Acquisitions (Tables)

12 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Net Purchase Price and Preliminary Allocation for Acquisition

The following table presents the net purchase price and the preliminary fair values of the assets and liabilities of Micronetics:

	Amounts
Consideration transferred
Cash paid to shareholders and to settle vested options	$	69,830
Value allocated to unvested options	513
Less cash acquired	(2,109		)
Net purchase price	$	68,234
Estimated fair value of tangible assets acquired and liabilities assumed
Cash	$	2,109
Accounts receivable	3,635
Inventory	12,080
Fixed assets	5,712
Current and non-current deferred tax assets	2,764
Other current and non-current assets	1,721
Accounts payable and accrued expenses	(6,090		)
Long-term debt	(6,575		)
Deferred tax liabilities	(8,114		)
Estimated fair value of net tangible assets acquired	7,242
Estimated fair value of identifiable intangible assets	18,500
Estimated fair value of goodwill	44,601
Estimated fair value of assets acquired	$	70,343
Less cash acquired	(2,109		)
Net purchase price	$	68,234

Supplemental Statements of Operations Information

The following tables summarize the supplemental statements of operations information on an unaudited pro forma basis as if the Micronetics acquisition had occurred on July 1, 2011:

	June 30,
	2013			2012
Pro forma net revenues	$	210,788		$	291,467
Pro forma net (loss) income	$	(14,099	)	$	24,116
Basic pro forma net (loss) earnings per share	$	(0.47	)	$	0.82
Diluted pro forma net (loss) earnings per share	$	(0.47	)	$	0.80