Fair Value of Financial Instruments (Tables)

The following tables set forth the Company’s financial assets and liabilities at June 30, 2015 and 2014, measured at fair value on a recurring basis during the period, segregated by level within the fair value hierarchy:



	Level 1		Level 2		Level 3		Total
	($ in millions)
Assets
Cash and cash equivalents:
Money market funds(1)	$	65.5	$	—	$	—	$	65.5
Other current assets:
Available-for-sale equity securities	0.1		—		—		0.1
Other non-current assets:
Available-for-sale equity securities	24.5		—		1.1		25.6
Total assets as of June 30, 2015	$	90.1	$	—	$	1.1	$	91.2
Liabilities
Contingent consideration obligations:	$	—	$	—	$	15.7	$	15.7
Total liabilities as of June 30, 2015	$	—	$	—	$	15.7	$	15.7



	Level 1		Level 2		Level 3		Total
	($ in millions)
Assets
Cash and cash equivalents:
Money market funds(1)	$	138.9	$	—	$	—	$	138.9
Other current assets:
Available-for-sale equity securities	0.1		—		—		0.1
Other non-current assets:
Available-for-sale equity securities	19.8		—		1.1		20.9
Total assets as of June 30, 2014	$	158.8	$	—	$	1.1	$	159.9
Liabilities
Contingent consideration obligations:	$	—	$	—	$	1.3	$	1.3
Total liabilities as of June 30, 2014	$	—	$	—	$	1.3	$	1.3


(1)	Money market funds include MMDA account balances of $34.0 million and $71.6 million as of June 30, 2015 and 2014, respectively.

The following table sets forth an analysis of changes during fiscal years 2015 and 2014 in Level 3 financial assets of the Company:



	2015		2014
	($ in millions)
Beginning balance	$	1.1	$	1.1
Net realized/unrealized gains (losses)	—		—
Purchases	—		—
Transfers in (out) of Level 3	—		—
Ending balance	$	1.1	$	1.1

The following table sets forth an analysis of changes during fiscal years 2015 and 2014 in Level 3 financial liabilities of the Company:



	2015			2014
	($ in millions)
Beginning balance	$	1.3		$	—
Additional contingent consideration incurred	14.5			0.5
Increase in contingent consideration liability	0.3			0.8
Payments	(0.4		)	—
Ending balance	$	15.7		$	1.3