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Business Combination (Tables) | 3 Months Ended
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Sep. 30, 2019
Summary of Unaudited Pro Forma Financial Information |
|  | Three Months Ended |
|  | September 30, 2019 |  |  | September 30, 2018 |
Net revenues |  | $ | 267,678 |  |  | $ | 279,234 |
Net loss |  | $ | (24,084 | ) |  | $ | (39,085 | )
Net loss per share - basic and diluted |  | $ | (0.20 | ) |  | $ | (0.33 | )
Shares used in per share calculation - basic and diluted |  |  | 120,226 |  |  |  | 117,368 |
Aerohive Networks, Inc. |
Components of Aggregate Estimated Purchase Consideration | The components of aggregate estimated purchase consideration are as follows (in thousands):
Estimated purchase consideration | August 9, 2019 |
Cash paid to acquire outstanding shares | $ | 263,616 |
Replacement of stock-based awards |  | 3,530 |
Aggregate estimated purchase consideration | $ | 267,146 |
Summary of Preliminary Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed | The preliminary purchase price allocation is set forth in the table below and reflects estimated fair values (in thousands).
| Preliminary Allocation as of August 9, 2019 |
Cash and cash equivalents | $ | 44,158 |
Short-term investments |  | 45,148 |
Accounts receivable, net |  | 11,753 |
Inventories |  | 16,698 |
Prepaid expenses and other current assets |  | 3,980 |
Property and equipment |  | 2,185 |
Operating lease right-of-use assets |  | 6,336 |
Other assets |  | 2,195 |
Debt |  | (20,000 | )
Accounts payable |  | (9,737 | )
Accrued compensation and benefits |  | (7,129 | )
Accrued warranty |  | (570 | )
Other accrued liabilities |  | (1,960 | )
Operating lease liabilities |  | (4,752 | )
Deferred revenue |  | (68,415 | )
Other liabilities |  | (408 | )
Net tangible assets |  | 19,482 |
Identifiable intangible assets |  | 53,400 |
Goodwill |  | 194,264 |
Total intangible assets acquired |  | 247,664 |
Total net assets acquired | $ | 267,146 |
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 |  |  | 4 |  |  | $ | 40,000 |
Backlog |  |  | 1 |  |  |  | 400 |
Customer relationships |  |  | 7 |  |  |  | 11,400 |
Trade names |  |  | 1.5 |  |  |  | 1,600 |
Total identifiable intangible assets |  |  |  |  |  | $ | 53,400 |

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