Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2016

Fair Value Measurements

Schedule of financial recurring and nonrecurring assets and liabilities measured at fair value on a recurring basis

	December 31, 2016
(In thousands)	Level 1		Level 2		Level 3		Total
Assets
Equity securities	$	11,870	$	—	$	—	$	11,870
Intangible Assets - KUPI IPR&D (a)	—		—		18,000		18,000
Total Assets	$	11,870	$	—	$	18,000	$	29,870
Liabilities
Acquisition-related contingent consideration	$	—	$	—	$	35,000	$	35,000
Total Liabilities	$	—	$	—	$	35,000	$	35,000

	June 30, 2016
(In thousands)	Level 1		Level 2		Level 3		Total
Assets
Equity securities	$	14,094	$	—	$	—	$	14,094
Total Assets	$	14,094	$	—	$	—	$	14,094
Liabilities
Acquisition-related contingent consideration	$	—	$	—	$	35,000	$	35,000
Total Liabilities	$	—	$	—	$	35,000	$	35,000

(a) Intangible assets related to KUPI’s IPR&D with a carrying amount of $41.0 million were written down to a fair value of $18.0 million due to an impairment charge of $23.0 million recorded in the second quarter of Fiscal 2017.