash Flows for the six months ended December 31, 2011.

The Company has evaluated subsequent events that have occurred through the date these financial statements were issued. On January 24, 2013, the Board of Directors approved an increase in the overall maximum number of shares authorized for repurchase under the share repurchase program described in Note 5 so that, beginning on such date, the aggregate number of shares authorized for repurchase was 15 million shares. Such authorization is limited, in any single fiscal year, to the greater of 7.5 million shares or five percent of the shares outstanding as of the end of the prior fiscal year. There is no expiration date for this program. No subsequent events have occurred that required adjustment to these financial statements.