Mergers and Acquisitions (Tables)

9 Months Ended

Mar. 31, 2018

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