Note 2 - Selected Balance Sheet Data |
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Supplemental Balance Sheet Disclosures [Text Block] |
N ote 2. Selected Balance Sheet Data: Available -For-Sale Investments:
The fair value of the Company's available-for- sale investments at
December 31
,
2017 and June 30, 2017 were $40
.9 million and $66
.1 million, respectively. The fair value of the Company’s investment in ChemoCentryx, Inc (CCXI) decreased $21.7 million from $59.6 at June 30, 2017 to $37.9 million at December 31, 2017. The remaining decrease was caused by the maturities of $2
.1 million in corporate bond securities held by Advanced Cell Diagnostics (ACD) and $1
.4 million in certificate of deposits held in China. The cost basis of the Company's investment in CCXI at December 31, 2017 and June 30, 2017 was $29.5 million.Inventories: Inventories consist of (in thousands):
Property and Equipment: Property and equipment consist of (in thousands):
Intangible Assets: Intangible assets consist of (in thousands):
Changes to the carrying amount of net intangible assets for the six months ended December 31, 2017 consist of (in thousands):
The estimated future amortization expense for intangible assets as of December 31, 2017 is as follows (in thousands):
Goodwill: Changes to the carrying amount of goodwill for the six months ended December 31, 2017 consist of (in thousands):
We evaluate the carrying value of goodwill in the fourth quarter of each year and between annual evaluations if events occur or circumstances change that would indicate a possible impairment. The Company performed a quantitative assessment for all
three of its reporting units during the fourth quarter of fiscal year 2017. The quantitative assessment indicated that all of the reporting units had substantial headroom as of June 30, 2017.
No triggering events were identified during the quarter ended
December 31, 2017. There has been no impairment of goodwill since the adoption of Financial Accounting Standards Board (“FASB”) ASC 350 guidance for goodwill and other intangibles on July 1, 2002.
Other Assets: Ot her Assets consist of (in thousands):
As of
December 31, 2017, the Company had $43.4 million of other assets compared to $44
.0 million as of June 30, 2017. Investments include a $40
.0 million investment in Astute Medical, Inc. made during the
second quarter of fiscal year 2017. This investment is accounted for under the cost-method as we own less than 20% of the outstanding stock and we concluded that we do not have significant influence. Under the cost-method, the fair value is not estimated if there are no identified events or changes in circumstances that may have a significant adverse effect on the fair value of the investment. No such events or changes in circumstances were identified in the period ended December 31, 2017
.
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