Annual report pursuant to Section 13 and 15(d)

Description of Business (Tables)

v3.10.0.1
Description of Business (Tables)
 12 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of purchase price allocation
The Revised Provisional Purchase Price of $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
 
$
605

 
 
 
Derivative assets
 
825

 
 
 
Inventory
 
12,403

 
 
 
Prepaid expenses and other assets
 
856

 
 
 
Accounts payable and accrued liabilities
 
(2,111
)
 
 
 
Liability on borrowed metals
 
(8,949
)
 
 
 
Deferred income
 
(2,284
)
 
 
 
Subtotal
 
 
 
$
1,345

 
Property and equipment
 
 
 
1,806

 
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
 
 
 
1,364

(1) 
 
 
 
 
$
9,515

 
_________________________________
(1)    During the fourth quarter of fiscal 2018, the Company adjusted its estimate of Revised Provisional Purchase Price, which included $86 decrease in the gross carrying amount of the acquired goodwill from $1,450 to $1,364.
Unaudited pro-forma information
The following unaudited pro-forma information for the years ended June 30, 2018 and 2017 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)
 
Years Ended June 30,
 
June 30, 2018
 
June 30, 2017
 
Pro-forma revenue
 
$
7,607,405

 
$
7,090,784

 
Pro-forma net (loss) income
 
$
(3,341
)
 
$
6,917

 
Pro-forma basic (loss) earnings per share
 
$
(0.48
)
 
$
0.98

 
Pro-forma dilutive (loss) earnings per share
 
$
(0.48
)
 
$
0.97