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Acquisitions (Tables) | 6 Months Ended
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Dec. 31, 2019
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) | $ | 131,119 |
Non-current tangible assets (inclusive of restricted cash acquired of $2.4 million) | 93,111 |
Intangible customer assets | 549,000 |
Intangible technology assets | 291,000 |
Liabilities assumed | (578,747 | )
Total identifiable net assets | 485,483 |
Goodwill | 885,547 |
Net assets acquired | $ | 1,371,030 |
Schedule of Unaudited Pro Forma Information | The amount of Carbonite's revenues and net income included in our Condensed Consolidated Statements of Income for the three months ended December 31, 2019 is set forth below:
| December 24, 2019 - December 31, 2019
Revenues | $ | 9,511 |
Net Loss * | (3,654 | )
* Net loss includes one-time fees of approximately $2.6 million on account of special charges and $4.2 million of amortization charges relating to intangible assets, all net of tax. The unaudited pro forma revenues and net income (loss) of the combined entity for the three and six months ended December 31, 2019 and 2018, respectively, had the acquisition been consummated on July 1, 2018, are set forth below:
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2019 |  | 2018 |  | 2019 |  | 2018
Supplemental Unaudited Pro Forma Information(1) |  |  |  |  |  |  |
Total Revenues | 887,563 |  |  | 812,197 |  |  | 1,710,047 |  |  | 1,557,036 |
Net Income (loss) (2) (3) | 78,571 |  |  | 76,024 |  |  | 117,789 |  |  | (9,748 | )
(1)Carbonite had recently purchased Webroot Inc. in March 2019. The supplemental pro forma revenues and net income (loss) 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 (loss) for the six months ended December 31, 2018 are approximately $127 million of one-time expenses incurred by Carbonite on account of the acquisition and the related tax effect of approximately $33 million. These one-time expenses included i) approximately $74 million related to the accelerated vesting of historical Carbonite equity awards, ii) approximately $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) approximately $3 million in employee severance costs. (3) Included in pro forma net income for the three and six months ended December 31, 2019 and 2018 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 preliminary 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 | 30,973 |
Net assets acquired | $ | 70,800 |
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 |

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