XML 42 R29.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Business Acquisitions (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2017
Changes in Carrying Amount of Goodwill | The following summarizes changes to the goodwill balance for the years ended June 30, 2017 and 2016:
|  | Years Ended June 30, |
|  |  | 2017 |  |  |  | 2016 |
Beginning balance |  | $ | 195.3 |  |  | $ | 177.2 |
Acquisitions (see note 2) |  |  | 116.3 |  |  |  | 17.7 |
Adjustments to acquisitions (see note 2) |  |  | 3.6 |  |  |  | 0.6 |
Translation adjustments |  |  | 0.9 |  |  |  | (0.2 | )
Ending balance |  | $ | 316.1 |  |  | $ | 195.3 |
Pro Forma Results of Acquisitions | Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operation of the combined company would have been if the acquisition had occurred at the beginning of the period presented nor are they indicative of future results of operations and are not necessarily indicative of results that might have been achieved had the acquisition been consummated as of July 1, 2015.
|  | Years Ended |
|  | June 30, |
|  | 2017 |  |  | 2016 |
Revenue |  | $ | 782.8 |  |  | $ | 819.7 |
Income from operations |  |  | 41.9 |  |  |  | 102.2 |
Net income |  |  | 2.5 |  |  |  | 71.8 |
Net income per share, basic |  | $ | 0.04 |  |  | $ | 1.03 |
Net income per share, diluted |  | $ | 0.04 |  |  | $ | 0.98 |
Assurex [Member] |
Allocation of Consideration Transferred | The preliminary purchase price allocation as of June 30, 2017 is as follows:
|  | Estimated Fair Value |
Current assets |  | $ | 18.2 |
Intangible assets |  |  | 295.6 |
Equipment |  |  | 1.8 |
Goodwill |  |  | 119.1 |
Current liabilities |  |  | (18.6 | )
Deferred tax liability |  |  | (64.5 | )
Total fair value purchase price |  | $ | 351.6 |
Less: Contingent consideration |  |  | (130.0 | )
Less: Cash acquired |  |  | (5.5 | )
Total cash consideration transferred |  | $ | 216.1 |
Changes in Carrying Amount of Goodwill | As discussed above, the change in goodwill from the date of acquisition is shown below:
|  | Carrying |
|  | amount |
Balance August 31, 2016 |  | $ | 116.3 |
Fair value adjustment to equipment and intangibles |  |  | 1.7 |
Working capital adjustment |  |  | 3.1 |
Change in deferred tax liability |  |  | (2.0 | )
Ending balance June 30, 2017 |  | $ | 119.1 |
Sividon Diagnostics GmbH [Member] |
Allocation of Consideration Transferred | Management estimated the fair value of tangible and intangible assets and liabilities in accordance with the applicable accounting guidance for business combinations and utilized the services of third-party valuation consultants. During the measurement period, the Company recorded adjustments to the provisional amounts recognized in the Company’s initial accounting for the acquisition. During the year ended June 30, 2017 there was a decrease in contingent consideration of $0.4 and intangibles of $0.4 which increased goodwill by $0.8 based upon updated fair value calculations as of the purchase date. The allocation of consideration transferred is now final.
|  | Estimated Fair |
|  | Value |
Current assets |  | $ | 2.7 |
Intangible assets |  |  | 45.8 |
Equipment |  |  | 0.3 |
Goodwill |  |  | 18.5 |
Current liabilities |  |  | (15.4 | )
Total fair value purchase price |  | $ | 51.9 |
Less: Contingent consideration |  |  | (10.9 | )
Less: Cash acquired |  |  | (2.0 | )
Total cash consideration transferred |  | $ | 39.0 |

X
- Definition Business Acquisition Schedule Of Consideration Transferred [Table Text Block] + References No definition available. + Details
Name: | mygn_BusinessAcquisitionScheduleOfConsiderationTransferredTableTextBlock
Namespace Prefix: | mygn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=mygn_AssurexHealthIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=mygn_SividonDiagnosticsGmbhMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |