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Shareholders' Equity (Tables)
9 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income and Changes in Equity

The following is a summary of the changes in Accumulated Other Comprehensive Income (“AOCI”) and changes in equity for the nine months ended March 31, 2016 and 2015:

 

($ in thousands, except

per share data)

 

Preferred

Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

AOCI

 

 

Retained

Earnings

 

 

Treasury

Stock

 

 

Total

Harman

International

Industries,

Incorporated

Shareholders’

Equity

 

 

Non

Controlling

Interest

 

 

Total

Equity

 

Balance, June 30, 2015

 

$

-

 

 

$

1,007

 

 

$

1,365,257

 

 

$

11,434

 

 

$

2,229,517

 

 

$

(1,232,602

)

 

$

2,374,613

 

 

$

18,213

 

 

$

2,392,826

 

Net income

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

288,820

 

 

 

-

 

 

 

288,820

 

 

 

702

 

 

 

289,522

 

Other comprehensive

   income, net of tax

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(70,758

)

 

 

-

 

 

 

-

 

 

 

(70,758

)

 

 

-

 

 

 

(70,758

)

Exercise of stock options

 

 

-

 

 

 

4

 

 

 

6,098

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

6,102

 

 

 

-

 

 

 

6,102

 

Repurchases related to

   share-based

   compensation

   arrangements

 

 

-

 

 

 

-

 

 

 

(11,932

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(11,932

)

 

 

-

 

 

 

(11,932

)

Share-based

   compensation, net

 

 

-

 

 

 

-

 

 

 

32,908

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

32,908

 

 

 

-

 

 

 

32,908

 

Excess tax benefit from

   share-based

   compensation

 

 

-

 

 

 

-

 

 

 

3,693

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3,693

 

 

 

-

 

 

 

3,693

 

Treasury stock

   repurchases

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(74,717

)

 

 

(74,717

)

 

 

-

 

 

 

(74,717

)

Dividends

   ($0.35 per share)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(75,624

)

 

 

-

 

 

 

(75,624

)

 

 

-

 

 

 

(75,624

)

Non-controlling interest

 

 

-

 

 

 

-

 

 

 

1,468

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,468

 

 

 

(18,897

)

 

 

(17,429

)

Balance, March 31, 2016

 

$

-

 

 

$

1,011

 

 

$

1,397,492

 

 

$

(59,324

)

 

$

2,442,713

 

 

$

(1,307,319

)

 

$

2,474,573

 

 

$

18

 

 

$

2,474,591

 

 

($ in thousands, except

per share data)

 

Preferred

Stock

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

AOCI

 

 

Retained

Earnings

 

 

Treasury

Stock

 

 

Total

Harman

International

Industries,

Incorporated

Shareholders’

Equity

 

 

Non

Controlling

Interest

 

 

Total

Equity

 

Balance, June 30, 2014

 

$

-

 

 

$

984

 

 

$

1,040,254

 

 

$

39,799

 

 

$

1,979,234

 

 

$

(1,267,693

)

 

$

1,792,578

 

 

$

443

 

 

$

1,793,021

 

Net income

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

269,503

 

 

 

-

 

 

 

269,503

 

 

 

(156

)

 

 

269,347

 

Other comprehensive

   income, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15,013

 

 

 

 

 

 

 

 

 

 

 

15,013

 

 

 

-

 

 

 

15,013

 

Exercise of stock options

 

 

-

 

 

 

8

 

 

 

23,058

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

23,066

 

 

 

-

 

 

 

23,066

 

Repurchases related to

   share-based

   compensation

   arrangements

 

 

-

 

 

 

-

 

 

 

(22,272

)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(22,272

)

 

 

-

 

 

 

(22,272

)

Share-based

   compensation, net

 

 

-

 

 

 

-

 

 

 

27,707

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

27,707

 

 

 

-

 

 

 

27,707

 

Excess tax benefit from

   share-based

   compensation

 

 

-

 

 

 

-

 

 

 

3,204

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

3,204

 

 

 

-

 

 

 

3,204

 

Acquisition of

   Redbend(1)

 

 

-

 

 

 

-

 

 

 

89,162

 

 

 

-

 

 

 

-

 

 

 

35,091

 

 

 

124,253

 

 

 

-

 

 

 

124,253

 

Dividends

   ($0.33 per share)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(68,634

)

 

 

-

 

 

 

(68,634

)

 

 

-

 

 

 

(68,634

)

Balance, March 31, 2015

 

$

-

 

 

$

992

 

 

$

1,161,113

 

 

$

54,812

 

 

$

2,180,103

 

 

$

(1,232,602

)

 

$

2,164,418

 

 

$

287

 

 

$

2,164,705