Annual report pursuant to Section 13 and 15(d)

Note 16 - Accumulated Other Comprehensive Income (Loss)

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Note 16 - Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

(16)

Accumulated Other Comprehensive Income (Loss)

 

Accumulated other comprehensive income (loss) consists of foreign currency translation adjustments which are the result of changes in foreign currency exchange rates related to our operations in Canada, Honduras, and Mexico. Assets and liabilities are translated into U.S. dollars using the current period-end exchange rate and income and expense amounts are translated using the average exchange rate for the period in which the transaction occurred. 

 

The following table sets forth the activity in accumulated other comprehensive loss (in thousands):

 

   

Fiscal Year Ended June 30,

 
   

2021

   

2020

 

Beginning balance at July 1

  $ (8,441 )   $ (5,651 )

Other comprehensive income (loss), net of tax

    2,486       (2,854 )

Less AOCI attributable to noncontrolling interests

    24       64  

Ending balance at June 30

  $ (5,931 )   $ (8,441 )