BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Jun. 30, 2014

Business Acquisition [Line Items]

Schedule of total purchase price

he total purchase price for the acquisition of ATC was as follows (in thousands):

	Amount
Cash paid	$	20,670
Payoff of ATC indebtedness	1,230
Common stock placed escrow	2,400
Aggregate purchase price	$	24,300

Schedule of Pro-Forma Financial Information

The following unaudited proforma information presents the combined results of continuing operations for the years ended June 30, 2014, and June 30, 2013, as if the acquisitions had been completed on July 1, 2012. The unaudited proforma results do not reflect any material adjustments, operating efficiencies or potential cost savings that may result from the consolidation of operations but do reflect certain adjustments expected to have a continuing impact on the combined results (in thousands, except per share data).

.

	Year Ended June 30, 2014		Year Ended June 30, 2013
Revenue	$	119,853	$	109,515
Income from continuing operations	3,137		2,831
Loss from discontinued operations	—		(274		)
Net income	$	3,137	$	2,557
Income per common share for continuing operations	$	0.22	$	0.21
Loss per common share for discontinued operations	—		(0.02		)
Basic and diluted net income per common share	$	0.22	$	0.19

Advanced Tooling Concepts

Business Acquisition [Line Items]

Schedule of assets and liabilities for the reverse merger and acquisition

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of ATC at the acquisition date (in thousands).

	Amount
Cash and cash equivalents	$	1,694
Accounts receivable	1,248
Inventory	469
Other current assets	13
Property and equipment	3,976
Intangible assets	15,788
Goodwill	3,435
Current liabilities	(2,323		)
Fair value of net assets acquired	$	24,300

Advanced Forming Technology Inc

Business Acquisition [Line Items]

Schedule of assets and liabilities for the reverse merger and acquisition

To record the assets and liabilities purchased in the acquisition of AFT (in thousands):

	Amount
Cash and cash equivalents	$	735
Accounts receivable	6,236
Inventories	6,521
Prepaid and other current assets	264
Property and equipment	21,590
Other intangible assets	4,983
Goodwill	4,663
Accounts payable	(3,007		)
Accrued expenses	(1,375		)
Fair value of net assets acquired	$	40,610

Quadrant Metals Technologies LLC

Business Acquisition [Line Items]

Schedule of assets and liabilities for the reverse merger and acquisition

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of QMT at the acquisition date (in thousands).

	Amount
Cash and cash equivalents	$	10,590
Accounts receivable	1,096
Inventories	737
Prepaid and other current assets	40
Property and equipment	236
Intangible assets	109
Other assets	6
Negative goodwill resulting from the acquisition accounted for as a bargain purchase	(381		)
Accounts payable	(2,030		)
Accrued expenses	(169		)
Current portion of capital lease	(9		)
Fair value of net assets acquired	$	10,225

Kecy Acquisition

Business Acquisition [Line Items]

Schedule of assets and liabilities for the reverse merger and acquisition

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed of Kecy at the acquisition date (in thousands).

	Amount
Accounts receivable	$	3,370
Inventories	2,257
Prepaid and other current assets	49
Property and equipment	9,255
Goodwill	1,425
Intangible assets	11,396
Accounts payable	(188		)
Accrued expenses	(730		)
Fair value of net assets acquired	$	26,834