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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets

The fair values of outstanding derivative instruments are as follows:

									As of December 31, 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			$	—					$	(1,834)					$	—					$	(892)
Total derivatives designated as hedges:									$	—					$	(1,834)					$	—					$	(892)
Derivatives not designated as hedges:
Deal-contingent forward contracts						Prepaid expenses and other current assets			285						—						—						—
Non-contingent forward contract						Prepaid expenses and other current assets			6,563						—						—						—
Cross currency swap contracts						Accounts payable and accrued liabilities			—						(16,702)						—						—
Total derivatives not designated as hedges:									$	6,848					$	(16,702)					$	—					$	—
Total derivatives									$	6,848					$	(18,536)					$	—					$	(892)

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

												Three Months Ended December 31,												Six Months Ended December 31,
Instrument						Income Statement Location						2022						2021						2022						2021
Derivatives designated as hedges:
Cash flow hedges						Operating expenses						$	(1,498)					$	25					$	(2,298)					$	415
Derivatives not designated as hedges:
Deal-contingent forward contract						Other income (expense), net						125,616						—						285						—
Non-contingent forward contract						Other income (expense), net						32,766						—						6,563						—
Cross currency swap contracts						Other income (expense), net						13,225						—						(16,702)						—
Total												$	170,109					$	25					$	(12,152)					$	415

Schedule of 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 December 31,												Six Months Ended December 31,
			Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income Location						2022						2021						2022						2021
Gain (loss) recognized in OCI (loss) on derivatives (effective portion)			Unrealized gain (loss) on cash flow hedges						$	1,306					$	141					$	(3,240)					$	(1,336)
Gain (loss) reclassified from AOCI into income (effective portion)			Operating expenses						$	(1,498)					$	25					$	(2,298)					$	415

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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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