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Business Combinations (Tables)

3 Months Ended

Sep. 30, 2017

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
		Average		Fair
		Lives		Value
Amortizable assets:
Developed technology		10 years		$	13,220
Customer relationships/backlog		7 years		16,420
Total amortizable assets				29,640
Non-amortizable asset — IPR&D				400
Total intangible assets				$	30,040

Unaudited pro forma results of operations assuming the ETD acquisition had occurred on July 1, 2016

The following unaudited pro forma results of operations assume the ETD acquisition had occurred on July 1, 2016 (in thousands):

		Three Months Ended September 30,
		2016			2017
Revenues		$	236,752		$	257,133
Income from operations		$	4,441		$	19,394

Explosive Trace Detection Business

Schedule of assets acquired and liabilities assumed

Cash and cash equivalents		$	4
Accounts receivable		12,359
Inventories		12,269
Property and equipment		1,594
Intangible assets		30,040
Other long-term assets		303
Accounts payable		(3,070		)
Accrued payroll and related expenses		(2,450		)
Deferred revenues — current		(2,068		)
Accrued warranties		(1,260		)
Other accrued expenses and current liabilities		(1,018		)
Net assets acquired		46,703
Goodwill		33,764
Total consideration		$	80,467

AS&E

Schedule of assets acquired and liabilities assumed

The  assets acquired and the liabilities assumed by us in the acquisition, reconciled to total purchase consideration are as follows (in thousands):

Current assets		$	138,747
Intangible assets		74,800
Other long term assets		5,538
Current liabilities		(42,111		)
Long-term liabilities		(26,809		)
Net assets acquired		150,165
Goodwill		115,838
Total consideration		$	266,003

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- 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/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)-(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

+ References

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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=84161108&loc=d3e4845-128472

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