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Stockholders' Equity
 12 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY

Preferred Stock

The Company is authorized to issue “blank check” preferred stock of up to 5,000 shares with such designations, rights and preferences as may be determined from time to time by the Board of Directors. Accordingly, the Board of Directors is empowered to issue, without stockholder approval, preferred stock with dividends, liquidation, conversion, voting or other rights which could decrease the amount of earnings and assets available for distribution to holders of the Company’s Common Stock. At June 30, 2019 and 2018, no preferred stock was issued or outstanding.

Accumulated Other Comprehensive Income (Loss)

The following table presents the changes in accumulated other comprehensive income (loss):
 
Fiscal Year Ended June 30,
 
2019
 
2018
Foreign currency translation adjustments:
 
 
 
Other comprehensive (loss) income before reclassifications (1)
$
(41,180
)
 
$
11,497

Deferred gains/(losses) on cash flow hedging instruments:
 
 
 
Other comprehensive income before reclassifications
94

 
39

Amounts reclassified into income (2)
(26
)
 
(106
)
Unrealized gain on equity investment:
 
 
 
Other comprehensive loss before reclassifications
—

 
(191
)
Other comprehensive (loss) income
$
(41,112
)
 
$
11,239


(1)
Foreign currency translation adjustments included intra-entity foreign currency transactions that were of a long-term investment nature and were a loss of $619 and a gain of $493 for the fiscal years ended June 30, 2019 and 2018, 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 Operations and, before taxes, were $32 and $132 for the fiscal years ended June 30, 2019 and 2018, respectively.