v3.19.2

Acquisitions (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2019
Business Combinations [Abstract] |
Business Combination, Financial Information on Transaction | Financial information on each transaction is as follows:
|  | Summit |  | ActivePath |  | FundAssist |  | Total
|  | (in millions)
Cash payments, net of cash acquired |  | $ | 26.4 |  |  | $ | 21.8 |  |  | $ | 41.3 |  |  | $ | 89.5 |
Deferred payments, net |  | 1.4 |  |  | 2.4 |  |  | — |  |  | 3.8 |
Contingent consideration liability (acquisition date fair value) |  | 2.7 |  |  | — |  |  | 6.4 |  |  | 9.2 |
Aggregate purchase price |  | $ | 30.6 |  |  | $ | 24.2 |  |  | $ | 47.7 |  |  | $ | 102.5 |
Net tangible assets acquired / (liabilities assumed) |  | $ | 0.2 |  |  | $ | (10.0 | ) |  | $ | (1.9 | ) |  | $ | (11.7 | )
Goodwill |  | 18.5 |  |  | 28.7 |  |  | 29.2 |  |  | 76.3 |
Intangible assets |  | 12.0 |  |  | 5.6 |  |  | 20.4 |  |  | 38.0 |
Aggregate purchase price |  | $ | 30.6 |  |  | $ | 24.2 |  |  | $ | 47.7 |  |  | $ | 102.5 |
Financial information on each transaction is as follows:
|  | Rockall |  | RPM |  | TD Ameritrade |  | Total
|  | (in millions)
Cash payments, net of cash acquired |  | $ | 34.9 |  |  | $ | 258.3 |  |  | $ | 61.5 |  |  | $ | 354.7 |
Deferred payments, net |  | (0.1 | ) |  | 43.8 |  |  | — |  |  | 43.7 |
Contingent consideration liability |  | 7.1 |  |  | 0.8 |  |  | — |  |  | 7.9 |
Aggregate purchase price |  | $ | 41.9 |  |  | $ | 302.9 |  |  | $ | 61.5 |  |  | $ | 406.4 |
Net tangible assets acquired / (liabilities assumed) |  | $ | (1.2 | ) |  | $ | 9.7 |  |  | $ | — |  |  | $ | 8.4 |
Goodwill |  | 28.9 |  |  | 191.5 |  |  | 27.3 |  |  | 247.7 |
Intangible assets |  | 14.2 |  |  | 101.7 |  |  | 34.2 |  |  | 150.2 |
Aggregate purchase price |  | $ | 41.9 |  |  | $ | 302.9 |  |  | $ | 61.5 |  |  | $ | 406.4 |
Financial information on each transaction is as follows:
|  | NACC |  | M&O |  | MAL |  | Total
|  | (in millions)
Cash payments, net of cash acquired |  | $ | 406.2 |  |  | $ | 22.4 |  |  | $ | 20.1 |  |  | $ | 448.7 |
Note payable to sellers |  | — |  |  | 2.5 |  |  | 3.2 |  |  | 5.7 |
Contingent consideration liability (acquisition date fair value) |  | — |  |  | — |  |  | 1.4 |  |  | 1.4 |
Other closing adjustments |  | 3.8 |  |  | — |  |  | — |  |  | 3.8 |
Aggregate purchase price |  | $ | 410.0 |  |  | $ | 24.9 |  |  | $ | 24.8 |  |  | $ | 459.6 |
Net tangible assets acquired / (liabilities assumed) |  | $ | 52.2 |  |  | $ | (3.5 | ) |  | $ | (2.9 | ) |  | $ | 45.8 |
Goodwill |  | 135.7 |  |  | 17.2 |  |  | 22.6 |  |  | 175.5 |
Intangible assets |  | 218.3 |  |  | 11.2 |  |  | 14.7 |  |  | 244.1 |
Other closing adjustments |  | 3.8 |  |  | — |  |  | — |  |  | 3.8 |
Fair value of the Company’s pre-existing investment in MAL |  | — |  |  | — |  |  | (9.6 | ) |  | (9.6 | )
Aggregate purchase price, net of other closing adjustments |  | $ | 410.0 |  |  | $ | 24.9 |  |  | $ | 24.8 |  |  | $ | 459.6 |
Allocation of Purchase Price | The following summarizes the allocation of purchase price for the NACC acquisition (in millions):
| NACC
Accounts receivable, net | $ | 89.1 |
Other current assets | 19.5 |
Property, plant and equipment | 45.0 |
Intangible assets | 218.3 |
Goodwill | 135.7 |
Other non-current assets | 1.6 |
Accounts payable | (14.3 | )
Accrued expenses and other current liabilities | (62.9 | )
Deferred taxes | (21.9 | )
Deferred revenue | (1.1 | )
Other long term liabilities | (2.9 | )
Consideration paid, net of cash acquired | $ | 406.2 |
Pro Forma Information | This unaudited pro forma financial information should not be relied upon as being indicative of the historical results that would have been obtained if the acquisition had actually occurred on July 1, 2015, nor of the results of operations that may be obtained in the future.
| Years ended June 30,
| 2017 |  | 2016
(in millions, except per share amounts) |
Revenues | $ | 4,142.6 |  |  | $ | 4,059.3 |
Net earnings | $ | 335.6 |  |  | $ | 312.4 |
Basic earnings per share | $ | 2.84 |  |  | $ | 2.64 |
Diluted earnings per share | $ | 2.78 |  |  | $ | 2.57 |

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration