Accumulated Other Comprehensive Income

6 Months Ended

Dec. 31, 2013

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

ACCUMULATED OTHER COMPREHENSIVE INCOME

The components of accumulated comprehensive income consist primarily of foreign currency translation gain (loss), net of tax. During 2013, the component of accumulated comprehensive income associated with the sale of the Company's European Stamps division of $1.02 million was removed from its consolidated equity. The foreign currency translation gain relates to the Company's investment in its European and Asian subsidiaries and fluctuations in exchange rates between their local currencies and the U.S. dollar (Note 2).

As of December 31, 2013 and June 30, 2013, the components of accumulated other comprehensive income are as follows:

in thousands	December 31, 2013		June 30, 2013
Foreign currency translation gain, net of tax	$	6,605	$	7,628
Sale of stamps division - European operations	—		(1,023		)
Accumulated other comprehensive income	$	6,605	$	6,605