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Fair Value Measurements
 9 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table presents the Company’s assets that are measured at fair value on a recurring basis, which include cash equivalents:
Fair Value HierarchyMarch 31,
2025		June 30,
2024
Assets:
Money market accountsI$50,026 $37,594 
Time depositsI44,741 49,510 
Equity investmentsI32,050 36,217 
WarrantsIII1,904 6,995 
Total assets measured at fair value$128,721 $130,316 
Level I Inputs
Assets that are classified within Level I of the fair value hierarchy are valued using observable inputs that reflect quoted prices for identical assets in active markets. The carrying amount of the Company’s money market accounts and time deposits approximates fair value due to their short-term maturities. Refer to Note 9 for further details regarding equity investments.
Level III Inputs
The Company’s Level III assets consist of warrants entitling the Company to acquire additional common stock of Xtract One. The Company’s warrants are included within Investments in the accompanying consolidated balance sheets. Changes in the fair value of derivative instruments are measured at each reporting date and are recorded within Miscellaneous expense, net in the accompanying consolidated statements of operations. The fair value of the Company’s warrants in Xtract One were determined using the Black-Scholes option pricing model. The following are key assumptions used to calculate the fair value of the warrants as of March 31, 2025 and June 30, 2024:
March 31,
2025		June 30,
2024
Expected term1.43 years1.80 years
Expected volatility61.41 %64.15 %
Risk-free interest rate3.97 %4.73 %
The following table presents additional information about our assets for which we utilize Level III inputs to determine fair value:
Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
Balance at beginning of period$3,838 $8,802 $6,995 $13,098 
Unrealized losses on warrants(1,934)(1,529)(5,091)(5,825)
Balance at end of period$1,904 $7,273 $1,904 $7,273 
The carrying value and fair value of the Company’s debt reported in the accompanying consolidated balance sheets are as follows:
March 31, 2025June 30, 2024
Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
Liabilities
Debt, current (a)
$24,000 $24,000 $30,000 $30,000 
Long-term debt (b)
$267,000 $267,000 $275,000 $275,000 
_________________
(a)The Company’s debt, current is classified within Level II of the fair value hierarchy as it is valued using quoted indices of similar securities for which the inputs are readily observable. The fair value of the Company’s debt, current is the same as its carrying amount based on valuation of similar securities. See Note 12 for further details.
(b)The Company’s long-term debt is classified within Level II of the fair value hierarchy as it is valued using quoted indices of similar securities for which the inputs are readily observable. The fair value of the Company’s long-term debt is the same as its carrying amount as the debt bears interest at a variable rate indexed to current market conditions. See Note 12 for further details.