Debt Debt (Tables)

12 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Allocation of fair value to liability

The Company allocated the transaction consideration on a relative fair value to the liability and common stock in accordance with ASC 470-10 as follows (in thousands):

		Allocated
Units of Accounting:		Consideration
	Liability related to sale of future royalties	$	182,216
	Common stock	67,784
		$	250,000

Deferred revenue, by arrangement

The following table shows the activity within liability related to sale of future royalties during the year ended June 30, 2018 (in thousands):

Liability related to sale of future royalties at January 7, 2018	$	182,216
Interest expense recognized	19,791
Carrying value of liability related to sale of future royalties at June 30, 2018	$	202,007