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Derivatives (Tables)

9 Months Ended

Mar. 31, 2020

Derivatives

Schedule of significant outstanding derivatives employed to manage market risk and designated as cash flow hedges

Outstanding derivatives that are designated and effective as cash flow hedges as of March 31, 2020, were:

				Notional					Asset (Liability)
				Amount at					fair value as of
				March 31,			Consolidated		March 31,			June 30,
Instrument		Hedge		2020			Balance Sheet		2020			2019
Options		Brazilian Real calls		R$	135,000		(1)		$	83		$	413
Options		Brazilian Real puts		R$	135,000		(1)		$	(3,586)		$	(30)
Swap		Interest rate swap		$	300,000		Other liabilities		$	(7,090)		$	(977)

(1) We record the net fair values of our outstanding foreign currency option contracts within the respective balance sheet line item based on the net financial position and maturity date of the individual contracts as of the balance sheet date. As of March 31, 2020, other current liabilities and other liabilities included net fair values of $1,871 and $1,632,  respectively. As of June 30, 2019, other current assets included net fair values of  $383.

Schedule of consolidated statements of operations and other comprehensive income

The following tables show the effects of derivatives on the consolidated statements of operations and other comprehensive income for the three and nine months ended March 31, 2020 and 2019.

																		Consolidated Statement
										Gain (Loss) recognized in consolidated								of Operations Line
For the Three Months Ended March 31				Gain (Loss) recorded in OCI						statements of operations								Item Total
										Consolidated
										Statement of
Instrument		Hedge		2020			2019			Operations		2020			2019			2020			2019
Options		Brazilian Real calls		$	(3,945)		$	(30)		Cost of goods sold		$	(8)		$	(5)		$	141,188		$	140,864
Swap		Interest rate swap		$	(6,050)		$	(1,434)		Interest expense, net		$	59		$	247		$	3,263		$	2,931

																		Consolidated Statement
										Gain (Loss) recognized in								of Operations Line
For the Nine Months Ended March 31				Gain (Loss) recorded in OCI						consolidated statements of operations								Item Total
										Consolidated
										Statement
Instrument		Hedge		2020			2019			of Operations		2020			2019			2020			2019
Options		Brazilian Real calls		$	(3,886)		$	374		Cost of goods sold		$	(116)		$	1,079		$	418,153		$	424,791
Swap		Interest rate swap		$	(6,113)		$	(3,540)		Interest expense, net		$	228		$	523		$	10,049		$	8,729

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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