Derivatives and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2018

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule of 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,
	2018		2017
	(in thousands)
Net foreign exchange derivative contract (gains) losses	$	16	$	821
Net foreign currency transactional and re-measurement (gains) losses	81		(633		)
Net foreign currency (gains) losses	$	97	$	188

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The components of the cash flow hedge included in accumulated other comprehensive income (loss), net of income taxes, in the Condensed Consolidated Balance Sheets, are as follows:

	Quarter ended
	September 30,
	2018			2017
	(in thousands)
Net interest (income) expense recognized as a result of interest rate swap	$	(29	)	$	69
Unrealized gain (loss) in fair value of interest rate swap	222			(23		)
Net increase (decrease) in accumulated other comprehensive income (loss)	$	193		$	46
Income tax effect	47			17
Net increase (decrease) in accumulated other comprehensive income (loss), net of tax	$	146		$	29

Schedule of Derivative Instruments

The Company used the following derivative instruments as of September 30, 2018 and June 30, 2018, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above:

		September 30, 2018				June 30, 2018
	Balance Sheet Location	Fair Value  of Derivatives Designated  as Hedge Instruments		Fair Value  of Derivatives Not Designated as  Hedge Instruments		Fair Value  of Derivatives Designated as Hedge Instruments		Fair Value  of Derivatives Not Designated as Hedge Instruments
		(in thousands)
Derivative assets:
Foreign exchange contracts	Prepaid expenses and other current assets	$	—	$	250	$	—	$	157
Interest rate swap agreement	Other non-current assets	$	1,797	$	—	$	1,604	$	—
Derivative liabilities:
Foreign exchange contracts	Accrued expenses and other current liabilities	$	—	$	196	$	—	$	156