Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Sep. 30, 2017

Accumulated Other Comprehensive Income (Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the changes in accumulated other comprehensive income (loss):



	Three Months Ended September 30,
	2017			2016
Foreign currency translation adjustments:
Other comprehensive income (loss) before reclassifications ⁽¹⁾	$	33,861		$	(31,736	)
Deferred gains/(losses) on cash flow hedging instruments:
Other comprehensive income before reclassifications	39			101
Amounts reclassified into income ⁽²⁾	(106		)	(496		)
Unrealized gain/(loss) on available for sale investment:
Other comprehensive loss before reclassifications	(7		)	(50		)
Amounts reclassified into income ⁽³⁾	—			10
Net change in accumulated other comprehensive income (loss)	$	33,787		$	(32,171	)


(1)	Foreign currency translation adjustments included intra-entity foreign currency transactions that were of a long-term investment nature and were a gain of $751 and a loss of $7,152 for the three months ended September 30, 2017 and 2016, respectively.


(2)	Amounts reclassified into income for deferred gains/(losses) on cash flow hedging instruments are recorded in “Cost of sales” in the Consolidated Statements of Income and, before taxes, were $132 and $620 for the three months ended September 30, 2017 and 2016, respectively.

(3)

Amounts reclassified into income for losses on sale of available for sale investments were based on the average cost of the shares held (See Note 12, Investments and Joint Ventures). Such amounts are recorded in “Other (income)/expense, net” in the Consolidated Statements of Income and were $16 before taxes for the three months ended September 30, 2016. There were no amounts reclassified into income for losses on sale of available for sale investments for the three months ended September 30, 2017.