v3.26.1
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Mar. 31, 2026
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)March 31, 2026
June 30, 2025
Derivatives designated as hedging instruments
Other current assets - range forward contracts$4 $— 
Other current liabilities - range forward contracts— (9)
Total derivatives designated as hedging instruments4 (9)
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts$114 $88 
Other current liabilities - currency forward contracts(26)(72)
Total derivatives not designated as hedging instruments88 16 
Total derivatives$92 $7 
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. Losses (gains) related to derivatives not designated as hedging instruments have been recognized as follows:
Three Months Ended March 31,Nine Months Ended March 31,
(in thousands)2026202520262025
Other income, net $9 $(56)$(11)$(68)
Schedule of cash flow hedges
The following represents (losses) gains, net of tax, related to cash flow hedges:
Three Months Ended March 31,Nine Months Ended March 31,
(in thousands)2026202520262025
Unrealized (loss) gain recognized in other comprehensive income $(1)$(258)$(197)$827 
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 nine months ended March 31, 2026 and 2025.
Schedule of foreign currency-denominated intercompany loans payable designated as net investment hedges
As of March 31, 2026, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of:
Instrument
Notional
(EUR and CNY in thousands)(2)
Notional
(USD in thousands)(2)
Maturity
Foreign currency-denominated intercompany loan payable€10,117 $11,638 June 2026
Foreign currency-denominated intercompany loan payable€6,027 $6,934 June 2026
Foreign currency-denominated intercompany loan payable€5,038 $5,796 June 2026
Foreign currency-denominated intercompany loan payable¥84,155 $12,199 September 2026
Foreign currency-denominated intercompany loan payable¥86,954 $12,605 January 2027
Foreign currency-denominated intercompany loan payable¥69,134 $10,022 February 2027
(2) Includes principal and accrued interest.