Foreign Exchange Contracts

6 Months Ended

Dec. 31, 2011

Foreign Exchange Contracts [Abstract]

Foreign Exchange Contracts

7. Foreign Exchange Contracts

The Company may use, from time to time, a limited hedging program to minimize the impact of foreign currency fluctuations. These transactions have involved the use of forward contracts that typically mature within one year and were designed to hedge anticipated foreign currency transactions. The Company used forward exchange contracts in the past to hedge the net assets of certain of its foreign subsidiaries to offset the translation and economic exposures related to the Company's investment in these subsidiaries.

At December 31, 2011 and 2010 the Company had no forward exchange contracts outstanding.