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Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis

The following table presents the fair value of the Company’s financial instruments (in thousands):

		March 31, 2021																June 30, 2020
		Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
Assets:
Money market funds		$	1,670			$	—			$	—			$	1,670			$	1,668			$	—			$	—			$	1,668
Total		$	1,670			$	—			$	—			$	1,670			$	1,668			$	—			$	—			$	1,668
Liabilities:
Post-closing payments related to acquisitions		$	—			$	37,543			$	—			$	37,543			$	—			$	9,045			$	—			$	9,045
Contingent consideration related to acquisitions			—				—				5,748				5,748				—				—				3,170				3,170
Total		$	—			$	37,543			$	5,748			$	43,291			$	—			$	9,045			$	3,170			$	12,215
Reported as:
Cash and cash equivalents														$	1,670															$	1,668
Other Liabilities:
Current														$	13,064															$	6,734
Noncurrent															30,227																5,481
Total														$	43,291															$	12,215

Schedule of Change in Contingent Consideration

The following table represents the changes in the contingent consideration during the three and nine months ended March 31, 2021 (in thousands):

		Three Months Ended				Nine Months Ended
		March 31, 2021				March 31, 2021
Balance at the beginning of period		$	2,822			$	3,170
Additions related to the acquisition of FCE (initial measurement)			2,926				2,926
Changes in fair value during the period			—				—
Payments made during the period			—				(348	)
Balance at the end of period		$	5,748			$	5,748

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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