Fair Value Measurements (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2023

Jun. 30, 2022

Jun. 30, 2021

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, 2023
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	9,805	$	-	$	-	$	9,805
Interest rate swaps (1)		-		7,539		-		7,539
Total	$	9,805	$	7,539	$	-	$	17,344
Liabilities:
Contingent consideration liabilities (2)	$	-	$	-	$	5,492	$	5,492
Total	$	-	$	-	$	5,492	$	5,492

	June 30, 2022
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	36,616	$	-	$	-	$	36,616
Interest rate swaps (1)		-		9,157		-		9,157
Total	$	36,616	$	9,157	$	-	$	45,773
Liabilities:
Contingent consideration liabilities (2)	$	-	$	-	$	8,515	$	8,515
Total	$	-	$	-	$	8,515	$	8,515

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

	June 30, 2022
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	36,616	$	-	$	-	$	36,616
Interest rate swaps (2)		-		9,157		-		9,157
Total	$	36,616	$	9,157	$	-	$	45,773
Liabilities:
Contingent consideration liabilities (1)	$	-	$	-	$	8,515	$	8,515
Total	$	-	$	-	$	8,515	$	8,515

	June 30, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
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

The following tables summarize assets and liabilities measured at fair value on a recurring basis as of June 30, 2021 and June 30, 2020:

	As of June 30, 2021
	Fair Value Measurements
(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	$	-	$	-	$	4,631	$	4,631
Interest rate swaps		-		13,807		-		13,807
Total	$	-	$	13,807	$	4,631	$	18,438

	As of June 30, 2020
	Fair Value Measurements
(in thousands)	Level 1		Level 2		Level 3		Total
Liabilities:
Contingent consideration liabilities	$	-	$	-	$	1,641	$	1,641
Interest rate swaps		-		19,943		-		19,943
Total	$	-	$	19,943	$	1,641	$	21,584

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, 2022	$	8,515
Acquisitions		-
Payments		(375	)
Change in fair value		(2,648	)
Balance at March 31, 2023		5,492
Less: current portion		(3,979	)
Long term portion	$	1,513

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, 2020	$	1,641
Acquisitions		4,000
Payments		(681	)
Change in fair value		(329	)
Balance at June 30, 2021		4,631
Acquisitions		7,874
Payments		(420	)
Change in fair value		(3,570	)
Balance at June 30, 2022		8,515
Less: current portion		(2,204	)
Long term portion	$	6,311

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, 2019	$	2,695
Acquisitions		1,000
Payments		(1,019	)
Change in fair value		(1,035	)
Balance at June 30, 2020		1,641
Acquisitions		4,000
Payments		(555	)
Change in fair value		329
Balance at June 30, 2021		5,415
Less: current portion		(2,153	)
Long term portion	$	3,262