Derivative Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments [Table Text Block]

As of March 31, 2018, 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, British Pound, Canadian Dollar, Danish Krone, Euro, Indian Rupee,Mexican Peso, New Zealand Dollar, Norwegian Krone, and Swedish Krona:

Notional Amount	Effective Date	Maturity Date	Number of Instruments	Index
$512,301	January 2017 through March 2018	Various dates through March 2020	489	Various

As of March 31, 2018, we had nine 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 December 2025.

Interest rate swap contracts outstanding:	Notional Amounts
Contracts accruing interest as of March 31, 2018	$	65,000
Contracts with a future start date	350,000
Total	$	415,000

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, 2018 and June 30, 2017. Our derivative asset and liability balances will fluctuate with interest rate and currency exchange rate volatility. Our derivative liabilities have increased significantly during the nine months ended March 31, 2018 mainly due to the weakening of the US dollar.

	March 31, 2018
	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	$	10,452	$	(92	)	$	10,360	Other current liabilities / other liabilities	$	—		$	—	$	—
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(18,897		)	—		(18,897		)
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(23,176		)	—		(23,176		)
Currency forward contracts	Other non-current assets	—		—			—		Other liabilities	(23,831		)	—		(23,831		)
Total derivatives designated as hedging instruments		$	10,452	$	(92	)	$	10,360		$	(65,904	)	$	—	$	(65,904	)
Derivatives not designated as hedging instruments
Currency forward contracts	Other current assets / other assets	$	26	$	—		$	26	Other current liabilities / other liabilities	$	(15,361	)	$	1,307	$	(14,054	)
Currency option contracts	Other current assets / other assets	11		—			11		Other current liabilities / other liabilities	(814		)	129		(685		)
Total derivatives not designated as hedging instruments		$	37	$	—		$	37		$	(16,175	)	$	1,436	$	(14,739	)

	June 30, 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	$	2,072	$	(355	)	$	1,717	Other current liabilities / other liabilities	$	(483	)	$	—	$	(483	)
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(7,640		)	—		(7,640		)
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	Other non-current assets	—		—			—		Other liabilities	(12,120		)	—		(12,120		)
Currency forward contracts	Other non-current assets	—		—			—		Other liabilities	(9,896		)	—		(9,896		)
Total derivatives designated as hedging instruments		$	2,072	$	(355	)	$	1,717		$	(30,139	)	$	—	$	(30,139	)
Derivatives not designated as hedging instruments
Currency forward contracts	Other current assets / other assets	$	—	$	—		$	—	Other current liabilities / other liabilities	$	(8,033	)	$	3,229	$	(4,804	)
Currency Option Contracts	Other current assets / other assets	—		—			—		Other current liabilities / other liabilities	(651		)	—		(651		)
Total derivatives not designated as hedging instruments		$	—	$	—		$	—		$	(8,684	)	$	3,229	$	(5,455	)

Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net

The following table presents the effect of the effective portion of our derivative financial instruments designated as hedging instruments and their classification within comprehensive income (loss) for the three and nine months ended March 31, 2018 and 2017:

Derivatives in Hedging Relationships	Amount of Gain (Loss) Recognized in Comprehensive Income (Loss) on Derivatives
	Three Months Ended March 31,						Nine Months Ended March 31,
In thousands	2018			2017			2018			2017
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	$	6,087		$	314		$	7,330		$	3,078
Cross-currency swaps	2,321			(740		)	5,492			3,971
Derivatives in Net Investment Hedging Relationships
Cross-currency swaps	(3,873		)	(841		)	(10,307		)	3,983
Currency forward contracts	(5,576		)	(802		)	(13,935		)	137
	$	(1,041	)	$	(2,069	)	$	(11,420	)	$	11,169

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, 2018 and 2017:

Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Income (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	2018			2017			2018			2017
Derivatives in Cash Flow Hedging Relationships
Interest rate swaps	$	100		$	(61	)	$	(6	)	$	(100	)	Interest expense, net
Cross-currency swaps	(3,321		)	(1,131		)	(8,756		)	6,366			Other (expense) income, net
Total before income tax	(3,221		)	(1,192		)	(8,762		)	6,266			Income (loss) before income taxes
Income tax	805			297			2,212			(1,568		)	Income tax expense
Total	$	(2,416	)	$	(895	)	$	(6,550	)	$	4,698

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	2018			2017			2018			2017
Derivatives not designated as hedging instruments
Currency contracts	$	(9,103	)	$	(820	)	$	(19,382	)	$	12,481	Other (expense) income, net
Interest rate swaps	1			3			279			256		Other (expense) income, net
	$	(9,102	)	$	(817	)	$	(19,103	)	$	12,737