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Fair Value of Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2012
Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at June 30, 2012:

 

     Fair Value Measurements  
     June 30,
2012
     Level 1      Level 2      Level 3  

Assets:

           

U.S. Treasury bills and money market funds

   $ 97,049       $ 97,049       $ —         $ —     

Restricted cash

     3,281         3,281         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 100,330       $ 100,330       $ —         $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 
Fair Value of Contingent Consideration, Whose Fair Values Were Determined by Level 3 Inputs

The following table provides a rollforward of the fair value of the contingent consideration, whose fair values were determined by Level 3 inputs:

 

     Fair Value  

Balance at June 30, 2010

   $ —     

Contingent consideration from the LNX acquisition

     4,828   

Recognition of accretion expense in operating expenses

     26   
  

 

 

 

Balance at June 30, 2011

   $ 4,854   

Recognition of accretion expense in operating expenses

     84   

Change in the fair value of the liability related to the LNX earn-out

     (4,938
  

 

 

 

Balance at June 30, 2012

   $ —     
  

 

 

 
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis at June 30, 2011:

 

     Fair Value Measurements  
     June 30,
2011
     Level 1      Level 2      Level 3  

Assets:

           

U.S. Treasury bills and money market funds

   $ 153,038       $ 153,038       $ —         $ —     

Restricted cash

     3,000         3,000         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 156,038       $ 156,038       $ —         $ —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities:

           

Contingent consideration

   $ 4,854       $ —         $ —         $ 4,854