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Note 17. Accumulated Other Comprehensive Income (Loss)
12 Months Ended
Jun. 30, 2018
Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note
Accumulated Other Comprehensive Income (Loss)
The changes in the balances of each component of Accumulated Other Comprehensive Income (Loss), net of tax, were as follows:
(Amounts in Thousands)
Foreign Currency Translation Adjustments
 
Derivative Gain (Loss)
 
Postemployment Benefits
Net Actuarial Gain (Loss)
 
Accumulated Other Comprehensive Income (Loss)
Balance at June 30, 2016
$
(9,653
)
 
$
(3,137
)
 
$
600

 
$
(12,190
)
Other comprehensive income (loss) before reclassifications
2,777

 
523

 
178

 
3,478

Reclassification to (earnings) loss

 
(174
)
 
(198
)
 
(372
)
Net current-period other comprehensive income (loss)
$
2,777

 
$
349

 
$
(20
)
 
$
3,106

Balance at June 30, 2017
$
(6,876
)
 
$
(2,788
)
 
$
580

 
$
(9,084
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
2,519

 
(1,965
)
 
345

 
899

Reclassification to (earnings) loss

 
1,455

 
(218
)
 
1,237

Net current-period other comprehensive income (loss)
2,519

 
(510
)

127

 
2,136

Tax Reform impact (1)

 
(81
)
 
130

 
49

Balance at June 30, 2018
$
(4,357
)
 
$
(3,379
)
 
$
837

 
$
(6,899
)

(1) During fiscal year 2018, the Company adopted a new accounting standard on accounting for the reclassification of certain tax effects from accumulated other comprehensive income related to Tax Reform. See Note 1 – Business Description and Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements for further information on the adoption of new accounting standards and Tax Reform.
The following reclassifications were made from Accumulated Other Comprehensive Income (Loss) to the Consolidated Statements of Income:
Reclassifications from Accumulated Other Comprehensive Income (Loss)
 
 
 
Affected Line Item in the
Consolidated Statements of Income
 
Year Ended June 30
 
(Amounts in Thousands)
 
2018
 
2017
 
Derivative Gain (Loss) (1)
 
$
(1,648
)
 
$
18

 
Cost of Sales
 
 
(20
)
 
(5
)
 
Non-operating income (expense), net
 
 
213

 
161

 
Benefit (Provision) for Income Taxes
 
 
$
(1,455
)
 
$
174

 
Net of Tax
Postemployment Benefits:
 
 
 
 
 
 
Amortization of Actuarial Gain (Loss) (2)
 
$
200

 
$
181

 
Cost of Sales
 
 
158

 
136

 
Selling and Administrative Expenses
 
 
(140
)
 
(119
)
 
Benefit (Provision) for Income Taxes
 
 
$
218

 
$
198

 
Net of Tax
 
 
 
 
 
 
 
Total Reclassifications for the Period
 
$
(1,237
)
 
$
372

 
Net of Tax
Amounts in parentheses indicate reductions to income.
(1) See Note 12 - Derivative Instruments of Notes to Consolidated Financial Statements for further information on derivative instruments.
(2) See Note 7 - Employee Benefit Plans of Notes to Consolidated Financial Statements for further information on postemployment benefit plans.