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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Dec. 31, 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)
December 31,
2016
 
June 30,
2016
Derivatives designated as hedging instruments
 
 
 
Other current assets - range forward contracts
$
1,590

 
$
323

Total derivatives designated as hedging instruments
1,590

 
323

Derivatives not designated as hedging instruments
 
 
 
Other current assets - currency forward contracts
953

 
11

Other current liabilities - currency forward contracts
(1,287
)
 
(763
)
Total derivatives not designated as hedging instruments
(334
)
 
(752
)
Total derivatives
$
1,256

 
$
(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 December 31,
 
Six Months Ended December 31,
(in thousands)
2016
 
2015
 
2016
 
2015
Other expense (income), net - currency forward contracts
$
(59
)
 
$
25

 
$
(377
)
 
$
8
Gains and losses related to cash flow hedges
The following represents gains and losses related to cash flow hedges:
 
Three Months Ended December 31,
 
Six Months Ended December 31,
(in thousands)
2016
 
2015
 
2016
 
2015
Gains (losses) recognized in other comprehensive loss, net
$
1,606

 
$
(239
)
 
$
1,481

 
$
277

Losses (gains) reclassified from accumulated other comprehensive loss into other expense (income), net
$
382

 
$
1,122

 
$
768

 
$
(336
)