Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Accumulated Other Comprehensive Loss

Note 15 - Accumulated Other Comprehensive Loss
6 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]


Accumulated Other Comprehensive Loss


Accumulated other comprehensive loss consists of foreign currency translation adjustments and unrealized gains or losses on investments. Foreign currency translation adjustments 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. Our investments consist of U.S. Treasury Bills, municipal bonds, commercial paper and certificates of deposit with maturities of one year or less. All unrealized gains and losses are included in Accumulated Other Comprehensive Loss within the consolidated balance sheets.



The components of accumulated other comprehensive loss are as follows (in thousands):



December 31,


June 30,


Accumulated foreign currency translation adjustments

  $ (6,049 )   $ (6,397 )

Accumulated unrealized gains (losses) on investments

    300       (65 )
    $ (5,749 )   $ (6,462 )


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







Beginning balance at July 1

  $ (6,462 )   $ (5,931 )

Other comprehensive income (loss), net of tax

    718       (649 )

Less AOCI attributable to noncontrolling interests

    (5 )     7  

Ending balance at December 31

  $ (5,749 )   $ (6,573 )