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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
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Dec. 31, 2024
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, 2024 |  | As of June 30, 2024
Instrument |  | Balance Sheet Location |  | Asset |  | Liability |  | Asset |  | Liability
Derivatives designated as hedges: |  |  |  |  |  |  |  |  |  |
Cash flow hedge |  | Accounts payable and accrued liabilities |  | $ | — |  |  | $ | (3,905) |  |  | $ | — |  |  | $ | (828) |
Net investment hedge |  | Prepaid expenses and other current assets (Accounts payable and accrued liabilities) |  | 610 |  |  | (71,710) |  |  | 654 |  |  | (88,186) |
Total derivatives designated as hedges |  |  |  | 610 |  |  | (75,615) |  |  | 654 |  |  | (89,014) |
Derivatives not designated as hedges: |  |  |  |  |  |  |  |  |  |
Cross currency swap contracts |  | Prepaid expenses and other current assets (Accounts payable and accrued liabilities) |  | 1,434 |  |  | (49,606) |  |  | 1,473 |  |  | (70,220) |
Total derivatives not designated as hedges |  |  |  | 1,434 |  |  | (49,606) |  |  | 1,473 |  |  | (70,220) |
Total derivatives |  |  |  | $ | 2,044 |  |  | $ | (125,221) |  |  | $ | 2,127 |  |  | $ | (159,234) |
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 |  | 2024 |  | 2023 |  | 2024 |  | 2023
Derivatives designated as hedges: |  |  |  |  |  |  |  |  |  |
Cash flow hedge |  | Operating expenses |  | $ | (1,374) |  |  | $ | (446) |  |  | $ | (1,730) |  |  | $ | (458) |
Net investment hedge |  | Interest and other related expense, net |  | 1,119 |  |  | 893 |  |  | 1,846 |  |  | 1,815 |
Derivatives not designated as hedges: |  |  |  |  |  |  |  |  |  |
Cross currency swap contracts |  | Other income (expense), net |  | 45,549 |  |  | (38,117) |  |  | 20,614 |  |  | (20,222) |
Cross currency swap contracts |  | Interest and other related expense, net |  | 1,031 |  |  | 830 |  |  | 1,712 |  |  | 1,686 |
Total |  |  |  | $ | 46,325 |  |  | $ | (36,840) |  |  | $ | 22,442 |  |  | $ | (17,179) |
Schedule of Effects of Derivative Instruments on Income and Other Comprehensive Income (OCI) | The effects of the cash flow and net investment hedges on our Condensed Consolidated Statements of Comprehensive Income:
| Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income Location |  | Three Months Ended December 31, |  | Six Months Ended December 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Gain (loss) recognized in OCI (loss) on cash flow hedge (effective portion) | Unrealized gain (loss) on cash flow hedge |  | $ | (5,698) |  |  | $ | 2,071 |  |  | $ | (4,808) |  |  | $ | (434) |
Gain (loss) recognized in OCI (loss) on net investment hedge (effective portion) | Net foreign currency translation adjustment |  | $ | 42,553 |  |  | $ | (43,122) |  |  | $ | 16,476 |  |  | $ | (26,015) |
Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge | Operating expenses |  | $ | (1,374) |  |  | $ | (446) |  |  | $ | (1,730) |  |  | $ | (458) |
Gain (loss) reclassified from AOCI into income (excluded from effectiveness testing) - net investment hedge | Interest and other related expense, net |  | $ | 561 |  |  | $ | 561 |  |  | $ | 1,122 |  |  | $ | 1,122 |

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