Note 2. Acquisition (Tables)

6 Months Ended

Dec. 31, 2018

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation to assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date, with the excess allocated to goodwill. The goodwill is expected to be deductible for tax purposes. The fair values of the assets acquired and the liabilities assumed presented in these financial statements are preliminary and may differ from the final purchase price allocation after the net working capital adjustment is finalized and as the Company obtains additional information during the measurement period, which will end no later than one year from the acquisition date.



(Amounts in Thousands)	October 1, 2018
Receivables	$	19,947
Inventories	8,044
Prepaid expenses and other current assets	1,424
Property and Equipment	9,100
Other Intangible Assets	19,259
Other Assets	553
Goodwill	4,650
Total assets acquired	$	62,977

Borrowings under Credit Facilities	$	12,843
Accounts payable	5,186
Accrued expenses	940
Other long-term liabilities	3,884
Total liabilities assumed	$	22,853
Net assets acquired	$	40,124

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Other Intangible Assets include the estimated fair values for finite-lived intangible assets acquired and are listed in the table below along with their estimated useful lives which are being amortized on a straight-line basis.



(Amounts in Thousands)	Estimated Fair Value		Estimated useful life (years)
Software	$	379	3 to 7
Technology	$	5,060	5
Trade name	$	6,369	10
Customer relationships	$	7,451	15