Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Financial instruments at fair value on recurring basis

As of March 31, 2016, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:

(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	155	$	—	$	155
Total assets at fair value	$	—	$	155	$	—	$	155
Liabilities:
Derivatives (1)	$	—	$	311	$	—	$	311
Contingent consideration	—		—		8,600		8,600
Total liabilities at fair value	$	—	$	311	$	8,600	$	8,911

As of June 30, 2015, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:

(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	2,678	$	—	$	2,678
Total assets at fair value	$	—	$	2,678	$	—	$	2,678
Liabilities:
Derivatives (1)	$	—	$	44	$	—	$	44
Contingent consideration	—		—		10,000		10,000
Total liabilities at fair value	$	—	$	44	$	10,000	$	10,044

⁽¹⁾ Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.