Shareholders' Equity

12 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDERS’ EQUITY

Treasury Shares

At June 30, 2016, 596 shares of the Company’s common stock held as treasury shares were restricted as collateral under escrow arrangements relating to change in control and director and officer indemnification agreements.

Accumulated Other Comprehensive Income (Loss)

Changes in the accumulated other comprehensive income (loss) for the years ended June 30, 2016 and 2015, is comprised of the following:

	Foreign currency translation adjustment			Unrealized gain (loss) on securities available for sale			Postemployment benefits			Total accumulated other comprehensive income (loss)
Balance at July 1, 2013	$	360		$	(52	)	$	(3,729	)	$	(3,421	)
Other comprehensive income (loss)	629			73			871			1,573
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			233			233
Net current-period other comprehensive income (loss), net of taxes	629			73			1,104			1,806
Balance at June 30, 2014	$	989		$	21		$	(2,625	)	$	(1,615	)
Other comprehensive income (loss)	(58,233		)	(25		)	(472		)	(58,730		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			174			174
Net current-period other comprehensive income (loss), net of taxes	(58,233		)	(25		)	(298		)	(58,556		)
Balance at June 30, 2015	$	(57,244	)	$	(4	)	$	(2,923	)	$	(60,171	)
Other comprehensive income (loss)	(24,441		)	(34		)	(1,215		)	(25,690		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—			315			315
Net current-period other comprehensive income (loss), net of taxes	(24,441		)	(34		)	(900		)	(25,375		)
Balance at June 30, 2016	$	(81,685	)	$	(38	)	$	(3,823	)	$	(85,546	)

Other Comprehensive (Loss) Income

Details of other comprehensive (loss) income are as follows:

Year Ended June 30,	2016									2015									2014
	Pre-Tax Amount			Tax (Benefit) Expense			Net Amount			Pre-Tax Amount			Tax (Benefit) Expense			Net Amount			Pre-Tax Amount		Tax Expense		Net Amount
Foreign currency translation adjustments	$	(24,441	)	$	—		$	(24,441	)	$	(58,233	)	$	—		$	(58,233	)	$	629	$	—	$	629
Postemployment benefits:
Actuarial (loss) gain on remeasurement	(1,998		)	(783		)	(1,215		)	(776		)	(304		)	(472		)	1,402		531		871
Reclassification of actuarial losses and prior service cost into SD&A expense and included in net periodic pension costs	518			203			315			286			112			174			382		149		233
Unrealized (loss) gain on investment securities available for sale	(52		)	(18		)	(34		)	(38		)	(13		)	(25		)	112		39		73
Other comprehensive (loss) income	$	(25,973	)	$	(598	)	$	(25,375	)	$	(58,761	)	$	(205	)	$	(58,556	)	$	2,525	$	719	$	1,806

Net Income Per Share

Basic net income per share is based on the weighted-average number of common shares outstanding. Diluted net income per share includes the dilutive effect of potential common shares outstanding. Under the two-class method of computing net income per share, non-vested share-based payment awards that contain rights to receive non-forfeitable dividends are considered participating securities. The Company’s participating securities include RSUs and restricted stock awards. The Company calculated basic and diluted net income per share under both the treasury stock method and the two-class method. For the years presented there were no material differences in the net income per share amounts calculated using the two methods. Accordingly, the treasury stock method is disclosed below.

The following table presents amounts used in computing net income per share and the effect on the weighted-average number of shares of dilutive potential common shares:

Year Ended June 30,	2016		2015		2014
Net Income	$	29,577	$	115,484	$	112,821
Average Shares Outstanding:
Weighted-average common shares outstanding for basic computation	39,254		40,892		41,942
Dilutive effect of potential common shares	212		295		389
Weighted-average common shares outstanding for dilutive computation	39,466		41,187		42,331
Net Income Per Share — Basic	$	0.75	$	2.82	$	2.69
Net Income Per Share — Diluted	$	0.75	$	2.80	$	2.67

Stock appreciation rights and options relating to 775, 435 and 289 shares of common stock were outstanding at June 30, 2016, 2015 and 2014, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.