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Shareholders' Equity
12 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS’ EQUITY
Treasury Shares
At June 30, 2015, 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, 2015 and 2014, 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)
(58,233
)
 
(25
)
 
(472
)
 
(58,730
)
Amounts reclassified from accumulated other comprehensive income (loss)

 

 
174

 
174

Net current-period other comprehensive income (loss), net of taxes
(58,233
)
 
(25
)
 
(298
)
 
(58,556
)
Balance at June 30, 2015
$
(57,244
)
 
$
(4
)
 
$
(2,923
)
 
$
(60,171
)

Other Comprehensive Income (Loss)
Details of other comprehensive income (loss) are as follows:
Year Ended June 30,
2015
 
2014
 
2013
 
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
$
(58,233
)
 
$

 
$
(58,233
)
 
$
629

 
$

 
$
629

 
$
(1,358
)
 
$

 
$
(1,358
)
Postemployment benefits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial gain (loss) on remeasurement
(776
)
 
(304
)
 
(472
)
 
1,402

 
531

 
871

 
3,153

 
1,186

 
1,967

Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs
286

 
112

 
174

 
382

 
149

 
233

 
872

 
339

 
533

Unrealized gain (loss) on investment securities available for sale
(38
)
 
(13
)
 
(25
)
 
112

 
39

 
73

 
10

 
4

 
6

Other comprehensive income (loss)
$
(58,761
)
 
$
(205
)
 
$
(58,556
)
 
$
2,525

 
$
719

 
$
1,806

 
$
2,677

 
$
1,529

 
$
1,148


Net Income Per Share
Basic net income per share is based on the weighted-average number of common shares outstanding. Diluted net income per share includes the dilutive effect of potential common shares outstanding. Under the two-class method of computing net income per share, non-vested share-based payment awards that contain rights to receive non-forfeitable dividends are considered participating securities. The Company’s participating securities include RSUs and restricted stock awards. The Company calculated basic and diluted net income per share under both the treasury stock method and the two-class method. For the years presented there were no material differences in the net income per share amounts calculated using the two methods. Accordingly, the treasury stock method is disclosed below.
The following table presents amounts used in computing net income per share and the effect on the weighted-average number of shares of dilutive potential common shares:
Year Ended June 30,
2015

 
2014

 
2013

Net Income
$
115,484

 
$
112,821

 
$
118,149

Average Shares Outstanding:
 
 
 
 
 
Weighted-average common shares outstanding for basic computation
40,892

 
41,942

 
42,060

Dilutive effect of potential common shares
295

 
389

 
482

Weighted-average common shares outstanding for dilutive computation
41,187

 
42,331

 
42,542

Net Income Per Share — Basic
$
2.82

 
$
2.69

 
$
2.81

Net Income Per Share — Diluted
$
2.80

 
$
2.67

 
$
2.78


Stock appreciation rights and options relating to 435, 289 and 212 shares of common stock were outstanding at June 30, 2015, 2014 and 2013, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.