Cost Basis Investment |
9 Months Ended | ||
---|---|---|---|
Mar. 31, 2017 | |||
Investments All Other Investments [Abstract] | |||
Cost Basis Investment |
During the quarter ended March 31, 2017, the Company sold its investment in RainDance Technologies, Inc., which had been recorded under the cost method as an “Other Asset” on the Company’s condensed consolidated balance sheet. Initial cost method fair value of the investment was $5.0. During the quarter ended December 31, 2016 we recognized a $2.4 impairment on this investment based on indications suggesting that the fair value of this investment was impaired. During the quarter ended March 31, 2017 the remaining investment was sold for $2.6. |