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Acquisitions and Investments (Tables)

9 Months Ended

Mar. 31, 2021

Acquisitions

Schedule of intangible assets

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March 31, 2021

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June 30, 2020

($ in millions)

Gross Carrying Amount

Accumulated Amortization

Net Carrying Value

Gross Carrying Amount

Accumulated Amortization

Net Carrying Value

Trade names

$

84.5

$

(15.9)

$

68.6

​

$

77.9

​

$

(12.0)

​

$

65.9

Customer and distributor relationships

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​

37.7

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(19.8)

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​

17.9

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​

25.3

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(17.2)

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8.1

Developed technology

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​

21.3

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(5.0)

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16.3

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6.6

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(3.5)

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3.1

Other

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​

1.3

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(1.1)

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​

0.2

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1.4

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(1.0)

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​

0.4

Total

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$

144.8

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$

(41.8)

​

$

103.0

​

$

111.2

$

(33.7)

​

$

77.5

Schedule of unaudited pro forma combined results of operations

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Three Months Ended March 31,

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Nine Months Ended March 31,

(In thousands)

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2021

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​

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2020

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2021

​

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2020

Revenues

$

392,145

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​

$

267,398

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$

1,154,663

​

$

810,621

Income (loss) from operations

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38,553

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​

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(4,706)

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​

89,900

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(9,557)

Net income (loss)

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23,789

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(10,360)

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61,948

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(13,447)

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MedCerts

Acquisitions

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

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​	​	​
Allocation of Purchase Price	​	​
​	​	​
Cash	$	205
Current assets, excluding cash	​	5,074
Property and equipment, net	​	1,896
Intangible assets, net	​	26,607
Goodwill	​	50,814
Current liabilities	​	(2,201)
Deferred revenue	​	(1,562)
Total consideration	$	80,833
​	​	​

Schedule of intangible assets

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​	​	​	​	​	​	​
Intangible Assets	​	​	​	​	​	​
​	​	​	​	Estimated
Intangible Assets	​	Amount	​	Useful Life
​	​	(In thousands)	​	(In years)
Customer relationships	$	12,072	​	5.84
Developed technology	​	11,970	​	7.00
Trade names	​	2,565	​	5.00
​	$	26,607	​	​	​	​
​	​	​	​	​	​	​

Tech Elevator

Acquisitions

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

​

​	​	​
Allocation of Purchase Price	​	​
​	​	​
Cash	$	1,813
Current assets, excluding cash	​	518
Property and equipment, net	​	513
Operating lease right-of-use assets, net	​	724
Intangible assets, net	​	7,105
Goodwill	​	18,014
Other assets	​	377
Current liabilities	​	(461)
Deferred revenue	​	(534)
Deferred tax liability	​	(1,650)
Current operating lease liability	​	(420)
Long-term operating lease liability	​	(304)
Total consideration	$	25,695
​	​	​

Schedule of intangible assets

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​	​	​	​	​	​	​
Intangible Assets	​	​	​	​	​	​
​	​	​	​	Estimated
Intangible Assets	​	Amount	​	Useful Life
​	​	(In thousands)	​	(In years)
Customer relationships	$	311	​	3.92
Developed technology	​	2,796	​	5.00
Trade names	​	3,998	​	15.00
​	$	7,105	​	​	​	​
​	​	​	​	​	​	​

Galvanize

Acquisitions

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

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​	​	​
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	​	100,232
Intangible assets, net	​	68,483
Goodwill	​	81,225
Other assets	​	1,802
Current liabilities	​	(4,370)
Deferred revenue	​	(3,374)
Deferred tax asset (liability)	​	2,372
Current operating lease liability	​	(11,620)
Long-term operating lease liability	​	(89,782)
Other long-term liabilities	​	(130)
Total consideration	$	174,228
​	​	​

Schedule of intangible assets

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​	​	​	​	​	​	​
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	​	​	​	​

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