Note 10 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Schedule of Components of Income Before Income Taxes [Table Text Block]

	2012			2011			2010
Domestic operations	$	(14,614	)	$	(413	)	$	(7,295	)
Foreign operations		14,725			13,652			(2,046	)
	$	111		$	13,239		$	(9,341	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2012			2011			2010
Current:
Federal	$	(392	)	$	12		$	-
Foreign		4,239			6,818			3,699
State		455			164			30
Deferred:
Federal		(5,195	)		(177	)		(815	)
Foreign		656			(331	)		(4,112	)
State		(540	)		(92	)		(122	)
	$	(777	)	$	6,394		$	(1,320	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2012			2011			2010
Expected tax expense (benefit)	$	38		$	4,501		$	(3,176	)
State taxes, net of federal effect		(170	)		(32	)		(255	)
Foreign taxes, net of federal credits		(751	)		(227	)		(76	)
Change in valuation allowance		(201	)		908			181
Return to provision and tax reserve adjustments (including Brazil tax settlement in fiscal 2010)		(286	)		246			759
Foreign losses not benefited		206			771			1,042
Other permanent items		387			227			205
Actual tax expense (benefit)	$	(777	)	$	6,394		$	(1,320	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2012			2011
Deferred assets (current):
Inventories	$	4,892		$	4,598
Employee benefits (other than pension)		1,336			548
Book reserves		1,757			954
Other		298			-
Valuation allowance		(663	)		-
Current deferred tax asset	$	7,620		$	6,100
Deferred assets (long-term):
Federal NOL, carried forward	$	5,706		$	7,438
State NOL, various carryforward periods		874			1,039
Foreign NOL, various carried forward periods		1,283			1,583
Foreign tax credit carryforward, expiring 2014 - 2015		1,028			1,117
Pension benefit		13,599			3,980
Retiree medical benefits		5,563			4,615
Intangibles		3,285			3,813
Other		401			651
Valuation allowance		(1,897	)		(2,829	)
Long-term deferred tax asset	$	29,842		$	21,407
Deferred liabilities (long-term):
Depreciation		(2,530	)		(2,806	)
Long-term deferred tax liabilities	$	(2,530	)	$	(2,806	)
Net deferred tax assets	$	34,932		$	24,701

	2012			2011
Long-term assets	$	29,842		$	21,407
Long-term liabilities		(2,530	)		(2,806	)
	$	27,312		$	18,601

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

Balance at June 27, 2009, as adjusted	$	(9,817	)
Increases for tax positions taken during the current period		(234	)
Effect of exchange rate changes		242
Balance at June 26, 2010		(9,809	)
Decreases for tax positions taken during a prior period		156
Increases for tax positions taken during the current period		(1,189	)
Effect of exchange rate changes		(285	)
Balance at June 30, 2011		(11,127	)
Increases for tax positions taken during a prior period		(32	)
Increases for tax positions taken during the current period		(955	)
Effect of exchange rate changes		473
Decrease relating to settlement		137
Decreases resulting from the expiration of the statute of limitations		914
Balance at June 30, 2012	$	(10,590	)