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Shareholders' Equity
 12 Months Ended
Jun. 30, 2022
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
Treasury Shares
At June 30, 2022, 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, 2022, 2021, and 2020, are comprised of the following amounts, shown net of taxes:
Foreign currency translation adjustment Post-employment benefitsCash flow hedgeTotal accumulated other comprehensive loss
Balance at July 1, 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 income24,256 687 2,480 27,423 
Amounts reclassified from accumulated other comprehensive loss— 204 8,711 8,915 
Net current-period other comprehensive income24,256 891 11,191 36,338 
Balance at June 30, 2021(80,838)(3,673)(8,581)(93,092)
Other comprehensive (loss) income(9,900)2,142 19,770 12,012 
Amounts reclassified from accumulated other comprehensive loss— 228 8,557 8,785 
Net current-period other comprehensive (loss) income(9,900)2,370 28,327 20,797 
Balance at June 30, 2022$(90,738)$(1,303)$19,746 $(72,295)
Other Comprehensive Income (Loss)
Details of other comprehensive income (loss) are as follows:
Year Ended June 30,202220212020
Pre-Tax AmountTax ExpenseNet AmountPre-Tax AmountTax ExpenseNet AmountPre-Tax AmountTax Expense (Benefit)Net Amount
Foreign currency translation adjustments
$(9,862)$38 $(9,900)$24,352 $96 $24,256 $(18,499)$265 $(18,764)
Post-employment benefits:
Actuarial gain (loss) on re-measurement2,839 697 2,142 903 216 687 (2,192)(530)(1,662)
Reclassification of actuarial losses (gains) and prior service cost into other expense (income), net and included in net periodic pension costs300 72 228 270 66 204 (66)(16)(50)
Unrealized gain (loss) on cash flow hedge26,204 6,434 19,770 3,250 770 2,480 (16,615)(4,043)(12,572)
Reclassification of interest from cash flow hedge into interest expense
11,361 2,804 8,557 11,553 2,842 8,711 4,638 1,134 3,504 
Other comprehensive income (loss)$30,842 $10,045 $20,797 $40,328 $3,990 $36,338 $(32,734)$(3,190)$(29,544)
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 30,202220212020
Net Income$257,414 $144,757 $24,042 
Average Shares Outstanding: 
Weighted-average common shares outstanding for basic computation38,471 38,758 38,658 
Dilutive effect of potential common shares634 538 341 
Weighted-average common shares outstanding for dilutive computation39,105 39,296 38,999 
Net Income Per Share — Basic$6.69 $3.73 $0.62 
Net Income Per Share — Diluted$6.58 $3.68 $0.62 
Stock awards relating to 106, 234 and 726 shares of common stock were outstanding at June 30, 2022, 2021 and 2020, respectively, but were not included in the computation of diluted earnings per share for the fiscal years then ended as they were anti-dilutive.