v3.19.2

Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables set forth the Company’s financial assets and liabilities at June 30, 2019 and 2018, respectively, which are 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)		$	68.1			$	—			$	—			$	68.1
Other current assets:
Securities		0.4				—				—				0.4
Other non-current assets:
Securities		81.8				—				—				81.8
Total assets as of June 30, 2019		$	150.3			$	—			$	—			$	150.3
Liabilities:
Contingent consideration obligations		$	—			$	—			$	28.4			$	28.4
Total liabilities as of June 30, 2019		$	—			$	—			$	28.4			$	28.4

		Level 1				Level 2				Level 3				Total
		(in millions)
Assets:
Cash and cash equivalents:
Money market funds (1)		$	86.8			$	—			$	—			$	86.8
Other current assets:
Securities		0.1				—				—				0.1
Other non-current assets:
Securities		66.9				—				—				66.9
Total assets as of June 30, 2018		$	153.8			$	—			$	—			$	153.8
Liabilities:
Contingent consideration obligations		$	—			$	—			$	18.6			$	18.6
Total liabilities as of June 30, 2018		$	—			$	—			$	18.6			$	18.6

 

(1)

Money market funds include money market deposit account balances of $30.1 million and $28.4 million as of June 30, 2019 and 2018, respectively.

Schedule of Changes in Level 3 Financial Liabilities

The following table sets forth an analysis of changes during fiscal years 2019 and 2018 in Level 3 financial liabilities of the Company:

		June 30,
		2019				2018
		(in millions)
Beginning balance		$	18.6			$	6.7
Additional contingent consideration incurred		7.9				13.5
Net increase (decrease) in contingent consideration liability		3.6				(1.1		)
Foreign currency impact on contingent consideration liability		(0.6		)		0.2
Payments		(1.0		)		(0.7		)
Ending balance		$	28.4			$	18.6

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration