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Note D - Other Comprehensive (Loss) Income
 6 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
D. Other Comprehensive
(
Loss
)
Income
 
Other comprehensive (loss) income (“OCL” and “OCI”) consisted of the following during the
three
and
six
months ended
December 31, 2019
and
December 31, 2018 (
in thousands):
 
   
Three Months Ended
   
Six Months Ended
 
   
December 31, 2019
    
December 31, 201
9
  
   
 
 
 
  
Unrealized
    
 
 
 
  
 
 
 
  
Unrealized
    
 
 
 
   
Defined
    
Gains
    
 
 
 
  
Defined
    
Gains
    
 
 
 
   
Benefit
    
(Losses) on
    
 
 
 
  
Benefit
    
(Losses) on
    
 
 
 
   
Pension
    
Cash Flow
    
 
 
 
  
Pension
    
Cash Flow
    
 
 
 
   
Plan
    
Hedges
    
Total
    
Plan
    
Hedges
    
Total
  
Beginning Balance
   $
(565
)
   $
1,116
     $
551
     $
(491
)
   $
783
     $
292
  
ASU 2018-02 Adjustment
    
-
      
-
      
-
      
(74
)
    
(54
)
    
(128
)
OCI/OCL before reclassifications
    
-
      
(369
)
    
(369
)
    
-
      
932
      
932
  
Amounts reclassified from OCI
    
-
      
(808
)
    
(808
)
    
-
      
(1,612
)
    
(1,612
)
Tax effect of OCI activity
    
-
      
274
      
274
      
-
      
164
      
164
  
Net current period OCI/OCL
    
-
      
(903
)
    
(903
)
    
(74
 )    
(570
)
    
(644
)
                                                 
Ending Balance
   $
(565
)
   $
213
     $
(352
 )   $
(565
)
   $
213
     $
(352
 )
 
 
   
Three Months Ended
   
Six Months Ended
 
   
December 31, 2018
    
December 31, 2018
  
   
 
 
 
  
Unrealized
    
 
 
 
  
 
 
 
  
Unrealized
    
 
 
 
   
Defined
    
Gains
    
 
 
 
  
Defined
    
Gains
    
 
 
 
   
Benefit
    
(Losses) on
    
 
 
 
  
Benefit
    
(Losses) on
    
 
 
 
   
Pension
    
Cash Flow
    
 
 
 
  
Pension
    
Cash Flow
    
 
 
 
   
Plan
    
Hedges
    
Total
    
Plan
    
Hedges
    
Total
  
Beginning Balance
   $
(387
)
   $
192
     $
(195
)
   $
(387
)
   $
(191
)
   $
(578
)
OCI/OCL before reclassifications
    
-
      
1,784
      
1,784
      
-
      
2,729
      
2,729
  
Amounts reclassified from OCI
    
-
      
(674
)
    
(674
)
    
-
      
(1,120
)
    
(1,120
)
Tax effect of OCI activity
    
-
      
(258
)
    
(258
)
    
-
      
(374
)
    
(374
)
Net current period OCI/OCL
    
-
      
852
      
852
      
-
      
1,235
      
1,235
  
                                                 
Ending Balance
   $
(387
)
   $
1,044
     $
657
     $
(387
)
   $
1,044
     $
657
  
 
On
July 1, 2019,
we adopted ASU
2018
-
02,
“
Income Statement-Reporting Comprehensive Income (Topic
220
): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
”. ASU
2018
allows for a reclassification from accumulated other comprehensive income (OCI) to retained earnings for stranded tax effects resulting from the
2017
Tax Cuts and Jobs Act. Under this ASU, we reclassified
$128,000
of gains from OCI to retained earnings.