| Comprehensive Income (Loss) Note [Text Block] |
Note 7. Supplemental Equity and Accumulated Other Comprehensive Income (Loss):
Supplemental Equity
The Company has declared cash dividends per share of $0.32 in both the three months ended September 30, 2020 and 2019.
Consolidated Changes in Equity (amounts in thousands)
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|
|
|
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|
|
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Accumulated |
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|
|
|
| |
|
|
|
|
|
|
|
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Additional |
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|
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Other |
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|
|
|
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|
Common Stock |
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Paid-in |
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|
Retained |
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|
Comprehensive |
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|
|
| |
|
Shares |
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|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income(Loss) |
|
|
Total |
|
| Balances at June 30, 2020 |
|
|
38,453 |
|
|
$ |
385 |
|
|
$ |
420,536 |
|
|
$ |
1,057,470 |
|
|
$ |
(97,199 |
) |
|
$ |
1,381,192 |
|
| Cumulative effect adjustments due to adoption of new accounting standards |
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|
|
|
|
|
|
|
|
|
|
|
|
|
(276 |
) |
|
|
|
|
|
|
(276 |
) |
| Net earnings |
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|
|
|
|
|
|
|
|
|
|
|
|
|
33,395 |
|
|
|
|
|
|
|
33,395 |
|
| Other comprehensive income |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,057 |
|
|
|
14,057 |
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| Common stock issued for exercise of options |
|
|
117 |
|
|
|
1 |
|
|
|
13,727 |
|
|
|
|
|
|
|
|
|
|
|
13,728 |
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| Common stock issued for restricted stock awards |
|
|
25 |
|
|
|
0 |
|
|
|
|
|
|
|
(4,890 |
) |
|
|
|
|
|
|
(4,890 |
) |
| Cash dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(12,336 |
) |
|
|
|
|
|
|
(12,336 |
) |
| Stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
12,667 |
|
|
|
|
|
|
|
|
|
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|
12,667 |
|
| Common stock issued to employee stock purchase plan |
|
|
6 |
|
|
|
0 |
|
|
|
1,463 |
|
|
|
|
|
|
|
|
|
|
|
1,463 |
|
| Employee stock purchase plan expense |
|
|
|
|
|
|
|
|
|
|
286 |
|
|
|
|
|
|
|
|
|
|
|
286 |
|
| Balances at September 30, 2020 |
|
|
38,601 |
|
|
$ |
386 |
|
|
$ |
448,679 |
|
|
$ |
1,073,362 |
|
|
$ |
(83,142 |
) |
|
$ |
1,439,285 |
|
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|
|
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|
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|
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Accumulated |
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|
|
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| |
|
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|
|
|
|
|
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Additional |
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|
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|
Other |
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|
|
|
|
| |
|
Common Stock |
|
|
Paid-in |
|
|
Retained |
|
|
Comprehensive |
|
|
|
|
|
| |
|
Shares |
|
|
Amount |
|
|
Capital |
|
|
Earnings |
|
|
Income(Loss) |
|
|
Total |
|
| Balances at June 30, 2019 |
|
|
37,934 |
|
|
$ |
379 |
|
|
$ |
316,797 |
|
|
$ |
931,934 |
|
|
$ |
(83,521 |
) |
|
$ |
1,165,589 |
|
| Cumulative effect adjustments due to adoption of new accounting standards and other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(879 |
) |
|
|
|
|
|
|
(879 |
) |
| Net earnings |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,398 |
|
|
|
|
|
|
|
14,398 |
|
| Other comprehensive loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8,106 |
) |
|
|
(8,106 |
) |
| Common stock issued for exercise of options |
|
|
94 |
|
|
|
1 |
|
|
|
7,854 |
|
|
|
|
|
|
|
|
|
|
|
7,855 |
|
| Common stock issued for restricted stock awards |
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|
50 |
|
|
|
0 |
|
|
|
(0 |
) |
|
|
(1,926 |
) |
|
|
|
|
|
|
(1,926 |
) |
| Cash dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(12,169 |
) |
|
|
|
|
|
|
(12,169 |
) |
| Stock-based compensation expense |
|
|
|
|
|
|
|
|
|
|
8,267 |
|
|
|
|
|
|
|
|
|
|
|
8,267 |
|
| Common stock issued to employee stock purchase plan |
|
|
6 |
|
|
|
0 |
|
|
|
1,096 |
|
|
|
|
|
|
|
|
|
|
|
1,096 |
|
| Employee stock purchase plan expense |
|
|
|
|
|
|
|
|
|
|
99 |
|
|
|
|
|
|
|
|
|
|
|
99 |
|
| Balances at September 30, 2019 |
|
|
37,803 |
|
|
$ |
381 |
|
|
$ |
334,112 |
|
|
$ |
931,358 |
|
|
$ |
(91,627 |
) |
|
$ |
1,174,224 |
|
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. The Company reclassified $2.1 million from accumulated other comprehensive income (loss) to earnings during the three months ended September 30, 2020.
The accumulated balances related to each component of other comprehensive income (loss), net of tax, are summarized as follows:
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|
Unrealized Gains (Losses) on Derivative Instruments |
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|
Foreign Currency Translation Adjustments |
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|
Total |
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| Balance as of June 30, 2020 |
|
$ |
(13,253 |
) |
|
$ |
(83,946 |
) |
|
$ |
(97,199 |
) |
| Other comprehensive income (loss) before reclassifications, net of taxes |
|
|
11 |
|
|
|
11,914 |
|
|
|
11,925 |
|
| Reclassification from loss on derivatives to interest expense, net of taxes(1)
|
|
|
2,132 |
|
|
|
|
|
|
|
2,132 |
|
| Balance as of September 30, 2020(2) |
|
$ |
(11,110 |
) |
|
$ |
(72,032 |
) |
|
$ |
(83,142 |
) |
| |
|
Unrealized Gains (Losses) on Derivative Instruments |
|
|
Foreign Currency Translation Adjustments |
|
|
Total |
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| Balance as of June 30, 2019 |
|
$ |
(9,537 |
) |
|
$ |
(73,983 |
) |
|
$ |
(83,521 |
) |
| Other comprehensive income (loss), net of tax before reclassifications |
|
|
(504 |
) |
|
|
(7,602 |
) |
|
|
(8,106 |
) |
| Balance as of September 30, 2019(2) |
|
$ |
(10,041 |
) |
|
$ |
(81,585 |
) |
|
$ |
(91,627 |
) |
(1) Gains (losses) on the interest swap are reclassified into interest expense as payments on the derivative agreement are made. The Company reclassified ($2,769) to interest expense and a related tax benefit tax of $637 during the quarter ended September 30, 2020.
(2)
The Company had deferred tax benefits of
$3,413 and
$4,058 included in the accumulated other comprehensive income loss as of
September 30, 2020 and
June 30, 2020, respectively.
|