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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

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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- 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
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-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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