Derivatives and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2015

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Derivative Contracts and Changes in Underlying Value of the Foreign Currency Exposures

Summarized financial information related to these derivative contracts and changes in the underlying value of the foreign currency exposures are as follows:

	Quarter ended
	September 30,
	2015			2014
	(in thousands)
Net foreign exchange derivative contract (gains) losses	$	(1,702	)	$	(1,414	)
Net foreign currency transactional and re-measurement (gains) losses	2,529			1,862
Net foreign currency (gains) losses	$	827		$	448

Derivative Instruments

The Company used the following derivative instruments, located on its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above:

	As of September 30, 2015
	Fair Value  of Derivatives Designated as Hedge Instruments		Fair Value  of Derivatives Not Designated as Hedge Instruments
	(in thousands)
Derivative assets:(a)
Forward foreign currency exchange contracts	$	—	$	71
Derivative liabilities:(b)
Forward foreign currency exchange contracts	$	—	$	676

(a) All derivative assets are recorded as prepaid expenses and other current assets in the Condensed Consolidated Balance Sheets.

(b) All derivative liabilities are recorded as accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets.