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Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Schedule of Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Consolidated Balance Sheets that agrees to the amounts included in the Consolidated Statement of Cash Flows.

			December 31,																		June 30,
(in millions)			2022						2021						2020						2020
Cash and cash equivalents			$	56.9					$	257.4					$	117.0					$	163.7
Restricted cash			9.5						1.4						—						—
Total cash, cash equivalents, and restricted cash			$	66.4					$	258.8					$	117.0					$	163.7

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported on the Consolidated Balance Sheets that agrees to the amounts included in the Consolidated Statement of Cash Flows.

			December 31,																		June 30,
(in millions)			2022						2021						2020						2020
Cash and cash equivalents			$	56.9					$	257.4					$	117.0					$	163.7
Restricted cash			9.5						1.4						—						—
Total cash, cash equivalents, and restricted cash			$	66.4					$	258.8					$	117.0					$	163.7

Schedule of Revenue by Type

The following table presents detail regarding the composition of the Company’s total revenue by product type for the years ended December 31, 2022 and 2021, the transition period ended December 31, 2020, and the fiscal year ended June 30, 2020:

			Years Ended December 31,												Six-month Transition Period Ended December 31,						Year Ended June 30,
(In millions)			2022						2021						2020						2020
Testing revenues:
Hereditary Cancer			$	305.5					$	316.3					$	159.3					$	347.4
Tumor Profiling			128.6						120.9						33.9						48.3
Prenatal			116.4						106.8						37.6						76.7
Pharmacogenomics			127.6						93.7						29.8						74.1
Autoimmune			0.3						28.2						18.0						39.1
Other			—						0.5						1.0						1.3
Total testing revenue			678.4						666.4						279.6						586.9
Other revenue			—						24.2						20.2						51.7
Total revenue			$	678.4					$	690.6					$	299.8					$	638.6

Schedule of Revenue by Geographical Region

In addition, the following tables reconcile revenue by geographical region, either U.S. or rest of world ("RoW"), to total revenue:

			Years Ended December 31,
			2022																					2021
(in millions)			U.S.						RoW						Total									U.S.						RoW						Total
Testing revenues:
Hereditary Cancer			$	263.5					$	42.0					$	305.5								$	271.0					$	45.3					$	316.3
Tumor Profiling			84.5						44.1						128.6									80.4						40.5						120.9
Prenatal			115.6						0.8						116.4									106.2						0.6						106.8
Pharmacogenomics			127.6						—						127.6									93.7						—						93.7
Autoimmune			0.3						—						0.3									28.2						—						28.2
Other			—						—						—									—						0.5						0.5
Total testing revenue			591.5						86.9						678.4									579.5						86.9						666.4
Other revenue			—						—						—									24.2						—						24.2
Total revenue			$	591.5					$	86.9					$	678.4								$	603.7					$	86.9					$	690.6

			Six-month Transition Period Ended December 31,																					Year Ended June 30,
			2020																					2020
(in millions)			U.S.						RoW						Total									U.S.						RoW						Total
Testing revenues:
Hereditary Cancer			$	140.9					$	18.4					$	159.3								$	329.8					$	17.6					$	347.4
Tumor Profiling			28.2						5.7						33.9									39.2						9.1						48.3
Prenatal			37.4						0.2						37.6									76.4						0.3						76.7
Pharmacogenomics			29.8						—						29.8									74.1						—						74.1
Autoimmune			18.0						—						18.0									39.1						—						39.1
Other			1.0						—						1.0									1.2						0.1						1.3
Total testing revenue			255.3						24.3						279.6									559.8						27.1						586.9
Other revenue			20.1						0.1						20.2									36.4						15.3						51.7
Total revenue			$	275.4					$	24.4					$	299.8								$	596.2					$	42.4					$	638.6

Reconciliation of Deferred Revenue Balances

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

			Years Ended December 31,												Six-month Transition Period Ended December 31,						Year Ended June 30,
(in millions)			2022						2021						2020						2020
Deferred revenue - beginning balance			$	5.2					$	32.7					$	32.8					$	2.2
Revenue recognized			(4.9)						(40.5)						(6.1)						(7.2)
Prepayments			0.3						14.0						6.0						37.8
Divestitures			—						(1.0)						—						—
Deferred revenue - ending balance			$	0.6					$	5.2					$	32.7					$	32.8

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:

			Years Ended December 31,												Six-month Transition Period Ended December 31,						Year Ended June 30,
(in millions)			2022						2021						2020						2020
Denominator:
Weighted-average shares outstanding used to compute basic EPS			80.6						78.0						75.0						74.3
Effect of dilutive stock options and RSUs			—						—						—						—
Weighted-average shares outstanding and dilutive securities used to compute diluted EPS			80.6						78.0						75.0						74.3

Schedule of Potential Dilutive Common Shares

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

			Years Ended December 31,												Six-month Transition Period Ended December 31,						Year Ended June 30,
(in millions)			2022						2021						2020						2020
Anti-dilutive options and RSUs excluded from EPS computation			4.4						4.5						6.6						5.5

Schedule of Cumulative Translation Adjustments Included in Accumulated Other Comprehensive Loss

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

Ending balance December 31, 2021			$	(4.9)
Period translation adjustments			(1.3)
Ending balance December 31, 2022			$	(6.2)

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