8. Accumulated Other Comprehensive Income (Loss)

The following is a summary of the Company’s proportionate share of the Joint Venture’s accumulated other comprehensive income (loss) balances, net of taxes, as of and for the three and nine months ended December 31, 2019 and 2018.



				Foreign			Accumulated
		Available		Currency			Other
		For Sale		Translation	Cash Flow		Comprehensive
		Debt Security		Adjustment	Hedge		Income (Loss)

Balance at March 31, 2018	$	—	$	1,268	$	1,268	$	2,536
Cumulative effect of accounting change of the Joint Venture-ASU 2017-12		—		—		490		490
Change associated with foreign currency translation		—		(2,593)		—		(2,593)
Change associated with current period hedging		—		—		1,206		1,206
Reclassification into earnings		—		—		(424)		(424)
Balance at June 30, 2018	$	—	$	(1,325)	$	2,540	$	1,215

Change associated with foreign currency translation		—		566		—		566
Change associated with current period hedging		—		—		1,866		1,866
Reclassification into earnings		—		—		(388)		(388)
Balance at September 30, 2018	$	—	$	(759)	$	4,018	$	3,259

Change associated with foreign currency translation		—		(2,418)		—		(2,418)
Change associated with current period hedging		—				(6,168)		(6,168)
Reclassification into earnings		—		—		(375)		(375)
Balance at December 31, 2018	$	—	$	(3,177)	$	(2,525)	$	(5,702)


Balance at March 31, 2019	$	—	$	(1,565)	$	(1,691)	$	(3,256)
Cumulative effect of accounting change of the Joint Venture-ASU 2018-02		—		—		422		422
Change associated with foreign currency translation		—		226		—		226
Change associated with current period hedging		—		—		(5,117)		(5,117)
Reclassification into earnings		—		—		(314)		(314)
Balance at June 30, 2019	$	—	$	(1,339)	$	(6,700)	$	(8,039)
Unrealized gain (loss) on available for sale debt securities of the Joint Venture		1,173		—		—		1,173
Change associated with foreign currency translation		—		1,583		—		1,583
Change associated with current period hedging		—		—		(1,509)		(1,509)
Reclassification into earnings		—		—		199		199
Balance at September 30, 2019	$	1,173	$	244	$	(8,010)	$	(6,593)
Unrealized gain (loss) on available for sale debt securities of the Joint Venture		134						134
Change associated with foreign currency translation		—		1,728		—		1,728
Change associated with current period hedging		—		—		289		289
Reclassification into earnings		—		—		1,024		1,024
Balance at December 31, 2019	$	1,307		1,972	$	(6,697)	$	(3,418)

Effective April 1, 2018, the Joint Venture adopted FASB ASU No. 2017-12, which significantly changed the framework by which hedge accounting is recognized, presented and disclosed in the Joint Venture’s financial statements. The adoption of this update by the Joint Venture resulted in a reclassification between its accumulated other comprehensive income (loss) and accumulated earnings (deficit).

Effective April 1, 2019, the Joint Venture adopted FASB ASU No. 2018-02, which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017. The adoption of this update resulted in a reclassification between accumulative other comprehensive income (loss) and accumulated earnings (deficit).

As an investor in the Joint Venture, the Company has recognized its proportionate amount of these reclassifications as presented in the table above.