| Accounting Policies [Abstract] | Period [Axis] |
|---|
2015-07-01 - 2016-06-30 |
|---|
Accounting Policies [Abstract] | |
Allowance for Credit Losses on Financing Receivables |
The following table is a summary of our allowance for product returns (in thousands).
|
Description |
|
Balance at
beginning of
period |
|
|
Additions |
|
|
(Deductions) |
|
|
Balance at
end of period |
|
|
Year Ended June 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for product returns |
|
$ |
1,080 |
|
|
$ |
3,478 |
|
|
$ |
(2,949 |
) |
|
$ |
1,609 |
|
|
Year Ended June 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for product returns |
|
|
2,700 |
|
|
|
3,306 |
|
|
|
(4,926 |
) |
|
|
1,080 |
|
|
Year Ended June 30, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for product returns |
|
$ |
777 |
|
|
$ |
3,063 |
|
|
$ |
(1,140 |
) |
|
$ |
2,700 |
|
The following table is a summary of the allowance for doubtful accounts (in thousands).
|
Description |
|
Balance at
beginning of
period |
|
|
Charges to
bad debt
expenses |
|
|
Deductions (1) |
|
|
Balance at
end of period |
|
|
Year Ended June 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for doubtful accounts |
|
$ |
1,316 |
|
|
$ |
834 |
|
|
$ |
(502 |
) |
|
$ |
1,648 |
|
|
Year Ended June 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for doubtful accounts |
|
|
918 |
|
|
|
940 |
|
|
|
(542 |
) |
|
|
1,316 |
|
|
Year Ended June 30, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for doubtful accounts |
|
$ |
475 |
|
|
$ |
468 |
|
|
$ |
(25 |
) |
|
$ |
918 |
|
|
Schedule of Revenue by Major Customers by Reporting Segments |
The following table sets forth major customers accounting for 10% or more of our net revenue:
|
|
|
Year Ended |
|
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
June 30,
2014 |
|
|
Tech Data Corporation |
|
|
17 |
% |
|
|
15 |
% |
|
|
11 |
% |
|
Westcon Group Inc. |
|
|
14 |
% |
|
|
15 |
% |
|
|
11 |
% |
|
Jenne |
|
|
14 |
% |
|
* |
|
|
* |
|
|
* |
Less than 10% of net revenue |
The following table sets forth major customers accounting for 10% or more of our accounts receivable balance.
|
|
|
Year Ended |
|
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
June 30,
2014 |
|
|
Westcon Group Inc. |
|
|
19 |
% |
|
|
27 |
% |
|
|
19 |
% |
|
Tech Data Corporation |
|
|
11 |
% |
|
* |
|
|
|
13 |
% |
|
* |
Less than 10% of accounts receivable | |
Schedule of Inventory |
The following is a summary of our inventory by category (in thousands).
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Finished goods |
|
$ |
38,751 |
|
|
$ |
55,301 |
|
|
Raw materials |
|
|
2,238 |
|
|
|
2,713 |
|
|
Total Inventory |
|
$ |
40,989 |
|
|
$ |
58,014 |
|
|
Cash, Cash Equivalents and Investments |
The following is a summary of Cash and Available-for-Sale Securities (in thousands)
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Cash |
|
$ |
89,847 |
|
|
$ |
71,455 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
$ |
4,275 |
|
|
$ |
4,770 |
|
|
Total available-for-sale |
|
$ |
4,275 |
|
|
$ |
4,770 |
|
|
|
|
|
|
|
|
|
|
|
|
Total cash, cash equivalents and available for sale securities |
|
$ |
94,122 |
|
|
$ |
76,225 |
|
|
Available-for-sale Securities |
The following is a summary of available-for-sale securities (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Unrealized |
|
|
Unrealized |
|
|
|
|
Amortized |
|
|
|
|
|
|
Holding |
|
|
Holding |
|
|
|
|
Cost |
|
|
Fair Value |
|
|
Gains |
|
|
Losses |
|
|
June 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
4,275 |
|
|
$ |
4,275 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
$ |
4,275 |
|
|
$ |
4,275 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Classified as: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
$ |
4,275 |
|
|
$ |
4,275 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
$ |
4,275 |
|
|
$ |
4,275 |
|
|
$ |
— |
|
|
$ |
— |
|
|
June 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
4,770 |
|
|
$ |
4,770 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
$ |
4,770 |
|
|
$ |
4,770 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Classified as: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents |
|
$ |
4,770 |
|
|
$ |
4,770 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
$ |
4,770 |
|
|
$ |
4,770 |
|
|
$ |
— |
|
|
$ |
— |
|
The Company did not have any available-for sale investments in debt securities at June 30, 2016. |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following table presents the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring basis (in thousands):
|
June 30, 2016 |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
4,275 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,275 |
|
|
Total |
|
$ |
4,275 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,275 |
|
|
June 30, 2015 |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
4,770 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,770 |
|
|
Total |
|
$ |
4,770 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,770 |
|
|
Property, Plant and Equipment |
Property and equipment consist of the following (in thousands):
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Computer equipment |
|
$ |
34,657 |
|
|
$ |
32,753 |
|
|
Purchased software |
|
|
5,574 |
|
|
|
5,425 |
|
|
Office equipment, furniture and fixtures |
|
|
10,385 |
|
|
|
10,908 |
|
|
Leasehold improvements |
|
|
19,342 |
|
|
|
24,293 |
|
|
Total property and equipment |
|
|
69,958 |
|
|
|
73,379 |
|
|
Less: accumulated depreciation and amortization |
|
|
(40,378 |
) |
|
|
(33,517 |
) |
|
Property and equipment, net |
|
$ |
29,580 |
|
|
$ |
39,862 |
|
|
Schedule of Goodwill |
The following table reflects the changes in the carrying amount of goodwill (in thousands):
|
|
|
June 30, |
|
|
June 30, |
|
|
|
|
2016 |
|
|
2015 |
|
|
Balance at beginning of period |
|
$ |
70,877 |
|
|
$ |
70,877 |
|
|
Changes during period |
|
|
— |
|
|
|
— |
|
|
Balance at end of period |
|
$ |
70,877 |
|
|
$ |
70,877 |
|
|
Schedule of Intangible Assets |
The following tables summarize the components of gross and net intangible asset balances (dollars in thousands):
|
|
|
Weighted Average |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Remaining Amortization |
|
Gross Carrying |
|
|
Accumulated |
|
|
Net Carrying |
|
|
|
|
Period |
|
Amount |
|
|
Amortization |
|
|
Amount |
|
|
June 30, 2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Developed technology |
|
0.20 years |
|
$ |
48,000 |
|
|
$ |
43,028 |
|
|
$ |
4,972 |
|
|
Customer relationships |
|
0.30 years |
|
|
37,000 |
|
|
|
32,889 |
|
|
|
4,111 |
|
|
Maintenance contracts |
|
2.30 years |
|
|
17,000 |
|
|
|
9,067 |
|
|
|
7,933 |
|
|
Trademarks |
|
0.30 years |
|
|
2,500 |
|
|
|
2,222 |
|
|
|
278 |
|
|
License agreements |
|
9.70 years |
|
|
3,413 |
|
|
|
1,473 |
|
|
|
1,940 |
|
|
Other intangibles |
|
3.70 years |
|
|
1,428 |
|
|
|
900 |
|
|
|
528 |
|
|
Total intangibles, net |
|
|
|
$ |
109,341 |
|
|
$ |
89,579 |
|
|
$ |
19,762 |
|
|
|
|
Weighted Average |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Remaining Amortization |
|
Gross Carrying |
|
|
Accumulated |
|
|
Net Carrying |
|
|
|
|
Period |
|
Amount |
|
|
Amortization |
|
|
Amount |
|
|
June 30, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Developed technology |
|
1.20 years |
|
$ |
48,000 |
|
|
$ |
28,194 |
|
|
$ |
19,806 |
|
|
Customer relationships |
|
1.30 years |
|
|
37,000 |
|
|
|
20,556 |
|
|
|
16,444 |
|
|
Maintenance contracts |
|
3.30 years |
|
|
17,000 |
|
|
|
5,667 |
|
|
|
11,333 |
|
|
Trademarks |
|
1.30 years |
|
|
2,500 |
|
|
|
1,389 |
|
|
|
1,111 |
|
|
Order backlog |
|
0.30 years |
|
|
7,400 |
|
|
|
6,967 |
|
|
|
433 |
|
|
License agreements |
|
10.20 years |
|
|
10,924 |
|
|
|
8,620 |
|
|
|
2,304 |
|
|
Other intangibles |
|
3.80 years |
|
|
2,684 |
|
|
|
1,983 |
|
|
|
701 |
|
|
Total intangibles, net |
|
|
|
$ |
125,508 |
|
|
$ |
73,376 |
|
|
$ |
52,132 |
|
|
Schedule of Amortization Expense of Intangibles |
The following table summarizes the amortization expense of intangibles for the periods presented (in thousands):
|
|
|
Year Ended |
|
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
June 30,
2014 |
|
|
Amortization in "Cost of revenue for products" |
|
$ |
15,369 |
|
|
$ |
18,082 |
|
|
$ |
12,060 |
|
|
Amortization of intangibles |
|
|
17,001 |
|
|
|
17,869 |
|
|
|
16,711 |
|
|
Total amortization |
|
$ |
32,370 |
|
|
$ |
35,951 |
|
|
$ |
28,771 |
|
|
Schedule of Expected Amortization Expense |
The estimated future amortization expense to be recorded for each of the next five years is as follows (in thousands):
|
For the fiscal year ending: |
|
|
|
|
|
2017 |
|
$ |
13,323 |
|
|
2018 |
|
|
3,724 |
|
|
2019 |
|
|
1,457 |
|
|
2020 |
|
|
264 |
|
|
2021 |
|
|
139 |
|
|
Thereafter, |
|
|
855 |
|
|
Total |
|
$ |
19,762 |
|
|
Deferred Revenue, by Arrangement, Disclosure |
The following table summarizes deferred revenue (in thousands):
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Deferred maintenance revenue |
|
$ |
83,419 |
|
|
$ |
87,441 |
|
|
Deferred product and other revenue |
|
|
11,441 |
|
|
|
12,341 |
|
|
Total deferred revenue, net |
|
|
94,860 |
|
|
|
99,782 |
|
|
Less: current portion |
|
|
72,934 |
|
|
|
76,551 |
|
|
Non-current deferred revenue, net |
|
$ |
21,926 |
|
|
$ |
23,231 |
|
|
Deferred Revenue Roll Forward |
The change in the Company’s deferred maintenance revenue balance in relation to these arrangements was as follows (in thousands):
|
|
|
Year Ended |
|
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Balance beginning of period |
|
$ |
87,441 |
|
|
$ |
89,657 |
|
|
New maintenance arrangements |
|
|
110,192 |
|
|
|
119,906 |
|
|
Recognition of maintenance revenue |
|
|
(114,214 |
) |
|
|
(122,122 |
) |
|
Balance end of period |
|
|
83,419 |
|
|
|
87,441 |
|
|
Less: current portion |
|
|
61,493 |
|
|
|
64,210 |
|
|
Non-current deferred revenue |
|
$ |
21,926 |
|
|
$ |
23,231 |
|
|
Schedule of Deferred Distributors Revenue |
The following table summarizes deferred distributors revenue, net of cost of sales to distributors (in thousands):
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Deferred distributors revenue |
|
$ |
35,138 |
|
|
$ |
53,366 |
|
|
Deferred cost of sales to distributors |
|
|
(8,321 |
) |
|
|
(12,491 |
) |
|
Deferred distributors revenue, net of cost of sales to distributors |
|
$ |
26,817 |
|
|
$ |
40,875 |
|
|
Schedule of Debt |
The Company's debt is comprised of the following (in thousands):
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Current portion of long-term debt: |
|
|
|
|
|
|
|
|
|
Term Loan |
|
$ |
17,875 |
|
|
$ |
11,375 |
|
|
Current portion of long-term debt |
|
$ |
17,875 |
|
|
$ |
11,375 |
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt, less current portion: |
|
|
|
|
|
|
|
|
|
Term Loan |
|
$ |
27,625 |
|
|
$ |
45,500 |
|
|
Revolving Facility |
|
|
10,000 |
|
|
|
10,000 |
|
|
Total long-term debt, less current portion |
|
|
37,625 |
|
|
|
55,500 |
|
|
Total debt |
|
$ |
55,500 |
|
|
$ |
66,875 |
|
|
Schedule of Maturities of Long-term Debt |
The Company's debt repayment schedule by period is as follows (in thousands):
|
For the fiscal year ending: |
|
|
|
|
|
2017 |
|
$ |
17,875 |
|
|
2018 |
|
|
21,938 |
|
|
2019 |
|
|
15,687 |
|
|
Total |
|
$ |
55,500 |
|
|
Schedule of Product Warranty Liability |
The following table summarizes the activity related to the Company’s product warranty liability during the following period (in thousands):
|
|
|
Year Ended |
|
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Balance beginning of period |
|
$ |
8,676 |
|
|
$ |
7,551 |
|
|
New warranties issued |
|
|
8,176 |
|
|
|
8,822 |
|
|
Warranty expenditures |
|
|
(7,252 |
) |
|
|
(7,697 |
) |
|
Balance end of period |
|
$ |
9,600 |
|
|
$ |
8,676 |
|
|
Schedule of Other Accrued Liabilities |
The following are the components of other accrued liabilities (in thousands):
|
|
|
June 30,
2016 |
|
|
June 30,
2015 |
|
|
Accrued general and administrative costs |
|
$ |
4,079 |
|
|
$ |
1,204 |
|
|
Restructuring |
|
|
2,522 |
|
|
|
5,854 |
|
|
Other accrued liabilities |
|
|
20,090 |
|
|
|
25,565 |
|
|
Total other accrued liabilities |
|
$ |
26,691 |
|
|
$ |
32,623 |
|
|