During 2012, the Company acquired intangible assets with an initial purchase price allocation and weighted-average life as follows:  
  
Purchase Price 
Allocation  
Weighted-Average  
Life 
Customer relationships  $ 7,810   15 years 
Trade names  270   2 years 
Non-competition agreements  435   2 years 
Total Intangibles Acquired  $ 8,515   14 years 
Amortization of intangibles totaled $11,465, $11,382 and $10,151 in fiscal 2012, 2011 and 2010, respectively, and is included in 
selling, distribution and administrative expenses in the statements of consolidated income .  Amortization expense based on the 
Company’s intangible assets as of June 30, 2012 is estimated to be $11,200 for 2013, $9,800 for 2014, $8,900 for 2015, $8,200 
for 2016 and $7,600 for 2017.   
NOTE 5: DEBT 
The Company had no outstanding borrowings as of June 30, 2012 or June 30, 2011. 
The Company has a revolving credit fac ility with a group of banks expiring in May 2017 .  This agreement provides for unsecured 
borrowings of up to $150,000 .  Fees on this facility range from 0.09% to 0. 175% per year based upon the Company's leverage 
ratio at each quarter end.  Borrowings under this agreement carry variable int erest rates tied to either LIBOR, prime, or the bank’s 
cost of funds at the Company’s discretion.  Unused lines und
er this facility, net of outstanding letters of credit of $6,854 to secure 
certain insurance obligations, totaled $143,146 at June 30, 2012 and are available to fund future acquisitions or other capital and 
operating requirements.   
The Company has an agreement with Prudential Insurance Com pany for an uncommitted shelf fac il ity that enables the Company to 
borrow up to $100,000 in additional long-term financing with terms of up to fifteen years.  The agreement expires in February 
2013.  There were no borrowings under this agreement at June 30, 2012 or June 30, 2011.   
The revolving credit facility and uncommitted shelf fac ility contain restrictive covenants regarding liquidity, net worth, fin ancial ratios, 
and other covenants.  At June 30, 2012, the most restrictive of these covenants required that the Company have consolidated 
income before interest, taxes, depreciation and amortization at least equal to 30
0% of net interest expense .  At June 30, 2012, the 
Company was in compliance with a ll covenants.  
NOTE 6: FAIR VALUE MEASUREMENTS 
Marketable securities measured at fair value at June 30, 2012 and June 30, 2011 totaled $1 0,322 and $10,881, respectively.   
These marketable securities are held in a rabbi trust for a non-qualified deferred compensation plan .  The marketable securities are 
included in other assets on the consolidated balance sheets and their fair values were derived using quoted market prices (Level 1 in 
the fair value hierarchy).  
NOTE 7: INCOME TAXES 
Income Before Income Taxes 
The components of income before income tax es are as follows: 
 
Year Ended June 30,  2012.  2011.  2010. 
U.S.  $ 137,667   $ 127,567   $ 91,932  
Foreign  29,159   25,321   13,085  
Total income before income taxes  $ 166,826   $ 152,888   $ 105,017  
  
 
Provision 
The provision (benefit) for income t axes consists of:  
Year Ended June 30,  2012  2011  2010  
Current:       
Federal  $ 36,178   $ 36,799   $ 28,342  
State and local  5,522   6,208   4,123  
Foreign  7,706   8,338   4,241  
Total current  49,406   51,345   36,706  
Deferred:       
Federal  8,577   5,648   1,880  
State and local  503   169   (311 ) 
Foreign  (439 )  (1,033 )  839  
Total deferred  8,641   4,784   2,408  
Total  $ 58,047   $ 56,129   $ 39,114  
The exercise of non-qualified stock appreciation rights and options during fiscal 2012, 2011 and 2010 resulted in $2,725, $6,003 
and $1,466, respectively, of income tax benefits to the Company derived from the difference between the market price at the date 
of exercise and the option price .  Vesting of stock awards and other stock compensation in fiscal 2012, 2011 and 2010 resulted in