Long-term Debt (Tables)

9 Months Ended

Mar. 31, 2017

Long-term debt consisted of the following (in thousands):

	March 31,			June 30,
	2017			2016
Bank credit facility – term loans	$	992,358		$	1,032,833
Bank credit facility – revolver loans		302,000			440,000
Principal amount of long-term debt		1,294,358			1,472,833
Less unamortized debt issuance costs		(13,417	)		(16,789	)
Total long-term debt		1,280,941			1,456,044
Less current portion		(53,965	)		(53,965	)
Long-term debt, net of current portion	$	1,226,976		$	1,402,079

Cash Flow Hedges

The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the three and nine months ended March 31, 2017 and 2016 is as follows (in thousands):

	Three Months Ended					Nine Months Ended
	March 31,					March 31,
	2017		2016			2017		2016
Gain (loss) recognized in other comprehensive income	$	124	$	(5,621	)	$	8,649	$	(9,637	)
Amounts reclassified to earnings from accumulated other comprehensive loss		1,921		2,040			6,295		6,854
Net current period other comprehensive income (loss)	$	2,045	$	(3,581	)	$	14,944	$	(2,783	)

Aggregate Maturities of Long-term Debt

The aggregate maturities of long-term debt at March 31, 2017 are as follows (in thousands):

Twelve months ending March 31,
2017	$	53,965
2018		94,438
2019		107,930
2020		1,038,025
Principal amount of long-term debt		1,294,358
Less unamortized debt issuance costs		(13,417	)
Total long-term debt	$	1,280,941