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Derivatives and Hedging Activities (Tables)
 6 Months Ended
Dec. 31, 2017
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Schedule of 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:
 
Quarter ended
 
Six months ended
 
December 31,
 
December 31,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
Net foreign exchange derivative contract (gains) losses
$
121

 
$
(199
)
 
$
942

 
$
(959
)
Net foreign currency transactional and re-measurement (gains) losses
473

 
507

 
(160
)
 
1,879

Net foreign currency (gains) losses
$
594

 
$
308

 
$
782

 
$
920
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The components of the cash flow hedge included in accumulated other comprehensive income (loss), net of income taxes, in the Condensed Consolidated Balance Sheets, are as follows:

 
 
Quarter ended
 
Six months ended
 
 
December 31,
 
December 31,
 
 
2017
 
2016
 
2017
 
2016
 
 
(in thousands)
Net interest expense recognized as a result of interest rate swap
 
$
64

 
$
—

 
$
133

 
$
—

Unrealized gain (loss) in fair value of interest rate swap
 
447

 
—

 
424

 
—

Net increase (decrease) in accumulated other comprehensive income (loss)
 
$
511

 
$
—

 
$
557

 
$
—

Income tax effect
 
191

 
—

 
208

 
—

Net increase (decrease) in accumulated other comprehensive income (loss), net of tax
 
$
320

 
$
—

 
$
349

 
$
—
Schedule of Derivative Instruments
The Company used the following derivative instruments as of December 31, 2017 and June 30, 2017, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above:
 
 
 
December 31, 2017
 
June 30, 2017
 
Balance Sheet Location
 
Fair Value  of
Derivatives
Designated 
as Hedge Instruments
 
Fair Value  of
Derivatives
Not Designated as  Hedge Instruments
 
Fair Value  of
Derivatives
Designated
as Hedge Instruments
 
Fair Value  of
Derivatives
Not Designated as Hedge Instruments
 
 
 
(in thousands)
Derivative assets:
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Prepaid expenses and other current assets
 
$
—

 
$
71

 
$
—

 
$
35

Interest rate swap agreement
Other non-current assets
 
$
578

 
$
—

 
$
21

 
$
—

Derivative liabilities:
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Accrued expenses and other current liabilities
 
$
—

 
$
169

 
$
—

 
$
131