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Summary of Significant Accounting Policy (Tables) | 6 Months Ended
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Dec. 31, 2017
Summary of Significant Accounting Policies |
Schedule of useful lives of property and equipment |
|  | Useful Life
Student and state testing computers |  | 3 - 5 years
Computer hardware |  | 3 years
Computer software |  | 3 - 5 years
Web site development |  | 3 years
Office equipment |  | 5 years
Furniture and fixtures |  | 7 years
Leasehold improvements |  | 3 - 12 years
Schedule of intangible assets |
|  | December 31, 2017 |  | June 30, 2017
($ in millions) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Trade names |  | $ | 17.6 |  | $ | (8.1) |  | $ | 9.5 |  | $ | 17.6 |  | $ | (7.6) |  | $ | 10.0
Customer and distributor relationships |  |  | 20.5 |  |  | (12.7) |  |  | 7.8 |  |  | 20.1 |  |  | (12.0) |  |  | 8.1
Developed technology |  |  | 3.2 |  |  | (2.0) |  |  | 1.2 |  |  | 2.9 |  |  | (1.7) |  |  | 1.2
Other |  |  | 1.4 |  |  | (0.5) |  |  | 0.9 |  |  | 1.4 |  |  | (0.5) |  |  | 0.9
Total |  | $ | 42.7 |  | $ | (23.3) |  | $ | 19.4 |  | $ | 42.0 |  | $ | (21.8) |  | $ | 20.2
Schedule of assets and liabilities measured at fair value on a nonrecurring basis | T he following table summarizes certain fair value information at December 31, 2017 for assets or liabilities measured at fair value on a nonrecurring basis:
|  | Fair Value Measurements Using:
|  |  |  |  | Quoted Prices |  |  |  |
|  |  |  |  | in Active |  | Significant |  |
|  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  |  |  | Assets |  | Input |  | Inputs
Description |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  |  | (In thousands)
Held for sale asset |  | $ | 1,200 |  | $ | — |  | $ | — |  | $ | 1,200
Lease exit liability |  |  | 4,000 |  |  | — |  |  | — |  |  | 4,000
T he following table summarizes certain fair value information at June 30, 2017 for assets and liabilities measured at fair value on a nonrecurring basis:
|  | Fair Value Measurements Using:
|  |  |  |  | Quoted Prices |  |  |  |
|  |  |  |  | in Active |  | Significant |  |
|  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  |  |  | Assets |  | Input |  | Inputs
Description |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  |  | (In thousands)
Held for sale asset |  | $ | 1,200 |  | $ | — |  | $ | — |  | $ | 1,200
Lease exit liability |  |  | 4,841 |  |  | — |  |  | — |  |  | 4,841
Schedule of assets and liabilities measured at fair value on a recurring basis | T he following table summarizes certain fair value information at December 31, 2017 for assets or liabilities measured at fair value on a recurring basis:
|  | Fair Value Measurements Using:
|  |  |  |  | Quoted Prices |  |  |  |
|  |  |  |  | in Active |  | Significant |  |
|  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  |  |  | Assets |  | Input |  | Inputs
Description |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  |  | (In thousands)
Contingent consideration associated with acquisitions |  | $ | 1,340 |  | $ | — |  | $ | — |  | $ | 1,340
T he following table summarizes certain fair value information at June 30, 2017 for assets and liabilities measured at fair value on a recurring basis:
|  | Fair Value Measurements Using:
|  |  |  |  | Quoted Prices |  |  |  |
|  |  |  |  | in Active |  | Significant |  |
|  |  |  |  | Markets for |  | Other |  | Significant
|  |  |  |  | Identical |  | Observable |  | Unobservable
|  |  |  |  | Assets |  | Input |  | Inputs
Description |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  |  | (In thousands)
Contingent consideration associated with acquisitions |  | $ | 2,806 |  | $ | — |  | $ | — |  | $ | 2,806
Schedule of activity related to fair value measurements categorized as Level 3 of the valuation hierarchy, valued on a recurring basis | The following tables summarize the activity during the three and six months ended December 31, 2017 and 2016 for assets and liabilities measured at fair value on a recurring basis:
|  | Three Months Ended December 31, 2017
|  |  |  |  | Purchases, |  |  |  |  |
|  | Fair Value |  | Issuances, |  | Unrealized |  | Fair Value
Description |  | September 30, 2017 |  | and Settlements |  | Gains/(Losses) |  | December 31, 2017
|  |  | (In thousands)
Contingent consideration associated with acquisitions |  | $ | 838 |  | $ | 500 |  | $ | 2 |  | $ | 1,340
Total |  | $ | 838 |  | $ | 500 |  | $ | 2 |  | $ | 1,340
|  | Three Months Ended December 31, 2016
|  |  |  |  | Purchases, |  |  |  |  |  |
|  | Fair Value |  | Issuances, |  | Unrealized |  | Fair Value
Description |  | September 30, 2016 |  | and Settlements |  | Gains (Losses) |  | December 31, 2016
|  | (In thousands)
Redeemable Noncontrolling Interest in Middlebury Interactive Learning |  | $ | 9,201 |  | $ | (9,134) |  | $ | (67) |  | $ | —
Contingent consideration associated with acquisitions |  |  | 2,955 |  |  | — |  |  | 8 |  |  | 2,963
Total |  | $ | 12,156 |  | $ | (9,134) |  | $ | (59) |  | $ | 2,963
|  |  | Six Months Ended December 31, 2017
|  |  |  |  | Purchases, |  |  |  |  |  |
|  | Fair Value |  | Issuances, |  | Unrealized |  | Fair Value
Description |  | June 30, 2017 |  | and Settlements |  | Gains (Losses) |  | December 31, 2017
|  | (In thousands)
Contingent consideration associated with acquisitions |  | $ | 2,806 |  | $ | (1,319) |  | $ | (147) |  | $ | 1,340
Total |  | $ | 2,806 |  | $ | (1,319) |  | $ | (147) |  | $ | 1,340
|  |  | Six Months Ended December 31, 2016
|  |  |  |  | Purchases, |  |  |  |  |  |
|  | Fair Value |  | Issuances, |  | Unrealized |  | Fair Value
Description |  | June 30, 2016 |  | and Settlements |  | Gains (Losses) |  | December 31, 2016
|  | (In thousands)
Redeemable Noncontrolling Interest in Middlebury Interactive Learning |  | $ | 6,801 |  | $ | (9,134) |  | $ | 2,333 |  | $ | —
Contingent consideration associated with acquisitions |  |  | 2,947 |  |  | — |  |  | 16 |  |  | 2,963
Total |  | $ | 9,748 |  | $ | (9,134) |  | $ | 2,349 |  | $ | 2,963
Schedule of calculation of basic and diluted net income (loss) per share |
|  | Three Months Ended |  | Six Months Ended |
|  | December 31, |  | December 31, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
|  |  | (In thousands except share and per share data) |
Basic net income (loss) per share computation: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders |  | $ | 13,259 |  | $ | 11,652 |  | $ | 5,203 |  | $ | (2,181) |
Weighted average common shares — basic |  |  | 39,347,244 |  |  | 38,104,909 |  |  | 39,227,708 |  |  | 38,021,807 |
Basic net income (loss) per share |  | $ | 0.34 |  | $ | 0.31 |  | $ | 0.13 |  | $ | (0.06) |
Diluted net income (loss) per share computation: |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders |  | $ | 13,259 |  | $ | 11,652 |  | $ | 5,203 |  | $ | (2,181) |
Share computation: |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares — basic |  |  | 39,347,244 |  |  | 38,104,909 |  |  | 39,227,708 |  |  | 38,021,807 |
Effect of dilutive stock options and restricted stock awards |  |  | 1,338,423 |  |  | 902,367 |  |  | 1,545,309 |  |  | — |
Weighted average common shares — diluted |  |  | 40,685,667 |  |  | 39,007,276 |  |  | 40,773,017 |  |  | 38,021,807 |
Diluted net income (loss) per share |  | $ | 0.33 |  | $ | 0.30 |  | $ | 0.13 |  | $ | (0.06) |

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