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Balance Sheet Accounts | 9 Months Ended
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Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Balance Sheet Accounts |
5. | Balance Sheet Accounts
Cash and Marketable Securities The following is a summary of cash and marketable securities (in thousands):
|  | March 31, 2019 |  |  | June 30, 2018 |
Cash |  | $ | 156,813 |  |  | $ | 121,139 |
Marketable securities (consisting of available-for-sale securities) |  |  | 262 |  |  |  | 1,459 |
Total cash and marketable securities |  | $ | 157,075 |  |  | $ | 122,598 |
Marketable equity securities are recorded in “Prepaid expense and other current assets” in the accompanying condensed consolidated balance sheets as these securities are publicly-traded with readily determinable values. Marketable equity securities are classified as available-for-sale and reported at fair value with unrealized gains and losses included in “Other (expense) income, net” in the accompanying condensed consolidated statements of operations. Inventories The Company values its inventory at lower of cost or net realizable value. Cost is computed using standard cost, which approximates actual cost, on a first-in, first-out basis. The Company adjusts the carrying value of its inventory when conditions exist that suggest that inventory may be in excess of anticipated demand or is obsolete based upon assumptions about future demand. At the point of the loss recognition, a new, lower-cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Any written down or obsolete inventory subsequently sold has not had a material impact on gross margin for any of the periods presented. Inventories consist of the following (in thousands):
|  | March 31, 2019 |  |  | June 30, 2018 |
Finished goods |  | $ | 42,727 |  |  | $ | 49,393 |
Raw materials |  |  | 14,918 |  |  |  | 14,474 |
Total Inventories |  | $ | 57,645 |  |  | $ | 63,867 |
Property and Equipment, Net Property and equipment consist of the following (in thousands):
|  | March 31, 2019 |  |  | June 30, 2018 |
Computers and equipment |  | $ | 72,201 |  |  | $ | 60,677 |
Purchased software |  |  | 25,501 |  |  |  | 21,389 |
Office equipment, furniture and fixtures |  |  | 11,710 |  |  |  | 14,980 |
Leasehold improvements |  |  | 51,183 |  |  |  | 50,070 |
Total property and equipment |  |  | 160,595 |  |  |  | 147,116 |
Less: accumulated depreciation and amortization |  |  | (87,538 | ) |  |  | (68,597 | )
Property and equipment, net |  | $ | 73,057 |  |  | $ | 78,519 |
Deferred Revenue Deferred revenue represents amounts for (i) deferred maintenance and support revenue and (ii) other deferred revenue including professional services and training when the revenue recognition criteria have not been met. Guarantees and Product Warranties The Company’s standard hardware warranty period is typically 12 months from the date of shipment to end-users and 90 days for software. For certain products, the Company offers a limited lifetime hardware warranty commencing on the date of shipment from the Company and ending five (5) years following the Company’s announcement of the end of sale of such product. Upon shipment of products to its customers, the Company estimates expenses for the cost to repair or replace products that may be returned under warranty and accrues a liability in cost of product revenue for this amount. The determination of the Company’s warranty requirements is based on actual historical experience with the product or product family, estimates of repair and replacement costs and any product warranty problems that are identified after shipment. The Company estimates and adjusts these accruals at each balance sheet date in accordance with changes in these factors. The following table summarizes the activity related to the Company’s product warranty liability during the three and nine months ended March 31, 2019 and 2018 (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, 2019 |  |  | March 31, 2018 |  |  | March 31, 2019 |  |  | March 31, 2018 |
Balance beginning of period |  | $ | 12,808 |  |  | $ | 13,010 |  |  | $ | 12,807 |  |  | $ | 10,584 |
Warranties assumed due to acquisitions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,682 |
New warranties issued |  |  | 4,510 |  |  |  | 2,872 |  |  |  | 12,377 |  |  |  | 6,801 |
Warranty expenditures |  |  | (4,112 | ) |  |  | (3,070 | ) |  |  | (11,978 | ) |  |  | (8,255 | )
Balance end of period |  | $ | 13,206 |  |  | $ | 12,812 |  |  | $ | 13,206 |  |  | $ | 12,812 |
To facilitate sales of its products in the normal course of business, the Company indemnifies its resellers and end-user customers with respect to certain matters. The Company has agreed to hold the customer harmless against losses arising from a breach of intellectual property infringement or other. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. It is not possible to estimate the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under these agreements have not had a material impact on its operating results or financial position. Other long-term liabilities The following is a summary of long-term liabilities (in thousands):
|  | March 31, 2019 |  |  | June 30, 2018 |
Acquisition related deferred payments, less current portion |  | $ | 10,526 |  |  | $ | 13,251 |
Contingent consideration obligations, less current portion |  |  | 3,025 |  |  |  | 4,898 |
Other contractual obligations, less current portion |  |  | 28,093 |  |  |  | 31,200 |
Other |  |  | 16,045 |  |  |  | 9,751 |
Total other long-term liabilities |  | $ | 57,689 |  |  | $ | 59,100 |
Concentrations The Company may be subject to concentration of credit risk as a result of certain financial instruments consisting of accounts receivable and marketable securities. The Company does not invest an amount exceeding 10% of its combined cash or cash equivalents in the securities of any one obligor or maker, except for obligations of the United States government, obligations of United States government agencies and money market accounts.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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