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ACQUISITION (Tables) | 9 Months Ended
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Mar. 31, 2018
ACQUISITION. |
Schedule of preliminary fair value of purchase price consideration |
($ in thousands) |  |  |
Cash consideration, net of cash acquired (1) |  | $ | (65,181)
USAT shares issued as stock consideration (2) |  |  | (19,810)
Post-closing adjustment for working capital (3) |  |  | 253
Total consideration |  | $ | (84,738)
Schedule of pro forma operations results |
|  | Three months ended March 31, |  | Nine months ended March 31,
(In thousands, except per share data) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues |  | $ | 35,832 |  | $ | 32,265 |  | $ | 103,474 |  | $ | 86,969
Net income (loss) attributable to USAT |  |  | 2,488 |  |  | (339) |  |  | (8,064) |  |  | (6,898)
Net income (loss) attributable to USAT common shares |  | $ | 2,154 |  | $ | (673) |  | $ | (8,732) |  | $ | (7,566)
Net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.04 |  | $ | (0.01) |  | $ | (0.16) |  | $ | (0.14)
Diluted |  | $ | 0.04 |  | $ | (0.01) |  | $ | (0.16) |  | $ | (0.14)
Weighted average number of common shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 53,637,085 |  |  | 53,334,396 |  |  | 53,601,684 |  |  | 52,686,654
Diluted |  |  | 54,234,566 |  |  | 53,334,396 |  |  | 53,601,684 |  |  | 52,686,654
Schedule of fair value of total consideration transferred to the acquisition date |
|  | Cantaloupe
($ in thousands) |  | Systems, Inc.
Accounts receivable |  | $ | 3,232
Finance receivables, current portion |  |  | 1,640
Inventory |  |  | 782
Prepaid expense and other current assets |  |  | 682
Finance receivables, less current portion |  |  | 3,483
Other assets |  |  | 50
Property and equipment |  |  | 1,573
Intangibles |  |  | 30,800
Goodwill |  |  | 52,704
Total assets acquired |  |  | 94,946
Accounts payable |  |  | (1,591)
Accrued expenses |  |  | (1,832)
Deferred revenue |  |  | (626)
Capital lease obligations and current obligations under long-term debt |  |  | (666)
Capital lease obligations and long-term debt, less current portion |  |  | (1,134)
Deferred income tax liabilities |  |  | (4,359)
Total net assets acquired |  | $ | 84,738

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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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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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