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Derivatives and Hedging Activities (Tables)
6 Months Ended
Dec. 31, 2019
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 included in the Condensed Consolidated Income Statements for the quarters and six months ended December 31, 2019 and 2018 are as follows:

 
Quarter ended
 
Six months ended
 
December 31,
 
December 31,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
Net foreign exchange derivative contract losses (gains)
$
2,315

 
$
(964
)
 
$
200

 
$
(948
)
Net foreign currency transactional and re-measurement (gains) losses
(2,417
)
 
1,384

 
(391
)
 
1,465

Net foreign currency exchange (gains) losses
$
(102
)
 
$
420

 
$
(191
)
 
$
517



Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The components of the cash flow hedge included in the Condensed Consolidated Statement of Comprehensive (Loss) Income for the quarters and six months ended December 31, 2019 and 2018, are as follows:

 
 
Quarter ended
 
Six months ended
 
 
December 31,
 
December 31,
 
 
2019
 
2018
 
2019
 
2018
 
 
(in thousands)
Net interest expense (income) recognized as a result of interest rate swap
 
$
136

 
$
(57
)
 
$
163

 
$
83

Unrealized gain (loss) in fair value of interest rate swap
 
1,068

 
(751
)
 
(372
)
 
(699
)
Net increase (decrease) in accumulated other comprehensive (loss) income
 
$
1,204

 
$
(808
)
 
$
(209
)
 
$
(616
)
Income tax effect
 
304

 
(193
)
 
(38
)
 
(147
)
Net increase (decrease) in accumulated other comprehensive (loss) income, net of tax
 
$
900

 
$
(615
)
 
$
(171
)
 
$
(469
)

Schedule of Derivative Instruments
The Company used the following derivative instruments at December 31, 2019 and June 30, 2019, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above:

 
 
 
December 31, 2019
 
June 30, 2019
 
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
 
$

 
$
125

 
$

 
$
165

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

 
$
320

 
$

 
$
168

Interest rate swap agreement
Other long-term liabilities
 
$
3,627

 
$

 
$
3,504

 
$