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, 2015

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

The following table presents items required to be measured at fair value on a recurring basis by the level in which they are classified within the valuation hierarchy as follows:



	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	$	—	$	—	$	—	$	—

	June 30, 2014
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Securities available-for-sale	$	11,935	$	—	$	—	$	11,935

Liabilities:
Contingent consideration payable	$	—	$	—	$	1,852	$	1,852

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	2015	2014
Contingent consideration payable	Discounted cash flow model	Discount rate	N/A	8.0%
		First production payout	N/A	June 30, 2015
		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,
	2015			2014
	(In thousands)
Fiscal year beginning balance	$	1,852		$	3,940
Accretion expense	36			315
Revision to estimate	(1,888		)	(2,403		)
Fiscal year closing balance	$	—		$	1,852