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Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Short-term Investments and Financial Instruments

The following table summarizes the valuation of the Company's remaining assets and liabilities measured at fair value on a recurring basis as of June 30, 2017:

	Total				Quoted prices  in active markets (Level  1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)
	(in thousands)
Assets:
Deferred compensation plan investments, current and non-current portion	$	21,439			$	21,439			$	—			$	—
Forward foreign currency exchange contracts	35				—				35				—
Interest rate swap agreement	21				—				21				—
Total assets at fair value	$	21,495			$	21,439			$	56			$	—
Liabilities:
Deferred compensation plan investments, current and non-current portion	$	21,074			$	21,074			$	—			$	—
Forward foreign currency exchange contracts	131				—				131				—
Liability for contingent consideration, current and non-current	114,036				—				—				114,036
Total liabilities at fair value	$	135,241			$	21,074			$	131			$	114,036

The following table presents assets and liabilities measured at fair value on a recurring basis as of June 30, 2016:

	Total				Quoted prices  in active markets (Level  1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)
	(in thousands)
Assets:
Deferred compensation plan investments, current and non-current portion	$	17,893			$	17,893			$	—			$	—
Forward foreign currency exchange contracts	33				—				33				—
Interest rate swap agreement	—				—				—				—
Total assets at fair value	$	17,926			$	17,893			$	33			$	—
Liabilities:
Deferred compensation plan investments, current and non-current portion	$	17,893			$	17,893			$	—			$	—
Forward foreign currency exchange contracts	551				—				551				—
Liability for contingent consideration, current and non-current	24,652				—				—				24,652
Total liabilities at fair value	$	43,096			$	17,893			$	551			$	24,652

Fair Value, Business Acquisition, Liability for Contingent Consideration

The table below provides a summary of the changes in fair value of the Company’s contingent considerations for the Imago, Network1 and Intelisys earnouts, which is measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the fiscal year ended June 30, 2017:

	Contingent Consideration for the Fiscal Year Ended
	June 30, 2017
	Worldwide Barcode, Networking & Security Segment				Worldwide Communications & Services Segment				Total
	(in thousands)
Fair value at beginning of period	$	—			$	24,652			$	24,652
Issuance of contingent consideration	—				95,000				95,000
Payments	—				(10,241		)		(10,241		)
Change in fair value	—				5,211				5,211
Fluctuation due to foreign currency exchange	—				(586		)		(586		)
Fair value at end of period	$	—			$	114,036			$	114,036

The table below provides a summary of the changes in fair value of the Company’s contingent considerations for the CDC, Imago and Network1 earnouts, which is measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the fiscal year ended June 30, 2016:

	Contingent Consideration for the Fiscal Year Ended
	June 30, 2016
	Worldwide Barcode, Networking & Security Segment				Worldwide Communications & Services Segment				Total
	(in thousands)
Fair value at beginning of period	$	5,109			$	28,851			$	33,960
Payments	(4,453		)		(4,153		)		(8,606		)
Change in fair value	181				1,113				1,294
Fluctuation due to foreign currency exchange	(837		)		(1,159		)		(1,996		)
Fair value at end of period	$	—			$	24,652			$	24,652

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for our contingent consideration liabilities as of June 30, 2017 and 2016 were as follows.

Reporting Period		Valuation Technique		Significant Unobservable Inputs		Weighted Average Rates
June 30, 2017		Discounted cash flow		Weighted average cost of capital		14.2	%
				Adjusted EBITDA growth rate		17.0	%
June 30, 2016		Discounted cash flow		Weighted average cost of capital		17.1	%
				Adjusted EBITDA growth rate		40.7	%

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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- Definition

Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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