Booz Allen Hamilton Holding Corp
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 25, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
12. Accumulated Other Comprehensive Income / (Loss)
- Accumulated Other Comprehensive Income / (Loss)
All amounts recorded in other comprehensive income are related to the Company's post-retirement plans and interest rate swaps designated as cash flow hedges. The following table shows the changes in accumulated other comprehensive income, net of tax:
| Three Months Ended September 30, 2024 | Six Months Ended September 30, 2024 | |||||
|---|---|---|---|---|---|---|
| Post-retirement plans | Derivatives designated as cash flow hedges | Totals | Post-retirement plans | Derivatives designated as cash flow hedges | Totals | |
| Beginning of period | $2,087 | $5,316 | $7,403 | $1,976 | $7,556 | $9,532 |
| Other comprehensive loss before reclassifications(1) | — | (5,788) | (5,788) | — | (5,240) | (5,240) |
| Amounts reclassified from accumulated other comprehensive income (2) | 112 | (2,003) | (1,891) | 223 | (4,791) | (4,568) |
| Net current-period other comprehensive income (loss) | 112 | (7,791) | (7,679) | 223 | (10,031) | (9,808) |
| End of period | $2,199 | $(2,475) | $(276) | $2,199 | $(2,475) | $(276) |
(1) Changes in other comprehensive income / (loss) before reclassification for derivatives designated as cash flow hedges are recorded net of taxbenefit of $2.0 million and $1.8 million for the three and six months ended September 30, 2024, respectively. The tax impact of other comprehensive income before reclassification for post-retirement plans for the three and six months ended September 30, 2024 was immaterial.
(2)The reclassifications from accumulated other comprehensive income to net income for derivatives designated as cash flow hedges are recorded net of tax expense of $0.7 million and $1.7 million for thethree and six months ended September 30, 2024, respectively. The tax impact of reclassifications from accumulated other comprehensive loss to net income forpost-retirement plans for the three and six months ended September 30, 2024 was immaterial.
| Three Months Ended September 30, 2023 | Six Months Ended September 30, 2023 | |||||
|---|---|---|---|---|---|---|
| Post-retirement plans | Derivatives designated as cash flow hedges | Totals | Post-retirement plans | Derivatives designated as cash flow hedges | Totals | |
| Beginning of period | $19,067 | $13,624 | $32,691 | $19,450 | $9,883 | $29,333 |
| Other comprehensive income before reclassifications(3) | — | 2,344 | 2,344 | — | 8,700 | 8,700 |
| Amounts reclassified from accumulated other comprehensive income(4) | (383) | (2,760) | (3,143) | (766) | (5,375) | (6,141) |
| Net current-period other comprehensive (loss) income | (383) | (416) | (799) | (766) | 3,325 | 2,559 |
| End of period | $18,684 | $13,208 | $31,892 | $18,684 | $13,208 | $31,892 |
(3)Changes in other comprehensive income before reclassification for derivatives designated as cash flow hedges are recorded net of tax expense of $0.8 million and $3.1 million for the three and six months ended September 30, 2023, respectively.
(4)The reclassifications from accumulated other comprehensive income to net income for derivatives designated as cash flow hedges are recorded net of tax expense of $1.0 million and $1.9 million for thethree and six months ended September 30, 2023, respectively. The tax impact of reclassifications from accumulated other comprehensive income to net income forpost-retirement plans for the three and six months ended September 30, 2023 was immaterial.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.