Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2017

Assets Carried at Fair Value Measured on Recurring Basis

The following table summarizes the Company’s assets carried at fair value measured on a recurring basis at June 30, 2017 and 2016 by valuation hierarchy (in thousands):


	June 30, 2017
Description	Total Carrying Value		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:
Cash equivalents	$	13,521	$	13,521	$	—	$	—

	$	13,521	$	13,521	$	—	$	—


	June 30, 2016
Description	Total Carrying Value		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:
Cash equivalents	$	13,856	$	12,957	$	899	$	—
Marketable securities:
Corporate bonds		5,997		4,596		1,401		—
Commercial paper		7,682		—		7,682		—

	$	27,535	$	17,553	$	9,982	$	—