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Derivatives | 12 Months Ended
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Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives | 13. Derivatives ​ We monitor our exposure to commodity prices, interest rates and foreign currency exchange rates, and use derivatives to manage certain of these risks. These derivatives generally have an expiration/maturity of two years or less and are intended to hedge cash flows related to the purchase of inventory. We designate derivatives as a hedge of a forecasted transaction or of the variability of the cash flows to be received or paid in the future related to a recognized asset or liability (cash flow hedge). We record the portion of the changes in the value of the derivative, related to a hedged asset or liability (the effective portion), in accumulated other comprehensive income (loss). As the hedged item is sold, we recognize the gain or loss recorded in accumulated other comprehensive income (loss) to the consolidated statements of operations on the same line where the hedged item is charged when released/sold. We immediately recognize in the consolidated statements of operations in the same line as the hedged item, the portion of the changes in fair value of derivatives used as cash flow hedges that is not offset by changes in the expected cash flows related to a recognized asset or liability (the ineffective portion). We routinely assess whether the derivatives used to hedge transactions are effective. If we determine a derivative ceases to be an effective hedge, we discontinue hedge accounting in the period of the assessment, and immediately recognize any unrealized gains or losses related to the fair value of that derivative in the consolidated statements of operations. We record derivatives at fair value in the consolidated balance sheets. For additional details regarding fair value, see “—Fair Value Measurements.” At June 30, 2015, the following table details the Company’s outstanding derivatives that are designated and effective as cash flow hedges:
Instrument | ​ | ​ | Hedge | ​ | ​ | Notional amount at June 30, 2015 | ​ | ​ | Fair value as of June 30, | ​
​ | 2015 | ​ | ​ | 2014 | ​
Options | ​ | ​ | Brazilian Real calls | ​ | ​ | R$ 136,500​ | ​ | ​ | ​ | $ | 493 | ​ | ​ | ​ | ​ | $ | 432 | ​ | ​
Options | ​ | ​ | Brazilian Real puts | ​ | ​ | (R$ 136,500)​ | ​ | ​ | ​ | ​ | (2,035) | ​ | ​ | ​ | ​ | ​ | (46) | ​ | ​
The unrecognized gains (losses) at June 30, 2015, are unrealized and will fluctuate based on future exchange rates until the derivative contracts mature. All derivative contracts that matured during 2015, 2014 and 2013 had no value at maturity and no gains (losses) were realized. Of the $(1,542) of unrecognized gain (losses) on derivative instruments included in accumulated other comprehensive income (loss) at June 30, 2015, we anticipate that $(300) of the current fair value will be recognized in earnings within the next twelve months. We recognize gains (losses) related to these derivative instruments as a component of cost of goods sold at the time the hedged item is sold. We hedge forecasted transactions for periods not exceeding twenty-four months.

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