Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2013

Financial instruments at fair value on recurring basis

As of March 31, 2013, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	244	$	—	$	244
Total assets at fair value	$	—	$	244	$	—	$	244

Liabilities:
Derivatives⁽¹⁾	$	—	$	134	$	—	$	134
Total liabilities at fair value	$	—	$	134	$	—	$	134

As of June 30, 2012, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	1,855	$	—	$	1,855
Total assets at fair value	$	—	$	1,855	$	—	$	1,855

Liabilities:
Derivatives ⁽¹⁾	$	—	$	193	$	—	$	193
Total liabilities at fair value	$	—	$	193	$	—	$	193

⁽¹⁾ Foreign currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.