Investments (Tables)

9 Months Ended

Mar. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Equity investments by measurement category were as follows (in thousands):


Measurement category	March 31, 2022		June 30, 2021
Fair value	$	17,842	$	29,084
Measurement alternative	38,180		23,002
Equity method	12,477		17,154
Total	$	68,499	$	69,240

Schedule Of Changes In Equity Investments

The following tables show a reconciliation of the changes in our equity investments (in thousands):


	Nine Months Ended March 31, 2022
	Non-marketable securities		Marketable securities		Equity method investments		Total
Balance at the beginning of the period	$	23,002	$	29,084	$	17,154	$	69,240
Net additions (reductions) to investments (1)	7,665		(3,202)		1,250		5,713
Observable price adjustments on non-marketable equity securities	5,367		—		—		5,367
Unrealized losses on marketable equity securities	—		(9,666)		—		(9,666)
Realized gains on marketable and non-marketable equity securities	2,355		1,626		—		3,981
Impairment of investments	(209)		—		—		(209)
Loss attributable to equity method investments	—		—		(5,927)		(5,927)
Carrying value at the end of the period	$	38,180	$	17,842	$	12,477	$	68,499

(1)Net additions (reductions) to investments includes additions from purchases, reductions due to exits of securities, or reclassifications due to our acquisition of an investee in which we held a prior equity interest.


	Nine Months Ended March 31, 2021
	Non-marketable securities		Marketable securities		Equity method investments		Total
Balance at the beginning of the period	$	30,033	$	—	$	14,109	$	44,142
Additions to investments	2,538		5,000		12,500		20,038
Observable price adjustments on non-marketable equity securities	1,000		—		—		1,000
Unrealized gains on marketable equity securities	—		8,442		—		8,442
Reclassifications (2)	(10,569)		10,569		—		—
Loss attributable to equity method investments	—		—		(9,895)		(9,895)
Carrying value at the end of the period	$	23,002	$	24,011	$	16,714	$	63,727

(2)During the nine months ended March 31, 2021, one of our investments, which was previously accounted for under the measurement alternative, completed its initial public offering which resulted in a change of accounting methodology to fair value.