XML 51 R34.htm IDEA: XBRL DOCUMENT
v3.5.0.2

GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of intangible asset balances |
|  | Beginning |  |  | Year ended June 30, 2016 |  |  | Ending |  |  |
($ in thousands) |  | Balance |  |  | Additions/ |  |  |  |  |  | Balance |  |  | Amortization
|  | July 1, 2015 |  |  | Adjustments |  |  | Amortization |  |  | June 30, 2016 |  |  | Period
Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks - Indefinite |  | $ | 432 |  |  | $ | (432 | )(1) |  | $ | - |  |  | $ | - |  |  | Indefinite
Non-compete agreements |  |  | - |  |  |  | 2 |  |  |  | (1 | ) |  |  | 1 |  |  | 2 years
Brand |  |  | - |  |  |  | 95 |  |  |  | (16 | ) |  |  | 79 |  |  | 3 years
Developed technology |  |  | - |  |  |  | 639 |  |  |  | (63 | ) |  |  | 576 |  |  | 5 years
Customer relationships |  |  | - |  |  |  | 149 |  |  |  | (7 | ) |  |  | 142 |  |  | 10 years
Total Intangible Assets |  | $ | 432 |  |  | $ | 453 |  |  | $ | (87 | ) |  | $ | 798 |  |  |
Goodwill |  |  | 7,663 |  |  |  | 4,040 |  |  |  | - |  |  |  | 11,703 |  |  | Indefinite
Total Intangible Assets & Goodwill |  | $ | 8,095 |  |  | $ | 4,493 |  |  | $ | (87 | ) |  | $ | 12,501 |  |  |
|  | Beginning |  |  | Year ended June 30, 2015 |  |  | Ending |  |  |
($ in thousands) |  | Balance |  |  | Additions/ |  |  |  |  |  | Balance |  |  | Amortization
|  | July 1, 2014 |  |  | Adjustments |  |  | Amortization |  |  | June 30, 2015 |  |  | Period
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks - Indefinite |  | $ | 432 |  |  |  | - |  |  |  | - |  |  | $ | 432 |  |  | Indefinite
Total Intangible Assets |  | $ | 432 |  |  | $ | - |  |  | $ | - |  |  | $ | 432 |  |  |
Goodwill |  |  | 7,663 |  |  |  | - |  |  |  | - |  |  |  | 7,663 |  |  | Indefinite
Total |  | $ | 8,095 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,095 |  |  |
| (1) | The Company’s test for impairment of its indefinite-lived trademarks consists of the trademarks: 1) VendingMiser, 2) CoolerMiser, 3) PlugMiser and 4) SnackMiser. As a result of its testing in fiscal years ended June 30, 2015 and 2014 the Company determined that no impairment had occurred. In the testing in fiscal year 2016, the Company determined that the sum of the expected discounted cash flows attributable to the trademarks was less than its carrying value of $432 thousand, and that an impairment write-down was required. The fair value of the trademarks was determined by a method known as “relief from royalty”, in which the fair value is determined by reference to the amount of royalty income the intangible would generate if it were licensed in an arm’s-length transaction. The essential assumptions in a valuation via an income approach are as follows:
| · | The related dollar sales volume;
| · | The percentage royalty on sales;
| · | The adjustment for taxes;
| · | The remaining useful economic life;
| · | The percentage return on investment; and,
| · | The tax amortization benefit.
Schedule of amortizable intangible asset |
($ in thousands) |  | Cost |  |  | Accumulated Amortization |  |  | Net Book Value |
Non-compete agreements |  | $ | 2 |  |  | $ | (1 | ) |  | $ | 1 |
Brand |  |  | 95 |  |  |  | (16 | ) |  | $ | 79 |
Developed Technology |  |  | 639 |  |  |  | (63 | ) |  | $ | 576 |
Customer Relationships |  |  | 149 |  |  |  | (7 | ) |  | $ | 142 |
|  | $ | 885 |  |  | $ | (87 | ) |  | $ | 798 |
Schedule of estimated annual amortization expense |
2017 |  | $ | 175 |
2018 |  |  | 175 |
2019 |  |  | 159 |
2020 |  |  | 143 |
2021 |  |  | 79 |
Thereafter |  |  | 67 |
|  | $ | 798 |

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents information of finite lived intangible assets. + References No definition available. + Details
Name: | usat_FiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | usat_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration