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Stockholders' Equity
12 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
AOCI
The following table presents changes by component:
($000s)Foreign
Currency
Translation
Adjustment
Derivative
Valuation
Defined
Benefit Plan
Total
Balance as of June 30, 2022$(4,026)$(639)$103 $(4,562)
Foreign currency translation(2,234)— — (2,234)
Actuarial losses on defined benefit plan— — (120)(120)
Unrealized losses on cash flow hedges— (479)— (479)
Reclassifications to earnings— 1,156 89 1,245 
Tax benefit— (162)— (162)
Balance as of June 30, 2023$(6,260)$(124)$72 $(6,312)
Foreign currency translation(1,623)— — (1,623)
Actuarial gains on defined benefit plan— — 133 133 
Unrealized losses on cash flow hedges— (412)— (412)
Reclassifications to earnings— 257 — 257 
Tax provision— 44 — 44 
Balance as of June 30, 2024$(7,883)$(235)$205 $(7,913)
Foreign currency translation1,114 — — 1,114 
Actuarial losses on defined benefit plan— — (312)(312)
Unrealized gains on cash flow hedges— 1,028 — 1,028 
Reclassifications to earnings— 32 — 32 
Tax benefit— (285)— (285)
Balance as of June 30, 2025$(6,769)$540 $(107)$(6,336)
The following table presents the reclassifications from AOCI to the consolidated statements of comprehensive income:
($000s)For the year ended June 30,
Description of AOCI components202520242023Statement of Other
Comprehensive Income
Classification
Foreign currency translation gain$ $ $173 Selling, general and administrative expense
Losses on foreign currency hedges$(32)$(257)$(1,201)Cost of services
Gains on interest rate swap— — 45 Interest expense
Tax benefit / (provision)285 (44)162 Provision for income taxes
Total derivative valuation$253 $(301)$(994)
Amortization related to defined benefit plan$ $ $(89)Cost of services
TRGI Purchase Agreement
On November 19, 2024, we entered the TRGI Purchase Agreement, pursuant to which we purchased 3,562,341 issued and outstanding common shares of the Company for an aggregate price of $70 million from The Resource Group International Limited ("TRGI"), of which $45 million was paid in cash and $25 million was paid in the form of a convertible promissory note. The convertible promissory note was repaid on January 9, 2025.
Share repurchase programs
The Board may authorize share repurchases of the Company’s common shares and the Company had multiple share repurchase plans during the years ended June 30, 2025 and 2024. On May 1, 2025, the Board authorized $15 million in share repurchases, which commenced on May 12, 2025, for the next twelve months (the "2025 Share Repurchase Program"). As of June 30, 2025, the aggregate amount available for repurchase under the 2025 Share Repurchase Program was $13.3 million.
For the years ended June 30, 2025 and 2024, the Company repurchased 385,510 and 1,322,105 shares, respectively, of its common shares totaling $7.2 million, and $21.7 million, respectively. All repurchases under these programs were funded with our existing cash balance.