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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Mar. 31, 2025

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 March 31, 2025												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						$	—					$	(2,103)					$	—					$	(828)
Net investment hedge						Prepaid expenses and other current assets (Accounts payable and accrued liabilities)						378						(90,235)						654						(88,186)
Total derivatives designated as hedges												378						(92,338)						654						(89,014)
Derivatives not designated as hedges:
Cross currency swap contracts						Prepaid expenses and other current assets (Accounts payable and accrued liabilities)						567						(59,442)						1,473						(70,220)
Total derivatives not designated as hedges												567						(59,442)						1,473						(70,220)
Total derivatives												$	945					$	(151,780)					$	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 March 31,												Nine Months Ended March 31,
Instrument						Income Statement Location						2025						2024						2025						2024
Derivatives designated as hedges:
Cash flow hedge						Operating expenses						$	(1,865)					$	(160)					$	(3,595)					$	(618)
Net investment hedge						Interest and other related expense, net						1,204						920						3,050						2,735
Derivatives not designated as hedges:
Cross currency swap contracts						Other income (expense), net						(20,216)						16,671						398						(3,551)
Cross currency swap contracts						Interest and other related expense, net						905						854						2,617						2,540
Total												$	(19,972)					$	18,285					$	2,470					$	1,106

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 March 31,												Nine Months Ended March 31,
									2025						2024						2025						2024
Gain (loss) recognized in OCI (loss) on cash flow hedge (effective portion)			Unrealized gain (loss) on cash flow hedge						$	(63)					$	(2,223)					$	(4,871)					$	(2,657)
Gain (loss) recognized in OCI (loss) on net investment hedge (effective portion)			Net foreign currency translation adjustment						$	(18,525)					$	15,096					$	(2,049)					$	(10,919)
Gain (loss) reclassified from AOCI into income (effective portion) - cash flow hedge			Operating expenses						$	(1,865)					$	(160)					$	(3,595)					$	(618)
Gain (loss) reclassified from AOCI into income (excluded from effectiveness testing) - net investment hedge			Interest and other related expense, net						$	561					$	561					$	1,683					$	1,683

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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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