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Recent Accounting Pronouncements (Tables) | 9 Months Ended
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Mar. 31, 2018
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 Topic 606 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 tables present the effect of the adoption of Topic 606 on our condensed consolidated statements of operations (unaudited) for the three and nine months ended March 31, 2017 (in thousands, except per share amounts):
| Three Months Ended March 31, 2017 |
| As Reported |  |  | Adjustment |  |  | As Adjusted |
Net revenues |  |  |  |  |  |  |  |  |  |  |
Product | $ | 110,789 |  |  | $ | 532 |  |  | $ | 111,321 |
Service |  | 37,875 |  |  |  | — |  |  |  | 37,875 |
Total net revenues |  | 148,664 |  |  |  | 532 |  |  |  | 149,196 |
Cost of revenues |  |  |  |  |  |  |  |  |  |  |
Product |  | 52,401 |  |  |  | (126 | ) |  |  | 52,275 |
Service |  | 14,117 |  |  |  | — |  |  |  | 14,117 |
Total cost of revenues |  | 66,518 |  |  |  | (126 | ) |  |  | 66,392 |
Gross profit |  |  |  |  |  |  |  |  |  |  |
Product |  | 58,388 |  |  |  | 658 |  |  |  | 59,046 |
Service |  | 23,758 |  |  |  | — |  |  |  | 23,758 |
Total Gross profit |  | 82,146 |  |  |  | 658 |  |  |  | 82,804 |
Sales and marketing expenses |  | 38,759 |  |  |  | 31 |  |  |  | 38,790 |
Operating loss |  | (3,246 | ) |  |  | 627 |  |  |  | (2,619 | )
Net loss before tax |  | (4,438 | ) |  |  | 627 |  |  |  | (3,811 | )
Net loss | $ | (5,604 | ) |  | $ | 627 |  |  | $ | (4,977 | )
Basic and diluted net loss per share |  |  |  |  |  |  |  |  |  |  |
Net loss per share - basic | $ | (0.05 | ) |  |  |  |  |  | $ | (0.05 | )
Net loss per share - diluted | $ | (0.05 | ) |  |  |  |  |  | $ | (0.05 | )
Shares used in per share calculation - basic |  | 109,213 |  |  |  |  |  |  |  | 109,213 |
Shares used in per share calculation - diluted |  | 109,213 |  |  |  |  |  |  |  | 109,213 |
| Nine Months Ended March 31, 2017 |
| As Reported |  |  | Adjustment |  |  | As Adjusted |
Net revenues |  |  |  |  |  |  |  |  |  |  |
Product | $ | 310,709 |  |  | $ | 8,760 |  |  | $ | 319,469 |
Service |  | 108,708 |  |  |  | — |  |  |  | 108,708 |
Total net revenues |  | 419,417 |  |  |  | 8,760 |  |  |  | 428,177 |
Cost of revenues |  |  |  |  |  |  |  |  |  |  |
Product |  | 155,987 |  |  |  | 3,164 |  |  |  | 159,151 |
Service |  | 40,684 |  |  |  | — |  |  |  | 40,684 |
Total cost of revenues |  | 196,671 |  |  |  | 3,164 |  |  |  | 199,835 |
Gross profit |  |  |  |  |  |  |  |  |  |  |
Product |  | 154,722 |  |  |  | 5,596 |  |  |  | 160,318 |
Service |  | 68,024 |  |  |  | — |  |  |  | 68,024 |
Total Gross profit |  | 222,746 |  |  |  | 5,596 |  |  |  | 228,342 |
Sales and marketing expenses |  | 116,824 |  |  |  | (150 | ) |  |  | 116,674 |
Operating loss |  | (15,367 | ) |  |  | 5,746 |  |  |  | (9,621 | )
Net loss before tax |  | (17,442 | ) |  |  | 5,746 |  |  |  | (11,696 | )
Net loss | $ | (20,694 | ) |  | $ | 5,746 |  |  | $ | (14,948 | )
Basic and diluted net loss per share |  |  |  |  |  |  |  |  |  |  |
Net loss per share - basic | $ | (0.19 | ) |  |  |  |  |  | $ | (0.14 | )
Net loss per share - diluted | $ | (0.19 | ) |  |  |  |  |  | $ | (0.14 | )
Shares used in per share calculation - basic |  | 107,531 |  |  |  |  |  |  |  | 107,531 |
Shares used in per share calculation - diluted |  | 107,531 |  |  |  |  |  |  |  | 107,531 |
The following tables present the effect of the adoption of Topic 606 on our condensed consolidated statement of cash flows (unaudited) for the nine months ended March 31, 2017 (in thousands):
| Nine Months Ended March 31, 2017 |
| As Reported |  |  | Adjustment |  |  | As Adjusted |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |
Net loss | $ | (20,694 | ) |  | $ | 5,746 |  |  | $ | (14,948 | )
Changes in operating assets and liabilities, net |  |  |  |  |  |  |  |  |  |  |
Accounts receivable |  | (5,926 | ) |  |  | 13,158 |  |  |  | 7,232 |
Inventories |  | 6,344 |  |  |  | (1,620 | ) |  |  | 4,724 |
Prepaid expenses and other assets |  | 8,181 |  |  |  | (150 | ) |  |  | 8,031 |
Deferred distributors revenue, net of cost of sales to distributors |  | 17,441 |  |  |  | (17,441 | ) |  |  | — |
Other current and long-term liabilities |  | 5,887 |  |  |  | 307 |  |  |  | 6,194 |
Net cash provided by operating activities |  | 43,961 |  |  |  | — |  |  |  | 43,961 |
Cash flows from investing activities |  | (69,159 | ) |  |  | — |  |  |  | (69,159 | )
Cash flows from financing activities |  | 48,328 |  |  |  | — |  |  |  | 48,328 |
Foreign currency effect on cash |  | 28 |  |  |  | — |  |  |  | 28 |
Net increase in cash and cash equivalents | $ | 23,158 |  |  | $ | — |  |  | $ | 23,158 |

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