25. Accumulated Other Comprehensive Income (Loss)

The following is a summary of the accumulated other comprehensive income (loss) activity for the years ended March 31, 2020, 2019 and 2018. Prior to the Merger, the activity in accumulated other comprehensive income (loss) reflects the Company’s proportionate share of the Joint Venture’s accumulated other comprehensive income (loss), net of taxes.


			Foreign				Accumulated
	Available		Currency				Other
	For Sale		Translation		Cash Flow		Comprehensive
	Debt Security		Adjustment		Hedge		Income (Loss)
Balance at March 31, 2017	$	—	$	26	$	(338)	$	(312)
Change associated with foreign currency translation		—		1,242		—		1,242
Change associated with current period hedging (net of taxes of $623)		—		—		1,267		1,267
Reclassification into earnings		—		—		339		339
Balance at March 31, 2018	$	—	$	1,268	$	1,268	$	2,536

Cumulative effect of accounting change by the Joint Venture-ASU 2017-12		—		—		490		490
Change associated with foreign currency translation		—		(2,833)		—		(2,833)
Change associated with current period hedging (net of taxes of $2,139)		—		—		(1,671)		(1,671)
Reclassification into earnings		—		—		(1,778)		(1,778)
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
Unrealized gain (loss) on available for sale debt securities of the Joint Venture		1,045		—		—		1,045
Realized gain (loss) on available for sale debt securities of the Joint Venture		(1,045)		—		—		(1,045)
Change associated with foreign currency translation		—		(5,519)		—		(5,519)
Change associated with current period hedging (net of taxes of $607)		—		—		981		981
Reclassification into earnings		—		—		—		—
Balance at March 31, 2020	$	—	$	(7,084)	$	(288)	$	(7,372)

Effective April 1, 2018, the Joint Venture adopted 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 accumulated other comprehensive income (loss) and accumulated earnings (deficit).

Effective April 1, 2019, the Joint Venture adopted 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).