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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Net revenue:        
Net administrative fees $ 143,915 $ 131,270 $ 398,962 $ 369,952
Other services and support 97,756 87,389 265,974 252,114
Services 241,671 218,659 664,936 622,066
Products 138,132 80,010 386,639 239,107
Net revenue 379,803 298,669 1,051,575 861,173
Cost of revenue:        
Services 47,319 40,685 134,865 119,301
Products 129,929 71,408 356,900 214,512
Cost of revenue 177,248 112,093 491,765 333,813
Gross profit 202,555 186,576 559,810 527,360
Operating expenses:        
Selling, general and administrative 108,668 101,898 296,833 288,120
Research and development 755 1,180 2,328 2,060
Amortization of purchased intangible assets 14,080 8,740 34,440 24,058
Operating expenses 123,503 111,818 333,601 314,238
Operating income 79,052 74,758 226,209 213,122
Remeasurement gain attributable to acquisition of Innovatix, LLC 0 0 204,833 0
Equity in net income of unconsolidated affiliates 83 6,627 14,789 16,002
Interest and investment loss, net (2,017) (285) (3,026) (981)
Loss on disposal of long-lived assets (725) 0 (2,243) 0
Other income (expense), net 2,260 0 3,135 (2,081)
Other income (expense), net (399) 6,342 217,488 12,940
Income before income taxes 78,653 81,100 443,697 226,062
Income tax expense 7,315 9,543 68,080 41,257
Net income (loss) 71,338 71,557 375,617 184,805
Net income attributable to non-controlling interest in Premier LP (51,433) (56,018) (282,207) (153,735)
Adjustment of redeemable limited partners' capital to redemption amount (100,506) 284,409 296,566 685,649
Net income (loss) attributable to stockholders $ (80,601) $ 299,948 $ 389,976 $ 716,719
Weighted average shares outstanding:        
Basic (in shares) 50,525 44,716 49,051 41,329
Diluted (in shares) 50,525 145,018 141,372 145,558
Earnings (loss) per share attributable to stockholders:        
Basic (in dollars per share) $ (1.60) $ 6.71 $ 7.95 $ 17.34
Diluted (in dollars per share) $ (1.60) $ 0.43 $ 2.22 $ 1.03