Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2011

Fair Value Measurements [Abstract]

Financial instruments at fair value on recurring basis

As of September 30, 2011, 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)	$	-	$	1,064	$	-	$	1,064
Total assets at fair value	$	-	$	1,064	$	-	$	1,064
Liabilities:
Derivatives (1)	$	-	$	20,721	$	-	$	20,721
Total liabilities at fair value	$	-	$	20,721	$	-	$	20,721

As of June 30, 2011, 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)	$	-	$	896	$	-	$	896
Total assets at fair value	$	-	$	896	$	-	$	896
Liabilities:
Derivatives (1)	$	-	$	3,330	$	-	$	3,330
Total liabilities at fair value	$	-	$	3,330	$	-	$	3,330

⁽¹⁾  Foreign currency derivative and interest rate swap contracts are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.