Other Comprehensive Income (Loss)

3 Months Ended

Sep. 30, 2016

Equity [Abstract]

Other Comprehensive Income (Loss)

Note 15 – Other Comprehensive Income (Loss)

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

	Three Months Ended September 30, 2016						Three Months Ended September 30, 2015
	Pre-Tax			Net of Tax			Pre-Tax			Net of Tax
Foreign currency translation gains    (losses)	$	3,391		$	3,391		$	(33,342	)	$	(33,342	)
Changes in hedging derivatives:
Reclassifications from AOCI into    income (effective portion)(1)		(20,093	)		(15,978	)		(22,257	)		(17,293	)
Reclassifications from AOCI into    income (effective portion)(2)		(13	)		(10	)		-			-
Reclassifications from AOCI into    income (effective portion)(3)		5			4			(5	)		(4	)
Reclassifications from AOCI into    income (effective portion)(6)		(618	)		(491	)		-			-
(Losses) gains recognized in AOCI (effective portion)		(1,669	)		(1,328	)		9,981			7,755
Other gains (losses)		6			4			(54	)		(41	)
Change in hedging derivatives		(22,382	)		(17,799	)		(12,335	)		(9,583	)
Pension liability adjustment:
Amortization of prior service cost(4)		214			141			247			152
Amortization of net loss(4)		1,052			693			1,315			812
Expected return on plan assets(4)		(28	)		(18	)		(31	)		(19	)
Other losses (5)		(533	)		(351	)		(2,637	)		(1,628	)
Pension liability adjustment		705			465			(1,106	)		(683	)
Unrealized gains (losses) on    available-for-sale securities		1,592			1,016			(134	)		(85	)
Other comprehensive loss		(16,694	)		(12,927	)		(46,917	)		(43,693	)
Other comprehensive loss    attributable to Harman International    Industries, Incorporated	$	(16,694	)	$	(12,927	)	$	(46,917	)	$	(43,693	)

⁽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.

⁽⁶⁾ Reclassified to Foreign exchange gains, net in our Condensed Consolidated Statements of Income. Refer to Note 13–Derivatives for more information.

AOCI: At September 30, 2016 and June 30, 2016 AOCI consisted of the following:

Income/(Loss):	September 30, 2016			June 30, 2016
Cumulative translation adjustment	$	(118,627	)	$	(122,018	)
Pension liability adjustment		(57,980	)		(58,445	)
Unrealized gains on hedging derivatives		86,092			103,891
Unrealized gains (losses) on available-for-sale securities		347			(669	)
Total AOCI	$	(90,168	)	$	(77,241	)

At September 30, 2016, we had approximately $9.0 million and $62.4 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, 2016, we had approximately $8.9 million and $45.6 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.