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Fair Value Measurements (Tables)
9 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of financial assets that were accounted for at fair value

The tables below set forth, by level, the Company’s financial assets that were accounted for at fair value (in thousands):

 

 

 

March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated Fair Value

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Cash and

Cash

Equivalents

 

 

Short-term

Investments

 

Cash

 

$

70,392

 

 

$

 

 

$

 

 

$

70,392

 

 

$

 

Level 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate securities

 

 

533

 

 

 

355

 

 

 

 

 

 

 

 

 

 

 

888

 

Total

 

$

70,925

 

 

$

355

 

 

$

 

 

$

70,392

 

 

$

888

 

 

 

 

June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Estimated Fair Value

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gains

 

 

Gross

Unrealized

Losses

 

 

Cash and

Cash

Equivalents

 

 

Short-term

Investments

 

Cash

 

$

70,515

 

 

$

 

 

$

 

 

$

70,515

 

 

$

 

Level 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

1,569

 

 

 

 

 

 

 

 

 

1,569

 

 

 

 

Level 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

 

 

23,998

 

 

 

 

 

 

(89

)

 

 

 

 

 

23,909

 

Total

 

$

96,082

 

 

$

 

 

$

(89

)

 

$

72,084

 

 

$

23,909

 

 

Summary of carrying values and estimated fair values of short-term and long-term debt

The following table summarizes the carrying value and estimated fair value of all Debt (in thousands):

 

 

 

March 31, 2018

 

 

June 30, 2017

 

 

 

Carrying

Value

 

 

Fair

Value

 

 

Carrying

Value

 

 

Fair

Value

 

3.50% Convertible Notes

 

$

 

 

$

 

 

$

44,099

 

 

$

48,146

 

3.50% Series A Convertible Notes

 

 

 

 

 

 

 

 

68,924

 

 

 

74,982

 

3.75% Convertible Notes

 

 

68,598

 

 

 

96,900

 

 

 

 

 

 

 

Revolving Credit Facility

 

 

28,007

 

 

 

28,007

 

 

 

51,548

 

 

 

51,548

 

Term Loan

 

 

37,716

 

 

 

37,716

 

 

 

 

 

 

 

Total

 

$

134,321

 

 

$

162,623

 

 

$

164,571

 

 

$

174,676