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Derivatives and Hedging Activities (Tables) | 6 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | As of December 31, 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 December 31, 2024, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risks:
Foreign Currency Derivative |  | Number of Instruments |  | Notional Sold |  |  | Notional Purchased |
Foreign currency forward contract |  | 12 |  | £ | 26,805 |  |  | € | 31,850 |
As of December 31, 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 December 31, 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 December 31, 2024 and 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 |
|  | December 31, 2024 |  |  | June 30, 2024 |  |  | December 31, 2024 |  |  | June 30, 2024 |
Intercompany loan receivable |  | $ | 25,572 |  |  | $ | 26,465 |  |  | $ | (893 | ) |  | $ | (480 | )
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 December 31, 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 |  | $ | 4,263 |  |  | Accrued expenses and other current liabilities |  | $ | — |
Interest rate swaps |  | Other noncurrent assets |  |  | 3,317 |  |  | Other noncurrent liabilities |  |  | — |
Cross-currency swaps |  | Prepaid expenses and other current assets |  |  | 2,388 |  |  | Accrued expenses and other current liabilities |  |  | — |
Cross-currency swaps |  | Other noncurrent assets |  |  | — |  |  | Other noncurrent liabilities |  |  | 472 |
Foreign currency forward contracts |  | Prepaid expenses and other current assets |  |  | — |  |  | Accrued expenses and other current liabilities |  |  | 456 |
Total derivatives designated as hedging instruments |  |  |  | $ | 9,968 |  |  |  |  | $ | 928 |
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 |
Schedule of Hedges Included Cash Flow Hedges, Net Investment Hedges and Fair Value Hedges on Accumulated Other Comprehensive Income Loss | The following table presents the pre-tax effect of the Company’s cash flow hedges, net investment hedges, and fair value hedges on AOCL for the three and six months ended December 31, 2024 and 2023:
|  | Amount of Gain (Loss) Recognized in AOCL on Derivatives |
|  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 6,389 |  |  | $ | (7,725 | ) |  | $ | (978 | ) |  | $ | (2,247 | )
Foreign currency forward contracts |  |  | (456 | ) |  |  | 10 |  |  |  | (456 | ) |  |  | 51 |
Derivatives in net investment hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  |  | 6,579 |  |  |  | (3,979 | ) |  |  | 3,297 |  |  |  | (1,663 | )
Derivatives in fair value hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  |  | 1,620 |  |  |  | (981 | ) |  |  | 811 |  |  |  | (409 | )
|  | $ | 14,132 |  |  | $ | (4,960 | ) |  | $ | 4,108 |  |  | $ | (2,072 | )
Schedule of Pre-tax Effect of Cash Flow Hedges, Net Investment Hedges and Fair Value Hedges on the Consolidated Statements of Operations, Recorded in Interest and Other Financing Expense, Net | The following table presents the pre-tax effect of the Company’s cash flow hedges, net investment hedges, and fair value hedges on the consolidated statements of operations, recorded in interest and other financing expense, net, for the three and six months ended December 31, 2024 and 2023:
|  | Amount of Gain Reclassified from AOCL into Income (Expense) |
|  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 1,840 |  |  | $ | 2,393 |  |  | $ | 4,176 |  |  | $ | 4,675 |
Derivatives in net investment hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  |  | 495 |  |  |  | 495 |  |  |  | 989 |  |  |  | 990 |
Derivatives in fair value hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps(1) |  |  | 2,099 |  |  |  | (1,028 | ) |  |  | 1,140 |  |  |  | (75 | )
|  | $ | 4,434 |  |  | $ | 1,860 |  |  | $ | 6,305 |  |  | $ | 5,590 |
(1) Net of amount that is excluded from effectiveness testing. Amount of gain, excluded from effectiveness testing, reclassified from A OCL into income for the three months ended December 31, 2024 and 2023 was $123. Amount of gain, excluded from effectiveness testing, reclassified from AOCL into income for the six months ended December 31, 2024 and 2023 was $247.

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