Business Acquisitions (Tables)

12 Months Ended

Jun. 30, 2015

The Company expects the allocation of the consideration transferred to be final within the measurement period (up to one year from the acquisition date).


	Estimated Fair Value
Current assets	$	3.1
Real property		20.7
Equipment		1.6
Goodwill		8.1
Current liabilities		(4.4	)
Long-term liabilities		(9.0	)

Total purchase price	$	20.1

Reconciliation of Consideration Transferred to Total Cash Paid to Acquire Business

The following table reconciles consideration transferred to the total cash paid to acquire Crescendo:


Total consideration transferred	$	259.0
Share-based compensation to Crescendo employees		6.9
Change of control payments to Crescendo employees		5.7
Offset: Non-cash fair value purchase option		(8.0	)

Total cash paid	$	263.6

Allocation of Consideration Transferred for Crescendo

The Company’s allocation of consideration transferred for Crescendo is as follows:


	Estimated Fair Value
Other assets acquired	$	15.9
Intangible assets		196.6
Goodwill		112.3

Total assets acquired		324.8

Deferred tax liabilities		44.2
Other liabilities assumed		21.6

Total net assets acquired	$	259.0

Pro-forma Results of Acquisitions

The unaudited pro-forma results presented below include the effects of the Crescendo acquisition as if it had been consummated as of July 1, 2013, with adjustments to give effect to pro forma events that are directly attributable to the acquisition which includes adjustments related to the amortization of acquired intangible assets, interest income and expense, stock-based compensation expense, and depreciation. The unaudited pro forma results do not reflect any operating efficiency or potential cost savings which may result from the consolidation of Crescendo. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the period presented nor are they indicative of future results of operations and are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of July 1, 2013.


	June 30,
	2015		2014
Revenue	$	723.1	$	807.5
Income from operations		134.2		252.6
Net income	$	80.2	$	155.9
Net income per share, basic	$	1.13	$	2.06
Net income per share, diluted	$	1.08	$	1.99