Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

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Acquisitions (Tables)
 6 Months Ended
Dec. 31, 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 acquisitions had occurred on the date assumed, nor are they indicative of future results of operations.

 

    For the six months ended
December 31,
(in thousands)   2018
(Unaudited)		   2017
(Unaudited)
Revenues   $ 115,599     $ 83,744  
Net income     2,532       2,937
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)   $ 3,709  
Stock consideration(b)     9,436  
Total purchase price consideration, net of cash acquired   $ 13,145  
         

(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   $ 2,658  
Inventory     1,595  
Other assets     99  
Property, plant and equipment     376  
Intangible assets     3,100  
Accounts payable and accrued expenses     (734 )
Customer deposits     (398 )
Total identifiable net assets     6,696  
Goodwill     6,449  
Total   $ 13,145