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Fair Value Measurements (Tables) | 9 Months Ended
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Mar. 31, 2020
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Financial Assets and Liabilities | The following table sets forth the fair value of the financial assets and liabilities that the Company re-measures on a regular basis:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds (a) |  | $ | 17.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 17.3 |
Corporate bonds and notes |  |  | — |  |  |  | 61.0 |  |  |  | — |  |  |  | 61.0 |
Municipal bonds |  |  | — |  |  |  | 20.0 |  |  |  | — |  |  |  | 20.0 |
Federal agency issues |  |  | — |  |  |  | 5.6 |  |  |  | — |  |  |  | 5.6 |
US government securities |  |  | — |  |  |  | 16.7 |  |  |  | — |  |  |  | 16.7 |
Contingent consideration |  |  | — |  |  |  | — |  |  |  | (6.7 | ) |  |  | (6.7 | )
Total |  | $ | 17.3 |  |  | $ | 103.3 |  |  | $ | (6.7 | ) |  | $ | 113.9 |
(a) | Money market funds are primarily comprised of exchange traded funds and accrued interest.
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds (a) |  | $ | 17.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 17.2 |
Corporate bonds and notes |  |  | 2.5 |  |  |  | 64.4 |  |  |  | — |  |  |  | 66.9 |
Municipal bonds |  |  | — |  |  |  | 15.4 |  |  |  | — |  |  |  | 15.4 |
Federal agency issues |  |  | — |  |  |  | 9.0 |  |  |  | — |  |  |  | 9.0 |
US government securities |  |  | — |  |  |  | 9.8 |  |  |  | — |  |  |  | 9.8 |
Contingent consideration |  |  | — |  |  |  | — |  |  |  | (13.8 | ) |  |  | (13.8 | )
Total |  | $ | 19.7 |  |  | $ | 98.6 |  |  | $ | (13.8 | ) |  | $ | 104.5 |
(a) | Money market funds are primarily comprised of exchange traded funds and accrued interest.
Change in Fair Value of Contingent Consideration | The following table reconciles the change in the fair value of the contingent consideration during the periods presented:
|  | Carrying amount |
Balance June 30, 2019 |  | $ | 13.8 |
Payment of contingent consideration |  |  | (3.9 | )
Change in fair value recognized in the income statement |  |  | (2.8 | )
Translation adjustments recognized in other comprehensive income |  |  | (0.4 | )
Ending balance March 31, 2020 |  | $ | 6.7 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 + Details
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