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Derivatives and Hedging Activities (Tables) | 9 Months Ended
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Mar. 31, 2025
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, 2025 and 2024 are as follows:
| Quarter ended |  | Nine months ended
| March 31, |  | March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Net foreign exchange derivative contract losses (gains) | $ | 1,446 |  |  | $ | (526) |  |  | $ | (31) |  |  | $ | 132 |
Net foreign currency transactional and re-measurement (gains) losses | (1,316) |  |  | 1,034 |  |  | 243 |  |  | 1,500 |
Net foreign currency exchange losses | $ | 130 |  |  | $ | 508 |  |  | $ | 212 |  |  | $ | 1,632 |
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 nine months ended March 31, 2025 and 2024, are as follows:
| Quarter ended |  | Nine months ended
| March 31, |  | March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Net interest income recognized as a result of interest rate swap | $ | (315) |  |  | $ | (895) |  |  | $ | (1,214) |  |  | $ | (2,676) |
Unrealized (loss) gain in fair value of interest rate swap | (298) |  |  | 1,093 |  |  | (438) |  |  | 1,021 |
Net (decrease) increase in accumulated other comprehensive income | (613) |  |  | 198 |  |  | (1,652) |  |  | (1,655) |
Income tax effect | (151) |  |  | 50 |  |  | (407) |  |  | (409) |
Net (decrease) increase in accumulated other comprehensive income, net of tax | $ | (462) |  |  | $ | 148 |  |  | $ | (1,245) |  |  | $ | (1,246) |
Schedule of Derivative Instruments | The Company used the following derivative instruments at March 31, 2025 and June 30, 2024, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above:
|  |  | March 31, 2025 |  | June 30, 2024
| 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: |  |  |  |  |  |  |  |  |
Forward foreign currency exchange contracts | Prepaid expenses and other current assets |  | — |  |  | $ | 17 |  |  | — |  |  | — |
Foreign currency hedge | Prepaid expenses and other current assets |  | $ | 16 |  |  | $ | — |  |  | $ | 345 |  |  | $ | — |
Interest rate swap agreement | Other non-current assets |  | $ | 1,046 |  |  | $ | — |  |  | $ | 2,698 |  |  | $ | — |
Derivative liabilities: |  |  |  |  |  |  |  |  |
Forward foreign currency exchange contracts | Accrued expenses and other current liabilities |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 12 |

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