Accumulated Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Mar. 31, 2020

Schedule of Accumulated Other Comprehensive (Loss) Income

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


	Three Months Ended March 31,						Nine Months Ended March 31,
	2020		2019		2020		2019
Foreign currency translation adjustments:
Other comprehensive (loss) income before reclassifications ⁽¹⁾	$	(52,315)	$	20,934	$	(42,602)	$	(20,533)
Amounts reclassified into income ⁽²⁾	—		—		95,120		—
Deferred gains (losses) on cash flow hedging instruments:
Other comprehensive income (loss) before reclassifications	—		(42)		—		(42)
Amounts reclassified into income ⁽³⁾	109		—		83		—



Net change in accumulated other comprehensive (loss) income	$	(52,206)	$	20,892	$	52,601	$	(20,575)

(1) Foreign currency translation adjustments included intra-entity foreign currency transactions that were of a long-term investment nature and were net losses of $453 and $403 for the three months ended March 31, 2020 and 2019, respectively, and net losses of $703 and $875 for the nine months ended March 31, 2020 and 2019, 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 $134 and $108 in the three and nine months ended March 31, 2020, respectively. There were no amounts reclassified into income in the three and nine months ended March 31, 2019.