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Derivatives (Tables)

9 Months Ended

Mar. 31, 2022

Derivatives

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

​

​	​	​	​	​	​	​
​	​	March 31,		​	June 30,
As of		2022			2021
Other current assets		​			​
Brazil Real options, net	​	$	1,321	​	$	—
Interest rate swaps	​		3,459	​		—
Other assets	​	​	​	​	​	​
Brazil Real options, net	​	​	535	​	​	355
Interest rate swaps	​	​	14,025	​	​	2,341
Accrued expense and other current liabilities	​			​
Brazil Real options, net	​		—	​		(150)
Interest rate swaps	​		(391)	​		(3,336)
Total Fair Value	​		​	​
Brazil Real options, net	​		1,856	​		205
Interest rate swaps	​		17,093	​		(995)

​

Notional amounts of the derivatives as of the balance sheet date were:

​

​	​	​	​
​	​	March 31,
As of		2022
Brazil Real call options	​	R$	94,000
Brazil Real put options		R$	94,000
Interest rate swaps	​	$	300,000

​

The consolidated statements of operations and statements of other comprehensive income (“OCI”) for the periods ended March 31, 2022 and 2021 included the effects of derivatives as follows:

​	​	​	​	​	​	​	​	​	​	​	​	​
​		Three Months						Nine Months
For the Periods Ended March 31	​	2022			2021			2022			2021
Brazil Real options, net		​			​		​	​			​
Expense recorded in consolidated statement of operations	​	$	155	​	$	384	​	$	682	​	$	521
Consolidated statement of operations - total cost of goods sold	​	$	167,993	​	$	142,564	​	$	480,020	​	$	411,523
(Income) expense recorded in OCI	​	$	(2,058)	​	$	836	​	$	(1,651)	​	$	(1,495)
Interest rate swaps	​		​	​		​	​		​	​		​
Expense recorded in consolidated statements of operations	​	$	814	​	$	825	​	$	2,556	​	$	2,466
Consolidated statement of operations - total interest expense, net	​	$	2,925	​	$	2,933	​	$	8,767	​	$	8,957
(Income) recorded in OCI	​	$	(12,900)	​	$	(6,585)	​	$	(18,088)	​	$	(9,072)

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- References

No definition available.

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X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

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