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Fair Value Measurements (Tables)
3 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value for Financial Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis at September 30, 2020 and June 30, 2020 (in thousands).

 

September 30, 2020

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivatives

 

$

 

 

$

27

 

 

$

 

 

$

27

 

Total assets measured at fair value

 

$

 

 

$

27

 

 

$

 

 

$

27

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

 

$

1,782

 

 

$

 

 

$

1,782

 

Acquisition-related contingent consideration obligations

 

 

 

 

 

 

 

 

1,576

 

 

 

1,576

 

Total liabilities measured at fair value

 

$

 

 

$

1,782

 

 

$

1,576

 

 

$

3,358

 

 

June 30, 2020

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivatives

 

$

 

 

$

8

 

 

$

 

 

$

8

 

Interest rate swaps

 

 

 

 

 

1,769

 

 

 

 

 

 

1,769

 

Acquisition-related contingent consideration obligations

 

 

 

 

 

 

 

 

2,167

 

 

 

2,167

 

Total liabilities measured at fair value

 

$

 

 

$

1,777

 

 

$

2,167

 

 

$

3,944

 

Schedule of Change in Acquisition-related Contingent Consideration Obligations

The change in the acquisition-related contingent consideration obligations is as follows (in thousands):

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

September 30,

2020

 

 

September 30,

2019

 

Beginning balance

 

 

2,167

 

 

 

6,298

 

Payments

 

 

(603

)

 

 

(635

)

Accretion on discount

 

 

12

 

 

 

30

 

Ending balance

 

$

1,576

 

 

$

5,693