text: invested in working capital, particularly receivables and inventory. 
  existing operations. 
  The most significant factor in the spike in 2010 operating cash 
  
  flows related to the fiscal 2010 inventory management program 
  
  LIQUIDITY AND CAPITAL RESOURCES 
  Our primary source of capital is cash flow from operations, 
  which by June 30, 2010 had resulted in a $101.4 million 
  
  reduction in U.S. bearing and drives products inventory amounts 
  supplemented as necessary by bank borrowings or other sources 
  from the June 30, 2009 levels. 
  of debt. At June 30, 2012 and June 30, 2011, we had no 
  Net cash used in investing activities in fiscal 2012 included 
  outstanding borrowings. Management expects that our existing 
  $26.0 million for capital expenditures and $14.7 million for 
  cash, cash equivalents, funds available under the revolving credit 
  acquisitions. Capital expenditures included $16.7 million related 
  facility, cash provided from operations, and the use of operating 
  to the ERP project. In fiscal 2011, net cash used in investing 
  leases will be sufficient to finance normal working capital needs 
  activities included $30.5 million for acquisitions and $20.4 million 
  in each of the countries we operate in, payment of dividends, 