Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Jun. 30, 2014	Aug. 25, 2014	Dec. 31, 2013
Document and Entity Information
Entity Registrant Name	OSI SYSTEMS INC
Entity Central Index Key	0001039065
Document Type	10-K
Document Period End Date	Jun. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,013,961,302
Entity Common Stock, Shares Outstanding		19,796,575
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
CURRENT ASSETS:
Cash and cash equivalents	$ 38,831	$ 34,697
Accounts receivable, net	185,773	206,817
Inventories	234,138	206,213
Deferred taxes	73,510	41,617
Prepaid expenses and other current assets	46,978	53,780
Total current assets	579,230	543,124
Property and equipment, net	260,479	249,029
Goodwill	92,607	83,743
Intangible assets, net	43,615	36,603
Other assets	48,255	40,240
Total assets	1,024,186	952,739
CURRENT LIABILITIES:
Bank lines of credit	24,000	59,000
Current portion of long-term debt	2,819	1,797
Accounts payable	74,460	97,050
Accrued payroll and related expenses	32,997	28,503
Advances from customers	38,493	37,432
Deferred revenue	60,677	18,131
Income taxes payable	20,556	19,659
Other accrued expenses and current liabilities	55,977	36,667
Total current liabilities	309,979	298,239
Long-term debt	10,436	10,673
Advances from customers	50,000	75,000
Deferred income taxes	73,161	46,365
Other long-term liabilities	48,397	44,011
Total liabilities	491,973	474,288
Commitments and contingencies (Note 9)
Stockholders' Equity:
Preferred stock, $0.001 par value-authorized, 10,000,000 shares; no shares issued or outstanding
Common stock, $0.001 par value-authorized, 100,000,000 shares; issued and outstanding, 19,914,089 and 19,942,923 shares at June 30, 2013 and 2014, respectively	287,434	285,001
Retained earnings	247,680	199,786
Accumulated other comprehensive loss	(2,901)	(6,336)
Total stockholders' equity	532,213	478,451
Total liabilities and stockholders' equity	$ 1,024,186	$ 952,739

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED BALANCE SHEETS
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized shares	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized shares	100,000,000	100,000,000
Common stock, shares issued	19,942,923	19,914,089
Common stock, shares outstanding	19,942,923	19,914,089

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Net revenues:
Products	$ 654,040	$ 600,279	$ 678,490
Services	252,702	201,768	114,500
Total net revenues	906,742	802,047	792,990
Cost of goods sold:
Products	453,709	397,061	447,268
Services	148,033	114,560	77,080
Total cost of goods sold	601,742	511,621	524,348
Gross profit	305,000	290,426	268,642
Operating expenses:
Selling, general and administrative	166,869	159,761	151,746
Research and development	44,792	48,240	49,565
Impairment, restructuring and other charges	12,044	7,987	1,391
Total operating expenses	223,705	215,988	202,702
Income from operations	81,295	74,438	65,940
Interest and other expense, net	5,440	5,024	3,957
Income before income taxes	75,855	69,414	61,983
Provision for income taxes	27,961	25,279	16,435
Net income	$ 47,894	$ 44,135	$ 45,548
Earnings per share:
Basic (in dollars per share)	$ 2.40	$ 2.21	$ 2.31
Diluted (in dollars per share)	$ 2.33	$ 2.15	$ 2.24
Shares used in per share calculation:
Basic (in shares)	19,952	19,956	19,732
Diluted (in shares)	20,587	20,568	20,330

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 47,894	$ 44,135	$ 45,548
Other comprehensive income (loss):
Foreign currency translation adjustment	2,795	(2,359)	(5,597)
Defined benefit pension plans	606	194	(763)
Net unrealized gain (loss) on investments and derivatives	34	117	(73)
Other comprehensive income (loss)	3,435	(2,048)	(6,433)
Comprehensive income	$ 51,329	$ 42,087	$ 39,115

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) In Thousands, except Share data, unless otherwise specified	Total	Common	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Balance at Jun. 30, 2011	$ 384,800	$ 272,552	$ 110,103	$ 2,145
Balance (in shares) at Jun. 30, 2011		19,507,065
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	2,492	2,492
Exercise of stock options (in shares)		140,385
Vesting of restricted shares (in shares)		208,376
Net tax benefit of stock options exercised/forfeited	3,187	3,187
Shares issued under employee stock purchase program	2,391	2,391
Shares issued under employee stock purchase program (in shares)		82,752
Stock compensation expense	8,530	8,530
Repurchase of common stock	(3,927)	(3,927)
Repurchase of common stock (in shares)	(67,037)	(67,037)
Taxes paid related to net share settlement of equity awards	(2,469)	(2,469)
Taxes paid related to net share settlement of equity awards (in shares)		(50,477)
Net income	45,548		45,548
Other comprehensive income (loss)	(6,433)			(6,433)
Balance at Jun. 30, 2012	434,119	282,756	155,651	(4,288)
Balance (in shares) at Jun. 30, 2012		19,821,064
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	1,835	1,835
Exercise of stock options (in shares)		117,705
Vesting of restricted shares (in shares)		236,070
Net tax benefit of stock options exercised/forfeited	3,566	3,566
Shares issued under employee stock purchase program	2,840	2,840
Shares issued under employee stock purchase program (in shares)		85,056
Stock compensation expense	16,446	16,446
Repurchase of common stock	(12,012)	(12,012)
Repurchase of common stock (in shares)	(200,732)	(200,732)
Taxes paid related to net share settlement of equity awards	(10,430)	(10,430)
Taxes paid related to net share settlement of equity awards (in shares)		(145,074)
Net income	44,135		44,135
Other comprehensive income (loss)	(2,048)			(2,048)
Balance at Jun. 30, 2013	478,451	285,001	199,786	(6,336)
Balance (in shares) at Jun. 30, 2013	19,914,089	19,914,089
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	47	47
Exercise of stock options (in shares)		1,169
Vesting of restricted shares (in shares)		283,091
Net tax benefit of stock options exercised/forfeited	4,573	4,573
Shares issued under employee stock purchase program	1,455	1,455
Shares issued under employee stock purchase program (in shares)		29,185
Stock compensation expense	16,983	16,983
Repurchase of common stock	(12,056)	(12,056)
Repurchase of common stock (in shares)	(165,845)	(165,845)
Taxes paid related to net share settlement of equity awards	(8,569)	(8,569)
Taxes paid related to net share settlement of equity awards (in shares)		(118,766)
Net income	47,894		47,894
Other comprehensive income (loss)	3,435			3,435
Balance at Jun. 30, 2014	$ 532,213	$ 287,434	$ 247,680	$ (2,901)
Balance (in shares) at Jun. 30, 2014	19,942,923	19,942,923

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 47,894	$ 44,135	$ 45,548
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	54,239	27,507	20,199
Stock based compensation expense	16,983	16,446	8,530
Provision for losses on accounts receivable	229	3,563	417
Tax benefit of share based compensation plan	4,573	3,566	3,187
Deferred income taxes provision (benefit)	7,936	3,604	(1,457)
Other	121	299	(224)
Changes in operating assets and liabilities-net of business acquisitions:
Accounts receivable	26,180	(53,568)	(17,445)
Inventories	(21,026)	(12,894)	(24,525)
Prepaid expenses and other current assets	4,485	20,547	(5,019)
Accounts payable	(26,143)	40,476	(12,925)
Accrued payroll and related expenses	4,524	4,158	2,093
Advances from customers	(23,944)	(10,736)	99,025
Accrued warranties	(1,866)	(4,634)	3,126
Deferred revenue	40,630	(5,563)	8,279
Other accrued expenses and current liabilities	(5,645)	(18,241)	(8,246)
Net cash provided by operating activities	129,170	58,665	120,563
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment	(54,598)	(157,367)	(68,490)
Acquisition of businesses, net of cash acquired	(11,740)	(6,087)	(7,989)
Acquisition of intangible and other assets	(5,896)	(4,399)	(4,703)
Net cash used in investing activities	(72,234)	(167,853)	(81,182)
CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings (repayments) on bank lines of credit	(35,000)	59,000
Proceeds from long-term debt	3,497	11,100
Payments on long-term debt	(3,667)	(1,274)	(217)
Proceeds from exercise of stock options and employee stock purchase plan	1,501	4,674	4,883
Repurchase of common shares	(12,056)	(12,011)	(3,927)
Taxes paid related to net share settlement of equity awards	(8,569)	(10,431)	(2,469)
Net cash provided by (used in) financing activities	(54,294)	51,058	(1,730)
Effect of exchange rate changes on cash	1,492	1,375	(1,818)
Net increase (decrease) in cash and cash equivalents	4,134	(56,755)	35,833
Cash and cash equivalents-beginning of year	34,697	91,452	55,619
Cash and cash equivalents-end of year	38,831	34,697	91,452
Supplemental disclosure of cash flow information:
Interest	4,659	3,480	3,168
Income taxes	$ 18,552	$ 12,289	$ 7,150

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jun. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business—OSI Systems, Inc., together with its subsidiaries (the "Company"), is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products in diversified markets, including homeland security, healthcare, defense and aerospace.

The Company has three reporting segments: (i) Security, providing security inspection systems, turnkey security screening solutions and related services; (ii) Healthcare, providing patient monitoring, diagnostic cardiology and anesthesia systems, and related services and (iii) Optoelectronics and Manufacturing, providing specialized electronic components and electronic manufacturing services for the Security and Healthcare divisions as well as to external original equipment manufacturing clients for applications in the defense, aerospace, medical and industrial markets, among others.

Through its Security division, the Company provides security screening, threat detection and non-intrusive inspection products and related services globally. These products fall into the following categories: baggage and parcel inspection systems; cargo and vehicle inspection systems; hold (checked) baggage screening systems; people screening; radiation detection; and trace detection. In addition to these products, the Company provides site design, installation, training and technical support services to its customers. The Company also provides turnkey security screening solutions, which can include the construction, staffing and long-term operation of security screening checkpoints for its customers.

Through its Healthcare division, the Company designs, manufactures, markets and services patient monitoring, diagnostic cardiology and anesthesia delivery and ventilation systems, and related supplies and accessories worldwide. These products are used by care providers in critical care, emergency and perioperative areas within hospitals as well as physicians' offices, medical clinics and ambulatory surgery centers.

Through its Optoelectronics and Manufacturing division, the Company designs, manufactures and markets optoelectronic devices and provides electronics manufacturing services worldwide for use in a broad range of applications, including aerospace and defense electronics, security and inspection systems, medical imaging and diagnostic products, telecommunications, computer peripherals, industrial automation systems, automotive diagnostic systems, gaming systems and consumer products. This division provides products and services to original equipment manufacturers and end users as well as to the Company's own Security and Healthcare divisions.

Consolidation—The Consolidated Financial Statements include the accounts of OSI Systems, Inc. and its wholly-owned and majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Investments in joint ventures over which the Company has significant influence but does not have voting control are accounted for using the equity method. Investments over which the Company does not have significant influence are accounted for using the cost method.

Use of Estimates—The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications—Certain reclassifications have been made to prior year amounts within the Consolidated Balance Sheet and Consolidated Statement of Cash Flows to conform to the current year's presentation.

Cash Equivalents—The Company considers all highly liquid investments purchased with maturities of approximately three months or less as of the acquisition date to be cash equivalents.

Accounts Receivable—Billed receivables include outstanding trade receivables. Unbilled receivables primarily include earned but unbilled revenue. Allowance for doubtful accounts involves estimates based on management's judgment, review of individual receivables and analysis of historical bad debts. The Company monitors collections and payments from its customers and maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments.

Components of accounts receivable consisted of:

	June 30,

	2013			2014
Billed receivables	$	179,458		$	189,489
Unbilled receivables		34,636			1,975
Less allowance for doubtful accounts		(7,277	)		(5,691	)


Total	$	206,817		$	185,773

Inventories—Inventories are generally stated at the lower of cost (first-in, first-out) or market. The Company writes down inventory for slow-moving and obsolete inventory based on assessments of future demands, market conditions and customers who may be experiencing financial difficulties. If these factors are less favorable than those projected, additional inventory write-downs may be required.

Property and Equipment—Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets taking into consideration any salvage value. Amortization of leasehold improvements is calculated on the straight-line basis over the shorter of the useful life of the asset or the lease term. Leased capital assets are included in property and equipment. Amortization of property and equipment under capital leases is included with depreciation expense.

Goodwill and Other Intangible Assets and Valuation of Long-Lived Assets—Goodwill represents the excess purchase price of net tangible and intangible assets acquired in business combinations over their estimated fair value. Goodwill is allocated to the Company's segments based on the nature of the product line of the acquired business. The carrying value of goodwill is not amortized, but is annually tested for impairment during the Company's second quarter and more often if there is an indicator of impairment. Intangible assets other than goodwill are amortized over their useful lives unless these lives are determined to be indefinite. The Company assesses qualitative factors of each of its reporting units to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. Such assessments indicated that it is not more likely than not that the fair value of each reporting unit is less than its carrying amount, including goodwill. Thus, the Company has determined that it is not necessary to proceed with the two-step goodwill impairment test. There was no goodwill impairment for each of three fiscal years ended June 30, 2014.

The Company evaluates long-lived assets with finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets. If impairment does exist, the Company measures the impairment loss and records it based on the discounted estimate of future cash flows. In estimating future cash flows, the Company groups assets at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows from other asset groups. The Company's estimate of future cash flows is based upon, among other things, certain assumptions about expected future operating performance, growth rates and other factors.

Income Taxes—Deferred income taxes are provided for temporary differences between the financial statement and income tax basis of the Company's assets and liabilities, based on enacted tax rates. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred income tax assets will not be realized. Income tax accounting standards prescribe a two-step process for the financial statement measurement and recognition of a tax position taken or expected to be taken in a tax return. The first step involves the determination of whether it is more likely than not (greater than 50 percent likelihood) that a tax position will be sustained upon examination, based on the technical merits of the position. The second step requires that any tax position that meets the more-likely-than-not recognition threshold be measured and recognized in the financial statements at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The income tax accounting standards also provide guidance on the accounting for related interest and penalties, financial statement classification and disclosure. The cumulative effect of applying these standards is to be reported as an adjustment to the opening balance of retained earnings in the period of adoption. See Note 8 for additional information.

Fair Value of Financial Instruments—The Company's financial instruments consist primarily of cash, marketable securities, accounts receivable, accounts payable and debt instruments. The carrying values of financial instruments, other than long-term debt instruments, are representative of their fair values due to their short-term maturities. The carrying values of the Company's long-term debt instruments are considered to approximate their fair values because the interest rates of these instruments are variable or comparable to current rates offered to the Company.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. "Level 1" category includes assets and liabilities at the quoted prices in active markets for identical assets and liabilities. "Level 2" category includes assets and liabilities from observable inputs other than quoted market prices. "Level 3" category includes assets and liabilities whose valuation techniques are unobservable and significant to the fair value measurement. There were no assets or liabilities where "Level 3" valuation techniques were used, and there were no assets and liabilities measured at fair value on a non-recurring basis.

The following is a summary of the investments carried at fair value (in thousands):

	Level 1		Level 2		June 30, 2013		Level 1		Level 2		June 30, 2014

Equity securities		316		—		316		914		—		914
Insurance company contracts		—		13,914		13,914		—		17,383		17,383
Interest rate contract		—		66		66		—		28		28


Total	$	316	$	13,980	$	14,296	$	914	$	17,411	$	18,325

Derivative Instruments and Hedging Activity—The Company's use of derivatives consists of an interest rate swap agreement. The interest rate swap agreement was entered into to improve the predictability of cash flows from interest payments related to variable, LIBOR-based debt for the duration of the term loan. The interest rate swap matures in October 2019. The interest rate swap is considered an effective cash flow hedge, and, as a result, the net gains or losses on such instrument were reported as a component of Other comprehensive income in the Consolidated Financial Statements and are reclassified as net income when the hedge transaction settles.

Revenue Recognition—The Company recognizes revenue from sales of products upon shipment when title and risk of loss passes, and when terms are fixed and collection is probable. Revenue from services includes after-market services, installation and implementation of products, and turnkey security screening services. The portion of revenue for the sale attributable to installation is deferred and recognized when the installation service is provided. In an instance where terms of sale include subjective customer acceptance criteria, revenue is deferred until the Company has achieved the acceptance criteria. Concurrent with the shipment of the product, the Company accrues estimated product return reserves and warranty expenses. Critical judgments made by management related to revenue recognition include the determination of whether or not customer acceptance criteria are perfunctory or inconsequential. The determination of whether or not customer acceptance terms are perfunctory or inconsequential impacts the amount and timing of revenue recognized. Critical judgments also include estimates of warranty reserves, which are established based on historical experience and knowledge of the product under warranty.

Revenue from turnkey services agreements is included in revenue from services. In certain agreements, revenue is recognized based upon proportional performance, measured by the actual number of hours incurred divided by the total estimated number of hours for the project. The impact of changes in the estimated hours to service the agreement is reflected in the period during which the change becomes known. Deferred revenue for such agreements arises when payments from customers are received in advance of revenue recognition.

Revenues from out of warranty service maintenance contracts are recognized ratably over the term of such contract. For services not derived from specific maintenance contracts, revenues are recognized as the services are performed. Deferred revenue for such services arises from payments received from customers for services not yet performed. On occasion, the Company receives advances from customers that are amortized against future customer payments pursuant to the underlying agreements. Such advances are classified in the consolidated balance sheets as either a current or long-term liability dependent upon when the Company estimates the corresponding amortization to occur.

Freight—The Company records shipping and handling fees it charges to its customers as revenue and related costs as cost of goods sold.

Research and Development Costs—Research and development costs are those costs related to the development of a new product, process or service, or significant improvement to an existing product, process or service. Such costs are charged to operations as incurred.

Stock-Based Compensation—Stock-based compensation cost is measured at the grant date based on the estimated fair value of the award and is recognized as expense over the employee's requisite service period for all stock-based awards granted or modified. Certain restricted awards vest based on the achievement of pre-established performance goals. The fair value of performance-based awards is estimated at the date of grant and the probability that the specified performance criteria will be met, adjusted for estimated forfeitures. Each quarter the Company updates the assessment of the probability that the specified performance criteria will be achieved and adjusts the estimate of the fair value of the performance-based awards if necessary. The Company amortizes the fair value of performance-based awards over the requisite service period for each separately vesting tranche of the award. See Note 7 to the Consolidated Financial Statements.

Impairment, Restructuring and Other Charges—The Company consolidates processes and facilities of its subsidiaries to better align with demand by its customers and thereby improve its operational efficiencies. The associated charges, and other non-recurring charges and impairment of assets, are recognized as impairment, restructuring and other charges in the Consolidated Financial Statements. See Note 5 for additional information about these restructuring charges.

Credit Risk and Concentration—Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash, cash equivalents, marketable securities and accounts receivable. The Company restricts investments in cash equivalents to financial institutions with high credit standing. Credit risk on accounts receivable is minimized as a result of the large and diverse nature of the Company's worldwide customer base. As of June 30, 2013, one customer accounted for 16% of accounts receivable; while a different customer accounted for 13% of accounts receivable as of June 30, 2014. During fiscal 2012, one customer accounted for 12% of revenues, while a different customer accounted for 14% of revenues during fiscal 2014. There were no customers accounting for more than 10% of revenues during fiscal 2013. The Company performs ongoing credit evaluations of its customers' financial condition and maintains allowances for potential credit losses.

The Company has a key single-source vendor to supply an integral component in its cargo product lines in the Security division. The Company also relies primarily on a vendor that provides key components to the Optoelectronics and Manufacturing division. While management believes that relying on key vendors improves the efficiency and reliability of business operations, relying on any one vendor for a significant aspect of business can have a significant negative impact on revenue and profitability if that vendor fails to perform at acceptable service levels for any reason, including financial difficulties of the vendor.

Foreign Currency Translation—The Company transacts business in various foreign currencies. In countries where the functional currency of the underlying operations has been determined to be the local country's currency, revenues and expenses of operations outside the United States are translated into United States dollars using average exchange rates while assets and liabilities of operations outside the United States are translated into United States dollars using year-end exchange rates. The effects of foreign currency translation adjustments are included in stockholders' equity as a component of accumulated other comprehensive income in the accompanying consolidated balance sheets. Transaction gains and losses, which were included in the Company's consolidated statement of operations, amounted to a gain (loss) of approximately $0.4 million, $1.8 million and $(1.8) million for the fiscal years ended June 30, 2012, 2013 and 2014, respectively.

Business Combinations—During the normal course of business the Company makes acquisitions. In the event that an individual acquisition (or an aggregate of acquisitions) is material, appropriate disclosure of such acquisition activity is provided. The acquisition method of accounting for business combinations requires the Company to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which we may adjust the provisional amounts recognized for a business combination) in a manner that is generally similar to the previous purchase method of accounting.

Under the acquisition method of accounting the Company recognizes separately from goodwill the identifiable assets acquired, the liabilities assumed, and any noncontrolling interests in an acquiree, generally at the acquisition date fair value. The Company measures goodwill as of the acquisition date as the excess of consideration transferred, which the Company also measures at fair value, over the net of the acquisition date amounts of the identifiable assets acquired and liabilities assumed. Costs that the Company incurs to complete the business combination such as investment banking, legal and other professional fees are not considered part of consideration and the Company charges them to general and administrative expense as they are incurred. Under the acquisition method the Company also accounts for acquired company restructuring activities that the Company initiates separately from the business combination. Should the initial accounting for a business combination be incomplete by the end of a reporting period that falls within the measurement period, the Company reports provisional amounts in its financial statements. During the measurement period, the Company adjusts the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date and we record those adjustments to our financial statements. The Company applies those measurement period adjustments that the Company determines to be significant retrospectively to comparative information in its financial statements, including adjustments to depreciation and amortization expense.

Earnings per Share—Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income available to common stockholders by the sum of the weighted average number of common and dilutive potential common shares outstanding. Potential common shares consist of the shares issuable upon the exercise of stock options under the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share for the fiscal years ended June 30 (in thousands, except earnings per share data):

	2012		2013		2014

Net income available to common stockholders	$	45,548	$	44,135	$	47,894




Weighted average shares outstanding—basic		19,732		19,956		19,952
Dilutive effect of stock options		598		612		635


Weighted average of shares outstanding—diluted		20,330		20,568		20,587




Basic earnings per share	$	2.31	$	2.21	$	2.40




Diluted earnings per share	$	2.24	$	2.15	$	2.33

Provision for Warranties—The Company offers its customers warranties on many of the products that it sells. These warranties typically provide for repairs and maintenance of the products if problems arise during a specified time period after original shipment. Concurrent with the sale of products, the Company records a provision for estimated warranty expenses with a corresponding increase in cost of goods sold. The Company periodically adjusts this provision based on historical experience and anticipated expenses. The Company charges actual expenses of repairs under warranty, including parts and labor, to this provision when incurred.

	Provision for Warranties (in thousands)

Balance on June 30, 2011	$	14,530
Warranty claims provision		8,620
Settlements made		(5,588	)


Balance on June 30, 2012	$	17,562
Warranty claims provision		1,948
Settlements made		(6,620	)


Balance on June 30, 2013	$	12,890
Warranty claims provision		5,573
Settlements made		(6,540	)


Balance on June 30, 2014	$	11,923

Recent Accounting Updates Not Yet Adopted—In May 2014, the Financial Accounting Standards Board issued an accounting standards update amending revenue recognition requirements for multiple-deliverable revenue arrangements. This update provides guidance on how revenue is recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for the goods or services. This determination is made in five steps: (i) identify the contract with the customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The update is effective for annual reporting periods after December 15, 2016 and for interim reporting periods within that reporting period. Early adoption is not permitted. The Company has not yet adopted this update and is currently evaluating the impact it may have on its financial condition and results of operations.

INVENTORIES

12 Months Ended

Jun. 30, 2014

INVENTORIES

INVENTORIES

2. INVENTORIES

Inventory consisted of the following (in thousands):

	June 30,

	2013		2014
Raw materials	$	117,416	$	117,945
Work-in-process		37,337		33,394
Finished goods		51,460		82,799


Total	$	206,213	$	234,138

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2014

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following (in thousands):

		June 30,

	Estimated Useful Lives	June 30,
	Estimated Useful Lives	2013			2014
Land	N/A	$	8,365		$	13,651
Buildings and improvements	5-40 years		102,187			163,952
Leasehold improvements	1-25 years		9,302			9,744
Equipment and tooling	3-10 years		135,437			154,367
Furniture and fixtures	3-13 years		3,551			4,017
Computer equipment	3-5 years		14,309			17,466
Computer software	3-10 years		15,209			15,670
Construction in process	N/A		48,713			12,650


Total			337,073			391,517
Less accumulated depreciation and amortization			(88,044	)		(131,038	)


Property and equipment, net		$	249,029		$	260,479

During fiscal 2012, 2013 and 2014, depreciation expense was approximately $15.5 million, $22.6 million and $49.9 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2014

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

4. GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying amount of goodwill for fiscal 2013 and 2014 are as follows (in thousands):

	Security Division		Healthcare Division			Optoelectronics and Manufacturing Division			Consolidated

Balance as of June 30, 2012	$	27,583	$	35,887		$	18,679		$	82,149
Goodwill acquired or adjusted during the period		798		—			701			1,499
Foreign currency translation adjustment		165		(60	)		(10	)		95


Balance as of June 30, 2013	$	28,546	$	35,827		$	19,370		$	83,743
Goodwill acquired or adjusted during the period		784		1,018			5,730			7,532
Foreign currency translation adjustment		177		392			763			1,332


Balance as of June 30, 2014	$	29,507	$	37,237		$	25,863		$	92,607

Intangible assets subject to amortization consisted of the following (in thousands):

		June 30, 2013						June 30, 2014

	Weighted Average Lives	Gross Carrying Value		Accumulated Amortization		Intangibles Net		Gross Carrying Value		Accumulated Amortization		Intangibles Net
Amortizable assets:
Software development costs	7 years	$	17,350	$	5,396	$	11,954	$	21,165	$	6,716	$	14,449
Patents	20 years		5,400		635		4,765		6,566		765		5,801
Core technology	10 years		2,058		1,728		330		2,289		2,150		139
Developed technology	11 years		20,002		14,620		5,382		18,308		11,559		6,749
Customer relationships/backlog	7 years		9,178		5,624		3,554		11,419		7,011		4,408


Total amortizable assets			53,988		28,003		25,985		59,747		28,201		31,546
Non-amortizable assets:
Trademarks			10,618		—		10,618		12,069		—		12,069


Total intangible assets		$	64,606	$	28,003	$	36,603	$	71,816	$	28,201	$	43,615

Amortization expense for fiscal 2012, 2013 and 2014 was $4.7 million, $4.9 million and $4.3 million, respectively. Future acquisitions could cause these amounts to increase. At June 30, 2014, estimated future amortization expense was as follows (in thousands):


2015	$	3,019
2016		2,902
2017		3,073
2018		3,059
2019		2,906
Thereafter, including assets that have not yet begun to be amortized		16,587


Total	$	31,546

Software development costs for software products incurred before establishing technological feasibility are charged to operations. Software development costs incurred after establishing technological feasibility are capitalized on a product by product basis until the product is available for general release to customers at which time amortization begins. Annual amortization, charged to cost of goods sold, is the amount computed using the ratio that current revenues for a product bear to the total current and anticipated future revenues for that product. In the event that future revenues are not estimable, such costs are amortized on a straight line basis over the remaining estimated economic life of the product. Amortizable assets that have not yet begun to be amortized are included in thereafter in the table above. During fiscal 2012, 2013 and 2014, the Company capitalized software development costs in the amount of $2.1 million, $2.2 million and $3.0 million, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

12 Months Ended

Jun. 30, 2014

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

5. IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

In response to challenging worldwide economic conditions, the Company continued to optimize its cost structure by reducing excess workforce and facilities and consolidating and relocating certain manufacturing facilities. In addition, as a result of a contract settlement with the Transportation Security Agency (TSA) in fiscal 2013 related to the Rapiscan Secure 1000SP Advanced Imaging Technology system and associated Automated Target Recognition software and the Company's related agreement with the U.S. Department of Homeland Security (DHS), and other contract issues with U.S. Government agencies, the Company incurred charges, including the write-off of inventory, removal and storage costs for products previously sold to the TSA and legal costs; and recognized the impairment of related capitalized software development costs. In fiscal 2014, the Company recognized additional charges related to a termination for default of a contract with the TSA as well as contract issues with other U.S. Government agencies. The related accruals are included in other accrued expenses and current liabilities in the consolidated balance sheets. The following table analyzes the key components of impairment, restructuring and other charges throughout fiscal 2012, 2013 and 2014:

	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate		Consolidated

Accrued balance as of June 30, 2011	$	465	$	179	$	104	$	28	$	776
Expensed during the year
Facility closure		—		—		233		—		233
Employee termination costs		290		170		698		—		1,158


Total expensed during year		290		170		931		—		1,391
Paid or incurred during the year		458		179		1,029		19		1,685


Accrued balance as of June 30, 2012	$	297	$	170	$	6	$	9	$	482




Expensed during the year
Facility closure		—		2,309		344		—		2,653
Employee termination costs		781		57		246		—		1,084
Charges related to contract settlement		3,155		—		—		—		3,155
Impairment of software development costs		1,095		—		—		—		1,095


Total expensed during the year		5,031		2,366		590		—		7,987
Paid or incurred during the year		4,285		897		530		9		5,721


Accrued balance as of June 30, 2013	$	1,043	$	1,639	$	66		—	$	2,748




Expensed during the year
Facility closure / consolidations (1)		—		2,009		763		—		2,772
Employee termination costs (2)		886		—		669		—		1,555
Charges related to government contract issues (3)		5,798		—		—		—		5,798
Charges related to class action litigation		—		—		—		594		594
Debt restructuring (4)		—		—		—		1,325		1,325


Total expensed during the year		6,684		2,009		1,432		1,919		12,044
Paid or incurred during the year		5,912		2,598		1,430		1,919		11,859


Accrued balance as of June 30, 2014	$	1,815	$	1,050	$	68		—	$	2,933

(1): The facility closure within the Healthcare division began in fiscal 2013 and was completed during the first quarter of fiscal 2014. The facility consolidations within the Optoelectronics and Manufacturing division began during the first quarter of fiscal 2014 and are expected to be completed during first half of fiscal 2015.
(2): The employee termination costs within the Security division were incurred as a result of management restructuring. The employee termination costs within the Optoelectronics and Manufacturing division related to facility consolidations.
(3): These costs related to contract issues with the TSA and other U.S. Government agencies. These costs include removal, storage and refurbishing costs for products previously sold to the TSA as required by the termination, and legal and other costs.
(4): Debt restructuring costs relate to the amendment of the Company's credit agreement that was completed in the fourth quarter of fiscal 2014.

LINE-OF-CREDIT BORROWINGS AND DEBT

12 Months Ended

Jun. 30, 2014

LINE-OF-CREDIT BORROWINGS AND DEBT

LINE-OF-CREDIT BORROWINGS AND DEBT

6. LINE-OF-CREDIT BORROWINGS AND DEBT

The Company has a $450 million credit agreement, as amended, maturing May 2019. The credit agreement consists of a $450 million revolving credit facility, including a $375 million sub-limit for letters of credit. The Company has the ability to increase the facility by $200 million under certain circumstances. Borrowings under this facility bear interest at the London Interbank Offered Rate ("LIBOR") plus a margin of 1.25% as of June 30, 2014. This margin is determined by the Company's consolidated leverage ratio and may range from 1.25% to 2.0%. Letters of credit reduce the amount available to borrow by their face value. As of June 30, 2014, the unused portion of the facility bears a commitment fee of 0.20%, but can range from 0.20% to 0.35% based on the Company's consolidated leverage ratio. The Company's borrowings under the credit agreement are guaranteed by the Company's U.S.-based subsidiaries and are secured by substantially all of the Company's and certain subsidiaries' assets. The agreement contains various representations, warranties, affirmative, negative and financial covenants, and conditions of default customary for financing agreements of this type. As of June 30, 2014, there was $24 million outstanding under the revolving credit facility and letters-of-credit outstanding totaled $102.9 million. As of June 30, 2014, the Company believes that it is in material compliance with all related covenants to this credit facility.

Several of the Company's foreign subsidiaries maintain bank lines-of-credit, denominated in local currencies and US dollars, to meet short-term working capital requirements and for the issuance of letters-of-credit. As of June 30, 2014, $21.8 million was outstanding under these lines-of-credit facilities, while no debt was outstanding. As of June 30, 2014, the total amount available under these credit facilities was $16.3 million, with a total cash borrowing sub-limit of $1.7 million.

In September 2012, the Company entered into a term loan agreement for $11.1 million to fund the acquisition of land and a building in the state of Washington. The loan is payable over seven years and bears interest at LIBOR plus 1.25%, which is payable on a monthly basis. Concurrent with entering into the floating rate loan, the Company entered into an interest rate swap agreement that effectively locks the interest rate of the loan to 2.2% per annum for the term of the loan. As of June 30, 2014, $8.5 million remained outstanding under this loan.

Long-term debt consisted of the following at June 30 (in thousands):

	2013		2014

Term loans	$	12,470	$	10,921
Other long-term debt		—		2,334


		12,470		13,255
Less current portion of long-term debt		1,797		2,819


Long-term portion of debt	$	10,673	$	10,436

Fiscal year principal payments of long-term debt as of June 30, 2014 are as follows (in thousands):


2015	$	2,819
2016		2,606
2017		2,304
2018		1,887
2019		1,820
2020 and thereafter		1,819


Total	$	13,255

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

STOCK-BASED COMPENSATION

12 Months Ended

Jun. 30, 2014

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

7. STOCK-BASED COMPENSATION

As of June 30, 2014, the Company maintained two share-based employee compensation plans (the "OSI Plans"): the 2012 Incentive Award Plan ("2012 Plan") and the Amended and Restated 2006 Equity Participation Plan ("2006 Plan"). Upon stockholder approval of the 2012 Plan, the Company ceased to make grants under the 2006 Plan.

The Company recorded stock-based-compensation expense in the consolidated statement of operations as follows (in thousands):

	2012		2013		2014

Cost of goods sold	$	465	$	820	$	887
Selling, general and administrative		7,811		15,394		15,940
Research and development		254		232		156


Stock based compensation expense		8,530		16,446		16,983
Less: Related income tax benefit		3,050		6,123		6,498


Stock based compensation expense, net	$	5,480	$	10,323	$	10,485

As of June 30, 2014, total unrecognized compensation cost related to share-based compensation grants were estimated at $1.0 million for stock options and $14.4 million for restricted stock and restricted stock units ("RSUs") under the OSI Plans. The Company expects to recognize these costs over a weighted-average period of 1.5 years with respect to the options and 2.0 years for grants of restricted stock and RSUs.

Employee Stock Purchase Plan—The Company has an employee stock purchase plan under which eligible employees may purchase a limited number of shares of Common Stock at a discount of up to 15% of the market value of such stock at pre-determined, plan-defined dates. During the three years ended June 30, 2012, 2013 and 2014, employees purchased 82,752, 85,056 and 29,185 shares, respectively. As of June 30, 2014, there were 1,019,200 shares of the Company's Common Stock available for issuance under the plan.

OSI Plans

In September 2012, the Company's Board of Directors approved the 2012 Plan, and in December 2012 the stockholders adopted the 2012 Plan. The 2012 Plan serves as the successor to the 2006 Plan. No new awards will be issued under the 2006 Plan as of the date of stockholder approval of the 2012 Plan. Outstanding awards under the 2006 Plan continue to be subject to the terms and conditions of the 2006 Plan.

Under the 2012 Plan, the Company is authorized to grant awards in the form of incentive options, nonqualified options, restricted stock awards, stock appreciation rights, RSUs, performance shares and stock bonuses, amongst other forms of equity, to qualified employees, directors and consultants.

Under the OSI Plans, the exercise price of nonqualified options and incentive stock options may not be less than the fair market value of the Company's Common Stock on the date of grant. The exercise price of nonqualified options and incentive stock options granted to individuals who own more than 10% of the Company's voting stock may not be less than 110% of the fair market value of the Company's Common Stock on the date of grant. Stock options granted under the OSI Plans typically vest over three years based on continued service. Restricted stock and RSUs typically vest over three to four years based on continued service. Certain restricted stock awards granted to senior management vest based on the achievement of pre-established performance goals.

Stock Option Fair Value Estimation Assumptions. The Company estimates the fair value of its stock options at the date of grant using the Black-Scholes option-pricing valuation model. The Company's valuation model is affected by the Company's stock price as well as weighted average assumptions for a number of subjective variables described below.

Expected Dividend. Expected dividend is based on historical patterns and the Company's anticipated dividend payments over the expected holding period.

Risk-Free Interest Rate. The risk-free interest rate for stock options is based on U.S. Treasuries for a maturity matching the expected holding period.

Expected Volatility. Expected volatility is based on the Company's historical share price volatility matching the expected holding period. No single method of estimating volatility is proper under all circumstances and to the extent that a company can derive implied volatility based on the trading of its financial instruments on a public market, it may be appropriate to use both implied and historical volatility in its assumptions. The Company has certain financial instruments that are publicly traded from which the Company can derive the implied volatility. Therefore, the Company used implied and historical volatility for valuing its stock options. The Company believes that implied and historical volatility is a better indicator of expected volatility because it is generally reflective of both historical volatility and expectations of how future volatility will differ from historical volatility.

Expected Holding Period. The Company uses historical stock option exercise data to estimate the expected holding period.

Changes in assumptions can materially impact the estimated fair value of stock options. The weighted average assumptions used in the valuation model are presented in the table below.



Expected dividend	0	%	0	%	0	%
Risk-free interest rate	0.6	%	0.6	%	1.3	%
Expected volatility	35.6	%	33.0	%	33.0	%
Expected holding period (in years)	4.3		4.3		4.5

The following summarizes stock option activity for fiscal years 2012, 2013 and 2014:

			Weighted- Average Exercise Price			Aggregate Intrinsic Value (in thousands)

Outstanding at June 30, 2011	930,912			18.45
Granted	269,469			35.98
Exercised	(140,385	)		17.75
Expired or forfeited	(599	)		16.72


Outstanding at June 30, 2012	1,059,397			23.01
Granted	90,234			55.37
Exercised	(117,705	)		15.59
Expired or forfeited	(12,193	)		56.36


Outstanding at June 30, 2013	1,019,733			26.33


Granted	10,294			70.59
Exercised	(1,169	)		39.97
Expired or forfeited	(5,867	)		54.06


Outstanding at June 30, 2014	1,022,991			26.60	5.7 years	$	41,114




Exercisable at June 30, 2014	873,511		$	23.53	5.3 years	$	37,750

The per-share weighted-average grant-date fair value of stock options granted under the OSI Plans was $10.67, $15.33 and $20.78 for fiscal 2012, 2013 and 2014, respectively. The total intrinsic value of options exercised during fiscal 2014 was $38,000.

Restricted Stock Awards and Restricted Stock Units—A summary of restricted stock award and restricted stock unit activity for the periods indicated was as follows:

			Weighted- Average Fair Value

Nonvested at June 30, 2011	565,113		$	22.89
Granted	230,597			36.99
Vested	(208,376	)		21.41
Forfeited	(6,866	)		31.10


Nonvested at June 30, 2012	580,468		$	28.93
Granted	296,334			57.29
Vested	(236,070	)		25.83
Forfeited	(13,608	)		43.03


Nonvested at June 30, 2013	627,124		$	43.13
Granted	322,275			63.73
Vested	(283,091	)		39.40
Forfeited	(4,908	)		49.22


Nonvested at June 30, 2014	661,400		$	54.78

The per-share weighted average grant-date fair value of restricted stock and RSUs granted under the OSI Plans was $36.99, $57.29 and $63.73 for fiscal 2012, 2013 and 2014, respectively. The total fair value of shares vested during fiscal 2012, 2013 and 2014 was $4.5 million, $6.1 million and $11.2 million, respectively.

As of June 30, 2014, there were 3,330,177 shares available for grant under the 2012 Plan. Under the terms of the 2012 Plan, RSUs and restricted stock granted from the pool of shares available for grant reduce the pool by 1.87 shares for each award granted. RSUs and restricted stock forfeited and returned to the pool of shares available for grant increase the pool by 1.87 shares for each award forfeited.

The Company granted 75,000, 178,500 and 160,922 performance-based awards during fiscal 2012, 2013 and 2014, respectively. These performance-based restricted stock and RSU awards are contingent on the achievement of certain financial performance metrics. The payout can range from zero to 250% of the original number of shares or units awarded, which are converted into shares of the Company's common stock.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

INCOME TAXES

12 Months Ended

Jun. 30, 2014

INCOME TAXES

INCOME TAXES

8. INCOME TAXES

The following is a geographical breakdown of income before the provision for income taxes (in thousands):

	2012		2013			2014

Pre-tax income (loss):
United States	$	21,335	$	(13,111	)	$	(22,604	)
Foreign		40,648		82,525			98,459


Total pre-tax income	$	61,983	$	69,414		$	75,855

The Company's provision (benefit) for income taxes consists of the following (in thousands):

	2012			2013			2014

Current:
Federal	$	8,176		$	(2,214	)	$	(704	)
State		2,396			(36	)		113
Foreign		7,320			23,925			20,616


Total current provision		17,892			21,675			20,025
Deferred:
Federal	$	(3,565	)	$	(2,422	)	$	(5,366	)
State		(554	)		337			(1,128	)
Foreign		2,662			5,689			14,430


Total deferred provision		(1,457	)		3,604			7,936


Total provision	$	16,435		$	25,279		$	27,961

Stock-based compensation during the fiscal year ended June 30, 2012, 2013 and 2014 resulted in additional tax benefit, and has been reflected as an adjustment of income taxes payable and as an adjustment of additional paid-in capital. The adjustments recorded were $3.2 million, $3.6 million and $4.6 million for the years ended June 30, 2012, 2013 and 2014, respectively.

As of June 30, 2013 and 2014, the Company's liability for uncertain tax positions was $6.9 million and $3.2 million, respectively. Of the $3.2 million, $2.8 million represents the amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate.

The Company recognizes potential interest and penalties related to income tax matters in income tax expense. As of June 30, 2014, the Company had accrued $0.4 million for interest and penalties. The Company's uncertain tax positions are related to tax years that remain subject to examination by the relevant tax authorities. These include fiscal years after 2011 for federal purposes, fiscal years after 2010 for state purposes and fiscal years after 2005 for various foreign jurisdictions. Facts and circumstances could arise that could cause the Company to reduce the liability for unrecognized tax benefits, including, but not limited to, settlement of income tax positions or expiration of statutes of limitation. Since the ultimate resolution of uncertain tax positions depends on many factors and assumptions, the Company is not able to estimate the range of potential changes in the liability for unrecognized tax benefits or the timing of such changes.

A summary of activity of unrecognized tax benefits for fiscal 2012, 2013 and 2014 was as follows (in thousands).


Balance as July 1, 2011	$	7,369
Additions on tax positions for the current year		264
Additions on tax positions from prior years		503
Reduction in tax position from prior year		(1,063	)


Balance as June 30, 2012	$	7,073
Additions on tax positions for the current year		785
Additions on tax positions from prior years		—
Reduction in tax position from prior year		(953	)


Balance at June 30, 2013	$	6,905
Additions on tax positions for the current year		—
Additions on tax positions from prior years		—
Reduction in tax position from prior year		(3,723	)


Balance at June 30, 2014	$	3,182

The Company does not provide for U.S. income taxes on the undistributed earnings of its foreign subsidiaries as it is the Company's intention to utilize those earnings in the foreign operations for an indefinite period of time. At June 30, 2014, undistributed earnings of the foreign subsidiaries amounted to approximately $417 million. The amount of unrecognized deferred tax liability related to these temporary differences is estimated to be approximately $146 million. The amount of tax payable could be significantly impacted by the source location and amount of the distribution, the underlying tax rate already paid on the earnings, foreign withholding taxes and the opportunity to use foreign tax credits.

Deferred income tax assets (liabilities) consisted of the following (in thousands):

	June 30,

	2013			2014
Deferred income tax assets:
Tax credit carryforwards	$	5,680		$	9,314
Net operating loss carryforwards		5,275			5,868
Customer advances		29,574			48,330
Allowance for doubtful accounts		2,511			3,071
Inventory reserve		7,204			7,951
Inventory capitalization		1,363			2,814
Accrued liabilities		4,587			4,667
Stock compensation		11,705			16,633
Other assets		1,317			9,716


Total deferred income tax assets		69,216			108,364
Valuation allowance		(11,081	)		(13,344	)


Net deferred income tax assets		58,135			95,020


Deferred income tax liabilities:
Depreciation		(34,402	)		(58,258	)
State income taxes		(1,239	)		(1,471	)
Amortization of intangible assets		(10,724	)		(11,702	)
Prepaid expenses		(2,297	)		(20,284	)
Other liabilities		(380	)		(3,188	)


Total deferred income tax liabilities		(49,042	)		(94,903	)


Net deferred tax asset	$	9,093		$	117

The components of the net deferred income tax asset are classified in the consolidated balance sheets as follows (in thousands):

	2013			2014

Current deferred income tax asset	$	41,618		$	73,510
Current deferred income tax liability, included in other accrued expenses and current liabilities		(2,677	)		(21,742	)
Long term deferred income tax asset, included in other assets		16,518			21,510
Long term deferred income tax liability		(46,366	)		(73,161	)


Net deferred income tax asset	$	9,093		$	117

The components of current taxes receivable and payable and prepaid taxes are classified in the consolidated balance sheets as follows (in thousands):

	2013			2014

Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets	$	14,149		$	13,126
Current taxes payable		(19,659	)		(20,556	)


Net tax payable		(5,510	)		(7,430	)

As of June 30, 2014, the Company had domestic and foreign net operating loss carryforwards of approximately $22.8 million and $22.5 million, respectively. As of June 30, 2014, the Company had federal and state research and development tax credit carryforwards of approximately $6.5 million and $3.5 million, respectively. As of June 30, 2014, the Company had foreign tax credit carryforwards of $2.5 million. The Company's credit carryforwards will begin to expire in the tax year ending June 30, 2016.

The Company has established valuation allowances that relate to the net operating loss of certain subsidiaries, foreign tax credits and R&D credits. During the year ended June 30, 2014, the Company recorded a net aggregated increase of $2.1 million to these valuation allowances. The Company reviews the adequacy of individual valuation allowances and releases such allowances when it is determined that it is more likely than not that the related benefits will be realized.

The Company recognizes excess tax benefits associated with the exercise of stock options directly to stockholders' equity only when realized. Accordingly, deferred tax assets are not recognized for net operating losses resulting from excess tax benefits. As of June 30, 2014, deferred tax assets do not include approximately $2.1 million of these excess tax benefits from employee stock option exercises that are a component of the Company's net operating loss carry forwards. Accordingly, additional paid-in capital will be increased up to an additional $2.1 million if and when such excess tax benefits are realized. However, to the extent additional paid-in capital has been recognized for qualifying excess tax deductions from previous share-based payments, the write off of the deferred tax asset when the tax deduction is less than recognized compensation cost is charged to additional paid-in capital , with any remainder charged to provision for income taxes.

The consolidated effective income tax rate differs from the federal statutory income tax rate due primarily to the following:

	June 30,

	2012			2013			2014
Provision for income taxes at federal statutory rate		35.0	%		35.0	%		35.0	%
State income taxes and credits—net of federal benefit		1.9			0.3			(0.5	)
Impact to tax rate as a result of accelerating depreciation of certain foreign assets		—			9.8			10.1
Research and development tax credits		(0.5	)		(1.9	)		(0.5	)
Foreign income subject to tax at other than federal statutory rate		(11.0	)		(8.9	)		(7.6	)
Change in valuation allowance		1.6			2.8			2.8
Unrecognized tax benefit		(1.8	)		(2.0	)		(4.3	)
Other		1.3			1.3			1.9


Effective income tax rate		26.5	%		36.4	%		36.9	%

The provision for income taxes consists of provisions for federal, state, and foreign income taxes. The Company operates in an international environment with significant operations in various locations outside the U.S. Accordingly, the consolidated income tax rate is a composite rate reflecting the earnings in the various locations and the applicable rates.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Jun. 30, 2014

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

9. COMMITMENTS AND CONTINGENCIES

The following is a summary of commitments as of June 30, 2014 (in thousands):

	Payments Due by Period

	Total		Less than 1 year		2-3 years		4-5 years		After 5 years
Total debt	$	37,255	$	26,819	$	4,910	$	3,707	$	1,819
Operating leases	$	20,191	$	9,581	$	8,616	$	1,994	$	—
Defined benefit plan obligation	$	8,006	$	162	$	384	$	1,083	$	6,377

Operating Leases—The Company leases facilities and certain equipment under various operating lease agreements. Certain leases provide for periodic rent increases and may contain escalation clauses and renewal options. Rent expense totaled $13.0 million, $13.1 million and $9.9 million for fiscal years 2012, 2013 and 2014, respectively.

Contingent Acquisition Obligations—Under the terms and conditions of the purchase agreements associated with certain acquisitions, the Company may be obligated to make additional payments based on the achievement by the acquired operations of certain sales or profitability milestones. The maximum amount of such future payments under arrangements with contingent consideration caps is $56 million as of June 30, 2014. In addition, one of the purchase agreements the Company entered into requires royalty payments through 2022 based on the license of, or sales of products containing, the technology of CXR Limited, a company acquired in 2004. For acquisitions that occurred prior to fiscal year 2010, the Company accounts for such contingent payments as an addition to the purchase price of the acquired business. Otherwise, the estimated fair value of these obligations is recorded as a liability at the time of the acquisition in the consolidated balance sheets with subsequent revisions reflected in the consolidated statements of operations. As of June 30, 2013 and 2014, $15.4 million and $23.2 million of contingent payment obligations, respectively, are included in Other long-term liabilities in the accompanying consolidated balance sheets. During fiscal 2013 and 2014, the fair values of these contingent obligations were revised and resulted in reductions of $5.4 million and $3.9 million, respectively.

Advances from Customers—The Company receives advances from customers associated with certain projects. In fiscal 2012, the Company entered into an agreement with the Mexican government to provide a turnkey security screening solution along the country's borders, and in its ports and airports. Associated with the agreement, the Company was provided an advance totaling $100 million. The Company is obligated to provide a guarantee until the advance has been amortized. As of June 30, 2014, $75.0 million of this advance remains outstanding.

Environmental Contingencies—The Company is subject to various environmental laws. The Company's practice is to conduct appropriate environmental investigations at its manufacturing facilities in North America, Asia Pacific, and Europe, and, to the extent practicable, on all new properties in order to identify, as of the date of such report, potential areas of environmental concern related to past and present activities or from nearby operations. In certain cases, the Company has conducted further environmental assessments consisting of soil and groundwater testing and other investigations deemed appropriate by independent environmental consultants.

During one investigation at the Company's Hawthorne, California facility, the Company discovered soil and groundwater contamination that it believes was the result of unspecified on- and off-site releases occurring prior to the Company's occupancy. Historical usage of this site includes semiconductor and electronics manufacturing, dating back to the mid-1960s, as well as possible aircraft and related manufacturing dating to the early 1940s. Similar operations, including chemical manufacturing and storage, were conducted at neighboring sites throughout that period and into the 1990s. It is not presently known when the releases occurred or by whom they were caused, though Company records, in conjunction with data obtained from soil and groundwater surveys, support the Company's assertion that these releases are historical in nature. Further, the groundwater contamination is a known regional issue, not limited to the Company's premises or its immediate surroundings. The Company filed the requisite reports concerning this site with the appropriate environmental authorities upon discovery, and in cooperation with the local governing agency has provided additional historical information and conducted further site characterization studies. Recent soil and groundwater investigations, including the installation of groundwater monitoring wells, were completed in fiscal 2014. Results from these studies are being evaluated to determine the extent of the on-site releases and whether any soils remediation will be required. Periodic groundwater monitoring is expected to continue until such time as the governing authority requests further action.

The Company has not accrued for loss contingencies relating to the Hawthorne facility or any other environmental matters because it believes that, although unfavorable outcomes may be possible, they are not considered by the Company's management to be probable and reasonably estimable. If one or more of environmental matters are resolved in a manner adverse to the Company, the impact on the Company's business, financial condition, results of operations, financial position and/or liquidity could be material.

Indemnifications—In the normal course of business, the Company has agreed to indemnify certain parties with respect to certain matters. The Company has agreed to hold certain parties harmless against losses arising from a breach of representations or covenants, or out of intellectual property infringement or other claims made by third parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. In addition, the Company has entered into indemnification agreements with its officers and directors. It is not possible to determine the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. The Company has not recorded any liability for costs related to indemnification as of June 30, 2014.

Legal Proceedings—On December 12, 2013, a putative class action complaint was filed against the Company and certain of its officers in the United States District Court for the Central District of California ("Court") captioned Roberti v. OSI Systems, Inc., et al., Case No. 2:13-cv-09174-MWF-VBK (the "Securities Class Action"). The Amended Complaint, filed on May 20, 2014, alleges that the Company and the individual defendants violated the Securities Exchange Act of 1934 by misrepresenting or failing to disclose facts concerning the status of Rapiscan's efforts to develop Automated Threat Recognition software and the alleged use of unapproved parts in its baggage scanning systems in violation of its contract with the TSA. The Amended Complaint also asserts that the individual defendants allegedly sold stock based on material non-public information. Plaintiff demands a jury trial and seeks class certification, unspecified damages, an award of pre-judgment and post-judgment interest, attorneys' and experts' fees, costs, and other unspecified relief. On July 18, 2014, the Company filed a Motion to Dismiss the Amended Complaint. The Motion is scheduled to be heard on November 3, 2014.

On April 15, 2014, a shareholder derivative complaint was filed in the Court purportedly on behalf of the Company against the members of the Company's Board of Directors (as individual defendants), captioned Hagan v. Chopra, et al., Case No. 2:14-cv-02910-ODW-PJW (the "Derivative Action"). The complaint generally asserts the same factual allegations as those at issue in the related Securities Class Action and purports to allege claims for breach of fiduciary duties and unjust enrichment against the individual defendants on behalf of the Company. The complaint seeks unspecified damages, restitution, injunctive relief, attorneys' and experts' fees, costs, expenses, and other unspecified relief. The Derivative Action is currently stayed pending the resolution of the Motion to Dismiss in the Securities Class Action.

While the Company believes that the Securities Class Action and the Derivative Action are without merit and intends to defend the litigation vigorously, it expects to incur costs associated with defending the Securities Class Action and the Derivative Action. At this early stage of the litigations, the ultimate outcomes of the Securities Class Action and the Derivative Action are uncertain and the Company cannot reasonably predict the timing or outcomes, or estimate the amount of loss, if any, or their effect, if any, on its financial statements.

The Company is involved in various other claims and legal proceedings arising in the ordinary course of business. In the Company's opinion after consultation with legal counsel, the ultimate disposition of such proceedings is not likely to have a material adverse effect on its business, financial condition, results of operations or cash flows. The Company has not accrued for loss contingencies relating to such matters because the Company believes that, although unfavorable outcomes in the proceedings may be possible, they are not considered by management to be probable or reasonably estimable. If one or more of these matters are resolved in a manner adverse to the Company, the impact on the Company's business, financial condition, results of operations and/or liquidity could be material.

Other Matters—On December 5, 2013, the Company's Security division was notified by the TSA that a delivery order that it had received on September 26, 2013, for baggage and handling inspection systems was being terminated for default. The termination resulted from the use of an upgraded X-ray generator component. While the component had been vetted by the Security division's internal quality assurance, the Security division had not met the contractual requirement of obtaining the TSA's approval in advance. The upgraded X-ray generator component has since been approved for use by the TSA. As a result of this termination for default, the Security division was referred to the DHS for further review. Although the results of this review cannot be determined at this time, among other consequences, the Security division could be barred from conducting future business with the U.S. Government for a period of time. The Security division is continuing to work to complete the review process with the DHS, but the timing of the completion of this process and the ultimate outcome are currently unknown.

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Jun. 30, 2014
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	10. STOCKHOLDERS' EQUITY Stock Repurchase Program The Company's Board of Directors has authorized a Common Stock repurchase program. During fiscal 2012, 2013 and 2014, the Company repurchased 67,037 shares, 200,732 shares and 165,845 shares, respectively, under this program. As of June 30, 2014, 1,219,195 shares were available for additional repurchase under the program. Upon repurchase, the shares were restored to the status of authorized but unissued shares in the accompanying Consolidated Financial Statements.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

RELATED-PARTY TRANSACTIONS	12 Months Ended
RELATED-PARTY TRANSACTIONS	Jun. 30, 2014
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS	11. RELATED-PARTY TRANSACTIONS In 1994, the Company, together with an unrelated company, formed ECIL-Rapiscan Security Products Limited, a joint venture organized under the laws of India. The Company owns a 36% interest in the joint venture, the Company's Chairman and Chief Executive Officer owns a 10.5% interest, and the Company's Executive Vice President and President of the Company's Security division owns a 4.5% ownership interest. The Company's initial investment was approximately $0.1 million. For the years ended June 30, 2012 and 2013, the Company's equity earnings in the joint venture were approximately $0.4 million and $0.1 million, respectively. There was no equity earnings in the joint venture recognized for the year ended June 30, 2014. The Company, its Chairman and Chief Executive Officer and the Company's Executive Vice President and President of the Company's Security division collectively control less than 50% of the board of directors voting power in the joint venture. As a result, the Company accounts for the investment under the equity method of accounting. The joint venture was formed for the purpose of the manufacture, assembly, service and testing of security and inspection systems and other products. Some of the Company's subsidiaries are suppliers to the joint venture partner, which in turn manufactures and sells the resulting products. Sales to the joint venture partner for fiscal 2012, 2013 and 2014 were approximately $5.8 million, $5.7 million and $5.2 million, respectively. Receivables from the joint venture were $0.3 million and $0.6 million as of June 30, 2013 and 2014, respectively. The Company has contracted with entities owned by its Chief Executive Officer and/or his family members to provide messenger service, auto rental and printing services. Such expenses for 2012, 2013 and 2014 were approximately $79,000, $76,000 and $31,000, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

EMPLOYEE BENEFIT PLANS

12 Months Ended

Jun. 30, 2014

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS

12. EMPLOYEE BENEFIT PLANS

Employee Retirement Savings Plans

The Company has various qualified employee retirement savings plans. Participants can contribute certain amounts to the plans and the Company matches a certain portion of employee contributions. The Company contributed approximately $3.9 million, $3.7 million and $4.1 million to the plans for the fiscal years ended June 30, 2012, 2013 and 2014, respectively.

Deferred Compensation Plan

The Company has a deferred compensation plan, which meets the requirements for deferred compensation under Section 409A of the Internal Revenue Code. The plan provides that selected employees are eligible to defer up to 80% of their salaries and up to 100% of their bonuses. The Company may also make employer contributions to participant accounts in certain circumstances. The benefits under this plan are unsecured. Participants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment for any reason or at a later date to comply with the restrictions of Section 409A. Discretionary Company contributions and the related earnings are subject to a vesting schedule dependent upon years of service to the Company and, also, vest completely upon the participant's disability or death while employed by the Company or immediately prior to a change of control. The Company made contributions of $0.7 million, $0.6 million and $0.6 million during fiscal year 2012, 2013 and 2014, respectively. As of June 30, 2014, the Company held assets of $12.7 million and liabilities of $12.5 million. Assets related to this plan are included in other assets and liabilities related to this plan are included in other long-term liabilities in the consolidated balance sheets. The plan liabilities include accrued employer contributions not yet funded to the plan.

Employee Pension Plans

The Company sponsors a number of qualified and nonqualified pension plans for its employees at certain locations. In accordance with accounting standards for employee pension and postretirement benefits, the Company fully recognizes the overfunded or underfunded status of each of its defined benefit plans as an asset or liability in the consolidated balance sheets. The asset or liability equals the difference between the fair value of the plans' assets and their benefit obligations. The liabilities associated with underfunded plans are classified as noncurrent, except to the extent the fair value of the plans' assets is less than the plans' estimated benefit payments over the next 12 months. The Company measures its pension and postretirement benefit plans' assets and benefit obligations as of June 30.

The following provides a reconciliation of the changes in the plans' benefit obligations and fair value of assets for fiscal years 2013 and 2014, and a statement of the funded status as of June 30, 2013 and 2014 (in thousands):

	2013			2014

Change in Benefit Obligation
Benefit obligation at beginning of year	$	11,758		$	12,753
Translation adjustment		(53	)		568
Service costs		70			58
Interest costs		635			697
Actuarial (gain) loss		562			(196	)
Benefits paid		(219	)		(190	)


Benefit obligation at end of year		12,753			13,690


Change in Plan Assets
Fair value of plan assets at beginning of year		6,030			6,523
Translation adjustment		(82	)		512
Actual return on plan assets		487			479
Company contributions		251			333
Benefits paid		(163	)		(136	)


Fair value of plan assets at end of year		6,523			7,711


Funded status		(6,230	)		(5,979	)
Unrecognized net actuarial loss		—			—


Net amount recognized	$	(6,230	)	$	(5,979	)




Amount recognized in consolidated balance sheets consist of:
Investments	$	248		$	856
Accrued pension liability		(6,478	)		(6,835	)
Accumulated other comprehensive income		3,651			2,752

The following table provides the net periodic benefit costs for each of the fiscal years ended June 30, (in thousands):

	2012			2013			2014

Net Periodic Benefit Costs
Service costs	$	54		$	70		$	58
Interest costs		487			635			697
Expected return on plan assets		(359	)		(360	)		(393	)
Amortization of prior service costs		335			615			615
Recognized actuarial loss		109			197			144


Net periodic benefit cost	$	626		$	1,157		$	1,121

Plan Assumptions



Weighted average assumptions at year-end:
Discount rate	5.3	%	5.1	%
Expected return on plan assets	5.5	%	5.7	%
Rate of compensation increase	3.1	%	3.2	%

The long term return on assets has been derived from the weighted average of assumed returns on each of the major asset categories. The weighted average is based on the actual proportion of each major asset class held, rather than a benchmark portfolio of assets. The expected returns for each major asset class have been derived from a combination of both historical market returns and current market data as well as the views of a range of investment managers.

Plan Assets and Investment Policy

	Fiscal year ended June 30, 2013						Fiscal year ended June 30, 2014

	Proportion of Fair Value			Expected Rate of Return			Proportion of Fair Value			Expected Rate of Return
Equity securities		50	%		8	%		55	%		8	%
Debt securities		38	%		2	%		36	%		2	%
Other		12	%		6	%		9	%		5	%


Combined		100	%		5.5	%		100	%		5.7	%

The defined benefit plans' assets are invested in a range of pooled investment funds that provide access to a diverse range of asset classes. The investment objective is to maximize the investment return over the long term without exposing the fund to an unnecessary level of risk. Within this objective, it is recognized that benefits will be secured by the purchase of annuities at the time of employee retirement.

The benchmark is to hold assets in both equity and debt securities. The proportion in each investment class is not mandated and is allowed to fluctuate with market movements. The equity holdings are maintained in balanced funds under the control of investment managers.

Day-to-day equities selection decisions are delegated to investment managers, although these are monitored against performance and risk targets. Due to the nature of the pooled funds, there are no significant holdings in any single company (greater than 5% of the total assets). The investment strategy is reviewed on a regular basis, based on the results of third-party liability studies.

Projected Benefit Payments

The following table reflects estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost, as of June 30, 2014 (in thousands):

	Pension Benefits

July 1, 2014 to June 30, 2015	$	162
July 1, 2015 to June 30, 2016		176
July 1, 2016 to June 30, 2017		208
July 1, 2017 to June 30, 2018		263
July 1, 2018 to June 30, 2019		820
July 1, 2019 to June 30, 2024		6,377

Company Contribution

As of June 30, 2014, the Company's weighted average contribution rate is 1% of pensionable salaries. If Company contributions continue at the current rate, the estimated total Company contributions for fiscal 2015 will be approximately $0.1 million.

SEGMENT INFORMATION

12 Months Ended

Jun. 30, 2014

SEGMENT INFORMATION

SEGMENT INFORMATION

13. SEGMENT INFORMATION

The Company has determined that it operates in three identifiable industry segments: (a) security and inspection systems (Security division), (b) medical monitoring and anesthesia systems (Healthcare division) and (c) optoelectronic devices and manufacturing (Optoelectronics and Manufacturing division). The Company also has a corporate segment (Corporate) that includes executive compensation and certain other general and administrative expenses; expenses related to stock issuances; and legal and audit and other professional service fees not allocated to product segments. Both the Security and Healthcare divisions comprise primarily end-product businesses whereas the businesses of the Optoelectronics and Manufacturing division primarily supply components and subsystems to original equipment manufacturers, including to the Security and Healthcare divisions. Sales between divisions are at transfer prices that approximate market values. All other accounting policies of the segments are the same as described in Note 1, Summary of Significant Accounting Policies.

The following tables present the operations and identifiable assets by industry segment (in thousands):

	2012

	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	391,808	$	235,548	$	165,634	$	—		$	—		$	792,990
Revenue between product segments		—		—		45,169		—			(45,169	)		—


Total revenues	$	391,808	$	235,548	$	210,803	$	—			(45,169	)	$	792,990




Income (loss) from operations	$	30,552	$	28,330	$	18,743	$	(11,887	)	$	202		$	65,940




Segments assets	$	351,668	$	162,583	$	132,281	$	109,405		$	(6,041	)	$	749,896




Capital expenditures	$	56,848	$	5,158	$	4,552	$	1,932		$	—		$	68,490




Depreciation and amortization	$	7,819	$	7,640	$	3,876	$	864		$	—		$	20,199

	2013

	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	372,164	$	231,331	$	198,552	$	—		$	—		$	802,047
Revenue between product segments		—		—		40,548		—			(40,548	)		—


Total revenues	$	372,164	$	231,331	$	239,100	$	—			(40,548	)	$	802,047




Income (loss) from operations	$	43,748	$	25,224	$	18,213	$	(14,002	)	$	1,255		$	74,438




Segments assets	$	519,081	$	192,994	$	156,784	$	79,372		$	4,508		$	952,739




Capital expenditures	$	131,314	$	8,198	$	3,185	$	14,670		$	—		$	157,367




Depreciation and amortization	$	15,412	$	6,674	$	4,169	$	1,252		$	—		$	27,507

	2014

	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	440,439	$	222,313	$	243,990	$	—		$	—		$	906,742
Revenue between product segments		—		—		40,506		—			(40,506	)		—


Total revenues	$	440,439	$	222,313	$	284,496	$	—			(40,506	)	$	906,742




Income (loss) from operations	$	59,501	$	18,495	$	14,663	$	(11,497	)	$	133		$	81,295




Segments assets	$	535,306	$	190,612	$	169,084	$	133,836		$	(4,652	)	$	1,024,186




Capital expenditures	$	38,066	$	6,718	$	2,801	$	7,013		$	—		$	54,598




Depreciation and amortization	$	40,573	$	7,289	$	4,971	$	1,406		$	—		$	54,239

The following tables present the revenues and identifiable assets by geographical area (in thousands):

	2012

	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	505,946	$	10,446		$	516,392		$	49,717	$	149,911
Mexico		16,866		—			16,866			59,200		59,200
Other Americas		19,366		—			19,366			11,285		11,865


Total Americas		542,178		10,446			552,624			120,202		220,976
United Kingdom		132,579		—			132,579			14,320		27,835
Other EMEA (1)		20,561		—			20,561			821		4,984


Total EMEA		153,140		—			153,140			15,141		32,819
APAC (2)		97,672		34,723			132,395			13,456		14,894
Eliminations		—		(45,169	)		(45,169	)		N/A		N/A


Total	$	792,990	$	—		$	792,990		$	148,799	$	268,689

	2013

	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	441,376	$	15,598		$	456,974		$	35,726	$	132,570
Mexico		78,695		—			78,695			201,469		201,469
Other Americas		19,674		—			19,674			10,057		11,395


Total Americas		539,745		15,598			555,343			247,252		345,434
United Kingdom		146,261		—			146,261			10,816		26,183
Other EMEA (1)		17,673		—			17,673			699		5,033


Total EMEA		163,934		—			163,934			11,515		31,216
APAC (2)		98,368		24,950			123,318			13,984		16,448
Eliminations		—		(40,548	)		(40,548	)		N/A		N/A


Total	$	802,047	$	—		$	802,047		$	272,751	$	393,098

	2014

	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	451,503	$	7,303		$	458,806		$	42,933	$	144,239
Mexico		130,330		—			130,330			191,512		191,512
Other Americas		20,914		—			20,914			7,059		7,059


Total Americas		602,747		7,303			610,050			241,504		342,810
United Kingdom		151,962		—			151,962			24,257		52,110
Other EMEA (1)		18,543		—			18,543			5,807		10,317


Total EMEA		170,505		—			170,505			30,064		62,427
APAC (2)		133,490		33,203			166,693			15,657		18,210
Eliminations		—		(40,506	)		(40,506	)		N/A		N/A


Total	$	906,742	$	—		$	906,742		$	287,225	$	423,447

(1): Europe, Middle East and Africa
(2): Asia-Pacific

Pursuant to Accounting Standards Codification 280 "Segment Reporting," external revenues are attributed to individual countries based upon the location of the Company's selling entity.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

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-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

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-Paragraph 33

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

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-Publisher FASB

-Name Accounting Standards Codification

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+ Details

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jun. 30, 2014

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
(in thousands)

			Additions

Description	Balance at beginning of period		Charged to costs and expenses		Charged in other accounts		Deductions- Write-offs		Balance at end of period
Balance for doubtful accounts:
Year ended June 30, 2012	$	5,793	$	582	$	—	$	1,321	$	5,054




Year ended June 30, 2013	$	5,054	$	3,563	$	—	$	1,340	$	7,277




Year ended June 30, 2014	$	7,277	$	193	$	—	$	1,779	$	5,691




Balance for warranty reserve:
Year ended June 30, 2012	$	14,530	$	8,620	$	—	$	5,588	$	17,562




Year ended June 30, 2013	$	17,562	$	1,948	$	—	$	6,620	$	12,890




Year ended June 30, 2014	$	12,890	$	5,573	$	—	$	6,540	$	11,923

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Jun. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

Cash Equivalents—The Company considers all highly liquid investments purchased with maturities of approximately three months or less as of the acquisition date to be cash equivalents.

Accounts Receivable

Components of accounts receivable consisted of:

	June 30,

	2013			2014
Billed receivables	$	179,458		$	189,489
Unbilled receivables		34,636			1,975
Less allowance for doubtful accounts		(7,277	)		(5,691	)


Total	$	206,817		$	185,773

Inventories

Property and Equipment

Goodwill and Other Intangible Assets and Valuation of Long-Lived Assets

Income Taxes

Fair Value of Financial Instruments

The following is a summary of the investments carried at fair value (in thousands):

	Level 1		Level 2		June 30, 2013		Level 1		Level 2		June 30, 2014

Equity securities		316		—		316		914		—		914
Insurance company contracts		—		13,914		13,914		—		17,383		17,383
Interest rate contract		—		66		66		—		28		28


Total	$	316	$	13,980	$	14,296	$	914	$	17,411	$	18,325

Derivative Instruments and Hedging Activity

Revenue Recognition

Freight

Freight—The Company records shipping and handling fees it charges to its customers as revenue and related costs as cost of goods sold.

Research and Development Costs

Stock-Based Compensation

Impairment, Restructuring and Other Charges

Credit Risk and Concentration

Foreign Currency Translation

Business Combinations

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share for the fiscal years ended June 30 (in thousands, except earnings per share data):

	2012		2013		2014

Net income available to common stockholders	$	45,548	$	44,135	$	47,894




Weighted average shares outstanding—basic		19,732		19,956		19,952
Dilutive effect of stock options		598		612		635


Weighted average of shares outstanding—diluted		20,330		20,568		20,587




Basic earnings per share	$	2.31	$	2.21	$	2.40




Diluted earnings per share	$	2.24	$	2.15	$	2.33

Provision for Warranties

	Provision for Warranties (in thousands)

Balance on June 30, 2011	$	14,530
Warranty claims provision		8,620
Settlements made		(5,588	)


Balance on June 30, 2012	$	17,562
Warranty claims provision		1,948
Settlements made		(6,620	)


Balance on June 30, 2013	$	12,890
Warranty claims provision		5,573
Settlements made		(6,540	)


Balance on June 30, 2014	$	11,923

Recent Accounting Updates Not Yet Adopted

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Components of accounts receivable

	June 30,

	2013			2014
Billed receivables	$	179,458		$	189,489
Unbilled receivables		34,636			1,975
Less allowance for doubtful accounts		(7,277	)		(5,691	)


Total	$	206,817		$	185,773

Summary of the investments carried at fair value

The following is a summary of the investments carried at fair value (in thousands):

	Level 1		Level 2		June 30, 2013		Level 1		Level 2		June 30, 2014

Equity securities		316		—		316		914		—		914
Insurance company contracts		—		13,914		13,914		—		17,383		17,383
Interest rate contract		—		66		66		—		28		28


Total	$	316	$	13,980	$	14,296	$	914	$	17,411	$	18,325

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted earnings per share for the fiscal years ended June 30 (in thousands, except earnings per share data):

	2012		2013		2014

Net income available to common stockholders	$	45,548	$	44,135	$	47,894




Weighted average shares outstanding—basic		19,732		19,956		19,952
Dilutive effect of stock options		598		612		635


Weighted average of shares outstanding—diluted		20,330		20,568		20,587




Basic earnings per share	$	2.31	$	2.21	$	2.40




Diluted earnings per share	$	2.24	$	2.15	$	2.33

Schedule of provision for warranties

	Provision for Warranties (in thousands)

Balance on June 30, 2011	$	14,530
Warranty claims provision		8,620
Settlements made		(5,588	)


Balance on June 30, 2012	$	17,562
Warranty claims provision		1,948
Settlements made		(6,620	)


Balance on June 30, 2013	$	12,890
Warranty claims provision		5,573
Settlements made		(6,540	)


Balance on June 30, 2014	$	11,923

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jun. 30, 2014

PROPERTY AND EQUIPMENT

Schedule of property and equipment

Property and equipment consisted of the following (in thousands):

		June 30,

	Estimated Useful Lives	June 30,
	Estimated Useful Lives	2013			2014
Land	N/A	$	8,365		$	13,651
Buildings and improvements	5-40 years		102,187			163,952
Leasehold improvements	1-25 years		9,302			9,744
Equipment and tooling	3-10 years		135,437			154,367
Furniture and fixtures	3-13 years		3,551			4,017
Computer equipment	3-5 years		14,309			17,466
Computer software	3-10 years		15,209			15,670
Construction in process	N/A		48,713			12,650


Total			337,073			391,517
Less accumulated depreciation and amortization			(88,044	)		(131,038	)


Property and equipment, net		$	249,029		$	260,479

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2014

GOODWILL AND INTANGIBLE ASSETS

Schedule of carrying amount of goodwill

The changes in the carrying amount of goodwill for fiscal 2013 and 2014 are as follows (in thousands):

	Security Division		Healthcare Division			Optoelectronics and Manufacturing Division			Consolidated

Balance as of June 30, 2012	$	27,583	$	35,887		$	18,679		$	82,149
Goodwill acquired or adjusted during the period		798		—			701			1,499
Foreign currency translation adjustment		165		(60	)		(10	)		95


Balance as of June 30, 2013	$	28,546	$	35,827		$	19,370		$	83,743
Goodwill acquired or adjusted during the period		784		1,018			5,730			7,532
Foreign currency translation adjustment		177		392			763			1,332


Balance as of June 30, 2014	$	29,507	$	37,237		$	25,863		$	92,607

Schedule of intangible assets

Intangible assets subject to amortization consisted of the following (in thousands):

		June 30, 2013						June 30, 2014

	Weighted Average Lives	Gross Carrying Value		Accumulated Amortization		Intangibles Net		Gross Carrying Value		Accumulated Amortization		Intangibles Net
Amortizable assets:
Software development costs	7 years	$	17,350	$	5,396	$	11,954	$	21,165	$	6,716	$	14,449
Patents	20 years		5,400		635		4,765		6,566		765		5,801
Core technology	10 years		2,058		1,728		330		2,289		2,150		139
Developed technology	11 years		20,002		14,620		5,382		18,308		11,559		6,749
Customer relationships/backlog	7 years		9,178		5,624		3,554		11,419		7,011		4,408


Total amortizable assets			53,988		28,003		25,985		59,747		28,201		31,546
Non-amortizable assets:
Trademarks			10,618		—		10,618		12,069		—		12,069


Total intangible assets		$	64,606	$	28,003	$	36,603	$	71,816	$	28,201	$	43,615

Schedule of estimated future amortization expense

At June 30, 2014, estimated future amortization expense was as follows (in thousands):


2015	$	3,019
2016		2,902
2017		3,073
2018		3,059
2019		2,906
Thereafter, including assets that have not yet begun to be amortized		16,587


Total	$	31,546

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Tables)

12 Months Ended

Jun. 30, 2014

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

Summary of the impairment, restructuring and other charges

	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate		Consolidated

Accrued balance as of June 30, 2011	$	465	$	179	$	104	$	28	$	776
Expensed during the year
Facility closure		—		—		233		—		233
Employee termination costs		290		170		698		—		1,158


Total expensed during year		290		170		931		—		1,391
Paid or incurred during the year		458		179		1,029		19		1,685


Accrued balance as of June 30, 2012	$	297	$	170	$	6	$	9	$	482




Expensed during the year
Facility closure		—		2,309		344		—		2,653
Employee termination costs		781		57		246		—		1,084
Charges related to contract settlement		3,155		—		—		—		3,155
Impairment of software development costs		1,095		—		—		—		1,095


Total expensed during the year		5,031		2,366		590		—		7,987
Paid or incurred during the year		4,285		897		530		9		5,721


Accrued balance as of June 30, 2013	$	1,043	$	1,639	$	66		—	$	2,748




Expensed during the year
Facility closure / consolidations (1)		—		2,009		763		—		2,772
Employee termination costs (2)		886		—		669		—		1,555
Charges related to government contract issues (3)		5,798		—		—		—		5,798
Charges related to class action litigation		—		—		—		594		594
Debt restructuring (4)		—		—		—		1,325		1,325


Total expensed during the year		6,684		2,009		1,432		1,919		12,044
Paid or incurred during the year		5,912		2,598		1,430		1,919		11,859


Accrued balance as of June 30, 2014	$	1,815	$	1,050	$	68		—	$	2,933

(1): The facility closure within the Healthcare division began in fiscal 2013 and was completed during the first quarter of fiscal 2014. The facility consolidations within the Optoelectronics and Manufacturing division began during the first quarter of fiscal 2014 and are expected to be completed during first half of fiscal 2015.
(2): The employee termination costs within the Security division were incurred as a result of management restructuring. The employee termination costs within the Optoelectronics and Manufacturing division related to facility consolidations.
(3): These costs related to contract issues with the TSA and other U.S. Government agencies. These costs include removal, storage and refurbishing costs for products previously sold to the TSA as required by the termination, and legal and other costs.
(4): Debt restructuring costs relate to the amendment of the Company's credit agreement that was completed in the fourth quarter of fiscal 2014.

LINE-OF-CREDIT BORROWINGS AND DEBT (Tables)

12 Months Ended

Jun. 30, 2014

LINE-OF-CREDIT BORROWINGS AND DEBT

Schedule of long-term debt

Long-term debt consisted of the following at June 30 (in thousands):

	2013		2014

Term loans	$	12,470	$	10,921
Other long-term debt		—		2,334


		12,470		13,255
Less current portion of long-term debt		1,797		2,819


Long-term portion of debt	$	10,673	$	10,436

Schedule of fiscal year principal payments of long-term debt

Fiscal year principal payments of long-term debt as of June 30, 2014 are as follows (in thousands):


2015	$	2,819
2016		2,606
2017		2,304
2018		1,887
2019		1,820
2020 and thereafter		1,819


Total	$	13,255

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 30, 2014

STOCK-BASED COMPENSATION

Schedule of stock-based compensation expense recorded in the consolidated statement of operations

The Company recorded stock-based-compensation expense in the consolidated statement of operations as follows (in thousands):

	2012		2013		2014

Cost of goods sold	$	465	$	820	$	887
Selling, general and administrative		7,811		15,394		15,940
Research and development		254		232		156


Stock based compensation expense		8,530		16,446		16,983
Less: Related income tax benefit		3,050		6,123		6,498


Stock based compensation expense, net	$	5,480	$	10,323	$	10,485

Schedule of weighted average assumptions used to determine the fair value calculations for stock options issued



Expected dividend	0	%	0	%	0	%
Risk-free interest rate	0.6	%	0.6	%	1.3	%
Expected volatility	35.6	%	33.0	%	33.0	%
Expected holding period (in years)	4.3		4.3		4.5

Summary of stock option activity

			Weighted- Average Exercise Price			Aggregate Intrinsic Value (in thousands)

Outstanding at June 30, 2011	930,912			18.45
Granted	269,469			35.98
Exercised	(140,385	)		17.75
Expired or forfeited	(599	)		16.72


Outstanding at June 30, 2012	1,059,397			23.01
Granted	90,234			55.37
Exercised	(117,705	)		15.59
Expired or forfeited	(12,193	)		56.36


Outstanding at June 30, 2013	1,019,733			26.33


Granted	10,294			70.59
Exercised	(1,169	)		39.97
Expired or forfeited	(5,867	)		54.06


Outstanding at June 30, 2014	1,022,991			26.60	5.7 years	$	41,114




Exercisable at June 30, 2014	873,511		$	23.53	5.3 years	$	37,750

Summary of restricted stock award and restricted stock unit activity

			Weighted- Average Fair Value

Nonvested at June 30, 2011	565,113		$	22.89
Granted	230,597			36.99
Vested	(208,376	)		21.41
Forfeited	(6,866	)		31.10


Nonvested at June 30, 2012	580,468		$	28.93
Granted	296,334			57.29
Vested	(236,070	)		25.83
Forfeited	(13,608	)		43.03


Nonvested at June 30, 2013	627,124		$	43.13
Granted	322,275			63.73
Vested	(283,091	)		39.40
Forfeited	(4,908	)		49.22


Nonvested at June 30, 2014	661,400		$	54.78

INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2014

INCOME TAXES

Schedule of geographical breakdown of income before the provision (benefit) for income taxes

The following is a geographical breakdown of income before the provision for income taxes (in thousands):

	2012		2013			2014

Pre-tax income (loss):
United States	$	21,335	$	(13,111	)	$	(22,604	)
Foreign		40,648		82,525			98,459


Total pre-tax income	$	61,983	$	69,414		$	75,855

Schedule of provision (benefit) for income taxes

The Company's provision (benefit) for income taxes consists of the following (in thousands):

	2012			2013			2014

Current:
Federal	$	8,176		$	(2,214	)	$	(704	)
State		2,396			(36	)		113
Foreign		7,320			23,925			20,616


Total current provision		17,892			21,675			20,025
Deferred:
Federal	$	(3,565	)	$	(2,422	)	$	(5,366	)
State		(554	)		337			(1,128	)
Foreign		2,662			5,689			14,430


Total deferred provision		(1,457	)		3,604			7,936


Total provision	$	16,435		$	25,279		$	27,961

Summary of activity of unrecognized tax benefits

A summary of activity of unrecognized tax benefits for fiscal 2012, 2013 and 2014 was as follows (in thousands).


Balance as July 1, 2011	$	7,369
Additions on tax positions for the current year		264
Additions on tax positions from prior years		503
Reduction in tax position from prior year		(1,063	)


Balance as June 30, 2012	$	7,073
Additions on tax positions for the current year		785
Additions on tax positions from prior years		—
Reduction in tax position from prior year		(953	)


Balance at June 30, 2013	$	6,905
Additions on tax positions for the current year		—
Additions on tax positions from prior years		—
Reduction in tax position from prior year		(3,723	)


Balance at June 30, 2014	$	3,182

Schedule of deferred income tax assets (liabilities)

Deferred income tax assets (liabilities) consisted of the following (in thousands):

	June 30,

	2013			2014
Deferred income tax assets:
Tax credit carryforwards	$	5,680		$	9,314
Net operating loss carryforwards		5,275			5,868
Customer advances		29,574			48,330
Allowance for doubtful accounts		2,511			3,071
Inventory reserve		7,204			7,951
Inventory capitalization		1,363			2,814
Accrued liabilities		4,587			4,667
Stock compensation		11,705			16,633
Other assets		1,317			9,716


Total deferred income tax assets		69,216			108,364
Valuation allowance		(11,081	)		(13,344	)


Net deferred income tax assets		58,135			95,020


Deferred income tax liabilities:
Depreciation		(34,402	)		(58,258	)
State income taxes		(1,239	)		(1,471	)
Amortization of intangible assets		(10,724	)		(11,702	)
Prepaid expenses		(2,297	)		(20,284	)
Other liabilities		(380	)		(3,188	)


Total deferred income tax liabilities		(49,042	)		(94,903	)


Net deferred tax asset	$	9,093		$	117

Schedule of components of net deferred income tax asset

The components of the net deferred income tax asset are classified in the consolidated balance sheets as follows (in thousands):

	2013			2014

Current deferred income tax asset	$	41,618		$	73,510
Current deferred income tax liability, included in other accrued expenses and current liabilities		(2,677	)		(21,742	)
Long term deferred income tax asset, included in other assets		16,518			21,510
Long term deferred income tax liability		(46,366	)		(73,161	)


Net deferred income tax asset	$	9,093		$	117

Schedule of components of current taxes receivable and payable and prepaid taxes

The components of current taxes receivable and payable and prepaid taxes are classified in the consolidated balance sheets as follows (in thousands):

	2013			2014

Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets	$	14,149		$	13,126
Current taxes payable		(19,659	)		(20,556	)


Net tax payable		(5,510	)		(7,430	)

Schedule of consolidated effective income tax rate different from the federal statutory income tax rate

	June 30,

	2012			2013			2014
Provision for income taxes at federal statutory rate		35.0	%		35.0	%		35.0	%
State income taxes and credits—net of federal benefit		1.9			0.3			(0.5	)
Impact to tax rate as a result of accelerating depreciation of certain foreign assets		—			9.8			10.1
Research and development tax credits		(0.5	)		(1.9	)		(0.5	)
Foreign income subject to tax at other than federal statutory rate		(11.0	)		(8.9	)		(7.6	)
Change in valuation allowance		1.6			2.8			2.8
Unrecognized tax benefit		(1.8	)		(2.0	)		(4.3	)
Other		1.3			1.3			1.9


Effective income tax rate		26.5	%		36.4	%		36.9	%

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Jun. 30, 2014

EMPLOYEE BENEFIT PLANS

Schedule of the changes in the plans benefit obligations, fair value of assets and funded status

	2013			2014

Change in Benefit Obligation
Benefit obligation at beginning of year	$	11,758		$	12,753
Translation adjustment		(53	)		568
Service costs		70			58
Interest costs		635			697
Actuarial (gain) loss		562			(196	)
Benefits paid		(219	)		(190	)


Benefit obligation at end of year		12,753			13,690


Change in Plan Assets
Fair value of plan assets at beginning of year		6,030			6,523
Translation adjustment		(82	)		512
Actual return on plan assets		487			479
Company contributions		251			333
Benefits paid		(163	)		(136	)


Fair value of plan assets at end of year		6,523			7,711


Funded status		(6,230	)		(5,979	)
Unrecognized net actuarial loss		—			—


Net amount recognized	$	(6,230	)	$	(5,979	)




Amount recognized in consolidated balance sheets consist of:
Investments	$	248		$	856
Accrued pension liability		(6,478	)		(6,835	)
Accumulated other comprehensive income		3,651			2,752

Schedule of net periodic pension expense

The following table provides the net periodic benefit costs for each of the fiscal years ended June 30, (in thousands):

	2012			2013			2014

Net Periodic Benefit Costs
Service costs	$	54		$	70		$	58
Interest costs		487			635			697
Expected return on plan assets		(359	)		(360	)		(393	)
Amortization of prior service costs		335			615			615
Recognized actuarial loss		109			197			144


Net periodic benefit cost	$	626		$	1,157		$	1,121

Schedule of plan assumptions



Weighted average assumptions at year-end:
Discount rate	5.3	%	5.1	%
Expected return on plan assets	5.5	%	5.7	%
Rate of compensation increase	3.1	%	3.2	%

Schedule of plan assets and investment policy

	Fiscal year ended June 30, 2013						Fiscal year ended June 30, 2014

	Proportion of Fair Value			Expected Rate of Return			Proportion of Fair Value			Expected Rate of Return
Equity securities		50	%		8	%		55	%		8	%
Debt securities		38	%		2	%		36	%		2	%
Other		12	%		6	%		9	%		5	%


Combined		100	%		5.5	%		100	%		5.7	%

Schedule of estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost

The following table reflects estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost, as of June 30, 2014 (in thousands):

	Pension Benefits

July 1, 2014 to June 30, 2015	$	162
July 1, 2015 to June 30, 2016		176
July 1, 2016 to June 30, 2017		208
July 1, 2017 to June 30, 2018		263
July 1, 2018 to June 30, 2019		820
July 1, 2019 to June 30, 2024		6,377

SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 30, 2014

SEGMENT INFORMATION

Schedule of operations and identifiable assets by industry segment

The following tables present the operations and identifiable assets by industry segment (in thousands):

	2012

	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	391,808	$	235,548	$	165,634	$	—		$	—		$	792,990
Revenue between product segments		—		—		45,169		—			(45,169	)		—


Total revenues	$	391,808	$	235,548	$	210,803	$	—			(45,169	)	$	792,990




Income (loss) from operations	$	30,552	$	28,330	$	18,743	$	(11,887	)	$	202		$	65,940




Segments assets	$	351,668	$	162,583	$	132,281	$	109,405		$	(6,041	)	$	749,896




Capital expenditures	$	56,848	$	5,158	$	4,552	$	1,932		$	—		$	68,490




Depreciation and amortization	$	7,819	$	7,640	$	3,876	$	864		$	—		$	20,199

	2013

	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	372,164	$	231,331	$	198,552	$	—		$	—		$	802,047
Revenue between product segments		—		—		40,548		—			(40,548	)		—


Total revenues	$	372,164	$	231,331	$	239,100	$	—			(40,548	)	$	802,047




Income (loss) from operations	$	43,748	$	25,224	$	18,213	$	(14,002	)	$	1,255		$	74,438




Segments assets	$	519,081	$	192,994	$	156,784	$	79,372		$	4,508		$	952,739




Capital expenditures	$	131,314	$	8,198	$	3,185	$	14,670		$	—		$	157,367




Depreciation and amortization	$	15,412	$	6,674	$	4,169	$	1,252		$	—		$	27,507

	2014

	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	440,439	$	222,313	$	243,990	$	—		$	—		$	906,742
Revenue between product segments		—		—		40,506		—			(40,506	)		—


Total revenues	$	440,439	$	222,313	$	284,496	$	—			(40,506	)	$	906,742




Income (loss) from operations	$	59,501	$	18,495	$	14,663	$	(11,497	)	$	133		$	81,295




Segments assets	$	535,306	$	190,612	$	169,084	$	133,836		$	(4,652	)	$	1,024,186




Capital expenditures	$	38,066	$	6,718	$	2,801	$	7,013		$	—		$	54,598




Depreciation and amortization	$	40,573	$	7,289	$	4,971	$	1,406		$	—		$	54,239

Schedule of revenues and identifiable assets by geographical area

The following tables present the revenues and identifiable assets by geographical area (in thousands):

	2012

	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	505,946	$	10,446		$	516,392		$	49,717	$	149,911
Mexico		16,866		—			16,866			59,200		59,200
Other Americas		19,366		—			19,366			11,285		11,865


Total Americas		542,178		10,446			552,624			120,202		220,976
United Kingdom		132,579		—			132,579			14,320		27,835
Other EMEA (1)		20,561		—			20,561			821		4,984


Total EMEA		153,140		—			153,140			15,141		32,819
APAC (2)		97,672		34,723			132,395			13,456		14,894
Eliminations		—		(45,169	)		(45,169	)		N/A		N/A


Total	$	792,990	$	—		$	792,990		$	148,799	$	268,689

	2013

	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	441,376	$	15,598		$	456,974		$	35,726	$	132,570
Mexico		78,695		—			78,695			201,469		201,469
Other Americas		19,674		—			19,674			10,057		11,395


Total Americas		539,745		15,598			555,343			247,252		345,434
United Kingdom		146,261		—			146,261			10,816		26,183
Other EMEA (1)		17,673		—			17,673			699		5,033


Total EMEA		163,934		—			163,934			11,515		31,216
APAC (2)		98,368		24,950			123,318			13,984		16,448
Eliminations		—		(40,548	)		(40,548	)		N/A		N/A


Total	$	802,047	$	—		$	802,047		$	272,751	$	393,098

	2014

	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	451,503	$	7,303		$	458,806		$	42,933	$	144,239
Mexico		130,330		—			130,330			191,512		191,512
Other Americas		20,914		—			20,914			7,059		7,059


Total Americas		602,747		7,303			610,050			241,504		342,810
United Kingdom		151,962		—			151,962			24,257		52,110
Other EMEA (1)		18,543		—			18,543			5,807		10,317


Total EMEA		170,505		—			170,505			30,064		62,427
APAC (2)		133,490		33,203			166,693			15,657		18,210
Eliminations		—		(40,506	)		(40,506	)		N/A		N/A


Total	$	906,742	$	—		$	906,742		$	287,225	$	423,447

(1): Europe, Middle East and Africa
(2): Asia-Pacific

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014 item	Jun. 30, 2013
Description of Business
Number of operating segments	3
Accounts Receivable
Billed receivables	$ 189,489	$ 179,458
Unbilled receivables	1,975	34,636
Less allowance for doubtful accounts	(5,691)	(7,277)
Total	$ 185,773	$ 206,817

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Goodwill and Other Intangible Assets and Valuation of Long-Lived Assets
Goodwill impairment	$ 0	$ 0	$ 0
Level 3
Fair value of financial instruments
Fair value of assets	0	0
Fair value of liabilities	0	0
Non-recurring
Fair value of financial instruments
Fair value of assets	0	0
Fair value of liabilities	0	0
Recurring \| Level 1
Fair value of financial instruments
Total	914	316
Recurring \| Level 1 \| Equity securities
Fair value of financial instruments
Equity securities	914	316
Recurring \| Level 2
Fair value of financial instruments
Insurance company contracts	17,383	13,914
Interest rate contract	28	66
Total	17,411	13,980
Recurring \| Total
Fair value of financial instruments
Insurance company contracts	17,383	13,914
Interest rate contract	28	66
Total	18,325	14,296
Recurring \| Total \| Equity securities
Fair value of financial instruments
Equity securities	$ 914	$ 316

- Definition

Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 14

-Paragraph Column E

-Article 12

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 13

-Paragraph Column C

-Article 12

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 12C

-Paragraph Column C

-Article 12

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 320

-Section S99

-Paragraph 1

-Subparagraph (SX 210.12-12.Column C.3,4)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611133-123010

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 320

-Section S99

-Paragraph 4

-Subparagraph (SX 210.12-12C.Column C.7)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611225-123010

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 320

-Section S99

-Paragraph 6

-Subparagraph (SX 210.12-14.Column E.2,3)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611322-123010

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 320

-Section S99

-Paragraph 5

-Subparagraph (SX 210.12-13.Column C.6)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611282-123010

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 12

-Paragraph Column C

-Article 12

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 12

-Paragraph 3, 4

-Article 12

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 14

-Paragraph 2, 3

-Article 12

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 13

-Paragraph 6

-Article 12

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 12C

-Paragraph 7

-Article 12

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (Customer)	12 Months Ended
	Jun. 30, 2013 One customer Accounts receivable	Jun. 30, 2012 One customer Revenues	Jun. 30, 2014 Different customer Accounts receivable	Jun. 30, 2014 Different customer Revenues
Concentrations of Credit Risk
Percentage of benchmark derived from specified source	16.00%	12.00%	13.00%	14.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $) Share data in Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Foreign Currency Translation
Transaction gain (loss)	$ (1,800,000)	$ 1,800,000	$ 400,000
Business Combinations
Maximum measurement period in which provisional amounts can be adjusted	1 year
Computation of basic and diluted earnings per share
Net income available to common stockholders	47,894,000	44,135,000	45,548,000
Weighted average shares outstanding-basic	19,952	19,956	19,732
Dilutive effect of stock options (in shares)	635	612	598
Weighted average of shares outstanding-diluted	20,587	20,568	20,330
Basic earnings per share (in dollars per share)	$ 2.40	$ 2.21	$ 2.31
Diluted earnings per share (in dollars per share)	$ 2.33	$ 2.15	$ 2.24
Changes in provision for warranties
Balance at beginning of period	12,890,000	17,562,000	14,530,000
Warranty claims provision	5,573,000	1,948,000	8,620,000
Settlements made	(6,540,000)	(6,620,000)	(5,588,000)
Balance at end of period	$ 11,923,000	$ 12,890,000	$ 17,562,000

INVENTORIES (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
INVENTORIES
Raw materials	$ 117,945	$ 117,416
Work-in-process	33,394	37,337
Finished goods	82,799	51,460
Total	$ 234,138	$ 206,213

- Definition

Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

+ References+ Details

PROPERTY AND EQUIPMENT (Details) (USD $)	12 Months Ended
PROPERTY AND EQUIPMENT (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Property and equipment
Property and equipment, gross	$ 391,517,000	$ 337,073,000
Less: accumulated depreciation and amortization	(131,038,000)	(88,044,000)
Property and equipment, net	260,479,000	249,029,000
Depreciation expense	49,900,000	22,600,000	15,500,000
Land
Property and equipment
Property and equipment, gross	13,651,000	8,365,000
Buildings and improvements
Property and equipment
Property and equipment, gross	163,952,000	102,187,000
Buildings and improvements \| Minimum
Property and equipment
Estimated Useful Lives	5 years
Buildings and improvements \| Maximum
Property and equipment
Estimated Useful Lives	40 years
Leasehold improvements
Property and equipment
Property and equipment, gross	9,744,000	9,302,000
Leasehold improvements \| Minimum
Property and equipment
Estimated Useful Lives	1 year
Leasehold improvements \| Maximum
Property and equipment
Estimated Useful Lives	25 years
Equipment and tooling
Property and equipment
Property and equipment, gross	154,367,000	135,437,000
Equipment and tooling \| Minimum
Property and equipment
Estimated Useful Lives	3 years
Equipment and tooling \| Maximum
Property and equipment
Estimated Useful Lives	10 years
Furniture and fixtures
Property and equipment
Property and equipment, gross	4,017,000	3,551,000
Furniture and fixtures \| Minimum
Property and equipment
Estimated Useful Lives	3 years
Furniture and fixtures \| Maximum
Property and equipment
Estimated Useful Lives	13 years
Computer equipment
Property and equipment
Property and equipment, gross	17,466,000	14,309,000
Computer equipment \| Minimum
Property and equipment
Estimated Useful Lives	3 years
Computer equipment \| Maximum
Property and equipment
Estimated Useful Lives	5 years
Computer software
Property and equipment
Property and equipment, gross	15,670,000	15,209,000
Computer software \| Minimum
Property and equipment
Estimated Useful Lives	3 years
Computer software \| Maximum
Property and equipment
Estimated Useful Lives	10 years
Construction in process
Property and equipment
Property and equipment, gross	$ 12,650,000	$ 48,713,000

GOODWILL AND INTANGIBLE ASSETS (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Changes in the carrying amount of goodwill
Balance at the beginning of the period	$ 83,743	$ 82,149
Goodwill acquired or adjusted during the period	7,532	1,499
Foreign currency translation adjustment	1,332	95
Balance at the end of the period	92,607	83,743
Security Division
Changes in the carrying amount of goodwill
Balance at the beginning of the period	28,546	27,583
Goodwill acquired or adjusted during the period	784	798
Foreign currency translation adjustment	177	165
Balance at the end of the period	29,507	28,546
Healthcare Division
Changes in the carrying amount of goodwill
Balance at the beginning of the period	35,827	35,887
Goodwill acquired or adjusted during the period	1,018
Foreign currency translation adjustment	392	(60)
Balance at the end of the period	37,237	35,827
Optoelectronics and Manufacturing Division
Changes in the carrying amount of goodwill
Balance at the beginning of the period	19,370	18,679
Goodwill acquired or adjusted during the period	5,730	701
Foreign currency translation adjustment	763	(10)
Balance at the end of the period	$ 25,863	$ 19,370

GOODWILL AND INTANGIBLE ASSETS (Details 2) (USD $)	12 Months Ended
GOODWILL AND INTANGIBLE ASSETS (Details 2) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Amortizable assets:
Gross Carrying Value	$ 59,747,000	$ 53,988,000
Accumulated Amortization	28,201,000	28,003,000
Intangibles Net	31,546,000	25,985,000
Total intangible assets
Gross Carrying Value	71,816,000	64,606,000
Intangibles Net	43,615,000	36,603,000
Amortization expense	4,300,000	4,900,000	4,700,000
Estimated future amortization expense
2015	3,019,000
2016	2,902,000
2017	3,073,000
2018	3,059,000
2019	2,906,000
Thereafter, including assets that have not yet begun to be amortized	16,587,000
Intangibles Net	31,546,000	25,985,000
Trademarks
Non-amortizable assets:
Gross Carrying Value	12,069,000	10,618,000
Software development costs
Intangible assets
Weighted Average Lives	7 years
Amortizable assets:
Gross Carrying Value	21,165,000	17,350,000
Accumulated Amortization	6,716,000	5,396,000
Intangibles Net	14,449,000	11,954,000
Estimated future amortization expense
Intangibles Net	14,449,000	11,954,000
Capitalized software development costs	3,000,000	2,200,000	2,100,000
Patents
Intangible assets
Weighted Average Lives	20 years
Amortizable assets:
Gross Carrying Value	6,566,000	5,400,000
Accumulated Amortization	765,000	635,000
Intangibles Net	5,801,000	4,765,000
Estimated future amortization expense
Intangibles Net	5,801,000	4,765,000
Core technology
Intangible assets
Weighted Average Lives	10 years
Amortizable assets:
Gross Carrying Value	2,289,000	2,058,000
Accumulated Amortization	2,150,000	1,728,000
Intangibles Net	139,000	330,000
Estimated future amortization expense
Intangibles Net	139,000	330,000
Developed technology
Intangible assets
Weighted Average Lives	11 years
Amortizable assets:
Gross Carrying Value	18,308,000	20,002,000
Accumulated Amortization	11,559,000	14,620,000
Intangibles Net	6,749,000	5,382,000
Estimated future amortization expense
Intangibles Net	6,749,000	5,382,000
Customer relationships/backlog
Intangible assets
Weighted Average Lives	7 years
Amortizable assets:
Gross Carrying Value	11,419,000	9,178,000
Accumulated Amortization	7,011,000	5,624,000
Intangibles Net	4,408,000	3,554,000
Estimated future amortization expense
Intangibles Net	$ 4,408,000	$ 3,554,000

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Restructuring and other charges
Accrued balance at the beginning of the period	$ 2,748	$ 482	$ 776
Total expensed during the year	12,044	7,987	1,391
Paid or incurred during the year	11,859	5,721	1,685
Accrued balance at the end of the period	2,933	2,748	482
Software development costs
Restructuring and other charges
Impairment charges		1,095
Debt restructuring
Restructuring and other charges
Total expensed during the year	1,325
Facility closure / consolidations
Restructuring and other charges
Total expensed during the year	2,772	2,653	233
Employee termination costs
Restructuring and other charges
Total expensed during the year	1,555	1,084	1,158
Charges related to contract settlement
Restructuring and other charges
Total expensed during the year		3,155
Charges related to government contract issues
Restructuring and other charges
Total expensed during the year	5,798
Charges related to class action litigation
Restructuring and other charges
Total expensed during the year	594
Security Division
Restructuring and other charges
Accrued balance at the beginning of the period	1,043	297	465
Total expensed during the year	6,684	5,031	290
Paid or incurred during the year	5,912	4,285	458
Accrued balance at the end of the period	1,815	1,043	297
Security Division \| Software development costs
Restructuring and other charges
Impairment charges		1,095
Security Division \| Employee termination costs
Restructuring and other charges
Total expensed during the year	886	781	290
Security Division \| Charges related to contract settlement
Restructuring and other charges
Total expensed during the year		3,155
Security Division \| Charges related to government contract issues
Restructuring and other charges
Total expensed during the year	5,798
Healthcare Division
Restructuring and other charges
Accrued balance at the beginning of the period	1,639	170	179
Total expensed during the year	2,009	2,366	170
Paid or incurred during the year	2,598	897	179
Accrued balance at the end of the period	1,050	1,639	170
Healthcare Division \| Facility closure / consolidations
Restructuring and other charges
Total expensed during the year	2,009	2,309
Healthcare Division \| Employee termination costs
Restructuring and other charges
Total expensed during the year		57	170
Optoelectronics and Manufacturing Division
Restructuring and other charges
Accrued balance at the beginning of the period	66	6	104
Total expensed during the year	1,432	590	931
Paid or incurred during the year	1,430	530	1,029
Accrued balance at the end of the period	68	66	6
Optoelectronics and Manufacturing Division \| Facility closure / consolidations
Restructuring and other charges
Total expensed during the year	763	344	233
Optoelectronics and Manufacturing Division \| Employee termination costs
Restructuring and other charges
Total expensed during the year	669	246	698
Corporate
Restructuring and other charges
Accrued balance at the beginning of the period		9	28
Total expensed during the year	1,919
Paid or incurred during the year	1,919	9	19
Accrued balance at the end of the period			9
Corporate \| Debt restructuring
Restructuring and other charges
Total expensed during the year	1,325
Corporate \| Charges related to class action litigation
Restructuring and other charges
Total expensed during the year	$ 594

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

LINE-OF-CREDIT BORROWINGS AND DEBT (Details) (USD $)			12 Months Ended							12 Months Ended		12 Months Ended
LINE-OF-CREDIT BORROWINGS AND DEBT (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 Revolving credit facility	Jun. 30, 2014 Revolving credit facility Minimum	Jun. 30, 2014 Revolving credit facility Maximum	Jun. 30, 2014 Revolving credit facility LIBOR	Jun. 30, 2014 Revolving credit facility LIBOR Minimum	Jun. 30, 2014 Revolving credit facility LIBOR Maximum	Jun. 30, 2014 Bank lines-of-credit	Jun. 30, 2014 Seven-year term loan due in fiscal 2020	Sep. 30, 2012 Seven-year term loan due in fiscal 2020	Jun. 30, 2014 Seven-year term loan due in fiscal 2020 LIBOR
Borrowings
Maximum borrowing capacity			$ 450,000,000
Sub-limit available for letters of credit			375,000,000
Increase in the credit agreement's borrowing capacity available under certain circumstances			200,000,000
Variable basis rate						LIBOR						LIBOR
Interest rate margin (as a percent)						1.25%	1.25%	2.00%				1.25%
Unused commitment fee (as a percent)			0.20%	0.20%	0.35%
Amount outstanding	24,000,000	59,000,000	24,000,000						0
Amount outstanding under lines-of-credit			102,900,000						21,800,000
Available credit facility									16,300,000
Total cash borrowing sub-limit									1,700,000
Principal amount											11,100,000
Term of loan										7 years
Effective interest rate (as a percent)										2.20%
Term loans	10,921,000	12,470,000
Other long-term debt	2,334,000
Long-term debt	13,255,000	12,470,000								8,500,000
Less current portion of long-term debt	2,819,000	1,797,000
Long-term portion of debt	10,436,000	10,673,000
Fiscal year principal payments of long-term debt
2015	2,819,000
2016	2,606,000
2017	2,304,000
2018	1,887,000
2019	1,820,000
2020 and thereafter	1,819,000
Long-term debt	$ 13,255,000	$ 12,470,000								$ 8,500,000

STOCK-BASED COMPENSATION (Details) (USD $)	12 Months Ended
STOCK-BASED COMPENSATION (Details) (USD $)	Jun. 30, 2014 item	Jun. 30, 2013	Jun. 30, 2012
STOCK-BASED COMPENSATION
Number of share-based employee compensation plans	2
Stock based compensation expense
Stock-based compensation expense before taxes	$ 16,983,000	$ 16,446,000	$ 8,530,000
Less: related income tax benefit	6,498,000	6,123,000	3,050,000
Stock-based compensation expense, net of estimated taxes	10,485,000	10,323,000	5,480,000
Stock Options
Stock-based compensation, other disclosures
Unrecognized compensation cost	1,000,000
Weighted-average period	1 year 6 months
Restricted stock and RSU
Stock-based compensation, other disclosures
Unrecognized compensation cost	14,400,000
Weighted-average period	2 years
2006 Plan
Stock-based compensation, other disclosures
Number of awards issued (in shares)	0
Cost of goods sold
Stock based compensation expense
Stock-based compensation expense before taxes	887,000	820,000	465,000
Selling, general and administrative
Stock based compensation expense
Stock-based compensation expense before taxes	15,940,000	15,394,000	7,811,000
Research and development
Stock based compensation expense
Stock-based compensation expense before taxes	$ 156,000	$ 232,000	$ 254,000

STOCK-BASED COMPENSATION (Details 2) (USD $)	12 Months Ended
STOCK-BASED COMPENSATION (Details 2) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Restricted stock and RSU
Weighted-Average Fair Value
Number of shares available for grant reduced for each award granted	1.87
Number of shares available for grant increased for each award forfeited and returned	1.87
Performance-based restricted stock units
Shares
Granted (in shares)	160,922	178,500	75,000
OSI Plans \| Stock Options
Stock-based compensation
Vesting period	3 years
Weighted average assumptions used to determine the fair value calculations for stock options issued
Expected dividend (as percent)	0.00%	0.00%	0.00%
Risk-free interest rate (as percent)	1.30%	0.60%	0.60%
Expected volatility (as percent)	33.00%	33.00%	35.60%
Expected holding period	4 years 6 months	4 years 3 months 18 days	4 years 3 months 18 days
Number of Options
Outstanding at the beginning of the period (in shares)	1,019,733	1,059,397	930,912
Granted (in shares)	10,294	90,234	269,469
Exercised (in shares)	(1,169)	(117,705)	(140,385)
Expired or forfeited (in shares)	(5,867)	(12,193)	(599)
Outstanding at the end of the period (in shares)	1,022,991	1,019,733	1,059,397
Exercisable at the end of the period (in shares)	873,511
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 26.33	$ 23.01	$ 18.45
Granted (in dollars per share)	$ 70.59	$ 55.37	$ 35.98
Exercised (in dollars per share)	$ 39.97	$ 15.59	$ 17.75
Expired or forfeited (in dollars per share)	$ 54.06	$ 56.36	$ 16.72
Outstanding at the end of the period (in dollars per share)	$ 26.60	$ 26.33	$ 23.01
Exercisable at the end of the period (in dollars per share)	$ 23.53
Weighted-Average Remaining Contractual Term
Outstanding at the end of the period	5 years 8 months 12 days
Exercisable at the end of the period	5 years 3 months 18 days
Aggregate Intrinsic Value
Outstanding at the end of the period	$ 41,114,000
Exercisable at the end of the period	37,750,000
Stock-based compensation, other disclosures
Weighted-average grant-date fair value of stock options (in dollars per share)	$ 20.78	$ 15.33	$ 10.67
Total intrinsic value of options exercised	38,000
OSI Plans \| Nonqualified options \| Minimum \| Any person who owned more than 10% of the voting power of all classes of stock
Stock-based compensation
Percentage of voting power owned	10.00%
Purchase price expressed as a percentage of the fair market value of the Company's common stock on the date of grant	110.00%
OSI Plans \| Incentive stock options \| Minimum \| Any person who owned more than 10% of the voting power of all classes of stock
Stock-based compensation
Percentage of voting power owned	10.00%
Purchase price expressed as a percentage of the fair market value of the Company's common stock on the date of grant	110.00%
OSI Plans \| Restricted stock and RSU
Shares
Nonvested at the beginning of the period (in shares)	627,124	580,468	565,113
Granted (in shares)	322,275	296,334	230,597
Vested (in shares)	(283,091)	(236,070)	(208,376)
Forfeited (in shares)	(4,908)	(13,608)	(6,866)
Nonvested at the end of the period (in shares)	661,400	627,124	580,468
Weighted-Average Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 43.13	$ 28.93	$ 22.89
Granted (in dollars per share)	$ 63.73	$ 57.29	$ 36.99
Vested (in dollars per share)	$ 39.40	$ 25.83	$ 21.41
Forfeited (in dollars per share)	$ 49.22	$ 43.03	$ 31.10
Nonvested at the end of the period (in dollars per share)	$ 54.78	$ 43.13	$ 28.93
Total fair value of shares vested	$ 11,200,000	$ 6,100,000	$ 4,500,000
OSI Plans \| Restricted stock and RSU \| Minimum
Stock-based compensation
Vesting period	3 years
OSI Plans \| Restricted stock and RSU \| Maximum
Stock-based compensation
Vesting period	4 years
OSI Plans \| Performance-based restricted stock units \| Minimum
Weighted-Average Fair Value
Payout as a percentage of the original number of shares awarded or units awarded, which are converted into shares of the Company's common stock	0.00%
OSI Plans \| Performance-based restricted stock units \| Maximum
Weighted-Average Fair Value
Payout as a percentage of the original number of shares awarded or units awarded, which are converted into shares of the Company's common stock	250.00%
2012 Plan
Stock-based compensation
Securities available for grant	3,330,177
Employee Stock Purchase Plan
Stock-based compensation
Shares purchased	29,185	85,056	82,752
Securities available for grant	1,019,200
Employee Stock Purchase Plan \| Maximum
Stock-based compensation
Discount rate for eligible employees to purchase common stock (as a percent)	15.00%

INCOME TAXES (Details) (USD $)	12 Months Ended
INCOME TAXES (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Pre-tax income (loss):
United States	$ (22,604,000)	$ (13,111,000)	$ 21,335,000
Foreign	98,459,000	82,525,000	40,648,000
Income before income taxes	75,855,000	69,414,000	61,983,000
Current:
Federal	(704,000)	(2,214,000)	8,176,000
State	113,000	(36,000)	2,396,000
Foreign	20,616,000	23,925,000	7,320,000
Total current provision	20,025,000	21,675,000	17,892,000
Deferred:
Federal	(5,366,000)	(2,422,000)	(3,565,000)
State	(1,128,000)	337,000	(554,000)
Foreign	14,430,000	5,689,000	2,662,000
Total deferred provision	7,936,000	3,604,000	(1,457,000)
Total provision	27,961,000	25,279,000	16,435,000
Income taxes, other disclosures
Additional tax benefit as a result of stock-based compensation	4,573,000	3,566,000	3,187,000
Liability for uncertain tax positions	3,182,000	6,905,000	7,073,000	7,369,000
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	2,800,000
Accrued interest and penalties	$ 400,000

INCOME TAXES (Details 2) (USD $)	12 Months Ended
INCOME TAXES (Details 2) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Activity of unrecognized tax benefits
Balance at the beginning of the period	$ 6,905,000	$ 7,073,000	$ 7,369,000
Additions on tax positions for the current year		785,000	264,000
Additions on tax positions from prior years			503,000
Reduction in tax position from prior year	(3,723,000)	(953,000)	(1,063,000)
Balance at the end of the period	3,182,000	6,905,000	7,073,000
Undistributed earnings of the foreign subsidiaries	417,000,000
Unrecognized deferred tax liability related to temporary differences due to undistributed earnings of the foreign subsidiaries	146,000,000
Deferred income tax assets:
Tax credit carryforwards	9,314,000	5,680,000
Net operating loss carryforwards	5,868,000	5,275,000
Customer advances	48,330,000	29,574,000
Allowance for doubtful accounts	3,071,000	2,511,000
Inventory reserve	7,951,000	7,204,000
Inventory capitalization	2,814,000	1,363,000
Accrued liabilities	4,667,000	4,587,000
Stock compensation	16,633,000	11,705,000
Other assets	9,716,000	1,317,000
Total deferred income tax assets	108,364,000	69,216,000
Valuation allowance	(13,344,000)	(11,081,000)
Net deferred income tax assets	95,020,000	58,135,000
Deferred income tax liabilities:
Depreciation	(58,258,000)	(34,402,000)
State income taxes	(1,471,000)	(1,239,000)
Amortization of intangible assets	(11,702,000)	(10,724,000)
Prepaid expenses	(20,284,000)	(2,297,000)
Other liabilities	(3,188,000)	(380,000)
Total deferred income tax liabilities	(94,903,000)	(49,042,000)
Net deferred income tax asset	117,000	9,093,000
Components of net deferred income tax asset
Current deferred income tax asset	73,510,000	41,617,000
Current deferred income tax liability, included in other accrued expenses and current liabilities	(21,742,000)	(2,677,000)
Long term deferred income tax asset, included in other assets	21,510,000	16,518,000
Long-term deferred income tax liability	(73,161,000)	(46,365,000)
Net deferred income tax asset	117,000	9,093,000
Components of current taxes receivable and payable and prepaid taxes
Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets	13,126,000	14,149,000
Current taxes payable	(20,556,000)	(19,659,000)
Net tax payable	$ (7,430,000)	$ (5,510,000)

INCOME TAXES (Details 4) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2014
Tax credit carry forward
Increase in valuation allowance	$ 2.1
Federal
Tax credit carry forward
Tax credit carry forwards	6.5
State
Tax credit carry forward
Tax credit carry forwards	3.5
Foreign
Tax credit carry forward
Tax credit carry forwards	$ 2.5

INCOME TAXES (Details 5) (USD $)	12 Months Ended
INCOME TAXES (Details 5) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
INCOME TAXES
Excess tax benefits from employee stock option exercises	$ 2,100,000
Increase in additional paid-in capital when excess tax benefits from employee stock option exercises are realized	$ 4,573,000	$ 3,566,000	$ 3,187,000

INCOME TAXES (Details 6)	12 Months Ended
INCOME TAXES (Details 6)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Effective income tax rate
Provision for income taxes at federal statutory rate (as a percent)	35.00%	35.00%	35.00%
State income taxes and credits-net of federal benefit (as a percent)	(0.50%)	0.30%	1.90%
Impact to tax rate as a result of accelerating depreciation of certain foreign assets (as a percent)	10.10%	9.80%
Research and development tax credits (as a percent)	(0.50%)	(1.90%)	(0.50%)
Foreign income subject to tax at other than federal statutory rate (as a percent)	(7.60%)	(8.90%)	(11.00%)
Change in valuation allowance (as a percent)	2.80%	2.80%	1.60%
Unrecognized tax benefit (as a percent)	(4.30%)	(2.00%)	(1.80%)
Other (as a percent)	1.90%	1.30%	1.30%
Effective income tax rate (as a percent)	36.90%	36.40%	26.50%

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Jun. 30, 2014 item	Jun. 30, 2013	Jun. 30, 2012
Total debt, payments due by period
Total debt	$ 37,255,000
Less than 1 year	26,819,000
2-3 years	4,910,000
4-5 years	3,707,000
After 5 years	1,819,000
Operating leases, payments due by period
Total	20,191,000
Less than 1 year	9,581,000
2-3 years	8,616,000
4-5 years	1,994,000
Defined benefit plan obligation, payments due by period
Total	8,006,000
Less than 1 year	162,000
2-3 years	384,000
4-5 years	1,083,000
After 5 years	6,377,000
Operating Leases
Rent expense	9,900,000	13,100,000	13,000,000
Contingent Acquisition Obligations
Fair value of contingent payment obligations	23,200,000	15,400,000
Reductions in fair value of contingent payment obligations	3,900,000	5,400,000
Environmental Contingencies
Number of investigations discovering soil and groundwater contamination at Hawthorne, CA facility	1
Mexican government
Advances from Customers
Advances from customers	75,000,000		100,000,000
Maximum
Contingent Acquisition Obligations
Maximum amount of future payments under contingent consideration	$ 56,000,000
Royalty payments
Contingent Acquisition Obligations
Purchase agreements containing royalty payments, number	1

STOCKHOLDERS' EQUITY (Details)	12 Months Ended
STOCKHOLDERS' EQUITY (Details)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Stock Repurchase Program
Number of shares repurchased	165,845	200,732	67,037
Number of shares available for additional repurchase	1,219,195

RELATED-PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
RELATED-PARTY TRANSACTIONS (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Chief Executive Officer and/or his family members \| Messenger services and auto rental \| Entities Owned by Related Party
RELATED-PARTY TRANSACTIONS
Expenses related to transactions with related party	$ 31,000	$ 76,000	$ 79,000
ECIL-Rapiscan Security Products Limited
RELATED-PARTY TRANSACTIONS
Ownership interest in joint venture (as a percent)	36.00%
Initial investment	100,000
Equity earnings in joint venture	0	100,000	400,000
Sales to joint venture	5,200,000	5,700,000	5,800,000
Receivables from joint venture	$ 600,000	$ 300,000
ECIL-Rapiscan Security Products Limited \| Chairman and Chief Executive Officer
RELATED-PARTY TRANSACTIONS
Related party ownership percentage in equity method investee of the reporting entity	10.50%
ECIL-Rapiscan Security Products Limited \| Executive Vice President and President of the Company's Security division
RELATED-PARTY TRANSACTIONS
Related party ownership percentage in equity method investee of the reporting entity	4.50%
ECIL-Rapiscan Security Products Limited \| Chairman and Chief Executive Officer, and Executive Vice President and President of the Company's Security division \| Maximum
RELATED-PARTY TRANSACTIONS
Collective voting power control, by entity and related parties, in equity method investment of entity (as a percent)	50.00%

- Definition

For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.

+ References+ Details

- Definition

This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.

+ References+ Details

- Definition

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

+ References+ Details

EMPLOYEE BENEFIT PLANS (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
EMPLOYEE BENEFIT PLANS
Contributions made by the entity to defined contribution plans	$ 4.1	$ 3.7	$ 3.9
Deferred Compensation Plan
Company contribution on deferred compensation plan	0.6	0.6	0.7
Assets held by Company	12.7
Liabilities held by Company	$ 12.5
Period to classify liabilities underfunded plans as noncurrent	12 months
Maximum
Deferred Compensation Plan
Percentage of salaries which can be deferred by eligible employees	80.00%
Percentage of bonuses which can be deferred by eligible employees	100.00%

EMPLOYEE BENEFIT PLANS (Details 2) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Change in Benefit Obligation
Benefit obligation at beginning of year	$ 12,753	$ 11,758
Translation adjustment	568	(53)
Service costs	58	70	54
Interest costs	697	635	487
Actuarial (gain) loss	(196)	562
Benefits paid	(190)	(219)
Benefit obligation at end of year	13,690	12,753	11,758
Change in Plan Assets
Fair value of plan assets at beginning of year	6,523	6,030
Translation adjustment	512	(82)
Actual return on plan assets	479	487
Company contributions	333	251
Benefits paid	(136)	(163)
Fair value of plan assets at end of year	7,711	6,523	6,030
Funded status	(5,979)	(6,230)
Net amount recognized	(5,979)	(6,230)
Amount recognized in consolidated balance sheets consist of:
Investments	856	248
Accrued pension liability	(6,835)	(6,478)
Accumulated other comprehensive income	2,752	3,651
Net Periodic Benefit Costs
Service costs	58	70	54
Interest costs	697	635	487
Expected return on plan assets	(393)	(360)	(359)
Amortization of prior service costs	615	615	335
Recognized actuarial loss	144	197	109
Net periodic benefit cost	$ 1,121	$ 1,157	$ 626
Weighted average assumptions at year-end:
Discount rate (as a percent)	5.10%	5.30%
Expected return on plan assets (as a percent)	5.70%	5.50%
Rate of compensation increase (as a percent)	3.20%	3.10%

EMPLOYEE BENEFIT PLANS (Details 3)	12 Months Ended
EMPLOYEE BENEFIT PLANS (Details 3)	Jun. 30, 2014	Jun. 30, 2013
Plan Assets and Investment Policy
Proportion of Fair Value (as a percent)	100.00%	100.00%
Expected Rate of Return (as a percent)	5.70%	5.50%
Maximum
Plan Assets and Investment Policy
Percentage of significant holdings in any single company of the total assets	5.00%
Equity securities
Plan Assets and Investment Policy
Proportion of Fair Value (as a percent)	55.00%	50.00%
Expected Rate of Return (as a percent)	8.00%	8.00%
Debt securities
Plan Assets and Investment Policy
Proportion of Fair Value (as a percent)	36.00%	38.00%
Expected Rate of Return (as a percent)	2.00%	2.00%
Other
Plan Assets and Investment Policy
Proportion of Fair Value (as a percent)	9.00%	12.00%
Expected Rate of Return (as a percent)	5.00%	6.00%

EMPLOYEE BENEFIT PLANS (Details 4) (USD $)	12 Months Ended
EMPLOYEE BENEFIT PLANS (Details 4) (USD $)	Jun. 30, 2014
Projected Benefit Payments
July 1, 2014 to June 30, 2015	$ 162,000
July 1, 2015 to June 30, 2016	176,000
July 1, 2016 to June 30, 2017	208,000
July 1, 2017 to June 30, 2018	263,000
July 1, 2018 to June 30, 2019	820,000
July 1, 2019 to June 30, 2024	6,377,000
Company Contribution
Estimated employer contribution for next fiscal year	$ 100,000
Employee Pension Plans \| Weighted average
Company Contribution
Weighted average contribution rate of pensionable salaries made by Company (as a percent)	1.00%

SEGMENT INFORMATION (Details 2) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Operations and identifiable assets by industry segment
Total revenues	$ 906,742	$ 802,047	$ 792,990
Income (loss) from operations	81,295	74,438	65,940
Segments assets	1,024,186	952,739	749,896
Capital expenditures	54,598	157,367	68,490
Depreciation and amortization	54,239	27,507	20,199
Security Division
Operations and identifiable assets by industry segment
Total revenues	440,439	372,164	391,808
Capital expenditures	38,066	131,314	56,848
Depreciation and amortization	40,573	15,412	7,819
Healthcare Division
Operations and identifiable assets by industry segment
Total revenues	222,313	231,331	235,548
Capital expenditures	6,718	8,198	5,158
Depreciation and amortization	7,289	6,674	7,640
Optoelectronics and Manufacturing Division
Operations and identifiable assets by industry segment
Total revenues	243,990	198,552	165,634
Capital expenditures	2,801	3,185	4,552
Depreciation and amortization	4,971	4,169	3,876
Corporate
Operations and identifiable assets by industry segment
Income (loss) from operations	(11,497)	(14,002)	(11,887)
Segments assets	133,836	79,372	109,405
Capital expenditures	7,013	14,670	1,932
Depreciation and amortization	1,406	1,252	864
Operating Segments \| Security Division
Operations and identifiable assets by industry segment
Income (loss) from operations	59,501	43,748	30,552
Segments assets	535,306	519,081	351,668
Operating Segments \| Healthcare Division
Operations and identifiable assets by industry segment
Income (loss) from operations	18,495	25,224	28,330
Segments assets	190,612	192,994	162,583
Operating Segments \| Optoelectronics and Manufacturing Division
Operations and identifiable assets by industry segment
Total revenues	284,496	239,100	210,803
Income (loss) from operations	14,663	18,213	18,743
Segments assets	169,084	156,784	132,281
Eliminations
Operations and identifiable assets by industry segment
Total revenues	(40,506)	(40,548)	(45,169)
Income (loss) from operations	133	1,255	202
Segments assets	(4,652)	4,508	(6,041)
Eliminations \| Optoelectronics and Manufacturing Division
Operations and identifiable assets by industry segment
Total revenues	$ 40,506	$ 40,548	$ 45,169

SEGMENT INFORMATION (Details 3) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Revenues and identifiable assets by geographical area
Total revenues	$ 906,742	$ 802,047	$ 792,990
Long lived tangible assets	287,225	272,751	148,799
Long lived assets	423,447	393,098	268,689
Total Americas
Revenues and identifiable assets by geographical area
Total revenues	602,747	539,745	542,178
Long lived tangible assets	241,504	247,252	120,202
Long lived assets	342,810	345,434	220,976
United States
Revenues and identifiable assets by geographical area
Total revenues	451,503	441,376	505,946
Long lived tangible assets	42,933	35,726	49,717
Long lived assets	144,239	132,570	149,911
Mexico
Revenues and identifiable assets by geographical area
Total revenues	130,330	78,695	16,866
Long lived tangible assets	191,512	201,469	59,200
Long lived assets	191,512	201,469	59,200
Other Americas
Revenues and identifiable assets by geographical area
Total revenues	20,914	19,674	19,366
Long lived tangible assets	7,059	10,057	11,285
Long lived assets	7,059	11,395	11,865
Total EMEA
Revenues and identifiable assets by geographical area
Total revenues	170,505	163,934	153,140
Long lived tangible assets	30,064	11,515	15,141
Long lived assets	62,427	31,216	32,819
United Kingdom
Revenues and identifiable assets by geographical area
Total revenues	151,962	146,261	132,579
Long lived tangible assets	24,257	10,816	14,320
Long lived assets	52,110	26,183	27,835
Other EMEA
Revenues and identifiable assets by geographical area
Total revenues	18,543	17,673	20,561
Long lived tangible assets	5,807	699	821
Long lived assets	10,317	5,033	4,984
APAC
Revenues and identifiable assets by geographical area
Total revenues	133,490	98,368	97,672
Long lived tangible assets	15,657	13,984	13,456
Long lived assets	18,210	16,448	14,894
Reportable Geographical Components
Revenues and identifiable assets by geographical area
Total revenues	(40,506)	(40,548)	(45,169)
Reportable Geographical Components \| Total Americas
Revenues and identifiable assets by geographical area
Total revenues	610,050	555,343	552,624
Reportable Geographical Components \| United States
Revenues and identifiable assets by geographical area
Total revenues	458,806	456,974	516,392
Reportable Geographical Components \| APAC
Revenues and identifiable assets by geographical area
Total revenues	166,693	123,318	132,395
Eliminations
Revenues and identifiable assets by geographical area
Total revenues	(40,506)	(40,548)	(45,169)
Eliminations \| Total Americas
Revenues and identifiable assets by geographical area
Total revenues	7,303	15,598	10,446
Eliminations \| United States
Revenues and identifiable assets by geographical area
Total revenues	7,303	15,598	10,446
Eliminations \| APAC
Revenues and identifiable assets by geographical area
Total revenues	$ 33,203	$ 24,950	$ 34,723

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Doubtful accounts
Valuation and Qualifying accounts
Balance at beginning of period	$ 7,277	$ 5,054	$ 5,793
Charged to costs and expenses	193	3,563	582
Deductions - Write-offs	1,779	1,340	1,321
Balance at end of period	5,691	7,277	5,054
Warranty reserve
Valuation and Qualifying accounts
Balance at beginning of period	12,890	17,562	14,530
Charged to costs and expenses	5,573	1,948	8,620
Deductions - Write-offs	6,540	6,620	5,588
Balance at end of period	$ 11,923	$ 12,890	$ 17,562

INCOME TAXES (Details 3) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014
Domestic
Operating loss carry forwards
Net operating loss carry forwards	$ 22.8
Foreign
Operating loss carry forwards
Net operating loss carry forwards	$ 22.5

SEGMENT INFORMATION (Details)	12 Months Ended
SEGMENT INFORMATION (Details)	Jun. 30, 2014 item
SEGMENT INFORMATION
Number of identifiable industry segments	3