Acquisition (Tables)

6 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Schedule of Purchase Price

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

Purchase price:
Cash Consideration, net of cash acquired(a)	$	13,394
Stock Consideration(b)		16,053
Total purchase price, net of cash acquired	$	29,447

^(a)Includes $18.5 million paid at closing (inclusive of a preliminary working capital adjustment) and an estimated post-closing working capital adjustment of $156,000 net of $5.1 million of cash acquired.

Schedule of Allocation of Purchase Price Consideration

Allocation of purchase price consideration (in thousands):
Accounts receivable	$	8,597
Inventory		3,429
Other assets		2,693
Property, plant and equipment		879
Intangible assets		6,464
Accounts payable and accrued expenses		(6,549	)
Customer deposits		(4,247	)
Billings in excess of costs on uncompleted contracts		(3,888	)
Total identifiable net assets		7,378
Goodwill		22,069
Total	$	29,447

Schedule of Supplemental Pro Forma Results of Operations

The following unaudited supplemental pro forma information presents the results of operations of the Company, after giving effect to the Western State Design Acquisition, as if the Company had completed the Western State Design Acquisition and related financing transactions on July 1, 2015, but using the preliminary estimates of the fair values of the assets acquired and liabilities assumed as of the Closing Date. 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 Western State Design Acquisition had occurred on the date assumed, nor are they indicative of future results of operations.

	For the six months ended December 31,
(in thousands)	2016 (Unaudited)		2015 (Unaudited)
Revenues	$	59,507	$	49,182
Net income		2,557		1,689