Subsequent Events Subsequent Events (Text Block)

9 Months Ended

Mar. 31, 2016

SUBSEQUENT EVENTS

Sale of business

On April 19, 2016, the Company announced that it has entered into a definitive agreement to sell its Alogent division ("Alogent") to Antelope Acquisition Co., an affiliate of Battery Ventures. Alogent, which is included in our banking segment, provides branch deposit automation and remote deposition solutions to large financial institutions. The closing of the transaction is expected to occur by May 31, 2016. The final purchase price is subject to change based upon certain conditions present at closing, therefore the final purchase price and net gain or loss has not yet been finalized. The following table presents the aggregate carrying values of the respective asset and liability classes related to the Alogent sale:



	March 31, 2016
Carrying amounts of assets held for sale:
Receivables, net	4,770
Prepaid expenses and other	1,578
Deferred costs	3,795
Property and Equipment, Net	280
Non-current deferred costs	782
Computer software, net of amortization	9,741
Other non-current assets	4,489
Customer relationships, net of amortization	7,477
Other intangible assets, net of amortization	601
Goodwill	3,618
Total assets	$	37,131

Carrying amounts of liabilities related to assets held for sale:
Accrued expenses	2,203
Deferred revenues	16,762
Non-current deferred revenues	1,899
Non-current deferred income tax liability	7,025
Debt, net of current maturities	68
Total liabilities	27,957