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STOCKHOLDERS' EQUITY
 6 Months Ended
Dec. 31, 2019
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY

Changes in the components of Stockholders’ equity were as follows for the periods indicated:
 
Three Months Ended December 31
 
Common Stock
 
Additional Paid-in Capital
 
Retained Earnings
 
Treasury Stock
 
Accumulated
Other
Comprehensive
Net (Loss) Income
 
Total Stockholders’ Equity
 
Amount
 
Shares
(in thousands)
 
 
 
Amount
 
Shares
(in thousands)
 
 
Balance as of September 30, 2018
$
159

 
158,741

 
$
984

 
$
2,883

 
$
(2,802
)
 
(31,136
)
 
$
(547
)
 
$
677

Net earnings


 


 


 
182

 


 


 


 
182

Other comprehensive income (loss)


 


 


 


 


 


 
(30
)
 
(30
)
Dividends ($0.96 per share declared)


 


 


 
(123
)
 


 


 


 
(123
)
Stock-based compensation


 


 
10

 


 


 


 


 
10

Other employee stock plan activities


 


 
20

 
(2
)
 
46

 
738

 


 
64

Treasury stock purchased


 


 


 


 
(38
)
 
(253
)
 


 
(38
)
Balance as of December 31, 2018
$
159

 
158,741

 
$
1,014

 
$
2,940

 
$
(2,794
)
 
(30,651
)
 
$
(577
)
 
$
742

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Balance as of September 30, 2019
$
159

 
158,741

 
$
1,043

 
$
3,241

 
$
(3,278
)
 
(33,246
)
 
$
(615
)
 
$
550

Net earnings


 


 


 
185

 


 


 


 
185

Other comprehensive income (loss)


 


 


 


 


 


 
14

 
14

Dividends ($1.06 per share declared)


 


 


 
(133
)
 


 


 


 
(133
)
Stock-based compensation


 


 
13

 


 


 


 


 
13

Other employee stock plan activities


 


 
6

 
(1
)
 
6

 
106

 


 
11

Treasury stock purchased


 


 


 


 
(85
)
 
(577
)
 


 
(85
)
Balance as of December 31, 2019
$
159

 
158,741

 
$
1,062

 
$
3,292

 
$
(3,357
)
 
(33,717
)
 
$
(601
)
 
$
555

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended December 31
 
Common Stock
 
Additional Paid-in Capital
 
Retained Earnings
 
Treasury Stock
 
Accumulated
Other
Comprehensive
Net (Loss) Income
 
Total Stockholders’ Equity
 
Amount
 
Shares
(in thousands)
 
 
 
Amount
 
Shares
(in thousands)
 
 
Balance as of June 30, 2018
$
159

 
158,741

 
$
975

 
$
2,797

 
$
(2,658
)
 
(30,759
)
 
$
(547
)
 
$
726

Cumulative effect of accounting changes, net of tax (1)
 
 
 
 
 
 
(3
)
 
 
 
 
 
 
 
(3
)
Net earnings


 


 


 
392

 


 


 


 
392

Other comprehensive income (loss)


 


 


 


 


 


 
(30
)
 
(30
)
Dividends ($1.92 per share declared)


 


 


 
(246
)
 


 


 


 
(246
)
Stock-based compensation


 


 
18

 


 


 


 


 
18

Other employee stock plan activities


 


 
21

 
—

 
100

 
1,784

 


 
121

Treasury stock purchased


 


 


 


 
(236
)
 
(1,676
)
 


 
(236
)
Balance as of December 31, 2018
$
159

 
158,741

 
$
1,014

 
$
2,940

 
$
(2,794
)
 
(30,651
)
 
$
(577
)
 
$
742

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of June 30, 2019
$
159

 
158,741

 
$
1,046

 
$
3,150

 
$
(3,194
)
 
(33,055
)
 
$
(602
)
 
$
559

Cumulative effect of accounting changes, net of tax (2)


 


 


 
22

 


 


 


 
22

Net earnings


 


 


 
388

 


 


 


 
388

Other comprehensive income (loss)


 


 


 


 


 


 
1

 
1

Dividends ($2.12 per share declared)


 


 


 
(267
)
 


 


 


 
(267
)
Stock-based compensation


 


 
19

 


 


 


 


 
19

Other employee stock plan activities


 


 
(3
)
 
(1
)
 
26

 
578

 


 
22

Treasury stock purchased


 


 


 


 
(189
)
 
(1,240
)
 


 
(189
)
Balance as of December 31, 2019
$
159

 
158,741

 
$
1,062

 
$
3,292

 
$
(3,357
)
 
(33,717
)
 
$
(601
)
 
$
555


(1) As a result of adopting ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” on July 1, 2018, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2019 opening balance of Retained earnings.
(2) As a result of adopting ASU No. 2016-02, “Leases (Topic 842),” on July 1, 2019, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2020 opening balance of Retained earnings. See Note 1 for more information.

The Company has two stock repurchase programs: an open-market purchase program with an authorized aggregate purchase amount of up to $2,000, which has no expiration date, and a program to offset the anticipated impact of dilution related to stock-based awards (the Evergreen Program), which has no authorization limit on the dollar amount and no expiration date.

Stock repurchases under the two stock repurchase programs were as follows for the periods indicated:
 
Three Months Ended
 
Six Months Ended
 
12/31/2019
 
12/31/2018
 
12/31/2019
 
12/31/2018
 
Amount
 
Shares
(in thousands)
 
Amount
 
Shares
(in thousands)
 
Amount
 
Shares
(in thousands)
 
Amount
 
Shares
(in thousands)
Open-market purchase program
$
85

 
577

 
$
—

 
—

 
$
85

 
577

 
$
78

 
591

Evergreen Program
—

 
—

 
38

 
253

 
104

 
663

 
158

 
1,085

Total stock repurchases
$
85

 
577

 
$
38

 
253

 
$
189

 
1,240

 
$
236

 
1,676


Changes in Accumulated other comprehensive net (loss) income by component were as follows for the periods indicated:
 
Three Months Ended December 31
 
Foreign currency translation adjustments
 
Net unrealized gains (losses) on derivatives
 
Pension and postretirement benefit adjustments
 
Accumulated other comprehensive net (loss) income
Balance as of September 30, 2018
$
(386
)
 
$
(24
)
 
$
(137
)
 
$
(547
)
Other comprehensive income (loss) before reclassifications
(28
)
 
(9
)
 
—

 
(37
)
Amounts reclassified from Accumulated other comprehensive net (loss) income
—

 
5

 
1

 
6

Income tax benefit (expense)
(1
)
 
2

 
—

 
1

Net current period other comprehensive income (loss)
(29
)
 
(2
)
 
1

 
(30
)
Balance as of December 31, 2018
$
(415
)
 
$
(26
)
 
$
(136
)
 
$
(577
)
 
 
 
 
 
 
 
 
Balance as of September 30, 2019
$
(430
)
 
$
(21
)
 
$
(164
)
 
$
(615
)
Other comprehensive income (loss) before reclassifications
9

 
2

 
—

 
11

Amounts reclassified from Accumulated other comprehensive net (loss) income
—

 
2

 
1

 
3

Income tax benefit (expense), and other
—

 
—

 
—

 
—

Net current period other comprehensive income (loss)
9

 
4

 
1

 
14

Balance as of December 31, 2019
$
(421
)
 
$
(17
)
 
$
(163
)
 
$
(601
)
 
 
 
 
 
 
 
 
 
Six Months Ended December 31
 
Foreign currency translation adjustments
 
Net unrealized gains (losses) on derivatives
 
Pension and postretirement benefit adjustments
 
Accumulated other comprehensive net (loss) income
Balance as of June 30, 2018
$
(384
)
 
$
(25
)
 
$
(138
)
 
$
(547
)
Other comprehensive income (loss) before reclassifications
(30
)
 
(5
)
 
—

 
(35
)
Amounts reclassified from Accumulated other comprehensive net (loss) income
—

 
2

 
3

 
5

Income tax benefit (expense)
(1
)
 
2

 
(1
)
 
—

Net current period other comprehensive income (loss)
(31
)
 
(1
)
 
2

 
(30
)
Balance as of December 31, 2018
$
(415
)
 
$
(26
)
 
$
(136
)
 
$
(577
)
 
 
 
 
 
 
 
 
Balance as of June 30, 2019
$
(414
)
 
$
(23
)
 
$
(165
)
 
$
(602
)
Other comprehensive income (loss) before reclassifications
(6
)
 
3

 
—

 
(3
)
Amounts reclassified from Accumulated other comprehensive net (loss) income
—

 
4

 
3

 
7

Income tax benefit (expense), and other
(1
)
 
(1
)
 
(1
)
 
(3
)
Net current period other comprehensive income (loss)
(7
)
 
6

 
2

 
1

Balance as of December 31, 2019
$
(421
)
 
$
(17
)
 
$
(163
)
 
$
(601
)


Included in foreign currency translation adjustments are re-measurement losses on long-term intercompany loans where settlement is not planned or anticipated in the foreseeable future. For the three and six months ended December 31, 2019, Other comprehensive income (loss) on these loans totaled $0 and $(1), respectively. For the three and six months ended December 31, 2018, Other comprehensive income (loss) on these loans totaled $(2) and $(4), respectively. There were no amounts associated with these loans reclassified from Accumulated other comprehensive net (loss) income for the periods presented.