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Fair Value of Financial Instruments (Tables)

3 Months Ended

Sep. 30, 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 September 30, 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			$	35,388					$	35,388					$	—					$	—
Interest rate swap agreement			373						—						373						—
Total assets at fair value			$	35,761					$	35,388					$	373					$	—
Liabilities:
Deferred compensation plan investments, current and non-current			$	35,388					$	35,388					$	—					$	—
Forward foreign currency exchange contracts			6						—						6						—
Foreign currency hedge			89						—						89						—
Liability for contingent consideration, current and non-current			18,039						—						—						18,039
Total liabilities at fair value			$	53,522					$	35,388					$	95					$	18,039

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, 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			$	31,887					$	31,887					$	—					$	—
Forward foreign currency exchange contracts			15						—						15						—
Interest rate swap agreement			680						—						680						—
Total assets at fair value			$	32,582					$	31,887					$	695					$	—
Liabilities:
Deferred compensation plan investments, current and non-current			$	31,887					$	31,887					$	—					$	—
Foreign currency hedge			290						—						290						—
Liability for contingent consideration, current and non-current			19,100						—						—						19,100
Total liabilities at fair value			$	51,277					$	31,887					$	290					$	19,100

Schedule of Changes in Fair Value of Contingent Considerations

The following tables summarizes the fair value of the Company's contingent consideration liabilities at September 30, 2025 and September 30, 2024:

			Contingent consideration for the quarter ended
			September 30, 2025
			Specialty Technology Solutions						Intelisys & Advisory						Total
			(in thousands)
Fair value at beginning of period			$	6,660					$	12,440					$	19,100
Payments			(1,375)						—						(1,375)
Change in fair value of contingent consideration			145						169						314
Fair value at end of period			$	5,430					$	12,609					$	18,039

									Contingent consideration for the quarter ended
									September 30, 2024
									Specialty Technology Solutions						Intelisys & Advisory						Total
									(in thousands)
Fair value at beginning of period									$	—					$	—					$	—
Issuance of contingent consideration									7,500						9,700						17,200
Fair value at end of period									$	7,500					$	9,700					$	17,200

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, 2025 were as follows.

Acquisition

Reporting Period

Valuation Technique

Significant Unobservable Inputs

Weighted Average Rates

Advantix

September 30, 2025

Discounted cash flow

Adjusted EBITDA risk premium

15.3

%

Adjusted EBITDA growth rate

22.0

%

Resourcive

September 30, 2025

Monte Carlo

Adjusted EBITDA risk premium

12.7

%

Simulated commission growth percentage

24.2

%

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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