XML 123 R41.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 10 - Income Taxes (Tables)
12 Months Ended
Jun. 30, 2014
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
   

2014

   

2013

   

2012

 

U.S. Operations

  $ 26,965     $ 35,805     $ 26,366  

Non-U.S. Operations

    40,838       23,493       35,229  

Total

  $ 67,803     $ 59,298     $ 61,595  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

2014

   

2013

   

2012

 

Current:

                       

Federal

  $ 9,653     $ 9,099     $ 5,176  

State

    415       1,382       403  

Non-U.S.

    11,329       7,179       7,778  

Total Current

    21,397       17,660       13,357  
                         

Deferred:

                       

Federal

  $ (2,017 )   $ (454 )   $ 2,109  

State

    (376 )     18       640  

Non-U.S.

    (950 )     (1,980 )     (407 )

Total Deferred

    (3,343 )     (2,416 )     2,342  

Total

  $ 18,054     $ 15,244     $ 15,699  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

2014

   

2013

   

2012

 

Provision at statutory tax rate

    35.0 %     35.0 %     35.0 %

State taxes

    0.0 %     1.5 %     1.1 %

Impact of Foreign Operations

    -5.6 %     -6.5 %     -6.3 %

Federal tax credits

    -0.7 %     -2.2 %     -0.7 %

Life Insurance Proceeds

    -1.7 %     0.0 %     0.0 %

Other

    -0.4 %     -2.1 %     -3.6 %
                         

Effective income tax provision

    26.6 %     25.7 %     25.5 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

2014

   

2013

 

Deferred tax liabilities:

               

Depreciation and amortization

  $ (20,934 )   $ (18,778 )

Total deferred tax liability

  $ (20,934 )   $ (18,778 )
                 

Deferred tax assets:

               

Accrued compensation

  $ 4,463     $ 3,464  

Accrued expenses and reserves

    3,040       2,429  

Pension

    10,975       12,246  

Inventory

    1,549       1,588  

Other

    758       806  

Net operating loss and credit carry forwards

    3,685       3,164  

Total deferred tax asset

  $ 24,470     $ 23,697  
                 

Less: Valuation allowance

    (530 )     (520 )

Net deferred tax asset (liability)

  $ 3,006     $ 4,399  
Schedule of Provision for Income Taxes [Table Text Block]
   

2014

   

2013

   

2012

 

Continuing operations

  $ 18,054     $ 15,244     $ 15,699  

Discontinued operations

    (3,692 )     482       (9,109 )
    $ 14,362     $ 15,726     $ 6,590  
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
   

2014

   

2013

   

2012

 

Beginning Balance

  $ 1,286     $ 1,298     $ 2,146  

Additions based on tax positions related to the current year

    25       77       64  

Additions for tax positions of prior years

    -       19       394  

Reductions for tax positions of prior years

    (278 )     (108 )     (1,306 )

Ending Balance

  $ 1,033     $ 1,286     $ 1,298  
Summary of Income Tax Examinations [Table Text Block]

Country

 

Years Ending June 30,

 

United States

    2011 to 2014  

Canada

    2010 to 2014  

Germany

    2010 to 2014  

Ireland

    2011 to 2014  

Portugal

    2010 to 2014  

United Kingdom

    2013 to 2014