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Equity Method Investment in Equity Investee (Tables)
9 Months Ended
Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of deconsolidation The gain on deconsolidation of the JV Company was calculated as follows:
(in thousands)
Cash received for sales of shares in the JV Company
$16,924 
Fair value of retained equity method investment
393,124 
Carrying amount of non-controlling interest
143,889 
Cumulative translation adjustment removal
1,793 
Carrying amount of net assets of the JV Company at December 1, 2021
(156,637)
Gain on deconsolidation of the JV Company
$399,093 
The net loss associated with these sales of JV Company equity interest held by the Company were recorded in the nine months ended March 31, 2022 as follows:
(in thousands)
Gain on 1.1% equity interest sold
$475 
Loss on diluted equity interest from issuance of shares under the employee equity incentive plan
(8,116)
Gain on 7.82% equity interest sold4,501 
Loss on changes on equity interest of the JV Company, net
$(3,140)