XML 47 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES (Tables)
 9 Months Ended
Mar. 30, 2013
Income Tax Disclosure [Abstract]  
Effective Tax Rate Reconciliation
The Company’s effective tax rate differs from the federal tax rate as follows (in thousands):
 
Three Months Ended
 
March 30, 2013
 
March 31, 2012
Federal income tax provision at statutory rate
$
1,209

 
$
1,551

Foreign earnings taxed at lower rates
(194
)
 
(83
)
Effect of foreign currency rate changes
(40
)
 
81

Recognition of tax credits, net
(490
)
 
(191
)
Change in valuation allowance
—

 
(445
)
Other
207

 
255

Income tax provision
$
692

 
$
1,168


 
Nine Months Ended
 
March 30, 2013
 
March 31, 2012
Federal income tax provision at statutory rate
$
4,888

 
$
2,973

Foreign earnings taxed at lower rates
(502
)
 
(357
)
Effect of foreign currency rate changes
(97
)
 
(70
)
Recognition of tax credits, net
(490
)
 
(1,660
)
Change in valuation allowance
—

 
(262
)
Other
390

 
306

Income tax provision
$
4,189

 
$
930