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Note 17 - Accumulated Other Comprehensive Loss

12 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

(17) Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consists of foreign currency translation adjustments and unrealized gains or losses on investments, net of tax. Foreign currency translation adjustments are the result of changes in foreign currency exchange rates related to our operations in Canada, Honduras and Mexico. Assets and liabilities are translated into U.S. dollars using the current period-end exchange rate and income and expense amounts are translated using the average exchange rate for the period in which the transaction occurred. Our investments at June 30, 2024 consist of United States Treasury Bills and Notes with maturities of two years or less. At June 30, 2023, our investments consisted of United States Treasury Bills with maturities of one year or less. All unrealized gains and losses are included, net of tax, in Accumulated other comprehensive loss, within the consolidated balance sheets. The tax effect of unrealized gains included in accumulated other comprehensive loss was $0.3 million and $0.2 million as of June 30, 2024 and 2023, respectively.

The components of accumulated other comprehensive loss are as follows (in thousands):

		June 30,
		2024				2023
Accumulated foreign currency translation adjustments		$	(5,085	)		$	(3,219	)
Accumulated unrealized gains on investments, net of tax			896				434
		$	(4,189	)		$	(2,785	)

The tax effect of unrealized gains on investments included in accumulated other comprehensive loss was $0.3 million and $0.2 million at June 30, 2024 and 2023, respectively.

The following table sets forth the activity in accumulated other comprehensive loss (in thousands):

		Fiscal Year Ended June 30,
		2024				2023
Beginning balance at July 1		$	(2,785	)		$	(6,462	)
Other comprehensive income (loss), net of tax			(1,446	)			3,681
Less amounts attributable to noncontrolling interests			42				(4	)
Ending balance at June 30		$	(4,189	)		$	(2,785	)

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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X

- References

No definition available.

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