Quarterly report pursuant to Section 13 or 15(d)

Description of Business (Tables)

v3.8.0.1
Description of Business (Tables)
 3 Months Ended
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Business Acquisition, Pro Forma Information
The following unaudited pro forma information for the three months ended September 30, 2017 and 2016 assumes the acquisition of the net assets of Goldline, LLC occurred on July 1, 2016, that is, the first day of fiscal year 2016:
in thousands, except for EPS
 
Unaudited
 
Three Months Ended September 30,
 
2017
 
2016
 
Pro forma revenue
 
$
2,166,054

 
$
1,842,528

 
Pro forma net income
 
$
216

 
$
2,290

 
Pro from basic earnings per share
 
$
0.03

 
$
0.33

 
Pro from dilutive earnings per share
 
$
0.03

 
$
0.32

 
 
 
 
 
 
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
$9.5 million has been allocated to the acquired net assets purchased based on their fair values as follows (shown in thousands, and liability balances shown as negative amounts):
Working capital net assets:
 
 
 
 
Receivables, net
 
$
1,046

 
 
Derivative assets
 
825

 
 
Inventory
 
12,541

 
 
Prepaid expenses and other assets
 
856

 
 
Accounts payable and accrued liabilities
 
(2,616
)
 
 
Liability on borrowed metals
 
(8,949
)
 
 
Deferred income
 
(2,374
)
 
 
Subtotal
 
 
 
$
1,329

Property and equipment
 
 
 
1,769

Intangible assets (identifiable):
 
 
 
 
     Trade names
 
2,200

 
 
     Existing customer relationships
 
1,300

 
 
     Customer lead list
 
1,100

 
 
     Other
 
400

 
 
Subtotal
 
 
 
5,000

Goodwill:
 
 
 
 
Excess of cost over fair value of assets acquired
 
 
 
1,450

 
 
 
 
$
9,548