Accumulated Other Comprehensive Loss

6 Months Ended

Dec. 31, 2021

The following table presents a roll forward of amounts recognized in accumulated other comprehensive loss by component, net of tax of $1,189, for the six months ended December 31, 2021:


	(Losses) gains on cash flow hedges (1)		(Losses) gains on pension benefit obligation		Translation adjustments, net of hedges (2)		Total
Balance as of June 30, 2021	$	(23,831)	$	(1,735)	$	(45,916)	$	(71,482)
Other comprehensive income (loss) before reclassifications (3)	(4,423)		444		4,820		841
Amounts reclassified from accumulated other comprehensive loss to net income	13,314		—		—		13,314
Net current period other comprehensive income (loss)	8,891		444		4,820		14,155
Balance as of December 31, 2021	$	(14,940)	$	(1,291)	$	(41,096)	$	(57,327)

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(1) (Losses) gains on cash flow hedges include our interest rate swap and cross-currency swap contracts designated in cash flow hedging relationships.

(2) As of December 31, 2021 and June 30, 2021, the translation adjustment is inclusive of the effects of our net investment hedges, of which unrealized gains of $7,871 and $1,457, respectively, net of tax, have been included in accumulated other comprehensive loss.

(3) During the second quarter of fiscal year 2022, we identified an immaterial error and revised our previously reported results to increase the translation adjustments, net of hedges presented above by $9,027 for the six months ended December 31, 2021. Refer to Note 2 for additional details.