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, 2019
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
(
16
)
Accumulated Other Comprehensive Income (Loss)
 
The following table sets forth the activity in accumulated other comprehensive loss (in thousands):
 
   
Years ended June 30,
  
   
2019
    
2018
  
Beginning balance at July 1
   $
(6,171
 )   $
(4,131
 )
Changes before reclassifications
    
520
      
(2,040
 )
Amounts reclassified from accumulated other comprehensive income
    
-
      
-
  
Current period other comprehensive income (loss)
    
520
      
(2,040
 )
Ending balance at June 30
   $
(5,651
 )   $
(6,171
 )
 
Accumulated other comprehensive income consists of foreign currency translation adjustments which are the result of changes in foreign currency exchange rates related to our operations in Canada, Belgium, Honduras, and Mexico, and exclude income taxes given that the earnings of non-U.S. subsidiaries are deemed to be indefinitely reinvested.