ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Mar. 31, 2020

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The table below summarizes the components of Accumulated other comprehensive income (loss) (AOCI), net of Provision for income taxes/(benefit), for the three and six months ended March 31, 2020 and 2019:


	Three Months Ended March 31,						Six Months Ended March 31,
	2020		2019		2020		2019
Beginning Balance	$	(3,616)	$	6,713	$	(23,238)	$	4,539

Foreign currency translation adjustment	(19,752)		(1,621)		(3,935)		1,412
Income taxes	27		629		61		21
Foreign currency translation adjustment, net of tax	(19,725)		(992)		(3,874)		1,433

Change in pension and other postretirement	—		251		—		—

Unrealized gain loss on cash flow hedges:
Change in fair value	(23,655)		(8,352)		(19,340)		(8,352)
Reclassification adjustment into earnings	1,366		(1)		2,537		(1)
Income taxes	4,982		1,879		3,755		1,879
Unrealized loss on cash flow hedges, net of tax	(17,307)		(6,474)		(13,048)		(6,474)

Effect of the adoption of the stranded tax effect accounting standards	—		—		(497)		—
Income taxes	—		—		9		—
Effect of the adoption of the stranded tax effect accounting standards, net of tax	—		—		(488)		—

Net Change	(37,032)		(7,215)		(17,410)		(5,041)

Ending Balance	$	(40,648)	$	(502)	$	(40,648)	$	(502)

The before tax amount reclassified from AOCI to Net income during the three and six months ended March 31, 2020 and 2019, related to cash flow hedges, were recorded as Interest expense on our Consolidated Statements of Income.

During the first quarter of fiscal 2020, the Company adopted ASU No. 2018-02 regarding the reclassification of stranded tax effects resulting from the change in the U.S. federal corporate income tax rate under the Tax Act and as a result, we reclassified $488 of stranded tax effects from Accumulated other comprehensive income to Retained earnings.