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Acquisitions (Tables) | 9 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Schedule of Consideration | The total consideration was calculated as follows (in thousands):
|  |  | Estimated Fair Value |  |
Cash |  |  | $ | 23,032 |  |
Post-closing adjustments for net assets acquired |  |  |  | 138 |  |
Post-closing payments, net of imputed interest of $486 |  |  | 7,514 |  |
Total |  |  | $ | 30,684 |  |
Summary of Preliminary Allocation of Purchase Price and Estimated Useful Lives of the Identifiable Assets Acquired | The following table summarizes the preliminary allocation of the purchase price and the estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands):
| Estimated Fair Value |  |  | Estimated Useful Life |
Customer/publisher/advertiser relationships | $ | 21,300 |  |  | 7 years |
Website/trade/domain names |  | 900 |  |  | 15 years |
Acquired technology and others |  | 500 |  |  | 3 years |
Net assets |  | 2,838 |  |  | n/a |
Goodwill |  | 5,146 |  |  | Indefinite |
Total | $ | 30,684 |  |  |  |
Summary of Unaudited Pro Forma Financial Information Combined Results of Operations | The unaudited pro forma financial information in the table below summarizes the combined results of operations for the Company and AmOne as though AmOne had been acquired as of the beginning of fiscal year 2018. The unaudited pro forma financial information is presented for illustrative purposes only and do not necessarily reflect what the combined company’s results of operations would have been had the acquisition occurred as of the beginning of fiscal year 2018, nor is it necessarily indicative of the future results of operations of the combined company.
| Three Months Ended |  |  | Nine Months Ended |
| March 31, |  |  | March 31, |
| 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
| (In thousands) |  |  | (In thousands) |
Net revenue | $ | 116,225 |  |  | $ | 123,060 |  |  | $ | 339,680 |  |  | $ | 308,733 |
Net income |  | 941 |  |  |  | 7,921 |  |  |  | 60,320 |  |  |  | 13,214 |
Change in Carrying Amount of Goodwill | The change in the carrying amount of goodwill for the nine months ended March 31, 2019 was as follows (in thousands):
| Goodwill |  |
Balance at June 30, 2018 | $ | 62,283 |  |
Additions |  | 5,146 |  |
Balance at March 31, 2019 | $ | 67,429 |  |

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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