Derivatives and Hedging Activities (Tables)

12 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of June 30, 2024, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional Amount
Interest rate swap	4	$	400,000

As of June 30, 2024, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations:

Foreign Currency Derivative	Number of Instruments	Notional Sold		Notional Purchased
Cross-currency swap	4	€	100,300	$	105,804

As of June 30, 2024, the Company had the following outstanding foreign currency derivatives that were used to hedge changes in fair value attributable to foreign exchange risk:

Foreign Currency Derivative	Number of Instruments	Notional Sold		Notional Purchased
Cross-currency swap	1	€	24,700	$	26,021

As of June 30, 2024, the following amounts were recorded on the consolidated balance sheets related to cumulative basis adjustment for fair value hedges:

	Carrying Amount of the Hedged Asset				Cumulative Amount of Fair Value Hedge Adjustment Included in the Carrying Amount of the Hedged Asset
	Fiscal Year Ended June 30,				Fiscal Year Ended June 30,
	2024		2023		2024			2023
Intercompany loan receivable	$	26,465	$	26,945	$	(480	)	$	924

Schedule of 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, 2024:

	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Prepaid expenses and other current assets	$	7,455	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets		5,151	Other noncurrent liabilities		—
Cross-currency swaps	Prepaid expenses and other current assets		2,376	Accrued expenses and other current liabilities		—
Cross-currency swaps	Other noncurrent assets		—	Other noncurrent liabilities		3,333
Total derivatives designated as hedging instruments		$	14,982		$	3,333

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, 2023:

	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Prepaid expenses and other current assets	$	8,649	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets		5,974	Other noncurrent liabilities		—
Cross-currency swaps	Prepaid expenses and other current assets		2,365	Accrued expenses and other current liabilities		—
Cross-currency swaps	Other noncurrent assets		—	Other noncurrent liabilities		3,160
Total derivatives designated as hedging instruments		$	16,988		$	3,160

Schedule of 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, 2024, 2023 and 2022:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives							Location of Gain (Loss) Reclassified from AOCL into Income (Expense)	Location of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Fiscal Year Ended June 30,								Fiscal Year Ended June 30,
	2024		2023		2022				2024		2023			2022
Interest rate swaps	$	7,300	$	20,413	$	1,341		Interest and other financing expense, net	$	9,348	$	6,918		$	27
Cross-currency swaps		—		—		3,129		Interest and other financing expense, net / Other expense (income), net		—		(275	)		3,296
Foreign currency forward contracts		50		80		(93	)	Cost of sales		9		—			108
	$	7,350	$	20,493	$	4,377			$	9,357	$	6,643		$	3,431

The following table presents the pre-tax effect of fair value hedge accounting on AOCL as of June 30, 2024, 2023 and 2022:

Derivatives in Fair Value Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives							Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Fiscal Year Ended June 30,								Fiscal Year Ended June 30,
	2024		2023			2022			2024		2023		2022
Cross-currency swaps	$	454	$	(310	)	$	708	Interest and other financing expense, net	$	490	$	489	$	75
	$	454	$	(310	)	$	708		$	490	$	489	$	75

Schedule of 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, 2024 and 2023:

	Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Cash Flow Hedging Relationships
	Fiscal Year Ended June 30, 2024						Fiscal Year Ended June 30, 2023							Fiscal Year Ended June 30, 2022
	Cost of sales		Interest and other financing expense, net		Other expense (income), net		Cost of sales		Interest and other financing expense, net			Other expense (income), net		Cost of sales		Interest and other financing expense, net		Other expense (income), net
The effects of cash flow hedging:
Gain (loss) on cash flow hedging relationships
Interest rate swaps
Amount of gain reclassified from AOCL into income	$	—	$	9,348	$	—	$	—	$	6,918		$	—	$	—	$	27	$	—
Cross-currency swaps
Amount of (loss) gain reclassified from AOCL into (expense) income	$	—	$	—	$	—	$	—	$	(275	)	$	—	$	—	$	78	$	3,218
Foreign currency forward contracts
Amount of gain reclassified from AOCL into income	$	—	$	9	$	—	$	—	$	—		$	—	$	108	$	—	$	—

The following table presents the pre-tax effect of the Company’s derivative financial instruments electing fair value hedge accounting on the consolidated statements of operations as of June 30, 2024 and 2023:

	Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Fair Value Hedging Relationships
	Fiscal Year Ended June 30, 2024						Fiscal Year Ended June 30, 2023							Fiscal Year Ended June 30, 2022
	Cost of sales		Interest and other financing expense, net		Other expense (income), net		Cost of sales		Interest and other financing expense, net			Other expense (income), net		Cost of sales		Interest and other financing expense, net		Other expense (income), net
The effects of fair value hedging:
Gain on fair value hedging relationships
Cross-currency swaps
Amount of gain (loss) reclassified from AOCL into income (expense)	$	—	$	970	$	—	$	—	$	(557	)	$	—	$	—	$	75	$	122

Schedule of 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, 2024, 2023 and 2022:

Derivatives in Net Investment Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives							Location of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Fiscal Year Ended June 30,								Fiscal Year Ended June 30,
	2024		2023			2022			2024		2023		2022
Cross-currency swaps	$	1,843	$	(1,279	)	$	12,599	Interest and other financing expense, net	$	1,969	$	1,963	$	772