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Stockholders' Equity
 12 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY

Preferred Stock

The Company is authorized to issue “blank check” preferred stock of up to 5,000 shares with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered to issue, without stockholder approval, preferred stock with dividends, liquidation, conversion, voting or other rights which could decrease the amount of earnings and assets available for distribution to holders of the Company’s Common Stock. At June 30, 2016 and 2015, no preferred stock was issued or outstanding.

Common Stock Issued

See Note 5, Acquisitions, for details surrounding issuance of the Company’s common stock in connection with recent acquisitions.

Accumulated Other Comprehensive Loss

The following tables present the changes in accumulated other comprehensive loss:
 
Fiscal Year Ended June 30,
 
2016
 
2015
(Revised)
Foreign currency translation adjustments:
 
 
 
Other comprehensive loss before reclassifications (1)
$
(129,874
)
 
$
(102,374
)
Deferred gains/(losses) on cash flow hedging instruments:
 
 
 
Other comprehensive income before reclassifications
4,666

 
5,449

Amounts reclassified into income (2)
(5,193
)
 
(3,868
)
Unrealized gain on available for sale investment:
 
 
 
Other comprehensive loss before reclassifications
(79
)
 
(595
)
Amounts reclassified into income (3)
—

 
(311
)
Net change in accumulated other comprehensive loss
$
(130,480
)
 
$
(101,699
)

(1)
Foreign currency translation adjustments included intra-entity foreign currency transactions that were of a long-term investment nature of $107,221 and $65,185 for fiscal years ended June 30, 2016 and 2015, respectively.
(2)
Amounts reclassified into income for deferred gains on cash flow hedging instruments are recorded in “Cost of sales” in the Consolidated Statements of Income and, before taxes, were $6,788 and $5,087 for the fiscal years ended June 30, 2016 and 2015, respectively.
(3)
Amounts reclassified into income for gains on sale of available for sale investments were based on the average cost of the shares held (See Note 14, Investments and Joint Ventures). Such amounts are recorded in “Other (income)/expense, net” in the Consolidated Statements of Income. There was no tax expense associated with these gains reclassified into income in fiscal 2015 as the Company utilized capital losses to offset these gains.