Derivative Contracts (Tables)

12 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table sets forth the notional amounts of the Company’s hedging derivative instruments as of June 30, 2023 (in thousands, except for average interest rate):

	Notional Amounts of Derivative Instruments
	Notional Amount by Term to Maturity								Classification by Notional Amount
	Under 12 months		Over 12 months			Total			Cash Flow Hedge			Non Hedge		Total
Forward contracts	$	849,811	$	35,181		$	884,992		$	532,059		$	352,933	$	884,992
Interest rate swaps:
Notional amount	$	—	$	650,000		$	650,000		$	650,000		$	—	$	650,000
Average interest rate			0.81		%	0.81		%	0.81		%			0.81		%

The following table sets forth the notional amounts of the Company’s hedging derivative instruments as of June 30, 2022 (in thousands, except for average interest rate):

	Notional Amounts of Derivative Instruments
	Notional Amount by Term to Maturity								Classification by Notional Amount
	Under 12 months		Over 12 months			Total			Cash Flow Hedge			Non Hedge		Total
Forward contracts	$	612,523	$	37,015		$	649,538		$	401,534		$	248,004	$	649,538
Interest rate swaps:
Notional amount	$	—	$	650,000		$	650,000		$	650,000		$	—	$	650,000
Average interest rate			0.81		%	0.81		%	0.81		%			0.81		%

Schedule of Fair Value of Derivative Instruments

The fair value of the Company’s derivative instruments were as follows (in thousands):

		As of June 30,
	Balance Sheet Location	2023		2022
Derivative assets
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	3,177	$	—
Interest rate swaps	Prepaid expenses and other current assets	28,926		13,296
Interest rate swaps	Other non-current assets	28,215		30,367
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	Prepaid expenses and other current assets	3,892		389
Total derivative assets		$	64,210	$	44,052
Derivative liabilities
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	Accrued expenses and other current liabilities	$	9,657	$	18,208
Foreign exchange forward contracts	Other non-current liabilities	209		812
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	Accrued expenses and other current liabilities	248		5,080
Total derivative liabilities		$	10,114	$	24,100

Schedule of Pre-Tax Effects of Derivatives Designated as Cash Flow Hedging Instruments

The pre-tax effects of derivatives designated as cash flow hedging instruments on the consolidated financial statements were as follows (in thousands):

	Fiscal Year Ended June 30,
	2023		2022		2021
Beginning balance of accumulated gains (losses) in accumulated other comprehensive income	$	24,502	$	(2,936)	$	13,072
Gross unrealized gains recognized in other comprehensive income	17,952		11,421		19,069
Net (gains) losses reclassified from cash flow hedge in accumulated other comprehensive income into profit or loss:
Recognized in cost of revenues	1,831		525		(1,326)
Recognized in research and development	16,890		10,513		(28,490)
Recognized in marketing and sales	1,337		220		(400)
Recognized in general and administrative	5,563		1,606		(4,861)
Recognized in interest	(19,905)		3,153		—
Ending balance of accumulated gains (losses) in accumulated other comprehensive income	$	48,170	$	24,502	$	(2,936)