Acquisitions (Tables)

12 Months Ended

Jun. 30, 2017

Acquisitions [Abstract]

Schedule of Acquisitions

The table below reflects the Company's estimates of the acquisition date fair values of the assets and liabilities assumed from its Fiscal 2017 acquisitions:

	KIO Networks US Data Centers		Electric Lightwave		Santa Clara Data Center
Acquisition date	May 1, 2017		March 1, 2017		October 3, 2016
			(in millions)
Cash	$	0.1	$	12.6	$	—
Other current assets		0.1		55.4		—
Property and equipment		2.4		520.6		31.9
Deferred tax assets, net		—		46.7		—
Intangibles		6.4		312.2		6.0
Goodwill		6.0		629.3		—
Other assets		0.5		1.7		—
Total assets acquired		15.5		1,578.5		37.9
Current liabilities		1.7		58.1		—
Deferred tax liabilities, net		1.3		—		—
Capital lease obligations		—		—		26.6
Deferred revenue		0.5		80.0		—
Other liabilities		—		1.2		—
Total liabilities assumed		3.5		139.3		26.6
Net assets acquired		12.0		1,439.2		11.3
Less cash acquired		(0.1)		(12.6)		—
Total consideration paid/payable	$	11.9	$	1,426.6	$	11.3

The table below reflects the Company's estimates of the acquisition date fair values of the assets and liabilities assumed from its Fiscal 2016 acquisitions:

	Clearview		Allstream		Viatel		Dallas Data Center
Acquisition date	April 1, 2016		January 15, 2016		December 31, 2015		December 31, 2015
		(in millions)
Cash	$	—	$	2.9	$	3.5	$	—
Other current assets		0.6		95.6		7.3		—
Property and equipment		17.1		266.3		174.0		12.2
Deferred tax assets, net		0.2		3.8		—		—
Intangibles		9.8		64.5		—		4.4
Goodwill		2.1		—		9.5		—
Other assets		0.3		4.5		2.0		—
Total assets acquired		30.1		437.6		196.3		16.6
Current liabilities		1.1		63.2		18.8		—
Deferred revenue		0.4		46.9		58.5		—
Deferred tax liability, net		—		—		8.6		—
Other liabilities		10.3		27.0		5.7		—
Total liabilities assumed		11.8		137.1		91.6		—
Net assets acquired		18.3		300.5		104.7		16.6
Less cash acquired		—		(2.9)		(3.5)		—
Net consideration paid	$	18.3	$	297.6	$	101.2	$	16.6

The table below reflects the Company's estimates of the acquisition date fair values of the assets and liabilities assumed from its Fiscal 2015 acquisitions:

	AtlantaNAP			Neo		IdeaTek	Latisys
Acquisition date	July 1, 2014		July 1, 2014		January 1, 2015		February 23, 2015
		(in millions)
Cash	$	—	$	4.2	$	—	$	9.4
Other current assets		0.2		9.5		0.8		17.4
Property and equipment		7.0		31.3		32.3		222.9
Deferred tax assets, net		—		—		3.1		0.4
Intangibles		21.0		26.4		7.6		250.2
Goodwill		25.2		32.5		39.0		274.1
Other assets		—		2.3		—		5.0
Total assets acquired		53.4		106.2		82.8		779.4
Current liabilities		1.5		13.5		4.4		9.9
Deferred revenue		—		3.7		25.7		3.2
Deferred tax liability, net		—		7.6		—		79.1
Other liabilities		—		3.3		—		—
Total liabilities assumed		1.5		28.1		30.1		92.2
Net assets acquired		51.9		78.1		52.7		687.2
Less cash acquired		—		(4.2)		—		(9.4)
Net consideration paid	$	51.9	$	73.9	$	52.7	$	677.8

Schedule of Pro-Forma Financial Information

	Year Ended June 30,
	2017		2016
	(in millions)
Revenue	$	2,566.7	$	2,574.4
Net income/(loss)	$	35.9	$	(147.3)
Net income/(loss) per share:
Basic and diluted	$	0.15	$	(0.61)