Annual report pursuant to Section 13 and 15(d)

Note 14 - Accumulated Other Comprehensive Income

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Note 14 - Accumulated Other Comprehensive Income
12 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
(14)     Accumulated Other Comprehensive Income
 
The following table sets forth the activity in accumulated other comprehensive income for the fiscal year ended June 30, 2015 (in thousands):
 
   
Foreign
           
Unrealized
         
   
currency
           
gains and
         
   
translation
   
Derivative
   
losses on
         
   
adjustments
   
instruments
   
investments
   
Total
 
Balance June 30, 2014
  $ 670     $ (39 )   $ 11     $ 642  
Changes before reclassifications
  $ (3,308 )   $ -     $ (11 )   $ (3,319 )
Amounts reclassified from accumulated
other comprehensive income
  $ -     $ 39     $ -     $ 39  
Current period other comprehensive income
  $ (3,308 )   $ 39     $ (11 )   $ (3,280 )
Balance June 30, 2015
  $ (2,638 )   $ -     $ -     $ (2,638 )
 
Foreign currency translation adjustments 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 reinvested for an indefinite period of time. The derivative instruments were reclassified to interest expense in our consolidated statements of operations.