Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Mar. 31, 2015

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)	March 31, 2015			June 30, 2014
Derivatives designated as hedging instruments
Other current assets - range forward contracts	$	5,862		$	184
Other current liabilities - range forward contracts	—			(6		)
Other assets - range forward contracts	—			42
Total derivatives designated as hedging instruments	5,862			220
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts	3,790			27
Other current liabilities - currency forward contracts	(1,096		)	(1,047		)
Total derivatives not designated as hedging instruments	2,694			(1,020		)
Total derivatives	$	8,556		$	(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 March 31,					Nine Months Ended March 31,
(in thousands)	2015		2014			2015			2014
Other (income) expense, net - currency forward contracts	$	3,386	$	(178	)	$	(3,783	)	$	(64	)

Gains and losses related to cash flow hedges

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

	Three Months Ended March 31,						Nine Months Ended March 31,
(in thousands)	2015			2014			2015		2014
Gains (losses) recognized in other comprehensive loss (income), net	$	3,025		$	(8	)	$	5,738	$	(851	)
(Gains) losses reclassified from accumulated other comprehensive loss into other (income) expense, net	$	(48	)	$	340		$	453	$	1,054