Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2021

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 June 30, 2021:

	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	$	31,168	$	31,168	$	—	$	—
Foreign currency hedge	187		—		187		—
Total assets at fair value	$	31,355	$	31,168	$	187	$	—
Liabilities:
Deferred compensation plan investments, current and non-current portion	$	31,168	$	31,168	$	—	$	—
Forward foreign currency exchange contracts	5		—		5		—
Interest rate swap agreement	6,280		—		6,280		—
Total liabilities at fair value	$	37,453	$	31,168	$	6,285	$	—

The following table presents assets and liabilities measured at fair value on a recurring basis as of June 30, 2020:

	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	$	27,159	$	27,159	$	—	$	—
Total assets at fair value	$	27,159	$	27,159	$	—	$	—
Liabilities:
Deferred compensation plan investments, current and non-current portion	$	27,159	$	27,159	$	—	$	—
Forward foreign currency exchange contracts	26		—		26		—
Interest rate swap agreement	9,433		—		9,433		—
Liability for contingent consideration, current and non-current	46,334		—		—		46,334
Total liabilities at fair value	$	82,952	$	27,159	$	9,459	$	46,334

Schedule of Changes in Fair Value Of Contingent Consideration

The table below provides a summary of the changes in fair value of the Company's contingent considerations for the Intelisys earnout, which is measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the fiscal year ended June 30, 2021. The final earnout payment due to former shareholders of Intelisys was paid during the fiscal year ended June 30, 2021.

	June 30, 2021
	Worldwide Communications & Services Segment
	(in thousands)
Fair value at beginning of period	$	46,334
Payments	(46,850)
Change in fair value	516
Fair value at end of period	$	—

The table below provides a summary of the changes in fair value of the Company's contingent consideration for the Network1 and Intelisys earnouts for the fiscal year ended June 30, 2020.

	June 30, 2020
	Worldwide Communications & Services Segment
	(in thousands)
Fair value at beginning of period	$	77,925
Payments	(38,532)
Change in fair value	6,941
Fair value at end of period	$	46,334

Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for our contingent consideration liabilities as of June 30, 2021 and 2020 were as follows. The measurement period for the Intelisys earnout ended on June 30, 2020.

Reporting Period	Valuation Technique	Significant Unobservable Inputs	Weighted Average Rates(a)
June 30, 2020	Discounted cash flow	Weighted average cost of capital	3.0	%
(a) Weighted average rates identified for each significant unobservable input relate to the valuation of the Intelisys contingent consideration. Since the earnout period for Intelisys closed on June 30, 2020 the weighted average cost of capital represents the cost the debt. There is no EBITDA growth to report in the current year.