Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)
3 Months Ended
Sep. 30, 2018
Business Acquisition [Line Items]  
Schedule of Supplemental Pro Forma Results of Operations

These unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the Company would have been if the ILS Acquisition and SEI Acquisition had occurred on the date assumed, nor are they indicative of future results of operations.


    For the three months ended
September 30,
(in thousands)   2018
Revenues   $ 48,557     $ 32,591  
Net income     963       767  
SEI Technical Services [Member]  
Business Acquisition [Line Items]  
Schedule of Purchase Price

The computation of the purchase price consideration and the preliminary allocation of the consideration to the net assets acquired are presented in the following tables (in thousands):


Purchase price consideration:      
Cash consideration, net of cash acquired(a)   $ 3,711  
Stock consideration(b)     9,436  
Total purchase price consideration, net of cash acquired   $ 13,147  

(a)Includes $6,500,000 paid net of $2.8 million of cash acquired.

(b)Calculated as 209,678 shares of the Company’s common stock, multiplied by $45.00, the closing price of the Company’s common stock on the closing date.

Schedule of Allocation of Purchase Price Consideration

Allocation of purchase price consideration:      
Accounts receivable   $ 2,753  
Inventory     1,595  
Other assets     99  
Property, plant and equipment     372  
Intangible assets     3,100  
Accounts payable and accrued expenses     (509 )
Customer deposits     (398 )
Total identifiable net assets     7,012  
Goodwill     6,135  
Total   $ 13,147