Acquisitions (Tables)
|
12 Months Ended |
Jun. 30, 2025 |
|---|
| Business Combination [Table] |
|
| Schedule of Pro Forma Adjustment |
the estimated income tax effect on the pro forma adjustments (in thousands):
|
|
|
|
|
|
|
Year Ended
June 30, 2024 |
|
Revenues |
|
$ |
482,714 |
|
Net Loss |
|
$ |
(28,093 |
) |
|
| MGM [Member] |
|
| Business Combination [Table] |
|
| Schedule of the Estimated Fair Value of the Assets Acquired and the Liabilities |
The following table includes the estimated fair value of the assets acquired and the liabilities assumed (in thousands):
|
|
|
|
|
|
|
MGM |
|
Assets acquired: |
|
|
|
Cash and cash equivalents |
|
$ |
8,422 |
|
Accounts receivable |
|
|
40,163 |
|
Inventory |
|
|
47,230 |
|
Prepaid and other current assets |
|
|
8,212 |
|
Total current assets |
|
|
104,027 |
|
Property and equipment |
|
|
10,492 |
|
Operating lease right of use assets |
|
|
2,702 |
|
Goodwill |
|
|
216,733 |
|
Other Intangible assets: |
|
|
|
Customer relationships |
|
|
68,720 |
|
Trade names |
|
|
49,640 |
|
Backlog |
|
|
15,810 |
|
Noncompete agreements |
|
|
3,110 |
|
Total assets acquired |
|
|
471,234 |
|
Liabilities assumed: |
|
|
|
Accounts payable |
|
|
(4,019 |
) |
Accrued expenses |
|
|
(13,922 |
) |
Deferred revenue |
|
|
(2,205 |
) |
Operating lease liabilities, current portion |
|
|
(419 |
) |
Total current liabilities |
|
|
(20,565 |
) |
Deferred tax liability |
|
|
(23,669 |
) |
Operating lease liabilities, less current portion |
|
|
(2,283 |
) |
Total liabilities assumed |
|
|
(46,517 |
) |
Net assets acquired |
|
$ |
424,717 |
|
|
| PwrQ [Member] |
|
| Business Combination [Table] |
|
| Schedule of the Estimated Fair Value of the Assets Acquired and the Liabilities |
The following table includes the estimated fair value of the assets acquired and the liabilities assumed (in thousands):
|
|
|
|
|
|
|
PwrQ |
|
Assets acquired: |
|
|
|
Cash and cash equivalents |
|
$ |
20,125 |
|
Accounts receivable |
|
|
21,965 |
|
Inventory |
|
|
8,551 |
|
Prepaid and other current assets |
|
|
7,612 |
|
Total current assets |
|
|
58,253 |
|
Property and equipment |
|
|
933 |
|
Operating lease right of use assets |
|
|
2,545 |
|
Goodwill |
|
|
44,709 |
|
Other Intangible assets: |
|
|
|
Customer relationships |
|
|
27,700 |
|
Trade names |
|
|
3,200 |
|
Backlog |
|
|
2,700 |
|
Noncompete agreements |
|
|
4,000 |
|
Total assets acquired |
|
|
144,040 |
|
Liabilities assumed: |
|
|
|
Accounts payable |
|
|
(7,232 |
) |
Accrued expenses |
|
|
(5,274 |
) |
Deferred revenue |
|
|
(23,136 |
) |
Operating lease liabilities, current portion |
|
|
(621 |
) |
Total current liabilities |
|
|
(36,263 |
) |
Deferred tax liability |
|
|
(2,884 |
) |
Operating lease liabilities, less current portion |
|
|
(1,924 |
) |
Total liabilities assumed |
|
|
(41,071 |
) |
Net assets acquired |
|
$ |
102,969 |
|
|
| States [Member] |
|
| Business Combination [Table] |
|
| Schedule of the Estimated Fair Value of the Assets Acquired and the Liabilities |
The following table includes the estimated fair value of the assets acquired and the liabilities assumed (in thousands):
|
|
|
|
|
|
|
States |
|
Assets acquired: |
|
|
|
Cash and cash equivalents |
|
$ |
179 |
|
Accounts receivable |
|
|
2,266 |
|
Inventory |
|
|
16,793 |
|
Prepaid and other current assets |
|
|
150 |
|
Total current assets |
|
|
19,388 |
|
Property and equipment |
|
|
4,212 |
|
Operating lease right of use assets |
|
|
2,464 |
|
Goodwill |
|
|
25,053 |
|
Other Intangible assets: |
|
|
|
Customer relationships |
|
|
13,234 |
|
Trade names |
|
|
21,156 |
|
Backlog |
|
|
6,857 |
|
Noncompete agreements |
|
|
346 |
|
Total assets acquired |
|
|
92,710 |
|
Liabilities assumed: |
|
|
|
Accounts payable |
|
|
(3,176 |
) |
Accrued expenses |
|
|
(1,174 |
) |
Deferred revenue |
|
|
(17,569 |
) |
Operating lease liabilities, current portion |
|
|
(327 |
) |
Total current liabilities |
|
|
(22,246 |
) |
Operating lease liabilities, less current portion |
|
|
(1,976 |
) |
Total liabilities assumed |
|
|
(24,222 |
) |
Net assets acquired |
|
$ |
68,488 |
|
|
| VanTran [Member] |
|
| Business Combination [Table] |
|
| Schedule of the Estimated Fair Value of the Assets Acquired and the Liabilities |
The following table includes the estimated fair value of the assets acquired and the liabilities assumed (in thousands):
|
|
|
|
|
|
|
VanTran |
|
Assets acquired: |
|
|
|
Cash and cash equivalents |
|
$ |
53,079 |
|
Accounts receivable |
|
|
12,272 |
|
Inventory |
|
|
7,630 |
|
Prepaid and other current assets |
|
|
2,751 |
|
Total current assets |
|
|
75,732 |
|
Property and equipment |
|
|
12,861 |
|
Operating lease right of use assets |
|
|
2,855 |
|
Goodwill |
|
|
230,134 |
|
Other Intangible assets: |
|
|
|
Customer relationships |
|
|
103,548 |
|
Trade names |
|
|
51,583 |
|
Backlog |
|
|
43,087 |
|
Noncompete agreements |
|
|
1,398 |
|
Total assets acquired |
|
|
521,198 |
|
|
|
|
|
|
|
|
VanTran |
|
Liabilities assumed: |
|
|
|
Accounts payable |
|
|
(4,499 |
) |
Accrued expenses |
|
|
(5,446 |
) |
Deferred revenue |
|
|
(38,977 |
) |
Operating lease liabilities, current portion |
|
|
(199 |
) |
Total current liabilities |
|
|
(49,121 |
) |
Deferred tax liability |
|
|
(36,707 |
) |
Operating lease liabilities, less current portion |
|
|
(2,656 |
) |
Total liabilities assumed |
|
|
(88,484 |
) |
Net assets acquired |
|
$ |
432,714 |
|
|