Note 8 - Supplemental Equity and Accumulated Other Comprehensive Income (Loss)
|3 Months Ended|
Sep. 30, 2019
|Notes to Financial Statements|
|Comprehensive Income (Loss) Note [Text Block]||
Note 8. Supplemental Equity and Accumulated Other Comprehensive Income (Loss):
The Company has declared cash dividends per share of $0.32 in both the three months ended September 30, 2019 and 2018.
Consolidated Changes in Equity (amounts in thousands)
Accumulated Other Comprehensive Income
The components of other comprehensive income (loss) consist of changes in foreign currency translation adjustments and changes in net unrealized gains (losses) on derivative instruments designated as cash flow hedges entered into in the second quarter of fiscal 2019. There were no reclassifications of gains (losses) from accumulated other comprehensive income (loss) to earnings during the three months ended September 30, 2019 and 2018.
The accumulated balances related to each component of other comprehensive income (loss), net of tax, are summarized as follows:
(1) The gain (loss) on the forward starting interest rate swap will be reclassified into earnings beginning October 31, 2019. Approximately ($3,907) of the ($10,041) will be reclassified into earnings in the 12 months subsequent to September 30, 2019.
(2) As previously disclosed in our 10-K/A, unrealized gains of $24,682 on available-for-sale investments with readily determinable fair vales were included in the June 30, 2018 Consolidated Balance Sheet and were reclassified into retained earnings at the beginning of fiscal 2019 upon our adoption of ASU 2016-01 and ASU 2018-02. The amounts presented in accumulated other comprehensive income as of June 30, 2018 exclude these unrealized gains subsequently reclassified into retained earnings.
The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef