Comprehensive Income (Loss) and Accumulated Other Comprehensive Income
|3 Months Ended|
Jun. 30, 2019
|Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]|
|Comprehensive Income (Loss) and Accumulated Other Comprehensive Income||Comprehensive Income (Loss) and Accumulated Other Comprehensive Income
Changes in AOCI for the three months ended June 30, 2019 and 2018 include the following components (amounts in thousands):
(1) Due primarily to the Company’s valuation allowance on deferred tax assets, there were no significant deferred tax effects associated with the cumulative currency translation gains and losses during the three months ended June 30, 2019 and 2018.
(2) Ending balance is net of tax of $2.4 million and $2.3 million as of June 30, 2019 and 2018, respectively.
(3) Foreign currency translation, net of tax for the three months ended June 30, 2019 includes losses of $2.0 million related to a derivative instrument accounted for as a net investment hedge. Refer to Note 13, Derivatives, for further information.(4) Cash flow hedges, net of tax for the three months ended June 30, 2019 includes losses of $6.9 million which were excluded from the assessment of hedge effectiveness.
The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef