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Summary of Business and Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2013
Impact of Accounting Change Retrospectively Adopted on Condensed Consolidated Balance Sheet

The following tables present the effect on the consolidated financial statements of the accounting change that was retrospectively adopted on July 1, 2012:

 

Consolidated Balance Sheet

 

 

(in thousands)

June 30, 2012

 

 

As Previously
Reported

 

 

Adjustment
(1)

 

 

As
Adjusted

 

Deferred commissions             

$

 

 

$

  955

 

 

$

  955

 

Total current assets             

$

  17,276

 

 

$

  955

 

 

$

  18,231

 

Deferred commissions, net of current portion             

$

 

 

$

  643

 

 

$

  643

 

Total assets             

$

  26,345

 

 

$

  1,598

 

 

$

  27,943

 

Accumulated deficit             

$

(323,616

)

 

$

  1,598

 

 

$

(322,018

)

Total stockholders’ equity             

$

  2,315

 

 

$

  1,598

 

 

$

  3,913

 

Total liabilities and stockholders’ equity             

$

  26,345

 

 

$

  1,598

 

 

$

  27,943

 

 

Impact of Accounting Change Retrospectively Adopted on Condensed Consolidated Statement of Operations

Consolidated Statement of Operations

Year Ended

 

(in thousands)

June 30, 2012

 

 

As Previously
Reported

 

 

Adjustment
(1)

 

 

As
Adjusted

 

Sales and marketing             

$

  21,181

 

 

$

(1,095

)

 

$

  20,086

 

Total operating expense             

$

  33,056

 

 

$

(1,095

)

 

$

  31,961

 

Income / (loss) from operations             

$

(3,128

)

 

$

  1,095

 

 

$

(2,033

)

Net income / (loss) before income tax provision             

$

(4,527

)

 

$

  1,095

 

 

$

(3,432

)

Net income / (loss)             

$

(4,917

)

 

$

  1,095

 

 

$

(3,822

)

Basic net income / (loss) per share             

$

(0.20

)

 

$

  0.04

 

 

$

(0.16

)

Diluted net income / (loss) per share             

$

(0.20

)

 

$

  0.04

 

 

$

(0.16

)

 

Consolidated Statement of Operations

Year Ended

 

(in thousands)

June 30, 2011

 

 

As Previously
Reported

 

 

Adjustment
(1)

 

 

As
Adjusted

 

Sales and marketing             

$

  13,932

 

 

$

  139

 

 

$

  14,071

 

Total operating expense             

$

  23,457

 

 

$

  139

 

 

$

  23,596

 

Income / (loss) from operations             

$

  9,692

 

 

$

(139

)

 

$

  9,553

 

Net income / (loss) before income tax provision             

$

  8,707

 

 

$

(139

)

 

$

  8,568

 

Net income / (loss)             

$

  8,511

 

 

$

(139

)

 

$

  8,372

 

Basic net income / (loss) per share             

$

  0.37

 

 

$

(0.00

)

 

$

  0.37

 

Diluted net income / (loss) per share             

$

  0.35

 

 

$

(0.01

)

 

$

  0.34

 

 

Impact of Accounting Change Retrospectively Adopted on Condensed Consolidated Statement of Comprehensive Income

Consolidated Statement of Comprehensive Loss

Year Ended

 

(in thousands)

June 30, 2012

 

 

As Previously
Reported

 

 

Adjustment
(1)

 

 

As
Adjusted

 

Net loss             

$

(4,917

)

 

$

  1,095

 

 

$

(3,822

)

Comprehensive loss             

$

(4,867

)

 

$

  1,095

 

 

$

(3,772

)

 

Consolidated Statement of Comprehensive Income

Year Ended

 

(in thousands)

June 30, 2011

 

 

As Previously
Reported

 

 

Adjustment
(1)

 

 

As
Adjusted

 

Net income             

$

  8,511

 

 

$

(139

)

 

$

  8,372

 

Comprehensive income             

$

  8,307

 

 

$

(139

)

 

$

  8,168

 

 

Impact of Accounting Change Retrospectively Adopted on Condensed Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flow

Year Ended

 

(in thousands)

June 30, 2012

 

 

As Previously
Reported

 

 

Adjustment
(1)

 

 

As
Adjusted

 

Net income / (loss)              

$

(4,917

)

 

$

  1,095

 

 

$

(3,822

)

Amortization of deferred commissions             

 

 

 

 

  628

 

 

 

  628

 

Deferred commissions             

$

 

 

$

(1,723

)

 

$

(1,723

)

 

Consolidated Statement of Cash Flow

Year Ended

 

(in thousands)

June 30, 2011

 

 

As Previously
Reported

 

 

Adjustment
(1)

 

 

As
Adjusted

 

Net income / (loss)              

$

  8,511

 

 

$

(139

)

 

$

  8,372

 

Amortization of deferred commissions             

 

 

 

 

  752

 

 

 

  752

 

Deferred commissions             

$

 

 

$

(613

)

 

$

(613

)

(1) Reflects the retrospective impact to sales commission expense as a result of the voluntary change to our sales commission expense policy which was adopted in the first quarter of fiscal year 2013.

Schedule of Calculation of Basic and Diluted Net Income/ (Loss) Per Common Share

        The following table represents the calculation of basic and diluted net income/ (loss) per common share (in thousands, except per share data):

 

 

Years Ended June 30,

 

2013

 

 

2012

 

 

2011

 

Net income/(loss) applicable to common stockholders             

$

  684

 

 

$

(3,822

) 

 

$

  8,372

  

Basic net income/(loss) per common share             

$

  0.03

 

 

$

(0.16

) 

 

$

  0.37

  

Weighted average common shares used in computing basic net income/(loss) per common share             

 

  24,780

  

 

 

  24,329

  

 

 

  22,709

  

Effect of dilutive options and warrants outstanding             

 

  1,309

 

 

 

 

 

 

  1,580

 

Weighted average common shares used in computing diluted net income/(loss) per common share             

 

  26,089

  

 

 

  24,329

  

 

 

  24,289

  

Diluted net income/(loss) per common share             

$

  0.03

 

 

$

(0.16

) 

 

$

  0.34

  

 

Schedule of Information Related to Geographic Areas

Information relating to our geographic areas for the fiscal years ended June 30, 2013, 2012 and 2011 is as follows (in thousands):

 

 

Total
Revenue

 

  

Operating
Income
(Loss)

 

 

Identifiable
Assets

 

Year ended June 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

North America             

$

  35,517

 

 

$

  4,148

 

 

$

  25,939

 

EMEA             

 

  23,025

 

 

 

  2,175

  

 

 

  10,964

 

Asia Pacific             

 

  347

 

 

 

(5,080

) 

 

 

  1,698

 

 

$

  58,889

 

 

$

  1,243

 

 

$

  38,601

 

Year ended June 30, 2012: (a)

 

 

 

 

 

 

 

 

 

 

 

North America             

$

  24,254

 

 

$

(464

) 

 

$

  15,692

 

EMEA             

 

  18,862

  

  

 

  2,490

  

 

 

  6,162

  

Asia Pacific             

 

  248

 

 

 

(4,059

) 

 

 

  1,209

 

 

$

  43,364

 

 

$

(2,033

) 

 

$

  23,063

 

Year ended June 30, 2011: (a)

 

 

 

 

 

 

 

 

 

 

 

North America             

$

  20,533

 

 

$

  2,685

  

 

$

  16,142

 

EMEA             

 

  23,396

 

 

 

  10,260

  

 

 

  6,015

 

Asia Pacific             

 

  136

 

 

 

(3,392

) 

 

 

  1,690

 

 

$

  44,065

 

 

$

  9,553

 

 

$

  23,847

 

          As adjusted, see Note 1

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Revenue

The following table provides the revenue for the fiscal years 2013, 2012 and 2011 (in thousands):

 

 

Year Ended June 30,

 

 

 

2013

 

 

 

2012

 

 

 

2011

 

Revenue:

 

 

 

  

 

 

 

  

 

 

 

Cloud services             

$

  19,056

  

  

$

  11,196

  

  

$

  9,244

  

Maintenance and support services             

 

  13,225

  

  

 

  12,398

  

  

 

  10,796

  

License             

 

  12,853

  

  

 

  11,067

  

  

 

  17,371

  

Professional services             

 

  13,755

  

  

 

  8,703

  

  

 

  6,654

  

 

$

  58,889

  

  

$

  43,364

  

  

$

  44,065