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Investment

6 Months Ended

Dec. 31, 2014

Equity Method Investments And Joint Ventures [Abstract]

Note 4.

Investment

The Company has an equity investment of 20.2% in Guangdong Fuxin Electronic Technology (“Fuxin”) based in Guangdong Province, China, which is accounted for under the equity method of accounting. The total carrying value of the investment recorded at December 31, 2014 and June 30, 2014 was $12.1 million and $11.6 million, respectively. During the three months ended December 31, 2014 and 2013, the Company’s pro-rata share of earnings from this investment was $0.2 million and $0.1 million, respectively, and was $0.5 million and $0.4 million during the six months ended December 31, 2014 and 2013, respectively, and was recorded in Other expense (income), net in the Condensed Consolidated Statements of Earnings.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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