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Accumulated Other Comprehensive Income
3 Months Ended
Sep. 30, 2016
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 three months ended September 30, 2016:
(dollars in millions)
 
Foreign Currency
 
Unrealized Gain/Loss on Derivatives
 
Total
Balance as of June 30, 2016
 
$
(130.5
)
 
$
(5.5
)
 
$
(136.0
)
Other comprehensive income before reclassifications
 
3.8

 
4.4

 
8.2

Loss reclassified from accumulated other comprehensive income
 

 
(2.2
)
 
(2.2
)
Net current-period other comprehensive income
 
$
3.8

 
$
2.2

 
$
6.0

Balance as of September 30, 2016
 
$
(126.7
)

$
(3.3
)
 
$
(130.0
)

The significant change in our translation adjustment was due primarily to the movements in Euro (EUR), Indian Rupee (INR), Taiwan Dollar (TWD), South African Rand (ZAR) and partially offset by Great British Pound (GBP) exchange rates against the United States Dollar (USD). For the three months ended September 30, 2016, the USD weakened by 1.3%, 1.5%, 3.0% and 9.3% as compared to the EUR, INR, TWD and ZAR between June 30, 2016 and September 30, 2016, respectively; and the USD appreciated by 2.9% against GBP during the same period. The movement in the EUR, INR, TWD and ZAR represents gains of $2.1 million, $1.5 million, $1.1 million, and $1.0 million respectively, out of the $3.8 million foreign currency translation adjustment during the three months ended September 30, 2016. The overall change in our translation adjustment was partially offset by the movement in GBP, representing a loss of $2.8 million.
The details regarding pre-tax gain (loss) on derivative instruments reclassified to net income from accumulated other comprehensive income (loss) for the three months ended September 30, 2016 and 2015 are presented below:
 
 
Three Months Ended
 
Affected Line in the Consolidated Statements of Income
(dollars in millions)
 
September 30, 2016
 
September 30, 2015
 
Interest rate contracts
 
$
(0.1
)
 
$
(0.2
)
 
Interest expense, net
Foreign exchange contracts
 
(2.6
)
 
(0.2
)
 
Service revenue
Foreign exchange contracts
 
(0.1
)
 
(2.8
)
 
Direct costs
Total
 
$
(2.8
)
 
$
(3.2
)
 
 

The amounts of gain (loss) reclassified from accumulated other comprehensive income into net income are net of taxes of $0.5 million, and $1.3 million for the three months ended September 30, 2016 and September 30, 2015, respectively.