XML 132 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities provided by/(used in):      
Net loss $ (8.7) $ (19.2) $ (25.4)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 3.0 3.1 3.0
Share based compensation 2.6 0.5 0.6
Gain recorded on merger (7.8) 0 0
Loss on fixed assets disposal     0.1
Change in operating assets and liabilities (net of liabilities acquired):      
Accounts receivable (4.2) (3.4) (1.6)
Prepaid expenses and other assets (0.6) 0.2 (0.4)
Deferred income taxes 1.5 (0.2) 0.4
Deferred revenue (0.1) 0.2 (2.4)
Accounts payable and accrued expenses and other liabilities 2.8 2.9 (8.0)
Accrued severance obligations (2.4)    
Net cash used in operating activities (13.9) (15.9) (33.7)
Cash flows from investing activities:      
Cash acquired on merger 32.7    
Purchases of property and equipment (1.0) (1.3) (0.7)
Net cash provided by (used in) investing activities 31.7 (1.3) (0.7)
Cash flows from financing activities:      
Payment for Treasury shares   (0.4) (0.7)
Proceeds from issues of shares 27.0   0.7
Net cash used in financing activities   (0.4)  
Net (decrease) increase in cash and cash equivalents 17.8 (17.6) (34.4)
Cash and cash equivalents at beginning of period 53.8 74.2 89.8
Effects of exchange rate movements on cash and cash equivalents (4.8) (2.8) 18.8
Cash and cash equivalents at end of period 66.8 53.8 74.2
Supplemental cash flow disclosure:      
Proceeds from issuance of common stock on merger 27.0   0.7
Net cash used in financing activities   (0.4)  
Proceeds to settle accrued severance obligations and other accrued liabilities on merger $ 5.7 $ 0