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ACQUISITIONS AND DISPOSITIONS (Tables)
3 Months Ended
Sep. 30, 2018
ACQUISITIONS AND DISPOSITIONS  
Schedule of Acquisitions

The table below reflects the Company's estimates of the acquisition date fair values of the assets acquired and liabilities assumed from its Fiscal 2018 acquisitions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Neutral Path

 

McLean Data Center

 

Spread Networks

 

Optic Zoo Networks

Acquisition date

    

April 17, 2018

    

April 4, 2018

    

February 28, 2018

    

January 18, 2018

 

 

(in millions)

Cash

 

$

0.7

 

$

9.2

 

$

1.5

 

$

1.4

Other current assets

 

 

 0.2

 

 

 —

 

 

 4.2

 

 

 0.4

Property and equipment

 

 

 15.2

 

 

 0.6

 

 

 143.7

 

 

 13.6

Intangibles

 

 

 6.9

 

 

 —

 

 

 9.3

 

 

 3.8

Goodwill

 

 

 15.9

 

 

 —

 

 

 14.4

 

 

 9.9

Deferred tax assets

 

 

 1.5

 

 

 —

 

 

 7.1

 

 

 —

Other assets

 

 

 —

 

 

 —

 

 

 1.4

 

 

 0.2

Total assets acquired

 

 

 40.4

 

 

 9.8

 

 

 181.6

 

 

 29.3

Current liabilities

 

 

 0.6

 

 

 1.6

 

 

 2.6

 

 

 0.6

Deferred revenue

 

 

 5.8

 

 

 —

 

 

 27.2

 

 

 1.2

Deferred tax liability, net

 

 

 —

 

 

 —

 

 

 —

 

 

 1.3

Other liabilities

 

 

 —

 

 

 8.2

 

 

 19.8

 

 

 —

Total liabilities assumed

 

 

 6.4

 

 

 9.8

 

 

 49.6

 

 

 3.1

Net assets acquired

 

 

 34.0

 

 

 —

 

 

 132.0

 

 

 26.2

Less cash acquired

 

 

 (0.7)

 

 

 (9.2)

 

 

 (1.5)

 

 

 (1.4)

Net consideration paid

 

$

33.3

 

$

(9.2)

 

$

130.5

 

$

24.8

 

Summary of Net Assets and Liabilities Held for Sale

 

 

 

 

 

 

 

 

 

 

June 30, 2018

 

 

 

 

(in millions)

Assets held for sale:

 

 

 

 

 

Property and equipment, net

 

 

 

$

35.7

Goodwill

 

 

 

 

5.2

Other assets

 

 

 

 

0.9

Total assets held for sale

 

 

 

$

41.8

 

 

 

 

 

 

Liabilities associated with assets held for sale:

 

 

 

 

 

Deferred tax liability, net

 

 

 

$

5.1

Other liabilities

 

 

 

 

1.0

Total liabilities associated with assets held for sale

 

 

 

$

6.1