Quarterly report pursuant to Section 13 or 15(d)

Description of Business (Tables)

v3.8.0.1
Description of Business (Tables)
 9 Months Ended
Mar. 31, 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
 
$
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

 
Unaudited pro-forma information
The following unaudited pro-forma information for the three and nine months ended March 31, 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)
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
March 31, 2018
 
March 31, 2017
 
March 31, 2018
 
March 31, 2017
 
Pro-forma revenue
 
$
1,994,963

 
$
1,747,526

 
$
5,840,648

 
$
5,746,474

 
Pro-forma net (loss) income
 
$
(633
)
 
$
276

 
$
(307
)
 
$
6,152

 
Pro-forma basic (loss) earnings per share
 
$
(0.09
)
 
$
0.04

 
$
(0.04
)
 
$
0.88

 
Pro-forma dilutive (loss) earnings per share
 
$
(0.09
)
 
$
0.04

 
$
(0.04
)
 
$
0.86