XML 69 R40.htm IDEA: XBRL DOCUMENT v3.20.2
Noncontrolling interests (Tables)
12 Months Ended
Jun. 30, 2020
Noncontrolling Interest [Line Items]  
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]
The following table presents the reconciliation of changes in our redeemable noncontrolling interests:
Balance as of June 30, 2018
 
$
86,151

Proceeds from sale of noncontrolling interest
 
57,046

Acquisition of noncontrolling interest
 
9,061

Accretion to redemption value recognized in retained earnings
 
7,133

Net loss attributable to noncontrolling interest
 
(1,566
)
Distribution to noncontrolling interest
 
(3,375
)
Purchase of noncontrolling interests
 
(85,520
)
Adjustment to additional-paid in capital for purchase of noncontrolling interest
 
(2,714
)
Other adjustments
 
(40
)
Foreign currency translation
 
(2,994
)
Balance as of June 30, 2019
 
63,182

Acquisition of noncontrolling interest (1)
 
3,995

Accretion to redemption value recognized in retained earnings (2)
 
5,493

Net income attributable to noncontrolling interest
 
630

Distribution to noncontrolling interest
 
(3,955
)
Foreign currency translation
 
(239
)
Balance as of June 30, 2020
 
$
69,106


___________________
(1) During the first quarter of fiscal 2020, we acquired majority equity interests related to two immaterial businesses within our PrintBrothers reportable segment.
(2) Accretion of redeemable noncontrolling interests to redemption value recognized in retained earnings is the result of the redemption amount estimated to be greater than carrying value but less than fair value. Refer above for additional details.