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Foreign Operations
9 Months Ended
Mar. 31, 2015
Foreign Currency [Abstract]  
Foreign Operations

7. Foreign Operations

Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing on the balance sheet date, and revenues and expenses are translated at average rates of exchange for the nine month periods. Gains or losses on the translation of the financial statements of a non-U.S. operation, where the functional currency is other than the U.S. dollar, the Renminbi (“RMB”), are reflected as a separate component of equity. The foreign exchange translation adjustment reflects a net loss of approximately $1,700 for the nine months ended March 31, 2015 and a gain of approximately $9,300 for the nine months ended March 31, 2014. As of March 31, 2015, we had approximately $8.20 million in assets and $6.72 million in net assets located in China at LPOI’s Shanghai and LPOIZ’s Zhenjiang facilities. As of June 30, 2014, we had approximately $7.58 million in assets and $6.28 million in net assets located in China at LPOI’s Shanghai and LPOIZ’s Zhenjiang facilities.