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Business Acquisitions (Tables)
12 Months Ended
Jun. 30, 2020
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended June 30, 2020 and 2019 are as follows:

 

 

 

Diagnostic

 

 

Other

 

 

Total

 

 

 

Years Ended June 30,

 

 

Years Ended June 30,

 

 

Years Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Beginning balance

 

$

351.6

 

 

$

252.8

 

 

$

65.6

 

 

$

65.8

 

 

$

417.2

 

 

$

318.6

 

Acquisitions (see note 19)

 

 

 

 

 

94.9

 

 

 

 

 

 

 

 

 

 

 

 

94.9

 

Adjustments to acquisitions (see note 19)

 

 

 

 

 

4.4

 

 

 

 

 

 

 

 

 

 

 

 

4.4

 

Goodwill deconsolidated on sale of Clinic

 

 

 

 

 

 

 

 

(7.3

)

 

 

 

 

 

(7.3

)

 

 

 

Goodwill impairment charge

 

 

(80.7

)

 

 

 

 

 

(1.3

)

 

 

 

 

 

(82.0

)

 

 

 

Translation adjustments

 

 

(0.2

)

 

 

(0.5

)

 

 

(0.1

)

 

 

(0.2

)

 

 

(0.3

)

 

 

(0.7

)

Ending balance

 

$

270.7

 

 

$

351.6

 

 

$

56.9

 

 

$

65.6

 

 

$

327.6

 

 

$

417.2

 

Counsyl Inc [Member]  
Allocation of Consideration Transferred The allocation of the consideration transferred was finalized within the measurement period

 

 

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 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, 2020

 

$

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.

 

 

Year Ended

 

 

Year Ended

 

 

 

June 30,

 

 

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