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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Jun. 30, 2016
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 Fiscal Years ended 2016, 2015 and 2014:
(dollars in millions)
 
Foreign Currency
 
Unrealized Gain/Loss on Derivatives
 
Total
Balance at June 30, 2013
 
$
(29.1
)
 
$
(0.9
)
 
$
(30.0
)
Other comprehensive income before reclassifications
 
27.0

 
6.4

 
33.4

Loss reclassified from accumulated other comprehensive income (loss)
 
—

 
(1.3
)
 
(1.3
)
Net current-period other comprehensive income
 
$
27.0

 
$
5.1

 
$
32.1

Balance at June 30, 2014
 
$
(2.1
)
 
$
4.2

 
$
2.1

Other comprehensive loss before reclassifications
 
(94.1
)
 
(14.3
)
 
(108.4
)
Gain reclassified from accumulated other comprehensive income (loss)
 
—

 
10.4

 
10.4

Net current-period other comprehensive loss
 
$
(94.1
)
 
$
(3.9
)
 
$
(98.0
)
Balance at June 30, 2015
 
$
(96.2
)
 
$
0.3

 
$
(95.9
)
Other comprehensive loss before reclassifications
 
(34.3
)
 
(10.6
)
 
(44.9
)
Loss reclassified from accumulated other comprehensive income (loss)
 
—

 
4.8

 
4.8

Net current-period other comprehensive loss
 
$
(34.3
)
 
$
(5.8
)
 
$
(40.1
)
Balance at June 30, 2016
 
$
(130.5
)
 
$
(5.5
)
 
$
(136.0
)

The significant change in our translation adjustment was due primarily to the movements in the Great British Pound (GBP), Japanese Yen (JPY), Indian Rupee (INR) and South African Rand (ZAR) exchange rates against the United States Dollar (USD). For Fiscal Year 2016, the USD strengthened by 16.2%, 6.3%, and 23% as compared to the GBP, INR and ZAR between June 30, 2015 and June 30, 2016, respectively; and the USD depreciated by 17.7% against JPY during the same period. The movement in the GBP, INR, ZAR represents $16.7 million, $4.2 million, and $2.2 million, respectively, out of the $34.3 million foreign currency translation adjustment during Fiscal Year 2016. The overall change in our translation adjustment was partially offset by the movement in JPY, representing $4.7 million.
The details regarding pre-tax gain (loss) on derivative instruments reclassified to net income from accumulated other comprehensive income are presented below:
 
 
Fiscal Year
 
Affected Line in the Consolidated Statements of Income
(dollars in millions)
 
2016
 
2015
 
2014
 
Interest rate contracts
 
$
(0.5
)
 
$
(1.5
)
 
$
(1.7
)
 
Interest expense, net
Foreign exchange contracts
 
(4.9
)
 
(12.3
)
 
3.4

 
Direct Costs
Foreign exchange contracts
 
(2.3
)
 
(2.7
)
 
0.3

 
Service revenue
Cross-currency swap contracts
 
—

 
0.2

 
0.1

 
Miscellaneous (expense) income, net
Total
 
$
(7.7
)
 
$
(16.3
)
 
$
2.1

 
 

The amounts of gain (loss) reclassified from accumulated other comprehensive loss into net income are net of taxes of $2.9 million, $5.9 million, and $0.8 million and for Fiscal Year 2016, 2015 and 2014, respectively.