Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2020

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, 2020		June 30, 2020
Derivatives designated as hedging instruments
Other current assets - range forward contracts	$	1	$	4
Other assets - forward starting interest rate swap contracts	431		20
Other liabilities - forward starting interest rate swap contracts	(912)		(2,094)
Total derivatives designated as hedging instruments	(480)		(2,070)
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts	—		12
Other current liabilities - currency forward contracts	(747)		(45)
Total derivatives not designated as hedging instruments	(747)		(33)
Total derivatives	$	(1,227)	$	(2,103)

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

Losses related to derivatives not designated as hedging instruments have been recognized as follows:

	Three Months Ended September 30,
(in thousands)	2020		2019
Other income, net - currency forward contracts	$	719	$	102

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)	2020		2019
Gains recognized in other comprehensive income (loss), net	$	1,210	$	395
Losses reclassified from accumulated other comprehensive loss into cost of goods sold and other income, net	$	453	$	159