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Derivative Instruments and Hedging Activities (Tables)
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9 Months Ended |
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Mar. 31, 2017 |
| 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
March 31,
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Nine months ended
March 31,
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(In thousands)
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Location in Financial Statements
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2017
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2016
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2017
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2016
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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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(3,526
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)
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$
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(2,798
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)
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$
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8,605
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$
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(3,952
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)
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Gains (losses) reclassified from accumulated OCI into income (effective portion):
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Revenues
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$
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2,441
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$
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(930
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)
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$
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(465
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)
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$
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79
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Costs of revenues
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(342
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)
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(366
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)
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(498
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)
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(1,516
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)
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Interest expense
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189
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189
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567
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567
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Net gains (losses) reclassified from accumulated OCI into income (effective portion)
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$
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2,288
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$
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(1,107
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)
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$
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(396
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)
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$
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(870
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)
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收益(损失)确认收入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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566
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$
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(396
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)
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$
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(887
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)
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$
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(795
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)
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Derivatives Not Designated as Hedging Instruments
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收益(损失)确认收入
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Other expense (income), net
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$
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816
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$
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(7,350
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)
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$
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5,947
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$
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(12,985
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)
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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 remaining maturities of approximately
13 months
as of
March 31, 2017
and
7 months
as of June 30, 2016 was as follows:
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(In thousands)
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As of
March 31, 2017
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As of
June 30, 2016
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Cash flow hedge contracts
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Purchase
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$
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17,069
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$
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7591年
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Sell
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$
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109,408
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$
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91,793
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Other foreign currency hedge contracts
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Purchase
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$
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94,104
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$
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122,275
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Sell
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$
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101,405
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$
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115,087
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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
March 31, 2017
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As of
June 30, 2016
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Balance Sheet Location
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As of
March 31, 2017
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As of
June 30, 2016
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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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1,994
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$
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342
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Other current liabilities
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$
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451
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$
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4,736
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Total derivatives designated as hedging instruments
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$
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1,994
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$
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342
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$
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451
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$
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4,736
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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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4,526
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$
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753
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Other current liabilities
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$
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1,443
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$
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6,911
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Total derivatives not designated as hedging instruments
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$
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4,526
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$
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753
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$
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1,443
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$
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6,911
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Total derivatives
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$
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6,520
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$
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1,095
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$
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1,894
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$
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11,647
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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
March 31,
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Nine months ended
March 31,
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(In thousands)
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2017
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2016
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2017
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2016
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Beginning balance
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$
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16,025
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$
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5,719
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$
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1,210
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$
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7110年
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Amount reclassified to income
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(2,288
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)
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1,107
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396
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870
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Net change in unrealized gains or losses
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(3,526
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)
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(2,798
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)
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8,605
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(3,952
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)
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Ending balance
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$
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10,211
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$
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4,028
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$
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10,211
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$
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4,028
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| Offsetting of Assets and Liabilities |
As of
March 31, 2017
and
June 30, 2016
相关信息,抵消arrangements was as follows (in thousands):
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As of March 31, 2017
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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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6,520
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$
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—
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$
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6,520
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$
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(1,364
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)
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$
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—
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$
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5,156
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Derivatives - Liabilities
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$
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(1,894
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)
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$
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—
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$
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(1,894
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)
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$
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1,364
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$
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—
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$
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(530
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)
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As of June 30, 2016
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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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1,095
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$
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—
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$
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1,095
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$
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(843
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)
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$
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—
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$
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252
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Derivatives - Liabilities
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$
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(11,647
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)
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$
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—
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$
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(11,647
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)
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$
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843
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$
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—
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$
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(10,804
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)
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