XML 74 R16.htm IDEA: XBRL DOCUMENT
v2.4.0.6

PRODUCT WARRANTY OBLIGATIONS (Notes) | 12 Months Ended
--- | ---
Jun. 30, 2012
Standard Product Warranty Disclosure [Abstract] |
PRODUCT WARRANTY OBLIGATIONS | PRODUCT WARRANTY OBLIGATIONS The Company records a liability for product warranty obligations at the time of sale based upon historical warranty experience. The Company’s products carry a lifetime warranty except for the recently launched Striva product line which has a 90 day warranty. The Company also records a liability for specific warranty matters when they become known and are reasonably estimated. The Company’s current and non-current product warranty obligations are included in accrued liabilities and other liabilities, respectively, in the consolidated balance sheets. However, the Company is continuously releasing new and more complex and technologically advanced products. Even though some of these products have a shorter warranty period, it is at least reasonably possible that products could be released with certain unknown quality or design problems resulting in higher than expected warranty and related costs. These costs could have a materially adverse effect on the Company's results of operations and financial condition in the near term. Changes to the product warranty obligations for the years ended June 30, 2012 and 2011 are as follows:
Year Ended June 30, |  | Balance, Beginning of Year |  | Provision Charged to Expense |  | Warranty Expenses Incurred |  | Balance, End of Year
2012 |  | $ | 1,164,108 |  |  | 633,956 |  |  | (665,564 | ) |  | $ | 1,132,500 |
2011 |  | $ | 1,017,450 |  |  | 622,320 |  |  | (475,662 | ) |  | $ | 1,164,108 |

X
- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 45 -Paragraph 14 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 + Details
Name: | us-gaap_ProductWarrantyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StandardProductWarrantyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration