Acquisitions (Tables)

9 Months Ended

Mar. 31, 2018

The following summarizes changes to the goodwill balance for the nine months ended March 31, 2018

	Carrying amount
Beginning balance July 1, 2017	$	316.1
Adjustments to acquisitions (see note 2)		1.9
Translation adjustments		2.2
Ending balance March 31, 2018	$	320.2

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, 2016.

	Three months ended				Nine months ended
	March 31,				March 31,
	2018		2017		2018		2017
Revenue	$	193.5	$	196.9	$	577.7	$	582.3
Income from operations		17.0		7.7		109.0		23.3
Net income (loss)		11.4		4.2		124.6		(9.1	)
Net income (loss) per share, basic	$	0.16	$	0.06	$	1.80	$	(0.13	)
Net income (loss) per share, diluted	$	0.16	$	0.06	$	1.74	$	(0.13	)

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

Change in goodwill for the period ended March 31, 2018 is shown below:

	Carrying
	amount
Balance June 30, 2017	$	119.2
Fair value adjustment to equipment		(0.1	)
Non-controlling interest adjustment		0.2
Change in deferred tax liability		1.8
Ending balance March 31, 2018	$	121.1