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REVENUE, DEFERRED REVENUE AND DEFERRED COMMISSIONS (Tables) | 3 Months Ended
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Oct. 31, 2017
Revenue Recognition and Deferred Revenue [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | Select condensed consolidated balance sheet line items, which reflects the adoption of ASC 606, are as follows:
Balance Sheet: | As of July 31, 2017
| As Previously Reported |  | Impact of Adoption |  | As Adjusted
| (in thousands)
Assets |  |  |  |  |
Deferred commissions - current | $ | 27,679 |  |  | $ | (3,836 | ) | (1) | $ | 23,843 |
Deferred commissions - non-current | 33,709 |  |  | 15,975 |  | (1) | 49,684 |
Total deferred commissions | $ | 61,388 |  |  | $ | 12,139 |  |  | $ | 73,527 |
Liabilities |  |  |  |  |
Deferred revenue - current | $ | 233,498 |  |  | $ | (63,375 | ) | (2) | $ | 170,123 |
Deferred revenue - non-current | 292,573 |  |  | (93,640 | ) | (2) | 198,933 |
Total deferred revenue | $ | 526,071 |  |  | $ | (157,015 | ) |  | $ | 369,056 |
Accrued expenses and other current liabilities | $ | 9,414 |  |  | $ | 293 |  | (3) | $ | 9,707 |
Stockholders' equity | $ | 48,202 |  |  | $ | 168,861 |  |  | $ | 217,063 |
_______________________ (1) Impact of cumulative change in commissions expense (2) Impact of cumulative change in revenue (3) Impact of cumulative change in provision for income taxes Select unaudited condensed consolidated statement of operations line items, which reflects the adoption of ASC 606, are as follows:
| Three Months Ended October 31, 2016
| As Previously Reported |  | Impact of Adoption |  | As Adjusted
Revenue | (in thousands, except per share data)
Product | $ | 129,657 |  |  | $ | 23,879 |  |  | $ | 153,536 |
Support and other services | 37,152 |  |  | (2,127 | ) |  | 35,025 |
Total revenue | $ | 166,809 |  |  | $ | 21,752 |  |  | $ | 188,561 |
Gross profit | $ | 97,047 |  |  | $ | 21,752 |  |  | $ | 118,799 |
Operating expenses |  |  |  |  |
Sales and marketing expenses | $ | 128,775 |  |  | $ | (150 | ) |  | $ | 128,625 |
Loss from operations | $ | (136,381 | ) |  | $ | 21,902 |  |  | $ | (114,479 | )
Net Loss | $ | (162,169 | ) |  | $ | 21,867 |  |  | $ | (140,302 | )
Basic and diluted net loss per share | $ | (2.18 | ) |  | $ | 0.29 |  |  | $ | (1.89 | )
Unaudited revenue by geographic location based on bill-to location, which reflects the adoption of ASC 606, are as follows:
| Three Months Ended October 31, 2016
| As Previously Reported |  | Impact of Adoption |  | As Adjusted
| (in thousands)
U.S. | $ | 102,871 |  |  | $ | 3,297 |  |  | $ | 106,168 |
Europe, the Middle East and Africa | 24,248 |  |  | 1,168 |  |  | 25,416 |
Asia-Pacific | 28,908 |  |  | 16,939 |  |  | 45,847 |
Other Americas | 10,782 |  |  | 348 |  |  | 11,130 |
Total revenue | $ | 166,809 |  |  | $ | 21,752 |  |  | $ | 188,561 |
The adoption impacted certain line items in the cash flows from operating activities as follows:
| Three Months Ended October 31, 2016
| As Previously Reported |  | Impact of Adoption |  | As Adjusted
Cash flows from operating activities: | (in thousands)
Net loss | $ | (162,169 | ) |  | $ | 21,867 |  |  | $ | (140,302 | )
Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |  |  |
Deferred commissions | $ | (4,630 | ) |  | $ | (150 | ) |  | $ | (4,780 | )
Accrued expenses and other liabilities | $ | 682 |  |  | $ | 35 |  |  | $ | 717 |
Deferred revenue | $ | 72,958 |  |  | $ | (21,752 | ) |  | $ | 51,206 |
Revenue by Arrangement, Disclosure | The following table depicts the disaggregation of revenue according to revenue type and is consistent with how we evaluate our financial performance:
| Three Months Ended October 31,
| 2016 |  | 2017
| (in thousands)
Software revenue | $ | 104,745 |  |  | $ | 138,214 |
Hardware revenue | 48,791 |  |  | 80,838 |
Support and other services revenue | 35,025 |  |  | 56,500 |
Total revenue | $ | 188,561 |  |  | $ | 275,552 |
Deferred Commissions, by Arrangement, Disclosure | Significant changes in the balance of total deferred commissions (contract asset) during the three months ended October 31, 2017 are as follows:
| As of July 31, 2017 *As Adjusted |  | Additions |  | Commissions Recognized |  | As of October 31, 2017
| (in thousands)
Deferred commissions | $ | 73,527 |  |  | $ | 33,807 |  |  | $ | (25,350 | ) |  | $ | 81,984 |
Deferred Revenue, by Arrangement, Disclosure | Significant changes in the balance of total deferred revenue (contract liability) during the three months ended October 31, 2017 are as follows:
| As of July 31, 2017 *As Adjusted |  | Additions |  | Revenue Recognized |  | As of October 31, 2017
| (in thousands)
Deferred revenue | $ | 369,056 |  |  | $ | 96,288 |  |  | $ | (56,500 | ) |  | $ | 408,844 |

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