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Fair Value of Financial Instruments (Tables)

3 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis at September 30, 2024:

			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			$	32,176					$	32,176					$	—					$	—
Forward foreign currency exchange contracts			17						—						17						—
Interest rate swap agreement			1,305						—						1,305						—
Total assets at fair value			$	33,498					$	32,176					$	1,322					$	—
Liabilities:
Deferred compensation plan investments, current and non-current			$	32,176					$	32,176					$	—					$	—
Foreign currency hedge			53						—						53						—
Liability for contingent consideration, current and non-current			17,200						—						—						17,200
Total liabilities at fair value			$	49,429					$	32,176					$	53					$	17,200

The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis at June 30, 2024:

			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			$	31,014					$	31,014					$	—					$	—
Foreign currency hedge			345						—						345						—
Interest rate swap agreement			2,698						—						2,698						—
Total assets at fair value			$	34,057					$	31,014					$	3,043					$	—
Liabilities:
Deferred compensation plan investments, current and non-current			$	31,014					$	31,014					$	—					$	—
Forward foreign currency exchange contracts			12						—						12						—
Total liabilities at fair value			$	31,026					$	31,014					$	12					$	—

Schedule of Changes in Fair Value of Contingent Considerations

Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for the Company's contingent consideration liabilities related to Advantix and Resourcive at September 30, 2024 were as follows.

Acquisition

Reporting Period

Valuation Technique

Significant Unobservable Inputs

Weighted Average Rates

Advantix

September 30, 2024

Discounted cash flow

Adjusted EBITDA risk premium

15.7

%

Adjusted EBITDA growth rate

19.8

%

Resourcive

September 30, 2024

Monte Carlo

Adjusted EBITDA risk premium

13.6

%

Simulated commission growth percentage

23.7

%

X

- References

No definition available.

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- Definition

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/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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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/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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