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Fair Value Measurements (Tables)
12 Months Ended
Jun. 30, 2019
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):

June 30, 2019

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

 

$

 

 

$

 

 

$

 

 

$

 

Total assets measured at fair value

 

$

 

 

$

 

 

$

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition-related contingent consideration obligations

 

$

 

 

$

 

 

$

6,298

 

 

$

6,298

 

Total liabilities measured at fair value

 

$

 

 

$

 

 

$

6,298

 

 

$

6,298

 

 

June 30, 2018

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable securities

 

$

1,459

 

 

$

 

 

$

 

 

$

1,459

 

Total assets measured at fair value

 

$

1,459

 

 

$

 

 

$

 

 

$

1,459

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition-related contingent consideration obligations

 

$

 

 

$

 

 

$

12,749

 

 

$

12,749

 

Total liabilities measured at fair value

 

$

 

 

$

 

 

$

12,749

 

 

$

12,749

 

Schedule of Change in Acquisition-related Contingent Consideration Obligations

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

 

 

Year Ended

 

 

 

June 30,

2019

 

Beginning balance

 

$

12,749

 

Payments

 

 

(6,506

)

Accretion on discount

 

 

244

 

Adjustments

 

 

(189

)

Ending balance

 

$

6,298