Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivatives

The fair value of derivatives designated and not designated as hedging instruments in the condensed consolidated balance sheet are as follows:

(in thousands)	September 30, 2014			June 30, 2014
Derivatives designated as hedging instruments
Other current assets - range forward contracts	$	2,631		$	184
Other current liabilities - range forward contracts	—			(6		)
Other assets - range forward contracts	—			42
Total derivatives designated as hedging instruments	2,631			220
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts	3,803			27
Other current liabilities - currency forward contracts	(101		)	(1,047		)
Total derivatives not designated as hedging instruments	3,702			(1,020		)
Total derivatives	$	6,333		$	(800	)

(Gains) losses related to derivatives not designated as hedging instruments

(Gains) losses related to derivatives not designated as hedging instruments have been recognized as follows:

	Three Months Ended September 30,
(in thousands)	2014			2013
Other (income) expense, net - currency forward contracts	$	(4,896	)	$	42

Gains and losses related to cash flow hedges

The following represents gains and losses related to cash flow hedges:

	Three Months Ended September 30,
(in thousands)	2014		2013
Gains (losses) recognized in other comprehensive income, net	$	1,507	$	(570	)
Losses reclassified from accumulated other comprehensive loss into other expense (income), net	$	350	$	390