SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2014

SHAREHOLDERS' EQUITY [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive loss included in equity as of June 30, 2014 and 2013 are as follows (in thousands):

	2014			2013
Translation adjustments	$	20,779		$	16,949
Benefit plan adjustments, net of income taxes of $21,436 and $25,242, respectively		(36,722	)		(42,848	)
Accumulated other comprehensive loss	$	(15,943	)	$	(25,899	)

Reconciliation for the Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax, by Component

A reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component for the year ended June 30, 2014 is as follows:

	Translation Adjustment		Benefit Plan Adjustment
Balance at June 30, 2013	$	16,949	$	(42,848	)
Other comprehensive loss before reclassifications		3,830		3,950
Amounts reclassified from accumulated other comprehensive income		-		2,176
Net current period other comprehensive income		3,830		6,126
Balance at June 30, 2014	$	20,779	$	(36,722	)

Reconciliation for the Reclassifications Out of Accumulated Other Comprehensive Income (Loss), Net of Tax

A reconciliation for the reclassifications out of accumulated other comprehensive income (loss), net of tax for the year ended June 30, 2014 is as follows:

	Amount Reclassified
Amortization of benefit plan items
Actuarial losses	$	(3,496	)
Transition asset and prior service benefit		(31	)
Total before tax benefit		(3,527	)
Tax benefit		1,351
Total reclassification net of tax	$	(2,176	)