Acquisitions (Tables)

9 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Schedule of Consideration

The total consideration was calculated as follows (in thousands):

	Estimated Fair Value
Cash	$	23,032
Post-closing adjustments for net assets acquired		138
Post-closing payments, net of imputed interest of $486		7,514
Total	$	30,684

Summary of Preliminary Allocation of Purchase Price and Estimated Useful Lives of the Identifiable Assets Acquired

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

	Estimated Fair Value		Estimated Useful Life
Customer/publisher/advertiser relationships	$	21,300	7 years
Website/trade/domain names		900	15 years
Acquired technology and others		500	3 years
Net assets		2,838	n/a
Goodwill		5,146	Indefinite
Total	$	30,684

Summary of Unaudited Pro Forma Financial Information Combined Results of Operations

The unaudited pro forma financial information in the table below summarizes the combined results of operations for the Company and AmOne as though AmOne had been acquired as of the beginning of fiscal year 2018. The unaudited pro forma financial information is presented for illustrative purposes only and do not necessarily reflect what the combined company’s results of operations would have been had the acquisition occurred as of the beginning of fiscal year 2018, nor is it necessarily indicative of the future results of operations of the combined company.

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2019		2018		2019		2018
	(In thousands)				(In thousands)
Net revenue	$	116,225	$	123,060	$	339,680	$	308,733
Net income		941		7,921		60,320		13,214

Change in Carrying Amount of Goodwill

The change in the carrying amount of goodwill for the nine months ended March 31, 2019 was as follows (in thousands):

	Goodwill
Balance at June 30, 2018	$	62,283
Additions		5,146
Balance at March 31, 2019	$	67,429