Annual report pursuant to Section 13 and 15(d)

Note 16 - Accumulated Other Comprehensive Income (Loss)

Note 16 - Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]


Accumulated Other Comprehensive Income (Loss)


Accumulated other comprehensive income (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 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 Income (Loss) within the consolidated balance sheets.


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



June 30,






Accumulated foreign currency translation adjustments

  $ (6,397 )   $ (5,931 )

Accumulated unrealized gains (losses) on investments

    (65 )     -  
    $ (6,462 )   $ (5,931 )


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



Fiscal Year Ended June 30,






Beginning balance at July 1

  $ (5,931 )   $ (8,441 )

Other comprehensive income (loss), net of tax

    (532 )     2,486  

Less AOCI attributable to noncontrolling interests

    1       24  

Ending balance at June 30

  $ (6,462 )   $ (5,931 )