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Acquisition (Tables) | 6 Months Ended
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Dec. 31, 2014
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation | The purchase price for this acquisition had been allocated based on preliminary estimates of the fair values of the acquired assets and assumed liabilities at the date of acquisition as follows (in thousands):
Purchase consideration: |  |  |  |  |  |
Cash | $ | 7,841 |  |  |  |
Stock (1,164,189 shares of Company Stock) |  | 7,719 |  |  |  |
Other purchase consideration (includes 45,119 shares of Company Stock) |  | 588 |  |  |  |
Estimated working capital adjustment |  | 1,451 |  |  |  |
Total purchase price |  |  |  | $ | 17,599 |
Fair value of assets acquired and liabilities assumed: |  |  |  |  |  |
Cash and cash equivalents |  | 2,751 |  |  |  |
Restricted cash |  | 3,185 |  |  |  |
Accounts receivable |  | 2,850 |  |  |  |
Prepaid and other current assets |  | 281 |  |  |  |
Property and equipment |  | 315 |  |  |  |
Total assets acquired |  |  |  |  | 9,382 |
Accounts payable |  | (786) |  |  |  |
Accrued compensation |  | (3,139) |  |  |  |
Accrued liabilities |  | (352) |  |  |  |
Deferred revenue |  | (4,185) |  |  |  |
Other liabilities |  | (326) |  |  |  |
Total liabilities assumed |  |  |  |  | (8,788) |
Fair value of identifiable intangibles at acquisition-date: |  |  |  |  |  |
Developed technology |  | 6,990 |  |  |  |
Customer relationships |  | 2,990 |  |  |  |
Trade name |  | 150 |  |  |  |
Total identifiable intangibles at acquisition-date |  |  |  |  | 10,130 |
Deferred tax liability: |  |  |  |  | (1,475) |
Goodwill |  |  |  | $ | 8,350 |
Schedule of Finite Lived Intangible Assets | Intangible assets will be amortized over the estimated lives, as follows (in thousands):
Intangible Asset |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Balance |  | Life |  | Income Statement Category
Developed technology |  | $ 6,990 |  | $ (704) |  | $ 6,286 |  | 4 |  | Research and development expense
Customer relationships - software license |  | 1,380 |  | (278) |  | 1,102 |  | 2 |  | Sales and marketing expense
Customer relationships - maintenance license |  | 1,610 |  | (108) |  | 1,502 |  | 6 |  | Cost of sales
Trade name |  | 150 |  | (30) |  | 120 |  | 2 |  | General and administrative expense
|  | $ 10,130 |  | $ (1,120) |  | $ 9,010 |  |  |  |
Schedule of Estimated Future Amortization Expense for Intangible Assets Acquired | Estimated future amortization expense remaining at December 31, 2014 for intangible assets acquired is as follows:
|  | Year Ending |
|  | June 30, |
2015 |  | $ | 1,391 |
2016 |  |  | 2,781 |
2017 |  |  | 2,090 |
2018 |  |  | 2,016 |
2019 |  |  | 438 |
Thereafter |  |  | 294 |
Total future amortization expense |  | $ | 9,010 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472 + Details
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