Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2016

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 for the periods presented ($000):

	Fair Value Measurements at March 31, 2016 Using:
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	March 31, 2016		(Level 1)		(Level 2)		(Level 3)
Liabilities:
Foreign currency forward contracts	$	99	$	-	$	99	$	-
Contingent earnout arrangement	$	6,000	$	-	$	-	$	6,000

	Fair Value Measurements at June 30, 2015 Using:
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	June 30, 2015		(Level 1)		(Level 2)		(Level 3)
Assets:
Foreign currency forward contracts	$	130	$	-	$	130	$	-

EpiWorks

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

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 EpiWorks ($000):

	Significant
	Unobservable Inputs
	(Level 3)
Balance at July 1, 2015	$	-
Contingent earnout arrangement		6,000
Payments		-
Changes in fair value		-
Balance at March 31, 2016	$	6,000