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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Jun. 30, 2016

EMPLOYEE BENEFIT PLANS

Schedule of the changes in the plans benefit obligations, fair value of assets and funded status

        The following provides a reconciliation of the changes in the plans' benefit obligations and fair value of assets for fiscal years 2015 and 2016, and a statement of the funded status as of June 30, 2015 and 2016 (in thousands):

		2015			2016
Change in Benefit Obligation
Benefit obligation at beginning of year		$	13,690		$	13,896
Translation adjustment			(941	)		(933	)
Service costs			34			—
Interest costs			671			582
Curtailment			—			(1,187	)
Actuarial (gain) loss			585			1,226
Benefits paid			(143	)		(279	)
​	​	​	​	​	​	​	​
Benefit obligation at end of year			13,896			13,305
​	​	​	​	​	​	​	​
Change in Plan Assets
Fair value of plan assets at beginning of year			7,711			7,090
Translation adjustment			(849	)		(923	)
Actual return on plan assets			366			488
Company contributions			77			55
Benefits paid			(215	)		(1,500	)
​	​	​	​	​	​	​	​
Fair value of plan assets at end of year			7,090			5,210
​	​	​	​	​	​	​	​
Funded status			(6,806	)		(8,095	)
Unrecognized net actuarial loss			—			—
​	​	​	​	​	​	​	​
Net amount recognized		$	(6,806	)	$	(8,095	)
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Amount recognized in consolidated balance sheets consists of:
Investments		$	782		$	648
Accrued pension liability			(6,829	)		(8,581	)
Accumulated other comprehensive income			2,488			2,792

Schedule of net periodic benefit costs

        The following table provides the net periodic benefit costs for each of the fiscal years ended June 30, (in thousands):

		2014			2015			2016
Net Periodic Benefit Costs
Service costs		$	58		$	34		$	—
Interest costs			697			671			582
Expected return on plan assets			(393	)		(418	)		(303	)
Amortization of prior service costs			615			615			420
Recognized actuarial loss			144			204			43
​	​	​	​	​	​	​	​	​	​	​
Net periodic benefit cost		$	1,121		$	1,106		$	742
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of plan assumptions

		2015			2016
Weighted average assumptions at year-end:
Discount rate			4.5	%		3.5	%
Expected return on plan assets			5.1	%		4.8	%
Rate of compensation increase			2.0	%		2.9	%

Schedule of plan assets and investment policy

Fiscal year ended June 30, 2015

Fiscal year ended June 30, 2016

Proportion of Fair Value

Expected Rate of Return

Proportion of Fair Value

Expected Rate of Return

Equity securities

56

%

7

%

58

%

7

%

Debt securities

40

%

2

%

32

%

2

%

Other

4

%

4

%

10

%

2

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Combined

100

%

5.1

%

100

%

4.8

%

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Schedule of estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost

        The following table reflects estimated benefits payments, based upon the same assumptions used to measure the benefit obligation and net pension cost, as of June 30, 2016 (in thousands):

		Pension Benefits
July 1, 2016 to June 30, 2017		$	139
July 1, 2017 to June 30, 2018			171
July 1, 2018 to June 30, 2019			676
July 1, 2019 to June 30, 2020			1,185
July 1, 2020 to June 30, 2021			1,195
July 1, 2021 to June 30, 2026			6,249

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Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(5)
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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
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Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920

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Tabular disclosure of net funded status of pension plans and/or other employee benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920

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