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Stockholders' Equity
 12 Months Ended
Jun. 30, 2011
Stockholders' Equity  
Stockholders' Equity

12. STOCKHOLDERS' EQUITY

Preferred Stock

We are authorized to issue "blank check" preferred stock (up to 5 million shares) with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered to issue, without stockholder approval, preferred stock with dividends, liquidation, conversion, voting, or other rights which could decrease the amount of earnings and assets available for distribution to holders of our Common Stock. At June 30, 2011 and 2010, no preferred stock was issued or outstanding.

Common Stock Issued

In connection with the acquisition of the assets and business of Three Greek Gods L.L.C. in the first quarter of fiscal 2011, 242,185 shares were issued to the sellers, valued at $4,785. (See Note 5)

In connection with the acquisition of the assets and business of World Gourmet Marketing L.L.C. in the fourth quarter of fiscal 2010, 1,558,442 shares were issued to the sellers, valued at $35,392. (See Note 5)

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) as reflected on the balance sheet at June 30 consisted of the following:

 

     2011     2010     2009  

Foreign currency translation adjustment

    $ 7,903      $ (6,738 )    $ 2,313   

Unrealized loss on available for sale securities

      (187 )      (285 )      (745 ) 

Deferred gains (losses) on hedging instruments

      (572 )      152        201   
  

 

 

    

 

 

    

 

 

  

Total accumulated other comprehensive income

    $ 7,144      $ (6,871 )    $ 1,769