Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Supplemental Equity and Accumulated Other Comprehensive Income (Loss)

v3.10.0.1
Note 7 - Supplemental Equity and Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
Note
7
.
Supplemental Equity and
Accumulated Other Comprehensive Income
(loss)
:
 
Consolidated Changes in Equity (amounts in thousands)
  
   
Common Stock
    
Additional
Paid-in
   
Retained
    
Accumulated Other
Comprehensive
   
 
 
 
   
Shares
    
Amount
    
Capital
    
Earnings
    
Income(Loss)
    
Total
  
Balances at June 30, 2018
  
 
37,608
   
$
376
   
$
246,568
   
$
876,931
   
$
(44,814
)
  
$
1,079,061
 
Cumulative effect adjustments due to adoption of new accounting standards
    
 
      
 
      
 
      
24,780
      
(24,682
 )    
98
  
Net earnings
    
 
      
 
      
 
      
17,403
      
 
      
17,403
  
Other comprehensive loss
    
 
      
 
      
 
      
 
      
(1,136
 )    
(1,136
 )
Share repurchases    
 
      
 
      
 
      
 
      
 
      
-
  
Surrender and retirement of stock to exercise options
    
 
      
 
      
 
      
 
      
 
      
-
  
Common stock issued for exercise of options
    
166
      
2
      
15,609
      
 
      
 
      
15,611
  
Common stock issued for restricted stock awards
    
24
      
0
      
 
      
(1,909
 )    
 
      
(1,909
 )
Cash dividends
    
 
      
 
      
 
      
(12,066
 )    
 
      
(12,066
 )
Stock-based compensation expense
    
 
      
 
      
11,327
      
 
      
 
      
11,327
  
Common stock issued to employee stock purchase plan
    
5
      
-
      
842
      
 
      
 
      
842
  
Employee stock purchase plan expense
    
 
      
 
      
238
      
 
      
 
      
238
  
Balances at September 30, 2018
  
 
37,803
   
$
378
   
$
274,584
   
$
905,139
   
$
(70,632
)
  
$
1,109,469
 
Net earnings
    
 
      
 
      
 
      
17,556
      
 
      
17,556
  
Other comprehensive loss
    
 
      
 
      
 
      
 
      
(12,379
 )    
(12,379
 )
Share repurchases     
(95
 )    
(1
 )    
 
      
(15,404
 )    
 
      
(15,404
 )
Surrender and retirement of stock to exercise options
    
 
      
 
      
 
      
 
      
 
      
-
  
Common stock issued for exercise of options
    
24
      
0
      
2,408
      
 
      
 
      
2,408
  
Common stock issued for restricted stock awards
    
3
      
0
      
 
      
0
      
 
      
-
  
Cash dividends
    
 
      
 
      
 
      
(12,086
 )    
 
      
(12,086
 )
Stock-based compensation expense
    
 
      
 
      
6,784
      
 
      
 
      
6,784
  
Common stock issued to employee stock purchase plan
    
0
      
0
      
 
      
 
      
 
      
-
  
Employee stock purchase plan expense
    
 
      
 
      
77
      
 
      
 
      
77
  
Balances at December 31, 2018
  
 
37,735
   
$
377
   
$
283,854
   
$
895,205
    
$
(83,011
)
  
$
1,096,425
  

 
   
Common Stock
    
Additional
Paid-in
   
Retained
    
Accumulated Other Comprehensive
   
 
 
 
   
Shares
    
Amount
    
Capital
    
Earnings
    
Income(Loss)
    
Total
  
Balances at June 30, 2017
  
 
37,356
   
$
374
   
$
199,161
   
$
799,027
   
$
(48,935
)
  
$
949,627
 
Net earnings
    
 
      
 
      
 
      
15,863
      
 
      
15,863
  
Other comprehensive loss
    
 
      
 
      
 
      
 
      
(824
 )    
(824
 )
Surrender and retirement of stock to exercise options
    
 
      
 
      
 
      
 
      
 
      
0
  
Common stock issued for exercise of options
    
33
      
0
      
3,051
      
 
      
 
      
3,051
  
Common stock issued for restricted stock awards
    
13
      
0
      
 
      
(227
 )    
 
      
(227
 )
Cash dividends
    
 
      
 
      
 
      
(11,958
 )    
 
      
(11,958
 )
Stock-based compensation expense
    
 
      
 
      
3,718
      
 
      
 
      
3,718
  
Common stock issued to employee stock purchase plan
    
7
      
0
      
755
      
 
      
 
      
755
  
Employee stock purchase plan expense
    
 
      
 
      
77
      
 
      
 
      
77
  
Balances at September 30, 2017
  
 
37,409
   
 $
374
   
 $
206,762
   
 $
802,705
   
 $
(49,759
)
  
 $
960,082
 
Net earnings
    
 
      
 
      
 
      
48,847
      
 
      
48,847
  
Other comprehensive loss
    
 
      
 
      
 
      
 
      
(7,058
 )    
(7,058
 )
Surrender and retirement of stock to exercise options
    
 
      
 
      
 
      
 
      
 
      
-
  
Common stock issued for exercise of options
    
38
      
1
      
2,892
      
 
      
 
      
2,893
  
Common stock issued for restricted stock awards
    
22
      
-
      
 
      
-
      
 
      
-
  
Cash dividends
    
 
      
 
      
 
      
(11,988
 )    
 
      
(11,988
 )
Stock-based compensation expense
    
 
      
 
      
4,985
      
 
      
 
      
4,985
  
Common stock issued to employee stock purchase plan
    
-
      
 
      
-
      
 
      
 
      
-
  
Employee stock purchase plan expense
    
 
      
 
      
59
      
 
      
 
      
59
  
Balances at December 31, 2017
  
 
37,470
    
 $
375
    
 $
214,697
    
 $
839,564
    
 $
(56,817
)
  
 $
997,819
  
 
Accumulated Other Comprehensive Income
 
The components of other comprehensive income (loss) consist of changes in net unrealized gains (losses) on available for sale investments with readily determinable fair values in fiscal 
2018,
 changes in foreign currency translation adjustments, and changes in net unrealized gains (losses) on derivative instruments designated as cash flow hedges entered into in fiscal
2019.
There were
no
reclassifications of gains (losses) from accumulated other comprehensive income (loss) to earnings during the
six
months ended
December 31, 2018
and
2017.
 
The accumulated balances related to each component of other comprehensive income (loss), net of tax, are summarized as follows (in thousands):
 
   
Unrealized
    
 
 
 
  
 
 
 
  
 
 
 
   
Gains
    
 
 
 
  
Unrealized
    
 
 
 
   
(Losses) on
    
Foreign
    
Gains
    
 
 
 
   
Available-
    
Currency
    
(Losses) on
   
 
 
 
   
for-Sale
    
Translation
    
Derivatives 
    
 
 
 
   
Investments
    
Adjustments
     Instruments    
Total
  
Beginning balance as of 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), net of tax benefit of $1,216 on derivative instruments
(2)
    
-
      
(9,600
)
    
(3,915
 )    
(13,515
 )
Ending balance as of December 31, 2018
   $
-
     $
(79,096
 )   $
(3,915
 )   $
(83,011
 )
 
(
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 (
$250
) of the (
$3,915
) will be reclassified into earnings in the
12
months subsequent to 
December 31, 2018.
 
   
Unrealized
    
 
 
 
  
 
 
 
  
 
 
 
   
Gains
    
 
 
 
  
Unrealized
    
 
 
 
   
(Losses) on
    
Foreign
    
Gains
    
 
 
 
   
Available-
    
Currency
    
(Losses) on
   
 
 
 
   
for-Sale
    
Translation
    
Derivative
    
 
 
 
   
Investments
    
Adjustments
    
Instruments
    
Total
  
Beginning balance as of June 30, 2017
   $
18,989
     $
(67,924
)
   $
-
     $
(48,935
)
Other comprehensive income (loss), net of tax benefit of $4,576 before reclassifications
    
(16,374
)
    
8,492
      
-
      
(7,882
)
Ending balance as of December 31.2017
   $
2,615
      
(59,432
)
   $
-
     $
(56,817
)