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Shareholders' Equity
 12 Months Ended
Jun. 30, 2020
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
Treasury Shares
At June 30, 2020, 128 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 Loss
Changes in the accumulated other comprehensive loss for the years ended June 30, 2020, 2019, and 2018, are comprised of the following amounts, shown net of taxes:
 
Foreign currency translation adjustment

 
Unrealized gain (loss) on securities available for sale

 
Post-employment benefits

 
Cash flow hedge

 
Total accumulated other comprehensive loss

Balance at July 1, 2017
$
(79,447
)
 
$
21

 
$
(2,276
)
 
$
—

 
$
(81,702
)
Other comprehensive (loss) income
(8,549
)
 
20

 
524

 
—

 
(8,005
)
Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
(45
)
 
—

 
(45
)
Amounts reclassified for certain income tax effects to retained earnings
22

 
9

 
(502
)
 
—

 
(471
)
Net current-period other comprehensive (loss) income
(8,527
)
 
29

 
(23
)
 
—

 
(8,521
)
Balance at June 30, 2018
(87,974
)
 
50

 
(2,299
)
 
—

 
(90,223
)
Other comprehensive income (loss)
1,644

 
—

 
(327
)
 
(10,887
)
 
(9,570
)
Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
(226
)
 
183

 
(43
)
Cumulative effect of adopting accounting standards
—

 
(50
)
 
—

 
—

 
(50
)
Net current-period other comprehensive income (loss)
1,644

 
(50
)
 
(553
)
 
(10,704
)
 
(9,663
)
Balance at June 30, 2019
(86,330
)
 
—

 
(2,852
)
 
(10,704
)
 
(99,886
)
Other comprehensive loss
(18,764
)
 
—

 
(1,662
)
 
(12,572
)
 
(32,998
)
Amounts reclassified from accumulated other comprehensive loss
—

 
—

 
(50
)
 
3,504

 
3,454

Net current-period other comprehensive loss
(18,764
)
 
—

 
(1,712
)
 
(9,068
)
 
(29,544
)
Balance at June 30, 2020
$
(105,094
)
 
$
—

 
$
(4,564
)
 
$
(19,772
)
 
$
(129,430
)

Other Comprehensive Loss
Details of other comprehensive loss are as follows:
Year Ended June 30,
2020
 
2019
 
2018
 
Pre-Tax Amount

 
Tax Expense (Benefit)

 
Net Amount

 
Pre-Tax Amount

 
Tax Expense (Benefit)

 
Net Amount

 
Pre-Tax Amount

 
Tax (Benefit) Expense

 
Net Amount

Foreign currency translation adjustments
$
(18,499
)
 
$
265

 
$
(18,764
)
 
$
2,021

 
$
377

 
$
1,644

 
$
(8,875
)
 
$
(326
)
 
$
(8,549
)
Post-employment benefits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial (loss) gain on re-measurement
(2,192
)
 
(530
)
 
(1,662
)
 
(372
)
 
(45
)
 
(327
)
 
709

 
185

 
524

Reclassification of actuarial gains and prior service cost into other income, net and included in net periodic pension costs
(66
)
 
(16
)
 
(50
)
 
(306
)
 
(80
)
 
(226
)
 
(73
)
 
(28
)
 
(45
)
Unrealized gain on investment securities available for sale
—

 
—

 
—

 
—

 
—

 
—

 
37

 
17

 
20

Unrealized loss on cash flow hedge
(16,615
)
 
(4,043
)
 
(12,572
)
 
(14,446
)
 
(3,559
)
 
(10,887
)
 
—

 
—

 
—

Reclassification of interest from cash flow hedge into interest expense
4,638

 
1,134

 
3,504

 
244

 
61

 
183

 
—

 
—

 
—

Cumulative effect of adopting accounting standard
—

 
—

 
—

 
(50
)
 
—

 
(50
)
 
—

 
—

 
—

Reclassification of certain income tax effects to retained earnings
—

 
—

 
—

 
—

 
—

 
—

 
—

 
471

 
(471
)
Other comprehensive loss
$
(32,734
)
 
$
(3,190
)
 
$
(29,544
)
 
$
(12,909
)
 
$
(3,246
)
 
$
(9,663
)
 
$
(8,202
)
 
$
319

 
$
(8,521
)

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 Restricted Stock Units ("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,
2020

 
2019

 
2018

Net Income
$
24,042

 
$
143,993

 
$
141,625

Average Shares Outstanding:
 
 
 
 
 
Weighted-average common shares outstanding for basic computation
38,658

 
38,670

 
38,752

Dilutive effect of potential common shares
341

 
490

 
529

Weighted-average common shares outstanding for dilutive computation
38,999

 
39,160

 
39,281

Net Income Per Share — Basic
$
0.62

 
$
3.72

 
$
3.65

Net Income Per Share — Diluted
$
0.62

 
$
3.68

 
$
3.61


Stock awards relating to 726, 226 and 66 shares of common stock were outstanding at June 30, 2020, 2019 and 2018, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.