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Fair Value Measurements (Tables)
12 Months Ended
Jun. 30, 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 (in thousands):

June 30, 2021

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivatives

 

$

 

 

$

560

 

 

$

 

 

$

560

 

Interest rate swaps

 

 

 

 

 

1,133

 

 

 

 

 

 

1,133

 

Acquisition-related contingent consideration obligations

 

 

 

 

 

 

 

 

913

 

 

 

913

 

Total liabilities measured at fair value

 

$

 

 

$

1,693

 

 

$

913

 

 

$

2,606

 

 

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):

 

 

 

 

 

 

Year Ended

 

 

 

 

 

 

 

June 30,

2021

 

 

June 30,

2020

 

 

June 30,

2019

 

Beginning balance

 

$

2,167

 

 

$

6,298

 

 

$

12,749

 

Payments

 

 

(1,298

)

 

 

(4,251

)

 

 

(6,695

)

Accretion on discount

 

 

44

 

 

 

120

 

 

 

244

 

Ending balance

 

$

913

 

 

$

2,167

 

 

$

6,298