LONG TERM DEBT (Tables)

12 Months Ended

Jun. 30, 2017

Long-term debt consisted of the following (in thousands):

	June 30,
	2017			2016
Bank credit facility – term loans	$	978,867		$	1,032,833
Bank credit facility – revolver loans		265,000			440,000
Principal amount of long-term debt		1,243,867			1,472,833
Less unamortized debt issuance costs		(12,304	)		(16,789	)
Total long-term debt		1,231,563			1,456,044
Less current portion		(53,965	)		(53,965	)
Long-term debt, net of current portion	$	1,177,598		$	1,402,079

Cash Flow Hedges

The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the years ended June 30, 2017, 2016 and 2015 is as follows (in thousands):

	Interest Rate Swaps
	2017		2016			2015
Gain (loss) recognized in other comprehensive income	$	6,872	$	(14,859	)	$	(9,422	)
Amounts reclassified to earnings from accumulated other comprehensive loss	$	7,715	$	8,867		$	7,024
Net current period other comprehensive income (loss)	$	14,587	$	(5,992	)	$	(2,398	)

Aggregate Maturities of Long-term Debt

The aggregate maturities of long-term debt at June 30, 2017 are as follows (in thousands):

Year ending June 30,
2018	$	53,965
2019		107,930
2020		1,081,972
Principal amount of long-term debt		1,243,867
Less unamortized debt issuance costs		(12,304	)
Total long-term debt	$	1,231,563