Foreign Currency Translation

6 Months Ended

Dec. 31, 2011

Foreign Currency Translation [Abstract]

Foreign Currency Disclosure [Text Block]

Foreign Currency Translation

The Company has determined that the local currency is the functional currency for its foreign subsidiaries. The Company’s foreign subsidiaries’ balance sheet accounts are translated at current period ending exchange rates and statements of operations are translated at the average rate for the period. Translation gains and losses are recorded as a separate component of accumulated other comprehensive income (loss) in stockholders’ equity. Foreign currency transaction gains (losses) were $(121,000) and $70,000 for the three months ended December 31, 2011 and December 25, 2010, respectively. Foreign currency transaction losses were $221,000 and $300,000 for the six months ended December 31, 2011 and December 25, 2010, respectively.

The foreign currency transaction losses recorded in the three months ended December 31, 2011 were mainly generated from realized losses related to non-permanent intercompany debt. The foreign currency transaction losses recorded in the six months ended December 31, 2011 were mainly generated from unrealized losses related to the revaluation of payables held in U.S. dollars and payable in yen and realized losses related to non-permanent intercompany debt denominated in euros.

The foreign currency transactions gains recorded in the three months ended December 25, 2010 were mainly generated from realized and unrealized gains related to the non-permanent intercompany debt and the strengthening dollar against the euro. The foreign currency transaction losses recorded in the six months ended December 25, 2010 were primarily due to payables due in yen which strengthened against the U.S. dollar during the quarter and the realized and unrealized losses related to non-permanent intercompany debt.