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Acquisitions (Tables)
 6 Months Ended
Dec. 31, 2018
Changes in Carrying Amount of Goodwill The following summarizes changes to the goodwill balance for the six months ended December 31, 2018

 

 

 

Carrying

amount

 

Beginning balance July 1, 2018

 

$

318.6

 

Acquisitions (see Note 3)

 

 

95.1

 

Translation adjustments

 

 

(0.5

)

Ending balance December 31, 2018

 

$

413.2

 
Pro Forma Results of Acquisitions Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operation of the combined company would have been if the acquisition had occurred at the beginning of the period presented nor are they indicative of future results of operations and are not necessarily indicative of results that might have been achieved had the acquisition been consummated as of July 1, 2017.

 

 

Three months ended

 

 

Six months ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Revenue

 

$

216.8

 

 

$

221.3

 

 

$

429.3

 

 

$

430.2

 

Income from operations

 

 

6.1

 

 

 

(7.3

)

 

 

17.6

 

 

 

61.9

 

Net income

 

 

2.6

 

 

 

13.2

 

 

 

11.2

 

 

 

74.0

 

Net income  per share, basic

 

$

0.04

 

 

$

0.18

 

 

$

0.15

 

 

$

1.03

 

Net income per share, diluted

 

$

0.03

 

 

$

0.18

 

 

$

0.15

 

 

$

1.00

 

 
Counsyl Inc [Member]  
Allocation of Consideration Transferred The Company expects the allocation of the consideration transferred to be final within the measurement period (up to one year from the acquisition date).

 

 

Estimated Fair

Value

 

Current assets

 

$

42.5

 

Intangible assets

 

 

292.0

 

Equipment

 

 

18.2

 

Other assets

 

 

0.1

 

Goodwill

 

 

95.1

 

Current liabilities

 

 

(19.6

)

Long term liabilities

 

 

(0.1

)

Deferred tax liability

 

 

(7.0

)

Total fair value purchase price

 

$

421.2

 

Less: Cash acquired

 

 

(15.3

)

Total consideration transferred

 

$

405.9

 

 
Changes in Carrying Amount of Goodwill Changes in goodwill for the quarter ended December 31, 2018 are shown below:

 

 

Carrying

 

 

 

amount

 

Balance September 30, 2018

 

$

94.9

 

Fair value adjustment to equipment

 

 

0.7

 

Intangible adjustment

 

 

0.9

 

Working capital adjustment

 

 

(1.1

)

Change in deferred tax liability

 

 

(0.3

)

Ending balance December 31, 2018

 

$

95.1