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Derivative Instruments and Hedging Activities (Tables)
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3 Months Ended |
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Sep. 30, 2015 |
| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| Schedule of Derivative Instruments, Location, Designated and Non-Designated, Gains (Losses) |
The locations and amounts of designated and non-designated derivative instruments’ gains and losses reported in the condensed consolidated financial statements for the indicated periods were as follows:
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Three months ended
September 30,
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(In thousands)
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Location in Financial Statements
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2015
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2014
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Derivatives Designated as Hedging Instruments
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Gains (losses) in accumulated OCI on derivatives (effective portion)
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Accumulated OCI
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$
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(1,861
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)
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$
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2,033
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Gains reclassified from accumulated OCI into income (effective portion):
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Revenues
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$
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685
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$
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269
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Costs of revenues
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(472
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)
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(41
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)
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Interest expense
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189
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—
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Net gains reclassified from accumulated OCI into income (effective portion)
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$
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402
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$
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228
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Gains
(losses) r
ecognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
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Other expense (income), net
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$
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(126
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)
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$
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43
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Derivatives Not Designated as Hedging Instruments
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Gains (losses) recognized in income
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Other expense (income), net
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$
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(6,382
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)
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$
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3,925
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| Schedule of Notional Amounts of Derivatives Outstanding |
The U.S. dollar equivalent of all outstanding notional amounts of hedge contracts, with maximum maturity of approximately
13 months
, as of the dates indicated below was as follows:
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(In thousands)
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As of
September 30, 2015
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As of
June 30, 2015
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Cash flow hedge contracts
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Purchase
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$
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23,941
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$
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32,775
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Sell
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$
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119,843
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$
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88,800
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Other foreign currency hedge contracts
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Purchase
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$
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120,739
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$
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64,012
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Sell
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$
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119,869
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$
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123,091
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| Schedule of Derivative Instruments, Fair Value |
The locations and fair value amounts of the Company’s derivative instruments reported in its Condensed Consolidated Balance Sheets as of the dates indicated below were as follows:
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Asset Derivatives
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Liability Derivatives
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Balance Sheet Location
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As of
September 30, 2015
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As of
June 30, 2015
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Balance Sheet Location
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As of
September 30, 2015
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As of
June 30, 2015
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(In thousands)
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Fair Value
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Fair Value
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Derivatives designated as hedging instruments
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Foreign exchange contracts
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Other current assets
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$
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478
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$
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1,722
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Other current liabilities
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$
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2,869
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$
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1,920
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Total derivatives designated as hedging instruments
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$
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478
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$
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1,722
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$
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2,869
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$
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1,920
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Derivatives not designated as hedging instruments
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Foreign exchange contracts
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Other current assets
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$
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704
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$
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1,342
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Other current liabilities
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$
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2,643
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$
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1,186
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Total derivatives not designated as hedging instruments
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$
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704
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$
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1,342
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$
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2,643
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$
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1,186
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Total derivatives
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$
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1,182
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$
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3,064
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$
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5,512
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$
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3,106
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| Balances and Changes in Accumulated Other Comprehensive Income Related to Derivative Instruments |
The following table provides the balances and changes in accumulated OCI, before taxes, related to derivative instruments for the indicated periods:
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Three months ended
September 30,
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(In thousands)
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2015
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2014
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Beginning balance
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$
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7110年
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$
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(20
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)
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Amount reclassified to income
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(402
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)
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(228
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)
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Net change in unrealized gains or losses
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(1,861
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)
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2,033
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Ending balance
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$
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4,847
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$
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1,785
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| Offsetting of Assets and Liabilities |
As of
September 30, 2015
and
June 30, 2015
相关信息,抵消arrangements was as follows (in thousands):
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As of September 30, 2015
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Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets
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Description
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Gross Amounts of Derivatives
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Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets
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Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets
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Financial Instruments
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Cash Collateral Received
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Net Amount
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Derivatives - Assets
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$
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1,182
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$
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—
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$
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1,182
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$
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(1,182
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)
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$
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—
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$
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—
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Derivatives - Liabilities
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$
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(5,512
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)
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$
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—
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$
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(5,512
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)
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$
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1,182
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$
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—
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$
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(4330
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)
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As of June 30, 2015
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Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets
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Description
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Gross Amounts of Derivatives
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Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets
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Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets
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Financial Instruments
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Cash Collateral Received
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Net Amount
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Derivatives - Assets
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$
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3,064
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$
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—
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$
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3,064
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$
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(2,809
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)
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$
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—
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$
|
255
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Derivatives - Liabilities
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$
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(3,106
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)
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$
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—
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$
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(3,106
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)
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$
|
2,809
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$
|
—
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$
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(297
|
)
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