Derivatives and Hedging Activities (Tables)

12 Months Ended

Jun. 30, 2016

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:

	Fiscal Year Ended June 30,
	2016			2015			2014
	(in thousands)
Net foreign exchange derivative contract (gain) loss	$	(1,951	)	$	(5,364	)	$	3,640
Net foreign currency transactional and re-measurement (gain) loss	4,522			8,408			(3,024		)
Net foreign currency (gain) loss	$	2,571		$	3,044		$	616

Derivative Instruments

The Company has the following derivative instruments located on the Consolidated Balance Sheets and Income Statements, utilized for the risk management purposes detailed above:

	As of June 30, 2016
	Fair Value of  Derivatives Designated as  Hedge Instruments		Fair Value of  Derivatives Not Designated as Hedge Instruments
	(in thousands)
Derivative assets:(a)
Foreign exchange contracts	$	—	$	33
Derivative liabilities:(b)
Foreign exchange contracts	$	—	$	551

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

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