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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Dec. 31, 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 December 31, 2013:

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

Other assets:

 

 

 

 

 

 

 

Interest rate derivative financial instrument

 

$

 

$

2,013

 

$

 

Liabilities:

 

 

 

 

 

 

 

Accrued and other liabilities:

 

 

 

 

 

 

 

Foreign currency derivative financial instruments

 

$

 

$

731

 

$

 

Interest rate derivative financial instrument

 

$

 

$

4,495

 

$

 

Other liabilities:

 

 

 

 

 

 

 

Interest rate derivative financial instrument

 

$

 

$

3,749

 

$

 

 

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 instruments

 

$

 

$

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 Gain
(Loss)
Recognized in
OCI on
Derivative

(Effective
Portion)

 

Location of Gain
(Loss)
Reclassified from

Accumulated
OCI into Income

(Effective
Portion)

 

Amount of Gain
(Loss)
Reclassified from

Accumulated
OCI into Income
(Effective

Portion)

 

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

 

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

 

 

 

(in 000s)

 

For the three months ended December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

$

1,818

 

Interest expense

 

$

(1,268

)

Interest expense

 

$

 

For the three months ended December 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreement

 

$

(41

)

Interest expense

 

$

(1,330

)

Interest expense

 

$

 

 

 

Cash Flow Hedging Relationship

 

Amount of Gain
(Loss)
Recognized in
OCI on
Derivative

(Effective
Portion)

 

Location of Gain
(Loss)
Reclassified from

Accumulated
OCI into Income

(Effective
Portion)

 

Amount of Gain
(Loss)
Reclassified from

Accumulated
OCI into Income
(Effective

Portion)

 

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

 

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

 

 

 

(in 000s)

 

For the six months ended December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements

 

$

833

 

Interest expense

 

$

(2,552

)

Interest expense

 

$

 

For the six months ended December 31, 2012:

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreement

 

$

(1,798

)

Interest expense

 

$

(2,561

)

Interest expense

 

$

(9

)

 

 

 

Amount of Loss Recognized
in Other Income (Expense)

 

 

 

Three Months
Ended

 

Three Months
Ended

 

Six Months
Ended

 

Six Months
Ended

 

Non-Designated Derivative

 

December 31,
2013

 

December 31,
2012

 

December 31,
2013

 

December 31,
2012

 

 

 

(in 000s )

 

Foreign Currency Forward Contracts

 

$

(589

)

$

(1,064

)

$

(2,018

)

$

(1,896

)

Schedule of pre-tax changes in other comprehensive income

 

 

 

Amount

 

 

 

(in 000s)

 

Interest Rate Derivative Financial Instrument
OCI Rollforward:

 

Six Months Ended
December 31, 2013

 

Six Months Ended
December 31, 2012

 

Beginning balance

 

$

(9,616

)

$

(13,832

)

Amount recognized in OCI on derivative

 

833

 

(1,798

)

Amount reclassified from OCI into income

 

2,552

 

2,561

 

Unrealized gain (loss) on derivative financial instruments

 

$

(6,231

)

$

(13,069

)

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 December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate derivative financial instrument

 

$

2,013

 

$

 

$

2,013

 

$

(2,013

)

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 December 31, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivative financial instruments

 

$

(731

)

$

 

$

(731

)

$

 

$

 

$

(731

)

Interest rate derivative financial instrument

 

$

(8,244

)

$

 

$

(8,244

)

$

2,013

 

$

 

$

(6,231

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

December 31,
2013

 

June 30,
2013

 

 

 

(in 000s)

 

Raw materials

 

$

53,992

 

$

42,464

 

Work-in-process

 

1,900

 

1,508

 

Finished goods

 

42,845

 

24,435

 

Total

 

$

98,737

 

$

68,407