Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 30, 2016	Aug. 16, 2016	Dec. 31, 2015
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, 2016
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			$ 1,688,518,174
Entity Common Stock, Shares Outstanding		18,956,392
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 104,370	$ 47,593
Accounts receivable, net	141,716	178,519
Inventories	273,288	230,421
Prepaid expenses and other current assets	35,944	40,101
Total current assets	555,318	496,634
Property and equipment, net	183,114	225,703
Goodwill	122,819	98,167
Intangible assets, net	56,283	50,413
Other assets	74,189	66,372
Total assets	991,723	937,289
CURRENT LIABILITIES:
Bank lines of credit	125,000
Current portion of long-term debt	2,759	2,801
Accounts payable	69,490	61,932
Accrued payroll and related expenses	29,203	33,169
Advances from customers	55,408	41,389
Deferred revenue	29,978	47,787
Other accrued expenses and current liabilities	55,997	54,565
Total current liabilities	367,835	241,643
Long-term debt	6,054	8,556
Deferred income taxes	29,160	30,688
Other long-term liabilities	47,828	74,623
Total liabilities	450,877	355,510
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, 19,716,507 and 18,912,157 shares at June 30, 2015 and 2016, respectively	219,114	279,212
Retained earnings	338,988	312,831
Accumulated other comprehensive loss	(17,256)	(10,264)
Total stockholders' equity	540,846	581,779
Total liabilities and stockholders' equity	$ 991,723	$ 937,289

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2016	Jun. 30, 2015
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	18,912,157	19,716,507
Common stock, shares outstanding	18,912,157	19,716,507

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Net revenues:
Products	$ 579,345	$ 707,700	$ 654,040
Services	250,315	250,502	252,702
Total net revenues	829,660	958,202	906,742
Cost of goods sold:
Products	407,880	482,401	453,709
Services	144,921	150,448	148,033
Total cost of goods sold	552,801	632,849	601,742
Gross profit	276,859	325,353	305,000
Operating expenses:
Selling, general and administrative	166,655	171,756	166,869
Research and development	49,816	51,639	44,792
Impairment, restructuring and other charges	22,014	9,850	12,044
Total operating expenses	238,485	233,245	223,705
Income from operations	38,374	92,108	81,295
Interest and other expense, net	(2,879)	(3,255)	(5,440)
Income before income taxes	35,495	88,853	75,855
Provision for income taxes	9,338	23,702	27,961
Net income	$ 26,157	$ 65,151	$ 47,894
Earnings per share:
Basic (in dollars per share)	$ 1.35	$ 3.29	$ 2.40
Diluted (in dollars per share)	$ 1.30	$ 3.17	$ 2.33
Shares used in per share calculation:
Basic (in shares)	19,427	19,799	19,952
Diluted (in shares)	20,076	20,526	20,587

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 26,157	$ 65,151	$ 47,894
Other comprehensive income (loss):
Foreign currency translation adjustment	(6,850)	(7,436)	2,795
Other	(142)	73	640
Other comprehensive income (loss)	(6,992)	(7,363)	3,435
Comprehensive income	$ 19,165	$ 57,788	$ 51,329

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Jun. 30, 2013	$ 285,001	$ 199,786	$ (6,336)	$ 478,451
Balance (in shares) at Jun. 30, 2013	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	$ 287,434	247,680	(2,901)	532,213
Balance (in shares) at Jun. 30, 2014	19,942,923
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	$ 1,603			1,603
Exercise of stock options (in shares)	38,907
Vesting of restricted shares (in shares)	262,221
Net tax benefit of stock options exercised/forfeited	$ 3,617			3,617
Shares issued under employee stock purchase program	$ 1,995			1,995
Shares issued under employee stock purchase program (in shares)	37,334
Stock compensation expense	$ 22,501			22,501
Repurchase of common stock	$ (30,744)			$ (30,744)
Repurchase of common stock (in shares)	(454,635)			(454,635)
Taxes paid related to net share settlement of equity awards	$ (7,194)			$ (7,194)
Taxes paid related to net share settlement of equity awards (in shares)	(110,243)
Net income		65,151		65,151
Other comprehensive income (loss)			(7,363)	(7,363)
Balance at Jun. 30, 2015	$ 279,212	312,831	(10,264)	$ 581,779
Balance (in shares) at Jun. 30, 2015	19,716,507			19,716,507
Increase (Decrease) in Shareholders' Equity
Exercise of stock options	$ 3,004			$ 3,004
Exercise of stock options (in shares)	107,059
Vesting of restricted shares (in shares)	417,896
Net tax benefit of stock options exercised/forfeited	$ 89			89
Shares issued under employee stock purchase program	$ 3,133			3,133
Shares issued under employee stock purchase program (in shares)	58,709
Stock compensation expense	$ 20,759			20,759
Repurchase of common stock	$ (73,368)			$ (73,368)
Repurchase of common stock (in shares)	(1,201,402)			(1,201,402)
Taxes paid related to net share settlement of equity awards	$ (13,715)			$ (13,715)
Taxes paid related to net share settlement of equity awards (in shares)	(186,612)
Net income		26,157		26,157
Other comprehensive income (loss)			(6,992)	(6,992)
Balance at Jun. 30, 2016	$ 219,114	$ 338,988	$ (17,256)	$ 540,846
Balance (in shares) at Jun. 30, 2016	18,912,157			18,912,157

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 26,157	$ 65,151	$ 47,894
Adjustments to reconcile net income to net cash provided by operating activities, net of effects from acquisitions:
Depreciation and amortization	57,922	58,976	54,239
Stock based compensation expense	20,759	22,501	16,983
Provision for losses on accounts receivable	2,079	340	229
Tax benefit of share based compensation plan	89	3,617	4,573
Deferred income taxes	(13,224)	(5,956)	7,936
Impairment charges	9,674
Other	345	276	121
Changes in operating assets and liabilities-net of business acquisitions:
Accounts receivable	36,881	7,358	26,180
Inventories	(37,696)	249	(21,026)
Prepaid expenses and other assets	(1,701)	(8,135)	4,485
Accounts payable	6,831	(15,117)	(26,143)
Advances from customers	(10,955)	(22,051)	(23,944)
Deferred revenue	(16,538)	(12,128)	40,630
Other accrued expenses and current liabilities	(21,405)	10,022	(2,987)
Net cash provided by operating activities	59,218	105,103	129,170
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property and equipment	(17,688)	(15,286)	(54,598)
Acquisition of businesses, net of cash acquired	(19,921)	(13,919)	(11,740)
Acquisition of intangible and other assets	(5,870)	(6,228)	(5,896)
Net cash used in investing activities	(43,479)	(35,433)	(72,234)
CASH FLOWS FROM FINANCING ACTIVITIES
Net borrowings (repayments) on bank lines of credit	125,000	(24,000)	(35,000)
Proceeds from long-term debt	691	1,561	3,497
Payments on long-term debt	(2,917)	(3,247)	(3,667)
Proceeds from exercise of stock options and employee stock purchase plan	6,137	3,598	1,501
Repurchase of common shares	(73,368)	(30,744)	(12,056)
Taxes paid related to net share settlement of equity awards	(13,715)	(7,194)	(8,569)
Net cash provided by (used in) financing activities	41,828	(60,026)	(54,294)
Effect of exchange rate changes on cash	(790)	(882)	1,492
Net increase (decrease) in cash and cash equivalents	56,777	8,762	4,134
Cash and cash equivalents-beginning of year	47,593	38,831	34,697
Cash and cash equivalents-end of year	104,370	47,593	38,831
Supplemental disclosure of cash flow information:
Interest	2,378	2,802	4,659
Income taxes	$ 26,671	$ 31,266	$ 18,552

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Jun. 30, 2016

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, cardiology, anesthesia systems and defibrillator products, 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 OEM customers and end users for applications in the defense, aerospace, medical and industrial markets, among others.

Through its Security division, the Company provides security screening products and related services globally. These products fall into the following categories: baggage and parcel inspection; cargo and vehicle inspection; hold (checked) baggage screening; people screening; radiation detection; and explosive and narcotics 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, cardiology, anesthesia delivery and ventilation systems, defibrillator products, 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 amongst others; the defibrillators are also used in public facilities.

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 OEM customers 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.

Pending Acquisition—On June 20, 2016, OSI Systems, Inc. and American Science and Engineering, Inc. signed a definitive agreement pursuant to which the Company will acquire AS&E for $37.00 in cash per share of common stock of AS&E for a total purchase price of approximately $269 million. The Company intends to fund the transaction with a combination of AS&E's cash on hand and money borrowed under its revolving credit facility. As of June 30, 2016, AS&E reported cash and cash equivalents of $74 million. The completion of the transaction is subject to the satisfaction of customary conditions, including, among others: (i) the requisite approval of AS&E's shareholders, (ii) the expiration or termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") and (iii) the absence of any order or injunction issued by any court or governmental authority in the United States preventing the consummation of the transaction. The transaction is expected to close by December 31, 2016.

Use of Estimates—The preparation of financial statements in conformity with U.S. GAAP 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 sales and costs of sales during the reporting period. The most significant of these estimates and assumptions for the Company relate to contract revenue, profit and loss recognition, fair values of assets acquired and assumed in business combinations, market values for inventories reported at lower of cost or market, stock-based employee compensation expense, income taxes, accrued product warranty costs, and the recoverability, useful lives and valuation of recorded amounts of long-lived assets, identifiable intangible assets and goodwill. Changes in estimates are reflected in the periods during which they become known. Actual amounts will differ from these estimates and could differ materially.

Reclassifications—Certain reclassifications have been made to prior year amounts within the consolidated balance sheet to conform to the current year's presentation.

The Company early adopted accounting standards update ("ASU") 2015-17, Balance Sheet Classification of Deferred Income Taxes, which amends the classification of deferred taxes. Deferred tax assets and liabilities will now be classified as non-current. Previously, the deferred income tax assets and liabilities had to be separated into current and non-current. The Company applied the ASU retrospectively, which resulted in reclassifications to the consolidated balance sheet as of June 30, 2015. In addition, unrelated to the adoption of ASU 2015-17, certain accounts were grouped differently than had been presented in the consolidated balance sheet as of June 30, 2015. The following table summarizes these reclassifications as follows (in thousands):

	Changes to Consolidated Balance Sheet as of June 30, 2015
	As previously presented DR (CR)			Reclassifications Pursuant to ASU 2015-17			Other Reclassifications			Current DR (CR)
Deferred income tax asset		44,887			(44,887	)					—
Other assets		63,870			2,502						66,372
Income tax payable		(9,610	)		—			9,610			—
Other accrued expenses and current liabilities		(52,593	)		7,638			(9,610	)		(54,565	)
Advances from customers—non-current		(25,000	)					25,000			—
Deferred income tax liability		(65,435	)		34,747						(30,688	)
Other long-term liabilities		(49,623	)					(25,000	)		(74,623	)

					—			—


Net decrease to working capital					(37,249	)		—


Net decrease to total assets					(42,385	)		—

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—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 (in thousands):

	June 30,
	2015			2016
Accounts receivables	$	184,419		$	148,767
Less allowance for doubtful accounts		(5,900	)		(7,051	)

Total	$	178,519		$	141,716

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 charged while assets are used in service and are computed using the straight-line method over the estimated useful lives of the assets taking into consideration any estimated salvage value. Amortization of leasehold improvements is calculated on the straight-line method 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. In the event that property and equipment are idle, as a result of excess capacity or the early termination, non-renewal or reduction in scope of a turnkey screening operation, such assets are assessed for impairment on a periodic basis or if any indicators of impairment exist. Certain fixed assets related to the Company's turnkey security screening program in Mexico are not currently in use. As of June 30, 2016, the net value of these assets is approximately $15 million, which is included in property and equipment in the condensed consolidated balance sheet.

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, 2016.

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, derivative instruments, 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 available 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 where "Level 3" valuation techniques were used. As further discussed in note 9 to the condensed consolidated financial statements, the Company's contingent payment obligations related to acquisitions are valued using "Level 3" valuation techniques. Such obligations are measured at fair value on a recurring basis. The fair values of our financial assets and liabilities as of June 30, 2015 and 2016 are categorized as follows (in thousands):

	June 30, 2015										June 30, 2016
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Assets:
Equity securities	$	291	$	2,150		$	—	$	2,441		$	354	$	—			—	$	354
Insurance company contracts		—		20,100			—		20,100			—		21,353			—		21,353
Interest rate contract		—		(41	)		—		(41	)		—		(31	)		—		(31	)

Total assets	$	291	$	22,209		$	—	$	22,500		$	354	$	21,322		$	—	$	21,676


Liabilities—Contingent payment obligations	$	—	$	—		$	17,175	$	17,175		$	—	$	—		$	17,117	$	17,117

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. Generally, revenue from services is recognized when the services are performed. 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 revenue recognition, 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. In instances where a contract calls for multiple deliverables and such deliverables qualify as separate units of accounting, the Company may recognize revenue based on the value of the respective deliverables identified in the underlying contract.

In connection with the agreement with the Servicio de Administración Tributaria ("SAT") in Mexico, revenue is recognized based upon proportional performance, measured by the actual number of labor hours incurred divided by the total estimated number of labor hours for the project. The impact of changes in the estimated labor hours to service the agreement is reflected in the period during which the change becomes known. In this agreement, customer billings may be submitted for several separate deliverables including: monthly services, activation of services, training of customer personnel and consultation on the design and location of security scanning operations, among others. In the event that payments received from the customer exceed revenue recognition, deferred revenue is recorded. In the event that revenue recognition exceeds payments received from the customer, unbilled receivables are recorded.

Revenues from out-of-warranty service maintenance contracts are recognized ratably over the term of such contracts. 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 condensed consolidated balance sheets as either a current or long-term liability depending on 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 criteria. The fair value of performance-based awards is estimated at the date of grant based upon 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 accounts for certain charges related to restructuring activities, litigation, acquisition-related costs and other non-routine charges 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, 2015 and 2016, no customer accounted for greater than 10% of accounts receivable. SAT accounted for 12% and 14% of revenues for the fiscal years ended June 30, 2015 and 2016, respectively. The Company performs ongoing credit evaluations of its customers' financial condition and maintains allowances for potential credit losses.

The Company 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 period-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 $(1.8) million, $2.1 million and $(0.8) million for the fiscal years ended June 30, 2014, 2015 and 2016, respectively.

Business Combinations—The Company allocates the fair value of purchase consideration to the tangible and intangible assets acquired, and liabilities assumed based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. Such valuations require management to make significant estimates and assumptions, especially with respect to intangible assets. Significant estimates in valuing certain intangible assets include, but are not limited to, future expected cash flows from acquired customers, acquired technology, and trade names, useful lives and discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which is one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded to earnings.

During the year ended June 30, 2016, the Company acquired all of the outstanding shares of capital stock of a distributor and manufacturer of electronic components in the United Kingdom, a distributor and manufacturer of flex circuit and touch panel design products in California and a security equipment service company in Brazil. The combined purchase prices consisted of cash payments at closing of $17.8 million, holdbacks of $2.6 million for potential indemnity claims and $13.8 million for the fair value of contingent consideration. The indemnity holdbacks are payable in fiscal 2017, if not used for indemnification claims. The combined purchase prices were allocated to the fair values of the net tangible and intangible assets. The combined allocations of intangible assets consisted of $25.3 million of goodwill and $8.3 million of identifiable intangible assets, which was comprised of $1.2 million of technology, $6.0 million of customer relationships, $0.9 million of trademarks and trade names, and $0.2 million of non-compete covenants.

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 and restricted stock or units awards under the treasury stock method. During the fiscal years ending June 30, 2014 and 2015, respectively, the number of stock options and stock awards excluded from the calculation because they were antidilutive was de minimis. Stock option and stock awards to purchase 0.1 million shares of common stock for the fiscal year ending June 30, 2016 were excluded for the calculation because to do so would have been antidilutive.

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):

	2014		2015		2016
Net income available to common stockholders	$	47,894	$	65,151	$	26,157


Weighted average shares outstanding—basic		19,952		19,799		19,427
Dilutive effect of equity awards		635		727		649

Weighted average shares outstanding—diluted		20,587		20,526		20,076


Basic earnings per share	$	2.40	$	3.29	$	1.35


Diluted earnings per share	$	2.33	$	3.17	$	1.30

Warranty Provision—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. The warranty provision is included in the Other accrued expenses and current liabilities in the consolidated balance sheets, whose activity for each of the three fiscal years ended June 30, 2016 is summarized in the following table (in thousands)

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

Warranty provision as of June 30, 2014	$	11,923
Warranty claims provision		6,043
Settlements made		(5,228	)

Warranty provision as of June 30, 2015	$	12,738
Warranty claims provision		12,296
Settlements made		(9,086	)

Warranty provision as of June 30, 2016	$	15,948

Recent Accounting Updates Not Yet Adopted—In May 2014, the Financial Accounting Standards Board ("FASB") issued an accounting standards update ("ASU") 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 ASU is effective for fiscal years beginning after December 15, 2017 and for interim reporting periods within that reporting period. Earlier application is permitted only as of fiscal years beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company has not yet selected a transition method and is currently evaluating the impact this ASU may have on its financial condition and results of operations.

In July 2015, FASB issued an ASU amending some of the guidance on subsequent measurement of inventory. This ASU affects companies that are using first-in, first-out or average cost, or any other methods besides last-in, first out or the retail inventory method. This ASU is effective for fiscal years beginning after December 15, 2016, including interim reporting periods within that reporting period. The amendments in this ASU should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company has not yet adopted this ASU and is currently evaluating the impact it may have on its financial condition and results of operations.

In September 2015, FASB issued an ASU simplifying the measurement-period adjustments for acquisitions. This update provides guidance on how an acquirer recognizes adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. This amendment requires the acquirer to recognize adjustments to the provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined rather than retrospectively. This ASU is effective for fiscal years beginning after December 15, 2015, including interim periods within that reporting period. The Company has not yet adopted this ASU and is currently evaluating the impact it may have on its financial condition and results of operations.

In January 2016, FASB issued an ASU which affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. This guidance retains the current accounting for classifying and measuring investments in debt securities and loans, but requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. The guidance also changes the accounting for investments without a readily determinable fair value and that do not qualify for the practical expedient permitted by the guidance to estimate fair value. A policy election can be made for these investments whereby estimated fair value may be measured at cost and adjusted in subsequent periods for any impairment or changes in observable prices of identical or similar investments. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within that reporting period. Early application is permitted. The Company has not yet adopted this ASU and is currently evaluating the impact it may have on its financial condition and results of operations.

In February 2016, the FASB issued an ASU which affects the accounting for leases. The guidance requires lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months. The amendment also will require qualitative and quantitative disclosures designed to give financial statement users information on the amount, timing, and uncertainty of cash flows arising from leases. This ASU is effective for fiscal years beginning after December 15, 2018, and interim periods within that reporting period. Early application is 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.

In March 2016, the FASB issued an ASU relating to employee share-based payment accounting. This guidance simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, and interim periods within that reporting period. The Company has not yet adopted this ASU and is currently evaluating the impact it may have on its financial condition and results of operations.

INVENTORIES

12 Months Ended

Jun. 30, 2016

INVENTORIES

INVENTORIES

2. INVENTORIES

Inventory consisted of the following (in thousands):

	June 30,
	2015		2016
Raw materials	$	131,373	$	133,540
Work-in-process		45,386		47,460
Finished goods		53,662		92,288

Total	$	230,421	$	273,288

PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2016

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	2015			2016
Land	N/A	$	14,419		$	14,498
Buildings, civil works and improvements	20-40 years		170,373			170,232
Leasehold improvements	1-12 years		9,991			9,015
Equipment and tooling	3-10 years		152,518			154,309
Furniture and fixtures	3-13 years		3,475			3,314
Computer equipment	3-5 years		17,147			17,902
Computer software	3-10 years		16,612			17,769
Construction in process	N/A		6,365			4,978

Total			390,900			392,017
Less accumulated depreciation and amortization			(165,197	)		(208,903	)

Property and equipment, net		$	225,703		$	183,114

During fiscal 2014, 2015 and 2016, depreciation expense was approximately $49.9 million, $55.4 million and $52.2 million, respectively.

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2016

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

4. GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying amount of goodwill for fiscal 2015 and 2016 are as follows (in thousands):

	Security Division			Healthcare Division			Optoelectronics and Manufacturing Division			Consolidated
Balance as of June 30, 2014	$	29,507		$	37,237		$	25,863		$	92,607
Goodwill acquired or adjusted during the period		957			6,988			(49	)		7,896
Foreign currency translation adjustment		(734	)		(1,043	)		(559	)		(2,336	)

Balance as of June 30, 2015	$	29,730		$	43,182		$	25,255		$	98,167
Goodwill acquired or adjusted during the period		3,187			—			23,980			27,167
Foreign currency translation adjustment		5			(608	)		(1,912	)		(2,515	)

Balance as of June 30, 2016	$	32,922		$	42,574		$	47,323		$	122,819

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

		June 30, 2015						June 30, 2016
	Weighted Average Lives	Gross Carrying Value		Accumulated Amortization		Intangibles Net		Gross Carrying Value		Accumulated Amortization		Intangibles Net
Amortizable assets:
Software development costs	8 years	$	24,631	$	7,500	$	17,131	$	22,091	$	4,120	$	17,971
Patents	20 years		7,206		994		6,212		8,111		1,760		6,351
Developed technology	11 years		13,397		4,528		8,869		12,901		3,969		8,932
Customer relationships/backlog	7 years		8,619		3,406		5,213		14,223		4,862		9,361

Total amortizable assets			53,853		16,428		37,425		57,326		14,711		42,615
Non-amortizable assets:
Trademarks			12,988		—		12,988		13,668		—		13,668

Total intangible assets		$	66,841	$	16,428	$	50,413	$	70,994	$	14,711	$	56,283

Amortization expense for fiscal 2014, 2015 and 2016 was $4.3 million, $3.6 million and $5.7 million, respectively. Future acquisitions could cause these amounts to increase. At June 30, 2016, estimated future amortization expense was as follows (in thousands):

2017	$	7,784
2018		8,647
2019		7,282
2020		4,787
2021		2,594
2022 and thereafter, including assets that have not yet begun to be amortized		11,521

Total	$	42,615

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 2014, 2015 and 2016, the Company capitalized software development costs in the amount of $3.0 million, $3.0 million and $2.7 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, 2016

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

5. IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

During the year ended June 30, 2016, the Company determined that certain assets will not be used and are permanently impaired. The Company also determined that it is more likely than not that a minority interest investment will not be recovered and that it is appropriate to impair the asset. In addition, the Company accounts for certain charges related to restructuring activities, litigation, acquisition-related costs and other non-routine charges as Impairment, restructuring and other charges in the consolidated financial statements.

The following table summarizes the impairment, restructuring and other charges for fiscal 2014, 2015 and 2016 (in thousands):

	2014		2015		2016
Impairment of assets	$	—	$	—	$	6,821
Impairment of minority interest investment		—		—		2,853

Total impairment charges		—		—		9,674
Debt restructuring		1,325		—		—
Facility closure / consolidations		2,772		2,524		693
Employee termination costs		1,555		2,850		4,547
Charges related to government contract issues		5,798		3,772		496
Charges related to class action litigation		594		704		—
Legal settlements and related costs		—		—		2,934
Acquisition-related costs		—		—		3,476
Other		—		—		194

Total impairment, restructuring and other charges	$	12,044	$	9,850	$	22,014

LINE-OF-CREDIT BORROWINGS AND DEBT

12 Months Ended

Jun. 30, 2016

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 revolving credit facility maturing May 2019. The credit facility includes 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 LIBOR plus a margin of 1.25% as of June 30, 2016. 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. The unused portion of the facility bears a commitment fee of 0.20% as of June 30, 2016 but this 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 certain of the Company's U.S.-based subsidiaries and are secured by substantially all of the assets of the Company and certain subsidiaries. The agreement contains various representations and warranties, affirmative, negative and financial covenants, and conditions of default customary for financing agreements of this type. As of June 30, 2016, there was $125 million outstanding under the revolving credit facility and $6.2 million outstanding under the letters-of-credit sub-facility. As of June 30, 2016, the Company believes that it is in 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 U.S. dollars, to meet short-term working capital requirements and for the issuance of letters-of-credit. As of June 30, 2016, $37.1 million was outstanding under these letter-of-credit facilities, while no debt was outstanding. As of June 30, 2016, the total amount available under these credit facilities was $19.1 million, with a total cash borrowing sub-limit of $1.3 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, which bears interest at LIBOR plus 1.25%, is payable on a monthly basis over seven years. 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.

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

	2015		2016
Term loans	$	8,935	$	6,847
Other long-term debt		2,422		1,966
		11,357		8,813
Less current portion of long-term debt		2,801		2,759

Long-term portion of debt	$	8,556	$	6,054

Fiscal year principal payments of long-term debt as of June 30, 2016 are as follows (in thousands):

2017	$	2,759
2018		2,383
2019		2,044
2020		801
2021		183
2022 and thereafter		643

Total	$	8,813

STOCK-BASED COMPENSATION

12 Months Ended

Jun. 30, 2016

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

7. STOCK-BASED COMPENSATION

As of June 30, 2016, 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):

	2014			2015			2016
Cost of goods sold	$	887		$	1,037		$	1,199
Selling, general and administrative		15,940			21,249			19,307
Research and development		156			215			253

Stock based compensation expense		16,983			22,501			20,759
Less: Related income tax benefit		(6,498	)		(8,552	)		(7,762	)

Stock based compensation expense, net	$	10,485		$	13,949		$	12,997

As of June 30, 2016, total unrecognized compensation cost related to share-based compensation grants were estimated at $0.8 million for stock options and $12.0 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 1.8 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, 2014, 2015 and 2016, employees purchased 29,185, 65,706 and 60,375 shares, respectively. As of June 30, 2016, there were 893,119 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 criteria.

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.

	2014			2015			2016
Expected dividend		0	%		0	%		0	%
Risk-free interest rate		1.3	%		1.5	%		1.4	%
Expected volatility		33.0	%		31.0	%		31.0	%
Expected holding period (in years)		4.5			4.5			4.5

The following summarizes stock option activity for fiscal years 2014, 2015 and 2016:

	Number of Options			Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value (in thousands)
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
Granted		45,104			68.05
Exercised		(38,907	)		41.20
Expired or forfeited		(16,538	)		62.20

Outstanding at June 30, 2015		1,012,650			27.30
Granted		35,162			73.42
Exercised		(107,059	)		28.05
Expired or forfeited		(6,641	)		66.56

Outstanding at June 30, 2016		934,112			28.67		4.0 years	$	28,378


Exercisable at June 30, 2016		887,786		$	25.94		3.7 years	$	28,373

The per-share weighted-average grant-date fair value of stock options granted under the OSI Plans was $20.78, $19.26 and $20.66 for fiscal 2014, 2015 and 2016, respectively. The total intrinsic value of options exercised during fiscal 2016 was $6,077,000.

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

	Shares			Weighted- Average Fair Value
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
Granted		281,163			64.68
Vested		(262,221	)		42.75
Forfeited		(20,436	)		55.62

Nonvested at June 30, 2015		659,906		$	63.75
Granted		337,628			72.90
Vested		(417,896	)		65.36
Forfeited		(49,140	)		67.70

Nonvested at June 30, 2016		530,498		$	67.94

The per-share weighted average grant-date fair value of restricted stock and RSUs granted under the OSI Plans was $63.73, $64.68 and $72.90 for fiscal 2014, 2015 and 2016, respectively. The total fair value of shares vested during fiscal 2014, 2015 and 2016 was $11.2 million, $11.2 million and $27.3 million, respectively.

As of June 30, 2016, there were approximately 2.0 million 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 160,922, 151,469 and 139,300 performance-based awards during fiscal 2014, 2015 and 2016, respectively. These performance-based restricted stock and RSU awards are contingent on the achievement of certain performance metrics. The payout can range from zero to 250% of the original number of shares or units awarded.

INCOME TAXES

12 Months Ended

Jun. 30, 2016

INCOME TAXES

INCOME TAXES

8. INCOME TAXES

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

	2014			2015			2016
Pre-tax income (loss):
United States	$	(22,604	)	$	(16,428	)	$	(34,732	)
Foreign		98,459			105,281			70,227

Total pre-tax income	$	75,855		$	88,853		$	35,495

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

	2014			2015			2016
Current:
Federal	$	(704	)	$	2,502		$	(488	)
State		113			1,276			108
Foreign		20,616			25,880			22,942

Total current provision		20,025			29,658			22,562
Deferred:
Federal	$	(5,366	)	$	(7,910	)	$	(11,865	)
State		(1,128	)		(1,180	)		473
Foreign		14,430			3,134			(1,832	)

Total deferred provision		7,936			(5,956	)		(13,224	)

Total provision	$	27,961		$	23,702		$	9,338

As of June 30, 2015 and 2016, the Company's liability for uncertain tax positions was $6.7 million and $4.9 million, respectively. The $4.9 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, 2016, the Company had accrued $0.5 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 2014, 2015 and 2016 is as follows (in thousands).

Balance as July 1, 2014	$	6,824
Additions on tax positions for the current year		5,806
Additions on tax positions from prior years		453
Reduction in tax position from prior year		(2,034	)

Balance at June 30, 2015	$	11,049
Additions on tax positions for the current year		350
Additions on tax positions from prior years		533
Reduction in tax position from prior year		(2,178	)

Balance at June 30, 2016	$	9,754

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, 2016, undistributed earnings of the foreign subsidiaries amounted to approximately $577 million. The amount of unrecognized deferred tax liability related to these temporary differences is estimated to be approximately $202 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,
	2015			2016
Deferred income tax assets:
Tax credit carryforwards	$	9,274		$	16,003
Net operating loss carryforwards		5,915			17,468
Customer advances		25,797			14,284
Allowance for doubtful accounts		2,978			3,757
Inventory reserve		9,308			10,700
Inventory capitalization		3,257			4,637
Accrued liabilities		6,221			5,912
Stock & deferred compensation		21,087			20,699
Other assets		5,904			3,641

Total deferred income tax assets		89,741			97,101
Valuation allowance		(12,728	)		(14,458	)

Net deferred income tax assets		77,013			82,643

Deferred income tax liabilities:
Depreciation		(50,029	)		(41,415	)
State income taxes		(1,965	)		(1,629	)
Amortization of intangible assets		(14,412	)		(21,408	)
Prepaid expenses		(5,767	)		(3,813	)
Other liabilities		(13	)		(63	)

Total deferred income tax liabilities		(72,186	)		(68,328	)

Net deferred tax asset	$	4,827		$	14,315

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

	2015			2016
Long term deferred income tax asset, included in other assets		35,515			43,475
Long term deferred income tax liability		(30,688	)		(29,160	)

Net deferred income tax asset	$	4,827		$	14,315

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

	2015			2016
Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets	$	12,784		$	12,495
Current taxes payable		(9,610	)		(8,032	)

Net tax receivable		3,174			4,463

As of June 30, 2016, the Company had federal, state, and foreign net operating loss carryforwards of approximately $36.1 million, $47.7 million and $28.7 million, respectively. As of June 30, 2016, the Company had federal and state research and development tax credit carryforwards of approximately $9.6 million and $3.8 million, respectively. As of June 30, 2016, the Company had foreign tax credit carryforwards of $7.3 million. The Company's credit carryforwards will begin to expire in the tax year ending June 30, 2018.

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, 2016, the Company recorded a net aggregated increase of $1.7 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, 2016, deferred tax assets do not include approximately $4.7 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 $4.7 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,
	2014			2015			2016
Provision for income taxes at federal statutory rate		35.0	%		35.0	%		35.0	%
UK Patent Box benefit		—			(2.1	)		—
Impact to tax rate as a result of accelerating depreciation of certain foreign assets		10.1			—			—
Research and development tax credits		(0.7	)		(0.9	)		(1.8	)
Foreign income subject to tax at other than federal statutory rate		(10.0	)		(9.4	)		(8.9	)
Change in valuation allowance		2.8			(1.1	)		5.8
Unrecognized tax benefit		(2.5	)		4.1			(5.0	)
Tax on foreign currency gains and losses		—			—			2.3
Transaction costs		—			—			2.3
US Tax on Foreign Earnings		0.3			4.9			4.5
Non-taxable earnings from acquisitions		(0.5	)		(2.3	)		(7.9	)
Mexico imputed income or expense		2.8			(0.7	)		(0.4	)
Other		(0.4	)		(0.8	)		0.4

Effective income tax rate		36.9	%		26.7	%		26.3	%

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.

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Jun. 30, 2016

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

9. COMMITMENTS AND CONTINGENCIES

The following is a summary of commitments as of June 30, 2016 (in thousands):

	Payments Due by Period
	Total		Less than 1 year		1-3 years		3-5 years		After 5 years
Total debt	$	133,813	$	127,759	$	4,427	$	984	$	643
Operating leases	$	17,050	$	6,651	$	6,864	$	2,450	$	1,085
Purchase obligations	$	25,360	$	24,730	$	630	$	—	$	—
Acquisition-related obligations	$	288,839	$	274,776	$	10,003	$	4,060	$	—
Defined benefit plan obligation	$	9,615	$	139	$	847	$	2,380	$	6,249

Total contractual obligations	$	474,677	$	434,055	$	22,771	$	9,874	$	7,977


Other Commercial Commitments—letters of credit	$	43,241	$	9,351	$	29,439	$	1,017	$	3,434

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 $9.9 million, $10.0 million and $9.0 million for fiscal years 2014, 2015 and 2016, 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 $34.7 million as of June 30, 2016. 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, 2015 and 2016, $17.2 million and $17.1 million of contingent payment obligations, respectively, are included in Other accrued expenses and current liabilities and Other long-term liabilities in the accompanying consolidated balance sheets. During fiscal 2016, additional contingent consideration of $13.8 million was recorded as a result of three acquisitions consummated during the period, $0.8 million of contingent consideration was paid, and the liability was reduced by $13.1 million due to revaluation and is included as a reduction to Selling, general and administrative expense in the consolidated statements of operations.

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 at various locations throughout the country. 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, 2016, $25.0 million of this advance remains outstanding and is included in Advances from customers.

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 investigation, 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, having occurred prior to the Company's occupancy. Further, the groundwater contamination is a known regional issue, not limited to the Company's premises or its immediate surroundings. The Company has filed all requisite reports with the appropriate environmental authorities and continues to cooperate with the local governing agency to develop a complete and accurate characterization of this site. Recent activities include the installation of groundwater monitoring wells, indoor air quality monitoring and additional soil and soil vapor studies. Results from these studies are being evaluated to determine the extent of the on-site releases as well as appropriate and cost-effective remedial action measures. 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 these environmental matters are resolved in a manner adverse to the Company, the impact on the Company's business, financial condition, results of operations and cash flow 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, warranties or covenants, or 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 directors and certain of its officers. 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 contingent indemnification obligations as of June 30, 2016.

Legal Proceedings—Three shareholder derivative complaints (the "Derivative Actions") have been filed purportedly on behalf of the Company against the members of the Company's Board of Directors (as individual defendants). Hagan v. Chopra et al. was filed in the United States District Court for the Central District of California (the "Court") on April 15, 2014, and was subsequently consolidated by the Court with City of Irving Benefit Plan v. Chopra et al., which was filed on December 29, 2014. Kocen v. Chopra et al. was filed in the Delaware Court of Chancery on July 14, 2015. The Derivative Actions generally assert claims for breach of fiduciary duties and unjust enrichment against the individual defendants on behalf of the Company. Plaintiffs in the Derivative Actions seek unspecified damages, restitution, injunctive relief, attorneys' and experts' fees, costs, expenses, and other unspecified relief. Following a mediation and post-mediation settlement discussions, the parties to the Derivative Actions reached a settlement and have signed a settlement term sheet, which, if approved, would provide for the resolution of all pending claims in both the California and Delaware actions. The Company and the other defendants agreed to the settlement term sheet to avoid further expense, inconvenience, and the distraction and inherent risks of burdensome and protracted litigation. Neither the Company nor the individual defendants conceded any wrongdoing or liability, and continue to believe that they have meritorious defenses to all claims alleged in the Derivative Actions. The settlement is subject to approval by the Court and certain other conditions.

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 it believes that, although unfavorable outcomes in the proceedings may be possible, they are not considered by management to be probable and 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 cash flow could be material.

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Jun. 30, 2016
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	10. STOCKHOLDERS' EQUITY Stock Repurchase Program The Company's Board of Directors has authorized Common Stock repurchase programs. During fiscal 2014, 2015 and 2016, the Company repurchased 165,845 shares, 454,635 shares and 1,201,402 shares, respectively, under these programs. As of June 30, 2016, 1,063,158 shares were available for additional repurchase under the programs. 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

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.(d),(e))
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 210
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Subparagraph (SX 210.3-04)
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

RELATED-PARTY TRANSACTIONS	12 Months Ended
RELATED-PARTY TRANSACTIONS	Jun. 30, 2016
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 of OSI Solutions Business and Director owns a 4.5% ownership interest. The Company's initial investment was approximately $0.1 million. For each of the years ended June 30, 2015 and 2016, the Company's equity earnings in the joint venture were less than $0.1 million. 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 of OSI Solutions Business and Director 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 2014, 2015 and 2016 were approximately $5.2 million, $7.3 million and $9.1 million, respectively. Receivables from the joint venture were $2.7 million and $3.6 million as of June 30, 2015 and 2016, respectively. The Company has contracted with entities owned by its Chief Executive Officer and/or his family members to provide auto rental, printing, warehousing and consulting services. Such expenses for 2014 and 2016 were approximately $31,000 and $34,000, respectively; there were no expenses during 2015.

- 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, 2016

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 $4.1 million, $4.5 million and $4.6 million to the plans for the fiscal years ended June 30, 2014, 2015 and 2016, 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 $0.6 million, $0.7 million and $0.6 million during fiscal year 2014, 2015 and 2016, respectively. As of June 30, 2016, the Company held assets of $21.3 million and liabilities of $16.0 million related to this plan. 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 2015 and 2016, and a statement of the funded status as of June 30, 2015 and 2016 (in thousands):

	2015			2016
Change in Benefit Obligation
Benefit obligation at beginning of year	$	13,690		$	13,896
Translation adjustment		(941	)		(933	)
Service costs		34			—
Interest costs		671			582
Curtailment		—			(1,187	)
Actuarial (gain) loss		585			1,226
Benefits paid		(143	)		(279	)

Benefit obligation at end of year		13,896			13,305

Change in Plan Assets
Fair value of plan assets at beginning of year		7,711			7,090
Translation adjustment		(849	)		(923	)
Actual return on plan assets		366			488
Company contributions		77			55
Benefits paid		(215	)		(1,500	)

Fair value of plan assets at end of year		7,090			5,210

Funded status		(6,806	)		(8,095	)
Unrecognized net actuarial loss		—			—

Net amount recognized	$	(6,806	)	$	(8,095	)


Amount recognized in consolidated balance sheets consists of:
Investments	$	782		$	648
Accrued pension liability		(6,829	)		(8,581	)
Accumulated other comprehensive income		2,488			2,792

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

	2014			2015			2016
Net Periodic Benefit Costs
Service costs	$	58		$	34		$	—
Interest costs		697			671			582
Expected return on plan assets		(393	)		(418	)		(303	)
Amortization of prior service costs		615			615			420
Recognized actuarial loss		144			204			43

Net periodic benefit cost	$	1,121		$	1,106		$	742

Plan Assumptions

	2015			2016
Weighted average assumptions at year-end:
Discount rate		4.5	%		3.5	%
Expected return on plan assets		5.1	%		4.8	%
Rate of compensation increase		2.0	%		2.9	%

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, 2015						Fiscal year ended June 30, 2016
	Proportion of Fair Value			Expected Rate of Return			Proportion of Fair Value			Expected Rate of Return
Equity securities		56	%		7	%		58	%		7	%
Debt securities		40	%		2	%		32	%		2	%
Other		4	%		4	%		10	%		2	%

Combined		100	%		5.1	%		100	%		4.8	%

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, 2016 (in thousands):

	Pension Benefits
July 1, 2016 to June 30, 2017	$	139
July 1, 2017 to June 30, 2018		171
July 1, 2018 to June 30, 2019		676
July 1, 2019 to June 30, 2020		1,185
July 1, 2020 to June 30, 2021		1,195
July 1, 2021 to June 30, 2026		6,249

Company Contribution

As of June 30, 2016, the Company's weighted average contribution rate is under 1% of pensionable salaries. If Company contributions continue at the current rate, the estimated total Company contributions for fiscal 2017 will be approximately $0.1 million.

SEGMENT INFORMATION

12 Months Ended

Jun. 30, 2016

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, 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 OEM customers, 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):

	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	$	120,727		$	(4,652	)	$	1,011,077


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

	2015
	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	481,087	$	255,691	$	221,424	$	—		$	—		$	958,202
Revenue between product segments		—		—		46,448		—			(46,448	)		—

Total revenues	$	481,087	$	255,691	$	267,872	$	—			(46,448	)	$	958,202


Income (loss) from operations	$	67,804	$	24,666	$	17,533	$	(17,455	)	$	(440	)	$	92,108


Segments assets	$	470,808	$	223,412	$	164,922	$	82,789		$	(4,642	)	$	937,289


Capital expenditures	$	7,601	$	2,628	$	3,411	$	1,646		$	—		$	15,286


Depreciation and amortization	$	45,231	$	7,223	$	5,028	$	1,494		$	—		$	58,976

	2016
	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	411,212	$	211,458	$	206,990	$	—		$	—		$	829,660
Revenue between product segments		—		—		40,512		—			(40,512	)		—

Total revenues	$	411,212	$	211,458	$	247,502	$	—			(40,512	)	$	829,660


Income (loss) from operations	$	37,845	$	8,351	$	19,654	$	(27,199	)	$	(277	)	$	38,374


Segments assets	$	519,068	$	200,067	$	211,337	$	64,970		$	(3,719	)	$	991,723


Capital expenditures	$	8,910	$	2,395	$	4,539	$	1,844		$	—		$	17,688


Depreciation and amortization	$	43,257	$	7,401	$	5,842	$	1,422		$	—		$	57,922

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

	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 Europe, Middle East and Africa		18,543		—			18,543			5,807		10,317

Total EMEA		170,505		—			170,505			30,064		62,427
Asia-Pacific		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

	2015
	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	472,990	$	6,583		$	479,573		$	48,203	$	154,338
Mexico		120,582		—			120,582			154,939		154,939
Other Americas		21,035		—			21,035			6,158		6,158

Total Americas		614,607		6,583			621,190			209,300		315,435
United Kingdom		159,127		333			159,460			31,467		58,594
Other Europe, Middle East and Africa		31,238		—			31,238			1,472		14,323

Total EMEA		190,365		333			190,698			32,939		72,917
Asia-Pacific		153,230		39,532			192,762			14,320		16,787
Eliminations		—		(46,448	)		(46,448	)		N/A		N/A

Total	$	958,202	$	—		$	958,202		$	256,559	$	405,139

	2016
	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	404,929	$	5,803		$	410,732		$	40,855	$	167,860
Mexico		119,039		—			119,039			115,954		115,954
Other Americas		15,525		—			15,525			5,193		7,055

Total Americas		539,493		5,803			545,296			162,002		290,869
United Kingdom		130,812		1,128			131,940			25,505		61,037
Other Europe, Middle East and Africa		38,233		—			38,233			11,556		23,898

Total EMEA		169,045		1,128			170,173			37,061		84,935
Asia-Pacific		121,122		33,581			154,703			14,765		17,126
Eliminations		—		(40,512	)		(40,512	)		N/A		N/A

Total	$	829,660	$	—		$	829,660		$	213,828	$	392,930

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 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

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
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

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-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
-Topic 280
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Jun. 30, 2016

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, 2014	$	7,277	$	193	$	—	$	1,779	$	5,691


Year ended June 30, 2015	$	5,691	$	340	$	—	$	131	$	5,900


Year ended June 30, 2016	$	5,900	$	2,095	$	—	$	944	$	7,051

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Jun. 30, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of Business

Reclassifications—Certain reclassifications have been made to prior year amounts within the consolidated balance sheet to conform to the current year's presentation.

	Changes to Consolidated Balance Sheet as of June 30, 2015
	As previously presented DR (CR)			Reclassifications Pursuant to ASU 2015-17			Other Reclassifications			Current DR (CR)
Deferred income tax asset		44,887			(44,887	)					—
Other assets		63,870			2,502						66,372
Income tax payable		(9,610	)		—			9,610			—
Other accrued expenses and current liabilities		(52,593	)		7,638			(9,610	)		(54,565	)
Advances from customers—non-current		(25,000	)					25,000			—
Deferred income tax liability		(65,435	)		34,747						(30,688	)
Other long-term liabilities		(49,623	)					(25,000	)		(74,623	)

					—			—


Net decrease to working capital					(37,249	)		—


Net decrease to total assets					(42,385	)		—

Cash Equivalents

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 (in thousands):

	June 30,
	2015			2016
Accounts receivables	$	184,419		$	148,767
Less allowance for doubtful accounts		(5,900	)		(7,051	)

Total	$	178,519		$	141,716

Inventories

Property and Equipment

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

Income Taxes

Fair Value of Financial Instruments

	June 30, 2015										June 30, 2016
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Assets:
Equity securities	$	291	$	2,150		$	—	$	2,441		$	354	$	—			—	$	354
Insurance company contracts		—		20,100			—		20,100			—		21,353			—		21,353
Interest rate contract		—		(41	)		—		(41	)		—		(31	)		—		(31	)

Total assets	$	291	$	22,209		$	—	$	22,500		$	354	$	21,322		$	—	$	21,676


Liabilities—Contingent payment obligations	$	—	$	—		$	17,175	$	17,175		$	—	$	—		$	17,117	$	17,117

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):

	2014		2015		2016
Net income available to common stockholders	$	47,894	$	65,151	$	26,157


Weighted average shares outstanding—basic		19,952		19,799		19,427
Dilutive effect of equity awards		635		727		649

Weighted average shares outstanding—diluted		20,587		20,526		20,076


Basic earnings per share	$	2.40	$	3.29	$	1.35


Diluted earnings per share	$	2.33	$	3.17	$	1.30

Warranty provision

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

Warranty provision as of June 30, 2014	$	11,923
Warranty claims provision		6,043
Settlements made		(5,228	)

Warranty provision as of June 30, 2015	$	12,738
Warranty claims provision		12,296
Settlements made		(9,086	)

Warranty provision as of June 30, 2016	$	15,948

Recent Accounting Updates Not Yet Adopted

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of reclassification of consolidated balance sheet line items, due to early adoption of ASU 2015-17

The following table summarizes these reclassifications as follows (in thousands):

	Changes to Consolidated Balance Sheet as of June 30, 2015
	As previously presented DR (CR)			Reclassifications Pursuant to ASU 2015-17			Other Reclassifications			Current DR (CR)
Deferred income tax asset		44,887			(44,887	)					—
Other assets		63,870			2,502						66,372
Income tax payable		(9,610	)		—			9,610			—
Other accrued expenses and current liabilities		(52,593	)		7,638			(9,610	)		(54,565	)
Advances from customers—non-current		(25,000	)					25,000			—
Deferred income tax liability		(65,435	)		34,747						(30,688	)
Other long-term liabilities		(49,623	)					(25,000	)		(74,623	)

					—			—


Net decrease to working capital					(37,249	)		—


Net decrease to total assets					(42,385	)		—

Components of accounts receivable

Components of accounts receivable consisted of (in thousands):

	June 30,
	2015			2016
Accounts receivables	$	184,419		$	148,767
Less allowance for doubtful accounts		(5,900	)		(7,051	)

Total	$	178,519		$	141,716

Summary of fair values of financial assets and liabilities

The fair values of our financial assets and liabilities as of June 30, 2015 and 2016 are categorized as follows (in thousands):

	June 30, 2015										June 30, 2016
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
Assets:
Equity securities	$	291	$	2,150		$	—	$	2,441		$	354	$	—			—	$	354
Insurance company contracts		—		20,100			—		20,100			—		21,353			—		21,353
Interest rate contract		—		(41	)		—		(41	)		—		(31	)		—		(31	)

Total assets	$	291	$	22,209		$	—	$	22,500		$	354	$	21,322		$	—	$	21,676


Liabilities—Contingent payment obligations	$	—	$	—		$	17,175	$	17,175		$	—	$	—		$	17,117	$	17,117

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):

	2014		2015		2016
Net income available to common stockholders	$	47,894	$	65,151	$	26,157


Weighted average shares outstanding—basic		19,952		19,799		19,427
Dilutive effect of equity awards		635		727		649

Weighted average shares outstanding—diluted		20,587		20,526		20,076


Basic earnings per share	$	2.40	$	3.29	$	1.35


Diluted earnings per share	$	2.33	$	3.17	$	1.30

Schedule of changes in warranty provisions

The warranty provision is included in the Other accrued expenses and current liabilities in the consolidated balance sheets, whose activity for each of the three fiscal years ended June 30, 2016 is summarized in the following table (in thousands)

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

Warranty provision as of June 30, 2014	$	11,923
Warranty claims provision		6,043
Settlements made		(5,228	)

Warranty provision as of June 30, 2015	$	12,738
Warranty claims provision		12,296
Settlements made		(9,086	)

Warranty provision as of June 30, 2016	$	15,948

INVENTORIES (Tables)

12 Months Ended

Jun. 30, 2016

INVENTORIES

Schedule of inventory

Inventory consisted of the following (in thousands):

	June 30,
	2015		2016
Raw materials	$	131,373	$	133,540
Work-in-process		45,386		47,460
Finished goods		53,662		92,288

Total	$	230,421	$	273,288

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Jun. 30, 2016

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	2015			2016
Land	N/A	$	14,419		$	14,498
Buildings, civil works and improvements	20-40 years		170,373			170,232
Leasehold improvements	1-12 years		9,991			9,015
Equipment and tooling	3-10 years		152,518			154,309
Furniture and fixtures	3-13 years		3,475			3,314
Computer equipment	3-5 years		17,147			17,902
Computer software	3-10 years		16,612			17,769
Construction in process	N/A		6,365			4,978

Total			390,900			392,017
Less accumulated depreciation and amortization			(165,197	)		(208,903	)

Property and equipment, net		$	225,703		$	183,114

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2016

GOODWILL AND INTANGIBLE ASSETS

Schedule of carrying amount of goodwill

The changes in the carrying amount of goodwill for fiscal 2015 and 2016 are as follows (in thousands):

	Security Division			Healthcare Division			Optoelectronics and Manufacturing Division			Consolidated
Balance as of June 30, 2014	$	29,507		$	37,237		$	25,863		$	92,607
Goodwill acquired or adjusted during the period		957			6,988			(49	)		7,896
Foreign currency translation adjustment		(734	)		(1,043	)		(559	)		(2,336	)

Balance as of June 30, 2015	$	29,730		$	43,182		$	25,255		$	98,167
Goodwill acquired or adjusted during the period		3,187			—			23,980			27,167
Foreign currency translation adjustment		5			(608	)		(1,912	)		(2,515	)

Balance as of June 30, 2016	$	32,922		$	42,574		$	47,323		$	122,819

Schedule of intangible assets subject to amortization

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

		June 30, 2015						June 30, 2016
	Weighted Average Lives	Gross Carrying Value		Accumulated Amortization		Intangibles Net		Gross Carrying Value		Accumulated Amortization		Intangibles Net
Amortizable assets:
Software development costs	8 years	$	24,631	$	7,500	$	17,131	$	22,091	$	4,120	$	17,971
Patents	20 years		7,206		994		6,212		8,111		1,760		6,351
Developed technology	11 years		13,397		4,528		8,869		12,901		3,969		8,932
Customer relationships/backlog	7 years		8,619		3,406		5,213		14,223		4,862		9,361

Total amortizable assets			53,853		16,428		37,425		57,326		14,711		42,615
Non-amortizable assets:
Trademarks			12,988		—		12,988		13,668		—		13,668

Total intangible assets		$	66,841	$	16,428	$	50,413	$	70,994	$	14,711	$	56,283

Schedule of estimated future amortization expense

At June 30, 2016, estimated future amortization expense was as follows (in thousands):

2017	$	7,784
2018		8,647
2019		7,282
2020		4,787
2021		2,594
2022 and thereafter, including assets that have not yet begun to be amortized		11,521

Total	$	42,615

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Tables)

12 Months Ended

Jun. 30, 2016

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES

Summary of the impairment, restructuring and other charges

The following table summarizes the impairment, restructuring and other charges for fiscal 2014, 2015 and 2016 (in thousands):

	2014		2015		2016
Impairment of assets	$	—	$	—	$	6,821
Impairment of minority interest investment		—		—		2,853

Total impairment charges		—		—		9,674
Debt restructuring		1,325		—		—
Facility closure / consolidations		2,772		2,524		693
Employee termination costs		1,555		2,850		4,547
Charges related to government contract issues		5,798		3,772		496
Charges related to class action litigation		594		704		—
Legal settlements and related costs		—		—		2,934
Acquisition-related costs		—		—		3,476
Other		—		—		194

Total impairment, restructuring and other charges	$	12,044	$	9,850	$	22,014

LINE-OF-CREDIT BORROWINGS AND DEBT (Tables)

12 Months Ended

Jun. 30, 2016

LINE-OF-CREDIT BORROWINGS AND DEBT

Schedule of long-term debt

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

	2015		2016
Term loans	$	8,935	$	6,847
Other long-term debt		2,422		1,966
		11,357		8,813
Less current portion of long-term debt		2,801		2,759

Long-term portion of debt	$	8,556	$	6,054

Schedule of fiscal year principal payments of long-term debt

Fiscal year principal payments of long-term debt as of June 30, 2016 are as follows (in thousands):

2017	$	2,759
2018		2,383
2019		2,044
2020		801
2021		183
2022 and thereafter		643

Total	$	8,813

- 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 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 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: 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

Reference 4: 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))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: 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 7: 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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: 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

+ Details

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 30, 2016

STOCK-BASED COMPENSATION

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

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

	2014			2015			2016
Cost of goods sold	$	887		$	1,037		$	1,199
Selling, general and administrative		15,940			21,249			19,307
Research and development		156			215			253

Stock based compensation expense		16,983			22,501			20,759
Less: Related income tax benefit		(6,498	)		(8,552	)		(7,762	)

Stock based compensation expense, net	$	10,485		$	13,949		$	12,997

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

	2014			2015			2016
Expected dividend		0	%		0	%		0	%
Risk-free interest rate		1.3	%		1.5	%		1.4	%
Expected volatility		33.0	%		31.0	%		31.0	%
Expected holding period (in years)		4.5			4.5			4.5

Summary of stock option activity

The following summarizes stock option activity for fiscal years 2014, 2015 and 2016:

	Number of Options			Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value (in thousands)
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
Granted		45,104			68.05
Exercised		(38,907	)		41.20
Expired or forfeited		(16,538	)		62.20

Outstanding at June 30, 2015		1,012,650			27.30
Granted		35,162			73.42
Exercised		(107,059	)		28.05
Expired or forfeited		(6,641	)		66.56

Outstanding at June 30, 2016		934,112			28.67		4.0 years	$	28,378


Exercisable at June 30, 2016		887,786		$	25.94		3.7 years	$	28,373

Summary of restricted stock award and RSU award activity

	Shares			Weighted- Average Fair Value
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
Granted		281,163			64.68
Vested		(262,221	)		42.75
Forfeited		(20,436	)		55.62

Nonvested at June 30, 2015		659,906		$	63.75
Granted		337,628			72.90
Vested		(417,896	)		65.36
Forfeited		(49,140	)		67.70

Nonvested at June 30, 2016		530,498		$	67.94

INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2016

INCOME TAXES

Schedule of geographical breakdown of income before the provision for income taxes

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

	2014			2015			2016
Pre-tax income (loss):
United States	$	(22,604	)	$	(16,428	)	$	(34,732	)
Foreign		98,459			105,281			70,227

Total pre-tax income	$	75,855		$	88,853		$	35,495

Schedule of provision (benefit) for income taxes

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

	2014			2015			2016
Current:
Federal	$	(704	)	$	2,502		$	(488	)
State		113			1,276			108
Foreign		20,616			25,880			22,942

Total current provision		20,025			29,658			22,562
Deferred:
Federal	$	(5,366	)	$	(7,910	)	$	(11,865	)
State		(1,128	)		(1,180	)		473
Foreign		14,430			3,134			(1,832	)

Total deferred provision		7,936			(5,956	)		(13,224	)

Total provision	$	27,961		$	23,702		$	9,338

Summary of activity of unrecognized tax benefits

A summary of activity of unrecognized tax benefits for fiscal 2014, 2015 and 2016 is as follows (in thousands).

Balance as July 1, 2014	$	6,824
Additions on tax positions for the current year		5,806
Additions on tax positions from prior years		453
Reduction in tax position from prior year		(2,034	)

Balance at June 30, 2015	$	11,049
Additions on tax positions for the current year		350
Additions on tax positions from prior years		533
Reduction in tax position from prior year		(2,178	)

Balance at June 30, 2016	$	9,754

Schedule of deferred income tax assets (liabilities)

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

	June 30,
	2015			2016
Deferred income tax assets:
Tax credit carryforwards	$	9,274		$	16,003
Net operating loss carryforwards		5,915			17,468
Customer advances		25,797			14,284
Allowance for doubtful accounts		2,978			3,757
Inventory reserve		9,308			10,700
Inventory capitalization		3,257			4,637
Accrued liabilities		6,221			5,912
Stock & deferred compensation		21,087			20,699
Other assets		5,904			3,641

Total deferred income tax assets		89,741			97,101
Valuation allowance		(12,728	)		(14,458	)

Net deferred income tax assets		77,013			82,643

Deferred income tax liabilities:
Depreciation		(50,029	)		(41,415	)
State income taxes		(1,965	)		(1,629	)
Amortization of intangible assets		(14,412	)		(21,408	)
Prepaid expenses		(5,767	)		(3,813	)
Other liabilities		(13	)		(63	)

Total deferred income tax liabilities		(72,186	)		(68,328	)

Net deferred tax asset	$	4,827		$	14,315

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):

	2015			2016
Long term deferred income tax asset, included in other assets		35,515			43,475
Long term deferred income tax liability		(30,688	)		(29,160	)

Net deferred income tax asset	$	4,827		$	14,315

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):

	2015			2016
Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets	$	12,784		$	12,495
Current taxes payable		(9,610	)		(8,032	)

Net tax receivable		3,174			4,463

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

	June 30,
	2014			2015			2016
Provision for income taxes at federal statutory rate		35.0	%		35.0	%		35.0	%
UK Patent Box benefit		—			(2.1	)		—
Impact to tax rate as a result of accelerating depreciation of certain foreign assets		10.1			—			—
Research and development tax credits		(0.7	)		(0.9	)		(1.8	)
Foreign income subject to tax at other than federal statutory rate		(10.0	)		(9.4	)		(8.9	)
Change in valuation allowance		2.8			(1.1	)		5.8
Unrecognized tax benefit		(2.5	)		4.1			(5.0	)
Tax on foreign currency gains and losses		—			—			2.3
Transaction costs		—			—			2.3
US Tax on Foreign Earnings		0.3			4.9			4.5
Non-taxable earnings from acquisitions		(0.5	)		(2.3	)		(7.9	)
Mexico imputed income or expense		2.8			(0.7	)		(0.4	)
Other		(0.4	)		(0.8	)		0.4

Effective income tax rate		36.9	%		26.7	%		26.3	%

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Jun. 30, 2016

COMMITMENTS AND CONTINGENCIES

Summary of commitments

The following is a summary of commitments as of June 30, 2016 (in thousands):

	Payments Due by Period
	Total		Less than 1 year		1-3 years		3-5 years		After 5 years
Total debt	$	133,813	$	127,759	$	4,427	$	984	$	643
Operating leases	$	17,050	$	6,651	$	6,864	$	2,450	$	1,085
Purchase obligations	$	25,360	$	24,730	$	630	$	—	$	—
Acquisition-related obligations	$	288,839	$	274,776	$	10,003	$	4,060	$	—
Defined benefit plan obligation	$	9,615	$	139	$	847	$	2,380	$	6,249

Total contractual obligations	$	474,677	$	434,055	$	22,771	$	9,874	$	7,977


Other Commercial Commitments—letters of credit	$	43,241	$	9,351	$	29,439	$	1,017	$	3,434

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Jun. 30, 2016

EMPLOYEE BENEFIT PLANS

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

	2015			2016
Change in Benefit Obligation
Benefit obligation at beginning of year	$	13,690		$	13,896
Translation adjustment		(941	)		(933	)
Service costs		34			—
Interest costs		671			582
Curtailment		—			(1,187	)
Actuarial (gain) loss		585			1,226
Benefits paid		(143	)		(279	)

Benefit obligation at end of year		13,896			13,305

Change in Plan Assets
Fair value of plan assets at beginning of year		7,711			7,090
Translation adjustment		(849	)		(923	)
Actual return on plan assets		366			488
Company contributions		77			55
Benefits paid		(215	)		(1,500	)

Fair value of plan assets at end of year		7,090			5,210

Funded status		(6,806	)		(8,095	)
Unrecognized net actuarial loss		—			—

Net amount recognized	$	(6,806	)	$	(8,095	)


Amount recognized in consolidated balance sheets consists of:
Investments	$	782		$	648
Accrued pension liability		(6,829	)		(8,581	)
Accumulated other comprehensive income		2,488			2,792

Schedule of net periodic benefit costs

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

	2014			2015			2016
Net Periodic Benefit Costs
Service costs	$	58		$	34		$	—
Interest costs		697			671			582
Expected return on plan assets		(393	)		(418	)		(303	)
Amortization of prior service costs		615			615			420
Recognized actuarial loss		144			204			43

Net periodic benefit cost	$	1,121		$	1,106		$	742

Schedule of plan assumptions

	2015			2016
Weighted average assumptions at year-end:
Discount rate		4.5	%		3.5	%
Expected return on plan assets		5.1	%		4.8	%
Rate of compensation increase		2.0	%		2.9	%

Schedule of plan assets and investment policy

	Fiscal year ended June 30, 2015						Fiscal year ended June 30, 2016
	Proportion of Fair Value			Expected Rate of Return			Proportion of Fair Value			Expected Rate of Return
Equity securities		56	%		7	%		58	%		7	%
Debt securities		40	%		2	%		32	%		2	%
Other		4	%		4	%		10	%		2	%

Combined		100	%		5.1	%		100	%		4.8	%

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, 2016 (in thousands):

	Pension Benefits
July 1, 2016 to June 30, 2017	$	139
July 1, 2017 to June 30, 2018		171
July 1, 2018 to June 30, 2019		676
July 1, 2019 to June 30, 2020		1,185
July 1, 2020 to June 30, 2021		1,195
July 1, 2021 to June 30, 2026		6,249

SEGMENT INFORMATION (Tables)

12 Months Ended

Jun. 30, 2016

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):

	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	$	120,727		$	(4,652	)	$	1,011,077


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

	2015
	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	481,087	$	255,691	$	221,424	$	—		$	—		$	958,202
Revenue between product segments		—		—		46,448		—			(46,448	)		—

Total revenues	$	481,087	$	255,691	$	267,872	$	—			(46,448	)	$	958,202


Income (loss) from operations	$	67,804	$	24,666	$	17,533	$	(17,455	)	$	(440	)	$	92,108


Segments assets	$	470,808	$	223,412	$	164,922	$	82,789		$	(4,642	)	$	937,289


Capital expenditures	$	7,601	$	2,628	$	3,411	$	1,646		$	—		$	15,286


Depreciation and amortization	$	45,231	$	7,223	$	5,028	$	1,494		$	—		$	58,976

	2016
	Security Division		Healthcare Division		Optoelectronics and Manufacturing Division		Corporate			Eliminations			Consolidated
Revenues:
External customer revenue	$	411,212	$	211,458	$	206,990	$	—		$	—		$	829,660
Revenue between product segments		—		—		40,512		—			(40,512	)		—

Total revenues	$	411,212	$	211,458	$	247,502	$	—			(40,512	)	$	829,660


Income (loss) from operations	$	37,845	$	8,351	$	19,654	$	(27,199	)	$	(277	)	$	38,374


Segments assets	$	519,068	$	200,067	$	211,337	$	64,970		$	(3,719	)	$	991,723


Capital expenditures	$	8,910	$	2,395	$	4,539	$	1,844		$	—		$	17,688


Depreciation and amortization	$	43,257	$	7,401	$	5,842	$	1,422		$	—		$	57,922

Schedule of revenues and identifiable assets by geographical area

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

	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 Europe, Middle East and Africa		18,543		—			18,543			5,807		10,317

Total EMEA		170,505		—			170,505			30,064		62,427
Asia-Pacific		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

	2015
	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	472,990	$	6,583		$	479,573		$	48,203	$	154,338
Mexico		120,582		—			120,582			154,939		154,939
Other Americas		21,035		—			21,035			6,158		6,158

Total Americas		614,607		6,583			621,190			209,300		315,435
United Kingdom		159,127		333			159,460			31,467		58,594
Other Europe, Middle East and Africa		31,238		—			31,238			1,472		14,323

Total EMEA		190,365		333			190,698			32,939		72,917
Asia-Pacific		153,230		39,532			192,762			14,320		16,787
Eliminations		—		(46,448	)		(46,448	)		N/A		N/A

Total	$	958,202	$	—		$	958,202		$	256,559	$	405,139

	2016
	External revenues		Intersegment revenues			Total Consolidated			Long lived tangible assets		Long lived assets
Geographic region:
United States	$	404,929	$	5,803		$	410,732		$	40,855	$	167,860
Mexico		119,039		—			119,039			115,954		115,954
Other Americas		15,525		—			15,525			5,193		7,055

Total Americas		539,493		5,803			545,296			162,002		290,869
United Kingdom		130,812		1,128			131,940			25,505		61,037
Other Europe, Middle East and Africa		38,233		—			38,233			11,556		23,898

Total EMEA		169,045		1,128			170,173			37,061		84,935
Asia-Pacific		121,122		33,581			154,703			14,765		17,126
Eliminations		—		(40,512	)		(40,512	)		N/A		N/A

Total	$	829,660	$	—		$	829,660		$	213,828	$	392,930

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Description of Business (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	Jun. 20, 2016 USD ($) $ / shares	Jun. 30, 2016 USD ($) segment	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)
Description of Business
Number of operating segments \| segment		3
Pending acquisition
Total purchase price, net of cash and cash equivalents as of June 30, 2016		$ 19,921	$ 13,919	$ 11,740
Reclassifications
Other assets		74,189	66,372
Income taxes payable		(8,032)	(9,610)
Other accrued expenses and current liabilities		(55,997)	(54,565)
Deferred income tax liability		(29,160)	(30,688)
Other long-term liabilities		(47,828)	(74,623)
Net decrease to total assets		991,723	937,289	1,011,077
Accounts Receivable
Accounts receivables		148,767	184,419
Less allowance for doubtful accounts		(7,051)	(5,900)
Total		141,716	178,519
Property and Equipment
Net value of turnkey security screening program assets at Mexico		15,000
Goodwill and Other Intangible Assets and Valuation of Long-Lived Assets
Goodwill impairment		0	0	$ 0
As previously presented
Reclassifications
Deferred income tax asset			44,887
Other assets			63,870
Income taxes payable			(9,610)
Other accrued expenses and current liabilities			(52,593)
Advance from customers - non-current			(25,000)
Deferred income tax liability			(65,435)
Other long-term liabilities			(49,623)
Other Reclassifications
Reclassifications
Income taxes payable			9,610
Other accrued expenses and current liabilities			(9,610)
Advance from customers - non-current			25,000
Other long-term liabilities			(25,000)
Early Adoption \| Accounting Standards Update 2015-17 \| Reclassifications pursuant to ASU 2015-17
Reclassifications
Deferred income tax asset			(44,887)
Other assets			2,502
Other accrued expenses and current liabilities			7,638
Deferred income tax liability			34,747
Net decrease to working capital			37,249
Net decrease to total assets			$ 42,385
AS&E
Pending acquisition
Purchase price (in dollars per share) \| $ / shares	$ 37.00
Total purchase price, net of cash and cash equivalents as of June 30, 2016	$ 269,000
AS&E reported cash and cash equivalents		$ 74,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair values of financial assets and liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
Fair value of financial instruments
Liabilities - Contingent payment obligations	$ 17,100	$ 17,200
Recurring
Fair value of financial instruments
Equity securities	354	2,441
Insurance company contracts	21,353	20,100
Interest rate contract	(31)	(41)
Total assets	21,676	22,500
Liabilities - Contingent payment obligations	17,117	17,175
Recurring \| Level 1
Fair value of financial instruments
Equity securities	354	291
Total assets	354	291
Recurring \| Level 2
Fair value of financial instruments
Equity securities		2,150
Insurance company contracts	21,353	20,100
Interest rate contract	(31)	(41)
Total assets	21,322	22,209
Recurring \| Level 3
Fair value of financial instruments
Fair value of assets	0	0
Liabilities - Contingent payment obligations	$ 17,117	$ 17,175

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Credit Risk (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Servicio de Administracion Tributaria in Mexico \| Revenue \| Customer
Credit Risk and Concentration
Percentage of benchmark derived from specified source	14.00%	12.00%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Foreign Currency Translation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Foreign Currency Translation
Transaction gain (loss)	$ (800)	$ 2,100	$ (1,800)
Business Combinations
Goodwill	$ 122,819	98,167	92,607
Earnings per share:
Stock option and stock awards excluded from computation due to anti-dilutive effect (in shares)	100
Computation of basic and diluted earnings per share
Net income available to common stockholders	$ 26,157	$ 65,151	$ 47,894
Weighted average shares outstanding- basic	19,427	19,799	19,952
Dilutive effect of stock options (in shares)	649	727	635
Weighted average shares outstanding- diluted	20,076	20,526	20,587
Basic earnings per share (in dollars per share)	$ 1.35	$ 3.29	$ 2.40
Diluted earnings per share (in dollars per share)	$ 1.30	$ 3.17	$ 2.33
Changes in warranty provision
Warranty provision at beginning of period	$ 12,738	$ 11,923	$ 12,890
Warranty claims provision	12,296	6,043	5,573
Settlements made	(9,086)	(5,228)	(6,540)
Warranty provision at end of period	15,948	$ 12,738	$ 11,923
Series of Individually Immaterial Business Acquisitions
Business Combinations
Cash payments at closing	17,800
Goodwill	25,300
Intangible assets acquired	8,300
Series of Individually Immaterial Business Acquisitions \| Trademarks and trade names
Business Combinations
Intangible assets acquired	900
Series of Individually Immaterial Business Acquisitions \| Non-compete covenants
Business Combinations
Intangible assets acquired	200
Series of Individually Immaterial Business Acquisitions \| Technology
Business Combinations
Intangible assets acquired	1,200
Series of Individually Immaterial Business Acquisitions \| Customer relationships
Business Combinations
Intangible assets acquired	6,000
Series of Individually Immaterial Business Acquisitions \| Indemnity holdbacks
Business Combinations
Contingent consideration	2,600
Series of Individually Immaterial Business Acquisitions \| Fair value
Business Combinations
Contingent consideration	$ 13,800

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
INVENTORIES
Raw materials	$ 133,540	$ 131,373
Work-in-process	47,460	45,386
Finished goods	92,288	53,662
Total	$ 273,288	$ 230,421

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Property and equipment
Property and equipment, gross	$ 392,017	$ 390,900
Less: accumulated depreciation and amortization	(208,903)	(165,197)
Property and equipment, net	183,114	225,703
Depreciation expense	52,200	55,400	$ 49,900
Land
Property and equipment
Property and equipment, gross	14,498	14,419
Buildings, civil works and improvements
Property and equipment
Property and equipment, gross	$ 170,232	170,373
Buildings, civil works and improvements \| Minimum
Property and equipment
Estimated Useful Lives	20 years
Buildings, civil works and improvements \| Maximum
Property and equipment
Estimated Useful Lives	40 years
Leasehold improvements
Property and equipment
Property and equipment, gross	$ 9,015	9,991
Leasehold improvements \| Minimum
Property and equipment
Estimated Useful Lives	1 year
Leasehold improvements \| Maximum
Property and equipment
Estimated Useful Lives	12 years
Equipment and tooling
Property and equipment
Property and equipment, gross	$ 154,309	152,518
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	$ 3,314	3,475
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	$ 17,902	17,147
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	$ 17,769	16,612
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	$ 4,978	$ 6,365

GOODWILL AND INTANGIBLE ASSETS - Changes in the carrying amount (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Changes in the carrying amount of goodwill
Balance at the beginning of the period	$ 98,167	$ 92,607
Goodwill acquired or adjusted during the period	27,167	7,896
Foreign currency translation adjustment	(2,515)	(2,336)
Balance at the end of the period	122,819	98,167
Security Division
Changes in the carrying amount of goodwill
Balance at the beginning of the period	29,730	29,507
Goodwill acquired or adjusted during the period	3,187	957
Foreign currency translation adjustment	5	(734)
Balance at the end of the period	32,922	29,730
Healthcare Division
Changes in the carrying amount of goodwill
Balance at the beginning of the period	43,182	37,237
Goodwill acquired or adjusted during the period		6,988
Foreign currency translation adjustment	(608)	(1,043)
Balance at the end of the period	42,574	43,182
Optoelectronics and Manufacturing Division
Changes in the carrying amount of goodwill
Balance at the beginning of the period	25,255	25,863
Goodwill acquired or adjusted during the period	23,980	(49)
Foreign currency translation adjustment	(1,912)	(559)
Balance at the end of the period	$ 47,323	$ 25,255

GOODWILL AND INTANGIBLE ASSETS - Intangible assets subject to amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Amortizable assets:
Gross Carrying Value	$ 57,326	$ 53,853
Accumulated Amortization	14,711	16,428
Total	42,615	37,425
Total intangible assets
Gross Carrying Value	70,994	66,841
Intangible assets, net	56,283	50,413
Amortization expense	5,700	3,600	$ 4,300
Estimated future amortization expense
2017	7,784
2018	8,647
2019	7,282
2020	4,787
2021	2,594
2022 and thereafter, including assets that have not yet begun to be amortized	11,521
Total	42,615	37,425
Trademarks
Non-amortizable assets:
Gross Carrying Value	$ 13,668	12,988
Software development costs
Intangible assets
Weighted Average Lives	8 years
Amortizable assets:
Gross Carrying Value	$ 22,091	24,631
Accumulated Amortization	4,120	7,500
Total	17,971	17,131
Estimated future amortization expense
Total	17,971	17,131
Capitalized software development costs	$ 2,700	3,000	$ 3,000
Patents
Intangible assets
Weighted Average Lives	20 years
Amortizable assets:
Gross Carrying Value	$ 8,111	7,206
Accumulated Amortization	1,760	994
Total	6,351	6,212
Estimated future amortization expense
Total	$ 6,351	6,212
Developed technology
Intangible assets
Weighted Average Lives	11 years
Amortizable assets:
Gross Carrying Value	$ 12,901	13,397
Accumulated Amortization	3,969	4,528
Total	8,932	8,869
Estimated future amortization expense
Total	$ 8,932	8,869
Customer relationships/backlog
Intangible assets
Weighted Average Lives	7 years
Amortizable assets:
Gross Carrying Value	$ 14,223	8,619
Accumulated Amortization	4,862	3,406
Total	9,361	5,213
Estimated future amortization expense
Total	$ 9,361	$ 5,213

IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
IMPAIRMENT, RESTRUCTURING AND OTHER CHARGES
Impairment of assets	$ 6,821
Impairment of minority interest investment	2,853
Total impairment charges	9,674
Debt restructuring			$ 1,325
Facility closure / consolidations	693	$ 2,524	2,772
Employee termination costs	4,547	2,850	1,555
Charges related to government contract issues	496	3,772	5,798
Charges related to class action litigation		704	594
Legal settlement and related costs	2,934
Acquisition-related costs	3,476
Other	194
Total impairment, restructuring and other charges	$ 22,014	$ 9,850	$ 12,044

LINE-OF-CREDIT BORROWINGS AND DEBT (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2012
Borrowings
Amount outstanding	$ 125,000
Term loans	6,847	$ 8,935
Other long-term debt	1,966	2,422
Total	8,813	11,357
Less current portion of long-term debt	2,759	2,801
Long-term portion of debt	6,054	8,556
Fiscal year principal payments of long-term debt
2017	2,759
2018	2,383
2019	2,044
2020	801
2021	183
2022 and thereafter	643
Total	8,813	$ 11,357
Revolving credit facility
Borrowings
Maximum borrowing capacity	450,000
Sub-limit available for letters of credit	375,000
Increase in the credit agreement's borrowing capacity available under certain circumstances	$ 200,000
Unused commitment fee (as a percent)	0.20%
Amount outstanding	$ 125,000
Amount outstanding under letters-of-credit	$ 6,200
Revolving credit facility \| Minimum
Borrowings
Unused commitment fee (as a percent)	0.20%
Revolving credit facility \| Maximum
Borrowings
Unused commitment fee (as a percent)	0.35%
Revolving credit facility \| LIBOR
Borrowings
Interest rate margin (as a percent)	1.25%
Revolving credit facility \| LIBOR \| Minimum
Borrowings
Interest rate margin (as a percent)	1.25%
Revolving credit facility \| LIBOR \| Maximum
Borrowings
Interest rate margin (as a percent)	2.00%
Bank lines-of-credit
Borrowings
Amount outstanding	$ 0
Amount outstanding under letters-of-credit	37,100
Available credit facility	19,100
Total cash borrowing sub-limit	$ 1,300
Seven-year term loan due in fiscal 2020
Borrowings
Principal amount			$ 11,100
Term of loan	7 years
Effective interest rate (as a percent)	2.20%
Seven-year term loan due in fiscal 2020 \| LIBOR
Borrowings
Interest rate margin (as a percent)	1.25%

STOCK-BASED COMPENSATION - Stock based compensation expense (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2016 USD ($) item	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)
Stock based compensation expense
Number of share-based employee compensation plans \| item	2
Stock based compensation expense	$ 20,759	$ 22,501	$ 16,983
Less: Related income tax benefit	(7,762)	(8,552)	(6,498)
Stock based compensation expense, net	12,997	13,949	10,485
Stock Options
Stock-based compensation, other disclosures
Unrecognized compensation cost	$ 800
Weighted-average period	1 year 9 months 18 days
Restricted stock and RSU
Stock-based compensation, other disclosures
Unrecognized compensation cost	$ 12,000
Weighted-average period	2 years
Cost of good sold
Stock based compensation expense
Stock based compensation expense	$ 1,199	1,037	887
Selling, general and administrative
Stock based compensation expense
Stock based compensation expense	19,307	21,249	15,940
Research and development
Stock based compensation expense
Stock based compensation expense	$ 253	$ 215	$ 156

STOCK-BASED COMPENSATION - OSI Plans (Details) - USD ($)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Employee Stock Purchase Plan
Stock-based compensation
Shares purchased	60,375	65,706	29,185
Securities available for grant	893,119
Employee Stock Purchase Plan \| Maximum
Stock-based compensation
Discount rate for eligible employees to purchase common stock (as a percent)	15.00%
2006 Plan
Stock-based compensation
Number of awards issued (in shares)	0
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)	1.40%	1.50%	1.30%
Expected volatility (as percent)	31.00%	31.00%	33.00%
Expected holding period (in years)	4 years 6 months	4 years 6 months	4 years 6 months
Number of Options
Outstanding at the beginning of the period (in shares)	1,012,650	1,022,991	1,019,733
Granted (in shares)	35,162	45,104	10,294
Exercised (in shares)	(107,059)	(38,907)	(1,169)
Expired or forfeited (in shares)	(6,641)	(16,538)	(5,867)
Outstanding at the end of the period (in shares)	934,112	1,012,650	1,022,991
Exercisable at the end of the period (in shares)	887,786
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 27.30	$ 26.60	$ 26.33
Granted (in dollars per share)	73.42	68.05	70.59
Exercised (in dollars per share)	28.05	41.20	39.97
Expired or forfeited (in dollars per share)	66.56	62.20	54.06
Outstanding at the end of the period (in dollars per share)	28.67	27.30	26.60
Exercisable at the end of the period (in dollars per share)	$ 25.94
Weighted-Average Remaining Contractual Term
Outstanding at the end of the period	4 years
Exercisable at the end of the period	3 years 8 months 12 days
Aggregate Intrinsic Value
Outstanding at the end of the period	$ 28,378,000
Exercisable at the end of the period	$ 28,373,000
Stock-based compensation, other disclosures
Weighted-average grant-date fair value of stock options (in dollars per share)	$ 20.66	$ 19.26	$ 20.78
Total intrinsic value of options exercised	$ 6,077,000
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)	659,906	661,400	627,124
Granted (in shares)	337,628	281,163	322,275
Vested (in shares)	(417,896)	(262,221)	(283,091)
Forfeited (in shares)	(49,140)	(20,436)	(4,908)
Nonvested at the end of the period (in shares)	530,498	659,906	661,400
Weighted-Average Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 63.75	$ 54.78	$ 43.13
Granted (in dollars per share)	72.90	64.68	63.73
Vested (in dollars per share)	65.36	42.75	39.40
Forfeited (in dollars per share)	67.70	55.62	49.22
Nonvested at the end of the period (in dollars per share)	$ 67.94	$ 63.75	$ 54.78
Total fair value of shares vested	$ 27,300,000	$ 11,200,000	$ 11,200,000
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
Shares
Granted (in shares)	139,300	151,469	160,922
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	2,000,000
2012 Plan \| 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

INCOME TAXES - Geographical breakdown of income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Pre-tax income (loss):
United States	$ (34,732)	$ (16,428)	$ (22,604)
Foreign	70,227	105,281	98,459
Income before income taxes	35,495	88,853	75,855
Current:
Federal	(488)	2,502	(704)
State	108	1,276	113
Foreign	22,942	25,880	20,616
Total current provision	22,562	29,658	20,025
Deferred:
Federal	(11,865)	(7,910)	(5,366)
State	473	(1,180)	(1,128)
Foreign	(1,832)	3,134	14,430
Total deferred provision	(13,224)	(5,956)	7,936
Total provision	9,338	23,702	$ 27,961
Income taxes, other disclosures
Liability for uncertain tax positions	4,900	$ 6,700
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	4,900
Accrued interest and penalties	$ 500

INCOME TAXES - Unrecognized tax benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Activity of unrecognized tax benefits
Balance at the beginning of the period	$ 11,049	$ 6,824
Additions on tax positions for the current year	350	5,806
Additions on tax positions from prior years	533	453
Reduction in tax position from prior year	(2,178)	(2,034)
Balance at the end of the period	9,754	11,049
Undistributed earnings of the foreign subsidiaries	577,000
Unrecognized deferred tax liability related to temporary differences due to undistributed earnings of the foreign subsidiaries	202,000
Deferred income tax assets:
Tax credit carryforwards	16,003	9,274
Net operating loss carryforwards	17,468	5,915
Customer advances	14,284	25,797
Allowance for doubtful accounts	3,757	2,978
Inventory reserve	10,700	9,308
Inventory capitalization	4,637	3,257
Accrued liabilities	5,912	6,221
Stock & deferred compensation	20,699	21,087
Other assets	3,641	5,904
Total deferred income tax assets	97,101	89,741
Valuation allowance	(14,458)	(12,728)
Net deferred income tax assets	82,643	77,013
Deferred income tax liabilities:
Depreciation	(41,415)	(50,029)
State income taxes	(1,629)	(1,965)
Amortization of intangible assets	(21,408)	(14,412)
Prepaid expenses	(3,813)	(5,767)
Other liabilities	(63)	(13)
Total deferred income tax liabilities	(68,328)	(72,186)
Net deferred income tax asset	14,315	4,827
Components of net deferred income tax asset
Long term deferred income tax asset, included in other assets	43,475	35,515
Long term deferred income tax liability	(29,160)	(30,688)
Net deferred income tax asset	14,315	4,827
Components of current taxes receivable and payable and prepaid taxes
Current taxes receivable and prepaid taxes, included in prepaid expenses and other current assets	12,495	12,784
Current taxes payable	(8,032)	(9,610)
Net tax receivable	$ 4,463	$ 3,174

INCOME TAXES - Net operating loss carryforwards (Details) $ in Millions	Jun. 30, 2016 USD ($)
Federal
Operating loss carry forwards
Net operating loss carry forwards	$ 36.1
State
Operating loss carry forwards
Net operating loss carry forwards	47.7
Foreign
Operating loss carry forwards
Net operating loss carry forwards	$ 28.7

INCOME TAXES - Credit carryforwards (Details) $ in Millions	12 Months Ended
INCOME TAXES - Credit carryforwards (Details) $ in Millions	Jun. 30, 2016 USD ($)
Tax credit carry forward
Net aggregated increase in valuation allowance	$ 1.7
Federal
Tax credit carry forward
Tax credit carry forwards	9.6
State
Tax credit carry forward
Tax credit carry forwards	3.8
Foreign
Tax credit carry forward
Tax credit carry forwards	$ 7.3

INCOME TAXES - Excess tax benefits (Details) $ in Millions	12 Months Ended
INCOME TAXES - Excess tax benefits (Details) $ in Millions	Jun. 30, 2016 USD ($)
INCOME TAXES
Excess tax benefits from employee stock option exercises	$ 4.7
Increase in additional paid-in capital when excess tax benefits from employee stock option exercises are realized	$ 4.7

INCOME TAXES - Effective income tax rate (Details)	12 Months Ended
INCOME TAXES - Effective income tax rate (Details)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Effective income tax rate
Provision for income taxes at federal statutory rate (as a percent)	35.00%	35.00%	35.00%
UK Patent Box Benefit (as a percent)		(2.10%)
Impact to tax rate as a result of accelerating depreciation of certain foreign assets (as a percent)			10.10%
Research and development tax credits (as a percent)	(1.80%)	(0.90%)	(0.70%)
Foreign income subject to tax at other than federal statutory rate (as a percent)	(8.90%)	(9.40%)	(10.00%)
Change in valuation allowance (as a percent)	5.80%	(1.10%)	2.80%
Unrecognized tax benefit (as a percent)	(5.00%)	4.10%	(2.50%)
Tax on foreign currency gains and losses (as a percent)	2.30%
Transaction costs (as a percent)	2.30%
US Tax on Foreign Earnings (as a percent)	4.50%	4.90%	0.30%
Non-taxable earnings from acquisitions (as a percent)	(7.90%)	(2.30%)	(0.50%)
Mexico imputed income or expense (as a percent)	(0.40%)	(0.70%)	2.80%
Other (as a percent)	0.40%	(0.80%)	(0.40%)
Effective income tax rate (as a percent)	26.30%	26.70%	36.90%

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Jun. 30, 2016 USD ($) item	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2012 USD ($)
Total debt, payments due by period
Total debt	$ 133,813
Less than 1 year	127,759
1-3 years	4,427
3-5 years	984
After 5 years	643
Operating leases, payments due by period
Total operating leases	17,050
Less than 1 year	6,651
1-3 years	6,864
3-5 years	2,450
After 5 years	1,085
Purchase obligations, payments due by period
Total purchase obligations	25,360
Less than 1 year	24,730
1-3 years	630
Acquisition-related obligations, payments due by period
Total acquisition-related obligations	288,839
Less than 1 year	274,776
1-3 years	10,003
3-5 years	4,060
Defined benefit plan obligation, payments due by period
Total defined benefit plan obligation	9,615
Less than 1 year	139
1-3 years	847
3-5 years	2,380
After 5 years	6,249
Total contractual obligations, payments due by period
Total contractual obligations	474,677
Less than 1 year	434,055
1-3 years	22,771
3-5 years	9,874
After 5 years	7,977
Other Commercial Commitments-letters of credit, payments due by period
Total other commercial commitments-letters of credit	43,241
Less than 1 year	9,351
1-3 years	29,439
3-5 years	1,017
After 5 years	3,434
Operating Leases
Rent expense	9,000	$ 10,000	$ 9,900
Contingent Acquisition Obligations
Maximum amount of future payments under contingent consideration	34,700
Contingent payment obligations	17,100	$ 17,200
Additional contingent payment obligations	$ 13,800
Number of business acquisitions consummated during the year \| item	3
Payments of contingent consideration	$ 800
Reductions in fair value of contingent payment obligations	$ 13,100
Environmental Contingencies
Number of investigations discovering soil and groundwater contamination at Hawthorne, CA facility \| item	1
Mexican government
Advances from Customers
Advances from customers				$ 100,000
Mexican government \| Advances from customers
Advances from Customers
Advances from customers	$ 25,000
Royalty payments
Contingent Acquisition Obligations
Purchase agreements containing royalty payments, number \| item	1

STOCKHOLDERS' EQUITY (Details) - shares	12 Months Ended
STOCKHOLDERS' EQUITY (Details) - shares	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Share Repurchase Program
Number of shares repurchased	1,201,402	454,635	165,845
Number of available shares may be repurchased	1,063,158

RELATED-PARTY TRANSACTIONS (Details) - USD ($)	12 Months Ended
RELATED-PARTY TRANSACTIONS (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Chief Executive Officer and/or his family members \| Auto rental, printing, warehousing and consulting services expenses \| Entities Owned by Related Party
RELATED-PARTY TRANSACTIONS
Expenses related to transactions with related party	$ 34,000	$ 0	$ 31,000
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
Sales to joint venture	9,100,000	7,300,000	$ 5,200,000
Receivables from joint venture	3,600,000	2,700,000
ECIL-Rapiscan Security Products Limited \| Maximum
RELATED-PARTY TRANSACTIONS
Equity earnings in joint venture	$ 100,000	$ 100,000
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 Director 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%

EMPLOYEE BENEFIT PLANS - Employee Retirement Savings Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Employee Benefit Plans
Contributions made by the entity to defined contribution plans	$ 4.6	$ 4.5	$ 4.1
Deferred Compensation Plan
Company contribution on deferred compensation plan	0.6	$ 0.7	$ 0.6
Assets held by Company	21.3
Liabilities held by Company	$ 16.0
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 - Change in Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Change in Benefit Obligation
Benefit obligation at beginning of year	$ 13,896	$ 13,690
Translation adjustment	(933)	(941)
Service costs		34	$ 58
Interest costs	582	671	697
Curtailment	(1,187)
Actuarial (gain) loss	1,226	585
Benefits paid	(279)	(143)
Benefit obligation at end of year	13,305	13,896	13,690
Change in Plan Assets
Fair value of plan assets at beginning of year	7,090	7,711
Translation adjustment	(923)	(849)
Actual return on plan assets	488	366
Company contributions	55	77
Benefits paid	(1,500)	(215)
Fair value of plan assets at end of year	5,210	7,090	7,711
Funded status	(8,095)	(6,806)
Net amount recognized	(8,095)	(6,806)
Amount recognized in consolidated balance sheets consists of:
Investments	648	782
Accrued pension liability	(8,581)	(6,829)
Accumulated other comprehensive income	2,792	2,488
Net Periodic Benefit Costs
Service costs		34	58
Interest costs	582	671	697
Expected return on plan assets	(303)	(418)	(393)
Amortization of prior service costs	420	615	615
Recognized actuarial loss	43	204	144
Net periodic benefit cost	$ 742	$ 1,106	$ 1,121
Weighted average assumptions at year-end:
Discount rate (as a percent)	3.50%	4.50%
Expected return on plan assets (as a percent)	4.80%	5.10%
Rate of compensation increase (as a percent)	2.90%	2.00%

EMPLOYEE BENEFIT PLANS - Plan Assets and Investment Policy (Details)	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Plan Assets and Investment Policy
Proportion of Fair Value (as a percent)	100.00%	100.00%
Expected Rate of Return (as a percent)	4.80%	5.10%
Minimum
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)	58.00%	56.00%
Expected Rate of Return (as a percent)	7.00%	7.00%
Debt securities
Plan Assets and Investment Policy
Proportion of Fair Value (as a percent)	32.00%	40.00%
Expected Rate of Return (as a percent)	2.00%	2.00%
Other
Plan Assets and Investment Policy
Proportion of Fair Value (as a percent)	10.00%	4.00%
Expected Rate of Return (as a percent)	2.00%	4.00%

EMPLOYEE BENEFIT PLANS - Projected Benefit Payments (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2016 USD ($)
Projected Benefit Payments
July 1, 2016 to June 30, 2017	$ 139
July 1, 2017 to June 30, 2018	171
July 1, 2018 to June 30, 2019	676
July 1, 2019 to June 30, 2020	1,185
July 1, 2020 to June 30, 2021	1,195
July 1, 2021 to June 30, 2026	6,249
Company Contribution
Estimated employer contribution for next fiscal year	$ 100
Employee Pension Plans \| Maximum
Company Contribution
Weighted average contribution rate of pensionable salaries made by Company (as a percent)	1.00%

SEGMENT INFORMATION - By industry segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Operations and identifiable assets by industry segment
Total revenues	$ 829,660	$ 958,202	$ 906,742
Income (loss) from operations	38,374	92,108	81,295
Segments assets	991,723	937,289	1,011,077
Capital expenditures	17,688	15,286	54,598
Depreciation and amortization	57,922	58,976	54,239
Security Division
Operations and identifiable assets by industry segment
Total revenues	411,212	481,087	440,439
Capital expenditures	8,910	7,601	38,066
Depreciation and amortization	43,257	45,231	40,573
Healthcare Division
Operations and identifiable assets by industry segment
Total revenues	211,458	255,691	222,313
Capital expenditures	2,395	2,628	6,718
Depreciation and amortization	7,401	7,223	7,289
Optoelectronics and Manufacturing Division
Operations and identifiable assets by industry segment
Total revenues	206,990	221,424	243,990
Capital expenditures	4,539	3,411	2,801
Depreciation and amortization	5,842	5,028	4,971
Corporate
Operations and identifiable assets by industry segment
Income (loss) from operations	(27,199)	(17,455)	(11,497)
Segments assets	64,970	82,789	120,727
Capital expenditures	1,844	1,646	7,013
Depreciation and amortization	1,422	1,494	1,406
Operating Segments \| Security Division
Operations and identifiable assets by industry segment
Total revenues	411,212	481,087	440,439
Income (loss) from operations	37,845	67,804	59,501
Segments assets	519,068	470,808	535,306
Operating Segments \| Healthcare Division
Operations and identifiable assets by industry segment
Total revenues	211,458	255,691	222,313
Income (loss) from operations	8,351	24,666	18,495
Segments assets	200,067	223,412	190,612
Operating Segments \| Optoelectronics and Manufacturing Division
Operations and identifiable assets by industry segment
Total revenues	247,502	267,872	284,496
Income (loss) from operations	19,654	17,533	14,663
Segments assets	211,337	164,922	169,084
Eliminations
Operations and identifiable assets by industry segment
Total revenues	(40,512)	(46,448)	(40,506)
Income (loss) from operations	(277)	(440)	133
Segments assets	(3,719)	(4,642)	(4,652)
Eliminations \| Optoelectronics and Manufacturing Division
Operations and identifiable assets by industry segment
Total revenues	$ 40,512	$ 46,448	$ 40,506

SEGMENT INFORMATION - By geographical area (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Revenues and identifiable assets by geographical area
Total revenues	$ 829,660	$ 958,202	$ 906,742
Long lived tangible assets	213,828	256,559	287,225
Long lived assets	392,930	405,139	423,447
Total Americas
Revenues and identifiable assets by geographical area
Total revenues	539,493	614,607	602,747
Long lived tangible assets	162,002	209,300	241,504
Long lived assets	290,869	315,435	342,810
United States
Revenues and identifiable assets by geographical area
Total revenues	404,929	472,990	451,503
Long lived tangible assets	40,855	48,203	42,933
Long lived assets	167,860	154,338	144,239
Mexico
Revenues and identifiable assets by geographical area
Total revenues	119,039	120,582	130,330
Long lived tangible assets	115,954	154,939	191,512
Long lived assets	115,954	154,939	191,512
Other Americas
Revenues and identifiable assets by geographical area
Total revenues	15,525	21,035	20,914
Long lived tangible assets	5,193	6,158	7,059
Long lived assets	7,055	6,158	7,059
Total EMEA
Revenues and identifiable assets by geographical area
Total revenues	169,045	190,365	170,505
Long lived tangible assets	37,061	32,939	30,064
Long lived assets	84,935	72,917	62,427
United Kingdom
Revenues and identifiable assets by geographical area
Total revenues	130,812	159,127	151,962
Long lived tangible assets	25,505	31,467	24,257
Long lived assets	61,037	58,594	52,110
Other Europe, Middle East and Africa
Revenues and identifiable assets by geographical area
Total revenues	38,233	31,238	18,543
Long lived tangible assets	11,556	1,472	5,807
Long lived assets	23,898	14,323	10,317
Asia-Pacific
Revenues and identifiable assets by geographical area
Total revenues	121,122	153,230	133,490
Long lived tangible assets	14,765	14,320	15,657
Long lived assets	17,126	16,787	18,210
Geographic region
Revenues and identifiable assets by geographical area
Total revenues	829,660	958,202	906,742
Geographic region \| Total Americas
Revenues and identifiable assets by geographical area
Total revenues	545,296	621,190	610,050
Geographic region \| United States
Revenues and identifiable assets by geographical area
Total revenues	410,732	479,573	458,806
Geographic region \| Mexico
Revenues and identifiable assets by geographical area
Total revenues	119,039	120,582	130,330
Geographic region \| Other Americas
Revenues and identifiable assets by geographical area
Total revenues	15,525	21,035	20,914
Geographic region \| Total EMEA
Revenues and identifiable assets by geographical area
Total revenues	170,173	190,698	170,505
Geographic region \| United Kingdom
Revenues and identifiable assets by geographical area
Total revenues	131,940	159,460	151,962
Geographic region \| Other Europe, Middle East and Africa
Revenues and identifiable assets by geographical area
Total revenues	38,233	31,238	18,543
Geographic region \| Asia-Pacific
Revenues and identifiable assets by geographical area
Total revenues	154,703	192,762	166,693
Elimination
Revenues and identifiable assets by geographical area
Total revenues	(40,512)	(46,448)	(40,506)
Elimination \| Total Americas
Revenues and identifiable assets by geographical area
Total revenues	5,803	6,583	7,303
Elimination \| United States
Revenues and identifiable assets by geographical area
Total revenues	5,803	6,583	7,303
Elimination \| Total EMEA
Revenues and identifiable assets by geographical area
Total revenues	1,128	333
Elimination \| United Kingdom
Revenues and identifiable assets by geographical area
Total revenues	1,128	333
Elimination \| Asia-Pacific
Revenues and identifiable assets by geographical area
Total revenues	$ 33,581	$ 39,532	$ 33,203

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS (Details) - Doubtful accounts - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Valuation and Qualifying accounts
Balance at beginning of period	$ 5,900	$ 5,691	$ 7,277
Charged to costs and expenses	2,095	340	193
Deductions - Write-offs	944	131	1,779
Balance at end of period	$ 7,051	$ 5,900	$ 5,691

SEGMENT INFORMATION (Details)	12 Months Ended
SEGMENT INFORMATION (Details)	Jun. 30, 2016 segment
SEGMENT INFORMATION
Number of identifiable industry segments	3