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Derivative Financial Instruments (Tables)
 9 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Our interest rate swap contracts have varying start and maturity dates through April 2028.
Interest rate swap contracts outstanding:Notional Amounts
Contracts accruing interest as of March 31, 2025 (1)
$215,000 
Contracts with a future start date380,000 
Total$595,000 
________________________
(1) Based on contracts outstanding as of March 31, 2025, the notional value of our contracted interest rate swaps accruing interest will fluctuate between $215,000 and $380,000 through April 2028 based on layered start dates and maturities.
Schedule of Notional Amounts of Outstanding Derivative Positions
As of March 31, 2025, we had the following outstanding currency derivative contracts that were not designated for hedge accounting and were primarily used to hedge fluctuations in the U.S. dollar value of forecasted transactions or balances denominated in Australian Dollar, Canadian Dollar, Czech Koruna, Danish Krone, Euro, GBP, Indian Rupee, Mexican Peso, New Zealand Dollar, Norwegian Krone, Philippine Peso, Swiss Franc and Swedish Krona:
Notional AmountEffective DateMaturity DateNumber of InstrumentsIndex
$777,298June 2023 through March 2025Various dates through June 2027632Various
Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of our derivative financial instruments as well as their classification on the balance sheet as of March 31, 2025 and June 30, 2024. Our derivative asset and liability balances fluctuate with interest rate and currency exchange rate volatility.
March 31, 2025
Asset DerivativesLiability Derivatives
Balance Sheet line itemGross amounts of recognized assetsGross amount offset in Consolidated Balance SheetNet amountBalance Sheet line itemGross amounts of recognized liabilitiesGross amount offset in Consolidated Balance SheetNet amount
Derivatives designated as hedging instruments
Derivatives in cash flow hedging relationships
Interest rate swapsOther current assets / other assets$12,409 $— $12,409 Other current liabilities / other liabilities$— $— $— 
Derivatives in net investment hedging relationships
Cross-currency swapOther assets— — — Other liabilities(8,558)— (8,558)
Total derivatives designated as hedging instruments$12,409 $— $12,409 $(8,558)$— $(8,558)
Derivatives not designated as hedging instruments
Currency forward contractsOther current assets / other assets$2,537 $(1,189)$1,348 Other current liabilities / other liabilities$(7,300)$1,835 $(5,465)
Currency option contractsOther current assets / other assets— — — Other current liabilities / other liabilities(2,200)298 (1,902)
Total derivatives not designated as hedging instruments$2,537 $(1,189)$1,348 $(9,500)$2,133 $(7,367)
June 30, 2024
Asset DerivativesLiability Derivatives
Balance Sheet line itemGross amounts of recognized assetsGross amount offset in Consolidated Balance SheetNet amountBalance Sheet line itemGross amounts of recognized liabilitiesGross amount offset in Consolidated Balance SheetNet amount
Derivatives designated as hedging instruments
Derivatives in cash flow hedging relationships
Interest rate swapsOther current assets / other assets$18,830 $— $18,830 Other liabilities$— $— $— 
Derivatives in net investment hedging relationships
Cross-currency swapOther assets1,043 — 1,043 Other liabilities— — — 
Total derivatives designated as hedging instruments$19,873 $— $19,873 $— $— $— 
Derivatives not designated as hedging instruments
Currency forward contractsOther current assets / other assets$5,549 $(1,907)$3,642 Other current liabilities / other liabilities$(1,084)$228 $(856)
Currency option contractsOther current assets / other assets212 (75)137 Other current liabilities / other liabilities(2,351)171 (2,180)
Total derivatives not designated as hedging instruments$5,761 $(1,982)$3,779 $(3,435)$399 $(3,036)
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
The following table presents the effect of our derivative financial instruments designated as hedging instruments and their classification within comprehensive loss, net of tax, for the three and nine months ended March 31, 2025 and 2024.
Three Months Ended March 31, Nine Months Ended March 31,
2025202420252024
Derivatives in cash flow hedging relationships
Interest rate swaps$(1,202)$5,623 $(2,388)$3,673 
Cross-currency swap— 1,428 — 786 
Derivatives in net investment hedging relationships
Intercompany loan
— 4,985 615 1,441 
Currency forward contracts— — — (1,080)
Total$(1,202)$12,036 $(1,773)$4,820 
Reclassification out of Accumulated Other Comprehensive Income
The following table presents reclassifications out of accumulated other comprehensive loss for the three and nine months ended March 31, 2025 and 2024.
Amount of Net (Gain) Loss Reclassified from Accumulated Other Comprehensive Loss into Income
Affected line item in the
Statement of Operations
Three Months Ended March 31, Nine Months Ended March 31,
2025202420252024
Derivatives in cash flow hedging relationships
Interest rate swaps$(3,879)$(1,630)$(3,236)$(6,126)Interest expense, net
Cross-currency swap
— (1,748)— (1,454)Other (expense) income, net
Total before income tax(3,879)(3,378)(3,236)(7,580)Income before income taxes
Income tax646 606 572 1,315 Income tax expense
Total$(3,233)$(2,772)$(2,664)$(6,265)
Derivatives Not Designated as Hedging Instruments
The following table presents the adjustment to fair value recorded within the consolidated statements of operations for the three and nine months ended March 31, 2025 and 2024 for derivative instruments for which we did not elect hedge accounting.
Amount of (Loss) Gain Recognized in Net Income
Affected line item in the
Statement of Operations
Three Months Ended March 31, Nine Months Ended March 31,
2025202420252024
Currency contracts$(14,640)$9,071 $(1,577)$3,715 Other (expense) income, net
Total$(14,640)$9,071 $(1,577)$3,715