Other Comprehensive Income (Loss)

6 Months Ended

Dec. 31, 2015

Equity [Abstract]

Other Comprehensive Income (Loss)

Note 15 – Other Comprehensive Income (Loss)

Other comprehensive income (loss) is comprised of the following:

	Three Months Ended December 31, 2015						Three Months Ended December 31, 2014						Six Months Ended December 31, 2015						Six Months Ended December 31, 2014
	Pre-Tax			Net of Tax			Pre-Tax			Net of Tax			Pre-Tax			Net of Tax			Pre-Tax			Net of Tax
Foreign currency translation losses	$	(19,924	)	$	(19,924	)	$	(46,260	)	$	(46,260	)	$	(53,247	)	$	(53,247	)	$	(127,675	)	$	(127,675	)
Changes in hedging derivatives:
Reclassifications from AOCI into income (effective portion)(1)		(21,042	)		(16,737	)		(7,353	)		(5,558	)		(43,299	)		(35,656	)		(6,550	)		(4,951	)
Reclassifications from AOCI into income (effective portion)(2)		(24	)		(19	)		(165	)		(126	)		(24	)		(20	)		(218	)		(165	)
Reclassifications from AOCI into income (effective portion)(3)		5			4			0			0			10			8			0			0
Gains recognized in AOCI (effective portion)		41,467			32,984			55,680			41,985			51,448			42,367			163,111			123,282
Other gains (losses)		87			69			89			1			23			19			(89	)		0
Unrealized gains on hedging derivatives		20,493			16,301			48,251			36,302			8,158			6,718			156,432			118,166
Pension liability adjustment:
Amortization of prior service cost(4)		247			166			244			172			494			347			487			342
Amortization of net loss(4)		1309			878			981			689			2,624			1,842			1,929			1,353
Expected return on plan assets(4)		(31	)		(21	)		(63	)		(44	)		(62	)		(44	)		(129	)		(90	)
Other gains (losses)(5)		1,483			995			1,457			1,474			(1,154	)		(810	)		2,372			1,663
Pension liability adjustment		3,008			2,018			2,619			2,291			1,902			1,335			4,659			3,268
Unrealized gains (losses) on available-for-sale securities		53			34			21			13			(81	)		(51	)		81			52
Other comprehensive income (loss)		3,630			(1,571	)		4,631			(7,654	)		(43,268	)		(45,245	)		33,497			(6,189	)
Other comprehensive loss attributable to noncontrolling interest		0			0			(4	)		(4	)		0			0			0			0
Other comprehensive income (loss) attributable to Harman International Industries, Incorporated	$	3,630		$	(1,571	)	$	4,635		$	(7,650	)	$	(43,268	)	$	(45,245	)	$	33,497		$	(6,189	)

⁽¹⁾  Reclassified to Cost of sales in our Condensed Consolidated Statements of Income. Refer to Note 13 – Derivatives for more information.

⁽²⁾  Reclassified to SG&A in our Condensed Consolidated Statements of Income. Refer to Note 13 – Derivatives for more information.

⁽³⁾  Reclassified to Interest expense, net in our Condensed Consolidated Statements of Income. Refer to Note 13 – Derivatives for more information.

⁽⁴⁾  Reclassified to SG&A in our Condensed Consolidated Statements of Income. Refer to Note 17 – Retirement Benefits for more information.

⁽⁵⁾  Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits included in AOCI.

AOCI: At December 31, 2015 and June 30, 2015 AOCI consisted of the following:

Income/(Loss):	December 31, 2015			June 30, 2015
Cumulative translation adjustment	$	(148,305	)	$	(95,058	)
Pension liability adjustment		(43,059	)		(44,394	)
Unrealized gains (losses) on hedging derivatives		157,098			150,380
Unrealized gains on available-for-sale securities		455			506
Total AOCI	$	(33,811	)	$	11,434

At December 31, 2015, we had approximately $8.8 million and $44.7 million of investments included in Other current assets and Non-current assets, respectively, in our Condensed Consolidated Balance Sheets that have been classified as available-for-sale securities. At June 30, 2015, we had approximately $2.7 million and $52.2 million of investments included in Other current assets and Non-current assets, respectively, in our Condensed Consolidated Balance Sheets that have been classified as available-for-sale securities. These securities are recorded at fair value with realized gains and losses recorded in income and unrealized gains and losses recorded in AOCI, net of taxes.