text: for capital expenditures ($12.5 million related to the ERP project). 
  
  Net cash used by investing activities was primarily used for capital 
  
  expenditures in fiscal 2010. Capital expenditures consist primarily 
  
  of information technology equipment and building improvements. 
  
  Net cash used in financing activities in fiscal 2012 included $33.8 
  
  million for dividend payments and $31.0 million to repurchase 
  
  997,200 shares of treasury stock. These uses were partially offset 
  
  by $3.7 million of excess tax benefits from share-based 
  current ratio was 2.9 to 1 at June 30, 2012 and at June 30, 2011. 
  compensation. In fiscal 2011, we repaid $50.0 million under our 
  The Executive Organization and Compensation Committee of the 
  revolving credit facility, $25.0 million under our private placement 
  Board of Directors froze participant benefits (credited service and 
  debt and $12.8 million related to the associated cross-currency 
  final average earnings) and entry into the SERP effective 
  swaps. Additionally, we paid dividends of $29.8 million and 
  December 31, 2011. This action constituted a plan curtailment, 
  repurchased 189,600 shares of treasury stock for $6.1 million. 