Income Taxes (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes is as follows (in thousands):



	Year Ended
	June 30, 2015			June 30, 2014			June 30, 2013
Domestic	$	(72,176	)	$	(70,321	)	$	14,692
Foreign	5,340			17,200			(3,341		)
Total	$	(66,836	)	$	(53,121	)	$	11,351

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for fiscal years 2015, 2014 and 2013 consisted of the following (in thousands):



	Year Ended
	June 30, 2015		June 30, 2014			June 30, 2013
Current:
Federal	$	476	$	22		$	225
State	13		329			140
Foreign	2,447		2,987			1,163
Total current	2,936		3,338			1,528
Deferred:
Federal	1,507		1,632			15
State	103		76			—
Foreign	261		(857		)	135
Total deferred	1,871		851			150
Provision for income taxes	$	4,807	$	4,189		$	1,678

Schedule of Effective Income Tax Rate Reconciliation

The difference between the provision for income taxes and the amount computed by applying the federal statutory income tax rate (35 percent) to income before taxes is explained below (in thousands):



	Year Ended
	June 30, 2015			June 30, 2014			June 30, 2013
Tax at federal statutory rate	$	(23,392	)	$	(18,592	)	$	3,973
State income tax, net of federal benefit	13			329			105
Change in valuation allowance	24,105			20,729			(3,687		)
Foreign earnings taxed at other than U.S. rates	(1,113		)	(346		)	498
Deferred compensation	2,298			348			845
Goodwill amortization	1,690			1,097			—
Other	1,206			624			(56		)
Provision for income taxes	$	4,807		$	4,189		$	1,678

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets are as follows (in thousands):



	June 30, 2015			June 30, 2014			June 30, 2013
Deferred tax assets:
Net operating loss carry-forwards	$	114,151		$	97,630		$	85,276
Tax credit carry-forwards	30,824			30,019			28,882
Depreciation	—			129			—
Intangible amortization	17,978			6,061			—
Deferred revenue (net)	7,811			10,540			9,710
Warrant amortization	1,355			2,723			3,991
Inventory write-downs	6,048			3,265			2,759
Other allowances and accruals	8,645			6,380			3,658
Stock based compensation	6,783			6,257			2,973
Other	5,902			10,772			5,741
Total deferred tax assets	199,497			173,776			142,990
Valuation allowance	(197,576		)	(172,475		)	(142,023		)
Total net deferred tax assets	1,921			1,301			967
Deferred tax liabilities:
Depreciation	(707		)	—			(388		)
Goodwill amortization	(2,787		)	(1,097		)	—
Brazilian foreign exchange gain	—			(2,670		)	—
Deferred tax liability on foreign withholdings	(194		)	(167		)	(134		)
Total deferred tax liabilities	(3,688		)	(3,934		)	(522		)
Net deferred tax assets (liabilities)	$	(1,767	)	$	(2,633	)	$	445
Recorded as:
Net current deferred tax assets	$	760		$	1,058		$	386
Net non-current deferred tax assets	452			230			294
Net current deferred tax liabilities	—			(2,657		)	(235		)
Net non-current deferred tax liabilities	(2,979		)	(1,264		)	—
Net deferred tax assets (liabilities)	$	(1,767	)	$	(2,633	)	$	445

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of total unrecognized tax benefits is as follows (in thousands):



Balance at June 30, 2012	$	25,746
Decrease related to prior year tax positions	(14,966		)
Increase related to prior year tax positions	45
Increase related to current year tax positions	270
Lapse of statute of limitations	(197		)
Balance at June 30, 2013	$	10,898
Decrease related to prior year tax positions	—
Increase related to prior year tax positions	415
Increase related to current year tax positions	464
Lapse of statute of limitations	(177		)
Balance at June 30, 2014	$	11,600
Decrease related to prior year tax positions	(225		)
Increase related to prior year tax positions	288
Increase related to current year tax positions	254
Lapse of statute of limitations	(158		)
Settlements with tax authorities	(400		)
Balance at June 30, 2015	$	11,359