Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Dec. 31, 2019

Schedule of Accumulated Other Comprehensive Loss

The following table presents the changes in accumulated other comprehensive loss:


	Three Months Ended December 31,						Six Months Ended December 31,
	2019		2018		2019		2018
Foreign currency translation adjustments:
Other comprehensive income (loss) before reclassifications ⁽¹⁾	$	48,655	$	(27,948)	$	9,713	$	(41,467)
Amounts reclassified into income ⁽²⁾	—		—		95,120		—
Deferred gains (losses) on cash flow hedging instruments:

Amounts reclassified into income ⁽³⁾	42		—		(26)		—



Net change in accumulated other comprehensive loss	$	48,697	$	(27,948)	$	104,807	$	(41,467)

(1) Foreign currency translation adjustments included intra-entity foreign currency transactions that were of a long-term investment nature and were net gains of $613 and net losses of $313 for the three months ended December 31, 2019 and 2018, respectively, and net losses of $250 and $472 for the six months ended December 31, 2019 and 2018, respectively.

(2) Foreign currency translation gains or losses of foreign subsidiaries related to divested businesses are reclassified into income once the liquidation of the respective foreign subsidiaries is substantially complete. At the completion of the sale of Tilda, the Company reclassified $95,120 of translation losses from accumulated comprehensive loss to the Company’s results of discontinued operations.

(3) Amounts reclassified into income for deferred gains (losses) on cash flow hedging instruments are recorded in Cost of sales in the Consolidated Statements of Operations and, before taxes, were $52 and $(26) in the three and six months ended December 31, 2019, respectively. There were no amounts reclassified into income in the three and six months ended December 31, 2018.