XML 36 R25.htm IDEA: XBRL DOCUMENT v3.3.1.900
Fair Value of Financial Instruments (Tables)
6 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables set forth the Company’s financial assets and liabilities at December 31, 2015 and June 30, 2015, respectively, that are measured at fair value on a recurring basis during the period, segregated by level within the fair value hierarchy:
 
Level 1
 
Level 2
 
Level 3
 
Total
 
($ in millions)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents:
 
 
 
 
 
 
 
Money market funds (1)
$
45.8

 
$

 
$

 
$
45.8

Other current assets:
 
 
 
 
 
 
 
Available-for-sale securities
0.1

 

 

 
0.1

Other non-current assets:
 
 
 
 
 
 
 
Available-for-sale securities
31.6

 

 
1.1

 
32.7

Total assets as of December 31, 2015
$
77.5

 
$

 
$
1.1

 
$
78.6

Liabilities:
 
 
 
 
 
 
 
     Contingent consideration obligations

 

 
14.4

 
14.4

Total liabilities as of December 31, 2015
$

 
$

 
$
14.4

 
$
14.4


 
Level 1
 
Level 2
 
Level 3
 
Total
 
($ in millions)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents:
 
 
 
 
 
 
 
Money market funds (1)
$
65.5

 
$

 
$

 
$
65.5

Other current assets:
 
 
 
 
 
 
 
Available-for-sale securities
0.1

 

 

 
0.1

Other non-current assets:
 
 
 
 
 
 
 
Available-for-sale securities
24.5

 

 
1.1

 
25.6

Total assets as of June 30, 2015
$
90.1

 
$

 
$
1.1

 
$
91.2

Liabilities:
 
 
 
 
 
 
 
     Contingent consideration obligations

 

 
15.7

 
15.7

Total liabilities as of June 30, 2015
$

 
$

 
$
15.7

 
$
15.7

_____________
(1)
Money market funds include money market deposit account balances of $24.8 million and $34.0 million as of December 31, 2015 and June 30, 2015, respectively.
Schedule of Changes in Level 3 Financial Assets
The following table sets forth an analysis of changes during the six months ended December 31, 2015 and 2014, respectively, in Level 3 financial assets of the Company:
 
December 31,
2015
 
December 31,
2014
 
($ in millions)
Beginning balance
$
1.1

 
$
1.1

Net realized/unrealized gains (losses)

 

Purchases

 

Transfers in (out) of Level 3

 

Ending balance
$
1.1

 
$
1.1

Schedule of Changes in Level 3 Financial Liabilities
The following table sets forth an analysis of changes during the six months ended December 31, 2015 and 2014, in Level 3 financial liabilities of the Company:
 
December 31,
2015
 
December 31,
2014
 
($ in millions)
Beginning balance
$
15.7

 
$
1.3

Additional contingent consideration incurred
0.7

 
1.1

Decrease in contingent consideration liability
(1.0
)
 

Payments
(1.0
)
 

Ending balance
$
14.4

 
$
2.4