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Shareholders' Equity
12 Months Ended
Jun. 30, 2014
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS’ EQUITY
Treasury Shares
At June 30, 2014, 596 shares of the Company’s common stock held as treasury shares were restricted as collateral under escrow arrangements relating to change in control and director and officer indemnification agreements.
Accumulated Other Comprehensive Income (Loss)
Changes in the accumulated other comprehensive income (loss) for the years ended June 30, 2014 and 2013, is comprised of the following:
 
Foreign currency translation adjustment

 
Unrealized gain (loss) on securities available for sale

 
Postemployment benefits

 
Total Accumulated other comprehensive income (loss)

Balance at July 1, 2012
$
1,718

 
$
(58
)
 
$
(6,229
)
 
$
(4,569
)
Other comprehensive income (loss)
(1,358
)
 
6

 
1,967

 
615

Amounts reclassified from accumulated other comprehensive income (loss)

 
 
 
533

 
533

Net current-period other comprehensive income (loss), net of taxes
(1,358
)
 
6

 
2,500

 
1,148

Balance at June 30, 2013
$
360

 
$
(52
)
 
$
(3,729
)
 
$
(3,421
)
Other comprehensive income (loss)
629

 
73

 
871

 
1,573

Amounts reclassified from accumulated other comprehensive income (loss)

 

 
233

 
233

Net current-period other comprehensive income (loss), net of taxes
629

 
73

 
1,104

 
1,806

Balance at June 30, 2014
$
989

 
$
21

 
$
(2,625
)
 
$
(1,615
)


Other Comprehensive Income (Loss)
Details of other comprehensive income (loss) are as follows:
Year Ended June 30,
2014
 
2013
 
2012
 
Pre-Tax Amount

 
Tax Expense (Benefit)

 
Net Amount

 
Pre-Tax Amount

 
Tax Expense (Benefit)

 
Net Amount

 
Pre-Tax Amount

 
Tax Expense (Benefit)

 
Net Amount

Foreign currency translation adjustments
$
629

 
$

 
$
629

 
$
(1,358
)
 
$

 
$
(1,358
)
 
$
(14,471
)
 
$

 
$
(14,471
)
Postemployment benefits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial gain (loss) on remeasurement
1,402

 
531

 
871

 
3,153

 
1,186

 
1,967

 
(5,028
)
 
(1,954
)
 
(3,074
)
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs
382

 
149

 
233

 
872

 
339

 
533

 
1,123

 
432

 
691

Impact of reduction in postemployment benefit liability (as forecasted salary increases will not be realized) due to a plan curtailment

 

 

 

 

 

 
8,860

 
3,411

 
5,449

Reclassification of prior service cost into SD&A expense upon plan curtailment

 

 

 

 

 

 
3,117

 
1,200

 
1,917

Unrealized gain (loss) on investment securities available for sale
112

 
39

 
73

 
10

 
4

 
6

 
(220
)
 
(80
)
 
(140
)
Other comprehensive income (loss)
$
2,525

 
$
719

 
$
1,806

 
$
2,677

 
$
1,529

 
$
1,148

 
$
(6,619
)
 
$
3,009

 
$
(9,628
)

Net Income Per Share
The following is a computation of basic and diluted earnings per share:
Year Ended June 30,
2014

 
2013

 
2012

Net Income
$
112,821

 
$
118,149

 
$
108,779

Average Shares Outstanding:
 
 
 
 
 
Weighted-average common shares outstanding for basic computation
41,942

 
42,060

 
42,139

Dilutive effect of potential common shares
389

 
482

 
684

Weighted-average common shares outstanding for dilutive computation
42,331

 
42,542

 
42,823

Net Income Per Share — Basic
$
2.69

 
$
2.81

 
$
2.58

Net Income Per Share — Diluted
$
2.67

 
$
2.78

 
$
2.54


Stock appreciation rights and options relating to the acquisition of 289, 212 and 140 shares of common stock were outstanding at June 30, 2014, 2013 and 2012, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.