DERIVATIVE INSTRUMENTS

3 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

12. DERIVATIVE INSTRUMENTS

The Company is exposed to foreign currency exchange fluctuations and interest rate volatility through its global operations. The Company utilizes natural offsets to the fullest extent possible in order to identify net exposures. In the normal course of business, established policies and procedures are employed to manage these net exposures using a variety of financial instruments.

As of September 30, 2013 and June 30, 2013, the Company had foreign currency forward contracts with a notional value of $287.7 and $260.6, respectively, which mature at various dates through June 2014. These contracts are not designated as hedging instruments.

Quantitative Information

The fair value and presentation in the Condensed Consolidated Balance Sheets for derivative instruments not designated as hedging instruments as of September 30, 2013 and June 30, 2013 are presented below:

	Fair Value of Derivative Instruments
	Assets					Liabilities
		Fair Value as of					Fair Value as of
	Classification	September 30, 2013		June 30, 2013		Classification	September 30, 2013		June 30, 2013
Foreign exchange contracts	Prepaid expenses and other current assets	$	0.1	$	0.6	Accrued expenses and other current liabilities	$	1.3	$	0.8

The amount of gains and losses related to the Company’s derivative financial instruments not designated as hedging instruments during the three months ended September 30, 2013 and 2012 is presented below:

		(Loss) Recognized in Operations		Condensed Consolidated Statements of Operations Classification of (Loss)		Gain (Loss) Recognized in Operations		Condensed Consolidated Statements of Operations Classification of Gain (Loss)
		Three Months		Recognized in Operations		Three Months		Recognized in Operations
		Ended September 30, 2013				Ended September 30, 2012
Foreign exchange contracts	$	—		Interest expense, net	$	0.6		Interest expense, net
Foreign exchange contracts		(1.5	)	Cost of Sales		(1.3	)	Other expense