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Other Accrued Liabilities (Tables)
12 Months Ended
Jun. 30, 2014
Components of Other Accrued Liabilities

The components of other accrued liabilities were as follows:

 

June 30,

 

2014

 

 

2013

 

($000)

 

 

 

 

 

 

 

 

Acquisition holdbacks

 

$

10,000

 

 

$

-

 

Redeemable noncontrolling interest liability

 

 

-

 

 

 

8,568

 

Earnout arrangement

 

 

-

 

 

 

3,300

 

Warranty reserve

 

 

2,859

 

 

 

1,661

 

Other accrued liabilities

 

 

18,662

 

 

 

21,166

 

 

 

$

31,521

 

 

$

34,695

 

 

Changes in the Carrying Amount of Redeemable Noncontrolling Interest

Changes in the carrying amount of our redeemable noncontrolling interest were as follows:

 

Year Ended June 30,

 

2014

 

 

2013

 

 

2012

 

($000)

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Beginning of Year

 

$

-

 

 

$

5,160

 

 

$

1,828

 

Net earnings attributable to redeemable noncontrolling interest

 

 

-

 

 

 

1,118

 

 

 

969

 

Other changes

 

 

-

 

 

 

(585

)

 

 

(267

)

Redemption value adjustment to redeemable noncontrolling interest

 

 

-

 

 

 

2,875

 

 

 

2,630

 

Reclassification of redeemable noncontrolling interest to Other accrued liabilities

 

 

-

 

 

 

(8,568

)

 

 

-

 

Balance at End of Year

 

$

-

 

 

$

-

 

 

$

5,160

 

 

Change in Carrying Value of Company's Warranty Reserve

The following table summarizes the change in the carrying value of the company’s warranty reserve included in Other Accrued Liabilities as of and for the year ended June 30, 2014.

 

Year Ended June 30,

 

2014

 

($000)

 

 

 

 

Balance-Beginning of Year

 

$

1,661

 

Settlements during the period

 

 

(1,843

)

Additional warranty liability recorded

 

 

1,868

 

Warranty liability assumed through acquisitions

 

 

1,173

 

Balance-End of Year

 

$

2,859