Derivatives (Tables)

3 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following table shows the notional amount and fair value of our foreign exchange cash flow hedging instruments as of September 30, 2023 and June 30, 2023:

Settlement date	Hedged currency	Foreign currency rate	Notional amount ($000s)		Fair Value ($000s)
Foreign currency option contracts - liabilities
October 5, 2023 through September 23, 2024	PHP	52.50 - 57.90	$	34,251
Fair value as of June 30, 2023					$	100
Fair value as of September 30, 2023					$	316

Schedule of Unrealized Net Gain (Loss) in AOCI

The table below summarizes the aggregate unrealized net loss in AOCI:

	Three months ended September 30,
($000s)	2023		2022
Aggregate unrealized net loss, beginning of the period	$	180	$	857
Add: Net loss / (gain) from change in fair value of cash flow hedges	235		(168)
Less: Net loss reclassified to earnings from effective hedges	(41)		(554)
Aggregate unrealized net loss, end of the period	$	374	$	135

The following table presents changes by component:

($000s)	Foreign Currency Translation Adjustment		Derivative Valuation		Defined Benefit Plan		Total
Balance as of June 30, 2022	$	(4,026)	$	(639)	$	103	$	(4,562)
Foreign currency translation	(1,677)		—		—		(1,677)
Unrealized gain on cash flow hedges	—		338		—		338
Reclassifications to earnings	—		(599)		—		(599)
Balance as of September 30, 2022	$	(5,703)	$	(900)	$	103	$	(6,500)

($000s)	Foreign Currency Translation Adjustment		Derivative Valuation		Defined Benefit Plan		Total
Balance as of June 30, 2023	$	(6,260)	$	(124)	$	72	$	(6,312)
Foreign currency translation	(701)		—		—		(701)
Unrealized loss on cash flow hedges	—		(235)		—		(235)
Reclassifications to earnings	—		41		—		41
Balance as of September 30, 2023	$	(6,961)	$	(318)	$	72	$	(7,207)