XML 26 R25.htm IDEA: XBRL DOCUMENT
v3.19.3

ACQUISITION OF CANTALOUPE SYSTEMS, INC. (Tables) | 3 Months Ended
--- | ---
Sep. 30, 2018
Business Combinations [Abstract] |
Schedule of preliminary 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 | The following table summarizes the fair value of total consideration transferred to the holders of all of 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 |
Intangibles |  | 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 |
Other material non-recurring adjustments | Other material non-recurring adjustments are reflected in the pro forma and described below:
|  | Three months ended September 30, 2017
($ in thousands, except per share data) |
Revenue |  | $ | 30,889 |
Net loss attributable to USAT |  | (2,020 | )
Net loss attributable to USAT common shares |  | $ | (2,354 | )
Net loss per share: |  |
Basic |  | $ | (0.04 | )
Diluted |  | $ | (0.04 | )
Weighted average number of common shares outstanding: |  |
Basic |  | 53,548,814 |
Diluted |  | 53,548,814 |

X
- Definition Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(4) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationNonrecurringAdjustmentsTableTextBlock
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 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
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionContingentConsiderationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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