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Subsequent Events | 9 Months Ended
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Mar. 31, 2019
Subsequent Events [Abstract] |
Subsequent Events | 14. Subsequent Events On April 15, 2019, the Company completed the purchase of CloudControlMedia, LLC (“CCM”), a marketing services company. In exchange for all outstanding shares of CCM, the Company paid $8.3 million in cash upon closing (including $0.8 million cash for net assets acquired subject to post-closing adjustments) and will make $7.5 million in post-closing payments and a total earn-out estimated between $3.1 million and $4.2 million calculated based on a percentage of revenue generated by new and existing CCM clients for the five years following April 15, 2019. The post-closing payments are payable in equal semi-annual installments over a four year period, with the first installment payable six months following April 15, 2019 and the earn-out is calculated every June 30 and December 31 for the preceding six months, payable within 45 days from the semi-annual date. The acquisition will be accounted for as a business combination and the results of operations of CCM will be included in the Company's results of operations beginning April 15, 2019. The Company is currently evaluating the purchase price allocation for this transaction.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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