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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 94,122 $ 76,225
Accounts receivable, net of allowances of $3,257 at June 30, 2016 and $2,396 at June 30, 2015 81,419 92,737
Inventories 40,989 58,014
Deferred income taxes   760
Prepaid expenses and other current assets 12,438 10,258
Total current assets 228,968 237,994
Property and equipment, net 29,580 39,862
Intangible assets, net 19,762 52,132
Goodwill 70,877 70,877
Other assets 25,662 27,795
Total assets 374,849 428,660
Current liabilities:    
Current portion of long-term debt 17,875 11,375
Accounts payable 30,711 40,135
Accrued compensation and benefits 27,145 25,195
Accrued warranty 9,600 8,676
Deferred revenue, net 72,934 76,551
Deferred distributors revenue, net of cost of sales to distributors 26,817 40,875
Other accrued liabilities 26,691 32,623
Total current liabilities 211,773 235,430
Deferred revenue, less current portion 21,926 23,231
Long-term debt, less current portion 37,625 55,500
Deferred income taxes 4,693 2,979
Other long-term liabilities 8,635 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; 104,942,665 shares issued and outstanding at June 30, 2016 and 100,284,106 shares issued and outstanding at June 30, 2015 105 100
Additional paid-in-capital 884,706 865,282
Accumulated other comprehensive loss (2,874) (1,291)
Accumulated deficit (791,740) (759,856)
Total stockholders’ equity 90,197 104,235
Total liabilities and stockholders’ equity $ 374,849 $ 428,660