Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Financial instruments at fair value on recurring basis

As of June 30, 2022, 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)	$	—	$	176	$	—	$	176
Total assets at fair value	$	—	$	176	$	—	$	176
Liabilities:
Derivatives (1)	$	—	$	574	$	—	$	574
Total liabilities at fair value	$	—	$	574	$	—	$	574

As of June 30, 2021, 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)	$	—	$	36	$	—	$	36
Total assets at fair value	$	—	$	36	$	—	$	36
Liabilities:
Derivatives (1)	$	—	$	87	$	—	$	87
Total liabilities at fair value	$	—	$	87	$	—	$	87

 

 (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.