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Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Mar. 31, 2021

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)			March 31, 2021						June 30, 2020
Derivatives designated as hedging instruments
Other current assets - range forward contracts			$	—					$	4
Other assets - forward starting interest rate swap contracts			—						20
Other liabilities - forward starting interest rate swap contracts			—						(2,094)
Total derivatives designated as hedging instruments			—						(2,070)
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts			171						12
Other current liabilities - currency forward contracts			(216)						(45)
Total derivatives not designated as hedging instruments			(45)						(33)
Total derivatives			$	(45)					$	(2,103)

(Gains) losses related to derivatives not designated as hedging instruments

Losses related to derivatives not designated as hedging instruments have been recognized as follows:

			Three Months Ended March 31,												Nine Months Ended March 31,
(in thousands)			2021						2020						2021						2020
Other income, net - currency forward contracts			$	1,428					$	220					$	20					$	231

Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location

As of March 31, 2021, 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			€45,010			$52,772			June 25, 2021
Foreign currency-denominated intercompany loan payable			16,330			19,146			June 26, 2022

(2) Includes principal and accrued interest.

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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- Definition

Tabular disclosure for net investment hedges 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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- Definition

Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4CC
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL109998890-113959

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