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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivatives
The fair value of derivatives designated and not designated as hedging instruments in the condensed consolidated balance sheet are as follows:
(in thousands)
September 30,
2016
 
June 30,
2016
Derivatives designated as hedging instruments
 
 
 
Other current assets - range forward contracts
$
239

 
$
323

Other current liabilities - range forward contracts
(5
)
 

Other assets - range forward contracts
35

 

Total derivatives designated as hedging instruments
269

 
323

Derivatives not designated as hedging instruments
 
 
 
Other current assets - currency forward contracts
120

 
11

Other current liabilities - currency forward contracts
(513
)
 
(763
)
Total derivatives not designated as hedging instruments
(393
)
 
(752
)
Total derivatives
$
(124
)
 
$
(429
)
(Gains) losses related to derivatives not designated as hedging instruments
Gains related to derivatives not designated as hedging instruments have been recognized as follows:
 
Three Months Ended September 30,
(in thousands)
2016
 
2015
Other expense, net - currency forward contracts
$
(318
)
 
$
(17
)
Gains and losses related to cash flow hedges
The following represents gains and losses related to cash flow hedges:
 
Three Months Ended September 30,
(in thousands)
2016
 
2015
(Losses) gains recognized in other comprehensive loss, net
$
(125
)
 
$
516

Losses (gains) reclassified from accumulated other comprehensive loss into other expense, net
$
386

 
$
(1,458
)