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Business Combinations (Tables) | 3 Months Ended
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Sep. 30, 2016
Business Combinations |
Schedule of assets acquired and liabilities assumed | The following is a preliminary estimate of the assets acquired and the liabilities assumed by OSI Systems in the acquisition, reconciled to total estimated purchase consideration (in thousands):
Cash and cash equivalents |  | $ | 79,195 |
Accounts receivable |  | 25,048 |
Inventories |  | 30,439 |
Other current assets |  | 7,368 |
Property and equipment |  | 5,834 |
Intangible assets |  | 74,800 |
Other long-term assets |  | 201 |
Accounts payable |  | (5,273 | )
Accrued payroll and related expenses |  | (4,629 | )
Deferred revenues — current |  | (11,281 | )
Advances from customers |  | (13,785 | )
Other accrued expenses and current liabilities |  | (6,426 | )
Deferred revenues - long term |  | (3,225 | )
Deferred income tax liability |  | (9,455 | )
Other long-term liabilities |  | (18,966 | )
Net assets acquired |  | 149,845 |
Goodwill |  | 116,158 |
Total consideration |  | $ | 266,003 |
Summary of the fair value of acquired identifiable intangible assets as of the acquisition date | The following table summarizes the fair value of acquired identifiable intangible assets as of the acquisition date (amounts in thousands):
|  | Weighted |  | Gross |
|  | Average |  | Carrying |
|  | Lives |  | Value |
Amortizable assets: |  |  |  |  |
Developed technology |  | 10 years |  | $ | 31,750 |
Customer relationships/backlog |  | 7 years |  | 27,550 |
Total amortizable assets |  |  |  | 59,300 |
Non-amortizable assets: |  |  |  |  |
Trademarks and trade names |  |  |  | 12,300 |
IPR&D |  |  |  | 3,200 |
Total intangible assets |  |  |  | $ | 74,800 |
Pro forma results of operations assuming the AS&E acquisition had occurred on July 1, 2015 | The following unaudited pro forma results of operations assume the AS&E acquisition had occurred on July 1, 2015 (in thousands):
|  | Three Months Ended September 30, |
|  | 2015 |  | 2016 |
Revenues |  | $ | 224,717 |  | $ | 238,611 |
Income (loss) before taxes |  | $ | 4,705 |  | $ | (27,388 | )

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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