Supplemental Equity and Accumulated Other Comprehensive Loss Information

12 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Supplemental Equity and Accumulated Other Comprehensive Loss Information

Note 8. Supplemental Equity and Accumulated Other Comprehensive Loss Information:

Equity

The Company has declared cash dividends per share of $0.32 in fiscal 2026, 2025, and 2024. During fiscal 2026, 2025, and 2024, the Company repurchased 909,555 shares at an average share price of $45.82, 4,550,195 shares at an average share price of $60.60, and 1,397,471 shares at an average share price of $57.28, respectively. The Company’s accounting policy is to record the portion of share repurchases in excess of the par value entirely in retained earnings. In fiscal 2025, the Company incurred $1.8 million in excise tax from the share repurchase that was recorded in additional paid-in capital. There was no comparable activity for fiscal 2026 and 2024. During fiscal 2026, 2025 and 2024, the amounts within the Consolidated Statements of Shareholders’ Equity for the surrender and retirement of stock to exercise options due to net settlement stock options exercises and to cover tax withholdings on vested restricted stocks and restricted stock units were $12.1 million, $6.5 million, and $21.9 million, respectively.

Accumulated Other Comprehensive Loss

The components of Other comprehensive income (loss) consist of changes in foreign currency translation adjustments and changes in net unrealized gains (losses) on derivative instruments designated as cash flow hedges.

The following table reflects the changes in Accumulated other comprehensive loss by component (in thousands):


		Unrealized			Foreign
		Losses on			Currency
		Derivative			Translation
		Instruments		* *	Adjustments		* *	Total
Balance as of June 30, 2023, net of tax⁽¹⁾		$	12,862		$	(78,926)		$	(66,064)
Other comprehensive income (loss), before tax:
Amounts before reclassifications			(12,632)			(9,941)			(22,573)
Amounts reclassified out			10,317			3,210			13,527
Total other comprehensive income (loss), before tax:			(2,315)			(6,731)			(9,046)
Tax expense			(2,445)			(761)			(3,206)
Total other comprehensive income (loss), net of tax:			(4,760)			(7,492)			(12,252)
Balance as of June 30, 2024, net of tax⁽¹⁾		$	8,102		$	(86,418)		$	(78,316)

Other comprehensive income (loss), before tax:
Amounts before reclassifications			(12,011)			21,895			9,884
Amounts reclassified out			8,448			2,761			11,209
Total other comprehensive income (loss), before tax			(3,563)			24,656			21,093
Tax expense			(2,003)			(654)			(2,657)
Total other comprehensive income (loss), net of tax			(5,566)			24,002			18,436
Balance as of June 30, 2025, net of tax⁽¹⁾		$	2,536		$	(62,416)		$	(59,880)

Other comprehensive income (loss), before tax:
Amounts before reclassifications			(4,702)			(10,142)			(14,844)
Amounts reclassified out			2,839			2,592			5,431
Total other comprehensive income (loss), before tax			(1,863)			(7,550)			(9,413)
Tax expense			(673)			(614)			(1,287)
Total other comprehensive income (loss), net of tax			(2,536)			(8,164)			(10,700)
Balance as of June 30, 2026, net of tax⁽¹⁾		$	—		$	(70,580)		$	(70,580)

(1)	The Company had a net deferred tax liability for its cash flow hedge of $0.8 million and $2.5 million as of June 30, 2025 and 2024. The cash flow hedge matured in fiscal 2026 resulting in no deferred tax liability for a cash flow hedge as of June 30, 2026.

Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries, but tax effects within foreign currency translation adjustments do include impacts from the net investment hedge.