Acquisitions |
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| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions | Note 4 – Acquisitions Fiscal 2026 ARKA Group L.P. On March 9, 2026, CACI acquired all of the equity interests of ARKA Group L.P. (ARKA) for purchase consideration of $2,642.7 million, net of cash acquired, subject to post closing adjustments. This acquisition will enhance CACI’s ability to deliver advanced technology for its national security customers in the space domain. The Company funded the acquisition from increased borrowings and cash on hand. As of June 30, 2026, the Company has not finalized the determination of fair values allocated to various assets and liabilities, and the purchase consideration allocation is subject to change as the Company continues to obtain and assess relevant information that existed as of the acquisition date. During fiscal 2026, the Company adjusted the preliminary purchase consideration allocation resulting in a $21.0 million net increase to goodwill. The primary measurement period adjustments included: $35.0 million net decrease to intangible assets; $25.0 million net increase to property and equipment; $11.0 million net decrease to unbilled accounts receivable. The adjusted preliminary allocation of the total estimated purchase consideration is as follows (in thousands):
The following table summarizes the preliminary fair value attributed to intangible assets as of June 30, 2026 and the related weighted-average useful lives as of the acquisition date (dollars in thousands):
The fair value attributed to the intangible assets acquired was based on assumptions and other information compiled by management, including independent valuations that utilized established valuation techniques. The customer relationships intangible assets were valued using the excess earnings method (income approach) in which the value is derived from an estimation of the after-tax cash flows specifically attributable to the intangible asset being valued. Assumptions in this analysis included projections of revenues and expenses, tax rates, contributory asset charges, and discount rates. The developed technology asset was valued using the relief from royalty method (income approach) in which the value is derived by estimation of the after-tax royalty savings attributable to owning the developed technology asset. Assumptions in this analysis included projections of revenues, royalty rates representing costs avoided due to ownership of the developed technology asset, discount rates, and future obsolescence of the technology. Goodwill reflects benefits that are not separately identifiable from net tangible and intangible assets acquired, including new customers and platforms, technologies, and the assembled workforce. Of the value attributed to goodwill and intangible assets, $1,722.1 million is deductible for income tax purposes. The Company entered into a commitment letter (the Commitment Letter), dated December 19, 2025, with Wells Fargo Bank, National Association, for a senior secured bridge loan facility in an aggregate principal amount of up to $1,300.0 million. The Commitment Letter remained undrawn and was terminated on March 9, 2026 upon consummation of the acquisition. Commitment fees incurred for the twelve months ended June 30, 2026 were $3.3 million. Datalynx Limited On February 17, 2026, CACI Limited acquired Datalynx Limited (Datalynx) for $10.7 million, net of cash acquired, which includes initial cash payments, deferred consideration, and a working capital payment. Datalynx provides specialist data and cloud migration services in mission-critical environments to government clients. The Company preliminarily recognized goodwill and intangible assets of $11.1 million and $3.5 million, respectively. During fiscal 2026, combined post-acquisition revenues and net income for ARKA and Datalynx were $166.8 million and $17.4 million, respectively, including the impact of $26.0 million of intangible amortization. Pro forma results of operations for these acquisitions were determined to be not material relative to the Company’s consolidated results of operations. Total acquisition-related costs of $22.5 million were reported in indirect costs and selling expenses. Fiscal 2025 During fiscal 2025, the Company completed three acquisitions with an aggregate purchase consideration of $1,681.9 million, net of cash acquired, which includes initial cash payments, deferred consideration, and estimated contingent consideration. The Company recognized fair values of the assets acquired and liabilities assumed and allocated $850.5 million to goodwill and $740.4 million to intangible assets. Total acquisition-related costs were $14.1 million for the twelve months ended June 30, 2025. Fiscal 2024 During fiscal 2024, the Company completed three acquisitions with an aggregate purchase consideration of $108.6 million, net of cash acquired, which includes initial cash payments, deferred consideration, and estimated contingent consideration. The Company recognized fair values of the assets acquired and liabilities assumed and allocated $70.0 million to goodwill and $40.1 million to intangible assets.
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