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Acquisitions (Tables) | 9 Months Ended
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Mar. 31, 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 | $ | 8,433 |
Non-current tangible assets | 3,792 |
Intangible customer assets | 35,910 |
Intangible technology assets | 11,143 |
Liabilities assumed | (35,842 | )
Total identifiable net assets | 23,436 |
Goodwill | 49,899 |
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) | 102,936 |
Intangible customer assets | 549,000 |
Intangible technology assets | 291,000 |
Liabilities assumed | (570,656 | )
Total identifiable net assets | 502,059 |
Goodwill | 868,365 |
Net assets acquired | $ | 1,370,424 |
Schedule of Unaudited Pro Forma Information | The amount of Carbonite's revenues and net loss included in our Condensed Consolidated Statements of Income for the three and nine months ended March 31, 2020 is set forth below:
| January 1, 2020 - March 31, 2020 | December 24, 2019 - March 31, 2020
Revenues | $ | 110,351 |  | $ | 119,862 |
Net Loss * | (27,877 | ) | (31,531 | )
* Net loss for the three and nine months ended includes one-time fees of approximately $2.8 million and $5.4 million, respectively, on account of special charges and $48.0 million and $52.2 million, respectively, 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 three and nine months ended March 31, 2020 and 2019, respectively, had the acquisition been consummated on July 1, 2018, are set forth below:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
Supplemental Unaudited Pro Forma Information(1) | 2019 |  | 2020 |  | 2019
Total Revenues | $ | 800,361 |  |  | $ | 2,524,726 |  |  | $ | 2,357,397 |
Net Income (2) (3) | 44,984 |  |  | 134,778 |  |  | 35,236 |
(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 nine months ended March 31, 2019 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 nine months ended March 31, 2020 and three and nine months ended March 31, 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 |

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