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Acquisition (Tables)

6 Months Ended

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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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

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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)

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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

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