DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

As of June 30, 2022, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative	Number of Instruments	Notional Amount
Interest Rate Swap	8	$630,000

As of June 30, 2022, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations:

Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased
Cross-currency swap	4	€100,300	$105,804

As of June 30, 2022, the Company had the following outstanding foreign currency derivatives that were used to hedge changes in fair value attributable to foreign exchange risk:

Foreign Currency Derivative	Number of Instruments	Notional Sold	Notional Purchased
Cross-currency swap	1	€24,700	$26,021

Schedule of Cumulative Basis Adjustment for Fair Value Hedges

As of June 30, 2022, the following amounts were recorded on the balance sheet related to cumulative basis adjustment for fair value hedges:

	Carrying Amount of the Hedged Asset				Cumulative Amount of Fair Value Hedge Adjustment Included in the Carrying Amount of the Hedged Asset
	2022		2021		2022		2021
Intercompany loan receivable	$	25,899	$	—	$	122	$	—
Total	$	25,899	$	—	$	122	$	—

Derivative Financial Instruments and Classification on Consolidated Balance Sheets

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of June 30, 2022:

	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Prepaid expenses and other current assets	$	4,230	Accrued expenses and other current liabilities / Other non-current liabilities	$	3,184
Cross-currency swaps	Prepaid expenses and other current assets / Other non-current assets	3,246		Other non-current liabilities	—
Total derivatives designated as hedging instruments		$	7,476		$	3,184

The following table presents the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of June 30, 2021:

	Asset Derivatives			Liability Derivatives
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Prepaid expenses and other current assets	$	43	Accrued expenses and other current liabilities / Other noncurrent liabilities	$	312
Cross-currency swaps	Prepaid expenses and other current assets	656		Other noncurrent liabilities	11,656
Total derivatives designated as hedging instruments		$	699		$	11,968

Pre-Tax Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Loss

The following table presents the pre-tax effect of cash flow hedge accounting on AOCL as of June 30, 2022, 2021 and 2020:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives						Location of Gain (Loss) Reclassified from AOCL into Income	Amount of Gain (Loss) Reclassified from AOCL into Income
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2022		2021		2020			2022		2021		2020
Interest rate swaps	$	1,341	$	279	$	(817)	Interest and other financing expense, net	$	27	$	(308)	$	(40)
Cross-currency swaps	3,129		(1,366)		(1,069)		Interest and other financing expense, net / Other expense (income), net	3,296		(1,398)		927
Foreign currency forward contracts	(93)		(78)		95		Cost of sales	108		(67)		(103)
Total	$	4,377	$	(1,165)	$	(1,791)		$	3,431	$	(1,773)	$	784

The following table presents the pre-tax effect of fair value hedge accounting on AOCL as of June 30, 2022, 2021 and 2020:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain Recognized in AOCL on Derivatives						Location of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain Reclassified from AOCL into Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2022		2021		2020			2022		2021		2020
Cross-currency swaps	$	708	$	—	$	—	Interest and other financing expense, net	$	75	$	—	$	—
Total	$	708	$	—	$	—		$	75	$	—	$	—

Pre-Tax Effect of Derivative Financial Instruments Electing Cash Flow Hedge Accounting on Consolidated Statements of Operations

The following table presents the pre-tax effect of the Company’s derivative financial instruments electing cash flow hedge accounting on the Consolidated Statements of Operations as of June 30, 2022 and 2021:

				Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Cash Flow Hedging Relationships
				Fiscal Year Ended June 30, 2022						Fiscal Year Ended June 30, 2021
				Cost of sales		Interest and other financing expense, net		Other expense (income), net		Cost of sales		Interest and other financing expense, net		Other expense (income), net
The effects of cash flow hedging:
	Gain (loss) on cash flow hedging relationships
		Interest rate swaps
			Amount of gain (loss) reclassified from AOCL into income			$	27			$	—	$	(308)	$	—
		Cross-currency swaps
			Amount of gain (loss) reclassified from AOCL into income			$	78	$	3,218	$	—	$	158	$	(1,556)
		Foreign currency forward contracts
			Amount of gain (loss) reclassified from AOCL into income	$	108					$	(67)	$	—	$	—

The following table presents the pre-tax effect of the Company’s derivative financial instruments electing fair value hedge accounting on the Consolidated Statements of Operations as of June 30, 2022 and 2021:

				Location and Amount of Gain (Loss) Recognized in the Consolidated Statements of Operations on Fair Value Hedging Relationships
				Fiscal Year Ended June 30, 2022						Fiscal Year Ended June 30, 2021
				Cost of sales		Interest and other financing expense, net		Other expense (income), net		Cost of sales		Interest and other financing expense, net		Other expense (income), net
The effects of fair value hedging:
	Gain on fair value hedging relationships
		Cross-currency swaps
			Amount of gain reclassified from AOCL into income	$	—	$	75	$	122	$	—	$	—	$	—

Pre-Tax Effect of Net Investment Hedges on Accumulated Other Comprehensive Loss and the Consolidated Statements of Operations

The following table presents the pre-tax effect of the Company’s net investment hedges on Accumulated other comprehensive loss and the Consolidated Statements of Operations as of June 30, 2022, 2021 and 2020:

Derivatives in Net Investment Hedging Relationships	Amount of Gain (Loss) Recognized in AOCL on Derivatives						Location of Gain (Loss) Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)	Amount of Gain (Loss) Recognized in Income on Derivatives (Amount Excluded from Effectiveness Testing)
	Fiscal Year Ended June 30,							Fiscal Year Ended June 30,
	2022		2021		2020			2022		2021		2020
Cross-currency swaps	$	12,599	$	(4,251)	$	(3,529)	Interest and other financing expense, net	$	772	$	498	$	98

Pre-Tax Effect of Derivative Financial Instruments Not Designated as Hedging Instruments on the Consolidated Statements of Operations

The following table presents the effect of the Company’s derivative financial instruments that are not designated as hedging instruments on the Consolidated Statements Operations as of June 30, 2022, 2021 and 2020:

Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivatives
		Fiscal Year Ended June 30,
		2022		2021		2020
Foreign currency forward contracts	Other expense (income), net	$	—	$	(399)	$	119