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ACQUISITIONS (Tables) | 12 Months Ended
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Jun. 30, 2020
XMedius |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their preliminary fair values as of March 9, 2020, are set forth below:
Current assets | $ | 8,542 |
Non-current tangible assets | 3,792 |
Intangible customer assets | 35,910 |
Intangible technology assets | 11,143 |
Liabilities assumed | (35,685 | )
Total identifiable net assets | 23,702 |
Goodwill | 49,633 |
Net assets acquired | $ | 73,335 |
Carbonite |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their preliminary fair values as of December 24, 2019, are set forth below:
Current assets (inclusive of cash acquired of $62.9 million) | $ | 129,779 |
Non-current tangible assets (inclusive of restricted cash acquired of $2.4 million) | 105,762 |
Intangible customer assets | 549,500 |
Intangible technology assets | 290,000 |
Liabilities assumed | (557,779 | )
Total identifiable net assets | 517,262 |
Goodwill | 853,162 |
Net assets acquired | $ | 1,370,424 |
Schedule of Unaudited Pro Forma Information | The amount of Carbonite's revenues and net loss included in our Consolidated Statements of Income since the date of acquisition for the year ended June 30, 2020 is set forth below:
Revenues | $ | 235,374 |
Net Loss * | (49,322 | )
* Net loss for the year ended includes one-time fees of $16.6 million on account of special charges and $99.0 million of amortization charges relating to intangible assets, all net of tax. The unaudited pro forma revenues and net income of the combined entity for the year ended June 30, 2020 and 2019, respectively, had the acquisition been consummated on July 1, 2018, are set forth below:
| Year Ended June 30,
Supplemental Unaudited Pro Forma Information(1) | 2020 |  | 2019
Total Revenues | $ | 3,351,338 |  |  | $ | 3,226,128 |
Net Income (2) (3) | 171,297 |  |  | 75,498 |
(1) Carbonite acquired Webroot Inc. in March 2019. The supplemental pro forma revenues and net income shown above do not include the results of operations of Webroot Inc. for periods prior to the Webroot acquisition date. (2) Included in pro forma net income for the year ended June 30, 2019 are $127 million of one-time expenses incurred by Carbonite on account of the acquisition and the related tax effect of $33 million. These one-time expenses included i) $74 million related to the accelerated vesting of historical Carbonite equity awards, ii) $29 million of one time fees, primarily related to transaction costs triggered by the closing of the acquisition, iii) $21 million related to the extinguishment of certain of Carbonite's historical debt and interest rate swaps and iv) $3 million in employee severance costs. (3) Included in pro forma net income for the year ended June 30, 2020 and 2019 are estimated amortization charges relating to the allocated value of intangible assets.
Catalyst Repository Systems Inc |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of January 31, 2019, are set forth below:
Current assets | $ | 9,699 |
Non-current tangible assets | 5,754 |
Intangible customer assets | 30,607 |
Intangible technology assets | 11,658 |
Liabilities assumed | (17,891 | )
Total identifiable net assets | 39,827 |
Goodwill | 31,607 |
Net assets acquired | $ | 71,434 |
Liaison Technologies Inc. |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of December 17, 2018, are set forth below:
Current assets | $ | 23,006 |
Non-current tangible assets | 5,168 |
Intangible customer assets | 68,300 |
Intangible technology assets | 107,000 |
Liabilities assumed | (57,265 | )
Total identifiable net assets | 146,209 |
Goodwill | 164,434 |
Net assets acquired | $ | 310,643 |
Hightail |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of February 14, 2018, are set forth below:
Current assets | $ | 1,290 |
Non-current tangible assets | 1,270 |
Intangible customer assets | 12,900 |
Intangible technology assets | 4,200 |
Liabilities assumed | (6,418 | )
Total identifiable net assets | 13,242 |
Goodwill | 7,293 |
Net assets acquired | $ | 20,535 |
Guidance Software Inc. |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of September 14, 2017, are set forth below:
Current assets (inclusive of cash acquired of $5.7 million) | $ | 24,744 |
Non-current tangible assets | 11,583 |
Intangible customer assets | 71,230 |
Intangible technology assets | 51,851 |
Liabilities assumed | (48,670 | )
Total identifiable net assets | 110,738 |
Goodwill | 129,800 |
Net assets acquired | $ | 240,538 |
Summary of Consideration Paid | The following tables summarize the consideration paid for Guidance and the amount of the assets acquired and liabilities assumed, as well as the goodwill recorded as of the acquisition date:
Cash consideration* | $ | 237,291 |
Guidance shares already owned by OpenText through open market purchases (at fair value) | 3,247 |
Purchase consideration | $ | 240,538 |
* Inclusive of $2.3 million previously accrued, but since paid as of September 30, 2018. See "Appraisal Proceedings" below for more information.
Covisint Corporation |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of July 26, 2017, are set forth below:
Current assets (inclusive of cash acquired of $31.5 million) | $ | 41,586 |
Non-current tangible assets | 3,426 |
Intangible customer assets | 36,600 |
Intangible technology assets | 17,300 |
Liabilities assumed | (23,033 | )
Total identifiable net assets | 75,879 |
Goodwill | 26,905 |
Net assets acquired | $ | 102,784 |

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