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Business Combination (Tables)

9 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Schedule of Fair Value of Consideration Transferred for Acquisitions and the Allocation of Purchase Price to Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the consideration transferred for the acquisitions and the allocation of the purchase price to the fair values of the assets acquired and liabilities assumed at the acquisition date:

(In thousands)	Preliminary Purchase Price Allocation				Adjustments				Final Purchase Price Allocation
Cash	$	35,000			$	—			$	35,000
Net working capital adjustment		—				3,852				3,852

Current assets		19,187							—							19,187
Technology and equipment, net		1,434							—							1,434
Intangible assets		17,834							1,188							19,022
Other long-term assets		1,621							—							1,621
Liabilities assumed		(18,836		)					—							(18,836		)
Total identifiable net assets		21,240							1,188							22,428
Goodwill		13,760							2,664							16,424
	$	35,000						$	3,852						$	38,852

Schedule of Intangible Assets

Intangible assets acquired and their respective useful lives are estimated as follows:

(In thousands)	Preliminary Purchase Price Allocation				Adjustments				Final Purchase Price Allocation				Useful Life
Customer related	$	12,392			$	910			$	13,302			15.9 years
Developed technology		3,942				149				4,091			4.9 years
Trade name		1,500				129				1,629			9.9 years
	$	17,834			$	1,188			$	19,022

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- References

No definition available.

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- Definition

Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472

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