Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2014

Summary by Level of Fair Value of Financial Instruments Measured on Recurring Basis

The following table provides a summary by level of the fair value of financial instruments that are measured on a recurring basis as of June 30, 2014 ($000):

	Fair Value Measurements at June 30, 2014 Using:
			Quoted Prices in
			Active Markets		Significant
			for Identical		Other Observable		Significant Unobservable
	June 30,2014		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Liabilities:
Contingent Earnout Arrangement	$	-	$	-	$	-	$	-
Foreign currency forward contracts	$	54	$	-	$	54	$	-

	Fair Value Measurements at June 30, 2013 Using:
			Quoted Prices in
			Active Markets		Significant
			for Identical		Other Observable		Significant Unobservable
	June 30,2013		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Liabilities:
Contingent Earnout Arrangement	$	3,300	$	-	$	-	$	3,300
Foreign currency forward contracts	$	23	$	-	$	23	$	-

Reconciliation of Beginning and Ending Fair-Value Measurements of Level Three Contingent Earnout Arrangement Related to Acquisition of LightWorks

The following table presents a reconciliation of the beginning and ending fair value measurements of the Company’s Level 3 contingent earnout arrangement related to the acquisition of LightWorks:

	Significant Other
	Unobservable Inputs
	(Level 3)
Balance at June 30, 2013	$	3,300
Payment of earnout arrangement		(3,000	)
Changes in fair value		(300	)
Balance at June 30, 2014	$	-