Acquisitions (Tables)

12 Months Ended

Jun. 30, 2019

Business Acquisition [Line Items]

Schedule of Supplemental Pro Forma Results of Operations

The following unaudited supplemental pro forma information presents the results of operations of the Company, after giving effect to the TRS Acquisition, AA Acquisition, SEI Acquisition, PAC Acquisition and the four other acquisitions completed during fiscal 2019 as described above, as if the Company had completed each such transaction and all related financing transactions on July 1, 2017, using the estimated fair values of the assets acquired and liabilities assumed. These unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the Company would have been if the acquisitions and related financing transactions had occurred on the date assumed, nor are they indicative of future results of operations.

	For the year ended June 30,
(in thousands)	2019 (Unaudited)		2018 (Unaudited)
Revenues	$	252,182	$	240,711
Net income		4,472		7,046

TRS Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price

The computation of the purchase price consideration and the allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):

Purchase price consideration:
Cash consideration, net of cash acquired(a)	$	6,474
Stock consideration(b)		9,027
Total purchase price consideration, net of cash acquired	$	15,501

(a)Includes $8,250,000 paid net of $1.8 million of cash acquired.

(b)Calculated as 338,115 shares of the Company’s common stock, multiplied by $26.70, the closing price of the Company’s common stock on the closing date.

Schedule of Allocation of Purchase Price Consideration

Allocation of purchase price consideration:
Accounts receivable	$	3,416
Inventory		3,050
Other assets		1,565
Equipment and improvements		805
Intangible assets		5,200
Accounts payable and accrued expenses		(2,220	)
Customer deposits		(1,289	)
Total identifiable net assets		10,527
Goodwill		4,974
Total	$	15,501

AA Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price

The computation of the purchase price consideration and the allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):

Purchase price consideration:
Cash consideration, net of cash acquired(a)	$	7,175
Stock consideration(b)		12,349
Total purchase price consideration, net of cash acquired	$	19,524

(a)Includes $8,119,000 paid at closing (inclusive of a preliminary working capital adjustment) net of $0.9 million of cash acquired.

(b)Calculated as 348,360 shares of the Company’s common stock, multiplied by $35.45, the closing price of the Company’s common stock on the closing date.

Schedule of Allocation of Purchase Price Consideration

Allocation of purchase price consideration:
Accounts receivable	$	2,850
Inventory		2,816
Other assets		2,966
Equipment and improvements		771
Intangible assets		4,300
Accounts payable and accrued expenses		(1,228	)
Customer deposits		(285	)
Total identifiable net assets		12,190
Goodwill		7,334
Total	$	19,524

SEI Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price

The computation of the purchase price consideration and the preliminary allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):

Purchase price consideration:
Cash consideration, net of cash acquired(a)	$	3,709
Stock consideration(b)		9,436
Total purchase price consideration, net of cash acquired	$	13,145

(a)Includes $6,500,000 paid net of $2.8 million of cash acquired.

(b)Calculated as 209,678 shares of the Company’s common stock, multiplied by $45.00, the closing price of the Company’s common stock on the closing date.

Schedule of Allocation of Purchase Price Consideration

Allocation of purchase price consideration:
Accounts receivable	$	2,658
Inventory		1,595
Other assets		156
Equipment and improvements		424
Intangible assets		3,100
Accounts payable and accrued expenses		(740	)
Customer deposits		(398	)
Total identifiable net assets		6,795
Goodwill		6,350
Total	$	13,145

PAC Acquisition [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price

The computation of the purchase price consideration and the preliminary allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):

Purchase price consideration:
Cash consideration, net of cash acquired(a)	$	5,312
Stock consideration(b)		6,653
Total purchase price consideration, net of cash acquired	$	11,965

(a)Includes $6,400,000 paid net of $1.1 million of cash acquired.

(b)Calculated as 179,847 shares of the Company’s common stock, multiplied by $36.99, the closing price of the Company’s common stock on the closing date.

Schedule of Allocation of Purchase Price Consideration

Allocation of purchase price consideration:
Accounts receivable	$	2,231
Inventory		2,136
Other assets		158
Equipment and improvements		357
Intangible assets		3,000
Accounts payable and accrued expenses		(1,912	)
Customer deposits		(465	)
Assumption of debt		(200	)
Total identifiable net assets		5,305
Goodwill		6,660
Total	$	11,965