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Business Combinations (Tables) | 9 Months Ended
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Mar. 31, 2018
Summary of Unaudited Pro Forma Financial Information | The following table summarizes the unaudited pro forma financial information (in thousands, except per share amounts):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2018 |  |  | March 31, 2017 |  |  | March 31, 2018 |  |  | March 31, 2017 |
|  |  |  |  |  | (As adjusted) |  |  |  |  |  |  | (As adjusted) |
Net revenues |  | $ | 262,004 |  |  | $ | 267,176 |  |  | $ | 799,044 |  |  | $ | 911,611 |
Net loss |  | $ | (13,613 | ) |  | $ | (40,235 | ) |  | $ | (21,235 | ) |  | $ | (136,207 | )
Net loss per share - basic |  | $ | (0.12 | ) |  | $ | (0.37 | ) |  | $ | (0.19 | ) |  | $ | (1.27 | )
Net loss per share - diluted |  | $ | (0.12 | ) |  | $ | (0.37 | ) |  | $ | (0.19 | ) |  | $ | (1.27 | )
Shares used in per share calculation - basic |  |  | 115,059 |  |  |  | 109,213 |  |  |  | 113,641 |  |  |  | 107,531 |
Shares used in per share calculation - diluted |  |  | 115,059 |  |  |  | 109,213 |  |  |  | 113,641 |  |  |  | 107,531 |
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 Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed | The following table below summarizes the preliminary allocation as of March 31, 2018 of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands):
| Preliminary Allocation as of December 31, 2017 |  |  | Change during three months ended March 31, 2018 |  |  | Preliminary Allocation as of March 31, 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 |  |  |  | — |  |  |  | 29,160 |
Other assets |  | 4,734 |  |  |  | — |  |  |  | 4,734 |
Accounts payable and accrued expenses |  | (15,850 | ) |  |  | 113 |  | (b) |  | (15,737 | )
Deferred revenue |  | (33,519 | ) |  |  | 494 |  | (c) |  | (33,025 | )
Net tangible assets acquired |  | 38,974 |  |  |  | 568 |  |  |  | 39,542 |
Identifiable intangible assets |  | 28,600 |  |  |  | 3,600 |  | (d) |  | 32,200 |
Goodwill |  | 16,763 |  |  |  | (4,168 | ) |  |  | 12,595 |
Total intangible assets acquired |  | 45,363 |  |  |  | (568 | ) |  |  | 44,795 |
Total net assets acquired | $ | 84,337 |  |  | $ | — |  |  | $ | 84,337 |
The changes during the period in the table above include: a) additional information regarding the existence of inventories and unpaid invoices as of the acquisition date, b) additional information on unpaid invoices as of the acquisition date, c) an adjustment of the fair value of deferred maintenance revenue and d) revised fair value based on adjustments to discount rate used in the models for usefulness of identifiable intangible assets.
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 - 5 |  |  | $ | 25,400 |
Customer relationships |  |  | 5 |  |  |  | 5,400 |
Trade names |  |  | 4 |  |  |  | 1,400 |
Total identifiable intangible assets |  |  |  |  |  | $ | 32,200 |
Campus Fabric Business |
Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed | The following table below summarizes the preliminary allocation as of March 31, 2018 of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands):
| Preliminary Allocation as of December 31, 2017 |  |  | Change during three months ended March 31, 2018 |  |  | Preliminary Allocation as of March 31, 2018 |
Accounts receivables | $ | 18,295 |  |  | $ | 417 |  | (a) | $ | 18,712 |
Inventories |  | 15,545 |  |  |  | — |  |  |  | 15,545 |
Prepaid expenses and other current assets |  | 673 |  |  |  | (24 | ) | (b) |  | 649 |
Property and equipment |  | 3,768 |  |  |  | 1,638 |  | (c) |  | 5,406 |
Other assets |  | 5,311 |  |  |  | (517 | ) | (d) |  | 4,794 |
Accounts payable and accrued expenses |  | (31,919 | ) |  |  | (395 | ) | (c) |  | (32,314 | )
Deferred revenue |  | (10,051 | ) |  |  | 1,057 |  | (e) |  | (8,994 | )
Other long-term liabilities |  | (5,205 | ) |  |  | — |  |  |  | (5,205 | )
Net tangible assets acquired |  | (3,583 | ) |  |  | 2,176 |  |  |  | (1,407 | )
Identifiable intangible assets |  | 46,900 |  |  |  | (4,700 | ) | (f) |  | 42,200 |
In-process research and development |  | 2,500 |  |  |  | 100 |  | (f) |  | 2,600 |
Goodwill |  | 34,009 |  |  |  | 2,424 |  |  |  | 36,433 |
Total intangible assets acquired |  | 83,409 |  |  |  | (2,176 | ) |  |  | 81,233 |
Total net assets acquired | $ | 79,826 |  |  | $ | — |  |  | $ | 79,826 |
The changes during the period in the table above include: a) additional information on accounts receivable as of the acquisition date, b) additional information on prepaid expenses as of the acquisition date, c) update on preliminary estimate of the fair value of property and equipment which led to an increase, d) an adjustment of the fair value of deferred maintenance revenue and associated deferred cost of revenue, e) additional information on unpaid invoices as of the acquisition date, and f) revised fair value based on revisions to estimated useful life of identifiable intangible assets and in-process research and development acquired.
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 |  |  | $ | 32,700 |
Customer relationships |  |  | 4 |  |  |  | 5,100 |
Trade names |  | 4 - 5 |  |  |  | 2,600 |
Backlog |  |  | 1 |  |  |  | 1,800 |
Total identifiable intangible assets |  |  |  |  |  | $ | 42,200 |
Zebra Technologies Corporation |
Summary of 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 to $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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