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Acquisitions Acquisitions (Tables)
 12 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Schedule of acquisitions related assets and liabilities
The following summarizes the estimated fair values of the Pipeline Services assets acquired and liabilities assumed at the acquisition date, as well as measurement period adjustments:
 
 
 
 
November 30, 2015
(As Initially Reported)
 
Measurement
Period
Adjustments
 
November 30, 2015
(As Adjusted)
Cash and cash equivalents
$
355

 
$
—

 
$
355

Accounts receivable
26,406

 
1,857

 
28,263

Prepaid expenses and other current assets
7,276

 
(48
)
 
7,228

Property and equipment
3,552

 
—

 
3,552

Identifiable intangible assets:
 
 
 
 
 
 
Customer relationships and backlog
43,500

 
—

 
43,500

 
Internally developed software
1,000

 
—

 
1,000

 
 
Total identifiable intangible assets
44,500

 
—

 
44,500

Goodwill
64,673

 
(4,379
)
 
60,294

Other non-current assets
20,683

 
—

 
20,683

Accounts payable
(2,587
)
 
43

 
(2,544
)
Accrued compensation and benefits
(7,199
)
 
(2
)
 
(7,201
)
Other accrued liabilities
(5,210
)
 
100

 
(5,110
)
Current portion of long-term debt
(6,447
)
 
(38
)
 
(6,485
)
Long-term debt, net of current portion
(18,547
)
 
—

 
(18,547
)
Non-controlling interest
—

 
(490
)
 
(490
)
 
Net assets acquired
$
127,455

 
$
(2,957
)
 
$
124,498

Acquisition and integration expenses in the accompanying consolidated statements of operations were comprised of the following:
 
 
Twelve Months Ended
 
 
June 30, 2016
Severance and personnel costs
 
$
1,508

Professional services and other expenses
 
2,824

Lease abandonments
 
2,239

     Total
 
$
6,571
Schedule of pro forma information
The unaudited pro forma financial information summarized in the following table gives effect to the Pipeline Services acquisition assuming it occurred on July 1, 2014. These unaudited pro forma operating results do not assume any impact from revenue, cost or other operating synergies that are expected as a result of the acquisition. Pro forma adjustments have been made to reflect amortization of the identified intangible assets for the related periods, as well as the amortization of deferred debt issuance costs incurred. Identifiable intangible assets are being amortized on a basis approximating the economic value derived from those assets. These unaudited pro forma operating results are presented for illustrative purposes only and are not indicative of the operating results that would have been achieved had the acquisition occurred on July 1, 2014, nor does the information project results for any future period.
 
Twelve Months Ended
 
June 30, 2016
 
June 30, 2015
Gross revenue
$
695,916

 
$
772,628

Net service revenue
515,705

 
562,441

Net (loss) income applicable to TRC Companies, Inc.
(2,378
)
 
12,890

 
 
 
 
Basic (loss) earnings per common share
$
(0.08
)
 
$
0.43

Diluted (loss) earnings per common share
$
(0.08
)
 
$
0.42