Description of Business (Tables)
|
12 Months Ended |
Jun. 30, 2024 |
|---|
| LPM Group Limited |
|
| Description Of Business [Line Items] |
|
| Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed |
The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of LPM as of the Acquisition Date (in thousands):
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
37,506 |
|
|
Contingent consideration |
|
|
|
|
|
2,800 |
|
|
Common stock |
|
|
|
|
|
3,514 |
|
|
Settlement of pre-existing payables due to A-Mark |
|
|
|
|
|
398 |
|
|
Total purchase price |
|
|
|
|
$ |
44,218 |
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
5,033 |
|
|
Receivables, net |
|
|
|
|
|
4,105 |
|
|
Inventories |
|
|
|
|
|
16,807 |
|
|
Other current assets |
|
|
|
|
|
515 |
|
|
Property, plant, and equipment, net |
|
|
|
|
|
1,306 |
|
|
Trade names |
|
|
|
|
|
3,500 |
|
|
Existing customer relationships |
|
|
|
|
|
6,800 |
|
|
Other long-term assets |
|
|
|
|
|
956 |
|
|
Total identifiable assets acquired |
|
|
|
|
|
39,022 |
|
|
Accounts payable and other payables |
|
|
|
|
|
(526 |
) |
|
Deferred revenue and other advances |
|
|
|
|
|
(11,361 |
) |
|
Accrued liabilities |
|
|
|
|
|
(1,729 |
) |
|
Other liabilities |
|
|
|
|
|
(2,222 |
) |
|
Net identifiable assets acquired |
|
|
|
|
|
23,184 |
|
|
Goodwill |
|
|
|
|
|
21,034 |
|
|
Total purchase price |
|
|
|
|
$ |
44,218 |
|
|
|
| Summary of Pro forma Consolidated Results of Operations |
The following unaudited pro forma consolidated results of operations for the years ended June 30, 2024 and 2023 assumes that the acquisition of LPM occurred as of July 1, 2022 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, |
|
|
|
|
2024 |
|
|
2023 |
|
Revenues |
|
|
$ |
9,788,941 |
|
|
$ |
9,674,149 |
|
Net income |
|
|
$ |
68,469 |
|
|
$ |
158,658 |
|
|
| SGB |
|
| Description Of Business [Line Items] |
|
| Schedule of Business Acquisitions, Purchase Price and Fair values of Assets Acquired and Liabilities Assumed |
The following table summarizes the purchase price recorded and fair values of assets acquired and liabilities assumed through our acquisition of a controlling interest in SGB as of the acquisition date (in thousands):
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
9,600 |
|
|
Pre-existing equity method investment |
|
|
|
|
|
56,848 |
|
|
Option to acquire additional equity interest |
|
|
|
|
|
2,300 |
|
|
Noncontrolling interests |
|
|
|
|
|
50,652 |
|
|
Settlement of pre-existing payables due to A-Mark |
|
|
|
|
|
9,418 |
|
|
Total purchase price |
|
|
|
|
$ |
128,818 |
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
$ |
10,203 |
|
|
Receivables, net |
|
|
|
|
|
10,968 |
|
|
Inventories |
|
|
|
|
|
45,936 |
|
|
Other current assets |
|
|
|
|
|
2,246 |
|
|
Property, plant, and equipment, net |
|
|
|
|
|
2,071 |
|
|
Trade names |
|
|
|
|
|
6,512 |
|
|
Existing customer relationships |
|
|
|
|
|
13,000 |
|
|
Developed technology |
|
|
|
|
|
9,300 |
|
|
Other long-term assets |
|
|
|
|
|
5,809 |
|
|
Total identifiable assets acquired |
|
|
|
|
|
106,045 |
|
|
Product financing arrangements |
|
|
|
|
|
(24,372 |
) |
|
Accounts payable and other payables |
|
|
|
|
|
(7,205 |
) |
|
Deferred revenue and other advances |
|
|
|
|
|
(5,085 |
) |
|
Accrued liabilities |
|
|
|
|
|
(1,231 |
) |
|
Notes payable |
|
|
|
|
|
(8,367 |
) |
|
Deferred tax liability |
|
|
|
|
|
(6,624 |
) |
|
Other liabilities |
|
|
|
|
|
(2,303 |
) |
|
Net identifiable assets acquired |
|
|
|
|
|
50,858 |
|
|
Goodwill |
|
|
|
|
|
77,960 |
|
|
Total purchase price |
|
|
|
|
$ |
128,818 |
|
|
|
| Summary of Pro forma Consolidated Results of Operations |
The following unaudited pro forma consolidated results of operations for the years ended June 30, 2024 and 2023 assumes that the acquisition of a controlling interest in SGB occurred as of July 1, 2022 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, |
|
|
|
|
2024 |
|
|
2023 |
|
Revenues |
|
|
$ |
9,765,669 |
|
|
$ |
9,417,104 |
|
Net income |
|
|
$ |
46,052 |
|
|
$ |
181,458 |
|
|