18. Accumulated other comprehensive income (loss)

Components of comprehensive income include net income and certain transactions that have generally been reported in the Consolidated Statements of Changes in Stockholders’ Equity. Other comprehensive income consists of reported foreign currency translation gains and losses (net of taxes), actuarial gains and losses on pension plan assets (net of taxes), and changes in the unrealized value on foreign currency forward contracts (net of taxes). Deferred taxes are not provided on cumulative translation adjustments where we expect earnings of a foreign subsidiary to be indefinitely reinvested. The income tax effect of currency translation adjustments related to foreign subsidiaries that are not considered indefinitely reinvested is recorded as a component of deferred taxes with an offset to other comprehensive income.

The following table summarizes the components of accumulated other comprehensive income (loss):

(in millions)	Unrealized Losses on Available For Sale Securities			Unrealized Gain on Foreign Currency Forward Contracts			Unrealized Losses on Pension Plan			Currency Translation Adjustment			Accumulated Other Comprehensive Income
Balance as of July 31, 2014	$	-		$	-		$	(3.6	)	$	11.4		$	7.8
Pre-tax change before reclassification to earnings		-			-			0.9			(12.4	)		(11.5	)
Amount reclassified to earnings		-			(0.5	)		-			-			(0.5	)
Income tax benefit (provision)		-			0.1			(0.3	)		(0.1	)		(0.3	)
Balance as of July 31, 2015		-			(0.4	)		(3.0	)		(1.1	)		(4.5	)
Pre-tax change before reclassification to earnings		-			-			(2.6	)		(2.3	)		(4.8	)
Amount reclassified to earnings		-			0.3			0.1			-			0.3
Income tax (provision) benefit		-			(0.1	)		0.6			-			0.5
Balance as of July 31, 2016		-			(0.2	)		(4.9	)		(3.4	)		(8.5	)
Pre-tax change before reclassification to earnings		(0.01	)		-			1.8			1.1			2.9
Amount reclassified to earnings		-			0.9			-			-			0.9
Income tax (provision) benefit		-			(0.2	)		(0.4	)		0.2			(0.4	)
Balance as of July 31, 2017	$	(0.01	)	$	0.5		$	(3.5	)	$	(2.1	)	$	(5.1	)

The ineffective portion of the unrealized gains and losses on foreign currency forward contracts and realized gains or losses on currency translation is included in other income (expense) on our Consolidated Statement of Operations.

Realized gains and losses on the pension plan are included in general and administrative expenses on our Consolidated Statement of Operations.