Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2012

Financial instruments at fair value on recurring basis

As of September 30, 2012, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	212	$	—	$	212
Total assets at fair value	$	—	$	212	$	—	$	212

Liabilities:
Derivatives⁽¹⁾	$	—	$	822	$	—	$	822
Total liabilities at fair value	$	—	$	822	$	—	$	822

As of June 30, 2012, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	1,855	$	—	$	1,855
Total assets at fair value	$	—	$	1,855	$	—	$	1,855

Liabilities:
Derivatives ⁽¹⁾	$	—	$	193	$	—	$	193
Total liabilities at fair value	$	—	$	193	$	—	$	193

⁽¹⁾ Foreign currency derivative and interest rate swap contracts are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.