Acquisitions (Tables)

3 Months Ended

Sep. 30, 2019

Changes in Carrying Amount of Goodwill

The following summarizes changes to the goodwill balance for the three months ended September 30, 2019

	Carrying amount
Ending balance June 30 2019	$	417.2
Acquisitions		—
Translation adjustments		(1.1	)
Ending balance September 30, 2019	$	416.1

Counsyl Inc [Member]

Allocation of Consideration Transferred

The allocation of the consideration transferred was finalized within the measurement period (which was up to one year from the acquisition date)

	Estimated Fair Value
Current assets	$	42.5
Intangible assets		290.0
Equipment		18.2
Other assets		0.1
Goodwill		99.3
Current liabilities		(19.6	)
Long term liabilities		(0.1	)
Deferred tax liability		(9.2	)
Total fair value purchase price	$	421.2
Less: Cash acquired		(15.3	)
Total consideration transferred	$	405.9

Changes in Carrying Amount of Goodwill

Changes in goodwill since the Counsyl acquisition as of September 30, 2019 are shown below:

	Carrying
	amount
Balance September 30, 2018	$	94.9
Fair value adjustment to equipment		0.7
Intangible adjustment		2.9
Working capital adjustment		(1.1	)
Change in deferred tax liability		1.9
Balance September 30, 2019	$	99.3

Pro Forma Results of Acquisitions

Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operation of the combined company would have been if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations and are not necessarily indicative of results that might have been achieved had the acquisition been consummated as of July 1, 2017.

	Three months ended
	September 30,
	2019			2018
Revenue	$	186.3		$	212.5
Income (loss) from operations		(20.9	)		11.5
Net income (loss)		(20.6	)		8.6
Earnings (loss) per share, basic	$	(0.28	)	$	0.11
Earnings (loss) per share, diluted	$	(0.28	)	$	0.11