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Fair Value Measurements (Tables)
3 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The Company did not hold any financial liabilities that required measurement at fair value on a recurring basis. The following table presents the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis (in thousands):
September 30, 2015
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Investments:
 
 
 
 
 
 
 
Money market funds
$
4,768

 
$

 
$

 
$
4,768

Total
$
4,768

 
$

 
$

 
$
4,768


June 30, 2015
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Investments:
 
 
 
 
 
 
 
Money market funds
$
4,770

 
$

 
$

 
$
4,770

Total
$
4,770

 
$

 
$

 
$
7,770