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Fair Value Measurements (Tables)
12 Months Ended
Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of fair value on a recurring basis

    

Fair Value Measurements at June 30, 2022

    

Fair Value at June 30, 

    

    

    

2022

 

(Level 1)

 

(Level 2)

 

(Level 3)

(In thousands)

Assets:

 

 

Cash and cash equivalents

$

19,360

$

19,360

$

$

Total

$

19,360

 

$

19,360

 

$

$

Liabilities:

Contingent consideration

 

$

396

 

$

 

$

 

$

396

CVR liability

 

578

 

 

 

578

Warrant

 

 

 

Total

$

974

 

$

 

$

$

974

    

Fair Value Measurements at June 30, 2021

    

Fair Value at June 30, 

    

    

    

2021

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

(In thousands)

Assets:

Cash and cash equivalents

$

49,649

$

49,649

$

$

Total

$

49,649

 

$

49,649

 

$

$

Liabilities:

Contingent consideration

$

12,057

 

$

 

$

 

$

12,057

CVR liability

1,395

 

 

 

1,395

Total

$

13,452

 

$

 

$

$

13,452

Schedule of fair value on a nonrecurring basis

    

Fair Value Measurements at June 30, 2022

    

Fair Value at June 30, 

    

    

    

2022

 

(Level 1)

 

(Level 2)

 

(Level 3)

(In thousands)

Non-recurring

 

 

Fixed payment arrangements

$

13,051

$

$

$

13,051

Total

$

13,051

 

$

 

$

$

13,051

    

Fair Value Measurements at June 30, 2021

    

Fair Value at June 30, 

    

    

    

2021

 

(Level 1)

 

(Level 2)

 

(Level 3)

(In thousands)

Non-recurring

 

 

Fixed payment arrangements

$

9,458

$

$

$

9,458

Total

$

9,458

 

$

 

$

$

9,458

Schedule of changes in Level 3 inputs

    

CVR

    

Contingent

    

Fixed Payment

Warrant

Liability

Consideration

Arrangements

Liability

(In thousands)

Balance as of June 30, 2021

 

$

1,395

$

12,057

 

$

9,458

$

Included in earnings

 

(817)

604

 

1,148

(211)

Purchases, issues, sales and settlements:

 

 

 

 

 

Issues

 

 

 

 

 

7,645

 

590

Settlements*

 

 

 

(12,265)

 

 

(5,200)

 

(379)

Balance as of June 30, 2022

 

$

578

$

396

 

$

13,051

$

* Including $9.1 million reversal of contingent consideration liabilities see Note 10 Other Liabilities and $0.4 million liability warrants reclassified to equity.

Contingent Value Rights  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of significant assumptions used in valuation

June 30, 

    

2022

2021

Leveraged Beta

 

0.85

 

0.91

Market risk premium

6.22

%

6.00

%

Risk-free interest rate

2.86

%

0.36

%

Discount

20.50

%

13.00

%

Company specific discount

 

10.00

%

 

5.00

%

Derivative Financial Instruments, Liabilities  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of significant assumptions used in valuation

January 26,

    

2022

Expected volatility

 

56.75

%

Equivalent term (years)

5.00

Risk-free rate

1.66

%

Dividend yield

0.00

%

Fixed Payment Arrangements  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of significant assumptions used in valuation

June 30, 

    

2022

    

2021

Discount rate - minimum

 

10.0

%

 

10.0

%

Discount rate - maximum

15.4

%

12.4

%