ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

9 Months Ended

Mar. 31, 2022

Schedule of Accumulated Other Comprehensive (Loss) Income

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


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Foreign currency translation adjustments:
Other comprehensive (loss) income before reclassifications	$	(18,701)	$	1,672	$	(43,649)	$	80,491
Amounts reclassified into income (1)	—		14,725		—		15,906
Deferred gains (losses) on cash flow hedging instruments:

Amount of gain (loss) recognized in AOCL on derivatives (2)	2,007		1,168		3,544		(621)
Amount of (loss) gain reclassified from AOCL into (expense) income (2)	(553)		(914)		(1,517)		995
Deferred gains (losses) on net investment hedging instruments:

Amount of gain (loss) recognized in AOCL on derivatives (2)	1,240		3,107		4,610		(2,763)
Amount of loss reclassified from AOCL into expense (2)	(113)		(97)		(327)		(298)
Net change in AOCL	$	(16,120)	$	19,661	$	(37,339)	$	93,710

(1)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. During the three and nine months ended March 31, 2021, the Company reclassified $14,725 and $15,906 of translation losses, respectively, from AOCL to Other income, net on the Consolidated Statements of Operations.

(2)See Note 15, Derivatives and Hedging Activities, for the amounts reclassified into income for deferred gains (losses) on cash flow and net investment hedging instruments recorded in the Consolidated Statements of Operations in the three and nine months ended March 31, 2022 and 2021.