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Fair Value of Financial Instruments (Tables)
3 Months Ended
Sep. 30, 2013
Summary by Level of Fair Value of Financial Instruments Measured on Recurring Basis

The following table provides a summary by level of the fair value of financial instruments that are measured on a recurring basis as of September 30, 2013 ($000):

 

    Fair Value Measurements at September 30, 2013 Using:  
    September 30, 2013     Quoted
Prices in
Active
Markets
for
Identical
Assets
  (Level 1)  
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
 

Liabilities:

       

Foreign currency forward contracts

  $ 57        —          57        —     

Contingent earnout arrangement

  $ 1,100      $ —        $ —        $ 1,100   
    Fair Value Measurements at June 30, 2013 Using:  
    June 30, 2013     Quoted
Prices in
Active
Markets
for
Identical
Assets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
 

Liabilities:

       

Contingent earnout arrangement

  $ 3,300      $ —       $ —        $ 3,300   

Foreign currency forward contracts

  $ 174      $ —       $ 174      $ —     
Reconciliation of Beginning and Ending Fair-Value Measurements of Level Three Contingent Earnout Arrangement Related to Acquisition of LightWorks

The following table presents a reconciliation of the beginning and ending fair value measurements of the Company’s Level 3 contingent earnout arrangement related to the acquisition of LightWorks ($000):

 

    

Significant

Unobservable Inputs

(Level 3)

 

Balance at July 1, 2013

   $ 3,300  

Payments

     (2,200 )

Changes in fair value

     —    
  

 

 

 

Balance at September 30, 2013

   $ 1,100