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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets

The effect of these derivative instruments on our Consolidated Financial Statements for the periods indicated below were as follows (amounts presented do not include any income tax effects).

Fair Value of Derivative Instruments in the Consolidated Balance Sheets (see Note 16 “Fair Value Measurement”)

									As of June 30, 2023												As of June 30, 2022
Instrument						Balance Sheet Location			Asset						Liability						Asset						Liability
Derivatives designated as hedges:
Cash flow hedge						Prepaid expenses and other current assets (Accounts payable and accrued liabilities)			$	1,530					$	—					$	—					$	(892)
Net investment hedge						Prepaid expenses and other current assets (Accounts payable and accrued liabilities)			596						(87,855)						—						—
Total derivatives designated as hedges:									$	2,126					$	(87,855)					$	—					$	(892)
Derivatives not designated as hedges:
Cross currency swap contracts						Prepaid expenses and other current assets (Accounts payable and accrued liabilities)			1,421						(73,336)						—						—
Total derivatives not designated as hedges:									$	1,421					$	(73,336)					$	—					$	—
Total derivatives									$	3,547					$	(161,191)					$	—					$	(892)

Effects of Derivative Instruments on Income (Loss)

												Year Ended June 30,
Instrument						Income Statement Location						2023						2022						2021
Derivatives designated as hedges:
Cash flow hedge						Operating expenses						$	(3,702)					$	(507)					$	4,462
Net investment hedge						Interest and other related expense, net						1,344						—						—
Derivatives not designated as hedges:
Deal-contingent forward contract						Other income (expense), net						9,354						—						—
Non-contingent forward contract						Other income (expense), net						9,052						—						—
Cross currency swap contracts						Other income (expense), net						(9,779)						—						—
Cross currency swap contracts						Interest and other related expense, net						1,421						—						—
Total												$	7,690					$	(507)					$	4,462

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

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

									Year Ended June 30,
			Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Location						2023						2022						2021
Gain (loss) recognized in OCI (loss) on cash flow hedge (effective portion)			Unrealized gain (loss) on cash flow hedge						$	(1,280)					$	(2,530)					$	5,778
Gain (loss) recognized in OCI (loss) on net investment hedge (effective portion)			Net foreign currency translation adjustment						$	(32,347)					$	—					$	—
Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge			Operating expenses						$	(3,702)					$	(507)					$	4,462
Gain (loss) reclassified from AOCI into income (excluded from effectiveness testing) - net investment hedge			Interest and other related expense, net						$	748					$	—					$	—

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

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

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