Annual report pursuant to Section 13 and 15(d)

Note 8 - Supplemental Equity and Accumulated Other Comprehensive Income (Loss)

v3.19.2
Note 8 - Supplemental Equity and Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
Note
8.
Supplemental Equity and 
Accumulated Other Comprehensive Income (loss): 
 
Supplemental Equity
 
The Company has declared cash dividends per share of
$1.28
in each of the full fiscal years ended  
June 30, 2019,
June 30, 2018,
and
June 30, 2017.
During the year ended
June 30, 2019,
the Company repurchased
95,000
shares at an average share price of
$162.15.
During fiscal
2019,
the Company made the accounting policy election to record the portion of share repurchases in excess of the par value entirely in retained earnings.
 
Accumulated Other Comprehensive Income (loss) 
 
Changes in accumulated other comprehensive income (loss), net of tax, at
June 30 
consists of (in thousands):
 
 
   
Unrealized
Gains (Losses)
on Available-
for-Sale
Investments
    
Foreign
Currency
Translation
Adjustments
    
Unrealized Gains (Losses) on Derivatives Instruments
    
Total
  
Balance June 30, 2016
   $
(5,542
)
    
(64,863
)
    
-
     $
(70,405
)
Other comprehensive income (loss) before reclassifications
    
24,531
      
(3,061
)
    
-
      
21,470
  
Balance June 30, 2017
   $
18,989
      
(67,924
)
    
-
     $
(48,935
)
Other comprehensive income (loss) before reclassifications
    
18,108
      
(1,572
)
    
-
      
16,536
  
Amounts reclassified from accumulated other comprehensive loss to income
    
(12,415
)
    
-
      
-
      
(12,415
)
Balance June 30, 2018
   $
24,682
      
(69,496
)
    
-
     $
(44,814
)
Cumulative effect adjustment for adoption for ASU 2018-02
(1)
    
2,371
      
-
      
-
      
2,371
  
Cumulative effect adjustment for adoption for ASU 2016-01
(1)
    
(27,053
 )    
-
      
-
      
(27,053
 )
Other comprehensive income (loss) before reclassifications
(2)
    
-
      
(4,487
 )    
(9,537
 )    
(14,024
 )
Balance June 30, 2019
   $
-
      
(73,983
)
    
(9,537
 )   $
(83,521
)
 
(
1
)
See Note
1
for further information related to the adoption of ASU
2016
-
01
and
2018
-
02.
(
2
)
 The gain (loss) on the forward starting interest rate swap will be reclassified into earnings beginning
October 31, 2019.
Approximately (
$1,748
) of the (
$9,537
) will be reclassified into earnings in the
12
months subsequent to
June 30, 2019.