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Fair Value Measurements (Tables)
3 Months Ended
Sep. 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 at September 30, 2021 and June 30, 2021 (in thousands).

 

September 30, 2021

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivatives

 

$

 

 

$

740

 

 

$

 

 

$

740

 

Interest rate swaps

 

 

 

 

 

937

 

 

 

 

 

 

937

 

Acquisition-related contingent consideration obligations

 

 

 

 

 

 

 

 

358

 

 

 

358

 

Total liabilities measured at fair value

 

$

 

 

$

1,677

 

 

$

358

 

 

$

2,035

 

 

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

 

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

 

 

 

September 30,

2021

 

 

September 30,

2020

 

Beginning balance

 

 

913

 

 

 

2,167

 

Payments

 

 

(559

)

 

 

(603

)

Accretion on discount

 

 

4

 

 

 

12

 

Ending balance

 

$

358

 

 

$

1,576