XML 38 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Mar. 31, 2016
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,
2016
 
June 30,
2015
Derivatives designated as hedging instruments
 
 
 
Other current assets - range forward contracts
$
12

 
$
2,626

Other current liabilities - range forward contracts
(285
)
 
—

Other liabilities - range forward contracts
(7
)
 
—

Total derivatives designated as hedging instruments
(280
)
 
2,626

Derivatives not designated as hedging instruments
 
 
 
Other current assets - currency forward contracts
143

 
52

Other current liabilities - currency forward contracts
(19
)
 
(44
)
Total derivatives not designated as hedging instruments
124

 
8

Total derivatives
$
(156
)
 
$
2,634
(Gains) losses related to derivatives not designated as hedging instruments
Gains 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)
2016
 
2015
 
2016
 
2015
Other (income) expense, net - currency forward contracts
$
(182
)
 
$
3,386

 
$
(116
)
 
$
(3,783
)
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)
2016
 
2015
 
2016
 
2015
(Losses) gains recognized in other comprehensive loss, net
$
(914
)
 
$
3,025

 
$
(637
)
 
$
5,738

Losses (gains) reclassified from accumulated other comprehensive loss into other (income) expense, net
$
629

 
$
(48
)
 
$
293

 
$
453