Acquisition (Tables)

6 Months Ended

Dec. 31, 2014

Summary of Provisional Amounts Recorded for Estimated Fair Values of Assets Acquired and Liabilities Assumed as of Acquisition Date

The following table summarizes the provisional amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands):


Cash	$	54,705
Short-term deposit		36,614
Accounts receivable		140,210
Current deferred tax asset		2,762
Inventory		6,296
Property and equipment		11,674
Acquired intangible assets		250,600
Other assets		4,002

Total identifiable assets acquired		506,863
Accounts payable		66,544
Income taxes payable		32,534
Deferred tax liability		59,516
Other accrued liabilities		28,032

Net identifiable assets acquired		320,237
Goodwill		153,413

Net assets acquired	$	473,650

Summary of Financial Information Presents Combined Results of Operations for Acquisition

The following unaudited pro forma financial information presents the combined results of operations for us and RSP as if the RSP Acquisition had occurred on June 30, 2013. The unaudited pro forma financial information has been prepared for comparative purposes only and does not purport to be indicative of the actual operating results that would have been recorded had the RSP Acquisition actually taken place on June 30, 2013, and should not be taken as indicative of future consolidated operating results. Additionally, the unaudited pro forma financial results do not include any anticipated synergies or other expected benefits from the acquisition.


	Three Months Ended December 31,				Six Months Ended December 31,
	2014		2013		2014		2013
	(in thousands, except per share data)
Revenue	$	463,705	$	399,301	$	957,407	$	808,704
Net income		39,612		35,466		82,054		73,313
Net income per share - diluted		1.04		0.98		2.11		2.06

Pro Forma Adjustments Used to Arrive at Pro Forma Net Income

Pro forma adjustments used to arrive at pro forma net income for the three and six months ended December 31, 2014 and December 31, 2013, were as follows (in thousands):


	Three Months Ended						Six Months Ended
	December 31,						December 31,
	2014			2013			2014			2013
Buyer transaction costs	$	3,000		$	18		$	4,300		$	18
Amortization of debt issuance costs		—			(250	)		(250	)		(500	)
Interest expense		—			(1,561	)		(2,852	)		(2,828	)
Intangible amortization		26,000			(19,319	)		13,131			(58,188	)
Income tax adjustment		(9,360	)		6,955			(4,727	)		20,948

Total	$	19,640		$	(14,157	)	$	9,602		$	(40,550	)

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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