Acquisitions and Investments (Tables)

9 Months Ended

Mar. 31, 2020

Acquisitions

Schedule of intangible assets

	March 31, 2020						June 30, 2019
($ in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
Trade names	$	41.6	$	(10.3)	$	31.3	$	17.6	$	(9.4)	$	8.2
Customer and distributor relationships		25.3		(16.4)		8.9		20.5		(14.7)		5.8
Developed technology		6.6		(3.3)		3.3		3.2		(2.8)		0.4
Other		1.4		(1.0)		0.4		1.4		(0.8)		0.6
Total	$	74.9	$	(31.0)	$	43.9	$	42.7	$	(27.7)	$	15.0

Galvanize Inc

Acquisitions

Schedule estimated fair value of consideration paid and identifiable assets acquired and liabilities assumed

Allocation of Purchase Price
(In thousands)
Cash	$	9,232
Current assets, excluding cash		16,960
Property and equipment, net		11,270
Operating lease right-of-use assets, net		90,716
Intangible assets, net		32,162
Goodwill		107,606
Other assets		1,804
Current liabilities		(4,730)
Deferred revenue		(3,649)
Deferred tax liability		17,389
Current operating lease liability		(11,620)
Long-term operating lease liability		(89,782)
Other long-term liabilities		(130)
Total consideration	$	177,228

Schedule of intangible assets

Intangible Assets
			Estimated
Intangible Assets		Amount	Useful Life (in Years)
		(In thousands)
Customer relationships	$	4,785	4.22 years
Developed technology		3,357	4.00 years

Trade names		24,020	18.00 years
	$	32,162

Schedule of unaudited pro forma combined results of operations

		Three Months Ended			Nine Months Ended
		March 31,			March 31,
(In thousands)		2020	2019		2020		2019
Revenues	$	260,556	$	266,665	$	797,566	$	796,366
Income (loss) from operations		(3,687)		19,745		1,051		27,250
Net income (loss)		(9,564)		14,822		(5,283)		16,918