Fair Value of Financial Instruments (Tables)

3 Months Ended

Sep. 30, 2018

Summary of Fair Value and Carrying Value of Convertible Notes

The fair value and carrying value of the convertible notes were as follows at September 30, 2018 ($000):

	Fair Value		Carrying Value
Convertible notes	$	406,203	$	291,700

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 or for which fair value is disclosed for the periods presented ($000):

	Fair Value Measurements at September 30, 2018 Using:
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
	September 30,		Assets		Inputs		Inputs
	2018		(Level 1)		(Level 2)		(Level 3)
Assets:
Foreign currency forward contracts	$	387	$	-	$	387	$	-
Liabilities:
Net put option		2,024	$	-	$	-		2,024
Contingent earnout arrangements		4,997	$	-	$	-		4,997

	Fair Value Measurements at June 30, 2018 Using:
			Quoted Prices in		Significant
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
	June 30,		Assets		Inputs		Inputs
	2018		(Level 1)		(Level 2)		(Level 3)
Assets:
Foreign currency forward contracts	$	121	$	-	$	121	$	-
Liabilities:
Contingent earnout arrangements	$	5,405	$	-	$	-	$	5,405
Net put option	$	2,024	$	-	$	-	$	2,024

EpiWorks

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 equity investment acquired in November 2017. ($000):

	Significant
	Unobservable Inputs
	(Level 3)
Balance at July 1, 2018		7,429
Contingent earnout arrangements
Payments		(2,500	)
Changes in fair value recorded in other expense, (income)		(505	)
Other earnout arrangement		2,597
Balance at September 30, 2018		7,021