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Derivatives and Hedging Activities (Tables)
9 Months Ended
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 endedNine months ended
March 31,March 31,
 2025202420252024
 (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 $1,632 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The components of the cash flow hedge included in the Condensed Consolidated Statement of Comprehensive Income for the quarters and nine months ended March 31, 2025 and 2024, are as follows:
Quarter endedNine months ended
March 31,March 31,
 2025202420252024
(in thousands)
Net interest income recognized as a result of interest rate swap$(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, 2025June 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:
Forward foreign currency exchange contractsPrepaid expenses and other current assets $17 — — 
Foreign currency hedgePrepaid expenses and other current assets$16 $ $345 $— 
Interest rate swap agreementOther non-current assets$1,046 $ $2,698 $— 
Derivative liabilities:
Forward foreign currency exchange contractsAccrued expenses and other current liabilities$ $ $— $12