Annual report pursuant to Section 13 and 15(d)

Note 16 - Accumulated Other Comprehensive Income (Loss)

v3.20.2
Note 16 - Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Jun. 30, 2020
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):
 
   
2020
   
2019
 
Beginning balance at July 1
  $
(5,651
)   $
(6,171
)
Other comprehensive income (loss), net of tax
 
(2,854
)    
444
 
Less AOCI attributable to noncontrolling interests
   
64
     
76
 
Ending balance at June 30
  $
(8,441
)   $
(5,651
)