16. Accumulated Other Comprehensive Income (Loss)

The following is a summary of the accumulated other comprehensive income (loss) activity for the three months ended June 30, 2020 and 2019. Prior to the Merger, the activity in accumulated other comprehensive income (loss) reflects the proportionate share of the Joint Venture’s accumulated other comprehensive income (loss), net of taxes.


		Foreign Currency			Accumulated Other
		Translation	Cash Flow		Comprehensive
		Adjustment	Hedge		Income (Loss)
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)
Balance at March 31, 2020	$	(7,084)	$	(288)	$	(7,372)
Change associated with foreign currency translation		6,353		—		6,353
Change associated with current period hedging		—		(4,459)		(4,459)
Reclassification into earnings		—		275		275
Balance at June 30, 2020	$	(731)	$	(4,472)	$	(5,203)

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).