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Fair Value of Financial Instruments (Tables)
 3 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis as of September 30, 2017:
 
Total
 
Quoted
prices in
active
markets
(Level 1)
 
Significant
other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Deferred compensation plan investments, current and non-current portion
$
22,619

 
$
22,619

 
$
—

 
$
—

Forward foreign currency exchange contracts
128

 
—

 
128

 
—

Interest rate swap agreement
67

 
—

 
67

 
—

Total assets at fair value
$
22,814

 
$
22,619

 
$
195

 
$
—

Liabilities:
 
 
 
 
 
 
 
Deferred compensation plan investments, current and non-current portion
$
22,619

 
$
22,619

 
$
—

 
$
—

Forward foreign currency exchange contracts
66

 
—

 
66

 
—

Liability for contingent consideration, current and non-current portion
103,493

 
—

 
—

 
103,493

Total liabilities at fair value
$
126,178

 
$
22,619

 
$
66

 
$
103,493


















The following table summarizes the valuation of the Company’s remaining 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)
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Deferred compensation plan investments, current and non-current portion
$
21,439

 
$
21,439

 
$
—

 
$
—

Forward foreign currency exchange contracts
35

 
—

 
35

 
—

Interest rate swap agreement
21

 
—

 
21

 
—

Total assets at fair value
$
21,495

 
$
21,439

 
$
56

 
$
—

Liabilities:
 
 
 
 
 
 
 
Deferred compensation plan investments, current and non-current portion
$
21,074

 
$
21,074

 
$
—

 
$
—

Forward foreign currency exchange contracts
131

 
—

 
131

 
—

Liability for contingent consideration, current and non-current portion
114,036

 
—

 
—

 
114,036

Total liabilities at fair value
$
135,241

 
$
21,074

 
$
131

 
$
114,036
Schedule of Changes in Fair Value of Contingent Considerations
The table below provides a summary of the changes in fair value of the Company’s contingent considerations (Level 3) for the Network1, Intelisys and POS Portal earnouts for the quarter ended September 30, 2017:
 
Contingent consideration for the quarter ended
 
September 30, 2017
 
Barcode, Networking & Security Segment
 
Communications & Services Segment
 
(in thousands)
Fair value at beginning of period
$
—

 
$
114,036

Issuance of contingent consideration
13,098

 
—

Payments
—

 
(40,858
)
Change in fair value of contingent consideration
69

 
16,812

Foreign currency translation adjustment
—

 
336

Fair value at end of period
$
13,167

 
$
90,326



The table below provides a summary of the changes in fair value of the Company’s contingent considerations (Level 3) for the Imago, Network1 and Intelisys earnouts for the quarter ended September 30, 2016. The contingent consideration due to the former shareholders of Imago was paid in full during the quarter ended December 31, 2016.
 
Contingent consideration for the quarter ended
 
September 30, 2016
 
Barcode, Networking & Security Segment
 
Communications & Services Segment
 
(in thousands)
Fair value at beginning of period
$
—

 
$
24,652

Issuance of contingent consideration
—

 
95,000

Payments
—

 
(8,634
)
Change in fair value of contingent consideration
—

 
169

Foreign currency translation adjustment
—

 
(352
)
Fair value at end of period
$
—

 
$
110,835

Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for our contingent consideration liabilities as of September 30, 2017 and June 30, 2017 were as follows.

Reporting Period
 
Valuation Technique
 
Significant Unobservable Inputs
 
Weighted Average Rates
September 30, 2017
 
Discounted cash flow
 
Weighted average cost of capital
 
14.3
%
 
 
 
 
Adjusted EBITDA growth rate
 
17.6
%
 
 
 
 
 
 
 
June 30, 2017
 
Discounted cash flow
 
Weighted average cost of capital
 
14.2
%
 
 
 
 
Adjusted EBITDA growth rate
 
17.0
%