XML 44 R16.htm IDEA: XBRL DOCUMENT v3.19.3
Shareholders' Equity
 3 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY

Accumulated Other Comprehensive Loss
Changes in the accumulated other comprehensive loss are comprised of the following amounts, shown net of taxes:
 
 
Three Months Ended September 30, 2019
 
 
Foreign currency translation adjustment

 
Post-employment benefits

 
Cash flow hedge

 
Total Accumulated other comprehensive (loss) income

Balance at July 1, 2019
 
$
(86,330
)
 
$
(2,852
)
 
$
(10,704
)
 
$
(99,886
)
Other comprehensive loss
 
(3,913
)
 
—

 
(1,643
)
 
(5,556
)
Amounts reclassified from accumulated other comprehensive (loss) income
 
—

 
(13
)
 
322

 
309

Net current-period other comprehensive loss
 
(3,913
)
 
(13
)
 
(1,321
)
 
(5,247
)
Balance at September 30, 2019
 
$
(90,243
)
 
$
(2,865
)
 
$
(12,025
)
 
$
(105,133
)

 
 
Three Months Ended September 30, 2018
 
 
Foreign currency translation adjustment

 
Unrealized gain on securities available for sale

 
Post-employment benefits

 
Total Accumulated other comprehensive (loss) income

Balance at July 1, 2018
 
$
(87,974
)
 
$
50

 
$
(2,299
)
 
$
(90,223
)
Other comprehensive income
 
5,453

 
—

 
—

 
5,453

Amounts reclassified from accumulated other comprehensive (loss) income
 
—

 
—

 
(56
)
 
(56
)
Net current-period other comprehensive income (loss)
 
5,453

 
(50
)
 
(56
)
 
5,347

Balance at September 30, 2018
 
$
(82,521
)
 
$
—

 
$
(2,355
)
 
$
(84,876
)


Other Comprehensive (Loss) Income
Details of other comprehensive (loss) income are as follows:
 
Three Months Ended September 30,
 
2019
 
2018
 
Pre-Tax Amount
 
Tax Expense (Benefit)
 
Net Amount
 
Pre-Tax Amount
 
Tax Expense (Benefit)
 
Net Amount
Foreign currency translation adjustments
$
(4,034
)
 
$
(121
)
 
$
(3,913
)
 
$
5,714

 
$
261

 
$
5,453

Post-employment benefits:
 
 
 
 
 
 
 
 
 
 
 
Reclassification of net actuarial gains and prior service cost into other income, net and included in net periodic pension costs
(17
)
 
(4
)
 
(13
)
 
(75
)
 
(19
)
 
(56
)
Unrealized loss on cash flow hedge
(2,180
)
 
(537
)
 
(1,643
)
 
—

 
—

 
—

Reclassification of interest from cash flow hedge into interest expense
427

 
105

 
322

 
—

 
—

 
—

Cumulative effect of adopting accounting standard
—

 
—

 
—

 
(50
)
 
—

 
(50
)
Other comprehensive (loss) income
$
(5,804
)
 
$
(557
)
 
$
(5,247
)
 
$
5,589

 
$
242

 
$
5,347


 
Anti-dilutive Common Stock Equivalents
In the three month periods ended September 30, 2019 and 2018, respectively, stock options and stock appreciation rights related to 740 and 250 shares of common stock, were not included in the computation of diluted earnings per share for the periods then ended as they were anti-dilutive.