XML 40 R30.htm IDEA: XBRL DOCUMENT v3.25.4
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivatives
The fair value of derivatives designated and not designated as hedging instruments in the condensed consolidated balance sheets are as follows:
(in thousands)December 31, 2025
June 30, 2025
Derivatives designated as hedging instruments
Other current assets - range forward contracts$$— 
Other current liabilities - range forward contracts— (9)
Total derivatives designated as hedging instruments(9)
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts$83 $88 
Other current liabilities - currency forward contracts(2)(72)
Total derivatives not designated as hedging instruments81 16 
Total derivatives$85 $
Schedule of (gains) losses related to derivatives not designated as hedging instruments These contracts are recorded at fair value in the condensed consolidated balance sheets, with the offset to other income, net. (Gains) losses related to derivatives not designated as hedging instruments have been recognized as follows:
Three Months Ended December 31,Six Months Ended December 31,
(in thousands)2025202420252024
Other income, net $(23)$$(20)$(12)
Schedule of cash flow hedges
The following represents (losses) gains, net of tax, related to cash flow hedges:
Three Months Ended December 31,Six Months Ended December 31,
(in thousands)2025202420252024
Unrealized (loss) gain recognized in other comprehensive income (loss)$(186)$1,169 $(194)$1,085 
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, 2025 and 2024.
Schedule of foreign currency-denominated intercompany loans payable designated as net investment hedges
As of December 31, 2025, 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 payable10,065 $11,838 June 2026
Foreign currency-denominated intercompany loan payable5,012 $5,895 June 2026
Foreign currency-denominated intercompany loan payable¥86,351 $12,348 August 2026
Foreign currency-denominated intercompany loan payable¥83,532 $11,945 September 2026
(2) Includes principal and accrued interest.