DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Sep. 30, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets

The effect of these derivative instruments on our Condensed Consolidated Financial Statements for the periods indicated below were as follows (amounts presented do not include any income tax effects).

Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets (see note 16 "Fair Value Measurement")

As of September 30, 2020

As of June 30, 2020

Derivatives

Balance Sheet Location

Fair Value
Asset (Liability)

Foreign currency forward contracts designated as cash flow hedges

Prepaid expenses and other current assets (Accounts payable and accrued liabilities)

753

(185)

Effects of Derivative Instruments on Income and Other Comprehensive Income (OCI)

Three Months Ended September 30, 2020

Derivatives in Cash Flow Hedging Relationship

Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)

Location of Gain or (Loss)
Reclassified from Accumulated OCI into Income
(Effective Portion)

Amount of Gain or (Loss)
Reclassified from Accumulated OCI into Income
(Effective Portion)

Foreign currency forward contracts

1,150

Operating expenses

212

Three Months Ended September 30, 2019