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Derivative Financial Instruments (Tables)
 9 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments [Table Text Block]
As of March 31, 2017, we had the following outstanding currency derivative contracts that were not designated for hedge accounting and were used to hedge fluctuations in the U.S. Dollar value of forecasted transactions denominated in Australian Dollar, Canadian Dollar, Danish Krone, Euro, British Pound, Indian Rupee, Japanese Yen, New Zealand Dollar, Norwegian Krone, Swedish Krona, Mexican Peso, and Swiss Franc:
Notional Amount
 
Effective Date
 
Maturity Date
 
Number of Instruments
 
Index
$308,301
 
December 2015 through September 2016
 
Various dates through September 2018
 
449
 
Various
Amounts reported in accumulated other comprehensive loss related to interest rate swap contracts will be reclassified to interest expense as interest payments are accrued or made on our variable-rate debt. As of March 31, 2017, we estimate that $422 will be reclassified from accumulated other comprehensive loss to interest expense during the twelve months ending March 31, 2018. As of March 31, 2017, we had five outstanding interest rate swap contracts indexed to one-month LIBOR. These instruments were designated as cash flow hedges of interest rate risk and have varying start dates and maturity dates through June 2024.
Interest rate swap contracts outstanding:
 
Notional Amounts
Contracts accruing interest as of March 31, 2017
 
$
60,000

Contracts with a future start date
 
140,000

Total
 
$
200,000
Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The table below presents the fair value of our derivative financial instruments as well as their classification on the balance sheet as of March 31, 2017 and June 30, 2016:
 
March 31, 2017

Asset Derivatives

Liability Derivatives
Derivatives designated as hedging instruments
Balance Sheet line item

Gross amounts of recognized assets

Gross amount offset in consolidated balance sheet

Net amount

Balance Sheet line item

Gross amounts of recognized liabilities

Gross amount offset in consolidated balance sheet

Net amount
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
Other non-current assets

$
2,705


$
(311
)

$
2,394


Other current liabilities / other liabilities

$
(468
)

$
113


$
(355
)
Cross-currency swaps
Other non-current assets
 
1,661

 
—

 
1,661

 
Other liabilities
 
—

 
—

 
—

Derivatives in Net Investment Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cross-currency swaps
Other non-current assets
 
—

 
—

 
—

 
Other liabilities
 
(2,706
)
 
—

 
(2,706
)
Currency forward contracts
Other non-current assets
 
895

 
(195
)
 
700

 
Other liabilities
 
(622
)
 
—

 
(622
)
Total derivatives designated as hedging instruments


$
5,261


$
(506
)

$
4,755




$
(3,796
)

$
113


$
(3,683
)
















Derivatives not designated as hedging instruments















Currency forward contracts
Other current assets / other assets

$
10,846


$
(987
)

$
9,859


Other current liabilities / other liabilities

$
—


$
—


$
—

Currency option contracts
Other current assets / other assets

—


—


—


Other current liabilities / other liabilities

(341
)

—


(341
)
Total derivatives not designated as hedging instruments


$
10,846


$
(987
)

$
9,859




$
(341
)

$
—


$
(341
)

June 30, 2016

Asset Derivatives

Liability Derivatives
Derivatives designated as hedging instruments
Balance Sheet line item

Gross amounts of recognized assets

Gross amount offset in consolidated balance sheet

Net amount

Balance Sheet line item

Gross amounts of recognized liabilities

Gross amount offset in consolidated balance sheet

Net amount
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
Other non-current assets

$
—


$
—


$
—


Other current liabilities / other liabilities

$
(2,180
)

$
—


$
(2,180
)
Cross-currency swaps
Other non-current assets

—


—


—


Other liabilities

(2,080
)

—


(2,080
)
Derivatives in Net Investment Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cross-currency swaps
Other non-current assets

—


—


—


Other liabilities

(6,770
)

—


(6,770
)
Currency forward contracts
Other non-current assets

—


—


—


Other liabilities

(165
)

—


(165
)
Total derivatives designated as hedging instruments


$
—


$
—


$
—




$
(11,195
)

$
—


$
(11,195
)
















Derivatives not designated as hedging instruments















Currency forward contracts
Other current assets

$
10,748


$
(927
)

$
9,821


Other current liabilities

$
(508
)

$
358


$
(150
)
Total derivatives not designated as hedging instruments


$
10,748


$
(927
)

$
9,821




$
(508
)

$
358


$
(150
)
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net
The following table presents the effect of our derivative financial instruments designated as hedging instruments and their classification within comprehensive loss for the three and nine months ended March 31, 2017 and 2016:
Derivatives in Hedging Relationships
Amount of Gain (Loss) Recognized in Comprehensive (Loss) Income on Derivatives (Effective Portion)
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
In thousands
2017
 
2016
 
2017
 
2016
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
Interest rate swaps
$
314

 
$
(905
)
 
$
3,078

 
$
(1,367
)
Cross-currency swaps
(740
)
 
(3,915
)
 
3,971

 
(3,915
)
Derivatives in Net Investment Hedging Relationships
 
 
 
 
 
 
 
Cross-currency swaps
(841
)
 
(2,999
)
 
3,983

 
(70
)
Currency forward contracts
(802
)
 
(730
)
 
137

 
(730
)
 
$
(2,069
)
 
$
(8,549
)
 
$
11,169

 
$
(6,082
)
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
The following table presents reclassifications out of accumulated other comprehensive loss for the three and nine months ended March 31, 2017 and 2016:
Details about Accumulated Other
Comprehensive Loss Components
Amount Reclassified from Accumulated Other Comprehensive Loss to Net (loss) Income
Affected line item in the
Statement of Operations
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
In thousands
2017
 
2016
 
2017
 
2016
 
Derivatives in Cash Flow Hedging Relationships
 
 
 
 
 
 
 
 
Interest rate swaps
$
(61
)
 
$
(180
)
 
$
(100
)
 
$
(768
)
Interest expense, net
Cross-currency swaps
(1,131
)
 
(4,034
)
 
6,366

 
(4,034
)
Other (expense) income, net
Total before income tax
(1,192
)
 
(4,214
)
 
6,266

 
(4,802
)
(Loss) income before income taxes
Income tax
297

 
1,054

 
(1,568
)
 
1,202

Income tax (benefit) provision
Total
$
(895
)
 
$
(3,160
)
 
$
4,698

 
$
(3,600
)
 
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table presents the adjustment to fair value recorded within the consolidated statements of operations for derivative instruments for which we did not elect hedge accounting, as well as the effect of the ineffective portion and de-designated derivative financial instruments that no longer qualify as hedging instruments in the period:
 
Amount of Gain (Loss) Recognized in Net (loss) Income
 
Location of Gain (Loss) Recognized in Income (Ineffective Portion)
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
 
In thousands
2017
 
2016
 
2017
 
2016
 
 
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
Currency contracts
$
(820
)
 
$
(1,505
)
 
$
12,481

 
$
4,058

 
Other (expense) income, net
Interest rate swaps
3

 
—

 
256

 
(10
)
 
Other (expense) income, net
 
$
(817
)
 
$
(1,505
)
 
$
12,737

 
$
4,048