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Balance Sheet Accounts (Tables) | 9 Months Ended
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Mar. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Summary of Cash and Cash Equivalents | The following is a summary of cash and cash equivalents (in thousands):
|  | March 31, 2017 |  |  | June 30, 2016 |
Cash |  | $ | 112,996 |  |  | $ | 89,847 |
Cash equivalents |  |  | 4,284 |  |  |  | 4,275 |
Total cash and cash equivalents |  | $ | 117,280 |  |  | $ | 94,122 |
Components of Inventory | Inventory consists of the following (in thousands):
|  | March 31, 2017 |  |  | June 30, 2016 |
Finished goods |  | $ | 46,658 |  |  | $ | 38,751 |
Raw materials |  |  | 1,031 |  |  |  | 2,238 |
Total Inventory |  | $ | 47,689 |  |  | $ | 40,989 |
Components of Property and Equipment | Property and equipment consist of the following (in thousands):
|  | March 31, 2017 |  |  | June 30, 2016 |
Computer equipment |  | $ | 36,372 |  |  | $ | 34,657 |
Purchased software |  |  | 11,099 |  |  |  | 5,574 |
Office equipment, furniture and fixtures |  |  | 11,099 |  |  |  | 10,385 |
Leasehold improvements |  |  | 22,505 |  |  |  | 19,342 |
Total property and equipment |  |  | 81,075 |  |  |  | 69,958 |
Less: accumulated depreciation and amortization |  |  | (50,666 | ) |  |  | (40,378 | )
Property and equipment, net |  | $ | 30,409 |  |  | $ | 29,580 |
Components of Gross and Net Intangible Asset Balances | The following tables summarize the components of gross and net intangible asset balances (dollars in thousands):
|  | Weighted Average |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining Amortization |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Period |  | Amount |  |  | Amortization |  |  | Amount |
March 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 5.52 years |  | $ | 55,600 |  |  | $ | 42,056 |  |  | $ | 13,544 |
Customer relationships |  | 3.59 years |  |  | 40,400 |  |  |  | 37,354 |  |  |  | 3,046 |
Maintenance contracts |  | 1.59 years |  |  | 17,000 |  |  |  | 11,617 |  |  |  | 5,383 |
Trademarks |  | 4.59 years |  |  | 5,100 |  |  |  | 2,717 |  |  |  | 2,383 |
License agreements |  | 6.60 years |  |  | 2,445 |  |  |  | 1,052 |  |  |  | 1,393 |
Other intangibles |  | 2.90 years |  |  | 1,382 |  |  |  | 965 |  |  |  | 417 |
Total intangibles, net with finite lives |  |  |  |  | 121,927 |  |  |  | 95,761 |  |  |  | 26,166 |
In-process research and development, with indefinite life |  |  |  |  | 1,600 |  |  |  | - |  |  |  | 1,600 |
Total intangibles, net |  |  |  | $ | 123,527 |  |  | $ | 95,761 |  |  | $ | 27,766 |
|  | Weighted Average |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining Amortization |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Period |  | Amount |  |  | Amortization |  |  | Amount |
June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 0.30 years |  | $ | 48,000 |  |  | $ | 43,028 |  |  | $ | 4,972 |
Customer relationships |  | 0.30 years |  |  | 37,000 |  |  |  | 32,889 |  |  |  | 4,111 |
Maintenance contracts |  | 2.30 years |  |  | 17,000 |  |  |  | 9,067 |  |  |  | 7,933 |
Trademarks |  | 0.30 years |  |  | 2,500 |  |  |  | 2,222 |  |  |  | 278 |
License agreements |  | 9.70 years |  |  | 3,413 |  |  |  | 1,473 |  |  |  | 1,940 |
Other intangibles |  | 3.70 years |  |  | 1,428 |  |  |  | 900 |  |  |  | 528 |
Total intangibles, net |  |  |  | $ | 109,341 |  |  | $ | 89,579 |  |  | $ | 19,762 |
Summary of Amortization Expense of Intangibles | The amortization expense of intangibles for the periods presented is summarized below (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2017 |  |  | March 31, 2016 |  |  | March 31, 2017 |  |  | March 31, 2016 |
Amortization in "Cost of revenues: Product" |  | $ | 995 |  |  | $ | 3,417 |  |  | $ | 6,271 |  |  | $ | 11,847 |
Amortization of intangibles |  |  | 1,193 |  |  |  | 4,142 |  |  |  | 7,510 |  |  |  | 12,860 |
Total amortization |  | $ | 2,188 |  |  | $ | 7,559 |  |  | $ | 13,781 |  |  | $ | 24,707 |
Summary of Goodwill | The following table summarizes goodwill for the periods presented (in thousands):
|  | March 31, 2017 |
Balance as of June 30, 2016 |  | $ | 70,877 |
Additions due to acquisition |  |  | 11,803 |
Balance at end of period |  | $ | 82,680 |
Summary of Deferred Revenue, Net | The following table summarizes deferred revenue, net (in thousands):
|  | March 31, 2017 |  |  | June 30, 2016 |
Deferred maintenance |  | $ | 95,683 |  |  | $ | 83,419 |
Deferred product and other revenue |  |  | 7,091 |  |  |  | 11,441 |
Total deferred revenue, net |  |  | 102,774 |  |  |  | 94,860 |
Less: current portion |  |  | 78,918 |  |  |  | 72,934 |
Non-current deferred revenue, net |  | $ | 23,856 |  |  | $ | 21,926 |
Schedule of Change in Deferred Support Revenue Balance | 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, 2017 |  |  | March 31, 2016 |  |  | March 31, 2017 |  |  | March 31, 2016 |
Balance beginning of period |  | $ | 98,128 |  |  | $ | 84,706 |  |  | $ | 83,419 |  |  | $ | 87,441 |
Deferred maintenance assumed due to acquisition |  |  | 626 |  |  |  | — |  |  |  | 14,159 |  |  |  | — |
New maintenance arrangements |  |  | 28,181 |  |  |  | 27,683 |  |  |  | 90,690 |  |  |  | 84,502 |
Recognition of maintenance revenue |  |  | (31,252 | ) |  |  | (27,320 | ) |  |  | (92,585 | ) |  |  | (86,874 | )
Balance end of period |  |  | 95,683 |  |  |  | 85,069 |  |  |  | 95,683 |  |  |  | 85,069 |
Less: current portion |  |  | 71,827 |  |  |  | 62,842 |  |  |  | 71,827 |  |  |  | 62,842 |
Non-current deferred revenue |  | $ | 23,856 |  |  | $ | 22,227 |  |  | $ | 23,856 |  |  | $ | 22,227 |
Summary of Deferred Distributors Revenue | The following table summarizes deferred distributors revenue, net of cost of sales to distributors (in thousands):
|  | March 31, 2017 |  |  | June 30, 2016 |
Deferred distributors revenue |  | $ | 57,188 |  |  | $ | 35,138 |
Deferred cost of sales to distributors |  |  | (12,930 | ) |  |  | (8,321 | )
Deferred distributors revenue, net of cost of sales to distributors |  | $ | 44,258 |  |  | $ | 26,817 |
Components of Debt | The Company’s debt is comprised of the following (in thousands):
|  | March 31, 2017 |  |  | June 30, 2016 |
Current portion of long-term debt: |  |  |  |  |  |  |  |
Term Loan |  | $ | 11,149 |  |  | $ | 17,628 |
Current portion of long-term debt |  | $ | 11,149 |  |  | $ | 17,628 |
Long-term debt, less current portion: |  |  |  |  |  |  |  |
Term Loan |  | $ | 73,775 |  |  | $ | 27,446 |
Revolving Facility |  |  | 10,000 |  |  |  | 10,000 |
Total long-term debt, less current portion |  |  | 83,775 |  |  |  | 37,446 |
Total debt |  | $ | 94,924 |  |  | $ | 55,074 |
Summary of Product Warranty Liability Activity | The following table summarizes the activity related to the Company’s product warranty liability during the three and nine months ended March 31, 2017 and 2016 (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2017 |  |  | March 31, 2016 |  |  | March 31, 2017 |  |  | March 31, 2016 |
Balance beginning of period |  | $ | 10,228 |  |  | $ | 10,415 |  |  | $ | 9,600 |  |  | $ | 8,676 |
Warranties assumed due to acquisition |  |  | — |  |  |  | — |  |  |  | 2,034 |  |  |  | — |
New warranties issued |  |  | 1,893 |  |  |  | 1,638 |  |  |  | 3,997 |  |  |  | 7,158 |
Warranty expenditures |  |  | (2,091 | ) |  |  | (1,773 | ) |  |  | (5,601 | ) |  |  | (5,554 | )
Balance end of period |  | $ | 10,030 |  |  | $ | 10,280 |  |  | $ | 10,030 |  |  | $ | 10,280 |
Schedule of Major Customers Accounting for 10% or More of Net Revenue | The following table sets forth major customers accounting for 10% or more of our net revenue:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2017 |  |  | March 31, 2016 |  |  | March 31, 2017 |  |  | March 31, 2016 |
Tech Data Corporation |  |  | 13% |  |  |  | 16% |  |  |  | 15% |  |  |  | 16% |
Jenne |  |  | 14% |  |  |  | 17% |  |  |  | 14% |  |  | 13% |
Westcon Group Inc. |  |  | 10% |  |  |  | 13% |  |  |  | 12% |  |  |  | 15% |

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