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Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of derivatives
(in thousands)December 31, 2024
June 30, 2024
Derivatives designated as hedging instruments
Other current assets - range forward contracts$1,472 $43 
Total derivatives designated as hedging instruments1,472 43 
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts$4 $48 
Other current liabilities - currency forward contracts(27)(89)
Total derivatives not designated as hedging instruments(23)(41)
Total derivatives$1,449 $2 
(Gains) losses related to derivatives not designated as hedging instruments related to derivatives not designated as hedging instruments have been recognized as follows:
Three Months Ended December 31,Six Months Ended December 31,
(in thousands)2024202320242023
Other income, net - currency forward contracts$2 $(93)$(12)$29 
Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location
As of December 31, 2024, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of:
Instrument
Notional
(CNY and EUR in thousands)(2)
Notional
(USD in thousands)(2)
Maturity
Foreign currency-denominated intercompany loan payable¥111,632 $15,294 February 2025
Foreign currency-denominated intercompany loan payable¥59,105 $8,097 April 2025
Foreign currency-denominated intercompany loan payable€7,093 $7,366 June 2025
Foreign currency-denominated intercompany loan payable€12,515 $12,999 June 2025
Foreign currency-denominated intercompany loan payable€14,060 $14,603 June 2025
Foreign currency-denominated intercompany loan payable€17,018 $17,675 June 2025
Foreign currency-denominated intercompany loan payable¥93,252 $12,776 August 2025
Foreign currency-denominated intercompany loan payable¥127,730 $17,499 October 2025
(2) Includes principal and accrued interest.
Schedule of Cash Hedges
The following represents gains (losses), net of tax, related to cash flow hedges:
Three Months Ended December 31,Six Months Ended December 31,
(in thousands)2024202320242023
Unrealized gain (loss) recognized in other comprehensive income$1,169 $(59)$1,085 $(59)
No portion of the gains or losses recognized in earnings was due to ineffectiveness and no amounts were excluded from our effectiveness testing for the three and six months ended December 31, 2024 and 2023.