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Recent Accounting Pronouncements (Tables) | 3 Months Ended
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Sep. 30, 2017
Accounting Changes And Error Corrections [Abstract] |
Schedule of Adjustments to Previously Reported Financial Statements from Adoption of Accounting Pronouncements | The following table presents the effect of the adoption of ASU 2014-09 on our condensed consolidated balance sheet (unaudited) as of June 30, 2017, (in thousands):
| As of June 30, 2017 |
| As Reported |  |  | Adjustment |  |  | As Adjusted |
Accounts receivable, net | $ | 120,770 |  |  | $ | (27,655 | ) |  | $ | 93,115 |
Inventories |  | 45,880 |  |  |  | 1,530 |  |  |  | 47,410 |
Total current assets |  | 324,967 |  |  |  | (26,125 | ) |  |  | 298,842 |
Other assets |  | 22,586 |  |  |  | 2,479 |  |  |  | 25,065 |
Total assets |  | 483,346 |  |  |  | (23,646 | ) |  |  | 459,700 |
Accrued warranty |  | 10,007 |  |  |  | 577 |  |  |  | 10,584 |
Other accrued liabilities |  | 36,713 |  |  |  | 331 |  |  |  | 37,044 |
Deferred distributors revenue, net of cost of sales to distributors |  | 43,525 |  |  |  | (43,525 | ) |  |  | — |
Total current liabilities |  | 255,822 |  |  |  | (42,617 | ) |  |  | 213,205 |
Accumulated deficit |  | (800,257 | ) |  |  | 18,971 |  |  |  | (781,286 | )
Total stockholders’ equity |  | 106,707 |  |  |  | 18,971 |  |  |  | 125,678 |
Total liabilities and stockholders’ equity | $ | 483,346 |  |  | $ | (23,646 | ) |  | $ | 459,700 |
The following table presents the effect of the adoption of ASU 2014-09 on our condensed consolidated statements of operations (unaudited) for the three months ended September 30, 2016 (in thousands, except per share amounts):
| Three months ended September 30, 2016 |
| As Reported |  |  | Adjustment |  |  | As Adjusted |
Net revenues |  |  |  |  |  |  |  |  |  |  |
Product | $ | 90,131 |  |  | $ | (38 | ) |  | $ | 90,093 |
Service |  | 32,511 |  |  |  | — |  |  |  | 32,511 |
Total net revenues |  | 122,642 |  |  |  | (38 | ) |  |  | 122,604 |
Cost of revenues |  |  |  |  |  |  |  |  |  |  |
Product |  | 44,927 |  |  |  | (678 | ) |  |  | 44,249 |
Service |  | 12,469 |  |  |  | — |  |  |  | 12,469 |
Total cost of revenues |  | 57,396 |  |  |  | (678 | ) |  |  | 56,718 |
Gross profit |  |  |  |  |  |  |  |  |  |  |
Product |  | 45,204 |  |  |  | 640 |  |  |  | 45,844 |
Service |  | 20,042 |  |  |  | — |  |  |  | 20,042 |
Total Gross profit |  | 65,246 |  |  |  | 640 |  |  |  | 65,886 |
Sales and marketing expenses |  | 36,956 |  |  |  | (97 | ) |  |  | 36,859 |
Operating loss |  | (4,759 | ) |  |  | 737 |  |  |  | (4,022 | )
Net loss before tax |  | (5,572 | ) |  |  | 737 |  |  |  | (4,835 | )
Net loss | $ | (6,479 | ) |  | $ | 737 |  |  | $ | (5,742 | )
Basic and diluted net loss per share |  |  |  |  |  |  |  |  |  |  |
Net loss per share - basic | $ | (0.06 | ) |  |  |  |  |  | $ | (0.05 | )
Net loss per share - diluted | $ | (0.06 | ) |  |  |  |  |  | $ | (0.05 | )
Shares used in per share calculation - basic |  | 105,955 |  |  |  |  |  |  |  | 105,955 |
Shares used in per share calculation - diluted |  | 105,955 |  |  |  |  |  |  |  | 105,955 |
The following table presents the effect of the adoption of ASU 2014-09 on our condensed consolidated statement of cash flows (unaudited) for the three months ended September 30, 2016 (in thousands):
| Three months ended September 30, 2016 |
| As Reported |  |  | Adjustment |  |  | As Adjusted |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |
Net loss | $ | (6,479 | ) |  | $ | 737 |  |  | $ | (5,742 | )
Changes in operating assets and liabilities, net |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | 12,950 |  |  |  | 3,656 |  |  |  | 16,606 |
Inventories |  | (2,405 | ) |  |  | (907 | ) |  |  | (3,312 | )
Prepaid and other assets |  | 1,562 |  |  |  | (97 | ) |  |  | 1,465 |
Deferred distributors revenue, net of cost of sales to distributors |  | 3,412 |  |  |  | (3,412 | ) |  |  | — |
Other current and long term liabilities |  | (842 | ) |  |  | 23 |  |  |  | (819 | )
Net cash provided by operating activities |  | 9,574 |  |  |  | — |  |  |  | 9,574 |
Cash flows from investing activities |  | (1,635 | ) |  |  | — |  |  |  | (1,635 | )
Cash flows from financing activities |  | 166 |  |  |  | — |  |  |  | 166 |
Foreign currency effect on cash |  | 38 |  |  |  | — |  |  |  | 38 |
Net increase in cash and cash equivalents | $ | 8,143 |  |  | $ | — |  |  | $ | 8,143 |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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