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Note 8 - Supplemental Equity and Accumulated Other Comprehensive Income (Loss) | 9 Months Ended
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Mar. 31, 2020
Notes to Financial Statements |
Comprehensive Income (Loss) Note [Text Block] | Note 8. Supplemental Equity and Accumulated Other Comprehensive Income (Loss): Supplemental Equity The Company has declared cash dividends per share of $0.32 and $0.96 in both the three and nine month periods ended March 31, 2020 and 2019, respectively. Consolidated Changes in Equity (amounts in thousands)
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Additional |  |  |  |  |  |  | Other |  |  |  |  |
|  | Common Stock |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  |  |  |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income(Loss) |  |  | Total |
Balances at June 30, 2019 |  |  | 37,934 |  |  | $ | 379 |  |  | $ | 316,797 |  |  | $ | 931,934 |  |  | $ | (83,521 | ) |  | $ | 1,165,589 |
Cumulative effect adjustments due to adoption of new accounting standards and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (879 | ) |  |  |  |  |  |  | (879 | )
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14,398 |  |  |  |  |  |  |  | 14,398 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,106 | ) |  |  | (8,106 | )
Common stock issued for exercise of options |  |  | 94 |  |  |  | 1 |  |  |  | 7,854 |  |  |  |  |  |  |  |  |  |  |  | 7,855 |
Common stock issued for restricted stock awards |  |  | 50 |  |  |  | 0 |  |  |  | (0 | ) |  |  | (1,926 | ) |  |  |  |  |  |  | (1,926 | )
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,169 | ) |  |  |  |  |  |  | (12,169 | )
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | 8,267 |  |  |  |  |  |  |  |  |  |  |  | 8,267 |
Common stock issued to employee stock purchase plan |  |  | 6 |  |  |  | 0 |  |  |  | 1,096 |  |  |  |  |  |  |  |  |  |  |  | 1,096 |
Employee stock purchase plan expense |  |  |  |  |  |  |  |  |  |  | 99 |  |  |  |  |  |  |  |  |  |  |  | 99 |
Balances at September 30, 2019 |  |  | 38,084 |  |  | $ | 381 |  |  | $ | 334,112 |  |  | $ | 931,358 |  |  | $ | (91,627 | ) |  | $ | 1,174,224 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 119,622 |  |  |  |  |  |  |  | 119,622 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13,275 |  |  |  | 13,275 |
Common stock issued for exercise of options |  |  | 195 |  |  |  | 2 |  |  |  | 18,293 |  |  |  |  |  |  |  |  |  |  |  | 18,295 |
Common stock issued for restricted stock awards |  |  | 4 |  |  |  | 0 |  |  |  | (0 | ) |  |  |  |  |  |  |  |  |  |  | 0 |
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,197 | ) |  |  |  |  |  |  | (12,197 | )
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | 10,017 |  |  |  |  |  |  |  |  |  |  |  | 10,017 |
Common stock issued to employee stock purchase plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee stock purchase plan |  |  |  |  |  |  |  |  |  |  | 112 |  |  |  |  |  |  |  |  |  |  |  | 112 |
Balance at December 31, 2019 |  |  | 38,283 |  |  | $ | 383 |  |  | $ | 362,534 |  |  | $ | 1,038,783 |  |  | $ | (78,352 | ) |  | $ | 1,323,348 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 36,432 |  |  |  |  |  |  |  | 36,432 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (25,105 | ) |  |  | (25,105 | )
Share repurchases |  |  | (279 | ) |  |  | (3 | ) |  |  | 0 |  |  |  | (50,109 | ) |  |  |  |  |  |  | (50,112 | )
Common stock issued for exercise of options |  |  | 100 |  |  |  | 1 |  |  |  | 10,026 |  |  |  |  |  |  |  |  |  |  |  | 10,027 |
Common stock issued for restricted stock awards |  |  | 1 |  |  |  | 0 |  |  |  | (0 | ) |  |  | (114 | ) |  |  |  |  |  |  | (114 | )
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,279 | ) |  |  |  |  |  |  | (12,279 | )
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | 7,745 |  |  |  |  |  |  |  |  |  |  |  | 7,745 |
Common stock issued to employee stock purchase plan |  |  | 8 |  |  |  | 0 |  |  |  | 1,216 |  |  |  |  |  |  |  |  |  |  |  | 1,216 |
Employee stock purchase plan |  |  |  |  |  |  |  |  |  |  | 110 |  |  |  |  |  |  |  |  |  |  |  | 110 |
Balance at March 31, 2020 |  |  | 38,112 |  |  | $ | 381 |  |  | $ | 381,632 |  |  | $ | 1,012,713 |  |  | $ | (103,458 | ) |  | $ | 1,291,268 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Accumulated |  |  |  |  |
|  |  |  |  |  |  |  |  |  | Additional |  |  |  |  |  |  | Other |  |  |  |  |
|  | Common Stock |  |  | Paid-in |  |  | Retained |  |  | Comprehensive |  |  |  |  |
|  | Shares |  |  | Amount |  |  | Capital |  |  | Earnings |  |  | Income(Loss) |  |  | Total |
Balances at June 30, 2018 |  |  | 37,608 |  |  | $ | 376 |  |  | $ | 246,568 |  |  | $ | 876,931 |  |  | $ | (44,814 | ) |  | $ | 1,079,061 |
Cumulative effect adjustments due to adoption of new accounting standards and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 25,276 |  |  |  | (24,682 | ) |  |  | 594 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 17,403 |  |  |  |  |  |  |  | 17,403 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,136 | ) |  |  | (1,136 | )
Common stock issued for exercise of options |  |  | 166 |  |  |  | 2 |  |  |  | 15,609 |  |  |  |  |  |  |  |  |  |  |  | 15,611 |
Common stock issued for restricted stock awards |  |  | 24 |  |  |  | 0 |  |  |  |  |  |  |  | (2,405 | ) |  |  |  |  |  |  | (2,405 | )
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,066 | ) |  |  |  |  |  |  | (12,066 | )
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | 11,327 |  |  |  |  |  |  |  |  |  |  |  | 11,327 |
Common stock issued to employee stock purchase plan |  |  | 5 |  |  |  | 0 |  |  |  | 842 |  |  |  |  |  |  |  |  |  |  |  | 842 |
Employee stock purchase plan expense |  |  |  |  |  |  |  |  |  |  | 238 |  |  |  |  |  |  |  |  |  |  |  | 238 |
Balances at September 30, 2018 |  |  | 37,803 |  |  | $ | 378 |  |  | $ | 274,584 |  |  | $ | 905,139 |  |  | $ | (70,632 | ) |  | $ | 1,109,469 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 17,556 |  |  |  |  |  |  |  | 17,556 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,379 | ) |  |  | (12,379 | )
Share repurchases |  |  | (95 | ) |  |  | (1 | ) |  |  |  |  |  |  | (15,404 | ) |  |  |  |  |  |  | (15,404 | )
Common stock issued for exercise of options |  |  | 24 |  |  |  |  |  |  |  | 2,408 |  |  |  |  |  |  |  |  |  |  |  | 2,408 |
Common stock issued for restricted stock awards |  |  | 3 |  |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,086 | ) |  |  |  |  |  |  | - |
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | 6,784 |  |  |  |  |  |  |  |  |  |  |  | 6,784 |
Common stock issued to employee stock purchase plan |  |  | 0 |  |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Employee stock purchase plan expense |  |  |  |  |  |  |  |  |  |  | 77 |  |  |  |  |  |  |  |  |  |  |  | 77 |
Balances at December 31, 2018 |  |  | 37,735 |  |  | $ | 377 |  |  | $ | 283,854 |  |  | $ | 895,205 |  |  | $ | (83,011 | ) |  | $ | 1,096,425 |
Net earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 44,654 |  |  |  |  |  |  |  | 44,654 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,378 |  |  |  | 3,378 |
Share repurchases |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Common stock issued for exercise of options |  |  | 73 |  |  |  | 1 |  |  |  | 7,336 |  |  |  |  |  |  |  |  |  |  |  | 7,337 |
Common stock issued for restricted stock awards |  |  | 1 |  |  |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Cash dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (12,086 | ) |  |  |  |  |  |  | (12,086 | )
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | 5,640 |  |  |  |  |  |  |  |  |  |  |  | 5,640 |
Common stock issued to employee stock purchase plan |  |  | 4 |  |  |  | 0 |  |  |  | 834 |  |  |  |  |  |  |  |  |  |  |  | 834 |
Employee stock purchase plan expense |  |  |  |  |  |  |  |  |  |  | 84 |  |  |  |  |  |  |  |  |  |  |  | 84 |
Balances at March 31, 2019 |  |  | 37,813 |  |  | $ | 378 |  |  | $ | 297,748 |  |  | $ | 927,773 |  |  | $ | (79,633 | ) |  | $ | 1,146,266 |
Accumulated Other Comprehensive Income The components of other comprehensive income (loss) consist of changes in foreign currency translation adjustments and changes in net unrealized gains (losses) on derivative instruments designated as cash flow hedges entered into in the second quarter of fiscal 2019. During the 9 months ended March 31, 2020, the company reclassified $1.6 million, net of taxes, from comprehensive income into income relating to cash payments made on the cash flow derivative instrument. The Company did not reclassify any gains (losses) from accumulated other comprehensive income (loss) to earnings during the nine months ended March 31, 2019. The accumulated balances related to each component of other comprehensive income (loss), net of tax, are summarized as follows:
|  | Gains (Losses) on Derivative Instruments |  |  | Foreign Currency Translation Adjustments |  |  | Total |
Balance as of June 30, 2019 |  | $ | (9,537 | ) |  | $ | (73,983 | ) |  | $ | (83,521 | )
Other comprehensive income (loss), net of tax before reclassifications |  |  | (6,413 | ) |  |  | (15,138 | ) |  |  | (21,551 | )
Reclassification of loss on derivatives to interest expense, net of taxes (3) |  |  | 1,614 |  |  |  | - |  |  |  | 1,614 |
Balance as of March 31, 2020(1)(3) |  | $ | (14,336 | ) |  | $ | (89,121 | ) |  | $ | (103,458 | )
|  | Gains (Losses) on Derivative Instruments |  |  | Foreign Currency Translation Adjustments |  |  | Total |
Balance as of June 30, 2018(2) |  | $ | - |  |  | $ | (69,496 | ) |  | $ | (69,496 | )
Other comprehensive income (loss), net of tax before reclassifications |  |  | (5,769 | ) |  |  | (4,368 | ) |  |  | (10,137 | )
Balance as of March 31, 2019 (3) |  | $ | (5,769 | ) |  | $ | (73,864 | ) |  | $ | (79,633 | )
(1) The gain (loss) on the interest rate swap will be reclassified into interest expense as payments on the derivative agreement are made. Approximately ($7,487) of the ($14,336) will be reclassified into earnings in the 12 months subsequent to March 31, 2020. (2) As previously disclosed in our 10-K/A, unrealized gains of $24,682 on available-for-sale investments with readily determinable fair vales were included in the June 30, 2018 Consolidated Balance Sheet and were reclassified into retained earnings at the beginning of fiscal 2019 upon our adoption of ASU 2016-01 and ASU 2018-02. The amounts presented in accumulated other comprehensive income as of June 30, 2018 exclude these unrealized gains subsequently reclassified into retained earnings. (3) The Company reclassified ($2,102) to interest expense and a related tax benefit tax of $488 during the nine months ended March 31, 2020. The Company had deferred tax benefits of $4,390 and $1,792 included in the accumulated other comprehensive income loss as of March 31, 2020 and March 31, 2019, respectively.

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