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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

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Fair Value Measurements at June 30, 2022

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Fair Value at June 30, 

    

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2022

 

(Level 1)

 

(Level 2)

 

(Level 3)

​

​

(In thousands)

Assets:

 

​

​

 

​

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

19,360

​

$

19,360

​

$

—

​

$

—

Total

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$

19,360

 

$

19,360

 

$

—

​

$

—

Liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Contingent consideration

 

$

396

 

$

—

 

$

—

 

$

396

CVR liability

 

​

578

 

​

—

 

​

—

 

​

578

Warrant

​

​

—

 

​

—

 

​

—

 

​

—

Total

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$

974

 

$

—

 

$

—

​

$

974

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Fair Value Measurements at June 30, 2021

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Fair Value at June 30, 

    

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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

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$

13,452

 

$

—

 

$

—

​

$

13,452

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Schedule of fair value on a nonrecurring basis

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Fair Value Measurements at June 30, 2022

​

    

Fair Value at June 30, 

    

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​

    

​

​

​

2022

 

(Level 1)

 

(Level 2)

 

(Level 3)

​

​

(In thousands)

Non-recurring

 

​

​

 

​

​

​

​

​

​

​

​

Fixed payment arrangements

​

$

13,051

​

$

—

​

$

—

​

$

13,051

Total

​

$

13,051

 

$

—

 

$

—

​

$

13,051

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​

​

​

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​

​

​

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

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$

9,458

 

$

—

 

$

—

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$

9,458

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Schedule of changes in Level 3 inputs

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CVR

    

Contingent

    

Fixed Payment

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​

Warrant

​

​

Liability

​

Consideration

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Arrangements

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​

Liability

​

​

(In thousands)

Balance as of June 30, 2021

 

$

1,395

​

$

12,057

 

$

9,458

​

$

—

Included in earnings

 

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(817)

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​

604

 

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1,148

​

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(211)

Purchases, issues, sales and settlements:

 

 

​

​

​

​

 

 

​

​

 

​

Issues

 

 

—

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—

 

 

7,645

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590

Settlements*

 

 

—

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(12,265)

 

 

(5,200)

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(379)

Balance as of June 30, 2022

 

$

578

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$

396

 

$

13,051

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$

—

* 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

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June 30, 

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2022

​

2021

Leveraged Beta

 

0.85

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0.91

​

Market risk premium

​

6.22

%

​

6.00

%

Risk-free interest rate

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2.86

%

​

0.36

%

Discount

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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

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January 26,

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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

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June 30, 

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2022

    

2021

Discount rate - minimum

 

10.0

%

 

10.0

%

Discount rate - maximum

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15.4

%

​

12.4

%

​