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v3.22.2.2

Fair Value Measurements (Tables) | 12 Months Ended
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Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | Fair Value Measurements at June 30, 2022
​ |  | Fair Value at June 30, |  | ​ |  | ​ |  | ​
​ | ​ | 2022 |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ | ​ | (In thousands)
Assets: |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 19,360 | ​ | $ | 19,360 | ​ | $ | — | ​ | $ | —
Total | ​ | $ | 19,360 |  | $ | 19,360 |  | $ | — | ​ | $ | —
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration |  | $ | 396 |  | $ | — |  | $ | — |  | $ | 396
CVR liability |  | ​ | 578 |  | ​ | — |  | ​ | — |  | ​ | 578
Warrant | ​ | ​ | — |  | ​ | — |  | ​ | — |  | ​ | —
Total | ​ | $ | 974 |  | $ | — |  | $ | — | ​ | $ | 974
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | Fair Value Measurements at June 30, 2021
​ |  | Fair Value at June 30, |  | ​ |  | ​ |  | ​
​ | ​ | 2021 |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ |  | (In thousands)
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 49,649 | ​ | $ | 49,649 | ​ | $ | — | ​ | $ | —
Total | ​ | $ | 49,649 |  | $ | 49,649 |  | $ | — | ​ | $ | —
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration | ​ | $ | 12,057 |  | $ | — |  | $ | — |  | $ | 12,057
CVR liability | ​ | ​ | 1,395 |  | ​ | — |  | ​ | — |  | ​ | 1,395
Total | ​ | $ | 13,452 |  | $ | — |  | $ | — | ​ | $ | 13,452
​
Schedule of fair value on a nonrecurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | Fair Value Measurements at June 30, 2022
​ |  | Fair Value at June 30, |  | ​ |  | ​ |  | ​
​ | ​ | 2022 |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ | ​ | (In thousands)
Non-recurring |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fixed payment arrangements | ​ | $ | 13,051 | ​ | $ | — | ​ | $ | — | ​ | $ | 13,051
Total | ​ | $ | 13,051 |  | $ | — |  | $ | — | ​ | $ | 13,051
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ | ​ | Fair Value Measurements at June 30, 2021
​ |  | Fair Value at June 30, |  | ​ |  | ​ |  | ​
​ | ​ | 2021 |  | (Level 1) |  | (Level 2) |  | (Level 3)
​ | ​ | (In thousands)
Non-recurring |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fixed payment arrangements | ​ | $ | 9,458 | ​ | $ | — | ​ | $ | — | ​ | $ | 9,458
Total | ​ | $ | 9,458 |  | $ | — |  | $ | — | ​ | $ | 9,458
​
Schedule of changes in Level 3 inputs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | CVR |  | Contingent |  | Fixed Payment | ​ | ​ | Warrant
​ | ​ | Liability | ​ | Consideration | ​ | Arrangements | ​ | ​ | Liability
​ | ​ | (In thousands)
Balance as of June 30, 2021 |  | $ | 1,395 | ​ | $ | 12,057 |  | $ | 9,458 | ​ | $ | —
Included in earnings |  | ​ | (817) | ​ | ​ | 604 |  | ​ | 1,148 | ​ | ​ | (211)
Purchases, issues, sales and settlements: |  |  | ​ | ​ | ​ | ​ |  |  | ​ | ​ |  | ​
Issues |  |  | — | ​ |  | — |  |  | 7,645 | ​ |  | 590
Settlements* |  |  | — | ​ |  | (12,265) |  |  | (5,200) | ​ |  | (379)
Balance as of June 30, 2022 |  | $ | 578 | ​ | $ | 396 |  | $ | 13,051 | ​ | $ | —
* Including $9.1 million reversal of contingent consideration liabilities see Note 10 Other Liabilities and $0.4 million liability warrants reclassified to equity.
Contingent Value Rights |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of significant assumptions used in valuation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ |  | 2022 | ​ | 2021
Leveraged Beta |  | 0.85 | ​ |  | 0.91 | ​
Market risk premium | ​ | 6.22 | % | ​ | 6.00 | %
Risk-free interest rate | ​ | 2.86 | % | ​ | 0.36 | %
Discount | ​ | 20.50 | % | ​ | 13.00 | %
Company specific discount |  | 10.00 | % |  | 5.00 | %
​
Derivative Financial Instruments, Liabilities |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of significant assumptions used in valuation | ​
​ | ​ | ​ | ​
​ | ​ | January 26,
​ |  | 2022
Expected volatility |  | 56.75 | %
Equivalent term (years) | ​ | 5.00 | ​
Risk-free rate | ​ | 1.66 | %
Dividend yield | ​ | 0.00 | %
​
Fixed Payment Arrangements |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of significant assumptions used in valuation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
​ |  | 2022 |  | 2021
Discount rate - minimum |  | 10.0 | % |  | 10.0 | %
Discount rate - maximum | ​ | 15.4 | % | ​ | 12.4 | %
​

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + 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 (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + 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 https://asc.fasb.org/extlink&oid=126976982&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 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 3: 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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