Financial Instruments Measured At Fair Value (Tables)

9 Months Ended

Mar. 31, 2018

Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents by level within the fair value hierarchy assets and liabilities measured at fair value on a recurring basis as of March 31, 2018:



	Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:
Cash equivalents	$	7,070	$	7,070	$	—	$	—
Forward foreign currency contracts	18		—		18		—
Available for sale securities	812		812		—		—
Total	$	7,900	$	7,882	$	18	$	—
Liabilities:
Forward foreign currency contracts	$	636	$	—	$	636	$	—
Contingent consideration, non-current	4,884		—		—		4,884
Total	$	5,520	$	—	$	636	$	4,884

The following table presents by level within the fair value hierarchy assets and liabilities measured at fair value on a recurring basis as of June 30, 2017:



	Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:
Cash equivalents	$	21,800	$	21,800	$	—	$	—
Forward foreign currency contracts	99		—		99		—
Available for sale securities	882		882		—		—
Total	$	22,781	$	22,682	$	99	$	—
Liabilities:
Forward foreign currency contracts	$	53	$	—	$	53	$	—
Contingent consideration, non-current	2,656		—		—		2,656
Total	$	2,709	$	—	$	53	$	2,656

Level 3 Activity

The following table summarizes the Level 3 activity for the nine months ended March 31, 2018.



Balance as of June 30, 2017	$	2,656
Fair value of initial contingent consideration^(a)	1,547
Contingent consideration adjustment ^(b)	556
Translation adjustment	125
Balance as of March 31, 2018	$	4,884

(a) In connection with the acquisition of Clarks during fiscal 2018, payment of a portion of the purchase price is contingent upon the achievement of certain operating results. Contingent consideration of up to a maximum of £1,500 is payable based on the achievement of specified operating results over the 18-month period following completion of the acquisition.

(b) The change in the fair value of contingent consideration is included in “Acquisition related expenses, restructuring and integration charges” in the Company’s Consolidated Statements of Income.