Consolidated Statements of Cash Flows - USD ($)
$ in Millions |
7 Months Ended |
12 Months Ended |
Jun. 30, 2015 |
Feb. 01, 2015 |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Cash flows from operating activities: |
|
|
|
|
| Net income (loss) |
$ (24.3)
|
|
$ 4.4
|
$ (3.4)
|
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
|
|
| Amortization of intangible assets |
26.4
|
|
73.6
|
67.2
|
| Depreciation of property and equipment in operating expenses |
3.8
|
|
8.2
|
8.8
|
| Depreciation of property and equipment in cost of revenue |
1.9
|
|
5.4
|
5.7
|
| Provision for sales returns and credit losses |
0.2
|
|
2.0
|
1.5
|
| Amortization of debt issuance costs |
2.7
|
|
6.5
|
7.6
|
| Loss on extinguishment of debt |
0.7
|
|
28.5
|
9.7
|
| Loss on disposal of business |
0.0
|
|
0.0
|
6.8
|
| Noncash lease income |
(2.0)
|
|
(3.7)
|
(5.0)
|
| Share-based compensation expense |
1.0
|
|
10.2
|
2.2
|
| Deferred income tax expense (benefit) |
(13.0)
|
|
(17.6)
|
(19.6)
|
| Excess tax benefits on share-based compensation |
0.0
|
|
0.0
|
0.0
|
| Other |
0.4
|
|
0.4
|
0.0
|
| Change in assets and liabilities, net of acquisitions and dispositions: |
|
|
|
|
| Unbilled and accounts receivable |
6.4
|
|
(98.4)
|
(37.6)
|
| Inventory |
(13.0)
|
|
20.6
|
(4.5)
|
| Prepaid expenses and other assets |
10.3
|
|
(20.6)
|
13.5
|
| Accounts payable – trade |
(13.9)
|
|
(31.9)
|
21.7
|
| Accrued expenses and other liabilities |
10.8
|
|
63.4
|
11.5
|
| Net cash provided by (used in) operating activities |
(1.6)
|
|
51.0
|
86.1
|
| Cash flows from investing activities: |
|
|
|
|
| Acquisition of businesses, net of cash and cash equivalents acquired |
(645.8)
|
|
0.0
|
(251.3)
|
| Proceeds from collection of escrow related to acquisition of business |
0.0
|
|
0.6
|
0.0
|
| Proceeds from disposition of business |
0.0
|
|
0.0
|
36.3
|
| Additions of equipment under sales-type and direct financing leases |
(33.6)
|
|
(100.1)
|
(95.4)
|
| Proceeds from collection of financing receivables |
5.8
|
|
9.8
|
6.5
|
| Additions to equipment under operating leases |
(0.2)
|
|
(2.0)
|
(2.7)
|
| Proceeds from disposition of equipment under operating leases |
0.3
|
|
1.5
|
1.0
|
| Purchases of property and equipment |
(5.4)
|
|
(11.4)
|
(16.4)
|
| Net cash used in investing activities |
(678.9)
|
|
(101.6)
|
(322.0)
|
| Cash flows from financing activities: |
|
|
|
|
| Proceeds from initial public offering, net of underwriter discounts and commissions |
0.0
|
|
247.5
|
0.0
|
| Payments of initial public offering costs |
0.0
|
|
(7.2)
|
0.0
|
| Proceeds from issuance of common stock |
337.8
|
|
0.0
|
0.0
|
| Proceeds from issuance of common stock under share-based compensation plans |
0.0
|
|
1.1
|
0.0
|
| Repurchases of common stock |
0.0
|
|
0.0
|
(0.1)
|
| Payments of future consideration on acquisitions |
0.0
|
|
0.0
|
(10.3)
|
| Excess tax benefits on share-based compensation |
0.0
|
|
0.0
|
0.0
|
| Deferred financing costs |
(27.1)
|
|
0.0
|
(1.2)
|
| Proceeds from the discounting of financing receivables |
44.6
|
|
108.6
|
86.4
|
| Retirements of discounted financing receivables |
(4.3)
|
|
(5.0)
|
(4.2)
|
| Net borrowings (repayments) on the receivables securitization facility |
(40.0)
|
|
(5.0)
|
5.0
|
| Borrowings of senior and subordinated notes |
400.0
|
|
0.0
|
0.0
|
| Repayments of senior and subordinated notes |
0.0
|
|
(230.8)
|
(66.3)
|
| Borrowings of term loans, net of original issue discount |
582.0
|
|
0.0
|
306.6
|
| Repayments of term loans |
(575.0)
|
|
(105.7)
|
(156.2)
|
| Net borrowings (repayments) on the floor plan facility |
50.8
|
|
41.6
|
20.9
|
| Net cash provided by (used in) financing activities |
768.8
|
|
45.1
|
180.6
|
| Net increase (decrease) in cash and cash equivalents |
88.3
|
|
(5.5)
|
(55.3)
|
| Beginning of the period |
|
|
33.0
|
88.3
|
| End of the period |
88.3
|
|
27.5
|
33.0
|
| Cash paid (received) during the period for: |
|
|
|
|
| Interest |
26.1
|
|
75.7
|
74.0
|
| Income taxes, net of refunds |
(6.4)
|
|
3.3
|
23.7
|
| Reduction of discounted lease assets and liabilities |
$ 26.1
|
|
$ 89.6
|
$ 82.8
|
| Predecessor [Member] |
|
|
|
|
| Cash flows from operating activities: |
|
|
|
|
| Net income (loss) |
|
$ (5.1)
|
|
|
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |
|
|
|
|
| Amortization of intangible assets |
|
18.3
|
|
|
| Depreciation of property and equipment in operating expenses |
|
4.1
|
|
|
| Depreciation of property and equipment in cost of revenue |
|
2.5
|
|
|
| Provision for sales returns and credit losses |
|
1.1
|
|
|
| Amortization of debt issuance costs |
|
2.4
|
|
|
| Loss on extinguishment of debt |
|
7.5
|
|
|
| Loss on disposal of business |
|
0.0
|
|
|
| Noncash lease income |
|
(5.9)
|
|
|
| Share-based compensation expense |
|
20.1
|
|
|
| Deferred income tax expense (benefit) |
|
3.5
|
|
|
| Excess tax benefits on share-based compensation |
|
(7.5)
|
|
|
| Other |
|
0.3
|
|
|
| Change in assets and liabilities, net of acquisitions and dispositions: |
|
|
|
|
| Unbilled and accounts receivable |
|
(40.5)
|
|
|
| Inventory |
|
8.7
|
|
|
| Prepaid expenses and other assets |
|
(12.0)
|
|
|
| Accounts payable – trade |
|
56.4
|
|
|
| Accrued expenses and other liabilities |
|
20.6
|
|
|
| Net cash provided by (used in) operating activities |
|
74.5
|
|
|
| Cash flows from investing activities: |
|
|
|
|
| Acquisition of businesses, net of cash and cash equivalents acquired |
|
0.0
|
|
|
| Proceeds from collection of escrow related to acquisition of business |
|
0.0
|
|
|
| Proceeds from disposition of business |
|
0.0
|
|
|
| Additions of equipment under sales-type and direct financing leases |
|
(76.0)
|
|
|
| Proceeds from collection of financing receivables |
|
14.0
|
|
|
| Additions to equipment under operating leases |
|
(1.3)
|
|
|
| Proceeds from disposition of equipment under operating leases |
|
0.6
|
|
|
| Purchases of property and equipment |
|
(8.6)
|
|
|
| Net cash used in investing activities |
|
(71.3)
|
|
|
| Cash flows from financing activities: |
|
|
|
|
| Proceeds from initial public offering, net of underwriter discounts and commissions |
|
0.0
|
|
|
| Payments of initial public offering costs |
|
0.0
|
|
|
| Proceeds from issuance of common stock |
|
0.0
|
|
|
| Proceeds from issuance of common stock under share-based compensation plans |
|
0.0
|
|
|
| Repurchases of common stock |
|
0.0
|
|
|
| Payments of future consideration on acquisitions |
|
(5.6)
|
|
|
| Excess tax benefits on share-based compensation |
|
7.5
|
|
|
| Deferred financing costs |
|
0.0
|
|
|
| Proceeds from the discounting of financing receivables |
|
65.6
|
|
|
| Retirements of discounted financing receivables |
|
(3.2)
|
|
|
| Net borrowings (repayments) on the receivables securitization facility |
|
40.0
|
|
|
| Borrowings of senior and subordinated notes |
|
0.0
|
|
|
| Repayments of senior and subordinated notes |
|
0.0
|
|
|
| Borrowings of term loans, net of original issue discount |
|
0.0
|
|
|
| Repayments of term loans |
|
(80.0)
|
|
|
| Net borrowings (repayments) on the floor plan facility |
|
(29.0)
|
|
|
| Net cash provided by (used in) financing activities |
|
(4.7)
|
|
|
| Net increase (decrease) in cash and cash equivalents |
|
(1.5)
|
|
|
| Beginning of the period |
|
8.5
|
|
|
| End of the period |
|
7.0
|
|
|
| Cash paid (received) during the period for: |
|
|
|
|
| Interest |
|
24.7
|
|
|
| Income taxes, net of refunds |
|
14.6
|
|
|
| Reduction of discounted lease assets and liabilities |
|
$ 40.1
|
|
|