Business Acquisitions (Tables)

12 Months Ended

Jun. 30, 2018

The following summarizes changes to the goodwill balance for the years ended June 30, 2018 and 2017:

	Years Ended June 30,
		2018		2017
Beginning balance	$	316.1	$	195.3
Acquisitions (see note 3)		-		116.3
Adjustments to acquisitions (see note 3)		1.9		3.6
Translation adjustments		0.6		0.9
Ending balance	$	318.6	$	316.1

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	$	781.3	$	806.4
Income from operations		41.2		88.8
Net income		1.2		63.7
Net income per share, basic	$	0.02	$	0.91
Net income per share, diluted	$	0.02	$	0.87

Assurex [Member]

Allocation of Consideration Transferred

The final purchase price allocation is as follows:

	Estimated Fair Value
Current assets	$	18.2
Intangible assets		295.6
Equipment		1.9
Goodwill		121.1
Current liabilities		(18.9	)
Deferred tax liability		(66.3	)
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 July 1, 2017	$	119.2
Fair value adjustment to equipment and intangibles		(0.1	)
Working capital adjustment		0.2
Change in deferred tax liability		1.8
Ending balance June 30, 2018	$	121.1