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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the changes in accumulated other comprehensive income (loss):
 
Three Months Ended December 31,
 
Six Months Ended December 31,
 
2017
 
2016
 
2017
 
2016
Foreign currency translation adjustments:
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications (1)
$
8,336

 
$
(51,222
)
 
$
42,197

 
$
(82,958
)
Deferred gains/(losses) on cash flow hedging instruments:
 
 
 
 
 
 
 
Other comprehensive income before reclassifications
—

 
45

 
39

 
101

Amounts reclassified into income (2)
—

 
(55
)
 
(106
)
 
(506
)
Unrealized gain/(loss) on available for sale investment:
 
 
 
 
 
 
 
Other comprehensive loss before reclassifications
5

 
(19
)
 
(2
)
 
(69
)
Amounts reclassified into income (3)
—

 
—

 
—

 
10

Net change in accumulated other comprehensive income (loss)
$
8,341

 
$
(51,251
)
 
$
42,128

 
$
(83,422
)

(1)
Foreign currency translation adjustments included intra-entity foreign currency transactions that were of a long-term investment nature and were a gain of $315 and a loss of $12,908 for the three months ended December 31, 2017 and 2016, respectively, and a gain of $1,066 and a loss of $20,061 for the six months ended December 31, 2017 and 2016, respectively.
(2)
Amounts reclassified into income for deferred gains/(losses) on cash flow hedging instruments are recorded in “Cost of sales” in the Consolidated Statements of Income and, before taxes, were $530 for the three months ended December 31, 2016 and $132 and $1,150 for the six months ended December 31, 2017 and 2016, respectively. There were no amounts reclassified into income for deferred gains/(losses) on cash flow hedging instruments for the three months ended December 31, 2017.
(3)
Amounts reclassified into income for losses on sale of available for sale investments were based on the average cost of the shares held (See Note 12, Investments and Joint Ventures). Such amounts are recorded in “Other (income)/expense, net” in the Consolidated Statements of Income and were $16 before taxes for the six months ended December 31, 2016. There were no amounts reclassified into income for losses on sale of available for sale investments for the three and six months ended December 31, 2017.