STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2020

Summary of Changes in Accumulated Other Comprehensive Income (Loss)

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


	Fiscal Year Ended June 30,
	2020		2019
Foreign currency translation adjustments:
Other comprehensive loss before reclassifications ⁽¹⁾	$	(37,847)	$	(41,180)
Amounts reclassified into income ⁽²⁾	95,120		—
Deferred gains (losses) on cash flow hedging instruments:
Other comprehensive (loss) income before reclassifications	(1,413)		94
Amounts reclassified into income ⁽³⁾	617		(26)
Deferred gains (losses) on net investment hedging instruments:
Other comprehensive loss before reclassifications	(2,788)		—
Amounts reclassified into income ⁽⁴⁾	(77)		—


Cumulative effect of adoption of ASU 2016-01	—		348
Other comprehensive income (loss)	$	53,612	$	(40,764)

(1)Foreign currency translation adjustments included intra-entity foreign currency transactions that were of a long-term investment nature and were a loss of $898 and a gain of $619 for the fiscal years ended June 30, 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 the Consolidated Statements of Operations as follows:


	Fiscal Year Ended June 30,
	2020		2019
Cost of sales	$	103	$	32
Interest and other financing expense, net	$	72	$	—
Other expense (income), net	$	(959)	$	—

(4)Amounts reclassified into income for deferred gains (losses) on net investment hedging instruments are recognized in “Interest and other financing expense, net” in the Consolidation Statements of Operations and were $98 and $0 for the fiscal years ended June 30, 2020 and 2019, respectively