XML 56 R11.htm IDEA: XBRL DOCUMENT

Investment

9 Months Ended

Mar. 31, 2013

Note 4.

Investment

The Company has an equity investment in Guangdong Fuxin Electronic Technology (“Fuxin”) based in Guangdong Province, China of 20.2%, which is accounted for under the equity method of accounting. The total carrying value of this investment recorded at March 31, 2013 and June 30, 2012 was $11.0 million and $10.7 million, respectively. During the three and nine months ended March 31, 2013, the Company’s pro-rata share of earnings from this investment was $0.2 million and $0.8 million, respectively, and was $0.2 million and $0.9 million, respectively, for the three and nine months ended March 31, 2012 and were recorded in other expense (income), net in the Condensed Consolidated Statements of Earnings for all periods. During each of the nine months ended March 31, 2013 and 2012, the Company recorded dividends from this investment of $0.5 million.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References+ Details