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Balance Sheet Accounts (Tables) | 9 Months Ended
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Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Cash, Cash Equivalents, Short-Term Investments and Marketable Securities | Cash, Cash Equivalents, Short-Term Investments and Marketable Securities Summary of Cash and Available-for-Sale Securities (in thousands)
| March 31, 2014 |  | June 30, 2013
Cash | $ | 70,668 |  |  | $ | 41,518 |
Cash equivalents | $ | 687 |  |  | $ | 54,285 |
Short-term investments | 34,700 |  |  | 43,034 |
Marketable securities | — |  |  | 66,776 |
Total available-for-sale | $ | 35,387 |  |  | $ | 164,095 |
Total cash, cash equivalents and available for sale securities | $ | 106,055 |  |  | $ | 205,613 |
Available-for-sale Securities | Available-for-Sale Securities The following is a summary of available-for-sale securities (in thousands):
| Amortized Cost |  | Fair Value |  | Unrealized Holding Gains |  | Unrealized Holding Losses
March 31, 2014 |  |  |  |  |  |  |
Money market funds | $ | 687 |  |  | $ | 687 |  |  | $ | — |  |  | $ | — |
U.S. corporate debt securities | 34,579 |  |  | 34,700 |  |  | 121 |  |  | — |
| $ | 35,266 |  |  | $ | 35,387 |  |  | $ | 121 |  |  | $ | — |
Classified as: |  |  |  |  |  |  |
Cash equivalents | $ | 687 |  |  | $ | 687 |  |  | $ | — |  |  | $ | — |
Short-term investments | 34,579 |  |  | 34,700 |  |  | 121 |  |  | — |
| $ | 35,266 |  |  | $ | 35,387 |  |  | $ | 121 |  |  | $ | — |
June 30, 2013 |  |  |  |  |  |  |
Money market funds | $ | 54,285 |  |  | $ | 54,285 |  |  | $ | — |  |  | $ | — |
U.S. corporate debt securities | 110,078 |  |  | 109,810 |  |  | 126 |  |  | (394 | )
| $ | 164,363 |  |  | $ | 164,095 |  |  | $ | 126 |  |  | $ | (394 | )
Classified as: |  |  |  |  |  |  |
Cash equivalents | $ | 54,285 |  |  | $ | 54,285 |  |  | $ | — |  |  | $ | — |
Short-term investments | 42,994 |  |  | 43,034 |  |  | 44 |  |  | (4 | )
Marketable securities | 67,084 |  |  | 66,776 |  |  | 82 |  |  | (390 | )
| $ | 164,363 |  |  | $ | 164,095 |  |  | $ | 126 |  |  | $ | (394 | )
The amortized cost and estimated fair value of available-for-sale investments in debt securities at March 31, 2014, by contractual maturity, were as follows (in thousands):
| Amortized Cost |  | Fair Value
Due in 1 year or less | $ | 24,697 |  |  | $ | 24,803 |
Due in 1-2 years | 7,553 |  |  | 7,568 |
Due in 2-5 years | 3,016 |  |  | 3,016 |
Total investments in available for sale debt securities | $ | 35,266 |  |  | $ | 35,387 |
Schedule of Goodwill | The following table reflects the changes in the carrying amount of goodwill (in thousands):
|  | Total
Balance as of September 30, 2013 |  | $ | — |
Addition due to acquisition of Enterasys (Note 4) |  | 57,922 |
Balance as of December 31, 2013 |  | $ | 57,922 |
Purchase price allocation adjustments |  | 6,615 |
Balance as of March 31, 2014 |  | $ | 64,537 |
Schedule of Indefinite-Lived Intangible Assets | The following tables present details of the Company’s intangible assets (in thousands):
March 31, 2014 |  | Weighted average remaining amortization period |  | Gross |  | Accumulated amortization |  | Net
Intangible assets with finite lives: |  |  |  |  |  |  |  |
Developed technology |  | 2.4 years |  | $ | 45,000 |  |  | $ | 6,736 |  |  | $ | 38,264 |
Customer relationships |  | 2.6 years |  | 37,000 |  |  | 5,139 |  |  | 31,861 |
Maintenance contracts |  | 4.6 years |  | 17,000 |  |  | 1,417 |  |  | 15,583 |
Trademarks |  | 2.6 years |  | 2,500 |  |  | 347 |  |  | 2,153 |
Order backlog |  | 1.0 year |  | 7,400 |  |  | 4,542 |  |  | 2,858 |
License agreements |  | 10.9 years |  | 10,447 |  |  | 7,971 |  |  | 2,476 |
Other intangibles |  | 5.2 years |  | 2,459 |  |  | 1,449 |  |  | 1,010 |
Total intangible assets with finite lives |  |  |  | 121,806 |  |  | 27,601 |  |  | 94,205 |
In-process research and development, with indefinite life |  |  |  | 3,000 |  |  | — |  |  | 3,000 |
Total |  |  |  | $ | 124,806 |  |  | $ | 27,601 |  |  | $ | 97,205 |
Schedule of Finite-Lived Intangible Assets | The following tables present details of the Company’s intangible assets (in thousands):
March 31, 2014 |  | Weighted average remaining amortization period |  | Gross |  | Accumulated amortization |  | Net
Intangible assets with finite lives: |  |  |  |  |  |  |  |
Developed technology |  | 2.4 years |  | $ | 45,000 |  |  | $ | 6,736 |  |  | $ | 38,264 |
Customer relationships |  | 2.6 years |  | 37,000 |  |  | 5,139 |  |  | 31,861 |
Maintenance contracts |  | 4.6 years |  | 17,000 |  |  | 1,417 |  |  | 15,583 |
Trademarks |  | 2.6 years |  | 2,500 |  |  | 347 |  |  | 2,153 |
Order backlog |  | 1.0 year |  | 7,400 |  |  | 4,542 |  |  | 2,858 |
License agreements |  | 10.9 years |  | 10,447 |  |  | 7,971 |  |  | 2,476 |
Other intangibles |  | 5.2 years |  | 2,459 |  |  | 1,449 |  |  | 1,010 |
Total intangible assets with finite lives |  |  |  | 121,806 |  |  | 27,601 |  |  | 94,205 |
In-process research and development, with indefinite life |  |  |  | 3,000 |  |  | — |  |  | 3,000 |
Total |  |  |  | $ | 124,806 |  |  | $ | 27,601 |  |  | $ | 97,205 |
June 30, 2013 |  | Weighted average remaining amortization period |  | Gross |  | Accumulated amortization |  | Net
Intangible assets with finite lives: |  |  |  |  |  |  |  |
License agreements |  | 10.3 years |  | 10,447 |  |  | 7,407 |  |  | 3,040 |
Other intangibles |  | 5.8 years |  | 2,459 |  |  | 1,256 |  |  | 1,203 |
Total intangible assets with finite lives |  |  |  | 12,906 |  |  | 8,663 |  |  | 4,243 |
Future Amortization Expense | The estimated future amortization expense for finite lived intangibles to be recorded for each of the next five years is as follows (in thousands):
Fiscal year |  | Amount
2014 (remaining 3 months) |  | $ | 9,540 |
2015 |  | 34,648 |
2016 |  | 31,286 |
2017 |  | 12,379 |
2018 |  | 3,682 |
2019 |  | 1,415 |
Thereafter |  | 1,255 |
Total |  | $ | 94,205 |
Schedule of Deferred Revenue, Net | The following table summarizes deferred revenue, net at March 31, 2014 and June 30, 2013, respectively (in thousands):
| March 31, 2014 |  | June 30, 2013
Deferred services | $ | 84,206 |  |  | $ | 38,003 |
Deferred product and other revenue | 6,644 |  |  | 3,451 |
Total deferred revenue | 90,850 |  |  | 41,454 |
Less: current portion | 71,183 |  |  | 33,184 |
Non-current deferred revenue, net | $ | 19,667 |  |  | $ | 8,270 |
Change in Deferred Support Revenue | The change in the Company’s deferred support revenue balance in relation to these arrangements was as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| March 31, 2014 |  | March 31, 2013 |  | March 31, 2014 |  | March 31, 2013
Balance beginning of period | $ | 81,485 |  |  | $ | 35,797 |  |  | $ | 38,003 |  |  | $ | 37,461 |
Assumed from acquisition | — |  |  | — |  |  | 35,879 |  |  | — |
New support arrangements | 30,986 |  |  | 14,431 |  |  | 77,475 |  |  | 41,745 |
Recognition of support revenue | (28,265 | ) |  | (13,420 | ) |  | (67,151 | ) |  | (42,398 | )
Balance end of period | 84,206 |  |  | 36,808 |  |  | 84,206 |  |  | 36,808 |
Less: current portion | 64,539 |  |  | 28,801 |  |  | 64,539 |  |  | 28,801 |
Non-current deferred revenue | $ | 19,667 |  |  | $ | 8,007 |  |  | $ | 19,667 |  |  | $ | 8,007 |
Schedule of Deferred Distributors Revenue | The following table summarizes deferred distributors revenue, net of cost of sales to distributors at March 31, 2014 and June 30, 2013, respectively (in thousands):
| March 31, 2014 |  | June 30, 2013
Deferred distributors revenue | $ | 31,070 |  |  | $ | 22,411 |
Deferred cost of sales to distributors | (6,853 | ) |  | (5,023 | )
Deferred distributors revenue, net of cost of sales to distributors | $ | 24,217 |  |  | $ | 17,388 |
Schedule of Debt | The Company's debt is comprised of the following:
|  | March 31, 2014
Current portion of long-term debt: |  |
Term Loan |  | 4,875 |
Revolving Facility |  | 24,000 |
Current portion of long-term debt |  | 28,875 |
Long-term debt, less current portion: |  |
Term Loan |  | 58,500 |
Revolving Facility |  | 35,000 |
Total long-term debt, less current portion |  | 93,500 |
Total debt |  | 122,375 |
Schedule of Product Warranty Liability | The following table summarizes the activity related to the Company’s product warranty liability during the three and nine months ended March 31, 2014 and 2013:
| Three Months Ended |  | Nine Months Ended
| March 31, 2014 |  | March 31, 2013 |  | March 31, 2014 |  | March 31, 2013
Balance beginning of period | $ | 7,479 |  |  | $ | 2,971 |  |  | $ | 3,296 |  |  | $ | 2,871 |
Assumed from acquisition | — |  |  | — |  |  | 3,732 |  |  | — |
New warranties issued | 1,824 |  |  | 1,257 |  |  | 4,782 |  |  | 4,761 |
Warranty expenditures | (1,478 | ) |  | (1,332 | ) |  | (3,985 | ) |  | (4,736 | )
Balance end of period | $ | 7,825 |  |  | $ | 2,896 |  |  | $ | 7,825 |  |  | $ | 2,896 |
Schedules of Concentration of Risk, by Risk Factor | The following table sets forth major customers accounting for 10% or more of our net revenue:
|  | Three Months Ended |  | Nine Months Ended
|  | March 31, 2014 |  | March 31, 2013 |  | March 31, 2014 |  | March 31, 2013
Tech Data |  | 16 | % |  | 11 | % |  | 12 | % |  | * |
Westcon Group Inc. |  | 14 | % |  | 19 | % |  | 13 | % |  | 10 | %
Scansource, Inc. |  | * |  |  | 10 | % |  | * |  |  | * |
* Less than 10% of revenue |  |  |  |  |  |  |  |

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