Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2016

Financial instruments at fair value on recurring basis

As of September 30, 2016, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	394	$	—	$	394
Total assets at fair value	$	—	$	394	$	—	$	394

Liabilities:
Derivatives⁽¹⁾	$	—	$	518	$	—	$	518
Total liabilities at fair value	$	—	$	518	$	—	$	518

As of June 30, 2016, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	334	$	—	$	334
Total assets at fair value	$	—	$	334	$	—	$	334

Liabilities:
Derivatives ⁽¹⁾	$	—	$	763	$	—	$	763
Contingent consideration	—		—		6,600		6,600
Total liabilities at fair value	$	—	$	763	$	6,600	$	7,363

⁽¹⁾ Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.