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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Other Comprehensive Income (Loss)

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

 

 

 

Three Months Ended

December 31, 2016

 

 

Three Months Ended

December 31, 2015

 

 

Six Months Ended

December 31, 2016

 

 

Six Months Ended

December 31, 2015

 

 

 

Pre-Tax

 

 

Net of Tax

 

 

Pre-Tax

 

 

Net of Tax

 

 

Pre-Tax

 

 

Net of Tax

 

 

Pre-Tax

 

 

Net of Tax

 

Foreign currency translation

   losses

 

$

(46,751

)

 

$

(46,751

)

 

$

(19,924

)

 

$

(19,924

)

 

$

(43,360

)

 

$

(43,360

)

 

$

(53,247

)

 

$

(53,247

)

Changes in hedging derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassifications from AOCI into

   income (effective portion)(1)

 

 

(22,065

)

 

 

(19,285

)

 

 

(21,042

)

 

 

(16,737

)

 

 

(42,158

)

 

 

(41,528

)

 

 

(43,299

)

 

 

(35,656

)

Reclassifications from AOCI into

   income (effective portion)(2)

 

 

93

 

 

 

81

 

 

 

(24

)

 

 

(19

)

 

 

80

 

 

 

79

 

 

 

(24

)

 

 

(20

)

Reclassifications from AOCI into

   income (effective portion)(3)

 

 

6

 

 

 

5

 

 

 

5

 

 

 

4

 

 

 

11

 

 

 

9

 

 

 

10

 

 

 

8

 

Reclassifications from AOCI into

   income (effective portion)(6)

 

 

3,953

 

 

 

3,455

 

 

 

-

 

 

 

-

 

 

 

3,335

 

 

 

3,285

 

 

 

-

 

 

 

-

 

Gains recognized in AOCI

(effective portion)

 

 

55,613

 

 

 

48,606

 

 

 

41,467

 

 

 

32,984

 

 

 

53,944

 

 

 

53,138

 

 

 

51,448

 

 

 

42,367

 

Other gains

 

 

669

 

 

 

585

 

 

 

87

 

 

 

69

 

 

 

675

 

 

 

665

 

 

 

23

 

 

 

19

 

Change in hedging derivatives

 

 

38,269

 

 

 

33,447

 

 

 

20,493

 

 

 

16,301

 

 

 

15,887

 

 

 

15,648

 

 

 

8,158

 

 

 

6,718

 

Pension liability adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior service cost(4)

 

 

214

 

 

 

152

 

 

 

247

 

 

 

166

 

 

 

428

 

 

 

301

 

 

 

494

 

 

 

347

 

Amortization of net loss(4)

 

 

1,029

 

 

 

732

 

 

 

1,309

 

 

 

878

 

 

 

2,081

 

 

 

1,464

 

 

 

2,624

 

 

 

1,842

 

Expected return on plan assets(4)

 

 

(27

)

 

 

(19

)

 

 

(31

)

 

 

(21

)

 

 

(55

)

 

 

(39

)

 

 

(62

)

 

 

(44

)

Other gains (losses) (5)

 

 

3,013

 

 

 

2,145

 

 

 

1,483

 

 

 

995

 

 

 

2,480

 

 

 

1,749

 

 

 

(1,154

)

 

 

(810

)

Pension liability adjustment

 

 

4,229

 

 

 

3,010

 

 

 

3,008

 

 

 

2,018

 

 

 

4,934

 

 

 

3,475

 

 

 

1,902

 

 

 

1,335

 

Unrealized (losses) gains on

   available-for-sale securities

 

 

(735

)

 

 

(468

)

 

 

53

 

 

 

34

 

 

 

857

 

 

 

548

 

 

 

(81

)

 

 

(51

)

Other comprehensive (loss) income

 

 

(4,988

)

 

 

(10,762

)

 

 

3,630

 

 

 

(1,571

)

 

 

(21,682

)

 

 

(23,689

)

 

 

(43,268

)

 

 

(45,245

)

Other comprehensive (loss) income

   attributable to Harman International

   Industries, Incorporated

 

$

(4,988

)

 

$

(10,762

)

 

$

3,630

 

 

$

(1,571

)

 

$

(21,682

)

 

$

(23,689

)

 

$

(43,268

)

 

$

(45,245

)

 

(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 losses (gains), net in our Condensed Consolidated Statements of Income. Refer to Note 13–Derivatives for more information.
Schedule of Accumulated Other Comprehensive Income Loss

AOCI: At December 31, 2016 and June 30, 2016 AOCI consisted of the following:

 

Income/(Loss):

 

December 31, 2016

 

 

June 30, 2016

 

Cumulative translation adjustment

 

$

(165,378

)

 

$

(122,018

)

Pension liability adjustment

 

 

(54,970

)

 

 

(58,445

)

Unrealized gains on hedging derivatives

 

 

119,539

 

 

 

103,891

 

Unrealized losses on available-for-sale securities

 

 

(121

)

 

 

(669

)

Total AOCI

 

$

(100,930

)

 

$

(77,241

)