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
9 Months Ended
Mar. 31, 2015
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 March 31, 2015 (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
  $ (3,058 )   $ -     $ (9 )   $ (3,067 )
Amounts reclassified from accumulated
other comprehensive income
  $ -     $ 39     $ -     $ 39  
Current period other comprehensive income
  $ (3,058 )   $ 39     $ (9 )   $ (3,028 )
Balance March 31, 2015
  $ (2,388 )   $ -     $ 2     $ (2,386 )
 
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 were reclassified to other income (expense) in our consolidated statements of operations in the quarter ended March 31, 2015 due to the extinguishment of our Senior Notes.