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Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2025

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 March 31, 2025:

			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			$	30,110					$	30,110					$	—					$	—
Forward foreign currency exchange contracts			17						—						17						—
Interest rate swap agreement			1,046						—						1,046						—
Foreign currency hedge			16						—						16						—
Total assets at fair value			$	31,189					$	30,110					$	1,079					$	—
Liabilities:
Deferred compensation plan investments, current and non-current			$	30,110					$	30,110					$	—					$	—
Liability for contingent consideration, current and non-current			19,247						—						—						19,247
Total liabilities at fair value			$	49,357					$	30,110					$	—					$	19,247

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					$	—					$	—
Interest rate swap agreement			2,698						—						2,698						—
Foreign currency hedge			345						—						345						—
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

The following tables represent the Company's contingent consideration liabilities at fair value at March 31, 2025:

			Quarter ended March 31, 2025
			Specialty Technology Solutions						Intelisys & Advisory						Total
			(in thousands)
Fair value at beginning of period			$	7,973					$	10,370					$	18,343
Change in fair value of contingent consideration			94						810						904
Fair value at end of period			$	8,067					$	11,180					$	19,247
			Nine months ended March 31, 2025
			Specialty Technology Solutions						Intelisys & Advisory						Total
			(in thousands)
Fair value at beginning of period			$	—					$	—					$	—
Issuance of contingent consideration			7,500						9,700						17,200
Change in fair value of contingent consideration			567						1,480						2,047
Fair value at end of period			$	8,067					$	11,180					$	19,247

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 March 31, 2025 were as follows.

Acquisition

Reporting Period

Valuation Technique

Significant Unobservable Inputs

Weighted Average Rates

Advantix

March 31, 2025

Discounted cash flow

Adjusted EBITDA risk premium

15.0

%

Adjusted EBITDA growth rate

28.1

%

Resourcive

March 31, 2025

Monte Carlo

Adjusted EBITDA risk premium

12.9

%

Simulated commission growth percentage

15.2

%

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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