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Accumulated Other Comprehensive Income
6 Months Ended
Sep. 26, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
The following table details changes in the components of accumulated other comprehensive income, net of taxes for the six-month periods ended September 26, 2015 and September 27, 2014, respectively (in thousands):
 
Foreign Currency
Translation
Income (Loss)
 
Net Gains
(Losses) on
Derivatives (1)
 
Total
Accumulated Other
Comprehensive
Income (Loss)
Balance at March 29, 2014
$
(4,775
)
 
$
(1,598
)
 
$
(6,373
)
Other comprehensive income (loss) before reclassifications
(24,604
)
 
9,347

 
(15,257
)
Less: amounts reclassified from AOCI to earnings (2)

 
(1,211
)
 
(1,211
)
Other comprehensive income net of tax
(24,604
)
 
10,558

 
(14,046
)
Balance at September 27, 2014
$
(29,379
)
 
$
8,960

 
$
(20,419
)
 
 
 
 
 
 
Balance at March 28, 2015
$
(96,068
)
 
$
29,264

 
(66,804
)
Other comprehensive income (loss) before reclassifications
4,228

 
(16,337
)
 
(12,109
)
Less: amounts reclassified from AOCI to earnings (2)

 
2,224

 
2,224

Other comprehensive income (loss) net of tax
4,228

 
(18,561
)
 
(14,333
)
Balance at September 26, 2015
$
(91,840
)
 
$
10,703

 
$
(81,137
)
Less: other comprehensive income attributable to noncontrolling interest
11

 

 
11

Other comprehensive income attributable to MKHL
$
(91,851
)
 
$
10,703

 
$
(81,148
)
 
 
(1) 
Accumulated other comprehensive income balance related to net gains on derivative financial instruments as of September 26, 2015 and March 28, 2015 is net of tax provisions of $1.2 million and $3.3 million, respectively. Other comprehensive loss before reclassifications related to derivative financial instruments for the six months ended September 26, 2015 and September 27, 2014 is net of tax benefits of $2.0 million and $1.1 million, respectively.
(2) 
Reclassified amounts relate to the Company’s forward foreign currency exchange contracts for inventory purchases and are recorded within Cost of goods sold in the Company’s consolidated statements of operations. The related tax effects recorded within income tax expense in the Company’s consolidated statements of operations were not material.