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Fair Value Measurements
 9 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements
5. Fair Value Measurements
Fair Value Measurements of Other Financial Instruments
The following table presents the estimated fair values and carrying amounts of the Company’s financial instruments that are not recorded at fair value on the Condensed Consolidated Balance Sheets. All of these liabilities’ fair value are considered Level 2:
March 31, 2026June 30, 2025
Carrying Amount(1)
Estimated
Fair Value
Carrying Amount(1)
Estimated
Fair Value
(in millions)
0.00% Convertible Senior Notes due 2026
$— $— $199.0 $192.3 
5.50% Convertible Senior Notes due 2029
350.0 479.5 350.0 635.8 
Term Loan due and payable on May 30, 2029982.5 982.5 990.0 990.0 
Total $1,332.5 $1,462.0 $1,539.0 $1,818.1 
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(1) Carrying Amount excludes unamortized debt discount and issuance costs of $19.0 million and $14.1 million, respectively, as of March 31, 2026, and unamortized debt discount and issuance costs of $22.7 million and $17.4 million, respectively, as of June 30, 2025.
The estimated fair value of the 2026 Notes and the estimated fair value of the 2029 Notes (each as defined in Note 7, Debt) are determined based on the respective closing prices on the last trading day of the reporting period. The 2026 Notes matured on February 15, 2026, and during the three months ended March 31, 2026, the Company repaid in cash the remaining $199.0 million aggregate principal amount of the 2026 Notes.
The carrying value of the Term Loan (as defined in Note 7, Debt) approximates the fair value of the Term Loan as of March 31, 2026 and June 30, 2025, respectively.