|
Derivative Instruments and Hedging Activities (Tables)
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12 Months Ended |
|
Jun. 30, 2016 |
| 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 consolidated financial statements for the indicated periods were as follows:
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(In thousands)
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Location in Financial Statements
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Year ended June 30,
|
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2016
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|
2015
|
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Derivatives Designated as Hedging Instruments
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|
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|
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|
Gains in accumulated OCI on derivatives (effective portion)
|
Accumulated OCI
|
$
|
(9,622
|
)
|
|
$
|
13,745
|
|
|
Gains reclassified from accumulated OCI into income (effective portion):
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Revenues
|
$
|
(2,926
|
)
|
|
$
|
7,615
|
|
|
|
Costs of revenues
|
(1,551
|
)
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|
(1,503
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)
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|
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Interest expense
|
755
|
|
|
503
|
|
|
|
Net gains reclassified from accumulated OCI into income (effective portion)
|
$
|
(3,722
|
)
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|
$
|
6,615
|
|
|
Gains recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
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Other expense (income), net
|
$
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(989
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)
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|
$
|
243
|
|
|
衍生品不指定为套期工具
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|
|
|
|
|
Gains recognized in income
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Other expense (income), net
|
$
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(21,430
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)
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$
|
13,976
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|
|
|
Loss on extinguishment of debt and other, net
|
$
|
—
|
|
|
$
|
1,180
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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
seven months
and
16 months
as of
June 30, 2016
and
2015
, respectively, were as follows:
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(In thousands)
|
As of
June 30, 2016
|
|
As of
June 30, 2015
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|
Cash flow hedge contracts
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|
|
|
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Purchase
|
$
|
7,591
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|
|
$
|
32,775
|
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Sell
|
$
|
91,793
|
|
|
$
|
88,800
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Other foreign currency hedge contracts
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|
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Purchase
|
$
|
122,275
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|
$
|
64,012
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Sell
|
$
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115,087
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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 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
June 30, 2016
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|
As of
June 30, 2015
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|
Balance Sheet Location
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As of
June 30, 2016
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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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|
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|
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Foreign exchange contracts
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Other current assets
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$
|
342
|
|
|
$
|
1,722
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Other current liabilities
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|
$
|
4,736
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|
$
|
1,920
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Total derivatives designated as hedging instruments
|
|
|
342
|
|
|
1,722
|
|
|
|
|
4,736
|
|
|
1,920
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Derivatives not designated as hedging instruments
|
|
|
|
|
|
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|
|
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Foreign exchange contracts
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Other current assets
|
|
753
|
|
|
1,342
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Other current liabilities
|
|
6,911
|
|
|
1,186
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Total derivatives not designated as hedging instruments
|
|
|
753
|
|
|
1,342
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|
|
|
|
6,911
|
|
|
1,186
|
|
|
Total derivatives
|
|
|
$
|
1,095
|
|
|
$
|
3,064
|
|
|
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|
$
|
11,647
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|
$
|
3,106
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|
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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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Year ended June 30,
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(In thousands)
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|
2016
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|
2015
|
|
Beginning balance
|
|
$
|
7110年
|
|
|
$
|
(20
|
)
|
|
Amount reclassified to income
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|
3,722
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|
|
(6,615
|
)
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|
Net change in unrealized gains or losses
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|
(9,622
|
)
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|
13,745
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|
Ending balance
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|
$
|
1,210
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|
|
$
|
7110年
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| 衍生品资产和Liabilit抵消ies |
As of
June 30, 2016
and
2015
, information related to the offsetting arrangements was as follows (in thousands):
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As of June 30, 2016
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Gross Amounts of Derivatives Not Offset in the 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 Consolidated Balance Sheets
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Net Amount of Derivatives Presented in the 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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|
$
|
1,095
|
|
|
$
|
—
|
|
|
$
|
1,095
|
|
|
$
|
(843
|
)
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|
$
|
—
|
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|
$
|
252
|
|
|
Derivatives - Liabilities
|
|
$
|
(11,647
|
)
|
|
$
|
—
|
|
|
$
|
(11,647
|
)
|
|
$
|
843
|
|
|
$
|
—
|
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|
$
|
(10,804
|
)
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As of June 30, 2015
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Gross Amounts of Derivatives Not Offset in the Consolidated Balance Sheets
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Description
|
|
Gross Amounts of Derivatives
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Gross Amounts of Derivatives Offset in the Consolidated Balance Sheets
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Net Amount of Derivatives Presented in the Consolidated Balance Sheets
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|
Financial Instruments
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Cash Collateral Received
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|
Net Amount
|
|
Derivatives - Assets
|
|
$
|
3,064
|
|
|
$
|
—
|
|
|
$
|
3,064
|
|
|
$
|
(2,809
|
)
|
|
$
|
—
|
|
|
$
|
255
|
|
|
Derivatives - Liabilities
|
|
$
|
(3,106
|
)
|
|
$
|
—
|
|
|
$
|
(3,106
|
)
|
|
$
|
2,809
|
|
|
$
|
—
|
|
|
$
|
(297
|
)
|
|