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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 88,334 $ 76,225
Accounts receivable, net of allowances of $5,090 at March 31, 2016 and $2,396 at June 30, 2015 62,670 92,737
Inventories 52,755 58,014
Deferred income taxes 577 760
Prepaid expenses and other current assets 9,710 10,258
Total current assets 214,046 237,994
Property and equipment, net 30,439 39,862
Intangible assets, net 27,425 52,132
Goodwill 70,877 70,877
Other assets 26,204 27,795
Total assets 368,991 428,660
Current liabilities:    
Current portion of long-term debt 16,250 11,375
Accounts payable 21,127 40,135
Accrued compensation and benefits 22,920 25,195
Accrued warranty 10,280 8,676
Deferred revenue, net 76,712 76,551
Deferred distributors revenue, net of cost of sales to distributors 23,933 40,875
Other accrued liabilities 30,182 32,623
Total current liabilities 201,404 235,430
Deferred revenue, less current portion 22,227 23,231
Long-term debt, less current portion 42,500 55,500
Deferred income taxes 3,941 2,979
Other long-term liabilities $ 8,634 $ 7,285
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Convertible preferred stock, $.001 par value, issuable in series, 2,000,000 shares authorized; none issued
Common stock, $.001 par value, 750,000,000 shares authorized; 104,700,580 shares issued and outstanding at March 31, 2016 and 100,284,106 shares issued and outstanding at June 30, 2015 $ 105 $ 100
Additional paid-in-capital 881,857 865,282
Accumulated other comprehensive loss (2,277) (1,291)
Accumulated deficit (789,400) (759,856)
Total stockholders’ equity 90,285 104,235
Total liabilities and stockholders’ equity $ 368,991 $ 428,660