XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Acquisitions (Tables)
9 Months Ended
Mar. 31, 2019
Business Acquisition [Line Items]  
Schedule of Allocation of Purchase Price Consideration

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 had occurred on the date assumed, nor are they indicative of future results of operations.

   For the nine months ended
March 31,
(in thousands)  2019
(Unaudited)
  2018
(Unaudited)
Revenues  $187,270   $154,046 
Net income   3,521    5,324 
SEI Technical Services [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 
Property, plant and equipment   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 Industries Inc. [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 
Property, plant and equipment   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