Accumulated Other Comprehensive Income

9 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

8. Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income consist of net loss, unrealized gains and losses on available-for-sale investments, changes in foreign currency exchange rate translation and net changes related to defined benefit pension plan. The unrealized gains and losses on available-for-sale investments, changes in foreign currency exchange rate translation and net changes related to defined benefit pension plan are excluded from earnings and reported as a component of stockholders’ equity. The foreign currency translation adjustment results from those subsidiaries not using the United States dollar as their functional currency since the majority of their economic activities are primarily denominated in their applicable local currency. Accordingly, all assets and liabilities related to these operations are translated at the current exchange rates at the end of each period. The resulting cumulative translation adjustments are recorded directly to the accumulated other comprehensive loss account in stockholders’ equity. Revenues and expenses are translated at average exchange rates in effect during the period.

The components of accumulated other comprehensive income in the equity section of the balance sheets are as follows (in thousands):

	March 31,			June 30,
	2015			2014
Net unrealized gain (loss) on short-term investments	$	(68	)	$	18
Cumulative foreign currency translation gain	787			2,364
Defined benefit pension obligation	(567		)	(567		)
Accumulated other comprehensive income	$	154		$	1,815