Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following table sets forth the carrying value and the estimated fair value of the Company's financial instruments not measured at fair value on a recurring basis:

	September 30, 2017				June 30, 2017
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Broadcast rights payable	$	43,667	$	42,013	$	31,660	$	30,544
Total long-term debt	707,500		707,570		700,625		700,714

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth the assets and liabilities measured at fair value on a recurring basis:

(In thousands)	September 30, 2017		June 30, 2017
Property, plant, and equipment
Corporate airplanes, held for sale	$	—	$	1,927
Other assets
Interest rate swaps	293		158
Accrued expenses and other liabilities
Contingent consideration	25,906		4,000
Interest rate swaps	297		602
Other noncurrent liabilities
Contingent consideration	4,047		30,211

Changes in Fair Value of Level 3 Contingent Consideration and Corporate Airplanes

Details of changes in the fair value of Level 3 contingent consideration and corporate airplanes are as follows:

Three months ended September 30,	2017			2016
(in thousands)
Contingent consideration
Balance at beginning of period	$	34,211		$	56,631
Payments	(4,000		)	(4,000		)
Change in present value of contingent consideration (1)	(258		)	708
Balance at end of period	$	29,953		$	53,339
Corporate airplanes, held for sale
Balance at beginning of period	$	1,927		$	2,800
Sale of corporate airplanes	(1,927		)	—
Balance at end of period	$	—		$	2,800
(1)     Change in present value of contingent consideration is recorded in the selling, general, and administrative expense line on the Condensed Consolidated Statements of Earnings and is comprised of changes in estimated earn out payments based on projections of performance and the accretion of the present value discount.