Shareholders' Equity

3 Months Ended

Sep. 30, 2011

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 11 – Shareholders' Equity

Preferred Stock

As of September 30, 2011 and June 30, 2011, we had no shares of preferred stock outstanding. We are authorized to issue 5 million shares of preferred stock, $0.01 par value.

Common Stock

We have 200 million authorized shares of common stock, $0.01 par value. At September 30, 2011 and June 30, 2011, we had 95,691,936 and 95,520,068 shares issued; 25,599,817 shares in treasury stock in each period, and 70,092,119 and 69,920,251 outstanding (net of treasury stock), respectively.

Changes in Equity:

The following is a summary of the changes in Accumulated Other Comprehensive Income ("AOCI") and changes in equity for the three months ended September 30, 2011 and 2010:

	Preferred Stock		Common Stock		Additional Paid-in Capital			AOCI			Retained Earnings			Treasury Stock			Total Equity
Balance at June 30, 2011	$	0	$	956	$	915,433		$	136,733		$	1,418,106		$	(1,047,570	)	$	1,423,658
Net income		0		0		0			0			48,367			0			48,367
Foreign currency translation		0		0		0			(84,142	)		0			0			(84,142	)
Unrealized gain on hedging derivatives		0		0		0			33,767			0			0			33,767
Pension liability adjustment		0		0		0			(250	)		0			0			(250	)
Unrealized loss on available-for-sale securities		0		0		0			(178	)		0			0			(178	)
Comprehensive loss																		(2,436	)
Exercise of stock options, net of shares received		0		1		(1,288	)		0			0			0			(1,287	)
Share-based compensation, net		0		0		2,525			0			0			0			2,525
Dividends ($0.30 per share)		0		0		0			0			(5,245	)		0			(5,245	)
Balance at September 30, 2011	$	0	$	957	$	916,670		$	85,930		$	1,461,228		$	(1,047,570	)	$	1,417,215

	Preferred Stock		Common Stock		Additional Paid-in Capital		AOCI			Retained Earnings		Treasury Stock			Total Equity
Balance at June 30, 2010	$	0	$	952	$	892,129	$	3,666		$	1,285,715	$	(1,047,570	)	$	1,134,892
Net income		0		0		0		0			27,388		0			27,388
Foreign currency translation		0		0		0		92,349			0		0			92,349
Unrealized loss on hedging derivatives		0		0		0		(40,622	)		0		0			(40,622	)
Pension liability adjustment		0		0		0		(355	)		0		0			(355	)
Unrealized gain on available-for-sale securities		0		0		0		1,974			0		0			1,974
Comprehensive income																80,734
Exercise of stock options, net of shares received		0		0		306		0			0		0			306
Share-based compensation, net		0		0		4,337		0			0		0			4,337
Balance at September 30, 2010	$	0	$	952	$	896,772	$	57,012		$	1,313,103	$	(1,047,570	)	$	1,220,269

At September 30, 2011 and June 30, 2011, AOCI consisted of the following:

Income/(Loss):	September 30, 2011			June 30, 2011
Cumulative translation adjustment	$	97,992		$	182,134
Pension liability adjustment		(18,553	)		(18,303	)
Unrealized gain (loss) on hedging derivatives		10,583			(23,184	)
Unrealized loss on available-for-sale securities		(4,092	)		(3,914	)
Total AOCI	$	85,930		$	136,733

We have approximately $1.7 million and $1.9 million of investments at September 30, 2011 and June 30, 2011, respectively, included in Other current assets in our Condensed Consolidated Balance Sheets that have been classified as available-for-sale securities. These securities are recorded at fair value with realized gains and losses recorded in income and unrealized gains and losses recorded in AOCI, net of taxes.