Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Financial instruments at fair value on recurring basis

As of June 30, 2024, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows: 

(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	91	$	—	$	91
Total assets at fair value	$	—	$	91	$	—	$	91
Liabilities:
Derivatives (1)	$	—	$	89	$	—	$	89
Total liabilities at fair value	$	—	$	89	$	—	$	89

As of June 30, 2023, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:

(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	68	$	—	$	68
Total assets at fair value	$	—	$	68	$	—	$	68
Liabilities:
Derivatives (1)	$	—	$	100	$	—	$	100
Total liabilities at fair value	$	—	$	100	$	—	$	100

 

 (1) Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.

There have been no changes in classification and transfers between levels in the fair value hierarchy in the current period.