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Business Combinations (Tables) - Explosive Trace Detection Business ("ETD")

9 Months Ended

Mar. 31, 2018

Business Combinations

Schedule of assets acquired and liabilities assumed

Further potential adjustments made could be material in relation to these preliminary values below (amounts in thousands):

Cash and cash equivalents		$	4
Accounts receivable, net		13,358
Inventories		11,456
Property and equipment		1,599
Intangible assets		30,040
Other long-term assets		297
Accounts payable		(4,784		)
Accrued payroll and related expenses		(2,356		)
Deferred revenues — current		(1,629		)
Accrued warranties		(2,068		)
Other accrued expenses and current liabilities		(1,582		)
Net assets acquired		44,335
Goodwill		36,132
Total consideration		$	80,467

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		8 years		12,920
Backlog		2 years		3,500
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, 2017

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

		Three Months Ended March 31,						Nine Months Ended March 31,
		2017			2018			2017			2018
Revenues		$	260,695		$	267,299		$	763,612		$	801,960
Income from operations		$	21,003		$	7,743		$	38,772		$	45,284

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