Accumulated Other Comprehensive Loss

9 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

(13) Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss at March 31, 2018 and June 30, 2017 are presented in the following table:

(In thousands)
Accumulated other comprehensive loss:	March 31, 2018			June 30, 2017
Unrealized gain on available-for-sale securities, net of tax	$	21		$	612
Net losses and past service liability for defined benefit plan, net of tax		(1,920	)		(1,604	)
Accumulated other comprehensive loss	$	(1,899	)	$	(992	)

As a result of the enactment of the Tax Cuts and Jobs Act in December 2017, the tax effects of the rate change on deferred taxes associated with accumulated other comprehensive loss where recognized as a tax benefit through income tax expense.  This resulted in a “stranded” credit in accumulated other comprehensive loss representing the adjustment from 35% to 21% tax rate of $259,000.  This credit has been reclassified to retained earnings at March 31, 2018.