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Foreign Operations
6 Months Ended
Dec. 31, 2017
Foreign Currency [Abstract]  
Foreign Operations

14 . Foreign Operations

 

Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing on the balance sheet date, and revenues and expenses are translated at average rates of exchange for the period. During the six months ended December 31, 2017 and 2016, we recognized a gain of approximately $409,000 and a loss of $272,000 on foreign currency transactions, respectively, included in the consolidated statements of comprehensive income in the line item entitled “Other income (expense), net.” Gains or losses on the translation of the financial statements of a non-U.S. operation, where the functional currency is other than the U.S. dollar, are reflected as a separate component of equity, which was a gain of approximately $123,000 and $75,000 for the six months ended December 31, 2017 and 2016, respectively. As of December 31, 2017, we had approximately $14.4 million in assets and $12.4 million in net assets located in China, compared to approximately $14.0 million in assets and $12.3 million in net assets located in China as of June 30, 2017. As of December 31, 2017, we had approximately $6.4 million in assets and $6.1 million in net assets located in Latvia, compared to approximately $6.1 million in assets and $6.0 in net assets located in Latvia as of June 30, 2017.