| Accumulated Other Comprehensive Income (Loss) |
Accumulated Other Comprehensive Income (Loss) The changes in AOCI by component, net of tax, for the years ended June 30, 2025, 2024, and 2023 were as follows ($000): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign
Currency
Translation
Adjustment | | Interest
Rate
Instruments | | Defined
Benefit
Pension Plan | | Total
Accumulated Other
Comprehensive
Income (Loss) | | AOCI - June 30, 2022 | | $ | (34,572) | | | $ | 26,041 | | | $ | 6,364 | | | $ | (2,167) | | | Other comprehensive income (loss) before reclassifications | | 87,927 | | | 49,372 | | | (5,326) | | | 131,973 | | | Amounts reclassified from AOCI | | — | | | (19,301) | | | (779) | | | (20,080) | | | Net current-period other comprehensive income (loss) | | 87,927 | | | 30,071 | | | (6,105) | | | 111,893 | | | AOCI - June 30, 2023 | | $ | 53,355 | | | $ | 56,112 | | | $ | 259 | | | $ | 109,726 | | | Other comprehensive income (loss) before reclassifications | | (82,318) | | | 24,948 | | | (6,708) | | | (64,077) | | | Amounts reclassified from AOCI | | — | | | (45,144) | | | (735) | | | (45,880) | | | Net current-period other comprehensive income (loss) | | (82,318) | | | (20,196) | | | (7,443) | | | (109,957) | | | AOCI - Reclass related to noncontrolling interests | | 2,871 | | | — | | | — | | | 2,871 | | | AOCI - June 30, 2024 | | $ | (26,092) | | | $ | 35,916 | | | $ | (7,184) | | | $ | 2,640 | | | Other comprehensive income (loss) before reclassifications | | 409,069 | | | 499 | | | (6,064) | | | 403,505 | | | Amounts reclassified from AOCI | | — | | | (32,397) | | | (287) | | | (32,685) | | | Net current-period other comprehensive income (loss) | | 409,069 | | | (31,898) | | | (6,351) | | | 370,820 | | | AOCI - Reclass related to noncontrolling interests | | (1,423) | | | — | | | — | | | (1,423) | | | AOCI - June 30, 2025 | | $ | 381,554 | | | $ | 4,018 | | | $ | (13,535) | | | $ | 372,037 | |
The Company uses a portfolio approach to release the income tax effects in AOCI related to interest rate instruments and pension and postretirement benefits. Under this approach, the income tax effects are released from AOCI based on the pre-tax adjustments to interest rate instruments and pension liabilities or assets recognized within AOCI. Any tax effects remaining in AOCI are released only when the entire portfolio of the interest rate instruments or pension and postretirement benefits is liquidated, sold or extinguished.
|