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Mergers and Acquisitions (Tables) | 9 Months Ended
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Mar. 31, 2018
Business Combinations [Abstract] |
Schedule of purchase price allocation and components of tangible assets acquired | The following table summarizes the components of the tangible assets acquired at fair value (in millions):
Cash |  | $ | 0.2 |
Accounts receivable |  | 3.2 |
Inventory |  | 10.1 |
Property and equipment |  | 1.2 |
Accounts payable |  | (1.7 | )
Other liabilities, net of other assets |  | (1.2 | )
Net tangible assets acquired |  | $ | 11.8 |
The purchase price was allocated as follows (in millions) :
Net tangible assets acquired |  | $ | 65.9 |
Intangible assets acquired: |  |
Developed technology |  | 113.5 |
Customer relationships |  | 75.0 |
Trade names |  | 28.0 |
In-process research and development |  | 9.0 |
Backlog |  | 6.5 |
Goodwill |  | 171.9 |
Total purchase price |  | $ | 469.8 |
The amounts above are considered preliminary and are subject to change once the Company receives additional information it believes is necessary to finalize its determination of the fair value of certain assets acquired under the acquisition. The following table summarizes the components of the tangible assets acquired at fair value (in millions):
Cash |  | $ | 16.1 |
Accounts receivable |  | 42.6 |
Inventory |  | 33.5 |
Property and equipment |  | 33.5 |
Other assets |  | 7.6 |
Accounts payable |  | (10.9 | )
Other liabilities |  | (23.3 | )
Deferred revenue |  | (9.0 | )
Deferred tax liabilities |  | (24.2 | )
Net tangible assets acquired |  | $ | 65.9 |
The purchase price was allocated as follows (in millions) :
Net tangible assets acquired |  | $ | 11.8 |
Intangible assets acquired: |  |
Developed technology |  | 15.5 |
Customer relationships |  | 11.0 |
Other |  | 0.3 |
Goodwill |  | 17.8 |
Total purchase price |  | $ | 56.4 |
Pro forma information | The pro forma information is not indicative of what would have occurred had the acquisition taken place on July 3, 2016. Actual results will differ from the unaudited pro forma information presented below (unaudited, in millions):
|  | Three Months Ended |  | Nine Months Ended
|  | March 31, 2018 |  | April 1, 2017 |  | March 31, 2018 |  | April 1, 2017
Pro forma net revenue |  | $ | 256.4 |  |  | $ | 241.1 |  |  | $ | 767.9 |  |  | $ | 770.9 |
Pro forma net (loss) income |  | (21.0 | ) |  | 12.6 |  |  | (37.8 | ) |  | 111.8 |

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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 + Details
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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 + Details
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