Company: MRCY
Filing Date: 2025-08-11
Form Type: 10-K
Source: 0001049521-25-000024
Chunk: 108

Company: MERCURY SYSTEMS INC
Filing Date: 2025-08-11
Form: 10-K
Item: Item 8
Chunk 108
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4,666), $(833), and $5,856 for the fiscal years ended June 27, 2025, June 28, 2024, and June 30, 2023, respectively. Also included are $(20), $380 and $300 of foreign currency translation adjustments for the fiscal years ended June 27, 2025, June 28, 2024 and June 30, 2023, respectively, and pension benefit plan adjustments totaled $(1,809), $(1,383) and $142 for the fiscal years ended June 27, 2025, June 28, 2024 and June 30, 2023, respectively.

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A summary of the change in component of Accumulated other comprehensive income, net of tax is provided below:Foreign currency translation adjustments, net of taxDeferred compensation and pension benefit plan, net of taxChange in fair of derivative instruments, net of taxAccumulated Other Comprehensive IncomeBalance at July 1, 2022$1,051 $4,480 $— $5,531 Other comprehensive income, net of tax300 142 5,856 6,298 Balance at June 30, 20231,351 4,622 5,856 11,829 Other comprehensive income (loss), net of tax380 (1,383)(833)(1,836)Balance at June 28, 20241,731 3,239 5,023 9,993 Other comprehensive loss, net of tax(20)(1,809)(4,666)(6,495)Balance at June 27, 2025$1,711 $1,430 $357 $3,498 FOREIGN CURRENCYLocal currencies are the functional currency for the Company’s subsidiaries in Switzerland, the United Kingdom, and Spain. The accounts of foreign subsidiaries are translated using exchange rates in effect at period-end for assets and liabilities and at average exchange rates during the period for results of operations. The related translation adjustments are reported in accumulated other comprehensive income in shareholders’ equity. Gains (losses) resulting from non-U.S. currency transactions are included in Other expense, net in the Consolidated Statements of Operations and Comprehensive Loss and were immaterial for all periods presented.RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In December 2023, the FASB issued ASU No. 2023-09, Improvement to Income Tax Disc