Business Combinations (Tables)

12 Months Ended

Jun. 30, 2023

Summary of Unaudited Pro Forma Financial Information

The following table summarizes the unaudited pro forma financial information (in thousands, except per share amounts):

	Year Ended
	June 30, 2022		June 30, 2021
Net revenue	$	1,115,942	$	1,031,825
Net income	$	53,659	$	(6,755	)
Net income per share – basic	$	0.41	$	(0.05	)
Net income per share – diluted	$	0.40	$	(0.05	)
Shares used in per share calculation – basic		129,437		124,019
Shares used in per share calculation – diluted		133,494		124,019

Ipanema

Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The following table below summarizes the purchase price allocation of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands):

	Final Allocation as of June 30, 2022
Cash and cash equivalents	$	1,364
Accounts receivable, net		1,434
Inventories		274
Prepaid expenses and other current assets		610
Property and equipment		46
Other assets		21
Accounts payable		(976	)
Accrued compensation and benefits		(1,837	)
Accrued warranty		(41	)
Other accrued liabilities		(122	)
Deferred revenue		(10,134	)
Deferred taxes		(4,320	)
Other liabilities		(723	)
Net tangible liabilities		(14,404	)
Identifiable intangible assets		16,300
Goodwill		68,985
Total intangible assets acquired		85,285
Total net assets acquired	$	70,881

Schedule of Identifiable Intangible Assets Acquired as Part of Acquisition

The following table presents details of the identifiable intangible assets acquired as part of the Ipanema acquisition (in thousands, except years)

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