XML 129 R32.htm IDEA: XBRL DOCUMENT
v3.19.3

ACQUISITION (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2019
Business Combinations [Abstract] |
Fair value of purchase price consideration | The fair value of the purchase price consideration consisted of the following:
($ in thousands) |
Cash consideration, net of cash acquired | $ | 65,181 |
USAT shares issued as stock consideration (As Restated) | 23,279 |
Post-closing adjustment for working capital | (253 | )
Total consideration (As Restated) | $ | 88,207 |
Schedule of fair values of the assets acquired and liabilities assumed | The following table summarizes the fair value of total consideration transferred to the holders of all the outstanding equity interests of Cantaloupe at the acquisition date of November 9, 2017:
($ in thousands) | November 9, 2017 (As Restated)
Accounts receivable | $ | 2,921 |
Finance receivables | 1,480 |
Inventory | 282 |
Prepaid expense and other current assets | 646 |
Finance receivables due after one year | 3,603 |
Other assets | 50 |
Property and equipment | 2,234 |
Intangible assets | 30,800 |
Total assets acquired | 42,016 |
Accounts payable | (1,591 | )
Accrued expenses | (2,401 | )
Deferred revenue | (518 | )
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 | (157 | )
Total identifiable net assets | 35,549 |
Goodwill | 52,658 |
Total fair value | $ | 88,207 |
Material non-recurring pro forma adjustments | Other material non-recurring adjustments are reflected in the pro forma and described below:
| Year ended June 30,
($ in thousands, except per share data) | 2018 |  | 2017 (As Restated)
Revenue | $ | 140,575 |  |  | $ | 121,373 |
Net loss attributable to USAT | (7,256 | ) |  | (13,828 | )
Net loss attributable to USAT common shares | $ | (7,924 | ) |  | $ | (14,496 | )
Net loss per share: |  |  |
Basic | $ | (0.15 | ) |  | $ | (0.27 | )
Diluted | $ | (0.15 | ) |  | $ | (0.27 | )
Weighted average number of common shares outstanding: |  |  |
Basic | 53,717,133 |  |  | 52,849,217 |
Diluted | 53,717,133 |  |  | 52,849,217 |

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration