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Business Acquisitions (Tables)

12 Months Ended

Jun. 30, 2019

The following summarizes changes to the goodwill balance for the years ended June 30, 2019 and 2018:

	Years Ended June 30,
	2019			2018
Beginning balance	$	318.6		$	316.1
Acquisitions (see note 2)		94.9			—
Adjustments to acquisitions (see note 2)		4.4			1.9
Translation adjustments		(0.7	)		0.6
Ending balance	$	417.2		$	318.6

Counsyl Inc [Member]

Allocation of Consideration Transferred

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

	Estimated Fair Value
Current assets	$	42.5
Intangible assets		290.0
Equipment		18.2
Other assets		0.1
Goodwill		99.3
Current liabilities		(19.6	)
Long term liabilities		(0.1	)
Deferred tax liability		(9.2	)
Total fair value purchase price	$	421.2
Less: Cash acquired		(15.3	)
Total consideration transferred	$	405.9

Changes in Carrying Amount of Goodwill

Changes in goodwill since the initial purchase as of June 30, 2019 are shown below:

	Carrying
	amount
Balance September 30, 2018	$	94.9
Fair value adjustment to equipment		0.7
Intangible adjustment		2.9
Working capital adjustment		(1.1	)
Change in deferred tax liability		1.9
Ending balance June 30, 2019	$	99.3

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, 2017.

	Years Ended
	June 30,
	2019		2018
Revenue	$	861.3	$	881.8
Income from operations		17.9		74.3
Net income		13.8		73.0
Net income per share, basic	$	0.19	$	1.01
Net income per share, diluted	$	0.18	$	0.98