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Fair Value of Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2019
Business Combinations [Abstract]  
Summary of Fair Value and Carrying Value of Convertible Notes The fair value and carrying value of the convertible notes were as follows at June 30, 2019 ($000):
Fair ValueCarrying Value
Convertible notes$365,700$301,141  
Summary by Level of Fair Value of Financial Instruments Measured on Recurring Basis
The following tables provide a summary by level of the fair value of financial instruments that are measured on a recurring basis as of June 30, 2019 and 2018 ($000):
Fair Value Measurements at June 30, 2019 Using:
June 30, 2019Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Liabilities:
Foreign currency forward contracts$139  $—  $139  $—  
Contingent earnout arrangements4,397  —  —  4,397  
Net put option2,024  —  —  2,024  
Fair Value Measurements at June 30, 2018 Using:
June 30, 2018Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Foreign currency forward contracts$121  $—  $121  $—  
Liabilities:
Contingent earnout arrangements5,405  —  —  5,405  
Net put option2,024  —  —  2,024  
Reconciliation of Beginning and Ending Fair Value Measurements of Level Three Contingent Earnout Arrangements Related to Company's Acquisitions
The following table presents a reconciliation of the beginning and ending fair value measurements of the Company’s level 3 contingent earnout arrangements related to the Company’s acquisitions and the net put option relating to the purchase of the equity investment in November 2017 ($000):
Significant
Unobservable Inputs
(Level 3)
Balance at July 1, 2018$7,429  
Activity:
Payments(4,524) 
Changes in fair value recorded in other expense (income), net(881) 
Other earnout arrangements4,397  
Balance at June 30, 2019$6,421