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Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following table sets forth the Company’s financial assets that were measured at fair value on a recurring basis as of the date indicated by level within the fair value hierarchy (in thousands):

		September 30, 2023
		Level 1				Level 2				Level 3				Total
Financial assets:
Cash equivalents:
Money market funds		$	75,639			$	—			$	—			$	75,639
Total		$	75,639			$	—			$	—			$	75,639

Summary of Financial Liabilities Measured at Fair Value on Recurring Basis

The following tables set forth the Company’s financial liabilities that were measured at fair value on a recurring basis as of the dates indicated by level within the fair value hierarchy (in thousands):

		September 30, 2023
		Level 1				Level 2				Level 3				Total
Liabilities:
Liability for contingent consideration, current portion		$	—			$	—			$	933			$	933
Liability for contingent consideration, non-current portion			—				—				4,317				4,317
Total		$	—			$	—			$	5,250			$	5,250
		June 30, 2023
		Level 1				Level 2				Level 3				Total
Liabilities:
Liability for contingent consideration, current portion		$	—			$	—			$	2,364			$	2,364
Liability for contingent consideration, non-current portion		—					—				4,317				4,317
Total		$	—			$	—			$	6,681			$	6,681

Schedule of Changes in Fair Value of Contingent Consideration Liabilities

Changes in the fair value of contingent consideration liabilities during the three months ended September 30, 2023 and 2022 were as follows (in thousands):

		Three Months Ended September 30,
		2023				2022
Balance, beginning of period		$	6,681			$	13,835
Payment of contingent consideration			—				(9,299	)
Change in fair value of contingent consideration			(1,431	)			—
Effect of foreign currency exchange rate changes			—				(410	)
Balance, end of period		$	5,250			$	4,126

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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

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-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

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-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
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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

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-SubTopic 10
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