Quarterly report pursuant to Section 13 or 15(d)

Description of Business (Tables)

v3.8.0.1
Description of Business (Tables)
 6 Months Ended
Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
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

 
Business Acquisition, Pro Forma Information
The following unaudited pro forma information for the three and six months ended December 31, 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 2017:
in thousands, except for EPS
 
(Unaudited)
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2017
 
December 31, 2016
 
Pro forma revenue
 
$
1,680,735

 
$
2,156,420

 
$
3,845,686

 
$
3,998,948

 
Pro forma net (loss) income
 
$
(205
)
 
$
3,587

 
$
325

 
$
5,877

 
Pro forma basic earnings per share
 
$
(0.03
)
 
$
0.51

 
$
0.05

 
$
0.84

 
Pro forma dilutive earnings per share
 
$
(0.03
)
 
$
0.50

 
$
0.05

 
$
0.83