Business Combinations

12 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Business Combinations

(22)Business Combinations

On October 18, 2013, we acquired 100% of the outstanding shares of Mediserv sp., a distributor of equipment for the treatment of sleep disordered-breathing in Poland. 

On December 2, 2013, we acquired 100% of the outstanding shares of Unimedis, a distributor of equipment for the treatment of sleep disordered-breathing in the Czech Republic and Slovakia.

Both acquisitions have been accounted for as a business combination using purchase accounting and are included in our consolidated financial statements from their respective acquisition dates.  The acquisitionsare not considered a material business combination and accordingly pro forma information is not provided.  The acquisitions  were funded through cash on-hand and we have not incurred any material acquisition related costs

The cost of the acquisitions have been allocated to the assets acquired and liabilities assumed based on estimates of their fair values at the date of acquisition.  We completed the purchase price allocation during the quarter ended December 31, 2013.  As part of the final purchase price allocation, we recognized an intangible asset relating to customer relationships of $1.2 million, with a useful life estimated at 5 years, and goodwill of $3.2 million.  The goodwill recognized as part of these acquisitions, which is not deductible for tax purposes, mainly represents the synergies that are unique to our combined businesses and the potential for new products and services to be developed in the future.