XML 49 R27.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Equity
 12 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Equity Equity
Stock Repurchase Program
On March 31, 2020, the Company’s Board of Directors authorized the repurchase of up to $350,000 of the Company’s Class A Common Stock. The program was re-authorized by the Company’s Board of Directors on March 29, 2023. Under the authorization, shares of Class A Common Stock may be purchased from time to time in accordance with applicable insider trading and other securities laws and regulations. The timing and amount of purchases will depend on market conditions and other factors. The Company has not engaged in any share repurchase activities under its share repurchase program to date.
Accumulated Other Comprehensive Loss
The following table details the components of accumulated other comprehensive loss:
Pension Plans and
Postretirement
Plan		Cumulative Translation AdjustmentsAccumulated
Other
Comprehensive
Loss
Balance as of June 30, 2023$(5,138)$200 $(4,938)
Other comprehensive loss:
Other comprehensive loss before reclassifications— (1,851)(1,851)
Amounts reclassified from accumulated other comprehensive loss (a)
(539)— (539)
Income tax benefit143 618 761 
Other comprehensive loss, total(396)(1,233)(1,629)
Balance as of June 30, 2024$(5,534)$(1,033)$(6,567)
Pension Plans and
Postretirement
Plan		Cumulative Translation AdjustmentsAccumulated
Other
Comprehensive
Loss
Balance as of June 30, 2022$(40,287)$(8,068)$(48,355)
Other comprehensive income:
Other comprehensive income before reclassifications— 6,656 6,656 
Amounts reclassified from accumulated other comprehensive loss (a)
1,755 — 1,755 
Income tax expense(323)(1,212)(1,535)
Other comprehensive income, total1,432 5,444 6,876 
Disposition of Tao Group Hospitality
— 2,824 2,824 
Distribution of MSG Entertainment 33,717 — 33,717 
Balance as of June 30, 2023$(5,138)$200 $(4,938)
Pension Plans and
Postretirement
Plan		Cumulative Translation AdjustmentsAccumulated
Other
Comprehensive
Loss
Balance as of June 30, 2021$(45,425)$15,153 $(30,272)
Other comprehensive income (loss):
Other comprehensive loss before reclassifications— (25,034)(25,034)
Amounts reclassified from accumulated other comprehensive loss (a)
2,734 —2,734 
Income tax benefit2,404 1,813 4,217 
Other comprehensive income (loss), total5,138 (23,221)(18,083)
Balance as of June 30, 2022$(40,287)$(8,068)$(48,355)
_________________
(a)    Amounts reclassified from accumulated other comprehensive loss represent curtailments, settlement losses recognized, the amortization of net actuarial gain (loss) and net unrecognized prior service credit included in net periodic benefit cost, which is reflected under Other income (expense), net in the accompanying consolidated statements of operations (see Note 14. Pension Plans and Other Postretirement Benefit Plan).