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Fair Value Measurements (Tables)
9 Months Ended
Mar. 31, 2021
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 March 31, 2021 and June 30, 2020 (in thousands).

 

 

March 31, 2021

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivatives

 

$

 

 

$

23

 

 

$

 

 

$

23

 

Total assets measured at fair value

 

$

 

 

$

23

 

 

$

 

 

$

23

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivatives

 

$

 

 

$

226

 

 

$

 

 

$

226

 

Interest rate swaps

 

 

 

 

 

1,288

 

 

 

 

 

 

1,288

 

Acquisition-related contingent consideration obligations

 

 

 

 

 

 

 

 

902

 

 

 

902

 

Total liabilities measured at fair value

 

$

 

 

$

1,514

 

 

$

902

 

 

$

2,416

 

 

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):

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

March 31,

2021

 

 

March 31,

2020

 

Beginning balance

 

 

2,167

 

 

 

6,298

 

Payments

 

 

(1,298

)

 

 

(3,448

)

Accretion on discount

 

 

33

 

 

 

90

 

Ending balance

 

$

902

 

 

$

2,940