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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Mar. 31, 2020
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 nine months ended March 31, 2020 and 2019 are as follows:
| Quarter ended |  | Nine months ended
| March 31, |  | March 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (in thousands)
Net foreign exchange derivative contract losses (gains) | $ | (6,178 | ) |  | $ | 1,125 |  |  | $ | (5,978 | ) |  | $ | 178 |
Net foreign currency transactional and re-measurement (gains) losses | 6,546 |  |  | (654 | ) |  | 6,155 |  |  | 810 |
Net foreign currency exchange (gains) losses | $ | 368 |  |  | $ | 471 |  |  | $ | 177 |  |  | $ | 988 |
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 nine months ended March 31, 2020 and 2019, are as follows:
|  | Quarter ended |  | Nine months ended
|  | March 31, |  | March 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
|  | (in thousands)
Net interest expense (income) recognized as a result of interest rate swap |  | $ | 180 |  |  | $ | (79 | ) |  | $ | 343 |  |  | $ | (161 | )
Unrealized gain (loss) in fair value of interest rate swap |  | (5,518 | ) |  | (385 | ) |  | (5,890 | ) |  | (919 | )
Net increase (decrease) in accumulated other comprehensive (loss) income |  | $ | (5,338 | ) |  | $ | (464 | ) |  | $ | (5,547 | ) |  | $ | (1,080 | )
Income tax effect |  | (1,292 | ) |  | (114 | ) |  | (1,330 | ) |  | (261 | )
Net increase (decrease) in accumulated other comprehensive (loss) income, net of tax |  | $ | (4,046 | ) |  | $ | (350 | ) |  | $ | (4,217 | ) |  | $ | (819 | )
Schedule of Derivative Instruments | The Company used the following derivative instruments at March 31, 2020 and June 30, 2019, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above:
|  |  | March 31, 2020 |  | 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 |  | $ | — |  |  | $ | 209 |  |  | $ | — |  |  | $ | 165 |
Derivative liabilities: |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Accrued expenses and other current liabilities |  | $ | — |  |  | $ | 130 |  |  | $ | — |  |  | $ | 168 |
Interest rate swap agreement | Other long-term liabilities |  | $ | 8,922 |  |  | $ | — |  |  | $ | 3,504 |  |  | $ | — |

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