Income Taxes

3 Months Ended

Sep. 30, 2011

Income Taxes [Abstract]

Income Taxes

Note 14 – Income Taxes

The Company accounts for taxes under the provisions of ASC Subtopic 740, "Income Taxes." The amount of unrecognized tax benefits at September 30, 2011 was $105, of which $103 would impact the Company's tax rate, if recognized.

Interest and penalties are included in Interest expense and Other income/expense respectively on the Condensed Consolidated Statements of Operations. No material interest or penalty charges were recorded for the three months ended September 30, 2011.

Changes in the Company's uncertain tax positions for the three months ended September 30, 2011 were as follows:

Balance at June 30, 2011	$	104
Increases related to prior year tax positions		7
Reduction due to lapse in statute of limitations		(6	)
Balance at September 30, 2011	$	105

The Company and its subsidiaries file U.S. federal and various state income tax returns. The Company is no longer subject to U.S. federal income tax examination for years prior to fiscal 2008 due to the expiration of applicable statutes of limitation. The Company does not expect the total amount of unrecognized tax benefits to change significantly in the next 12 months.

For the period ended September 30, 2011, the Company's estimated effective tax rate was approximately 34%, which includes an estimate for the expiration of the December 2010 Congressional approval of an extension of the Research and Experimentation (R&E) Tax Credit on December 31, 2011. The Company anticipates its net effective tax rate for fiscal 2011 will be approximately 33% to 34%. In the course of estimating the Company's annual effective tax rate and recording its quarterly income tax provision, the Company considers many factors, including its expected earnings, state income tax apportionment, estimated research and experimentation tax credits and manufacturing deductions, non-taxable interest income and other estimates. Material changes in, or differences from, these estimates, including the extension of the R&E tax credit, could have a significant impact on the Company's effective tax rate.