text: around 0.15%. Management believes the overall receivables 
  outstanding borrowings under this facility at June 30, 2012 or 
  aging and provision for losses on uncollected receivables are at 
  June 30, 2011. 
  reasonable levels. 
  The revolving credit facility and uncommitted shelf facility contain 
  
  Inventory Analysis 
  restrictive covenants regarding liquidity, net worth, financial 
  
  ratios, and other covenants. At June 30, 2012, the most  Inventories are valued at the lower of cost or market, using the 
  
  restrictive of these covenants required that the Company have  last-in, first-out (LIFO) method for U.S. inventories and the 
  
  consolidated income before interest, taxes, depreciation and  average cost method for foreign inventories. Management uses 
  
  an inventory turnover ratio to monitor and evaluate inventory.  amortization at least equal to 300% of net interest expense. 
  
  At June 30, 2012, the Company was in compliance with all  Management calculates this ratio on an annual as well as a 
  
  covenants and expects to remain in compliance during the  quarterly basis and uses inventory valued at current costs. The 
  
  annualized inventory turnover (using current costs) for the period  terms of the agreements. 
  
  ended June 30, 2012 was 4.6 versus 4.7 at June 30, 2011. We 