SHAREHOLDERS’ EQUITY

Treasury Shares

At June 30, 2018, 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, 2018, 2017, and 2016, are comprised of the following amounts, shown net of taxes:



	Foreign currency translation adjustment			Unrealized (loss) gain on securities available for sale			Post-employment benefits			Total accumulated other comprehensive (loss) income
Balance at July 1, 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 (loss) income	(8,549		)	20			524			(8,005		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			(45		)	(45		)
Amounts reclassified for certain income tax effects to retained earnings	22			9			(502		)	(471		)
Net current-period other comprehensive (loss) income	(8,527		)	29			(23		)	(8,521		)
Balance at June 30, 2018	$	(87,974	)	$	50		$	(2,299	)	$	(90,223	)

Other Comprehensive Income (Loss)

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



Year Ended June 30,	2018									2017						2016
	Pre-Tax Amount			Tax Expense (Benefit)			Net Amount			Pre-Tax Amount		Tax Expense		Net Amount		Pre-Tax Amount			Tax (Benefit) Expense			Net Amount
Foreign currency translation adjustments	$	(8,875	)	$	(326	)	$	(8,549	)	$	2,238	$	—	$	2,238	$	(24,441	)	$	—		$	(24,441	)
Post-employment benefits:
Actuarial gain (loss) on re-measurement	709			185			524			2,038		799		1,239		(1,998		)	(783		)	(1,215		)
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	(73		)	(28		)	(45		)	506		198		308		518			203			315
Unrealized gain (loss) on investment securities available for sale	37			17			20			91		32		59		(52		)	(18		)	(34		)
Reclassification of certain income tax effects to retained earnings	—			471			(471		)	—		—		—		—			—			—
Other comprehensive (loss) income	$	(8,202	)	$	319		$	(8,521	)	$	4,873	$	1,029	$	3,844	$	(25,973	)	$	(598	)	$	(25,375	)

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 Restricted Stock Units ("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,	2018		2017		2016
Net Income	$	141,625	$	133,910	$	29,577
Average Shares Outstanding:
Weighted-average common shares outstanding for basic computation	38,752		39,013		39,254
Dilutive effect of potential common shares	529		391		212
Weighted-average common shares outstanding for dilutive computation	39,281		39,404		39,466
Net Income Per Share — Basic	$	3.65	$	3.43	$	0.75
Net Income Per Share — Diluted	$	3.61	$	3.40	$	0.75

Stock appreciation rights and options relating to 66, 141 and 775 shares of common stock were outstanding at June 30, 2018, 2017 and 2016, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.