v3.26.1
Note I - Shareholders' Equity
 12 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Equity [Text Block]

I. SHAREHOLDERS' EQUITY

 

The total number of shares of common stock outstanding at June 30, 2026 and 2025 was 14,423,539 and 14,150,581, respectively. At June 30, 2026 and 2025, treasury stock consisted of 209,263 and 482,181 shares of common stock, respectively. The Company issued 272,918 and 155,597 shares of treasury stock in fiscal 2026 and 2025, respectively, to fulfill its obligations under its incentive compensation plans. The Company also recorded forfeitures of 2,195 and 0 shares of previously issued restricted stock in fiscal 2026 and 2025, respectively. The difference between the cost of treasury shares and the option price is recorded in common stock.

 

Under an authorization given by the Board of Directors on July 27, 2012, the Company is permitted to make open market purchases of its common stock.  The Company did not make any open market purchases during the two most recent fiscal years.  As of June 30, 2026 and 2025, 315,000 shares remain authorized for purchase.

 

Cash dividends per share were $0.16 and $0.16 in fiscal 2026 and 2025.

 

The Company is authorized to issue 200,000 shares of preferred stock, none of which have been issued. The Company has designated 150,000 shares of the preferred stock as Series A Junior Preferred Stock.

 

The components of accumulated other comprehensive income (loss) included in equity as of June 30, 2026 and 2025 are as follows:

 

  

2026

  

2025

 

Translation adjustments

 $9,041  $15,036 

Benefit plan adjustments, net of income taxes of ($298) and $154 respectively

  (8,753)  (11,461)

Net gain (loss) on cash flow hedge derivatives, net of income taxes of $0 and $210, respectively

  -   284 

Net gain (loss) on net investment hedge derivatives, net of income taxes of $0 and ($103), respectively

  -   (129)

Accumulated other comprehensive income (loss)

 $288  $3,730 

 

A reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component for the years ended June 30, 2026 and June 30, 2025 is as follows:

 

  

Translation

  

Benefit Plan

  

Cash Flow

  

Net Investment

 
  

Adjustment

  

Adjustment

  

Hedges

  

Hedges

 

Balance at June 30, 2024

 $(849) $(8,062) $504  $1,502 

Other comprehensive income (loss) before reclassifications

  15,885   -   -   - 

Return on plan assets

  -   (1,808)  -   - 

Amounts reclassified from accumulated other comprehensive income (loss)

  -   (1,591)  (220)  (1,631)

Net current period other comprehensive income (loss)

  15,885   (3,399)  (220)  (1,631)

Balance at June 30, 2025

 $15,036  $(11,461) $284  $(129)

 

 

  

Translation

  

Benefit Plan

  

Cash Flow

  

Net Investment

 
  

Adjustment

  

Adjustment

  

Hedges

  

Hedges

 

Balance at June 30, 2025

 $15,036  $(11,461) $284  $(129)

Other comprehensive income (loss) before reclassifications

  (5,995)  -   -   - 

Amounts reclassified from accumulated other comprehensive income (loss)

  -   2,708   (284)  129 

Net current period other comprehensive income (loss)

  (5,995)  2,708   (284)  129 

Balance at June 30, 2026

 $9,041  $(8,753) $-  $- 

 

Reconciliation for the changes in benefit plan adjustments, net of tax for the year ended June 30, 2026 is as follows:

 

  

Amount

 
  

Reclassified

 

Changes in benefit plan items

    

Actuarial income (loss)

 $3,170 

Transition asset and prior service benefit

  33 

Translation

  (43)

Total amortization

  3,160 

Income taxes

  (452)

Total changes, net of tax

 $2,708 

 

Reconciliation for the changes in benefit plan adjustments, net of tax for the year ended June 30, 2025 is as follows:

 

  

Amount

 
  

Reclassified

 

Changes in benefit plan items

    

Actuarial income (loss)

 $(1,741)

Transition asset and prior service benefit

  14 

Return on plan assets

  (1,808)

Translation

  123 

Total amortization

  (3,412)

Income taxes

  13 

Total changes, net of tax

 $(3,399)