Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments

The following table presents our assets and liabilities related to derivative instruments on a gross basis within the condensed consolidated balance sheets (in thousands):

	September 30, 2025		June 30, 2025		Balance Sheet Caption
Derivative Assets
Designated as Hedging Instruments
Foreign cross-currency swaps – Fair Value Hedge	$	—	$	—	Prepaid taxes and other non-current assets
Foreign cross-currency swaps – Net Investment Hedge	—		—		Prepaid taxes and other non-current assets
Not Designated as Hedging Instruments
Foreign currency hedging instruments	8,070		6,810		Prepaid taxes and other non-current assets
Foreign currency hedging instruments	—		—		Prepaid taxes and other non-current assets
Total derivative assets	$	8,070	$	6,810
Derivative Liabilities
Designated as Hedging Instruments
Foreign cross-currency swaps – Fair Value Hedge	$	37,683	$	38,533	Other long-term liabilities
Foreign cross-currency swaps – Net Investment Hedge	89,307		91,596		Other long-term liabilities
Not Designated as Hedging Instruments
Foreign currency hedging instruments	9,741		2,695		Accrued expenses
Foreign currency hedging instruments	—		—		Other long-term liabilities
Total derivative liabilities	$	136,731	$	132,824

Schedule of Derivative Gains (Losses)

We recognized the following gains (losses) on the foreign cross currency swaps designated as fair value hedges (in thousands):

	Three Months Ended September 30,
	2025		2024
Gain (loss) recognized in other comprehensive income (loss)	$	(201)	$	429
Gain (loss) recognized on cross-currency swap in interest (expense) income, net (amount excluded from effectiveness testing)	$	1,624	$	1,074
Gain (loss) recognized on cross-currency swap in other, net	$	1,051	$	(12,246)
Gain (loss) recognized on intercompany debt in other, net	$	(1,051)	$	12,246

We recognized the following gains (losses) on the foreign cross currency swaps designated as net investment hedges (in thousands):

	Three Months Ended September 30,
	2025		2024
Gain (loss) recognized in cumulative translation adjustment within other comprehensive income (loss)	$	2,290	$	(28,736)
Gain (loss) recognized from the excluded components in interest (expense) income, net	$	4,107	$	2,767

We recognized the following gains (losses) in the condensed consolidated statement of operations on derivatives not designated as hedging instruments (in thousands):

	Three Months Ended September 30,
	2025		2024
Gain (loss) recognized on foreign currency hedging instruments in other, net	$	(9,970)	$	42,783
Gain (loss) recognized on other foreign-currency-denominated transactions in other, net	6,106		(45,231)
Total	$	(3,864)	$	(2,448)