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ACQUISITION (Tables)
12 Months Ended
Jun. 30, 2012
Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

These adjustments are summarized in the table presented below.

 

($ in millions)
Purchase Price   $ 28.1  
Fair Value of Assets Acquired:        
Cash and cash equivalents     2.3  
Inventories     18.0  
Other current assets     4.5  
Fixed assets     16.3  
Intangible assets     17.1  
Total Assets Acquired   $ 58.2  
         
Fair Value of Liabilities Assumed:        
Trade payables   $ 9.6  
Short-term loans     4.0  
Deferred revenue     19.1  
Other current liabilities     2.1  
Total Liabilities Assumed   $ 34.8  
         
Goodwill (1)   $ 4.7  

 

(1) The goodwill of $4.7 million is non-deductible for tax purposes in the United States.

Schedule Of Fair Value For Amortizable and Indefinite-Lived Intangible Assets [Table Text Block]

The following table summarizes the preliminary fair value of amortizable and indefinite-lived intangible assets as of their respective acquisition dates:

 

Gufeng at July 2, 2010
($ in millions)   Fair Value     Estimated useful life
(in years)
 
Amortizable intangible assets:                
Customer relationships   $ 9.6       10  
Proprietary technologies     1.3       6  
Non-compete agreement     0.2       5  
                 
Indefinite-lived intangibles:                
Trademarks     6       N/A  
                 
Total intangible assets acquired   $ 17.1