Note 19 - Employee Benefit Plans

12 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 19: EMPLOYEE BENEFIT PLANS

Defined Contribution Plans

We have defined contribution retirement plans covering certain U.S. employees.  We contribute 1% of the employee's gross compensation plus 0.5% for each year of service up to a maximum of 11% of the employee's gross compensation. We match employees’ voluntary contributions to their retirement accounts up to the lesser of $2,000 per year or 2% of their eligible gross earnings.  Effective July 1, 2013, the available matching contribution will increase to the lesser of $5,000 per year or 3% of eligible gross earnings. Contribution expense for the retirement plans for 2013, 2012, and 2011 was $8,418, $8,593, and $8,357, respectively.

Postretirement Healthcare Plans

We also provide medical, dental, and life insurance postretirement plans covering certain U.S. employees who meet specified age and service requirements. Certain employees who met specified age and service requirements on March 15, 1993, are covered by their previous employer and are not covered by these plans. Our current policy is to fund the cost of these benefits as payments to participants are required. We have established cost maximums to more effectively control future medical costs. Effective January 1, 2006, Medicare eligible retirees age 65 or older are no longer covered under the self-funded plan. Instead, they are provided a subsidy towards the purchase of supplemental insurance.

The components of net periodic benefit costs are as follows:

	Year Ended June 30
	2013			2012			2011
Service cost for benefits earned	$	608		$	465		$	469
Interest cost on benefit obligation		1,098			1,281			1,262
Amortization of prior service credit		(295	)		(515	)		(526	)
Amortization of actuarial loss		893			370			385
Total cost	$	2,304		$	1,601		$	1,590

The following table provides a reconciliation of the changes in the plans’ benefit obligations over the two-year period ending June 30, 2013, and a statement of the plans’ funded status as of June 30, 2013 and 2012. The amount included below entitled “other plans” represents benefit obligations for certain current and former employees of one of our German subsidiaries.

	June 30
	2013			2012
Change in benefit obligation:
Obligation at beginning of year	$	30,426		$	25,044
Service cost		608			465
Interest cost		1,098			1,281
Participant contributions		826			777
Actuarial loss (gain)		(962	)		5,753
Benefits paid		(2,861	)		(2,894	)
Obligation at end of year		29,135			30,426
Change in plan assets:
Fair value of plan assets at beginning of year		-			-
Employer contributions		2,035			2,117
Plan participant contributions		826			777
Benefits paid		(2,861	)		(2,894	)
Fair value of plan assets at end of year		-			-
Funded status at end of year		(29,135	)		(30,426	)
Other plans		(2,002	)		(1,861	)
Accrued postretirement benefit obligation		(31,137	)		(32,287	)
Less current portion included in accrued expenses		1,694			1,685
Noncurrent obligation recognized in the consolidated balance sheet	$	(29,443	)	$	(30,602	)

The accrued benefit obligation recorded on the consolidated balance sheet at June 30, 2013 and 2012, reflects the accumulated benefit obligation less any portion that is currently funded.  The accumulated actuarial loss and prior service cost that had not yet been reflected in the net periodic benefit costs were included in accumulated other comprehensive income (loss) at June 30 as follows:

	June 30
	2013			2012
Prior service credit	$	(60	)	$	235
Accumulated actuarial loss		(10,092	)		(11,946	)
Accumulated other comprehensive income (loss)		(10,152	)		(11,711	)
Tax effect		3,756			4,333
Accumulated other comprehensive income (loss), net of tax	$	(6,396	)	$	(7,378	)

The prior service credit and accumulated actuarial loss included in other comprehensive income (loss) and expected to be recognized in net periodic benefit cost during 2014 is $13 ($8 net of tax) and $688 ($433 net of tax), respectively.

Our estimated future annual cash outflows for benefit payments are as follows: 2014 - $1,694; 2015 - $1,794; 2016 - $1,805; 2017 - $1,885; 2018 - $1,999; and 2019 to 2023 - $10,062. Expected employer contributions for fiscal year 2014 are approximately $1,694.

The discount rate used to determine benefit obligations was 4.30% and 3.64% at June 30, 2013 and 2012, respectively. We use currently available high quality long-term corporate bond indices to determine the appropriate discount rate. Due to the long-term nature of these indices, they have a similar maturity to our expected benefit payments.

The weighted average assumptions used to determine net periodic benefit cost were as follows:

	2013		2012		2011
Discount rate		3.64%		5.25%		5.20%
Measurement date		June 30, 2012		June 30, 2011		June 30, 2010