Derivatives and Hedging Activities (Tables)

9 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

As of March 31, 2026, 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	4	$	400,000

As of March 31, 2026, the Company had the following outstanding foreign currency derivatives that were used to hedge its foreign exchange risks:


Foreign Currency Derivative	Number of Instruments	Notional Sold		Notional Purchased
Foreign currency forward contract	10	£	3,547	€	4,050

As of March 31, 2026, 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	$	103,312

As of March 31, 2026, 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	$	25,453

As of March 31, 2026 and June 30, 2025, the following amounts were recorded on the consolidated balance sheets 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
	March 31, 2026		June 30, 2025		March 31, 2026			June 30, 2025
Intercompany loan receivable	$	28,453	$	28,982	$	(528	)	$	2,517

Schedule of 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 March 31, 2026:


	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	$	1,841	Accrued expenses and other current liabilities	$	—
Cross-currency swaps	Prepaid expenses and other current assets		—	Accrued expenses and other current liabilities		14,552
Foreign currency forward contracts	Prepaid expenses and other current assets		13	Accrued expenses and other current liabilities		83
Total derivatives designated as hedging instruments		$	1,854		$	14,635

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, 2025:


	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	$	3,091	Accrued expenses and other current liabilities	$	—
Interest rate swaps	Other noncurrent assets		140	Other noncurrent liabilities		—
Cross-currency swaps	Prepaid expenses and other current assets		2,335	Accrued expenses and other current liabilities		—
Cross-currency swaps	Other noncurrent assets		—	Other noncurrent liabilities		19,706
Foreign currency forward contracts	Prepaid expenses and other current assets		269	Accrued expenses and other current liabilities		—
Total derivatives designated as hedging instruments		$	5,835		$	19,706

Schedule of Hedges Included Cash Flow Hedges, Net Investment Hedges and Fair Value Hedges on Accumulated Other Comprehensive Income Loss

The following table presents the pre-tax effect of the Company’s cash flow hedges, net investment hedges, and fair value hedges on AOCL for the three and nine months ended March 31, 2026 and 2025:


	Amount of Gain (Loss) Recognized in AOCL on Derivatives
	Three Months Ended March 31,						Nine Months Ended March 31,
	2026			2025			2026			2025
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	1,073		$	(1,633	)	$	1,627		$	(2,611	)
Foreign currency forward contracts		(26	)		152			(70	)		(304	)
Derivatives in net investment hedging relationships:
Cross-currency swaps		2,493			(3,512	)		3,705			(215	)
Derivatives in fair value hedging relationships:
Cross-currency swaps		614			(864	)		913			(52	)
	$	4,154		$	(5,857	)	$	6,175		$	(3,182	)

Schedule of Pre-tax Effect of Cash Flow Hedges, Net Investment Hedges and Fair Value Hedges on the Consolidated Statements of Operations, Recorded in Interest and Other Financing Expense, Net

The following table presents the pre-tax effect of the Company’s cash flow hedges, net investment hedges, and fair value hedges on the consolidated statements of operations, recorded in interest and other financing expense, net, for the three and nine months ended March 31, 2026 and 2025:


	Amount of Gain (Loss) Reclassified from AOCL into Income (Expense)
	Three Months Ended March 31,						Nine Months Ended March 31,
	2026			2025			2026		2025
Derivatives in cash flow hedging relationships:
Interest and other financing expense, net:
Interest rate swaps	$	666		$	1,311		$	3,017	$	5,359
Cross-currency swaps		—			(92	)		—		36
Cost of sales:
Foreign currency forward contracts		(37	)		(134	)		15		(134	)
Derivatives in net investment hedging relationships:
Cross-currency swaps		474			450			1,442		1,439
Derivatives in fair value hedging relationships:
Cross-currency swaps(1)		630			(995	)		859		146
	$	1,733		$	540		$	5,333	$	6,846

(1)

Net of amount that is excluded from effectiveness testing. The amount of gain, excluded from effectiveness testing, reclassified from AOCL into income for the three months ended March 31, 2026 and 2025 was $109 and $104, respectively. The amount of gain, excluded from effectiveness testing, reclassified from AOCL into income for the nine months ended March 31, 2026 and 2025 was $331 and $351, respectively.

Schedule of Other Expense Net in Consolidated Statements of Operations

           
          Asset Derivatives

          Liability Derivatives

           
          Balance Sheet
Location

          Fair Value

          Balance Sheet
Location

          Fair Value

          Derivatives not designated as hedging instruments:

Target Redemption Forward

Prepaid expenses and other current assets

—

Accrued expenses and other current liabilities

44