Note 7 - Supplemental Equity and Accumulated Other Comprehensive Income (Loss)
|3 Months Ended|
Sep. 30, 2020
|Notes to Financial Statements|
|Comprehensive Income (Loss) Note [Text Block]||
Note 7. 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, 2020 and 2019.
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. 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:
(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.
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.
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