Derivatives and Hedging Activities (Tables)

12 Months Ended

Jun. 30, 2021

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:

	Fiscal year ended June 30,
	2021		2020		2019
	(in thousands)
Net foreign exchange derivative contract losses (gains)	$	3,462	$	(3,975)	$	235
Net foreign currency transactional and re-measurement (gains) losses	(2,617)		4,500		400
Net foreign currency losses	$	845	$	525	$	635

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

The components of the cash flow hedge included in accumulated other comprehensive (loss) income, net of income taxes, in the Consolidated Statements of Shareholders’ Equity, are as follows:

	Fiscal Year Ended June 30,
	2021		2020		2019
	(in thousands)
Net interest expense (income) recognized as a result of interest rate swap	$	2,250	$	799	$	(233)
Unrealized gain (loss) in fair value of interest swap rates	731		(6,900)		(4,159)
Net increase in accumulated other comprehensive income (loss)	2,981		(6,101)		(4,392)
Income tax effect	(732)		1,455		1,115
Net increase (decrease) in accumulated other comprehensive income, net of tax	$	2,249	$	(4,646)	$	(3,277)

Schedule of Derivative Instruments

The Company has the following derivative instruments for continuing operations located on the Consolidated Balance Sheets as of June 30, 2021, utilized for the risk management purposes detailed above:

	June 30, 2021
	Balance Sheet Location	Fair Value of  Derivatives Designated as  Hedge Instruments		Fair Value of  Derivatives Not Designated as Hedge Instruments
		(in thousands)
Derivative assets:
Foreign currency hedge	Other current assets	$	187	$	—
Derivative liabilities:
Foreign exchange contracts	Accrued expenses and other current liabilities	$	—	$	5
Interest rate swap agreement	Other current liabilities	$	6,280	$	—

The Company has the following derivative instruments located on the Consolidated Balance Sheets as of June 30, 2020, utilized for the risk management purposes detailed above:

	June 30, 2020
	Balance Sheet Location	Fair Value of  Derivatives Designated as  Hedge Instruments		Fair Value of  Derivatives Not Designated as Hedge Instruments
		(in thousands)
Derivative liabilities:
Foreign exchange contracts	Accrued expenses and other current liabilities	$	—	$	26
Interest rate swap agreement	Other current liabilities	$	9,433	$	—