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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Sep. 30, 2013
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of fair value of derivative financial instruments

 

 

 

Fair Value Measurements
Using Input Type

 

 

 

Level 1

 

Level 2

 

Level 3

 

 

 

(in 000s)

 

As of September 30, 2013:

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

Other current assets:

 

 

 

 

 

 

 

Foreign currency derivative financial instrument

 

$

—

 

$

36

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

Accrued and other liabilities:

 

 

 

 

 

 

 

Foreign currency derivative financial instrument

 

$

—

 

$

868

 

$

—

 

Interest rate derivative financial instrument

 

$

—

 

$

4,653

 

$

—

 

Other liabilities:

 

 

 

 

 

 

 

Interest rate derivative financial instrument

 

$

—

 

$

4,664

 

$

—

 

 

 

 

 

 

 

 

 

As of June 30, 2013:

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

Other current assets:

 

 

 

 

 

 

 

Foreign currency derivative financial instrument

 

$

—

 

$

397

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

Accrued and other liabilities:

 

 

 

 

 

 

 

Foreign currency derivative financial instrument

 

$

—

 

$

22

 

$

—

 

Interest rate derivative financial instrument

 

$

—

 

$

4,689

 

$

—

 

Other liabilities:

 

 

 

 

 

 

 

Interest rate derivative financial instrument

 

$

—

 

$

4,927

 

$

—

 

 
Schedule of impact of the cash flow hedge and non-designated foreign currency derivatives on the unaudited condensed consolidated financial statements

 

Cash Flow Hedging Relationship

 

Amount of Loss
Recognized in
OCI on
Derivative
(Effective
Portion)

 

Location of Loss
Reclassified from
Accumulated
OCI into Income
(Effective
Portion)

 

Amount of Loss
Reclassified from
Accumulated
OCI into Income
(Effective
Portion)

 

Location of Loss
Recognized in
Income on
Derivative
(Ineffective
Portion)

 

Amount of Loss
Recognized in
Income on
Derivative
(Ineffective
Portion)

 

 

 

(in 000s)

 

For the three months ended September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreement

 

$

(985

)

Interest expense

 

$

(1,284

)

Interest expense

 

$

—

 

For the three months ended September 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreement

 

$

(1,757

)

Interest expense

 

$

(1,231

)

Interest expense

 

$

(9

)

 

 

 

Amount of Gain (Loss) Recognized
in Other Income (Expense)

 

 

 

(in 000s)

 

Non-Designated Derivative

 

Three Months Ended
September 30, 2013

 

Three Months Ended
September 30, 2012

 

Foreign Currency Forward Contracts

 

$

(1,429

)

$

(832

)
Schedule of pre-tax changes in other comprehensive income

 

 

 

Amount

 

 

 

(in 000s)

 

Interest Rate Derivative Financial Instrument
OCI Rollforward:

 

Three Months Ended
September 30, 2013

 

Three Months Ended
September 30, 2012

 

Beginning balance

 

$

(9,616

)

$

(13,832

)

Amount recognized in OCI on derivative

 

(985

)

(1,757

)

Amount reclassified from OCI into income

 

1,284

 

1,231

 

Unrealized gain (loss) on derivative financial instruments

 

$

(9,317

)

$

(14,358

)
Schedule of offsetting of derivative assets

 

Offsetting of Derivative Assets

 

 

 

 

 

Gross Amounts
Offset in the
Unaudited

 

Net Amounts of
Assets Presented in
the Unaudited

 

Gross Amounts Not Offset in the Unaudited
Condensed Consolidated Balance Sheets

 

Description

 

Gross Amounts
of Recognized
Assets

 

Condensed
Consolidated
Balance Sheets

 

Condensed
Consolidated
Balance Sheets

 

Financial
Instruments

 

Cash
Collateral
Pledged

 

Net Amount

 

 

 

(in 000s)

 

As of September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivative financial instrument

 

$

36

 

$

—

 

$

36

 

$

(36

)

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivative financial instrument

 

$

397

 

$

—

 

$

397

 

$

(22

)

$

—

 

$

375

 
Schedule of offsetting of derivative liabilities

Offsetting of Derivative Liabilities

 

 

 

 

 

Gross Amounts
Offset in the
Unaudited

 

Net Amounts of
Liabilities
Presented in the
Unaudited

 

Gross Amounts Not Offset in the Unaudited
Condensed Consolidated Balance Sheets

 

Description

 

Gross Amounts
of Recognized
Liabilities

 

Condensed
Consolidated
Balance Sheets

 

Condensed
Consolidated
Balance Sheets

 

Financial
Instruments

 

Cash
Collateral
Pledged

 

Net Amount

 

 

 

(in 000s)

 

As of September 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivative financial instruments

 

$

(868

)

$

—

 

$

(868

)

$

36

 

$

—

 

$

(832

)

Interest rate derivative financial instrument

 

$

(9,317

)

$

—

 

$

(9,317

)

$

—

 

$

—

 

$

(9,317

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivative financial instruments

 

$

(22

)

$

—

 

$

(22

)

$

22

 

$

—

 

$

—

 

Interest rate derivative financial instrument

 

$

(9,616

)

$

—

 

$

(9,616

)

$

—

 

$

—

 

$

(9,616

)
Schedule of inventory

 

 

 

September 30,
2013

 

June 30,
2013

 

 

 

(in 000s)

 

Raw materials

 

$

44,335

 

$

42,464

 

Work-in-process

 

2,006

 

1,508

 

Finished goods

 

19,756

 

24,435

 

Total

 

$

66,097

 

$

68,407