Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value Assets and Liabilities Measured on Recurring Basis

The following tables present assets and liabilities measured at fair value on a recurring basis:

	March 31, 2022, As Restated
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	51,576	$	-	$	-	$	51,576
Interest rate swaps (2)				5,133				5,133
Total	$	51,576	$	5,133	$	-	$	56,709
Liabilities:
Contingent consideration liabilities (1)	$	-	$	-	$	12,205	$	12,205
Interest rate swaps (2)				977				977
Total	$	-	$	977	$	12,205	$	13,182

	June 30, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	6,525	$	-	$	-	$	6,525
Total	$	6,525	$	-	$	-	$	6,525
Liabilities:
Contingent consideration liabilities (1)	$	-	$	-	$	4,631	$	4,631
Interest rate swaps (2)		-		13,807		-		13,807
Total	$	-	$	13,807	$	4,631	$	18,438

Summary of Reconciliation of Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following table provides a reconciliation of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

(in thousands)	Contingent Consideration
Balance at June 30, 2021	$	4,631
Acquisitions		7,800
Payments		(226	)
Balance at March 31, 2022		12,205
Less: current portion		(4,471	)
Long term portion	$	7,734