Note 2. Acquisitions (Tables)

12 Months Ended

Jun. 30, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the final purchase price allocation to assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date, with the excess allocated to goodwill. Measurement period adjustments during the first quarter of fiscal year 2020 included a reduction of $2.0 million to Property and Equipment as a result of additional information obtained related to the valuation of certain equipment as of the acquisition date and a $0.2 million reduction in Other long-term liabilities to adjust deferred tax liabilities on the equipment. These measurement period adjustments to the purchase price allocation in the first quarter of fiscal year 2020 increased Goodwill by $1.8 million. For tax purposes, $8.9 million of the goodwill in the following table is expected to be deductible. See Note 1 – Business Description and Summary of Significant Accounting Policies and Note 6 - Goodwill and Other Intangible Assets of Notes to Consolidated Financial Statements for information on subsequent testing and measurement of Goodwill.



(Amounts in Thousands)	October 1, 2018
Cash	$	2,257
Receivables	15,656
Inventories	6,454
Prepaid expenses and other current assets	1,424
Property and Equipment	7,037
Other Intangible Assets	19,259
Other Assets	498
Goodwill	13,745
Total assets acquired	$	66,330

Borrowings under Credit Facilities	$	12,843
Accounts payable	4,113
Accrued expenses	1,340
Other long-term liabilities	5,653
Total liabilities assumed	$	23,949
Net assets acquired	$	42,381

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Other Intangible Assets include the estimated fair values for finite-lived intangible assets acquired and are listed in the table below along with their estimated useful lives which are being amortized on a straight-line basis.



(Amounts in Thousands)	Estimated Fair Value		Estimated useful life (years)
Software	$	379	3 to 7
Technology	5,060		5
Trade name	6,369		10
Customer relationships	7,451		15
Total other intangible assets	$	19,259