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Note 10 - Foreign Currency Translation
9 Months Ended
Jun. 30, 2011
Foreign Currency Disclosure [Text Block]
 10.            FOREIGN CURRENCY TRANSLATION

The Company’s Hungarian subsidiary, Zoltek Zrt. has a functional currency of the HUF. As a result, the Company is exposed to foreign currency risks related to this investment. The consolidated balance sheet of Zoltek Zrt. was translated from Hungarian Forints to US dollars, at the exchange rate in effect at the applicable balance sheet date, while its consolidated statements of operations were translated using the average exchange rates in effect for the periods presented. The related translation adjustments are reported as other comprehensive income (loss) within shareholders’ equity. Gains and losses from foreign currency transactions of Zoltek Zrt. are included in the results of operations as other income (expense). The HUF strengthened by 9.8% against the US dollar during the first nine months of fiscal 2011. This currency fluctuation caused a decrease of $15.5 million in our accumulated other comprehensive loss for the nine months ended June 30, 2011. The functional currency of Zoltek de Mexico is the US dollar.