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Balance Sheet Accounts (Tables) | 9 Months Ended
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Mar. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Summary of Cash, Cash Equivalents and Marketable Securities | The following is a summary of cash, cash equivalents and marketable securities (in thousands):
|  | March 31, 2018 |  |  | June 30, 2017 |
Cash |  | $ | 98,677 |  |  | $ | 126,159 |
Cash equivalents |  |  | 4,500 |  |  |  | 4,291 |
Total cash and cash equivalents |  |  | 103,177 |  |  |  | 130,450 |
Marketable securities (consisting of available-for-sale securities) |  |  | 2,091 |  |  |  | — |
Total cash, cash equivalents and marketable securities |  | $ | 105,268 |  |  | $ | 130,450 |
Components of Inventories | Inventories consist of the following (in thousands):
|  | March 31, 2018 |  |  | June 30, 2017 |
|  |  |  |  |  | (As Adjusted) |
Finished goods |  | $ | 63,306 |  |  | $ | 46,620 |
Raw materials |  |  | 14,450 |  |  |  | 790 |
Total Inventories |  | $ | 77,756 |  |  | $ | 47,410 |
Components of Property and Equipment | Property and equipment consist of the following (in thousands):
|  | March 31, 2018 |  |  | June 30, 2017 |
Computers and equipment |  | $ | 69,712 |  |  | $ | 34,716 |
Purchased software |  |  | 16,908 |  |  |  | 11,785 |
Office equipment, furniture and fixtures |  |  | 18,143 |  |  |  | 10,852 |
Leasehold improvements |  |  | 47,039 |  |  |  | 23,046 |
Total property and equipment |  |  | 151,802 |  |  |  | 80,399 |
Less: accumulated depreciation and amortization |  |  | (65,315 | ) |  |  | (50,159 | )
Property and equipment, net |  | $ | 86,487 |  |  | $ | 30,240 |
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, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 3.8 years |  | $ | 117,500 |  |  | $ | 52,860 |  |  | $ | 64,640 |
Customer relationships |  | 3.7 years |  |  | 51,639 |  |  |  | 39,577 |  |  |  | 12,062 |
Maintenance contracts |  | 0.6 years |  |  | 17,000 |  |  |  | 15,016 |  |  |  | 1,984 |
Trade names |  | 3.7 years |  |  | 9,100 |  |  |  | 3,776 |  |  |  | 5,324 |
Backlogs |  | — years |  |  | 1,800 |  |  |  | 1,800 |  |  |  | — |
License agreements |  | 5.9 years |  |  | 2,445 |  |  |  | 1,323 |  |  |  | 1,122 |
Other intangibles |  | 1.9 years |  |  | 1,382 |  |  |  | 1,108 |  |  |  | 274 |
Total intangibles, net |  |  |  | $ | 200,866 |  |  | $ | 115,460 |  |  | $ | 85,406 |
|  | Weighted Average |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining Amortization |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Period |  | Amount |  |  | Amortization |  |  | Amount |
June 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 5.3 years |  | $ | 55,400 |  |  | $ | 42,689 |  |  | $ | 12,711 |
Customer relationships |  | 3.3 years |  |  | 40,300 |  |  |  | 37,567 |  |  |  | 2,733 |
Maintenance contracts |  | 1.3 years |  |  | 17,000 |  |  |  | 12,467 |  |  |  | 4,533 |
Trade names |  | 4.3 years |  |  | 5,100 |  |  |  | 2,846 |  |  |  | 2,254 |
License agreements |  | 6.4 years |  |  | 2,445 |  |  |  | 1,120 |  |  |  | 1,325 |
Other intangibles |  | 2.7 years |  |  | 1,382 |  |  |  | 1,001 |  |  |  | 381 |
Total intangibles, net with finite lives |  |  |  |  | 121,627 |  |  |  | 97,690 |  |  |  | 23,937 |
In-process research and development, with indefinite life |  |  |  |  | 1,400 |  |  |  | — |  |  |  | 1,400 |
Total intangibles, net |  |  |  | $ | 123,027 |  |  | $ | 97,690 |  |  | $ | 25,337 |
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, 2018 |  |  | March 31, 2017 |  |  | March 31, 2018 |  |  | March 31, 2017 |
Amortization in “Cost of revenues: Product” |  | $ | 4,647 |  |  | $ | 995 |  |  | $ | 11,310 |  |  | $ | 6,271 |
Amortization of intangibles |  |  | 2,101 |  |  |  | 1,193 |  |  |  | 6,461 |  |  |  | 7,510 |
Total amortization |  | $ | 6,748 |  |  | $ | 2,188 |  |  | $ | 17,771 |  |  | $ | 13,781 |
Summary of Goodwill | The following table summarizes goodwill for the periods presented (in thousands):
|  | March 31, 2018 |
Balance as of June 30, 2017 |  | $ | 80,216 |
Additions due to acquisitions |  |  | 49,028 |
Balance at end of period |  | $ | 129,244 |
Components of Debt | The Company’s debt is comprised of the following (in thousands):
|  | March 31, 2018 |  |  | June 30, 2017 |
Current portion of long-term debt: |  |  |  |  |  |  |  |
Term Loan |  | $ | 25,260 |  |  | $ | 12,444 |
Less: unamortized debt issuance costs |  |  | (540 | ) |  |  | (164 | )
Current portion of long-term debt |  | $ | 24,720 |  |  | $ | 12,280 |
Long-term debt, less current portion: |  |  |  |  |  |  |  |
Term Loan |  | $ | 145,173 |  |  | $ | 71,268 |
Revolver |  |  | 10,000 |  |  |  | 10,000 |
Less: unamortized debt issuance costs |  |  | (1,215 | ) |  |  | (846 | )
Total long-term debt, less current portion |  |  | 153,958 |  |  |  | 80,422 |
Total debt |  | $ | 178,678 |  |  | $ | 92,702 |
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, 2018 and 2017 (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2018 |  |  | March 31, 2017 |  |  | March 31, 2018 |  |  | March 31, 2017 |
|  |  |  |  |  | (As adjusted) |  |  |  |  |  |  | (As adjusted) |
Balance beginning of period |  | $ | 13,010 |  |  | $ | 10,790 |  |  | $ | 10,584 |  |  | $ | 9,998 |
Warranties assumed due to acquisitions |  |  | — |  |  |  | — |  |  |  | 3,682 |  |  |  | 2,034 |
New warranties issued |  |  | 2,872 |  |  |  | 1,893 |  |  |  | 6,801 |  |  |  | 3,997 |
Warranty expenditures |  |  | (3,070 | ) |  |  | (2,080 | ) |  |  | (8,255 | ) |  |  | (5,426 | )
Balance end of period |  | $ | 12,812 |  |  | $ | 10,603 |  |  | $ | 12,812 |  |  | $ | 10,603 |
Summary of Long-term Liabilities | The following is a summary of long-term liabilities (in thousands):
|  | March 31, 2018 |  |  | June 30, 2017 |
Acquisition related deferred payments, less current portion |  | $ | 14,147 |  |  | $ | — |
Acquisition-related contingent consideration obligations, less current portion |  |  | 33,256 |  |  |  | — |
Other |  |  | 18,037 |  |  |  | 8,526 |
Total other long-term liabilities |  | $ | 65,440 |  |  | $ | 8,526 |
Schedule of Major Customers Accounting for 10% or More of Net Revenues | The following table sets forth major customers accounting for 10% or more of our net revenues:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2018 |  |  | March 31, 2017 |  |  | March 31, 2018 |  |  | March 31, 2017 |
|  |  |  |  |  | (As adjusted) |  |  |  |  |  |  | (As adjusted) |
Westcon Group Inc. |  | 14% |  |  | 10% |  |  | 14% |  |  | 11% |
Tech Data Corporation |  | 14% |  |  | 13% |  |  | 13% |  |  | 15% |
Jenne Corporation |  | 13% |  |  | 14% |  |  | 11% |  |  | 14% |

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