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Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Dec. 31, 2017

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, 2017				June 30, 2017
Derivatives designated as hedging instruments
Other current assets - range forward contracts	$	25			$	1
Other current liabilities - range forward contracts	(1,224		)		(671		)
Other assets - range forward contracts	3				—
Other liabilities - range forward contracts	(6		)		(101		)
Total derivatives designated as hedging instruments	(1,202		)		(771		)
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts	184				358
Other current liabilities - currency forward contracts	(23		)		(138		)
Total derivatives not designated as hedging instruments	161				220
Total derivatives	$	(1,041	)		$	(551	)

(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)	2017				2016				2017				2016
Other expense, net - currency forward contracts	$	(92	)		$	(59	)		$	(208	)		$	(377	)

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)	2017				2016				2017				2016
(Losses) gains recognized in other comprehensive loss, net	$	(287	)		$	1,606			$	(906	)		$	1,481
Losses reclassified from accumulated other comprehensive loss into other expense, net	$	870			$	382			$	1,262			$	768

Net investment hedges

As of December 31, 2017, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of:

Instrument	Notional (EUR in thousands)(2)			Notional (USD in thousands)(2)			Maturity
Foreign currency-denominated intercompany loan payable	€	26,929		$	32,279		June 26, 2022
Foreign currency-denominated intercompany loan payable	8,667			10,388			November 20, 2018
Foreign currency-denominated intercompany loan payable	2,004			2,402			October 11, 2019

⁽²⁾ Includes principal and accrued interest.

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- References

No definition available.

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Tabular disclosure for cash flow hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

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- Definition

Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in net investment hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

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- Definition

Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

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