Employee Retirement Plans

12 Months Ended

Jun. 30, 2011

Employee Retirement Plans

Employee Retirement Plans

(14) Employee Retirement Plans

We contribute to a number of employee retirement plans for the benefit of its employees. Details of the main plans are as follows:

(1) Australia - We contribute to defined contribution plans for each employee resident in Australia. All Australian employees, after serving a qualifying period, are entitled to benefits on retirement, disability or death. Employees may contribute additional funds to the plans. We contribute to the plans at the rate of 9% of the salaries of all Australian employees. Our total contributions to the plans for the years ended June 30, 2011, 2010 and 2009, were $8,255,233, $6,508,230 and $4,186,000, respectively.

(2) United Kingdom - We contribute to a defined contribution plan for each permanent United Kingdom employee. All employees, after serving a three-month qualifying period, are entitled to benefit on retirement, disability or death. Employees may contribute additional funds to the plan. We contribute to the plan at the rate of 5% of the salaries of all United Kingdom employees. Our total contributions to the plan were $266,579, $210,351 and $164,000 in fiscal 2011, 2010 and 2009, respectively.

(3) United States - We sponsor a defined contribution plan available to substantially all domestic employees. Company contributions to this plan are based on a percentage of employee contributions to a maximum of 4% of the employee's salary. Our total contributions to the plan were $2,203,265, $1,969,176 and $1,756,000 in fiscal 2011, 2010 and 2009, respectively.

(4) Switzerland - We sponsor a fixed return defined contribution fund for each permanent Swiss employee. As part of our contribution to the fund, we guarantee a fixed 2% net return on accumulated contributions per annum. We contribute to the plan at variable rates that have averaged 8% of salaries over the last three years. Our total contributions to the plan were $349,692, $311,252 and $375,000 in fiscal 2011, 2010 and 2009, respectively.