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Derivative Instruments And Hedging Activities | 9 Months Ended
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Mar. 31, 2018
Derivative Instruments And Hedging Activities [Abstract] |
Derivative Instruments And Hedging Activities | (14) Derivative Instruments and Hedging Activities ﻿ We transact business in various foreign currencies, including a number of major European currencies as well as the Australian and Singapore dollars. We have significant foreign currency exposure through both our Australian and Singapore manufacturing activities, and international sales operations. We have established a foreign currency hedging program using purchased currency options and forward contracts to hedge foreign-currency-denominated financial assets, liabilities and manufacturing cash flows. The terms of such foreign currency hedging contracts generally do not exceed three years. The goal of this hedging program is to economically manage the financial impact of foreign currency exposures denominated mainly in Euros, and Australian and Singapore dollars. Under this program, increases or decreases in our foreign currency denominated financial assets, liabilities, and firm commitments are partially offset by gains and losses on the hedging instruments. We do not designate these foreign currency contracts as hedges. We have determined our hedge program to be a non-effective hedge as defined under the FASB-issued authoritative guidance. All movements in the fair value of the foreign currency instruments are recorded within other income, net in our condensed consolidated statements of income. We do not enter into financial instruments for trading or speculative purposes. ﻿ We held foreign currency instruments with notional amounts totaling $601.8 million and $568.2 million at March 31, 2018 and June 30, 2017, respectively, to hedge foreign currency fluctuations. These contracts mature at various dates prior to December 31, 20 19. ﻿ The following table summarizes the amount and location of our derivative financial instruments as of March 31, 2018 and June 30, 2017 (in thousands):
﻿ |  |  |  |  |  |  |  |
﻿ |  | March 31, 2018 |  | June 30, 2017 | Balance Sheet Caption
﻿Foreign currency hedging instruments |  | $ | 980 |  | $ | 2,614 |  | Other assets - current
﻿Foreign currency hedging instruments |  |  | - |  |  | 1,273 |  | Other assets - non current
﻿Foreign currency hedging instruments |  |  | (2,766) |  |  | (1,127) |  | Accrued expenses
﻿ |  | $ | (1,786) |  | $ | 2,760 |  |
﻿ The following table summarizes the amount and location of gains (losses) associated with our derivative financial instruments for the nine months ended March 31, 2018 and March 31, 2017, respectively (in thousands):
﻿ |  |  |  |  |  |  |  |
﻿ |  | Gain /(Loss) Recognized | Income Statement Caption
﻿ |  | Nine Months Ended March 31, |  |
﻿ |  | 2018 |  | 2017 |  |
﻿Foreign currency hedging instruments |  | $ | (10,013) |  | $ | 1,812 |  | Other, net
﻿Other foreign-currency-denominated transactions |  |  | 7,308 |  |  | 3,622 |  | Other, net
﻿ |  | $ | (2,705) |  | $ | 5,434 |  |
﻿ We are exposed to credit-related losses in the event of non-performance by counter parties to financial instruments. We minimize counterparty credit risk by entering into derivative transactions with major financial institutions and we do not expect material losses as a result of default by our counterparties.

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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- References No definition available. + Details
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