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Derivatives and Hedging Activities (Tables) | 12 Months Ended
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Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | As of June 30, 2024, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:
Interest Rate Derivative |  | Number of Instruments |  | Notional Amount |
Interest rate swap |  | 4 |  | $ | 400,000 |
As of June 30, 2024, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations:
Foreign Currency Derivative |  | Number of Instruments |  | Notional Sold |  |  | Notional Purchased |
Cross-currency swap |  | 4 |  | € | 100,300 |  |  | $ | 105,804 |
As of June 30, 2024, the Company had the following outstanding foreign currency derivatives that were used to hedge changes in fair value attributable to foreign exchange risk:
Foreign Currency Derivative |  | Number of Instruments |  | Notional Sold |  |  | Notional Purchased |
Cross-currency swap |  | 1 |  | € | 24,700 |  |  | $ | 26,021 |
As of June 30, 2024, the following amounts were recorded on the consolidated balance sheets related to cumulative basis adjustment for fair value hedges:
|  | Carrying Amount of the Hedged Asset |  |  | Cumulative Amount of Fair Value Hedge Adjustment Included in the Carrying Amount of the Hedged Asset |
|  | Fiscal Year Ended June 30, |  |  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Intercompany loan receivable |  | $ | 26,465 |  |  | $ | 26,945 |  |  | $ | (480 | ) |  | $ | 924 |
Schedule of Derivative Financial Instruments and Classification on Consolidated Balance Sheets | The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheet as of June 30, 2024:
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Prepaid expenses and other current assets |  | $ | 7,455 |  |  | Accrued expenses and other current liabilities |  | $ | — |
Interest rate swaps |  | Other noncurrent assets |  |  | 5,151 |  |  | Other noncurrent liabilities |  |  | — |
Cross-currency swaps |  | Prepaid expenses and other current assets |  |  | 2,376 |  |  | Accrued expenses and other current liabilities |  |  | — |
Cross-currency swaps |  | Other noncurrent assets |  |  | — |  |  | Other noncurrent liabilities |  |  | 3,333 |
Total derivatives designated as hedging instruments |  |  |  | $ | 14,982 |  |  |  |  | $ | 3,333 |
The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheet as of June 30, 2023:
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Prepaid expenses and other current assets |  | $ | 8,649 |  |  | Accrued expenses and other current liabilities |  | $ | — |
Interest rate swaps |  | Other noncurrent assets |  |  | 5,974 |  |  | Other noncurrent liabilities |  |  | — |
Cross-currency swaps |  | Prepaid expenses and other current assets |  |  | 2,365 |  |  | Accrued expenses and other current liabilities |  |  | — |
Cross-currency swaps |  | Other noncurrent assets |  |  | — |  |  | Other noncurrent liabilities |  |  | 3,160 |
Total derivatives designated as hedging instruments |  |  |  | $ | 16,988 |  |  |  |  | $ | 3,160 |
Schedule of Pre-Tax Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss | The following table presents the pre-tax effect of cash flow hedge accounting on AOCL as of June 30, 2024, 2023 and 2022:
Derivatives in Cash Flow Hedging Relationships |  | Amount of Gain (Loss) Recognized in AOCL on Derivatives |  |  | Location of Gain (Loss) Reclassified from AOCL into Income (Expense) |  | Location of Gain (Loss) Reclassified from AOCL into Income (Expense) |
|  | Fiscal Year Ended June 30, |  |  |  |  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Interest rate swaps |  | $ | 7,300 |  |  | $ | 20,413 |  |  | $ | 1,341 |  |  | Interest and other financing expense, net |  | $ | 9,348 |  |  | $ | 6,918 |  |  | $ | 27 |
Cross-currency swaps |  |  | — |  |  |  | — |  |  |  | 3,129 |  |  | Interest and other financing expense, net / Other expense (income), net |  |  | — |  |  |  | (275 | ) |  |  | 3,296 |
Foreign currency forward contracts |  |  | 50 |  |  |  | 80 |  |  |  | (93 | ) |  | Cost of sales |  |  | 9 |  |  |  | — |  |  |  | 108 |
|  | $ | 7,350 |  |  | $ | 20,493 |  |  | $ | 4,377 |  |  |  |  | $ | 9,357 |  |  | $ | 6,643 |  |  | $ | 3,431 |
The following table presents the pre-tax effect of fair value hedge accounting on AOCL as of June 30, 2024, 2023 and 2022:
Derivatives in Fair Value Hedging Relationships |  | Amount of Gain (Loss) Recognized in AOCL on Derivatives |  |  | Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing) |  | Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing) |
|  | Fiscal Year Ended June 30, |  |  |  |  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Cross-currency swaps |  | $ | 454 |  |  | $ | (310 | ) |  | $ | 708 |  |  | Interest and other financing expense, net |  | $ | 490 |  |  | $ | 489 |  |  | $ | 75 |
|  | $ | 454 |  |  | $ | (310 | ) |  | $ | 708 |  |  |  |  | $ | 490 |  |  | $ | 489 |  |  | $ | 75 |
Schedule of Pre-Tax Effect of Derivative Financial Instruments Electing Cash Flow Hedge Accounting on Consolidated Statements of Operations | The following table presents the pre-tax effect of the Company’s derivative financial instruments electing cash flow hedge accounting on the consolidated statements of operations as of June 30, 2024 and 2023:
|  | Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Cash Flow Hedging Relationships |
|  | Fiscal Year Ended June 30, 2024 |  |  | Fiscal Year Ended June 30, 2023 |  |  | Fiscal Year Ended June 30, 2022 |
|  | Cost of sales |  |  | Interest and other financing expense, net |  |  | Other expense (income), net |  |  | Cost of sales |  |  | Interest and other financing expense, net |  |  | Other expense (income), net |  |  | Cost of sales |  |  | Interest and other financing expense, net |  |  | Other expense (income), net |
The effects of cash flow hedging: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on cash flow hedging relationships |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCL into income |  | $ | — |  |  | $ | 9,348 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,918 |  |  | $ | — |  |  | $ | — |  |  | $ | 27 |  |  | $ | — |
Cross-currency swaps |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of (loss) gain reclassified from AOCL into (expense) income |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (275 | ) |  | $ | — |  |  | $ | — |  |  | $ | 78 |  |  | $ | 3,218 |
Foreign currency forward contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain reclassified from AOCL into income |  | $ | — |  |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 108 |  |  | $ | — |  |  | $ | — |
The following table presents the pre-tax effect of the Company’s derivative financial instruments electing fair value hedge accounting on the consolidated statements of operations as of June 30, 2024 and 2023:
|  | Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Fair Value Hedging Relationships |
|  | Fiscal Year Ended June 30, 2024 |  |  | Fiscal Year Ended June 30, 2023 |  |  | Fiscal Year Ended June 30, 2022 |
|  | Cost of sales |  |  | Interest and other financing expense, net |  |  | Other expense (income), net |  |  | Cost of sales |  |  | Interest and other financing expense, net |  |  | Other expense (income), net |  |  | Cost of sales |  |  | Interest and other financing expense, net |  |  | Other expense (income), net |
The effects of fair value hedging: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on fair value hedging relationships |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCL into income (expense) |  | $ | — |  |  | $ | 970 |  |  | $ | — |  |  | $ | — |  |  | $ | (557 | ) |  | $ | — |  |  | $ | — |  |  | $ | 75 |  |  | $ | 122 |
Schedule of Pre-Tax Effect of Net Investment Hedges on Accumulated Other Comprehensive Loss and the Consolidated Statements of Operations | The following table presents the pre-tax effect of the Company’s net investment hedges on Accumulated other comprehensive loss and the consolidated statements of operations as of June 30, 2024, 2023 and 2022:
Derivatives in Net Investment Hedging Relationships |  | Amount of Gain (Loss) Recognized in AOCL on Derivatives |  |  | Location of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing) |  | Amount of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing) |
|  | Fiscal Year Ended June 30, |  |  |  |  | Fiscal Year Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  |  |  | 2024 |  |  | 2023 |  |  | 2022 |
Cross-currency swaps |  | $ | 1,843 |  |  | $ | (1,279 | ) |  | $ | 12,599 |  |  | Interest and other financing expense, net |  | $ | 1,969 |  |  | $ | 1,963 |  |  | $ | 772 |

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