Foreign Operations

12 Months Ended

Jun. 30, 2018

Foreign Currency [Abstract]

Foreign Operations

Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing on the balance sheet date, and revenues and expenses are translated at average rates of exchange for the period. During the years ended June 30, 2018 and 2017, we recognized a gain of approximately $141,000 and $78,000 on foreign currency translation, respectively, included in the Consolidated Statements of Comprehensive Income in the line item entitled “Other income (expense), net.” Gains or losses on the translation of the financial statements of a non-U.S. operation, where the functional currency is other than the U.S. dollar, are reflected as a separate component of equity, which was a gain of approximately $474,000 and $295,000 at June 30, 2018 and 2017, respectively.

Assets and net assets in foreign countries are as follows:

	China		Latvia
	June 30, 2018	June 30, 2017	June 30, 2018	June 30, 2017
Assets	$14.7 million	$14.0 million	$6.4 million	$6.1 million
Net assets	$12.6 million	$12.3 milllion	$5.9 million	$6.0 million