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Acquisitions (Tables) | 12 Months Ended
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Jun. 30, 2019
Business Acquisition [Line Items] |
Schedule of Supplemental Pro Forma Results of Operations | The following unaudited supplemental pro forma information presents the results of operations of the Company, after giving effect to the TRS Acquisition, AA Acquisition, SEI Acquisition, PAC Acquisition and the four other acquisitions completed during fiscal 2019 as described above, as if the Company had completed each such transaction and all related financing transactions on July 1, 2017, using the estimated fair values of the assets acquired and liabilities assumed. These unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the Company would have been if the acquisitions and related financing transactions had occurred on the date assumed, nor are they indicative of future results of operations.
|  | For the year ended June 30,
(in thousands) |  | 2019 (Unaudited) |  | 2018 (Unaudited)
Revenues |  | $ | 252,182 |  |  | $ | 240,711 |
Net income |  |  | 4,472 |  |  |  | 7,046 |
TRS Acquisition [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price | The computation of the purchase price consideration and the allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):
Purchase price consideration: |  |
Cash consideration, net of cash acquired(a) |  | $ | 6,474 |
Stock consideration(b) |  |  | 9,027 |
Total purchase price consideration, net of cash acquired |  | $ | 15,501 |
(a)Includes $8,250,000 paid net of $1.8 million of cash acquired. (b)Calculated as 338,115 shares of the Company’s common stock, multiplied by $26.70, the closing price of the Company’s common stock on the closing date.
Schedule of Allocation of Purchase Price Consideration |
Allocation of purchase price consideration: |  |
Accounts receivable |  | $ | 3,416 |
Inventory |  |  | 3,050 |
Other assets |  |  | 1,565 |
Equipment and improvements |  |  | 805 |
Intangible assets |  |  | 5,200 |
Accounts payable and accrued expenses |  |  | (2,220 | )
Customer deposits |  |  | (1,289 | )
Total identifiable net assets |  |  | 10,527 |
Goodwill |  |  | 4,974 |
Total |  | $ | 15,501
AA Acquisition [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price | The computation of the purchase price consideration and the allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):
Purchase price consideration: |  |
Cash consideration, net of cash acquired(a) |  | $ | 7,175 |
Stock consideration(b) |  |  | 12,349 |
Total purchase price consideration, net of cash acquired |  | $ | 19,524 |
(a)Includes $8,119,000 paid at closing (inclusive of a preliminary working capital adjustment) net of $0.9 million of cash acquired. (b)Calculated as 348,360 shares of the Company’s common stock, multiplied by $35.45, the closing price of the Company’s common stock on the closing date.
Schedule of Allocation of Purchase Price Consideration |
Allocation of purchase price consideration: |  |
Accounts receivable |  | $ | 2,850 |
Inventory |  |  | 2,816 |
Other assets |  |  | 2,966 |
Equipment and improvements |  |  | 771 |
Intangible assets |  |  | 4,300 |
Accounts payable and accrued expenses |  |  | (1,228 | )
Customer deposits |  |  | (285 | )
Total identifiable net assets |  |  | 12,190 |
Goodwill |  |  | 7,334 |
Total |  | $ | 19,524
SEI Acquisition [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price | The computation of the purchase price consideration and the preliminary allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):
Purchase price consideration: |  |
Cash consideration, net of cash acquired(a) |  | $ | 3,709 |
Stock consideration(b) |  |  | 9,436 |
Total purchase price consideration, net of cash acquired |  | $ | 13,145 |
(a)Includes $6,500,000 paid net of $2.8 million of cash acquired. (b)Calculated as 209,678 shares of the Company’s common stock, multiplied by $45.00, the closing price of the Company’s common stock on the closing date.
Schedule of Allocation of Purchase Price Consideration |
Allocation of purchase price consideration: |  |
Accounts receivable |  | $ | 2,658 |
Inventory |  |  | 1,595 |
Other assets |  |  | 156 |
Equipment and improvements |  |  | 424 |
Intangible assets |  |  | 3,100 |
Accounts payable and accrued expenses |  |  | (740 | )
Customer deposits |  |  | (398 | )
Total identifiable net assets |  |  | 6,795 |
Goodwill |  |  | 6,350 |
Total |  | $ | 13,145 |
PAC Acquisition [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price | The computation of the purchase price consideration and the preliminary allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):
Purchase price consideration: |  |
Cash consideration, net of cash acquired(a) |  | $ | 5,312 |
Stock consideration(b) |  |  | 6,653 |
Total purchase price consideration, net of cash acquired |  | $ | 11,965 |
(a)Includes $6,400,000 paid net of $1.1 million of cash acquired. (b)Calculated as 179,847 shares of the Company’s common stock, multiplied by $36.99, the closing price of the Company’s common stock on the closing date.
Schedule of Allocation of Purchase Price Consideration |
Allocation of purchase price consideration: |  |
Accounts receivable |  | $ | 2,231 |
Inventory |  |  | 2,136 |
Other assets |  |  | 158 |
Equipment and improvements |  |  | 357 |
Intangible assets |  |  | 3,000 |
Accounts payable and accrued expenses |  |  | (1,912 | )
Customer deposits |  |  | (465 | )
Assumption of debt |  |  | (200 | )
Total identifiable net assets |  |  | 5,305 |
Goodwill |  |  | 6,660 |
Total |  | $ | 11,965 |

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