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Foreign Operations
 12 Months Ended
Jun. 30, 2019
Foreign Currency [Abstract]  
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. 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 cumulative gain of approximately $809,000 and $474,000 as of June 30, 2019 and 2018, respectively. During the years ended June 30, 2019 and 2018, we also recognized a net foreign currency transaction loss of approximately $436,000 and a net foreign currency transaction gain of approximately $141,000, respectively, included in the Consolidated Statements of Comprehensive Income (Loss) in the line item entitled “Other income (expense), net.”

 

Assets and net assets in foreign countries are as follows:

 

    China     Latvia  
    June 30, 2019     June 30, 2018     June 30, 2019     June 30, 2018  
Assets   $ 16.9 million     $ 14.7 million     $ 8.2 million     $ 6.4 million  
Net assets   $ 14.5 million     $ 12.6 million     $ 7.8 million     $ 5.9 million