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Fair Value Measurements (Tables)
9 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value Hierarchy for Assets and Liabilities Measured on Recurring Basis

The following table provides the fair value hierarchy for assets and liabilities measured on a recurring basis.

 

 

 

Fair Value at March 31, 2016

 

 

Fair Value at June 30, 2015

 

Description

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets/(Liabilities)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities

 

$

51,597

 

 

$

-

 

 

$

-

 

 

$

54,947

 

 

$

-

 

 

$

-

 

Foreign exchange contracts

 

 

-

 

 

 

130,566

 

 

 

-

 

 

 

-

 

 

 

195,342

 

 

 

-

 

Pension assets

 

 

2,914

 

 

 

-

 

 

 

-

 

 

 

3,572

 

 

 

-

 

 

 

-

 

Contingent consideration

 

 

-

 

 

 

-

 

 

 

(42,772

)

 

 

-

 

 

 

-

 

 

 

(56,296

)

Net asset/(liability)

 

$

54,511

 

 

$

130,566

 

 

$

(42,772

)

 

$

58,519

 

 

$

195,342

 

 

$

(56,296

)

 

 

 

Total Gains (Losses) for the

Three Months Ended

March 31,

 

 

Total Gains (Losses) for the

Nine months ended

March 31,

 

Description of Liability

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Contingent Consideration

 

$

6,223

 

 

$

0

 

 

$

5,309

 

 

$

(866

)

 

Carrying Value for Assets and Liabilities Measured on Non-Recurring Basis under Level 3 of Fair Value Hierarchy and Losses Recorded During Periods Presented

The following table provides the carrying value for assets and liabilities measured on a non-recurring basis, all of which are measured under Level 3 of the fair value hierarchy, and the losses recorded during the periods presented. There were no gains or losses recognized in the three and nine months ended March 31, 2016 and there were $2.3 million of losses related to long-lived assets recognized in the three and nine months ended March 31, 2015.

 

Description of Assets

 

March 31, 2016

 

 

June 30, 2015

 

Equity method investments

 

$

1,175

 

 

$

2,871

 

Goodwill

 

 

1,426,202

 

 

 

1,287,180

 

Long-lived assets

 

 

1,073,077

 

 

 

1,222,088

 

Total

 

$

2,500,454

 

 

$

2,512,139