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Fair Value Measurements (Tables)
 6 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value for Financial Assets and Liabilities Measured on Recurring Basis

The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis (in thousands):

 

December 31, 2017

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

4,500

 

 

$

—

 

 

$

—

 

 

$

4,500

 

Marketable securities

 

 

1,104

 

 

 

—

 

 

 

—

 

 

 

1,104

 

Total assets measured at fair value

 

$

5,604

 

 

$

—

 

 

$

—

 

 

$

5,604

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition-related contingent consideration obligations

 

$

—

 

 

$

—

 

 

$

47,030

 

 

$

—

 

Total liabilities measured at fair value

 

$

—

 

 

$

—

 

 

$

47,030

 

 

$

—

 

 

June 30, 2017

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

4,291

 

 

$

—

 

 

$

—

 

 

$

4,291

 

Investment in non-marketable equity

 

 

—

 

 

 

—

 

 

 

3,000

 

 

 

3,000

 

Total assets measured at fair value

 

$

4,291

 

 

$

—

 

 

$

3,000

 

 

$

7,291

 

 
Schedule of Change in Acquisition-related Contingent Consideration Obligations

The change in the acquisition-related contingent consideration obligations is as follows (in thousands):

 

 

Three Months Ended

 

 

 

December 31,

2017

 

Beginning balance

 

$

—

 

Initial fair value measurements

 

 

47,030

 

Change in fair value

 

 

—

 

Ending balance

 

$

47,030