Long-term Debt (Tables)

6 Months Ended

Dec. 31, 2017

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

	December 31,			June 30,
	2017			2017
Bank credit facility – term loans	$	951,885		$	978,867
Bank credit facility – revolver loans		210,000			265,000
Principal amount of long-term debt		1,161,885			1,243,867
Less unamortized debt issuance costs		(10,092	)		(12,304	)
Total long-term debt		1,151,793			1,231,563
Less current portion		(80,947	)		(53,965	)
Long-term debt, net of current portion	$	1,070,846		$	1,177,598

Cash Flow Hedges

The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the three and six months ended December 31, 2017 and 2016 is as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2017		2016		2017		2016
Gain (loss) recognized in other comprehensive income	$	1,867	$	7,920	$	1,521	$	8,525
Amounts reclassified to earnings from accumulated other comprehensive loss		746		2,125		1,600		4,374
Net current period other comprehensive income	$	2,613	$	10,045	$	3,121	$	12,899

Aggregate Maturities of Long-term Debt

The aggregate maturities of long-term debt at December 31, 2017 are as follows (in thousands):

Twelve months ending December 31,
2018	$	80,947
2019		107,930
2020		973,008
Principal amount of long-term debt		1,161,885
Less unamortized debt issuance costs		(10,092	)
Total long-term debt	$	1,151,793