| ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents the changes in accumulated other comprehensive loss (AOCL): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, | | Six Months Ended December 31, | | 2022 | | 2021 | | 2022 | | 2021 | | Foreign currency translation adjustments: | | | | | | | | | Other comprehensive income (loss) income before reclassifications | $ | 59,674 | | | $ | (2,143) | | | $ | (7,476) | | | $ | (24,948) | | | | | | | | | | | Deferred (losses) gains on cash flow hedging instruments: | | | | | | | | | | | | | | | | Amount of (loss) gain recognized in AOCL on derivatives (1) | (454) | | | 1,002 | | | 10,907 | | | 1,537 | | Amount of gain reclassified from AOCL into income (1) | (1,411) | | | (464) | | | (2,180) | | | (964) | | | Deferred (losses) gains on fair value hedging instruments: | | | | | | | | Amount of (loss) gain recognized in AOCL on derivatives (1) | (1,067) | | | — | | | 78 | | | — | | Amount of loss reclassified from AOCL into expense (1) | 1,588 | | | — | | | 240 | | | — | | | Deferred (losses) gains on net investment hedging instruments: | | | | | | | | | | | | | | | | Amount of (loss) gain recognized in AOCL on derivatives (1) | (4,359) | | | 1,460 | | | 309 | | | 3,370 | | Amount of gain reclassified from AOCL into income (1) | (373) | | | (111) | | | (742) | | | (214) | | | Net change in AOCL | $ | 53,598 | | | $ | (256) | | | $ | 1,136 | | | $ | (21,219) | |
(1)See Note 15, Derivatives and Hedging Activities, for the amounts reclassified into income for deferred gains (losses) on cash flow hedging instruments recorded in the Consolidated Statements of Operations in the three and six months ended December 31, 2022 and 2021.
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