XML 30 R17.htm IDEA: XBRL DOCUMENT
v3.21.2

Shareholders' Equity | 12 Months Ended
--- | ---
Jun. 30, 2021
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY | SHAREHOLDERS’ EQUITY Treasury Shares At June 30, 2021, 128 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 Loss Changes in the accumulated other comprehensive loss for the years ended June 30, 2021, 2020, and 2019, are comprised of the following amounts, shown net of taxes:
| Foreign currency translation adjustment |  | Unrealized gain (loss) on securities available for sale |  | Post-employment benefits |  | Cash flow hedge |  | Total accumulated other comprehensive loss
Balance at July 1, 2018 | $ | (87,974) |  |  | $ | 50 |  |  | $ | (2,299) |  |  | $ | — |  |  | $ | (90,223) |
Other comprehensive income (loss) | 1,644 |  |  | — |  |  | (327) |  |  | (10,887) |  |  | (9,570) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  | (226) |  |  | 183 |  |  | (43) |
Cumulative effect of adopting accounting standards | — |  |  | (50) |  |  | — |  |  | — |  |  | (50) |
Net current-period other comprehensive income (loss) | 1,644 |  |  | (50) |  |  | (553) |  |  | (10,704) |  |  | (9,663) |
Balance at June 30, 2019 | (86,330) |  |  | — |  |  | (2,852) |  |  | (10,704) |  |  | (99,886) |
Other comprehensive loss | (18,764) |  |  | — |  |  | (1,662) |  |  | (12,572) |  |  | (32,998) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  | (50) |  |  | 3,504 |  |  | 3,454 |
Net current-period other comprehensive loss | (18,764) |  |  | — |  |  | (1,712) |  |  | (9,068) |  |  | (29,544) |
Balance at June 30, 2020 | (105,094) |  |  | — |  |  | (4,564) |  |  | (19,772) |  |  | (129,430) |
Other comprehensive income | 24,256 |  |  | — |  |  | 687 |  |  | 2,480 |  |  | 27,423 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  | 204 |  |  | 8,711 |  |  | 8,915 |
Net current-period other comprehensive income | 24,256 |  |  | — |  |  | 891 |  |  | 11,191 |  |  | 36,338 |
Balance at June 30, 2021 | $ | (80,838) |  |  | $ | — |  |  | $ | (3,673) |  |  | $ | (8,581) |  |  | $ | (93,092) |
Other Comprehensive Loss Details of other comprehensive loss are as follows:
Year Ended June 30, | 2021 |  | 2020 |  | 2019
| Pre-Tax Amount |  | Tax Expense |  | Net Amount |  | Pre-Tax Amount |  | Tax Expense (Benefit) |  | Net Amount |  | Pre-Tax Amount |  | Tax Expense (Benefit) |  | Net Amount
Foreign currency translation adjustments | $ | 24,352 |  |  | $ | 96 |  |  | $ | 24,256 |  |  | $ | (18,499) |  |  | $ | 265 |  |  | $ | (18,764) |  |  | $ | 2,021 |  |  | $ | 377 |  |  | $ | 1,644 |
Post-employment benefits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Actuarial gain (loss) on re-measurement | 903 |  |  | 216 |  |  | 687 |  |  | (2,192) |  |  | (530) |  |  | (1,662) |  |  | (372) |  |  | (45) |  |  | (327) |
Reclassification of actuarial losses (gains) and prior service cost into other income, net and included in net periodic pension costs | 270 |  |  | 66 |  |  | 204 |  |  | (66) |  |  | (16) |  |  | (50) |  |  | (306) |  |  | (80) |  |  | (226) |
Unrealized gain (loss) on cash flow hedge | 3,250 |  |  | 770 |  |  | 2,480 |  |  | (16,615) |  |  | (4,043) |  |  | (12,572) |  |  | (14,446) |  |  | (3,559) |  |  | (10,887) |
Reclassification of interest from cash flow hedge into interest expense | 11,553 |  |  | 2,842 |  |  | 8,711 |  |  | 4,638 |  |  | 1,134 |  |  | 3,504 |  |  | 244 |  |  | 61 |  |  | 183 |
Cumulative effect of adopting accounting standard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (50) |  |  | — |  |  | (50) |
Other comprehensive loss | $ | 40,328 |  |  | $ | 3,990 |  |  | $ | 36,338 |  |  | $ | (32,734) |  |  | $ | (3,190) |  |  | $ | (29,544) |  |  | $ | (12,909) |  |  | $ | (3,246) |  |  | $ | (9,663) |
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, | 2021 |  | 2020 |  | 2019
Net Income | $ | 144,757 |  |  | $ | 24,042 |  |  | $ | 143,993 |
Average Shares Outstanding: |  |  |  |  |
Weighted-average common shares outstanding for basic computation | 38,758 |  |  | 38,658 |  |  | 38,670 |
Dilutive effect of potential common shares | 538 |  |  | 341 |  |  | 490 |
Weighted-average common shares outstanding for dilutive computation | 39,296 |  |  | 38,999 |  |  | 39,160 |
Net Income Per Share — Basic | $ | 3.73 |  |  | $ | 0.62 |  |  | $ | 3.72 |
Net Income Per Share — Diluted | $ | 3.68 |  |  | $ | 0.62 |  |  | $ | 3.68 |
Stock awards relating to 234, 726 and 226 shares of common stock were outstanding at June 30, 2021, 2020 and 2019, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration