Acquisitions (Tables)

9 Months Ended

Mar. 31, 2024

Best Company

Asset Acquisition [Line Items]

Summary of Consideration

The following table summarizes the consideration as of the acquisition date (in thousands):

	Estimated Fair Value
Cash	$	2,510
Post-closing payments, net of imputed interest of $325		3,696
Promissory note adjustment		158
Total	$	6,364

The Company evaluated the set of activities and assets acquired and concluded that it did not meet the definition of a business because the acquired set did not include a substantive process. Therefore, the acquisition was accounted for as an asset acquisition and the total purchase price was allocated to the acquired assets.

Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives

The following table summarizes the allocation of the purchase price and estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands):

	Estimated Fair Value		Estimated Useful Life
Shared assets license	$	5,228	10 years
Client relationships		682	8 years
Non-competition agreements		454	3 years
Total	$	6,364

AquaVida

Asset Acquisition [Line Items]

Summary of Consideration

The following table summarizes the consideration of the acquisition date (in thousands):

	Estimated Fair Value
Cash	$	2,000
Post-closing payments, net of imputed interest of $535		3,465
Contingent consideration		2,100
Total	$	7,565

Summary of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives

The following table summarizes the allocation of the purchase price and estimated useful lives of the identifiable assets acquired as of the date of the acquisition (in thousands):

	Estimated Fair Value		Estimated Useful Life
Existing technology	$	1,900	5 years
Client relationships		1,200	8 years
Content		50	1 year
Non-competition agreement		500	4 years
Goodwill		3,915	Indefinite
Total	$	7,565