| Schedule of changes in Accumulated other comprehensive loss |
The following table reflects the changes in Accumulated other comprehensive loss by component (in thousands):
|
|
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|
|
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|
|
Unrealized |
|
Foreign |
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|
|
|
|
Losses on |
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Currency |
|
|
|
|
|
Derivative |
|
Translation |
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|
|
|
|
Instruments |
|
Adjustments |
|
Total |
Balance as of June 30, 2023, net of tax(1) |
|
$ |
12,862 |
|
$ |
(78,926) |
|
$ |
(66,064) |
Other comprehensive income (loss), before tax: |
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|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(12,632) |
|
|
(9,941) |
|
|
(22,573) |
Amounts reclassified out |
|
|
10,317 |
|
|
3,210 |
|
|
13,527 |
Total other comprehensive income (loss), before tax: |
|
|
(2,315) |
|
|
(6,731) |
|
|
(9,046) |
Tax expense |
|
|
(2,445) |
|
|
(761) |
|
|
(3,206) |
Total other comprehensive income (loss), net of tax: |
|
|
(4,760) |
|
|
(7,492) |
|
|
(12,252) |
Balance as of June 30, 2024, net of tax(1) |
|
$ |
8,102 |
|
$ |
(86,418) |
|
$ |
(78,316) |
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(12,011) |
|
|
21,895 |
|
|
9,884 |
Amounts reclassified out |
|
|
8,448 |
|
|
2,761 |
|
|
11,209 |
Total other comprehensive income (loss), before tax |
|
|
(3,563) |
|
|
24,656 |
|
|
21,093 |
Tax expense |
|
|
(2,003) |
|
|
(654) |
|
|
(2,657) |
Total other comprehensive income (loss), net of tax |
|
|
(5,566) |
|
|
24,002 |
|
|
18,436 |
Balance as of June 30, 2025, net of tax(1) |
|
$ |
2,536 |
|
$ |
(62,416) |
|
$ |
(59,880) |
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss), before tax: |
|
|
|
|
|
|
|
|
|
Amounts before reclassifications |
|
|
(4,702) |
|
|
(10,142) |
|
|
(14,844) |
Amounts reclassified out |
|
|
2,839 |
|
|
2,592 |
|
|
5,431 |
Total other comprehensive income (loss), before tax |
|
|
(1,863) |
|
|
(7,550) |
|
|
(9,413) |
Tax expense |
|
|
(673) |
|
|
(614) |
|
|
(1,287) |
Total other comprehensive income (loss), net of tax |
|
|
(2,536) |
|
|
(8,164) |
|
|
(10,700) |
Balance as of June 30, 2026, net of tax(1) |
|
$ |
— |
|
$ |
(70,580) |
|
$ |
(70,580) |
| (1) |
The Company had a net deferred tax liability for its cash flow hedge of $0.8 million and $2.5 million as of June 30, 2025 and 2024. The cash flow hedge matured in fiscal 2026 resulting in no deferred tax liability for a cash flow hedge as of June 30, 2026.
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