XML 51 R47.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 17. Employee Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2014
Note 17. Employee Benefit Plans (Tables) [Line Items]  
Schedule of Fair Value of Plan Assets [Table Text Block]
 

June 30, 2014

   
 

Total

 

Level 1

 

Level 2

 

Level 3

                       

Cash and cash equivalents

$

         3,078

 

$

              287

 

$

         2,791

 

$

               -

Common and preferred stocks

 

     107,498

   

         16,754

   

       90,744

   

               -

U.S. Government securities

 

       13,334

   

                 -

   

       13,334

   

               -

Corporate bonds and other fixed income securities

 

     118,131

   

           7,297

   

     110,834

   

               -

Other

 

       11,488

   

                 -

   

       11,488

   

               -

 

$

     253,529

 

$

         24,338

 

$

     229,191

 

$

               -

 

June 30, 2013

 

Total

 

Level 1

 

Level 2

 

Level 3

                       

Cash and cash equivalents

$

            726

 

$

              439

 

$

            287

 

$

               -

Common and preferred stocks

 

     107,130

   

         18,824

   

       88,306

   

               -

U.S. Government securities

 

       13,018

   

                 -

   

       13,018

   

               -

Corporate bonds and other fixed income securities

 

     101,990

   

              775

   

     101,215

   

               -

Other

 

         8,196

   

                 -

   

         8,196

   

               -

 

$

     231,060

 

$

         20,038

 

$

     211,022

 

$

               -

Schedule of Allocation of Plan Assets [Table Text Block]
   

U.S. Plans

   

Foreign Plans

 
   

Year Ended June 30,

   

Year Ended June 30,

 
   

2014

   

2013

   

2014

   

2013

 

Asset Category

                               

Equity securities

    32 %     38 %     26 %     35 %

Debt securities

    28 %     25 %     73 %     64 %

Global balanced securities

    28 %     27 %     -       -  

Other

    12 %     10 %     1 %     1 %

Total

    100 %     100 %     100 %     100 %
Schedule of Assumptions Used [Table Text Block]

Year Ended June 30

 

2014

   

2013

   

2012

 

Plan assumptions - obligation Discount rate

    2.90 - 4.50 %     3.50 - 5.10 %     4.00 - 4.60 %

Rate of compensation increase

    3.80 %     3.50 - 3.90 %     3.40 - 3.50 %
                         

Plan assumptions - cost Discount rate

    3.50 - 5.10 %     4.00 - 4.60 %     5.50 - 6.00 %

Expected return on assets

    4.60 - 7.25 %     4.80 - 7.80 %     5.40 - 8.10 %

Rate of compensation increase

    3.90 %     3.40 - 3.50 %     3.50 - 4.00 %
Schedule of Multiemployer Plans [Table Text Block]
         

Pension Protection Act Zone Status

     

Contributions

       

Pension Fund

 

EIN/Plan Number

 

2014

 

2013

 

FIP/RP Status

 

2014

   

2013

   

2012

 

Surcharge Imposed?

 

Expiration Date of Collective Bargaining Agreement

                                                 

New England Teamsters and Trucking Industry Pension Fund

    04-6372430-001  

Red

 

Red

 

Yes/ Implemented

  $ 541     $ 427     $ 367  

No

 

4/15/2015

                                                 

IAM National Pension Fund, National Pension Plan

    51-6031295-002  

Green

 

Green

 

No

    659       623       584  

No

 

5/31/2015 - 10/14/16

                      $ 1,200     $ 1,050     $ 951        
Target [Member]
 
Note 17. Employee Benefit Plans (Tables) [Line Items]  
Schedule of Allocation of Plan Assets [Table Text Block]
 

2014

Asset Category – Target

U.S.

 

U.K.

Equity securities

32%

 

25%

Debt and market neutral securities

33%

 

75%

Global balanced securities

25%

 

0%

Other

10%

 

0%

Total

100%

 

100%

       
Pension Plan [Member]
 
Note 17. Employee Benefit Plans (Tables) [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]

Components of Net Periodic Benefit Cost

 

Pension Benefits

 
   

U.S. Plans

   

Foreign Plans

 
   

Year Ended June 30,

   

Year Ended June 30,

 
   

2014

   

2013

   

2012

   

2014

   

2013

   

2012

 

Service Cost

  $ 233     $ 702     $ 447     $ 46     $ 40     $ 34  

Interest Cost

    11,241       10,941       11,975       1,723       1,667       1,758  

Expected return on plan assets

    (13,513 )     (14,790 )     (15,333 )     (1,532 )     (1,339 )     (1,527 )

Recognized net actuarial loss

    3,941       7,577       4,814       819       901       527  

Amortization of prior service cost (benefit)

    57       98       111       (60 )     (57 )     (59 )

Amortization of transition obligation (asset)

    -       2       2       -       -       -  

Curtailment

    -       52       -       -       -       -  

Net periodic benefit cost (benefit)

  $ 1,959     $ 4,582     $ 2,016     $ 996     $ 1,212     $ 733  
Schedule of Net Funded Status [Table Text Block]
   

U.S. Plans

   

Foreign Plans

 
   

Year Ended June 30,

   

Year Ended June 30,

 
   

2014

   

2013

   

2014

   

2013

 

Change in benefit obligation

                               

Benefit obligation at beginning of year

  $ 227,874     $ 245,212     $ 37,897     $ 37,527  

Service cost

    233       702       46       40  

Interest cost

    11,241       10,941       1,723       1,667  

Actuarial loss (gain)

    16,317       (12,366 )     2,161       705  

Benefits paid

    (15,239 )     (14,776 )     (1,662 )     (1,361 )

Curtailment

    -       (1,839 )     -       -  

Foreign currency exchange rate

    -       -       4,113       (681 )

Projected benefit obligation at end of year

  $ 240,426     $ 227,874     $ 44,278     $ 37,897  
                                 

Change in plan assets

                               

Fair value of plan assets at beginning of year

  $ 200,174     $ 198,718     $ 30,889     $ 29,138  

Actual return on plan assets

    30,956       12,825       3,034       2,805  

Employer contribution

    152       3,407       1,375       1,171  

Benefits paid

    (15,239 )     (14,776 )     (1,662 )     (1,361 )

Foreign currency exchange rate

    -       -       3,851       (864 )

Fair value of plan assets at end of year

  $ 216,043     $ 200,174     $ 37,487     $ 30,889  
                                 

Funded Status

  $ (24,383 )   $ (27,700 )   $ (6,791 )   $ (7,008 )
                                 

Amounts recognized in the consolidated balance sheets consist of:

                               

Prepaid Benefit Cost

  $ -     $ -     $ 1,167     $ 99  

Current liabilities

    (199 )     (149 )     (327 )     (1,120 )

Non-current liabilities

    (24,184 )     (27,551 )     (7,631 )     (5,987 )

Net amount recognized

  $ (24,383 )   $ (27,700 )   $ (6,791 )   $ (7,008 )
                                 

Unrecognized net actuarial loss

    92,036       97,103       10,506       9,651  

Unrecognized prior service cost

    312       370       (220 )     (267 )

Accumulated other comprehensive income, pre-tax

  $ 92,348     $ 97,473     $ 10,286     $ 9,384  
Other Postretirement Benefit Plan [Member]
 
Note 17. Employee Benefit Plans (Tables) [Line Items]  
Schedule of Net Benefit Costs [Table Text Block]
   

Year Ended June 30,

 
   

2014

   

2013

   

2012

 

Service Cost

  $ -     $ 13     $ 19  

Interest Cost

    9       49       101  

Recognized net actuarial gain

    (7 )     (24 )     (55 )

Curtailment

    -       51       -  

Plan Settlement

    -       (2,329 )     -  

Amortization of transition obligation

    -       112       223  

Net periodic benefit cost

  $ 2     $ (2,128 )   $ 288