Tellurian Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2016

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis



	June 30, 2016
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Securities available-for-sale	$	601	$	—	$	—	$	601

Liabilities:
Contingent consideration payable	$	—	$	—	$	—	$	—

	June 30, 2015
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Securities available-for-sale	$	4,230	$	—	$	—	$	4,230

Liabilities:
Contingent consideration payable	$	—	$	—	$	—	$	—

Fair Value Inputs, Assets, Quantitative Information

The following table presents information about significant unobservable inputs to the contingent consideration payable measured at fair value on a recurring basis for the fiscal years ended:



			June 30,
Description	Valuation technique	Significant unobservable inputs	2016	2015
Contingent consideration payable	Discounted cash flow model	Discount rate	N/A	N/A
		First production payout	N/A	N/A
		Second production payout	N/A	N/A

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a roll forward of the contingent consideration payable for the fiscal years ended:



	June 30,
	2016		2015
	(In thousands)
Fiscal year beginning balance	$	—	$	1,852
Accretion expense	—		36
Revision to estimate	—		(1,888		)
Fiscal year closing balance	$	—	$	—