ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS )

12 Months Ended

Jun. 30, 2019

Comprehensive Income (Loss) Note [Text Block]

NOTE 15. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents changes in accumulated other comprehensive income (loss) by component:

(dollars in thousands)	Unrealized gains (losses) on available- for-sale investments ¹			Foreign currency translation adjustment			Total
Balance at June 30, 2017	$	461		$	(197	)	$	264
Other comprehensive income (loss) before reclassifications		3,346			(49	)		3,297
Tax effect		(1,049	)		-			(1,049	)
Amount reclassified from AOCI		(669	)		15			(654	)
Tax effect		-			-			-
Net other comprehensive income (loss) for 2018		1,628			(34	)		1,594
Balance at June 30, 2018		2,089			(231	)		1,858
Reclassification pursuant to adoption of ASU 2016-01, net of tax of $1,049		(2,089	)		-			(2,089	)
Balance at July 1, 2018		-			(231	)		(231	)
Other comprehensive income before reclassifications		-			3			3
Tax effect		-			-			-
Amount reclassified from AOCI		-			22			22
Tax effect		-			-			-
Net other comprehensive income for 2019		-			25			25
Balance at June 30, 2019	$	-		$	(206	)	$	(206	)

^1.

Prior to the adoption of ASU 2016-01, effective July 1, 2018, amounts reclassified from unrealized gains (losses) on available-for-sale investments, net of tax, were recorded in investment income (loss) on the Consolidated Statements of Operations. Upon adoption of ASU 2016-01, the Company no longer has an available-for-sale category for equity securities for which changes in fair value are recognized in other comprehensive income (loss). See Note 2.