Equity |
Equity Changes in equity for the three months ended December 31, 2015 and 2014 are as follows: | | | | | | | | | | | | | | Shareholders’ Equity | | Noncontrolling Interests | | Total Equity | September 30, 2015 | $ | 4,851,518 |
| | $ | 3,233 |
| | $ | 4,854,751 |
| Net income | 182,982 |
| | 155 |
| | 183,137 |
| Other comprehensive (loss) | (62,922 | ) | | (34 | ) | | (62,956 | ) | Dividends paid | (85,681 | ) | | (39 | ) | | (85,720 | ) | Stock incentive plan activity | 3,509 |
| | — |
| | 3,509 |
| Shares purchased at cost | (90,000 | ) | | — |
| | (90,000 | ) | Balance at December 31, 2015 | $ | 4,799,406 |
| | $ | 3,315 |
| | $ | 4,802,721 |
| | | | | | | | Shareholders’ Equity | | Noncontrolling Interests | | Total Equity | September 30, 2014 | $ | 6,579,003 |
| | $ | 3,361 |
| | $ | 6,582,364 |
| Net income | 267,252 |
| | 83 |
| | 267,335 |
| Other comprehensive (loss) | (191,797 | ) | | (52 | ) | | (191,849 | ) | Dividends paid | (93,151 | ) | | — |
| | (93,151 | ) | Stock incentive plan activity | 12,141 |
| | — |
| | 12,141 |
| Shares purchased at cost | (816,699 | ) | | — |
| | (816,699 | ) | Balance at December 31, 2014 | $ | 5,756,749 |
| | $ | 3,392 |
| | $ | 5,760,141 |
|
9. Equity, cont'd
Changes in equity for the six months ended December 31, 2015 and 2014 are as follows: | | | | | | | | | | | | | | Shareholders’ Equity | | Noncontrolling Interests | | Total Equity | Balance at June 30, 2015 | $ | 5,104,287 |
| | $ | 3,282 |
| | $ | 5,107,569 |
| Net income | 377,960 |
| | 203 |
| | 378,163 |
| Other comprehensive (loss) | (146,109 | ) | | (131 | ) | | (146,240 | ) | Dividends paid | (171,668 | ) | | (39 | ) | | (171,707 | ) | Stock incentive plan activity | 34,936 |
| | — |
| | 34,936 |
| Shares purchased at cost | (400,000 | ) | | — |
| | (400,000 | ) | Balance at December 31, 2015 | $ | 4,799,406 |
| | $ | 3,315 |
| | $ | 4,802,721 |
| | | | | | | | Shareholders’ Equity | | Noncontrolling Interests | | Total Equity | Balance at June 30, 2014 | $ | 6,659,428 |
| | $ | 3,380 |
| | $ | 6,662,808 |
| Net income | 547,341 |
| | 165 |
| | 547,506 |
| Other comprehensive income (loss) | (466,865 | ) | | (153 | ) | | (467,018 | ) | Dividends paid | (164,758 | ) | | — |
| | (164,758 | ) | Stock incentive plan activity | 48,302 |
| | — |
| | 48,302 |
| Shares purchased at cost | (866,699 | ) | | — |
| | (866,699 | ) | Balance at December 31, 2014 | $ | 5,756,749 |
| | $ | 3,392 |
| | $ | 5,760,141 |
|
Changes in accumulated other comprehensive (loss) in shareholders' equity by component for the six months ended December 31, 2015 and 2014 are as follows:
| | | | | | | | | | | | | | Foreign Currency Translation Adjustment and Other | | Retirement Benefit Plans | | Total | Balance at June 30, 2015 | $ | (641,018 | ) | | $ | (1,097,600 | ) | | $ | (1,738,618 | ) | Other comprehensive (loss) income before reclassifications | (203,133 | ) | | — |
| | (203,133 | ) | Amounts reclassified from accumulated other comprehensive (loss) | (93 | ) | | 57,117 |
| | 57,024 |
| Balance at December 31, 2015 | $ | (844,244 | ) | | $ | (1,040,483 | ) | | $ | (1,884,727 | ) |
| | | | | | | | | | | | | | Foreign Currency Translation Adjustment and Other | | Retirement Benefit Plans | | Total | Balance at June 30, 2014 | $ | 124,392 |
| | $ | (947,890 | ) | | $ | (823,498 | ) | Other comprehensive (loss) before reclassifications | (518,889 | ) | | — |
| | (518,889 | ) | Amounts reclassified from accumulated other comprehensive (loss) | 102 |
| | 51,922 |
| | 52,024 |
| Balance at December 31, 2014 | $ | (394,395 | ) | | $ | (895,968 | ) | | $ | (1,290,363 | ) |
9. Equity, cont'd
Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity for the three and six months ended December 31, 2015 and 2014 are as follows:
| | | | | | | | | | | | Details about Accumulated Other Comprehensive (Loss) Components | | Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss) | | Consolidated Statement of Income Classification | | | Three Months Ended | | Six Months Ended | | | | | December 31, 2015 | | December 31, 2015 | | | Retirement benefit plans | | | | | | | Amortization of prior service cost and initial net obligation | | $ | (1,643 | ) | | $ | (3,686 | ) | | See Note 11 | Recognized actuarial loss | | (42,577 | ) | | (85,824 | ) | | See Note 11 | Total before tax | | (44,220 | ) | | (89,510 | ) | |
| Tax benefit | | 15,999 |
| | 32,393 |
| | Income taxes | Net of tax | | $ | (28,221 | ) | | $ | (57,117 | ) | |
|
| | | | | | | | | | | | Details about Accumulated Other Comprehensive (Loss) Components | | Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss) | | Consolidated Statement of Income Classification | | | Three Months Ended | | Six Months Ended | | | | | December 31, 2014 | | December 31, 2014 | | | Retirement benefit plans | | | | | | | Amortization of prior service cost and initial net obligation | | $ | (1,900 | ) | | $ | (4,544 | ) | | See Note 11 | Recognized actuarial loss | | (37,548 | ) | | (77,227 | ) | | See Note 11 | Total before tax | | (39,448 | ) | | (81,771 | ) | | | Tax benefit | | 14,384 |
| | 29,849 |
| | Income taxes | Net of tax | | $ | (25,064 | ) | | $ | (51,922 | ) | | |
|