XML 108 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 11 - Employee Benefit and Retirement Plans (Tables)
 12 Months Ended
Jun. 30, 2012
Schedule of Allocation of Plan Assets [Table Text Block]
   
2012
   
2011
 
Asset category:
           
Cash equivalent
   
0%
     
3%
 
Fixed income    
12%
     
6%
 
Equities
   
27%
     
41%
 
Mutual and pooled funds (balanced funds)    
60%
     
49%
 
Other
   
1%
     
1%
 
     
100%
     
100%
 
June 30, 2012
                             
Asset Category
 
Level 1
   
Level 2
   
Level 3
   
Total
   
%
 
Cash Equivalent
 
$
79
   
$
—
   
$
—
   
$
79
     
0%
 
Fixed Income
   
—
     
12,617
     
—
     
12,617
     
12%
 
Equities
   
25,212
     
3,379
     
—
     
28,591
     
27%
 
Mutual & Pooled Funds
   
34,627
     
30,462
     
—
     
65,089
     
60%
 
Other
   
—
     
992
     
—
     
992
     
1%
 
Total
 
$
59,918
   
$
47,450
   
$
—
   
$
107,368
     
100%
 
June 30, 2011
                             
Asset Category
 
Level 1
   
Level 2
   
Level 3
   
Total
   
%
 
Cash Equivalent
 
$
2,950
   
$
—
   
$
—
   
$
2,950
     
3%
 
Fixed Income
   
—
     
6,619
     
—
     
6,619
     
6%
 
Equities
   
41,657
     
2,542
     
—
     
44,199
     
41%
 
Mutual & Pooled Funds
   
23,821
     
29,758
     
—
     
53,579
     
49%
 
Other
   
—
     
1,200
     
—
     
1,200
     
1%
 
Total
 
$
68,428
   
$
40,119
   
$
—
   
$
108,547
     
100%
 
Schedule of Medical and Life Insurance Benefits [Table Text Block]
Postretirement Medical and Life Insurance Benefits:
   
2012
     
2011
     
2010
 
Change in benefit obligation:
                       
Benefit obligation at beginning of year
 
$
11,804
   
$
11,603
   
$
10,817
 
Service cost
   
386
     
353
     
287
 
Interest cost
   
611
     
591
     
646
 
Benefits paid
   
(552
)
   
(662
)
   
(977
)
Actuarial (gain) loss
   
1,981
     
(81
)
   
830
 
Benefit obligation at end of year
 
$
14,230
   
$
11,804
   
$
11,603
 
                         
Weighted average assumptions: benefit obligations
                       
Discount rate
   
3.92%
     
5.44%
     
5.37%
 
Rate of compensation increase
   
2.64%
     
2.64%
     
2.64%
 
                         
Change in plan assets
                       
Fair value of plan assets at beginning of year
 
$
-
   
$
-
   
$
-
 
Employer contributions
   
552
     
662
     
977
 
Benefits paid
   
(552
)
   
(662
)
   
(977
)
Fair value of plan assets at end of year
 
$
-
   
$
-
   
$
-
 
                         
Amounts recognized in balance sheet
                       
Current postretirement benefit obligation
 
$
(623
)
 
$
(657
)
 
$
(681
)
Non-current postretirement benefit obligation
   
(13,606
)
   
(11,147
)
   
(10,922
)
Net amount recognized in balance sheet
 
$
(14,230
)
 
$
(11,804
)
 
$
(11,603
)
                         
Weighted average assumptions – net periodic benefit cost
                       
Discount rate
   
5.44%
     
5.37%
     
6.50%
 
Rate of compensation increase
   
2.64%
     
2.64%
     
2.64%
 
                         
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss
                       
Prior service credit
  $
1,888
    $
2,793
    $
3,699
 
Accumulated loss
   
(3,400
)
   
(1,422
)
   
(1,511
)
Amounts not yet recognized as a component of net periodic benefit cost
   
(1,512
)
   
1,371
     
2,188
 
Net periodic benefit cost in excess of accumulated contributions
 
$
(12,718
)
 
$
(13,175
)
 
$
(13,791
)
Net amount recognized
 
$
(14,230
)
 
$
(11,804
)
 
$
(11,603
)
                         
Components of net periodic benefit cost
                       
Service cost
 
$
386
   
$
353
   
$
287
 
Interest cost
   
611
     
591
     
646
 
Amortization of prior service credit
   
(905
)
   
(905
)
   
(905
)
Amortization of accumulated loss
   
2
     
10
     
-
 
Net periodic benefit cost
 
$
94
   
$
49
   
$
28
 
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
                 
Prior service credit (cost)
  $ 905     $ 905     $ 905  
Net gain (loss)
    (158 )     (19 )     (28 )
    $ 747     $ 886     $ 877  
                         
                         
Healthcare cost trend rate assumed for next year
    8.80 %     9.70 %     7.66 %
Rate to which the cost trend rate gradually declines
    4.50 %     4.50 %     4.50 %
Year that the rate reaches the rate at which it is assumed to remain
    2027       2027       2027  
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]
   
1% Increase
 
   
2012
   
2011
   
2010
 
Effect on total of service and interest cost
 
$
111
   
$
104
   
$
105
 
Effect on postretirement benefit obligation
   
1,430
     
1,067
     
1,079
 
   
1% Decrease
 
     
2012
     
2011
     
2010
 
Effect on total of service and interest cost
 
$
(93
)
 
$
(87
)
 
$
(89
)
Effect on postretirement benefit obligation
   
(1,028
)
   
(915
)
   
(923
)
Schedule of Expected Benefit Payments [Table Text Block]
Fiscal Year
 
Pension
   
Other
Benefits
 
2013
 
$
6,121
   
$
623
 
2014
   
6,308
     
623
 
2015
   
6,487
     
676
 
2016
   
6,635
     
702
 
2017
   
6,841
     
750
 
2018-2022
   
36,689
     
4,955
 
US and UK Plans Combined [Member]
  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
   
2012
   
2011
   
2010
 
Change in benefit obligation
                 
Benefit obligation at beginning of year
  $ 119,892     $ 117,974     $ 96,167  
Service cost
    2,168       2,278       1,707  
Interest cost
    6,538       6,541       6,532  
Participant contributions
    249       202       231  
Exchange rate changes
    (852 )     2,683       (2,740 )
Benefits paid
    (5,803 )     (5,307 )     (5,349 )
Actuarial (gain) loss
    23,403       (4,480 )     21,426  
Benefit obligation at end of year
  $ 145,595     $ 119,891     $ 117,974  
                         
Change in plan assets
                       
Fair value of plan assets at beginning of year
  $ 108,547     $ 98,867     $ 90,864  
Actual return on plan assets
    3,770       12,271       14,628  
Employer contributions
    1,268       625       483  
Participant contributions
    249       202       231  
Benefits paid
    (5,803 )     (5,307 )     (5,349 )
Exchange rate changes
    (663 )     1,889       (1,990 )
Fair value of plan assets at end of year
  $ 107,368     $ 108,547     $ 98,867  
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
   
2012
   
2011
   
2010
 
Funded status at end of year
                 
Funded status
  $ (38,227 )   $ (11,344 )   $ (19,107 )
Net amount recognized
  $ (38,227 )   $ (11,344 )   $ (19,107 )
    2012     2011     2010  
Amounts recognized in balance sheet
                 
Current liability
 
$
(23
)
  $
(23
)
  $
(24
)
Noncurrent liability
   
(38,204
)
   
(11,321
)
   
(19,083
)
Net amount recognized in balance sheet
 
$
(38,227
)
 
$
(11,344
)
 
$
(19,107
)
                         
Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss
                       
Prior service cost
 
$
(349
)
 
$
(585
)
 
$
(834
)
Accumulated loss
   
(13,248
)
   
(2,450
)
   
(11,668
)
Amounts not yet recognized as a component of net periodic benefit cost
   
(13,597
)
   
(3,035
)
   
(12,502
)
Accumulated net periodic benefit cost in excess of contributions
 
$
(24,630
)
 
$
(8,309
)
 
$
(6,605
)
Net amount recognized
 
$
(38,227
)
 
$
(11,344
)
 
$
(19,107
)
                         
Components of net periodic benefit cost
                       
Service cost
 
$
2,168
   
$
2,278
   
$
1,707
 
Interest cost
   
6,538
     
6,541
     
6,532
 
Expected return on plan assets
   
(6,473
)
   
(7,305
)
   
(6,672
)
Amortization of prior service cost
   
234
     
249
     
381
 
Recognized actuarial (gain) loss
   
15,298
     
(2
)
   
9,370
 
Net periodic benefit cost
 
$
17,765
   
$
1,761
   
$
11,318
 
                         
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
   
 
                 
Prior service cost
 
$
(234
)
 
$
(234
)
 
$
-
 
                         
Information for pension plans with accumulated benefits in excess of plan assets
                       
Projected benefit obligation
 
$
145,595
     
119,891
     
117,974
 
Accumulated benefit obligation
   
138,587
     
115,306
     
113,511
 
Fair value of assets
   
107,368
     
108,547
     
98,867
 
US Plan [Member]
  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
   
2012
   
2011
   
2010
 
Change in benefit obligation
                 
Benefit obligation at beginning of year
  $ 83,491     $ 81,678     $ 68,414  
Service cost
    1,763       1,787       1,429  
Interest cost
    4,530       4,498       4,518  
Benefits paid
    (4,170 )     (3,821 )     (3,674 )
Actuarial (gain) loss
    18,923       (651 )     10,991  
Benefit obligation at end of year
  $ 104,537     $ 83,491     $ 81,678  
                         
Weighted average assumptions - benefit obligation
                       
Discount rate
    3.92 %     5.44 %     5.37 %
Rate of compensation increase
    2.64 %     2.64 %     2.64 %
                         
Change in plan assets
                       
Fair value of plan assets at beginning of year
  $ 78,577     $ 73,832     $ 67,126  
Actual return on plan assets
    2,348       8,543       10,357  
Employer contributions
    23       23       23  
Benefits paid
    (4,170 )     (3,821 )     (3,674 )
Fair value of plan assets at end of year
  $ 76,778     $ 78,577     $ 73,832  
                         
                         
Funded status at end of year
                       
Funded status
  $ (27,759 )   $ (4,914 )   $ (7,846 )
Net amount recognized
  $ (27,759 )   $ (4,914 )   $ (7,846 )
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
   
2012
   
2011
   
2010
Amounts recognized in balance sheet
               
Current liability
 
$
(23)
   
$
(23
)
 
$
(24
)
Noncurrent liability
   
(27,736)
     
(4,891
)
   
(7,822
)
Net amount recognized in balance sheet
 
$
(27,759)
   
$
(4,914
)
 
$
(7,846
)
                         
Weighted average assumptions – net periodic benefit cost
                       
Discount rate
   
5.44
%
   
5.37
%
   
6.50
%
Rate of compensation increase
   
2.64
%
   
2.64
%
   
2.64
%
Return on plan assets
   
6.00
%
   
8.00
%
   
8.00
%
                         
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss
                       
Prior service cost
 
$
(349
)
 
$
(585
)
 
$
(834
)
Accumulated loss
   
(10,420
)
   
(4,572
)
   
(8,038
)
Amounts not yet recognized as a component of net periodic benefit cost
   
(10,770
)
   
(5,157
)
   
(8,872
)
Accumulated contributions in excess of (less than) net periodic benefit cost
 
$
(16,990
)
 
$
243
   
$
1,026
 
Net amount recognized
 
$
(27,759
)
 
$
(4,914
)
 
$
(7,846
)
                         
Components of net periodic benefit cost
                       
Service cost
 
$
1,763
   
$
1,787
   
$
1,429
 
Interest cost
   
4,530
     
4,498
     
4,518
 
Expected return on plan assets
   
(4,570
)
   
(5,724
)
   
(5,195
)
Amortization of prior service cost
   
234
     
249
     
273
 
Recognized actuarial (gain) or loss
   
15,298
     
(2
)
   
4,405
 
Net periodic benefit cost
 
$
17,255
   
$
808
   
$
5,430
 
                         
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
                       
Prior service cost
 
$
(234
)
 
$
(234
)
 
$
-
 
                         
                         
Information for plan with accumulated benefits in excess of plan assets
                       
Projected benefit obligation
 
$
104,537
     
83,491
     
81,678
 
Accumulated benefit obligation
   
97,529
     
78,905
     
77,215
 
Fair value of assets
   
76,778
     
78,577
     
73,832
 
UK Plan [Member]
  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
The status of the U.K. defined benefit plan is as follows (in thousands):
   
2012
   
2011
   
2010
 
Change in benefit obligation
                 
Benefit obligation at beginning of year
 
$
36,400
   
$
36,296
   
$
27,753
 
Service cost
   
405
     
491
     
278
 
Interest cost
   
2,008
     
2,043
     
2,014
 
Participant contributions
   
249
     
202
     
231
 
Exchange rate changes
   
(851
)
   
2,683
     
(2,740
)
Benefits paid
   
(1,633
)
   
(1,486
)
   
(1,675
)
Actuarial (gain) loss
   
4,480
     
(3,829
)
   
10,435
 
Benefit obligation at end of year
 
$
41,058
   
$
36,400
   
$
36,296
 
                         
Weighted average assumptions - benefit obligation
                       
Discount rate
   
4.40%
     
5.70%
     
5.40%
 
Rate of compensation increase
   
2.60%
     
3.30%
     
3.10%
 
                         
Change in plan assets
                       
Fair value of plan assets at beginning of year
 
$
29,971
   
$
25,035
   
$
23,738
 
Actual return on plan assets
   
1,422
     
3,728
     
4,271
 
Employer contributions
   
1,245
     
602
     
460
 
Participant contributions
   
249
     
202
     
231
 
Benefits paid
   
(1,633
)
   
(1,486
)
   
(1,675
)
Exchange rate changes
   
(664
)
   
1,889
 
   
(1,990
)
Fair value of plan assets at end of year
 
$
30,590
   
$
29,970
   
$
25,035
 
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
     
2012
     
2011
     
2010
 
Funded status at end of year
                       
Funded status
 
$
(10,468
)
 
$
(6,430
)
 
$
(11,261
)
Net amount recognized
 
$
(10,468
)
 
$
(6,430
)
 
$
(11,261
)
    2012       2011      2010  
Amounts recognized in balance sheet
                 
Current liability
 
$
-
   
$
-
   
$
-
 
Noncurrent liability
   
(10,468
)
   
(6,430
)
   
(11,261
)
Net amount recognized in balance sheet
 
$
(10,468
)
 
$
(6,430
)
 
$
(11,261
)
                         
Weighted average assumptions – net periodic benefit cost
                       
Discount rate
   
5.70%
     
5.40%
     
7.10%
 
Rate of compensation increase
   
3.30%
     
3.10%
     
3.00%
 
Return on plan assets
   
6.40%
     
6.00%
     
6.50%
 
                         
Amounts not yet reflected in net periodic benefit costs and included in accumulated other comprehensive loss
                       
Prior service credit (cost)
 
$
—
   
$
—
   
$
—
 
Accumulated gain (loss)
   
(2,828
)
   
2,122
     
(3,630
)
Amounts not yet recognized as a component of net periodic benefit cost
   
(2,828
)
   
2,122
     
(3,630
)
Accumulated net periodic benefit cost in excess of contributions
 
$
(7,640
)
 
$
(8,552
)
 
$
(7,631
)
Net amount recognized
 
$
(10,468
)
 
$
(6,430
)
 
$
(11,261
)
                         
Components of net periodic benefit cost
                       
Service cost
 
$
405
   
$
491
   
$
278
 
Interest cost
   
2,008
     
2,043
     
2,014
 
Expected return on plan assets
   
(1,903
)
   
(1,581
)
   
(1,477
)
Amortization of prior service cost
   
-
     
-
     
108
 
Recognized actuarial loss
   
-
     
-
     
4,965
 
Net periodic benefit cost
 
$
510
   
$
953
   
$
5,888
 
                         
Estimated amounts that will be amortized from accumulated other comprehensive loss over the next year
 
$
-
   
$
-
   
$
-
 
                         
                         
Information for plan with accumulated benefits in excess of plan assets
                       
Projected benefit obligation
 
$
41,058
   
$
36,400
   
$
36,296
 
Accumulated benefit obligation
   
41,058
     
36,400
     
36,296
 
Fair value of assets
   
30,590
     
29,970
     
25,035