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Organization and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Revenue by Type

The following table represents the Company’s revenue by type for the transition period ended December 31, 2020, and the fiscal years ended June 30, 2020, 2019, and 2018:

			Transition Period Ended December 31,						Years Ended June 30,
(In millions)			2020						2020						2019						2018
Molecular diagnostic revenues:
Hereditary Cancer Testing			$	159.3					$	347.4					$	479.7					$	471.4
GeneSight			29.8						74.1						112.6						124.9
Prenatal			37.6						76.7						104.9						—
Vectra			18.0						39.1						48.3						55.2
myChoice CDx			13.2						13.1						7.1						5.1
Prolaris			14.8						24.7						25.5						21.5
EndoPredict			5.9						10.5						10.4						8.8
Other			1.0						1.3						0.9						3.5
Total molecular diagnostic revenue			279.6						586.9						789.4						690.4
Pharmaceutical and clinical service revenue			20.2						51.7						61.7						53.3
Total revenue			$	299.8					$	638.6					$	851.1					$	743.7

Reconciliation of Deferred Revenue Balances

A reconciliation of the beginning and ending balances of deferred revenue is shown in the table below:

			Transition Period Ended December 31,						Years Ended June 30,
(in millions)			2020						2020						2019
Deferred revenue - beginning balance			$	32.8					$	2.2					$	2.6
Revenue recognized			(6.1)						(7.2)						(7.9)
Prepayments			6.0						37.8						7.5
Deferred revenue - ending balance			$	32.7					$	32.8					$	2.2

Reconciliation of Denominators of Basic and Diluted Earnings Per Share Computations

The following is a reconciliation of the denominators of the basic and diluted earnings per share computations:

			Transition Period Ended December 31,						Years Ended June 30,
(in millions)			2020						2020						2019						2018
Denominator:
Weighted-average shares outstanding used to compute basic EPS			75.0						74.3						73.5						69.4
Effect of dilutive stock options			—						—						2.5						2.6
Weighted-average shares outstanding and dilutive securities used to compute diluted EPS			75.0						74.3						76.0						72.0

Schedule of Potential Dilutive Common Shares

These potential dilutive common shares, which may be dilutive to future diluted earnings per share, are as follows:

			Transition Period Ended December 31,						Years Ending June 30,
(in millions)			2020						2020						2019						2018
Anti-dilutive options and RSUs excluded from EPS computation			6.6						5.5						0.8						—

Schedule of Cumulative Translation Adjustments Included in Accumulated Other Comprehensive Loss

The following table shows the cumulative translation adjustments included in Accumulated other comprehensive income (loss) (in millions):

Ending balance June 30, 2020			$	(6.5)
Period translation adjustments			2.4
Other			1.0
Ending balance December 31, 2020			$	(3.1)

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