XML 90 R16.htm IDEA: XBRL DOCUMENT v3.2.0.727
Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table reflects the activity for the components of accumulated other comprehensive income (loss), net of tax, for the years ended June 30, 2015, 2014 and 2013:
(in thousands)
 
Foreign Currency
 
Unrealized Gain/Loss on Derivatives
 
Total
Balance as of June 30, 2012
 
$
(27,615
)
 
$
(1,524
)
 
$
(29,139
)
Other comprehensive income before reclassifications
 
(1,523
)
 
(1,363
)
 
(2,886
)
Loss reclassified from accumulated other comprehensive income
 

 
1,987

 
1,987

Net current-period other comprehensive income
 
$
(1,523
)
 
$
624

 
$
(899
)
Balance at June 30, 2013
 
$
(29,138
)
 
$
(900
)
 
$
(30,038
)
Other comprehensive income before reclassifications
 
27,050

 
6,411

 
33,461

Gain reclassified from accumulated other comprehensive income
 

 
(1,333
)
 
(1,333
)
Net current-period other comprehensive income
 
$
27,050

 
$
5,078

 
$
32,128

Balance at June 30, 2014
 
$
(2,088
)
 
$
4,178

 
$
2,090

Other comprehensive income before reclassifications
 
(94,075
)
 
(14,272
)
 
(108,347
)
Loss reclassified from accumulated other comprehensive income
 

 
10,389

 
10,389

Net current-period other comprehensive income
 
$
(94,075
)
 
$
(3,883
)
 
$
(97,958
)
Balance at June 30, 2015
 
$
(96,163
)
 
$
295

 
$
(95,868
)

The details regarding pre-tax gain (loss) on derivative instruments reclassified to net income from accumulated other comprehensive income are presented below:
 
 
Years Ended
 
Affected Line in the Consolidated Statements of Income
(in thousands)
 
2015
 
2014
 
2013
 
Interest rate contracts
 
$
(1,450
)
 
$
(1,719
)
 
$
(1,260
)
 
Interest expense, net
Foreign exchange contracts
 
(12,290
)
 
3,420

 
(2,048
)
 
Direct Costs
Foreign exchange contracts
 
(2,755
)
 
281

 

 
Service revenue
Cross-currency swap contracts
 
184

 
114

 
218

 
Miscellaneous (expense) income, net
Total
 
$
(16,311
)
 
$
2,096

 
$
(3,090
)
 
 

The amounts of gain (loss) reclassified from accumulated other comprehensive income into net income are net of taxes of $5.9 million, $0.8 million, and $1.1 million and for years ended June 30, 2015, 2014 and 2013, respectively.