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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Mar. 31, 2017
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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

Additions/

 

 

 

 

Balance

 

Amortization

($ in thousands)

    

June 30, 2016

    

Adjustments

    

Amortization

    

March 31, 2017

    

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