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SEC Filings

10-Q
ACETO CORP filed this Form 10-Q on 11/03/2017
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ACETO CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited and in thousands, except per-share amounts)

 

 

The following tables summarize the valuation of the Company’s financial assets and liabilities which were determined by using the following inputs at September 30, 2017 and June 30, 2017:

 

   Fair Value Measurements at September 30, 2017 Using 
   Quoted Prices
in Active
Markets
(Level 1)
   Significant
Other
Observable
Inputs (Level 2)
   Significant
Unobservable
Inputs
 (Level 3)
   Total 
                 
Cash equivalents:                    
Time deposits   -   $5,970    -   $5,970 
                     
Investments:                    
Time deposits   -    3,048    -    3,048 
                     
Foreign currency contracts-assets (1)   -    529    -    529 
Foreign currency contracts-liabilities (2)   -    232    -    232 
Derivative liability for interest rate swap (3)   -    475    -    475 
Contingent consideration (4)   -    -   $3,077    3,077 

 

(1)Included in “Other receivables” in the accompanying Condensed Consolidated Balance Sheet as of September 30, 2017.
(2)Included in “Accrued expenses” in the accompanying Condensed Consolidated Balance Sheet as of September 30, 2017.
(3)Included in “Long-term liabilities” in the accompanying Condensed Consolidated Balance Sheet as of September 30, 2017.
(4)$153 included in “Accrued expenses” and $2,924 included in “Long-term liabilities” in the accompanying Condensed Consolidated Balance Sheet as of September 30, 2017.

 

   Fair Value Measurements at June 30, 2017 Using 
   Quoted Prices
in Active
Markets
(Level 1)
   Significant
Other
Observable
Inputs (Level 2)
   Significant
Unobservable
Inputs
(Level 3)
   Total 
                 
Cash equivalents:                    
Time deposits   -   $5,781    -   $5,781 
                     
Investments:                    
Time deposits   -    2,046    -    2,046 
                     
Foreign currency contracts-assets (5)   -    486    -    486 
Foreign currency contracts-liabilities (6)   -    137    -    137 
Derivative liability for interest rate swap(7)   -    581    -    581 
Contingent consideration (8)   -    -   $2,952    2,952 

 

(5)Included in “Other receivables” in the accompanying Condensed Consolidated Balance Sheet as of June 30, 2017.
(6)Included in “Accrued expenses” in the accompanying Condensed Consolidated Balance Sheet as of June 30, 2017.
(7)Included in “Long-term liabilities” in the accompanying Condensed Consolidated Balance Sheet as of June 30, 2017.
(8)$145 included in “Accrued expenses” and $2,807 included in “Long-term liabilities” in the accompanying Condensed Consolidated Balance Sheet as of June 30, 2017.

 

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