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Investments
9 Months Ended
Mar. 31, 2020
Investments [Abstract]  
Investments (5)      Investments

We have a number of equity investments in privately held companies that are unconsolidated entities and are recorded in the non-current balance of other assets on the consolidated condensed balance sheets. The following table shows a reconciliation of the changes in all of our investments (in thousands):

Nine Months Ended
March 31,

2020

2019

Equity method investments

Balance at the beginning of the period

$

21,667 

$

-

Investments

17,500 

25,000 

Loss attributable to equity method investments

(19,082)

(9,371)

Carrying value of equity method investments

20,085 

15,629 

  

Non-marketable securities

Balance at the beginning of the period

$

30,436 

$

41,226 

Investments

14,116 

6,092 

Impairment of investments

(14,519)

(8,801)

Acquisition of controlling interest in previously held investment (note 21)

-

(5,000)

Carrying value of non-marketable securities

30,033 

33,517 

  

Total investments in unconsolidated entities

$

50,118 

$

49,146 

Equity investments whereby we have significant influence but not control over the investee, and are not the primary beneficiary of the investee’s activities, are accounted for under the equity method. Under this method, we record our share of gains or losses attributable to equity method investments.

Non-marketable equity securities consist of investments in privately held companies without readily determinable fair values, and are reported at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. We estimate the fair value of our equity investments using Level 3 inputs to assess whether impairment losses shall be recorded.