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Business Combinations (Tables)
6 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The following table below summarizes the allocation as of December 31, 2016 of the tangible and identifiable intangible assets acquired and liabilities assumed:

 

 

 

 

December 31,

2016

 

Receivables

 

$

17,818

 

Inventory

 

 

12,408

 

Other current assets

 

 

808

 

Property and equipment

 

 

1,780

 

Identifiable intangible assets

 

 

20,500

 

In-process research and development

 

 

1,600

 

Other assets

 

 

7,634

 

Goodwill

 

 

9,836

 

Current liabilities

 

 

(7,763

)

Deferred revenue

 

 

(13,533

)

Total purchase price allocation

 

$

51,088

 

 

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 acquisition (in thousands):

 

 

Intangible Assets

 

Estimated Useful Life

(in years)

 

Amount

 

Developed technology

 

6

 

$

14,500

 

Customer relationships

 

4

 

 

3,400

 

Trademarks

 

5

 

 

2,600

 

Total identifiable intangible assets

 

 

 

$

20,500

 

 

Summary of Unaudited Pro Forma Financial Information

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

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

2016

 

 

December 31,

2015

 

 

December 31,

2016

 

 

December 31,

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenues

 

$

158,929

 

 

$

174,679

 

 

$

314,025

 

 

$

330,665

 

Net income (loss)

 

$

3,920

 

 

$

(12,006

)

 

$

(4,786

)

 

$

(41,509

)

Net earnings (loss) per share - basic

 

$

0.04

 

 

$

(0.12

)

 

$

(0.04

)

 

$

(0.41

)

Net earnings (loss) per share - diluted

 

$

0.04

 

 

$

(0.12

)

 

$

(0.04

)

 

$

(0.41

)

Shares used in per share calculation - basic

 

 

107,425

 

 

 

102,369

 

 

 

106,690

 

 

 

101,677

 

Shares used in per share calculation - diluted

 

 

110,152

 

 

 

102,369

 

 

 

106,690

 

 

 

101,677