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Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair value of derivatives |
(in thousands) | March 31, 2024 |  | June 30, 2023
Derivatives designated as hedging instruments |  |  |
Other current assets - range forward contracts | $ | 126 |  |  | $ | — |
Total derivatives designated as hedging instruments | 126 |  |  | — |
Derivatives not designated as hedging instruments |  |  |
Other current assets - currency forward contracts | $ | 3 |  |  | $ | 68 |
Other current liabilities - currency forward contracts | (10) |  |  | (100) |
Total derivatives not designated as hedging instruments | (7) |  |  | (32) |
Total derivatives | $ | 119 |  |  | $ | (32) |
(Gains) losses related to derivatives not designated as hedging instruments | 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) | 2024 |  | 2023 |  | 2024 |  | 2023
Other (income) expense, net - currency forward contracts | $ | 14 |  |  | $ | 56 |  |  | $ | 43 |  |  | $ | (447) |
Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location | As of March 31, 2024, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of:
Instrument | Notional (EUR and CNY in thousands)(2) | Notional (USD in thousands)(2) | Maturity
Foreign currency-denominated intercompany loan payable | € | 10,147 |  | $ | 10,967 |  | June 2024
Foreign currency-denominated intercompany loan payable | € | 11,007 |  | $ | 11,897 |  | June 2024
Foreign currency-denominated intercompany loan payable | ¥ | 110,710 |  | $ | 15,316 |  | November 2024
Foreign currency-denominated intercompany loan payable | ¥ | 109,136 |  | $ | 15,098 |  | February 2025
(2) Includes principal and accrued interest.
Schedule of Cash Hedges | The following represents gains (losses), net of tax, related to cash flow hedges:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Unrealized gain (loss) recognized in other comprehensive income | $ | 16 |  |  | $ | — |  |  | $ | (43) |  |  | $ | — |
No portion of the gains or losses recognized in earnings was due to ineffectiveness and no amounts were excluded from our effectiveness testing for the three months ended March 31, 2024 and 2023.

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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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
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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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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