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Business Combinations (Tables) | 12 Months Ended
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Jun. 30, 2018
Summary of Unaudited Pro Forma Financial Information | The following table summarizes the unaudited pro forma financial information (in thousands, except per share amounts):
| Year Ended |
| June 30, 2018 |  |  | June 30, 2017 |
Net revenues | $ | 1,076,988 |  |  | $ | 1,205,696 |
Net loss | $ | (27,007 | ) |  | $ | (143,835 | )
Net loss per share - basic | $ | (0.24 | ) |  | $ | (1.33 | )
Net loss per share - diluted | $ | (0.24 | ) |  | $ | (1.33 | )
Shares used in per share calculation - basic |  | 114,221 |  |  |  | 108,273 |
Shares used in per share calculation - diluted |  | 114,221 |  |  |  | 108,273 |
Data Center Business |
Components of Aggregate Estimated Purchase Consideration | The components of aggregate estimated purchase consideration are as follows (in thousands):
Estimated purchase consideration | October 27, 2017 |
Cash paid to sellers at closing | $ | 23,000 |
Deferred payments |  | 18,430 |
Contingent consideration |  | 34,100 |
Working capital adjustment |  | 6,534 |
Replacement of stock-based awards |  | 2,273 |
Aggregate estimated purchase consideration | $ | 84,337 |
Summary of Final Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed | The purchase price allocation as of the Data Center Business Closing Date is set forth in the table below and reflects fair values. The fair values were determined through established and generally accepted valuation techniques, including work performed by third-party valuation specialists. All valuations were considered finalized as of June 30, 2018 (in thousands):
| Preliminary Allocation as of October 28, 2017 |  |  | Adjustments |  |  | Final Allocation as of June 30, 2018 |
Accounts receivables | $ | 33,488 |  |  | $ | — |  |  | $ | 33,488 |
Inventories |  | 19,973 |  |  |  | (39 | ) | (a) |  | 19,934 |
Prepaid expenses and other current assets |  | 988 |  |  |  | — |  |  |  | 988 |
Property and equipment |  | 29,160 |  |  |  | (10,222 | ) | (b) |  | 18,938 |
Other assets |  | 4,734 |  |  |  | — |  |  |  | 4,734 |
Accounts payable and accrued expenses |  | (15,850 | ) |  |  | (644 | ) | (c) |  | (16,494 | )
Deferred revenue |  | (33,519 | ) |  |  | 494 |  | (d) |  | (33,025 | )
Net tangible assets acquired |  | 38,974 |  |  |  | (10,411 | ) |  |  | 28,563 |
Identifiable intangible assets |  | 28,600 |  |  |  | 4,200 |  | (e) |  | 32,800 |
Goodwill |  | 16,763 |  |  |  | 6,211 |  |  |  | 22,974 |
Total intangible assets acquired |  | 45,363 |  |  |  | 10,411 |  |  |  | 55,774 |
Total net assets acquired | $ | 84,337 |  |  | $ | — |  |  | $ | 84,337 |
The changes during the measurement period in the table above include: a) finalization of the fair value of existing inventories as of the acquisition date, b) finalization of valuation of assets acquired with limited future use as of the acquisition date, c) identification of additional unpaid invoices existing as of the acquisition date, d) finalization of future cash flows related to deferred revenue contracts and, e) finalization of adjustments to discount rate and future cash flows.
Schedule of Identifiable Intangible Assets Acquired as Part of Acquisition | The following table presents details of the identifiable intangible assets acquired as part of the acquisition (dollars in thousands):
Intangible Assets |  | Estimated Useful Life (in years) |  |  | Amount |
Developed technology |  | 2 - 4 |  |  | $ | 26,000 |
Customer relationships |  |  | 4 |  |  |  | 5,400 |
Trade names |  |  | 4 |  |  |  | 1,400 |
Total identifiable intangible assets |  |  |  |  |  | $ | 32,800 |
Campus Fabric Business |
Summary of Final Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed | The following table below summarizes the final allocation as of June 30, 2018 of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands):
| Preliminary Allocation as of July 14, 2017 |  |  | Adjustments |  |  | Final Allocation as of June 30, 2018 |
Accounts receivables | $ | 18,112 |  |  | $ | 1,415 |  | (a) | $ | 19,527 |
Inventories |  | 16,605 |  |  |  | (2,440 | ) | (g)(h)(k) |  | 14,165 |
Prepaid expenses and other current assets |  | 673 |  |  |  | (433 | ) | (b) |  | 240 |
Property and equipment |  | 3,768 |  |  |  | 1,638 |  | (c) |  | 5,406 |
Other assets |  | 2,568 |  |  |  | 4,441 |  | (d)(h) |  | 7,009 |
Accounts payable and accrued expenses |  | (29,716 | ) |  |  | (1,954 | ) | (e)(i)(j) |  | (31,670 | )
Deferred revenue |  | (10,214 | ) |  |  | 1,220 |  | (d)(i) |  | (8,994 | )
Other long-term liabilities |  | (6,608 | ) |  |  | 759 |  | (j) |  | (5,849 | )
Net tangible assets acquired |  | (4,812 | ) |  |  | 4,646 |  |  |  | (166 | )
Identifiable intangible assets |  | 44,000 |  |  |  | (2,700 | ) | (f) |  | 41,300 |
In-process research and development |  | 2,300 |  |  |  | 100 |  | (f) |  | 2,400 |
Goodwill |  | 38,338 |  |  |  | (2,446 | ) |  |  | 35,892 |
Total intangible assets acquired |  | 84,638 |  |  |  | (5,046 | ) |  |  | 79,592 |
Total net assets acquired | $ | 79,826 |  |  | $ | (400 | ) |  | $ | 79,426 |
Adjustments to the preliminary allocation as of the Closing Date through the final allocation during the measurement period as reflected in the table above include: a) identification of additional accounts receivable that existed as of the acquisition date, b) additional information on existing prepaid expenses as of the acquisition date, c) identification of additional property and equipment, d) adjustment to future cash flows of remaining performance obligations of certain customer contracts as of the acquisition date, e) identification of additional unpaid invoices as of the acquisition date, and f) finalization of adjustments to discount rate and future cash flows, g) additional receipts of inventory from Avaya pertaining to the Campus Fabric Business, h) reclassification of service parts to other assets, i) reclassification from deferred revenue to accounts payable, j) reclassification of long-term liabilities to short-term liabilities assumed, and k) adjustments to purchase consideration based on working capital settlement specifically related to inventory that could not be located.
Schedule of Identifiable Intangible Assets Acquired as Part of Acquisition | The following table presents details of the identifiable intangible assets acquired as part of the acquisition (dollars in thousands):
Intangible Assets |  | Estimated Useful Life (in years) |  |  | Amount |
Developed technology |  | 2 - 4 |  |  | $ | 31,800 |
Customer relationships |  |  | 4 |  |  |  | 5,100 |
Trade names |  | 4 - 5 |  |  |  | 2,600 |
Backlog |  |  | 1 |  |  |  | 1,800 |
Total identifiable intangible assets |  |  |  |  |  | $ | 41,300 |
Zebra Technologies Corporation |
Summary of Final Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed | On October 28, 2016, the Company completed its acquisition of the wireless local area network business (“WLAN Business”) from Zebra Technologies Corporation. Under the terms of the WLAN Asset Purchase Agreement, the Company acquired customers, employees, technology and other assets as well as assumed certain contracts and other liabilities of the WLAN Business, for a net cash consideration of $49.5 million. The following table below summarizes the final allocation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands):
| Final Allocation as of October 28, 2016 |
Accounts receivables, net | $ | 14,636 |
Inventories |  | 13,593 |
Other current assets |  | 808 |
Property and equipment |  | 3,159 |
Other assets |  | 7,634 |
Deferred revenue |  | (14,159 | )
Other liabilities |  | (7,201 | )
Total tangible assets acquired and liabilities assumed |  | 18,470 |
Identifiable intangible assets |  | 20,300 |
In-process research and development |  | 1,400 |
Goodwill |  | 9,339 |
Total intangible assets acquired |  | 31,039 |
Total net assets acquired | $ | 49,509 |

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