v3.24.3
Fair Value Measurements
3 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Fair Value Measurements of Other Financial Instruments
The following tables present the estimated fair values of the Company’s financial instruments that are not recorded at fair value on the Condensed Consolidated Balance Sheets:
As of September 30, 2024
Level 1Level 2Level 3Total
(in millions)
0.00% Convertible Senior Notes due 2026
$— $180.5 $— $180.5 
5.50% Convertible Senior Notes due 2029
$— $463.4 $— $463.4 
As of June 30, 2024
Level 1Level 2Level 3Total
(in millions)
0.00% Convertible Senior Notes due 2026
$— $175.0 $— $175.0 
5.50% Convertible Senior Notes due 2029
$— $353.0 $— $353.0 
The fair value of the 2026 Notes and the fair value of the 2029 Notes (each as defined in Note 7 - Debt) are determined based on the closing price on the last trading day of the reporting period.
The carrying value of the Term Loan (as defined in Note 7 - Debt) approximates the fair value of the Term Loan as of September 30, 2024 and June 30, 2024, respectively.