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Business Combination (Tables) - Ipanema | 9 Months Ended
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Mar. 31, 2022
Summary of 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 September 14, 2021 |  |  |  |  | Adjustments |  |  | Allocation as of March 31, 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 changes made during the period in the table above include: a) measurement period adjustments attributable to the Company’s review of the additional information being obtained on preacquisition assets and liabilities, b) the increase in deferred revenue (and the corresponding increase to Goodwill by the same amount) is the result of the adoption of ASU 2021-08 in the period ended December 31, 2021, and c) establishment of deferred tax liability. 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 |
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, 2022 |  |  | March 31, 2021 |  |  | March 31, 2022 |  |  | March 31, 2021 |
Net revenues |  | $ | 285,508 |  |  | $ | 259,073 |  |  | $ | 837,251 |  |  | $ | 747,901 |
Net income (loss) |  | $ | 15,657 |  |  | $ | 750 |  |  | $ | 47,201 |  |  | $ | (16,127 | )
Net income (loss) per share - basic |  | $ | 0.12 |  |  | $ | 0.01 |  |  | $ | 0.36 |  |  | $ | (0.13 | )
Net income (loss) per share - diluted |  | $ | 0.12 |  |  | $ | 0.01 |  |  | $ | 0.35 |  |  | $ | (0.13 | )
Shares used in per share calculation - basic |  |  | 129,913 |  |  |  | 124,788 |  |  |  | 129,321 |  |  |  | 123,252 |
Shares used in per share calculation - diluted |  |  | 133,415 |  |  |  | 129,988 |  |  |  | 133,779 |  |  |  | 123,252 |

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