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Acquisitions (Tables)
 9 Months Ended
Mar. 31, 2019
Changes in Carrying Amount of Goodwill The following summarizes changes to the goodwill balance for the nine months ended March 31, 2019

 

 

 

Carrying

amount

 

Beginning balance July 1, 2018

 

$

318.6

 

Acquisitions (see Note 3)

 

 

98.3

 

Translation adjustments

 

 

(1.0

)

Ending balance March 31, 2019

 

$

415.9

 
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.

 

 

Three months ended

 

 

Nine months ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenue

 

$

216.6

 

 

$

222.2

 

 

$

645.9

 

 

$

652.4

 

Income from operations

 

 

5.9

 

 

 

6.7

 

 

 

23.5

 

 

 

68.9

 

Net income

 

 

6.9

 

 

 

(1.2

)

 

 

18.2

 

 

 

74.2

 

Net income per share, basic

 

$

0.09

 

 

$

(0.02

)

 

$

0.25

 

 

$

1.03

 

Net income per share, diluted

 

$

0.09

 

 

$

(0.02

)

 

$

0.24

 

 

$

0.99

 

 
Counsyl Inc [Member]  
Allocation of Consideration Transferred 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

 

$

42.5

 

Intangible assets

 

 

290.0

 

Equipment

 

 

18.2

 

Other assets

 

 

0.1

 

Goodwill

 

 

98.3

 

Current liabilities

 

 

(19.6

)

Long term liabilities

 

 

(0.1

)

Deferred tax liability

 

 

(8.2

)

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 March 31, 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

 

 

0.9

 

Ending balance March 31, 2019

 

$

98.3