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Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments

The following table presents our assets and liabilities related to derivative instruments on a gross basis within the condensed consolidated balance sheets (in thousands):

			March 31, 2025						June 30, 2024						Balance Sheet Caption
Derivative Assets
Designated as Hedging Instruments
Foreign cross-currency swaps – Fair Value Hedge			$	—					$	—					Prepaid taxes and other non-current assets
Foreign cross-currency swaps – Net Investment Hedge			—						—						Prepaid taxes and other non-current assets
Not Designated as Hedging Instruments
Foreign currency hedging instruments			9,902						2,343						Prepaid taxes and other non-current assets
Foreign currency hedging instruments			—						89						Prepaid taxes and other non-current assets
Total derivative assets			$	9,902					$	2,432
Derivative Liabilities
Designated as Hedging Instruments
Foreign cross-currency swaps – Fair Value Hedge			$	11,246					$	10,472					Other long-term liabilities
Foreign cross-currency swaps – Net Investment Hedge			25,379						21,270						Other long-term liabilities
Not Designated as Hedging Instruments
Foreign currency hedging instruments			11,164						4,654						Accrued expenses
Foreign currency hedging instruments			—						142						Other long-term liabilities
Total derivative liabilities			$	47,789					$	36,538

Schedule of Derivative Gains (Losses)

We recognized the following gains (losses) on the foreign cross currency swaps designated as fair value hedges (in thousands):

			Three Months Ended March 31,												Nine Months Ended March 31,
			2025						2024						2025						2024
Gain (loss) recognized in other comprehensive income (loss)			$	(360)					$	539					$	1,727					$	3,129
Gain (loss) recognized on cross-currency swap in interest (expense) income, net (amount excluded from effectiveness testing)			$	1,117					$	934					$	3,319					$	2,995
Gain (loss) recognized on cross-currency swap in other, net			$	(12,442)					$	7,113					$	(2,500)					$	3,381
Gain (loss) recognized on intercompany debt in other, net			$	12,442					$	(7,113)					$	2,500					$	(3,381)

We recognized the following gains (losses) on the foreign cross currency swaps designated as net investment hedges (in thousands):

			Three Months Ended March 31,												Nine Months Ended March 31,
			2025						2024						2025						2024
Gain (loss) recognized in cumulative translation adjustment within other comprehensive income (loss)			$	(30,442)					$	17,909					$	(4,108)					$	13,517
Gain (loss) recognized from the excluded components in interest (expense) income, net			$	2,859					$	2,417					$	8,511					$	7,722

We recognized the following gains (losses) in the condensed consolidated statement of operations on derivatives not designated as hedging instruments (in thousands):

			Three Months Ended March 31,												Nine Months Ended March 31,
			2025						2024						2025						2024
Gain (loss) recognized on foreign currency hedging instruments in other, net			$	5,207					$	(23,264)					$	1,761					$	(7,684)
Gain (loss) recognized on other foreign-currency-denominated transactions in other, net			(9,329)						20,207						(7,907)						6,418
Total			$	(4,122)					$	(3,057)					$	(6,146)					$	(1,266)

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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