Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Accumulated Other Comprehensive Income

v2.4.1.9
Note 11 - Accumulated Other Comprehensive Income
 6 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
(11)
Accumulated Other Comprehensive Income
 
 
The following table sets forth the activity in accumulated other comprehensive income for the year to date period ended December 31, 2014 (in thousands):
 
   
Foreign
            
Unrealized
          
   
currency
            
gains and
          
   
translation
    
Derivative
    
losses on
         
   
adjustments
    
instruments
    
investments
    
Total
  
Balance June 30, 2014
   $ 670     $ (39 )   $ 11     $ 642  
Changes before reclassifications
   $ (2,086 )   $ -     $ (10 )   $ (2,096 )
Amounts reclassified from accumulated
other comprehensive income
   $ -     $ 16     $ -     $ 16  
Current period other comprehensive income
   $ (2,086 )   $ 16     $ (10 )   $ (2,080 )
Balance December 31, 2014
   $ (1,416 )   $ (23 )   $ 1     $ (1,438 )
 
Foreign currency translation adjustments are the result of changes in foreign currency exchange rates related to our operations in Canada, Belgium, Honduras, and Mexico, and exclude income taxes given that the earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite time. The derivative instruments are reclassified to interest expense in our consolidated statements of operations.