Business Acquisitions (Tables)

12 Months Ended

Jun. 30, 2017

The following summarizes changes to the goodwill balance for the years ended June 30, 2017 and 2016:

	Years Ended June 30,
		2017		2016
Beginning balance	$	195.3	$	177.2
Acquisitions (see note 2)		116.3		17.7
Adjustments to acquisitions (see note 2)		3.6		0.6
Translation adjustments		0.9		(0.2	)
Ending balance	$	316.1	$	195.3

Pro Forma Results of Acquisitions

Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operation 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 results that might have been achieved had the acquisition been consummated as of July 1, 2015.

	Years Ended
	June 30,
	2017		2016
Revenue	$	782.8	$	819.7
Income from operations		41.9		102.2
Net income		2.5		71.8
Net income per share, basic	$	0.04	$	1.03
Net income per share, diluted	$	0.04	$	0.98

Assurex [Member]

Allocation of Consideration Transferred

The preliminary purchase price allocation as of June 30, 2017 is as follows:

	Estimated Fair Value
Current assets	$	18.2
Intangible assets		295.6
Equipment		1.8
Goodwill		119.1
Current liabilities		(18.6	)
Deferred tax liability		(64.5	)
Total fair value purchase price	$	351.6
Less: Contingent consideration		(130.0	)
Less: Cash acquired		(5.5	)
Total cash consideration transferred	$	216.1

Changes in Carrying Amount of Goodwill

As discussed above, the change in goodwill from the date of acquisition is shown below:

	Carrying
	amount
Balance August 31, 2016	$	116.3
Fair value adjustment to equipment and intangibles		1.7
Working capital adjustment		3.1
Change in deferred tax liability		(2.0	)
Ending balance June 30, 2017	$	119.1

Sividon Diagnostics GmbH [Member]

Allocation of Consideration Transferred

Management estimated the fair value of tangible and intangible assets and liabilities in accordance with the applicable accounting guidance for business combinations and utilized the services of third-party valuation consultants. During the measurement period, the Company recorded adjustments to the provisional amounts recognized in the Company’s initial accounting for the acquisition. During the year ended June 30, 2017 there was a decrease in contingent consideration of $0.4 and intangibles of $0.4 which increased goodwill by $0.8 based upon updated fair value calculations as of the purchase date. The allocation of consideration transferred is now final.

	Estimated Fair
	Value
Current assets	$	2.7
Intangible assets		45.8
Equipment		0.3
Goodwill		18.5
Current liabilities		(15.4	)
Total fair value purchase price	$	51.9
Less: Contingent consideration		(10.9	)
Less: Cash acquired		(2.0	)
Total cash consideration transferred	$	39.0