v2.4.0.6

Note 9 - Income Taxes | 12 Months Ended
--- | ---
Jun. 30, 2012
Income Tax Disclosure [Text Block] | (9) INCOME TAXES The income tax provision for operations in 2012, 2011, and 2010 consisted of the following (in thousands):
|  | 2012 |  |  | 2011 |  |  | 2010 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 7,285 |  |  | $ | 10,612 |  |  | $ | 6,843 |
State and local |  |  | 220 |  |  |  | 1,628 |  |  |  | 1,107 |
Foreign |  |  | 1,900 |  |  |  | 1,292 |  |  |  | 114 |
Total Current |  |  | 9,405 |  |  |  | 13,532 |  |  |  | 8,064 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 5,950 |  |  |  | (1,036 | ) |  |  | (1,901 | )
State and local |  |  | 659 |  |  |  | (160 | ) |  |  | (203 | )
Foreign |  |  | (7 | ) |  |  | (174 | ) |  |  | (175 | )
Total Deferred |  |  | 6,602 |  |  |  | (1,370 | ) |  |  | (2,279 | )
Total |  | $ | 16,007 |  |  | $ | 12,162 |  |  | $ | 5,785 |
No benefit or expense has been recognized for U.S. federal income taxes on undistributed earnings of foreign subsidiaries of approximately $(0.1) million, ($1.6) million, and $0.6 million at June 30, 2012, 2011, and 2010, respectively. This exception is allowable under ASC 740-30-50-2. The Company's income tax expense varies from the statutory federal tax rate of 35% applied to income before income taxes as follows (in thousands):
|  | 2012 |  |  | 2011 |  |  | 2010 |
Computed "expected" income tax expense |  | $ | 14,540 |  |  | $ | 9,599 |  |  | $ | 3,400 |
State taxes, net of federal benefit |  |  | 571 |  |  |  | 964 |  |  |  | 569 |
Non-deductible expenses |  |  | 1,092 |  |  |  | 1,169 |  |  |  | 1,278 |
Other, net |  |  | (196 | ) |  |  | 430 |  |  |  | 538 |
Actual income tax expense |  | $ | 16,007 |  |  | $ | 12,162 |  |  | $ | 5,785 |
The tax effect of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at June 30, 2012 and 2011 consisted of the following (in thousands):
|  | 2012 |  |  | 2011 |
Deferred tax assets: |  |  |  |  |  |
Deferred equity compensation |  | $ | 2,638 |  |  | $ | 2,430 |
Insurance reserves |  |  | 3,814 |  |  |  | 5,069 |
Other |  |  | 1,399 |  |  |  | 5,986 |
Total deferred tax assets |  | $ | 7,851 |  |  | $ | 13,485 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property and equipment |  | $ | (35,856 | ) |  | $ | (32,908 | )
Goodwill |  |  | (4,885 | ) |  |  | (4,651 | )
Other |  |  | (1,160 | ) |  |  | (3,402 | )
Total deferred tax liabilities |  | $ | (41,901 | ) |  | $ | (40,961 | )
Net current deferred tax assets |  | $ | 4,160 |  |  | $ | 3,940 |
Net non-current deferred tax liabilities |  |  | (38,210 | ) |  |  | (31,416 | )
Total net deferred tax liabilities |  | $ | (34,050 | ) |  | $ | (27,476 | )
As of June 30, 2012, the Company had operating loss carry-forwards for income tax purposes of $2.7 million, which have expiration dates of 2028 and after. The Company follows ASC Topic 740-10-25 in accounting for uncertainty in income taxes. Topic 740-10-25 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As of June 30, 2012 and 2011, the Company recorded a $0.4 million liability for unrecognized tax benefits, a portion of which represents penalties and interest.

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration