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DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
As of June 30, 2021, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate DerivativeNumber of InstrumentsNotional Amount
Interest Rate Swap4$230,000
As of June 30, 2021, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risks:

Foreign Currency DerivativeNumber of InstrumentsNotional SoldNotional Purchased
Cross-currency swap1€24,700$26,775
As of June 30, 2021, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations:

Foreign Currency DerivativeNumber of InstrumentsNotional SoldNotional Purchased
Cross-currency swap2€76,969$83,225
Derivative Financial Instruments and Classification on Consolidated Balance Sheets
The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of June 30, 2021:

Asset DerivativesLiability Derivatives
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivatives designated as hedging instruments:
Interest rate swapsPrepaid expenses and other current assets$43 Accrued expenses and other current liabilities / Other noncurrent liabilities$312 
Cross-currency swapsPrepaid expenses and other current assets656 Other noncurrent liabilities11,656 
Total derivatives designated as hedging instruments$699 $11,968 
The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of June 30, 2020:

Asset DerivativesLiability Derivatives
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivatives designated as hedging instruments:
Interest rate swapsPrepaid expenses and other current assets$— Accrued expenses and other current liabilities / Other noncurrent liabilities$856 
Cross-currency swapsPrepaid expenses and other current assets746 Other noncurrent liabilities5,475 
Foreign currency forward contractsPrepaid expenses and other current assets75 Other noncurrent liabilities— 
Total derivatives designated as hedging instruments821 6,331 
Derivatives not designated as hedging instruments:
Foreign currency forward contractsPrepaid expenses and other current assets193 Accrued expenses and other current liabilities74 
Total derivative instruments$1,014 $6,405 
Pre-Tax Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss
The following table presents the pre-tax effect of cash flow hedge accounting on AOCL as of June 30, 2021, 2020 and 2019:

Derivatives in Cash Flow Hedging RelationshipsAmount of Gain (Loss) Recognized in AOCL on DerivativesLocation of Gain (Loss) Reclassified from AOCL into IncomeAmount of Gain (Loss) Reclassified from AOCL into Income
Fiscal Year Ended June 30,Fiscal Year Ended June 30,
202120202019202120202019
Interest rate swaps$279 $(817)$— Interest and other financing expense, net$(308)$(40)$— 
Cross-currency swaps(1,366)(1,069)— Interest and other financing expense, net / Other expense (income), net(1,398)927 — 
Foreign currency forward contracts(78)95 113 Cost of sales(67)(103)(30)
Total$(1,165)$(1,791)$113 $(1,773)$784 $(30)
Pre-Tax Effect of Derivative Financial Instruments Electing Cash Flow Hedge Accounting on Consolidated Statements of Operations
The following table presents the pre-tax effect of the Company’s derivative financial instruments electing cash flow hedge accounting on the Consolidated Statements of Operations as of June 30, 2021 and 2020:

Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Cash Flow Hedging Relationships
Fiscal Year Ended June 30, 2021
Fiscal Year Ended June 30, 2020
Cost of salesInterest and other financing expense, netOther expense (income), netCost of salesInterest and other financing expense, netOther expense (income), net
The effects of cash flow hedging:
Gain (loss) on cash flow hedging relationships
Interest rate swaps
Amount of gain (loss) reclassified from AOCL into income$— $(308)$— $— $40 $— 
Cross-currency swaps
Amount of gain (loss) reclassified from AOCL into income$— $158 $(1,556)$— $32 $(959)
Foreign currency forward contracts
Amount of gain (loss) reclassified from AOCL into income$(67)$— $— $103 $— $— 
Pre-Tax Effect of Net Investment Hedges on Accumulated Other Comprehensive Loss and the Consolidated Statements of Operations
The following table presents the pre-tax effect of the Company’s net investment hedges on Accumulated other comprehensive loss and the Consolidated Statements of Operations as of June 30, 2021, 2020 and 2019:

Derivatives in Net Investment Hedging RelationshipsAmount of Gain (Loss) Recognized in AOCL on DerivativesLocation of Gain (Loss) Recognized in Income on DerivativesAmount of Gain (Loss) Recognized in Income on Derivatives
Fiscal Year Ended June 30,Fiscal Year Ended June 30,
202120202019202120202019
Cross-currency swaps$(4,251)$(3,529)$— Interest and other financing expense, net$498 $98 $— 
Pre-Tax Effect of Derivative Financial Instruments Not Designated as Hedging Instruments on the Consolidated Statements of Operations
The following table presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the Consolidated Statements Operations as of June 30, 2021, 2020 and 2019:

Derivatives Not Designated as Hedging InstrumentsLocation of Gain (Loss) Recognized in Income on DerivativeAmount of Gain (Loss) Recognized in Income on Derivatives
Fiscal Year Ended June 30,
202120202019
Foreign currency forward contractsOther expense (income), net$(399)$119 $440