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Derivative Instruments and Hedging Activities
 12 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities
Fair Values of Derivative Instruments
The following table presents our assets and liabilities related to derivative instruments on a gross basis within the consolidated balance sheets (in thousands):
June 30,
2024		June 30,
2023		Balance Sheet Caption
Derivative Assets
Not Designated as Hedging Instruments
Foreign currency hedging instruments$2,343 $2,126 Prepaid expenses and other current assets
Foreign currency hedging instruments89 279 Prepaid taxes and other non-current assets
Total derivative assets$2,432 $2,405 
Derivative Liabilities
Designated as Hedging Instruments
Foreign cross-currency swaps – Fair Value Hedge$10,472 $19,743 Other long-term liabilities
Foreign cross-currency swaps – Net Investment Hedge21,270 40,803 Other long-term liabilities
Not Designated as Hedging Instruments
Foreign currency hedging instruments4,654 9,558 Accrued expenses
Foreign currency hedging instruments142 595 Other long-term liabilities
Total derivative liabilities$36,538 $70,699 
Fair Value Hedge Gains (Losses)
We recognized the following gains (losses) on the foreign cross currency swaps designated as fair value hedges (in thousands):
Twelve Months Ended
June 30,
202420232022
Gain (loss) recognized in other comprehensive income (loss)$3,329 $(5,414)$— 
Gain (loss) recognized on cross-currency swap in interest (expense) income, net (amount excluded from effectiveness testing)$4,010 $3,754 $— 
Gain (loss) recognized on cross-currency swap in other, net$5,942 $(14,329)$— 
Gain (loss) recognized on intercompany debt in other, net$(5,942)$14,329 $— 
Net Investment Hedge Gains (Losses)
We recognized the following gains (losses) on the foreign cross currency swaps designated as net investment hedges (in thousands):
Twelve Months Ended
June 30,
202420232022
Gain (loss) recognized in cumulative translation adjustment within other comprehensive income (loss)$19,532 $(40,803)$— 
Gain (loss) recognized from the excluded components in interest (expense) income, net $10,337 $9,482 $— 
Non-designated Derivative Gains (Losses)
We recognized the following gains (losses) in the consolidated statement of income on derivatives not designated as hedging instruments (in thousands):
Twelve Months Ended
June 30,
202420232022
Gain (loss) recognized on foreign currency hedging instruments in other, net$(4,168)$8,576 $(19,511)
Gain (loss) recognized on other foreign-currency-denominated transactions in other, net19 (12,780)22,320 
Total$(4,149)$(4,204)$2,809