LONG TERM DEBT (Tables)

12 Months Ended

Jun. 30, 2018

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

	June 30,
	2018			2017
Bank credit facility – term loans	$	938,394		$	978,867
Bank credit facility – revolver loans		135,000			265,000
Principal amount of long-term debt		1,073,394			1,243,867
Less unamortized discounts and debt issuance costs		(11,054	)		(12,304	)
Total long-term debt		1,062,340			1,231,563
Less current portion		(46,920	)		(53,965	)
Long-term debt, net of current portion	$	1,015,420		$	1,177,598

Cash Flow Hedges

The effect of derivative instruments in the consolidated statements of operations and accumulated other comprehensive loss for the years ended June 30, 2018, 2017 and 2016 is as follows (in thousands):

	Interest Rate Swaps
	2018		2017		2016
Gain (loss) recognized in other comprehensive income	$	6,344	$	6,872	$	(14,859	)
Amounts reclassified to earnings from accumulated other comprehensive loss		1,129		7,715		8,867
Net current period other comprehensive income (loss)	$	7,473	$	14,587	$	(5,992	)

Aggregate Maturities of Long-term Debt

The aggregate maturities of long-term debt at June 30, 2018 are as follows (in thousands):

Year ending June 30,
2019	$	46,920
2020		46,920
2021		46,920
2022		93,839
2023		838,795
Principal amount of long-term debt		1,073,394
Less unamortized discounts and debt issuance costs		(11,054	)
Total long-term debt	$	1,062,340