The Company and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Dec. 31, 2021

Schedule Of Revenue Associated With License Agreement

We recognized revenue associated with the following license agreements (in thousands):

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
KKC License Agreements	$	18,222	$	9,090	$	31,609	$	12,658
Helsinn License Agreement		—		77		—		343
	$	18,222	$	9,167	$	31,609	$	13,001
Timing of Revenue Recognition:
Services performed over time	$	18,222	$	9,167	$	31,609	$	13,001
	$	18,222	$	9,167	$	31,609	$	13,001

Schedule of Changes in Contract Assets and Contract Liabilities

The following table presents changes in contract assets and contract liabilities accounted for under Topic 606 during the six months ended December 31, 2021 and 2020 (in thousands):

	Six Months Ended December 31,
	2021			2020
Accounts Receivable
Accounts Receivable, beginning of period	$	—		$	83
Amounts billed		35,757			8,355
Payments received		(35,757	)		(8,037	)
Accounts Receivable, end of period	$	—		$	401
Contract assets
Contract assets, beginning of period	$	7,582		$	2,858
Billable amounts		38,326			15,381
Amounts billed		(35,757	)		(8,355	)
Contract assets, end of period	$	10,151		$	9,884
Contract liabilities
Contract liabilities, beginning of period	$	22,781		$	17,955
Net change		6,716			2,334
Contract liabilities, end of period	$	29,497		$	20,289