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Goodwill
12 Months Ended
Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

(6) GOODWILL

The Company’s goodwill balance was $1,224.4 million and $866.7 million as of June 30, 2015 and 2014, respectively.  

The Company’s reporting units are comprised of its strategic product groups (“SPGs”): Zayo Dark Fiber (“Dark Fiber”), Zayo Wavelength Services (“Waves”), Zayo SONET Services (“SONET”), Zayo Ethernet Services (“Ethernet”), Zayo IP Services (“IP”), Zayo Mobile Infrastructure Group (“MIG”), Zayo Colocation (“zColo"), Zayo Cloud Services (“Cloud”) and Other (primarily Zayo Professional Services (“ZPS”)).

The following reflects the changes in the carrying amount of goodwill during Fiscal 2015 (in millions):

 

Product Group

 

As of July 1, 2014

 

 

Fiscal 2015 Acquisitions

 

 

Foreign Currency Translation and Other

 

 

As of June 30, 2015

 

Dark Fiber

 

$

293.3

 

 

$

16.0

 

 

$

(10.2

)

 

$

299.1

 

Waves

 

 

269.0

 

 

 

1.4

 

 

 

(4.8

)

 

 

265.6

 

Sonet

 

 

50.3

 

 

 

 

 

 

 

50.3

 

Ethernet

 

 

96.7

 

 

 

8.2

 

 

 

(0.7

)

 

 

104.2

 

IP

 

 

80.5

 

 

 

6.8

 

 

 

(1.0

)

 

 

86.3

 

MIG

 

 

43.7

 

 

 

29.8

 

 

 

(0.1

)

 

 

73.4

 

zColo

 

 

18.6

 

 

 

256.0

 

 

 

(1.4

)

 

 

273.2

 

Cloud

 

 

 

 

57.2

 

 

 

(0.2

)

 

 

57.0

 

Other

 

 

14.6

 

 

 

0.9

 

 

 

(0.2

)

 

 

15.3

 

Total

 

$

866.7

 

 

$

376.3

 

 

$

(18.6

)

 

$

1,224.4

 

 

 

The following reflects the changes in the carrying amount of goodwill during Fiscal 2014 (in millions):

 

Product Group

 

As of July 1, 2013

 

 

Fiscal 2014 Acquisitions

 

 

Foreign Currency Translation and Other

 

 

As of June 30, 2014

 

Dark Fiber

 

$

193.3

 

 

$

97.4

 

 

$

2.6

 

 

$

293.3

 

Waves

 

 

215.9

 

 

 

49.6

 

 

 

3.5

 

 

 

269.0

 

Sonet

 

 

50.3

 

 

 

 

 

 

 

50.3

 

Ethernet

 

 

91.7

 

 

 

4.9

 

 

 

0.1

 

 

 

96.7

 

IP

 

 

80.1

 

 

 

0.2

 

 

 

0.2

 

 

 

80.5

 

MIG

 

 

38.3

 

 

 

5.4

 

 

 

 

 

43.7

 

zColo

 

 

11.9

 

 

 

6.4

 

 

 

0.3

 

 

 

18.6

 

Other

 

 

7.3

 

 

 

 

 

7.3

 

 

 

14.6

 

Total

 

$

688.8

 

 

$

163.9

 

 

$

14.0

 

 

$

866.7