XML 48 R34.htm IDEA: XBRL DOCUMENT v3.20.2

Acquisitions and Investments (Tables)

12 Months Ended

Jun. 30, 2020

Acquisitions

Schedule of intangible assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2020

​

June 30, 2019

($ in millions)

Gross Carrying Amount

Accumulated Amortization

Net Carrying Value

Gross Carrying Amount

Accumulated Amortization

Net Carrying Value

Trade names

$

77.9

$

(12.0)

$

65.9

​

$

17.6

​

$

(9.4)

​

$

8.2

Customer and distributor relationships

​

​

25.3

​

​

(17.2)

​

​

8.1

​

​

20.5

​

​

(14.7)

​

​

5.8

Developed technology

​

​

6.6

​

​

(3.5)

​

​

3.1

​

​

3.2

​

​

(2.8)

​

​

0.4

Other

​

​

1.4

​

​

(1.0)

​

​

0.4

​

​

1.4

​

​

(0.8)

​

​

0.6

Total

​

$

111.2

​

$

(33.7)

​

$

77.5

​

$

42.7

$

(27.7)

​

$

15.0

Galvanize Inc

Acquisitions

Schedule estimated fair value of consideration paid and identifiable assets acquired and liabilities assumed

​	​	​
Allocation of Purchase Price	​	​
​	​	​
Cash	$	9,232
Current assets, excluding cash	​	8,888
Property and equipment, net	​	11,270
Operating lease right-of-use assets, net	​	99,676
Intangible assets, net	​	68,483
Goodwill	​	84,741
Other assets	​	1,802
Current liabilities	​	(4,370)
Deferred revenue	​	(3,374)
Deferred tax asset (liability)	​	2,412
Current operating lease liability	​	(11,620)
Long-term operating lease liability	​	(89,782)
Other long-term liabilities	​	(130)
Total consideration	$	177,228
​	​	​

Schedule of intangible assets

​

​	​	​	​	​	​	​
Intangible Assets	​	​	​	​	​	​
​	​	​	​	Estimated
Intangible Assets	​	Amount	​	Useful Life
​	​	(In thousands)	​	(In years)
Customer relationships	$	4,785	​	4.22
Developed technology	​	3,357	​	4.00
Trade names	​	60,341	​	15.00
​	$	68,483	​	​	​	​

Schedule of unaudited pro forma combined results of operations

​

​	​	​	​	​	​	​
​	​	​
​	​	Year Ended June 30,
(In thousands)	​	2020			2019
Revenues	$	1,066,547	​	​	$	1,066,304
Income (loss) from operations	​	6,574	​	​	​	23,148
Net income (loss)	​	(1,519)	​	​	​	13,729
​	​	​	​	​	​	​

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_BusinessAcquisitionLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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 assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
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

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=lrn_GalvanizeIncMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: