XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.22.4

Acquisitions (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Preliminary Allocation of Purchase Price | The following table presents the preliminary allocation of the purchase price (in millions):
|  |  | Amount |  |
Cash and cash equivalents |  |  | $ | 1.1 |  |  |
Accounts receivable, net |  |  | 2.3 |  |  |
Inventory, net |  |  | 3.0 |  |  |
Goodwill |  |  | 48.8 |  |  |
Identified intangible assets acquired |  |  | 30.6 |  |  |
Other non-current assets |  |  | 0.1 |  |  |
Accounts payable |  |  | (0.6) |  |  |
Accrued expenses |  |  | (3.4) |  |  |
Deferred revenue |  |  | (2.1) |  |  |
Other current liabilities |  |  | (0.5) |  |  |
Total purchase consideration |  |  | $ | 79.3 |  |  |
Schedule of Identifiable Intangible Assets Acquired and Estimated Useful Lives | The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except useful life):
| Estimated Useful Life |  | Amount |  |
Developed technology | 6 years |  | $ | 25.0 |  |  |
Customer relationship | 3 years |  | 2.7 |  |  |
Tradename | 2 years |  | 0.5 |  |  |
Backlog | 1 year |  | 2.4 |  |  |
Total identifiable assets acquired |  |  | $ | 30.6 |  |  |
Schedule of Changes in Fair Value of Level 3 Liabilities | The following table provides a reconciliation of changes in the fair value of the Company’s earn-out liabilities associated with the Company’s acquisitions for the three and six months ended December 31, 2022 and January 1, 2022 (in millions):
|  | Three Months Ended |  | Six Months Ended
|  | December 31, 2022 |  | January 1, 2022 |  | December 31, 2022 |  | January 1, 2022
Beginning period balance |  | $ | 2.9 |  |  | $ | 4.3 |  |  | $ | 2.5 |  |  | $ | 4.0 |
Additions to Contingent Consideration |  | 29.4 |  |  | — |  |  | 29.4 |  |  | — |
Payments of Contingent Consideration |  | (0.5) |  |  | (1.2) |  |  | (0.5) |  |  | (1.2) |
Fair value adjustment of earn-out liabilities |  | 1.3 |  |  | — |  |  | 1.8 |  |  | 0.3 |
Currency translation adjustment |  | 0.1 |  |  | — |  |  | — |  |  | — |
Ending period balance |  | $ | 33.2 |  |  | $ | 3.1 |  |  | $ | 33.2 |  |  | $ | 3.1 |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration