Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Mar. 31, 2020

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, 2020			June 30, 2019
Derivatives designated as hedging instruments
Other current assets - range forward contracts	$	170		$	145
Other assets - forward starting interest rate swap contracts	89			—
Other liabilities - forward starting interest rate swap contracts	(1,614		)	—
Total derivatives designated as hedging instruments	(1,355		)	145
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts	30			8
Other current liabilities - currency forward contracts	(264		)	(56		)
Total derivatives not designated as hedging instruments	(234		)	(48		)
Total derivatives	$	(1,589	)	$	97

Losses (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)	2020		2019			2020		2019
Other income, net - currency forward contracts	$	220	$	(11	)	$	231	$	65

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



	Three Months Ended March 31,					Nine Months Ended March 31,
(in thousands)	2020			2019		2020			2019
(Losses) gains recognized in other comprehensive (loss) income, net	$	(999	)	$	695	$	(143	)	$	603
Losses reclassified from accumulated other comprehensive loss into cost of goods sold and other income, net	$	457		$	403	$	1,007		$	1,500

As of March 31, 2020, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of:



Instrument	Notional (EUR in thousands)⁽²⁾		Notional (USD in thousands)⁽²⁾		Maturity
Foreign currency-denominated intercompany loan payable	€	28,727	$	31,517	June 26, 2022
Foreign currency-denominated intercompany loan payable	20,091		22,043		November 22, 2021

⁽²⁾ Includes principal and accrued interest.