v2.4.0.6
Fair Value Measurements
 6 Months Ended
Dec. 31, 2011
Fair Value Measurements [Abstract]  
Fair Value Measurements

7. Fair Value Measurements

The fair value of our financial assets and liabilities was determined using the following inputs at December 31, 2011:

 

     Total      Quoted Prices  in
Active
Markets for
Identical Assets
(Level 1)		      Significant Other
Observable Inputs
(Level 2)		      Significant
Unobservable
Inputs
(Level 3)		  

Assets

            

Cash and cash equivalents

    $ 67,470       $ 67,470       $ —         $ —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Total assets recorded at fair value

    $ 67,470       $ 67,470       $ —         $ —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Liabilities

            

Albumprinter contingent earn-out

    $ 583       $ —         $ —         $ 583   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total liabilities recorded at fair value

    $ 583       $ —         $ —         $ 583   
  

 

 

     

 

 

     

 

 

     

 

 

  

The following table presents a roll forward of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) at December 31, 2011:

 

     Cash and cash
equivalents		     Albumprinter
contingent  earn-out		  

Balance at June 30, 2011

    $ 529      $ —     

Additions

      —          583   

Payments or redemptions

      (529 )      —     
  

 

 

    

 

 

  

Balance at December 31, 2011

    $ —        $ 583   
  

 

 

    

 

 

  

At June 30, 2011, we held one municipal auction rate security, which was redeemed under a tender offer initiated by the issuer. The Albumprinter earn-out payment is payable based on achieving certain operational results during calendar year 2012 as specified in the share purchase agreement.