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Accumulated Other Comprehensive Income
6 Months Ended
Dec. 31, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Comprehensive Income
COMPREHENSIVE INCOME (LOSS)
The following table reflects the activity for the components of accumulated other comprehensive income (loss), net of tax, for the six months ended December 31, 2014:
(in thousands)
 
Foreign Currency
 
Unrealized Gain/Loss on Derivatives
 
Total
Balance as of June 30, 2014
 
$
(2,088
)
 
$
4,178

 
$
2,090

Other comprehensive income before reclassifications
 
(68,945
)
 
(12,763
)
 
(81,708
)
Loss reclassified from accumulated other comprehensive income
 

 
1,498

 
1,498

Net current-period other comprehensive loss
 
$
(68,945
)
 
$
(11,265
)
 
$
(80,210
)
Balance as of December 31, 2014
 
$
(71,033
)

$
(7,087
)
 
$
(78,120
)

The details regarding pre-tax gain (loss) on derivative instruments reclassified to net income from accumulated other comprehensive income (loss) for the three and six months ended December 31, 2014 and 2013 are presented below:
 
 
Three Months Ended
 
Affected Line in the Consolidated Statements of Income
(in thousands)
 
December 31, 2014
 
December 31, 2013
 
Interest rate contracts
 
$
(339
)
 
$
(439
)
 
Interest expense, net
Foreign exchange contracts
 
(745
)
 

 
Service Revenue
Foreign exchange contracts
 
(3,162
)
 
823

 
Direct Costs
Cross-currency swap contracts
 
101

 

 
Miscellaneous income (expense), net
Total
 
$
(4,145
)
 
$
384

 
 

 
 
Six Months Ended
 
Affected Line in the Consolidated Statements of Income
(in thousands)
 
December 31, 2014
 
December 31, 2013
 
Interest rate contracts
 
$
74

 
$
(868
)
 
Interest expense, net
Foreign exchange contracts
 
(702
)
 

 
Service Revenue
Foreign exchange contracts
 
(1,877
)
 
(512
)
 
Direct Costs
Cross-currency swap contracts
 
184

 
114

 
Miscellaneous income (expense), net
Total
 
$
(2,321
)
 
$
(1,266
)
 
 
The amounts of gain (loss) reclassified from accumulated other comprehensive income into net income are net of taxes of $1.5 million and $0.8 million, respectively, for the three and six months ended December 31, 2014.