SHAREHOLDERS’ EQUITY

Treasury Shares

At June 30, 2017, 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, 2017, 2016 and 2015, are comprised of the following amounts, shown net of taxes:



	Foreign currency translation adjustment			Unrealized gain (loss) on securities available for sale			Postemployment benefits			Total accumulated other comprehensive (loss) income
Balance at July 1, 2014	$	989		$	21		$	(2,625	)	$	(1,615	)
Other comprehensive loss	(58,233		)	(25		)	(472		)	(58,730		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			174			174
Net current-period other comprehensive loss	(58,233		)	(25		)	(298		)	(58,556		)
Balance at June 30, 2015	(57,244		)	(4		)	(2,923		)	(60,171		)
Other comprehensive loss	(24,441		)	(34		)	(1,215		)	(25,690		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			315			315
Net current-period other comprehensive loss	(24,441		)	(34		)	(900		)	(25,375		)
Balance at June 30, 2016	(81,685		)	(38		)	(3,823		)	(85,546		)
Other comprehensive income	2,238			59			1,239			3,536
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			308			308
Net current-period other comprehensive income	2,238			59			1,547			3,844
Balance at June 30, 2017	$	(79,447	)	$	21		$	(2,276	)	$	(81,702	)

Other Comprehensive Income (Loss)

Details of other comprehensive income (loss) are as follows:



Year Ended June 30,	2017						2016									2015
	Pre-Tax Amount		Tax Expense		Net Amount		Pre-Tax Amount			Tax (Benefit) Expense			Net Amount			Pre-Tax Amount			Tax (Benefit) Expense			Net Amount
Foreign currency translation adjustments	$	2,238	$	—	$	2,238	$	(24,441	)	$	—		$	(24,441	)	$	(58,233	)	$	—		$	(58,233	)
Postemployment benefits:
Actuarial gain (loss) on remeasurement	2,038		799		1,239		(1,998		)	(783		)	(1,215		)	(776		)	(304		)	(472		)
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	506		198		308		518			203			315			286			112			174
Unrealized gain (loss) on investment securities available for sale	91		32		59		(52		)	(18		)	(34		)	(38		)	(13		)	(25		)
Other comprehensive income (loss)	$	4,873	$	1,029	$	3,844	$	(25,973	)	$	(598	)	$	(25,375	)	$	(58,761	)	$	(205	)	$	(58,556	)

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,	2017		2016		2015
Net Income	$	133,910	$	29,577	$	115,484
Average Shares Outstanding:
Weighted-average common shares outstanding for basic computation	39,013		39,254		40,892
Dilutive effect of potential common shares	391		212		295
Weighted-average common shares outstanding for dilutive computation	39,404		39,466		41,187
Net Income Per Share — Basic	$	3.43	$	0.75	$	2.82
Net Income Per Share — Diluted	$	3.40	$	0.75	$	2.80

Stock appreciation rights and options relating to 141, 775 and 435 shares of common stock were outstanding at June 30, 2017, 2016 and 2015, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.