XML 34 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
Fair Value Measurements (Tables)
9 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value of available for sale securities
The following table summarizes our investments in available-for-sale securities:
 
March 31, 2016
 
Amortized Cost Basis (2)
 
Unrealized gain
 
Estimated Fair Value
Available-for-sale securities
 
 
 
 
 
Plaza Create Co. Ltd. common shares (1)
$
4,286

 
$
1,908

 
$
6,194

Total investments in available-for-sale securities
$
4,286

 
$
1,908

 
$
6,194


 
June 30, 2015
 
Amortized Cost Basis (2)
 
Unrealized gain
 
Estimated Fair Value
Available-for-sale securities
 
 
 
 
 
Plaza Create Co. Ltd. common shares (1)
$
3,939

 
$
2,971

 
$
6,910

Total investments in available-for-sale securities
$
3,939

 
$
2,971

 
$
6,910


________________________
(1) On February 28, 2014, we purchased shares in our publicly traded Japanese joint venture partner. Refer to Note 12 for further discussion of the separate joint business arrangement.
(2) Amortized cost basis represents our initial investment adjusted for currency translation.
Fair value of financial assets
The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy:
 
March 31, 2016
 
Total
 
Quoted Prices in
Active
Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Available-for-sale securities
$
6,194

 
$
6,194

 
$

 
$

Currency forward contracts
2,217

 

 
2,217

 

Total assets recorded at fair value
$
8,411

 
$
6,194

 
$
2,217

 
$

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Interest rate swap contracts
$
(1,954
)
 
$

 
$
(1,954
)
 
$

Cross-currency swap contracts
(14,750
)
 

 
(14,750
)
 

Currency forward contracts
(2,572
)
 

 
(2,572
)
 

Contingent consideration
(9,157
)
 

 

 
(9,157
)
Total liabilities recorded at fair value
$
(28,433
)
 
$

 
$
(19,276
)
 
$
(9,157
)

 
June 30, 2015
 
Total
 
Quoted Prices in
Active
Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Available-for-sale securities
$
6,910

 
$
6,910

 
$

 
$

Currency forward contracts
1,902

 

 
1,902

 

Total assets recorded at fair value
$
8,812

 
$
6,910

 
$
1,902

 
$

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Interest rate swap contracts
$
(1,150
)
 
$

 
$
(1,150
)
 
$

Cross-currency swap contracts
(8,433
)
 

 
(8,433
)
 

Currency forward contracts
(407
)
 

 
(407
)
 

Contingent consideration
(7,833
)
 

 

 
(7,833
)
Total liabilities recorded at fair value
$
(17,823
)
 
$

 
$
(9,990
)
 
$
(7,833
)

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
During the nine months ended March 31, 2016 and 2015, the following table represents the changes in fair value of Level 3 contingent consideration:
 
Nine Months Ended March 31,
 
2016
 
2015
Balance at June 30, 2015 and 2014, respectively (1)
$
7,833

 
$
16,072

Fair value at acquisition date
1,185

 

Fair value adjustment

 
14,890

Cash payments

 
(8,271
)
Foreign currency impact
139

 
(4,755
)
Balance at March 31, 2016 and 2015, respectively (2)
$
9,157

 
$
17,936


_____________________
(1) Of the total contingent consideration outstanding as of June 30, 2015 and 2014, $7,833 and $6,276 was classified as a current liability, respectively. As of June 30, 2014, $9,796 was classified as a long-term liability.
(2) Of the total contingent consideration outstanding as of March 31, 2016 and 2015, $7,921 and $10,372 was classified as a current liability, respectively. As of March 31, 2016 and 2015, $1,236 and $7,564 was classified as a long-term liability, respectively.