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Fair Value Measurements (Tables)
12 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Financial instruments at fair value on recurring basis
As of June 30, 2020, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows: 
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Derivatives (1)
$

 
$
36

 
$

 
$
36

Total assets at fair value
$

 
$
36

 
$

 
$
36

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Derivatives (1)
$

 
$
2,139

 
$

 
$
2,139

Total liabilities at fair value
$

 
$
2,139

 
$

 
$
2,139


As of June 30, 2019, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Derivatives (1)
$

 
$
152

 
$

 
$
152

Total assets at fair value
$

 
$
152

 
$

 
$
152

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Derivatives (1)
$

 
$
55

 
$

 
$
55

Total liabilities at fair value
$

 
$
55

 
$

 
$
55

 
 (1) Currency and interest rate derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.
There have been no changes in classification and transfers between levels in the fair value hierarchy in the current period.