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Debt (Tables)

6 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Components of Debt

The components of debt for the periods indicated were as follows ($000):

	December 31,				June 30,
	2018				2018
0.25% convertible senior notes	$	345,000			$	345,000
Convertible senior notes unamortized discount attributable to cash conversion option and debt issuance costs including initial purchaser discount		(50,155	)			(56,409	)
Term loan, interest at LIBOR, as defined, plus 1.75%		55,000				65,000
Line of credit, interest at LIBOR, as defined, plus 1.75%		125,000				80,000
Credit facility unamortized debt issuance costs		(943	)			(1,126	)
Yen denominated line of credit, interest at LIBOR, as defined, plus 1.75%		2,721				2,714
Note payable assumed in IPI acquisition		3,834				3,834
Total debt		480,457				439,013
Current portion of long-term debt		(20,000	)			(20,000	)
Long-term debt, less current portion	$	460,457			$	419,013

Summary of Total Interest Expense Recognized

The following tables set forth total interest expense recognized related to the Notes for the three and six months ended December 31, 2018 and 2017:

			Three Months Ended December 31, 2018				Six Months Ended  December 31, 2018
0.25% contractual coupon			$	221			$	441
Amortization of debt discount and debt issuance costs including    initial purchaser discount				3,145				6,255
Interest expense			$	3,366			$	6,696
			Three Months Ended December 31, 2017				Six Months Ended  December 31, 2017
0.25% contractual coupon			$	219			$	297
Amortization of debt discount and debt issuance costs including    initial purchaser discount				2,935				4,043
Interest expense			$	3,154			$	4,340

Remaining Annual Principal Payments of Credit Obligations

Remaining annual principal payments under the Company’s existing credit obligations from December 31, 2018 were as follows:

										U.S.
										Dollar
		Term				Yen Line				Line of				Note				Convertible
Period		Loan				of Credit				Credit				Payable				Notes				Total
Year 1		$	20,000			$	-			$	-			$	-			$	-			$	20,000
Year 2			20,000				2,721				-				3,834				-				26,555
Year 3			15,000				-				125,000				-				-				140,000
Year 4			-				-				-				-				345,000				345,000
Year 5			-				-				-				-				-				-
Total		$	55,000			$	2,721			$	125,000			$	3,834			$	345,000			$	531,555

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Interest expense disclosure.

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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