GOODWILL AND INTANGIBLE ASSETS (Q3) (Tables)

9 Months Ended

12 Months Ended

Mar. 31, 2017

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of final purchase price allocation

Consideration:
Fair value of total consideration paid in cash	$	5,625
Acquisition related costs:	$	842
Recognized amounts of identifiable assets acquired and liabilities assumed:
Financial Assets:
Accounts Receivable		3
Finance Receivables		839
Other Current Assets		20
Deferred Income Taxes		18
		880
Property, Plant & Equipment		81
Identifiable Intangible Assets:
Developed Technology		639
Customer Relationships		149
Brand		95
Noncompete Agreement		2
Fair Value of Intangible Assets		885
Financial Liabilities
Accrued Liabilities	$	(50	)
Total identifiable net assets	$	1,796
Goodwill	$	3,829
Total Fair Value	$	5,625

Schedule of intangible asset balances

($ in thousands)	Balance June 30, 2016		Additions/ Adjustments			Amortization			Balance March 31, 2017		Amortization Period
Intangible Assets:
Non-compete agreements	$	1	$	—		$	(1	)	$	—	2 years
Brand		79		—			(24	)		55	3 years
Developed technology		576		—			(96	)		480	5 years
Customer relationships		142		—			(11	)		131	10 years
Total Intangible Assets	$	798	$	—		$	(132	)	$	666
Goodwill	$	11,703	$	(211	)	$	—		$	11,492	Indefinite

	Beginning		Year ended June 30, 2016						Ending
($ in thousands)	Balance		Additions/						Balance		Amortization
	July 1, 2015		Adjustments			Amortization			June 30, 2016		Period
Intangible Assets:
Trademarks - Indefinite	$	432	$	(432	)(1)	$	-		$	-	Indefinite
Non-compete agreements		-		2			(1	)		1	2 years
Brand		-		95			(16	)		79	3 years
Developed technology		-		639			(63	)		576	5 years
Customer relationships		-		149			(7	)		142	10 years
Total Intangible Assets	$	432	$	453		$	(87	)	$	798
Goodwill		7,663		4,040			-			11,703	Indefinite
Total Intangible Assets & Goodwill	$	8,095	$	4,493		$	(87	)	$	12,501

	Beginning		Year ended June 30, 2015				Ending
($ in thousands)	Balance		Additions/				Balance		Amortization
	July 1, 2014		Adjustments		Amortization		June 30, 2015		Period
Intangible assets:
Trademarks - Indefinite	$	432		-		-	$	432	Indefinite
Total Intangible Assets	$	432	$	-	$	-	$	432
Goodwill		7,663		-		-		7,663	Indefinite
Total	$	8,095	$	-	$	-	$	8,095

(1) The Company’s test for impairment of its indefinite-lived trademarks consists of the trademarks: 1) VendingMiser, 2) CoolerMiser, 3) PlugMiser and 4) SnackMiser. As a result of its testing in fiscal years ended June 30, 2015 and 2014 the Company determined that no impairment had occurred. In the testing in fiscal year 2016, the Company determined that the sum of the expected discounted cash flows attributable to the trademarks was less than its carrying value of $432 thousand, and that an impairment write-down was required. The fair value of the trademarks was determined by a method known as “relief from royalty”, in which the fair value is determined by reference to the amount of royalty income the intangible would generate if it were licensed in an arm’s-length transaction. The essential assumptions in a valuation via an income approach are as follows:

· The related dollar sales volume;

· The percentage royalty on sales;

· The adjustment for taxes;

· The remaining useful economic life;

· The percentage return on investment; and,

· The tax amortization benefit.