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Derivatives and Hedging Activities (Tables)
6 Months Ended
Dec. 31, 2024
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, 2024 and 2023 are as follows:
 Quarter endedSix months ended
December 31,December 31,
 2024202320242023
 (in thousands)
Net foreign exchange derivative contract (gains) losses$(2,418)$1,025 $(1,477)$658 
Net foreign currency transactional and re-measurement losses (gains)2,166 (596)1,560 466 
Net foreign currency exchange (gains) losses$(252)$429 $83 $1,124 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The components of the cash flow hedge included in the Condensed Consolidated Statement of Comprehensive Income for the quarters and six months ended December 31, 2024 and 2023, are as follows:
Quarter endedSix months ended
December 31,December 31,
 2024202320242023
(in thousands)
Net interest income recognized as a result of interest rate swap$(391)$(903)$(900)$(1,781)
Unrealized gain (loss) in fair value of interest rate swap745 (1,165)(139)(72)
Net increase (decrease) in accumulated other comprehensive income354 (2,068)(1,039)(1,853)
Income tax effect87 (521)(256)(458)
Net increase (decrease) in accumulated other comprehensive income, net of tax$267 $(1,547)$(783)$(1,395)
Schedule of Derivative Instruments
The Company used the following derivative instruments at December 31, 2024 and June 30, 2024, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above:

 December 31, 2024June 30, 2024
 Balance Sheet LocationFair 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 currency hedgePrepaid expenses and other current assets$30 $ $345 $— 
Interest rate swap agreementOther non-current assets$1,658 $ $2,698 $— 
Derivative liabilities:
Foreign exchange contractsAccrued expenses and other current liabilities$ $24 $— $12