Quarterly report pursuant to Section 13 or 15(d)

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

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

3 Months Ended

Sep. 30, 2019

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 $0.32 in both the three months ended September 30, 2019 and 2018.

Consolidated Changes in Equity (amounts in thousands)

											Accumulated
					Additional						Other
	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		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		38,084	$	381	$	334,112		$	931,358		$	(91,627	)	$	1,174,224

										Accumulated
					Additional					Other
	Common Stock				Paid-in		Retained			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 and other								25,276			(24,682	)		594
Net earnings								17,403						17,403
Other comprehensive loss											(1,136	)		(1,136	)
Common stock issued for exercise of options		166		2		15,609								15,611
Common stock issued for restricted stock awards		24		0				(2,405	)					(2,405	)
Cash dividends								(12,066	)					(12,066	)
Stock-based compensation expense						11,327								11,327
Common stock issued to employee stock purchase plan		5		0		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

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:

	Unrealized Gains (Losses) on Derivative Instruments			Foreign Currency Translation Adjustments			Total
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⁽¹⁾	$	(10,041	)	$	(81,585	)	$	(91,627	)

	Unrealized Gains (Losses) on Derivative Instruments		Foreign Currency Translation Adjustments			Total
Balance as of June 30, 2018⁽²⁾	$	-	$	(69,496	)	$	(69,496	)
Other comprehensive income (loss), net of tax before reclassifications		-		(1,136	)		(1,136	)
Balance as of September 30, 2018	$	-	$	(70,632	)	$	(70,632	)

(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.