Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2019

Financial instruments at fair value on recurring basis

As of June 30, 2019, 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⁾	$	—	$	152	$	—	$	152
Total assets at fair value	$	—	$	152	$	—	$	152

Liabilities:
Derivatives⁽¹⁾	$	—	$	55	$	—	$	55
Total liabilities at fair value	$	—	$	55	$	—	$	55

As of June 30, 2018, 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⁾	$	—	$	1,665	$	—	$	1,665
Total assets at fair value	$	—	$	1,665	$	—	$	1,665

Liabilities:
Derivatives ⁽¹⁾	$	—	$	207	$	—	$	207
Total liabilities at fair value	$	—	$	207	$	—	$	207

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

There have been no changes in classification and transfers between levels in the fair value hierarchy in the current period.