XML 50 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Derivative Instruments (Tables)
 3 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Fair Values of the Interest Rate Swap
The fair values of the interest rate swaps and their respective locations in our consolidated balance sheets at September 30, 2019 and June 30, 2019 were as follows:
Description
Balance Sheet Location
 
September 30, 2019
 
June 30, 2019
Derivative interest rate swaps
 
 
(in thousands)
Short-term derivative liability
Accrued expenses and other current liabilities
 
$
233

 
$
37

Long-term derivative liability
Other liabilities
 
$
1,729

 
$
1,248
Summary of Effect of Derivative Interest Rate Swap and Related Tax Effects in AOCI
The following table presents the effect of the derivative interest rate swaps in our consolidated statement of comprehensive loss for the three months ended September 30, 2019 and 2018.
 
Gain (Loss) in AOCI June 30, 2019
 
Amount of Gain (Loss) Recognized in OCI on Derivative Instruments (Effective Portion)
 
Amount of (Gain) Loss Reclassified from AOCI into Net Loss (Effective Portion) (1)
 
Gain (Loss) in AOCI September 30, 2019
 
(in thousands)
Derivative interest rate swap
$
(1,285
)
 
$
(595
)
 
$
(82
)
 
$
(1,962
)
 
 
 
 
 
 
 
 
 
Gain (Loss) in AOCI June 30, 2018
 
Amount of Gain (Loss) Recognized in OCI on Derivative Instruments (Effective Portion)
 
Amount of (Gain) Loss Reclassified from AOCI into Net Loss (Effective Portion) (1)
 
Gain (Loss) in AOCI September 30, 2018
 
(in thousands)
Derivative interest rate swap
$
2,590

 
$
368

 
$
(41
)
 
$
2,917