Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Accumulated Other Comprehensive Income (Loss)

Note 14 - Accumulated Other Comprehensive Income (Loss)
9 Months Ended
Mar. 31, 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):



March 31,



June 30,



Accumulated foreign currency translation adjustments

  $ (6,077 )   $ (5,931 )

Accumulated unrealized gains (losses) on investments

    (6 )     -  
    $ (6,083 )   $ (5,931 )


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







Beginning balance at July 1

  $ (5,931 )   $ (8,441 )

Other comprehensive income (loss), net of tax

    (164 )     1,947  

Less AOCI attributable to noncontrolling interests

    12       23  

Ending balance at March 31

  $ (6,083 )   $ (6,471 )