tax examinations for the tax years 2008 through 2012.  In addition, the Company is subject to foreign income tax examinations for 
the tax  years 2005 through 2012. 
The Company’s unrecognized income tax benefits are included in other liabilities in the consolidated balance sheets since payment 
of cash is not expected within one year.  
NOTE 8: SHAREHOLDERS’ EQUITY 
Treasury Shares 
At June 30, 2012, 596 shares of the Company’s common stock held as treasury shares were restricted as collateral under escrow 
arrangements relating to change in control and director and officer indemnification agreements. 
Accumulated Other Comprehensive Income (Loss) 
Accumulated othe r comprehensive income (loss) is comprised of the following:  
June 30,  2012  2011 
Postemployment liability, net of income taxes of $(3,899) and $(6,990)  $ (6,229 )  $ (11,212 ) 
Foreign currency translation  1,718   16,189  
Unrealized gains on investment securities available for sale, net of income taxes of $(32) and $48  (58 )  82  
Total accumulated other comprehensive income (loss)  $ (4,569 )  $ 5,059  
  
26 Applied Industrial Technologies, Inc. and Subsidiaries
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(In thousands, except per share amounts)
25358_AIT_Report_WT.indd   26 8/23/12   8:33 AM