Acquisitions (Tables)

9 Months Ended

Mar. 31, 2018

Business Acquisition [Line Items]

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 Tri-State Acquisition and AA Acquisition, as if the Company had completed the Tri-State Acquisition, AA Acquisition and related financing (as described in Note 5) on July 1, 2016, but using the preliminary estimates of the fair values of the assets acquired and liabilities assumed as of the respective closing dates of the acquisitions. 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 Tri-State Acquisition, AA Acquisition and related financing had occurred on the date assumed, nor are they indicative of future results of operations.

	For the nine months ended March 31,
(in thousands)	2018 (Unaudited)		2017 (Unaudited)
Revenues	$	132,631	$	108,858
Net income		5,013		5,732

Tri-State 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:
Cash consideration, net of cash acquired(a)	$	6,177
Stock consideration(b)		9,028
Total purchase price, net of cash acquired	$	15,205

^(a)Includes $7,952,000 paid at closing (inclusive of a preliminary working capital adjustment) net of $1.8 million of cash acquired.

^(b)Calculated as 338,115 shares of the Company’s common stock, multiplied by $26.70, 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 (in thousands):
Accounts receivable	$	3,416
Inventory		2,747
Other assets		1,565
Property, plant and equipment		806
Intangible assets		5,200
Accounts payable and accrued expenses		(2,220	)
Customer deposits		(1,289	)
Total identifiable net assets		10,225
Goodwill		4,980
Total	$	15,205

AA Acquisition [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:
Cash consideration, net of cash acquired(a)	$	7,175
Stock consideration(b)		12,349
Total purchase price, net of cash acquired	$	19,524

^(a)Includes $8,119,000 paid at closing (inclusive of a preliminary working capital adjustment) net of $0.9 million of cash acquired.

^(b)Calculated as 348,360 shares of common stock, multiplied by $35.45, 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 (in thousands):
Accounts receivable	$	2,834
Inventory		2,833
Other assets		2,950
Property, plant and equipment		771
Intangible assets		4,300
Accounts payable and accrued expenses		(1,197	)
Customer deposits		(285	)
Total identifiable net assets		12,206
Goodwill		7,318
Total	$	19,524