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Business Combinations (Tables) | 12 Months Ended
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Jun. 30, 2022
Summary of Unaudited Pro Forma Financial Information | The following table summarizes the unaudited pro forma financial information (in thousands, except per share amounts):
| Year Ended |
| June 30, 2022 |  |  | June 30, 2021 |
Net revenues | $ | 1,115,942 |  |  | $ | 1,031,825 |
Net income (loss) | $ | 53,659 |  |  | $ | (6,755 | )
Net income (loss) per share - basic | $ | 0.41 |  |  | $ | (0.05 | )
Net income (loss) per share - diluted | $ | 0.40 |  |  | $ | (0.05 | )
Shares used in per share calculation - basic |  | 129,437 |  |  |  | 124,019 |
Shares used in per share calculation - diluted |  | 133,494 |  |  |  | 124,019 |
Ipanema |
Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed | The purchase price allocation is set forth in the table below and reflects estimated fair values (in thousands):
| Preliminary Allocation as of September 14, 2021 |  |  |  |  | Adjustments |  |  | Final Allocation as of June 30, 2022 |
Cash and cash equivalents | $ | 1,364 |  |  |  |  | $ | — |  |  | $ | 1,364 |
Accounts receivable, net |  | 1,440 |  |  |  |  |  | (6 | ) | a |  | 1,434 |
Inventories |  | 337 |  |  |  |  |  | (63 | ) | a |  | 274 |
Prepaid expenses and other current assets |  | 1,841 |  |  |  |  |  | (1,231 | ) | a |  | 610 |
Property and equipment |  | 46 |  |  |  |  |  | — |  |  |  | 46 |
Other assets |  | 21 |  |  |  |  |  | — |  |  |  | 21 |
Accounts payable |  | (1,220 | ) |  |  |  |  | 244 |  | a |  | (976 | )
Accrued compensation and benefits |  | (2,304 | ) |  |  |  |  | 467 |  | a |  | (1,837 | )
Accrued warranty |  | (41 | ) |  |  |  |  | — |  |  |  | (41 | )
Other accrued liabilities |  | (71 | ) |  |  |  |  | (51 | ) | a |  | (122 | )
Deferred revenue |  | (2,758 | ) |  |  |  |  | (7,376 | ) | a,b |  | (10,134 | )
Deferred taxes |  | - |  |  |  |  |  | (4,320 | ) | c |  | (4,320 | )
Other liabilities |  | (723 | ) |  |  |  |  | — |  |  |  | (723 | )
Net tangible liabilities |  | (2,068 | ) |  |  |  |  | (12,336 | ) |  |  | (14,404 | )
Identifiable intangible assets |  | 16,300 |  |  |  |  |  | — |  |  |  | 16,300 |
Goodwill |  | 56,649 |  |  |  |  |  | 12,336 |  | a,b,c |  | 68,985 |
Total intangible assets acquired |  | 72,949 |  |  |  |  |  | 12,336 |  |  |  | 85,285 |
Total net assets acquired | $ | 70,881 |  |  |  |  | $ | — |  |  | $ | 70,881 |
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 (in thousands):
Intangible Assets |  | Weighted Average Estimated Useful Life (in years) |  |  | Amount |
Developed technologies |  |  | 6 |  |  | $ | 14,500 |
Customer relationships |  |  | 4 |  |  |  | 1,800 |
Total identifiable intangible assets |  |  |  |  |  | $ | 16,300 |
Aerohive Networks, Inc. |
Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed | The purchase price allocation is set forth in the table below and reflects estimated fair values (in thousands).
| Final Allocation as of June 30, 2020 |
Cash and cash equivalents | $ | 44,158 |
Short-term investments |  | 45,148 |
Accounts receivable, net |  | 11,753 |
Inventories |  | 19,232 |
Prepaid expenses and other current assets |  | 3,924 |
Property and equipment |  | 2,364 |
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 |  | (483 | )
Net tangible assets |  | 22,064 |
Identifiable intangible assets |  | 52,500 |
Goodwill |  | 192,582 |
Total intangible assets acquired |  | 245,082 |
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 Aerohive acquisition (dollars in thousands):
Intangible Assets |  | Estimated Useful Life (in years) |  |  | Amount |
Developed technology |  |  | 4 |  |  | $ | 39,100 |
Backlog |  |  | 1 |  |  |  | 400 |
Customer relationships |  |  | 7 |  |  |  | 11,400 |
Trade names |  |  | 1 |  |  |  | 1,600 |
Total identifiable intangible assets |  |  |  |  |  | $ | 52,500 |
Components of Aggregate Purchase Consideration | The components of aggregate purchase consideration are as follows (in thousands):
Purchase consideration |  | August 9, 2019 |
Cash paid to acquire outstanding shares |  | $ | 263,616 |
Replacement of stock-based awards |  |  | 3,530 |
Aggregate purchase consideration |  | $ | 267,146 |

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