XML 42 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Tables)
 3 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value of available for sale securities
The following table summarizes our investments in marketable securities:
 
September 30, 2016
 
Amortized Cost Basis (2)
 
Unrealized gain
 
Estimated Fair Value
Available-for-sale securities
 
 
 
 
 
Plaza Create Co. Ltd. common shares (1)
$
4,748

 
$
2,564

 
$
7,312

Total investments in available-for-sale securities
$
4,748

 
$
2,564

 
$
7,312


 
June 30, 2016
 
Amortized Cost Basis (2)
 
Unrealized gain
 
Estimated Fair Value
Available-for-sale securities
 
 
 
 
 
Plaza Create Co. Ltd. common shares (1)
$
4,405

 
$
3,488

 
$
7,893

Total investments in available-for-sale securities
$
4,405

 
$
3,488

 
$
7,893


________________________
(1) On February 28, 2014, we purchased shares in our publicly traded Japanese joint venture partner. Refer to Note 11 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:
 
September 30, 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
$
7,312

 
$
7,312

 
$
—

 
$
—

Currency forward contracts
8,998

 
—

 
8,998

 
—

Total assets recorded at fair value
$
16,310

 
$
7,312

 
$
8,998

 
$
—

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Interest rate swap contracts
$
(1,755
)
 
$
—

 
$
(1,755
)
 
$
—

Cross-currency swap contracts
(14,063
)
 
—

 
(14,063
)
 
—

Currency forward contracts
(1,790
)
 
—

 
(1,790
)
 
—

Contingent consideration
(2,339
)
 
—

 
—

 
(2,339
)
Total liabilities recorded at fair value
$
(19,947
)
 
$
—

 
$
(17,608
)
 
$
(2,339
)

 
June 30, 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
$
7,893

 
$
7,893

 
$
—

 
$
—

Currency forward contracts
9,821

 
—

 
9,821

 
—

Total assets recorded at fair value
$
17,714

 
$
7,893

 
$
9,821

 
$
—

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Interest rate swap contracts
$
(2,180
)
 
$
—

 
$
(2,180
)
 
$
—

Cross-currency swap contracts
(8,850
)
 
—

 
(8,850
)
 
—

Currency forward contracts
(315
)
 
—

 
(315
)
 
—

Contingent consideration
(1,212
)
 
—

 
—

 
(1,212
)
Total liabilities recorded at fair value
$
(12,557
)
 
$
—

 
$
(11,345
)
 
$
(1,212
)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table represents the changes in fair value of Level 3 contingent consideration:
 
Three Months Ended September 30,
 
2016 (1)
 
2015 (2)
Balance at June 30
$
1,212

 
$
7,833

Fair value adjustment
1,112

 
—

Foreign currency impact
15

 
48

Balance at September 30 (3)
$
2,339

 
$
7,881


_____________________
(1) Classified as long-term liability on the consolidated balance sheet
(2) Classified as short-term liability on the consolidated balance sheet
(3) Contingent consideration balance as of September 30, 2015, which related to our Printdeal acquisition, was paid during the fourth quarter of fiscal 2016.