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Note D - Other Comprehensive Loss
 6 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
 
D. Other Comprehensive Loss
 
Other comprehensive (loss) income (“OCL” and “OCI”) consisted of the following during the
three
and
six
months ended
December 31, 2020
and
December 31, 2019 (
in thousands):
  
   
Three Months Ended
   
Six Months Ended
 
   
December 31, 2020
    
December 31, 2020
  
   
 
 
 
  
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
   $
(888
)
   $
(1,415
)
   $
(2,303
)
   $
(888
)
   $
(295
)
   $
(1,183
)
OCI/OCL before reclassifications
    
-
      
(1,850
)
    
(1,850
)
    
-
      
(3,913
)
    
(3,913
)
Amounts reclassified from OCI
    
-
      
737
      
737
      
-
      
1,341
      
1,341
  
Tax effect of OCI activity
    
-
      
259
      
259
      
-
      
598
      
598
  
Net current period OCI/OCL
    
-
      
(854
)
    
(854
)
    
-
      
(1,974
)
    
(1,974
)
                                                 
Ending Balance
   $
(888
)
   $
(2,269
)
   $
(3,157
 )   $
(888
)
   $
(2,269
)
   $
(3,157
 )
 
 
 
   
Three Months Ended
   
Six Months Ended
 
   
December 31, 2019
    
December 31, 2019
  
   
 
 
 
  
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
 )
 
ASU
2018
-
02,
“
Income Statement-Reporting Comprehensive Income (Topic
220
): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
”, allowed 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
$0.1
million of gains from OCI to retained earnings for the
six
months ended
December 30, 2019.