Business Combination Disclosure [Text Block] | Note 2. We periodically complete business combinations that align with our business strategy. Acquisitions are accounted for using the acquisition method of accounting, which requires, among other things, that assets acquired and liabilities assumed be recognized at fair value as of the acquisition date and that the results of operations of each acquired business be included in our consolidated statements of comprehensive income from their respective dates of acquisitions. Acquisition costs are recorded in selling, general and administrative expenses as incurred. 2018 Trevigen On September 5, 2017 $10.6 not first 2018. fourth Preliminary Allocation at Acquisition Date Adjustments to Fair Value Final Opening Balance Sheet Allocation Current assets, net of cash $ 1,662 $ 1,662 Equipment and other long-term assets 154 (101 ) 53 Intangible assets: Developed technology 3,800 1,300 5,100 Trade name 1,400 (1,240 ) 160 Customer relationships 1,900 (1,640 ) 260 Goodwill 4,595 1,396 5,991 Total assets acquired 13,511 (285 ) 13,226 Liabilities 92 295 387 Deferred income taxes, net 2,785 (590 ) 2,195 Net assets acquired $ 10,634 $ 10 $ 10,644 Cash paid, net of cash acquired $ 10,634 $ 10 $ 10,644 As summarized in the table, there were adjustments totaling $1.4 December 31, 2017 Tangible assets acquired, net of liabilities assumed, were recorded at fair value on the date of close based on management's assessment. The purchase price allocated to developed technology, trade names, and customer relationships was based on management's forecasted cash inflows and outflows and using a relief-from-royalty and a multi-period excess earnings method to calculate the fair value of assets purchased. The developed technology is being amortized with the expense reflected in cost of goods sold in the Consolidated Statement of Earnings and Comprehensive Income. Amortization expense related to trade names, and customer relationships is reflected in selling, general and administrative expenses in the Consolidated Statement of Earnings and Comprehensive Income. The amortization periods for intangible assets acquired in fiscal 2018 13 11 1.5 not Atlanta Biologicals On January 2, 2018 $51.3 not third 2018. fourth Preliminary Allocation at Acquisition Date Adjustments to Fair Value Final Opening Balance Sheet Allocation Current assets, net of cash $ 18,678 $ (2,956 ) $ 15,722 Equipment and other long-term assets 4,348 553 4,901 Intangible assets: Developed technology 9,000 14,700 23,000 Trade name 1,000 1,300 2,300 Customer relationships 1,500 1,400 3,600 Goodwill 21,695 (11,500 ) 10,195 Total assets acquired 56,221 3,497 59,718 Liabilities 90 - 90 Deferred income taxes, net 4,845 3,509 8,354 Net assets acquired $ 51,286 $ (12 ) $ 51,274 Cash paid, net of cash acquired $ 51,286 $ (12 ) $ 51,274 As summarized in the table, there were adjustments totaling $11.5 Tangible assets acquired, net of liabilities assumed, were recorded at fair value on the date of close based on management's assessment. The purchase price allocated to developed technology, trade names, and customer relationships was based on management's forecasted cash inflows and outflows and using a relief-from-royalty and a multi-period excess earnings method to calculate the fair value of assets purchased. The developed technology is being amortized with the expense reflected in cost of goods sold in the Consolidated Statement of Earnings and Comprehensive Income. Amortization expense related to trade names, and customer relationships is reflected in selling, general and administrative expenses in the Consolidated Statement of Earnings and Comprehensive Income. The amortization periods for intangible assets acquired in fiscal 2018 13 12 15 not Eurocell Diagnostics On February 1, 2018, the Company $7.3 $6.0 $1.3 February 1, 2019. not third 2018. fourth Preliminary Allocation at Acquisition Date Adjustments to Fair Value Final Opening Balance Sheet Allocation Current assets, net of cash $ 512 $ - $ 512 Equipment and other long-term assets 188 - 188 Intangible assets: Customer relationships 6,272 - 6,272 Goodwill 113 2,797 2,910 Total assets acquired 7,085 2,797 9,882 Liabilities 483 - 483 Deferred income taxes, net 2,070 - 2,070 Net assets acquired $ 4,532 $ 2,797 $ 7,329 Cash paid, net of cash acquired $ 3,136 $ 2,797 $ 5,933 Consideration payable $ 1,396 $ - $ 1,396 As summarized in the table, there were adjustments totaling $2.8 Tangible assets acquired, net of liabilities assumed, were recorded at fair value on the date of close based on management's assessment. The purchase price allocated to customer relationships was based on management's forecasted cash inflows and outflows using a multi-period excess earnings method to calculate the fair value of assets purchased. Amortization expense related customer relationships is reflected in selling, general and administrative expenses in the Consolidated Statement of Earnings and Comprehensive Income. The amortization period for customer relationships acquired in fiscal 2018 7 not 2017 Advanced Cell Diagnostics (ACD) On August 1, 2016, $258.0 $75.0 â—Ź $25.0 2016 $30.0 â—Ź an additional $50.0 2017 $45.0 The Company paid approximately $247.0 $11.0 18 March 31, 2018. $3.6 $11.0 $7.4 June 30, 2017. During the third 2017, 2016 third 2018, 2017 4 June 30, 2018 2017. The goodwill recorded as a result of the ACD acquisition represents the strategic benefits of growing the Company's product portfolio and the expected revenue growth from increased market penetration from future products and customers. The goodwill is not first 2017. As previously disclosed, ACD was acquired on August 1, 2016. 2016. not not 2016. Year Ended June 30, 2017 2016 Net sales $ 564,220 $ 523,840 Net income 99,380 110,536 Space Import-Export, Srl On July 1, 2016, $9.0 $6.7 $2.3 first 2018. not first 2017. 2016 Zephyrus Biosciences, Inc. On March 14, 2016, $8.0 $7.0 first first not In connection with the Zephyrus acquisition, the Company recorded $7.4 not first 2017, first not The acquisition included contingent payments up to $7.0 $3.5 10 3 March 14, 2019) $3.5 $3.0 4.5 September 14, 2020). $3.5 third 2017 tenth $3.5 fourth 2018 $3.0 4 June 30, 2018 2017. The goodwill recorded as a result of the Zephyrus acquisition represents the strategic benefits of growing the Company's product portfolio and the expected revenue growth from increased market penetration from future products and customers. The goodwill is not Cliniqa Corporation On July 8, 2015, $82.9 The goodwill recorded as a result of the Cliniqa acquisition represents the strategic benefits of growing the Company's product portfolio and the expected revenue growth from increased market penetration from future products and customers. The goodwill is not The aggregate purchase price of the acquisitions was allocated to the assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as a result of the fiscal year 2017 2016 ACD Space Zephyrus Cliniqa Current assets, net of cash $ 15,824 $ 2,128 56 11,926 Equipment 2,757 159 32 1,436 Other long-term assets 3,812 - - 58 Intangible Assets: Developed technology 150,000 - 8,300 18,000 Trade name 21,900 - - 1,100 Customer relationships 6,300 6,769 - 27,000 Goodwill 143,967 3,517 8,686 42,669 Total assets acquired 344,560 12,573 17,074 102,189 Liabilities 4,179 1,445 53 1,508 Deferred income taxes, net 52,743 2,125 2,521 17,793 Net assets acquired $ 287,638 $ 9,003 $ 14,500 $ 82,888 Cash paid, net of cash acquired $ 247,038 $ 6,747 8,000 82,888 Consideration payable 3,600 2,256 - - Contingent consideration payable 37,000 - 6,500 - Net assets acquired $ 287,638 $ 9,003 $ 14,500 $ 82,888 Tangible assets acquired, net of liabilities assumed, were stated at fair value at the date of acquisition based on management's assessment. The purchase price allocated to developed technology, trade names, non-compete agreements and customer relationships was based on management's forecasted cash inflows and outflows and using a relief-from-royalty and a multi-period excess earnings method to calculate the fair value of assets purchased. The developed technology is being amortized with the expense reflected in cost of goods sold in the Consolidated Statements of Earnings and Comprehensive Income. Amortization expense related to trade names, the non-compete agreement and customer relationships is reflected in selling, general and administrative expenses in the Consolidated Statements of Earnings and Comprehensive Income. The deferred income tax liability represents the estimated future impact of adjustments for the cost to be recognized upon the sale of acquired inventory that was written up to fair value and intangible asset amortization, both of which are not |