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Derivatives and Hedging Activities (Tables)
 12 Months Ended
Jun. 30, 2015
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Derivative Contracts and Changes in Underlying Value of the Foreign Currency Exposures
Summarized financial information related to these derivative contracts and changes in the underlying value of the foreign currency exposures are as follows:
 
Fiscal Year Ended June 30,
 
2015
 
2014
 
2013
 
(in thousands)
Net foreign exchange derivative contract (gain) loss
$
(5,364
)
 
$
3,640

 
$
(733
)
Net foreign currency transactional and re-measurement (gain) loss
8,408

 
(3,024
)
 
701

Net foreign currency (gain) loss
$
3,044

 
$
616

 
$
(32
)
Derivative Instruments
The Company has the following derivative instruments located on the Consolidated Balance Sheets and Income Statements, utilized for the risk management purposes detailed above:

 
As of June 30, 2015
 
Fair Value of  Derivatives
Designated as  Hedge
Instruments
 
Fair Value of  Derivatives
Not Designated as Hedge
Instruments
 
(in thousands)
Derivative assets:(a)
 
 
 
Foreign exchange contracts
$
—

 
$
125

Cross-currency swap agreements
—

 
103

Derivative liabilities:(b)
 
 
 
Foreign exchange contracts
$
—

 
$
476

(a)
All derivative assets are recorded as prepaid expense and other current assets in the Consolidated Balance Sheets.
(b)
All derivative liabilities are recorded as accrued expenses and other current liabilities in the Consolidated Balance Sheets.