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Fair Value of Financial Instruments (Tables)
 3 Months Ended
Sep. 30, 2019
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 at September 30, 2019:
 
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
$
26,633

 
$
26,633

 
$
—

 
$
—

Forward foreign currency exchange contracts
208

 
—

 
208

 
—

Total assets at fair value
$
26,841

 
$
26,633

 
$
208

 
$
—

Liabilities:
 
 
 
 
 
 
 
Deferred compensation plan investments, current and non-current portion
$
26,633

 
$
26,633

 
$
—

 
$
—

Forward foreign currency exchange contracts
40

 
—

 
40

 
—

Interest rate swap agreement
4,874

 
—

 
4,874

 
—

Liability for contingent consideration, current and non-current portion
80,397

 
—

 
—

 
80,397

Total liabilities at fair value
$
111,944

 
$
26,633

 
$
4,914

 
$
80,397


















The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis at June 30, 2019:
 
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
$
25,787

 
$
25,787

 
$
—

 
$
—

Forward foreign currency exchange contracts
165

 
—

 
165

 
—

Total assets at fair value
$
25,952

 
$
25,787

 
$
165

 
$
—

Liabilities:
 
 
 
 
 
 
 
Deferred compensation plan investments, current and non-current portion
$
25,787

 
$
25,787

 
$
—

 
$
—

Forward foreign currency exchange contracts
168

 
—

 
168

 
—

Interest rate swap agreement
3,504

 
—

 
3,504

 
—

Liability for contingent consideration, current and non-current portion
77,925

 
—

 
—

 
77,925

Total liabilities at fair value
$
107,384

 
$
25,787

 
$
3,672

 
$
77,925
Schedule of Changes in Fair Value of Contingent Considerations Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for our contingent consideration liability related to Intelisys at September 30, 2019 and June 30, 2019 were as follows.

Reporting Period
 
Valuation Technique
 
Significant Unobservable Inputs
 
Weighted Average Rates(a)
September 30, 2019
 
Discounted cash flow
 
Weighted average cost of capital
 
14.1
%
 
 
 
 
Adjusted EBITDA growth rate
 
23.2
%
 
 
 
 
 
 
 
June 30, 2019
 
Discounted cash flow
 
Weighted average cost of capital
 
14.2
%
 
 
 
 
Adjusted EBITDA growth rate
 
21.5
%

(a) Weighted average rates identified for each significant unobservable input relate to the valuation of the Intelisys contingent consideration.
quarter ended September 30, 2019.
 
Quarter ended September 30, 2019
 
Worldwide Communications & Services Segment
 
(in thousands)
Fair value at beginning of period
$
77,925

Change in fair value of contingent consideration
2,472

Fair value at end of period
$
80,397



The table below provides a summary of the changes in fair value of the Company’s contingent considerations (Level 3) for the Network1 and Intelisys earnouts for the quarter ended September 30, 2018.

 
Quarter ended September 30, 2018
 
Worldwide Communications & Services Segment
 
(in thousands)
Fair value at beginning of period
$
108,233

Payments
(32,247
)
Change in fair value of contingent consideration
4,584

Foreign currency translation adjustment
(397
)
Fair value at end of period
$
80,173