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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets

The fair values of outstanding derivative instruments are as follows:

												As of September 30, 2022												As of June 30, 2022
Instrument						Balance Sheet Location						Asset						Liability						Asset						Liability
Derivatives designated as hedges:
Cash flow hedge						Accounts payable and accrued liabilities						$	—					$	(4,637)					$	—					$	(892)
Total derivatives designated as hedges:												$	—					$	(4,637)					$	—					$	(892)
Derivatives not designated as hedges:
Deal-contingent forward contracts						Accounts payable and accrued liabilities						—						(125,331)						—						—
Non-contingent forward contract						Accounts payable and accrued liabilities						—						(26,203)						—						—
Cross currency swap contracts						Accounts payable and accrued liabilities						—						(29,927)						—						—
Total derivatives not designated as hedges:												$	—					$	(181,461)					$	—					$	—
Total derivatives												$	—					$	(186,098)					$	—					$	(892)

The effects of gains (losses) from derivative instruments on our Condensed Consolidated Statements of Income is as follows:

												Three Months Ended September 30,
Instrument						Income Statement Location						2022						2021
Derivatives designated as hedges:
Cash flow hedges						Operating expenses						$	(800)					$	390
Derivatives not designated as hedges:
Deal-contingent forward contract						Other income (expense), net						(125,331)						—
Non-contingent forward contract						Other income (expense), net						(26,203)						—
Cross currency swap contracts						Other income (expense), net						(29,927)						—
Total												$	(182,261)					$	390

Effects of Derivative Instruments on Income and Other Comprehensive Income (OCI)

The effects of the cash flow hedges on our Condensed Consolidated Statements of Comprehensive Income:

									Three Months Ended September 30,
			Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income Location						2022						2021
Gain (loss) recognized in OCI (loss) on derivatives (effective portion)			Unrealized gain (loss) on cash flow hedges						$	(4,546)					$	(1,477)
Gain (loss) reclassified from AOCI into income (effective portion)			Operating expenses						$	(800)					$	390

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- References

No definition available.

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- Definition

Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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- Definition

Tabular disclosure for fair value 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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