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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets at Fair Value on a Recurring Basis
The following table represents the Company's financial assets and liabilities, which are measured at fair value on a recurring basis (in thousands):
Fair Value of Financial Assets and LiabilitiesQuoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
June 30, 2024
Deferred compensation plan assets$61,198 $61,198 $— $— 
Total assets61,198 61,198   
Earn-out liabilities28,549 — — 28,549 
Total liabilities$28,549 $ $ $28,549 
June 30, 2023
Cash equivalents$77 $77 $— $— 
Deferred compensation plan assets55,566 55,566 — — 
Total assets55,643 55,643   
Earn-out liabilities26,603 — — 26,603 
Total liabilities$26,603 $ $ $26,603 
Schedule Of Fair Value Measurement Inputs and Valuation Techniques
As of June 30,
Input assumptions20242023
Probability of transferred member renewal percentage < 50%— %5.0 %
Probability of transferred member renewal percentage between 50% and 65%— %10.0 %
Probability of transferred member renewal percentage between 65% and 80%— %25.0 %
Probability of transferred member renewal percentage > 80%100.0 %60.0 %
Credit spread1.0 %1.6 %
(a)The Acurity and Nexera earn-out liability was initially valued as of February 28, 2020.
Schedule Of Reconciliation Earn-Out Liabilities and FFF Put and Call Rights
A reconciliation of the earn-out liabilities is as follows (in thousands):
Beginning Balance
Purchases/
(Settlements)(a)
(Gains)/Losses (b)
Ending Balance
Year Ended June 30, 2024
Earn-out liabilities$26,603 $(1,375)$3,321 $28,549 
Total Level 3 liabilities$26,603 $(1,375)$3,321 $28,549 
Year Ended June 30, 2023
Earn-out liabilities$22,789 $1,460 $2,354 $26,603 
Total Level 3 liabilities$22,789 $1,460 $2,354 $26,603 
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(a)Settlements for the year ended June 30, 2024 represent payments on earn-out liabilities. Purchases for the year ended June 30, 2023 include an earn-out which had not been earned or paid as of June 30, 2023.
(b)Gains on level 3 liability balances will decrease the liability ending balance and losses on level 3 liability balances will increase the liability ending balance. (Gains) losses on earn-out liabilities are included in selling, general and administrative expenses on the Consolidated Statements of Income and Comprehensive Income.