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Fair Value of Financial Instruments (Tables)
 9 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Summary of Financial Assets Measured at Fair Value
The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at March 31, 2017: 
 
 
Fair Value Measurements
 
 
March 31, 2017
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
Certificates of deposit
 
$
100,057

 
$
—

 
$
100,057

 
$
—

Total
 
$
100,057

 
$
—

 
$
100,057

 
$
—