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Derivatives and Hedging Activities
 12 Months Ended
Jun. 30, 2026
General Discussion of Derivative Instruments and Hedging Activities [Abstract]  
Derivatives and Hedging Activities Derivatives and Hedging Activities
The Company’s results of operations could be materially impacted by significant changes in foreign currency exchange rates and interest rates. In an effort to manage the exposure to these risks, the Company periodically enters into various derivative instruments. The Company’s accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments in accordance with U.S. GAAP. The Company records all derivatives on the Consolidated Balance Sheet at fair value. Derivatives that are not designated as hedging instruments or the ineffective portions of cash flow hedges are adjusted to fair value through earnings in other income and expense.

Foreign Currency Derivatives – The Company conducts a portion of its business internationally in a variety of foreign currencies and is exposed to market risk for changes in foreign currency exchange rates. The Company attempts to hedge transaction exposures with natural offsets to the fullest extent possible and once these opportunities have been exhausted the
Company uses currency options and forward contracts or other hedging instruments with third parties. These contracts will periodically hedge the exchange of various currencies, including the U.S. dollar, Brazilian real, euro, British pound and Canadian dollar. See Note 1- Business and Summary of Significant Accounting Policies for more information regarding the Company's policy on derivative financial instruments.

The Company had contracts outstanding with notional amounts of $15.2 million and $26.2 million for the exchange of foreign currencies as of June 30, 2026 and 2025, respectively. To date, the Company has chosen not to designate these derivatives as hedging instruments, and accordingly, these instruments are adjusted to fair value through earnings in other income and expense. Summarized financial information related to these derivative contracts and changes in the underlying value of the foreign currency exposures included in the Consolidated Income Statements for the fiscal years ended June 30, 2026, 2025 and 2024 are as follows:
Fiscal year ended June 30,
202620252024
(in thousands)
Net foreign exchange derivative contract losses (gains)$2,675 $1,678 $(1,864)
Net foreign currency transactional and re-measurement (gains) losses(1,075)(923)4,062 
Net foreign currency losses$1,600 $755 $2,198 

Net foreign currency exchange gains and losses consist of foreign currency transactional and functional currency re-measurements, offset by net foreign currency exchange contract gains and losses and are included in other income and expense. Foreign currency exchange gains and losses are primarily generated as the result of fluctuations in the value of the U.S. dollar versus the Brazilian real and the Canadian dollar versus the U.S. dollar.

Interest Rates – The Company’s earnings are also affected by changes in interest rates due to the impact such changes have on interest expense associated with its floating-rate debt. To manage this exposure, the Company manages its exposure to changes in interest rates by using interest rate swaps to hedge this exposure and to achieve a desired proportion of fixed versus floating rate debt. These swaps include a notional amount of $50.0 million that matured on April 30, 2026, and a notional amount of $25 million maturing on March 31, 2028.

These interest rate swap agreements are designated as cash flow hedges to hedge the variable rate interest payments on the revolving credit facility. Interest rate differentials paid or received under the swap agreements are recognized as adjustments to interest expense. To the extent the swap is effective in offsetting the variability of the hedged cash flows, changes in the fair value of the swaps are not included in current earnings, but are reported as other comprehensive income (loss). There was no ineffective portion to be recorded as an adjustment to earnings for the fiscal years ended June 30, 2026, 2025 and 2024.

The components of the cash flow hedge included in accumulated other comprehensive (loss) income, net of income taxes, in the Consolidated Statements of Shareholders’ Equity, are as follows:
Fiscal Year Ended June 30,
202620252024
(in thousands)
Net interest (income) expense recognized as a result of interest rate swap$(849)$(1,531)$(3,305)
Unrealized (loss) gain in fair value of interest swap rates408 (487)1,316 
Net (decrease) increase in accumulated other comprehensive (loss) income (441)(2,018)(1,989)
Income tax effect(110)(495)(507)
Net increase (decrease) in accumulated other comprehensive (loss) income, net of tax$(331)$(1,523)$(1,482)

The Company used the following derivative instruments at June 30, 2026, reflected in the Consolidated Balance Sheets, for the risk management purposes detailed above:
June 30, 2026
Balance Sheet LocationFair Value of  Derivatives
Designated as  Hedge
Instruments		Fair Value of  Derivatives
Not Designated as Hedge
Instruments
(in thousands)
Derivative assets:
Foreign currency hedgeOther current assets$11 $— 
Interest rate swap agreementOther current assets$239 $— 
Derivative liabilities:
Foreign exchange contractsAccrued expenses and other current liabilities$— $3 

The Company used the following derivative instruments at June 30, 2025, reflected in the Consolidated Balance Sheets, for the risk management purposes detailed above:

June 30, 2025
Balance Sheet LocationFair Value of  Derivatives
Designated as  Hedge
Instruments		Fair Value of  Derivatives
Not Designated as Hedge
Instruments
(in thousands)
Derivative assets:
Foreign exchange contractsPrepaid expenses and other current assets$— $15 
Interest rate swap agreementOther current assets$680 $— 
Derivative liabilities:
Foreign currency hedgeOther current liabilities$290 $—