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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivatives

(in thousands)			September 30, 2024						June 30, 2024
Derivatives designated as hedging instruments
Other current assets - range forward contracts			$	117					$	43
Total derivatives designated as hedging instruments			117						43
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts			$	13					$	48
Other current liabilities - currency forward contracts			(34)						(89)
Total derivatives not designated as hedging instruments			(21)						(41)
Total derivatives			$	96					$	2

(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 September 30,
(in thousands)			2024						2023
Other (income) expense, net - currency forward contracts			$	(14)					$	122

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

As of September 30, 2024, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of:

Instrument			Notional (CNY and EUR) in thousands)(2)			Notional (USD in thousands)(2)			Maturity
Foreign currency-denominated intercompany loan payable			¥	112,382		$	16,026		November 2024
Foreign currency-denominated intercompany loan payable			¥	110,797		$	15,800		February 2025
Foreign currency-denominated intercompany loan payable			¥	58,659		$	8,365		April 2025
Foreign currency-denominated intercompany loan payable			€	7,026		$	7,861		June 2025

(2) Includes principal and accrued interest.

Schedule of Cash Hedges

The following represents losses, net of tax, related to cash flow hedges:

			Three Months Ended September 30,
(in thousands)			2024						2023
Unrealized loss recognized in other comprehensive income			$	(84)					$	—

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 September 30, 2024 and 2023.

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Schedule of Cash Hedges

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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

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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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
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
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-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-SubTopic 10
-Topic 815
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC

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