Balance Sheet Accounts (Tables)

6 Months Ended

Dec. 31, 2016

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Summary of Cash and Cash Equivalents

The following is a summary of cash and cash equivalents (in thousands):

	December 31, 2016		June 30, 2016
Cash	$	99,506	$	89,847
Cash equivalents		4,280		4,275
Total cash and cash equivalents	$	103,786	$	94,122

Components of Inventory

Inventory consists of the following (in thousands):

	December 31, 2016		June 30, 2016
Finished goods	$	45,679	$	38,751
Raw materials		1,715		2,238
Total Inventory	$	47,394	$	40,989

Components of Property and Equipment

Property and equipment consist of the following (in thousands):

	December 31, 2016			June 30, 2016
Computer equipment	$	35,547		$	34,657
Purchased software		10,013			5,574
Office equipment, furniture and fixtures		10,302			10,385
Leasehold improvements		21,601			19,342
Total property and equipment		77,463			69,958
Less: accumulated depreciation and amortization		(46,864	)		(40,378	)
Property and equipment, net	$	30,599		$	29,580

Components of Gross and Net Intangible Asset Balances

The following tables summarize the components of gross and net intangible asset balances (dollars in thousands):

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
December 31, 2016
Developed technology	5.69 years	$	55,500	$	41,165	$	14,335
Customer relationships	3.84 years		40,400		37,142		3,258
Maintenance contracts	1.84 years		17,000		10,767		6,233
Trademarks	4.84 years		5,100		2,586		2,514
License agreements	6.80 years		2,445		984		1,461
Other intangibles	3.20 years		1,382		929		453
Total intangibles, net with finite lives			121,827		93,573		28,254
In-process research and development, with indefinite life			1,600		-		1,600
Total intangibles, net		$	123,427	$	93,573	$	29,854

	Weighted Average
	Remaining Amortization	GrossCarrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2016
Developed technology	0.30 years	$	48,000	$	43,028	$	4,972
Customer relationships	0.30 years		37,000		32,889		4,111
Maintenance contracts	2.30 years		17,000		9,067		7,933
Trademarks	0.30 years		2,500		2,222		278
License agreements	9.70 years		3,413		1,473		1,940
Other intangibles	3.70 years		1,428		900		528
Total intangibles, net		$	109,341	$	89,579	$	19,762

Summary of Amortization Expense of Intangibles

The amortization expense of intangibles for the periods presented is summarized below (in thousands):

	Three Months Ended				Six Months Ended
	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
Amortization in "Cost of revenues: Product"	$	1,720	$	3,852	$	5,276	$	8,276
Amortization of intangibles		2,175		4,251		6,317		8,718
Total amortization	$	3,895	$	8,103	$	11,593	$	16,994

Summary of Goodwill

The following table summarizes goodwill for the periods presented (in thousands):

	December 31, 2016		June 30, 2016
Balance at beginning of period	$	70,877	$	70,877
Additions during period		9,836		—
Balance at end of period	$	80,713	$	70,877

Summary of Deferred Revenue, Net

The following table summarizes deferred revenue, net (in thousands): 

	December 31, 2016		June 30, 2016
Deferred maintenance	$	84,595	$	83,419
Deferred maintenance assumed due to acquisition		13,533		-
Deferred product and other revenue		7,795		11,441
Total deferred revenue, net		105,923		94,860
Less: current portion		81,404		72,934
Non-current deferred revenue, net	$	24,519	$	21,926

Schedule of Change in Deferred Support Revenue Balance

The change in the Company’s deferred support revenue balance in relation to these arrangements was as follows (in thousands):

	Three Months Ended						Six Months Ended
	December 31, 2016			December 31, 2015			December 31, 2016			December 31, 2015
Balance beginning of period	$	84,334		$	85,255		$	83,419		$	87,441
Deferred maintenance assumed due to acquisition		13,533			-			13,533			-
New maintenance arrangements		33,765			29,773			62,510			56,819
Recognition of maintenance  revenue		(33,504	)		(30,322	)		(61,334	)		(59,554	)
Balance end of period		98,128			84,706			98,128			84,706
Less: current portion		73,609			63,201			73,609			63,201
Non-current deferred revenue	$	24,519		$	21,505		$	24,519		$	21,505

Summary of Deferred Distributors Revenue

The following table summarizes deferred distributors revenue, net of cost of sales to distributors (in thousands):

	December 31, 2016			June 30, 2016
Deferred distributors revenue	$	54,471		$	35,138
Deferred cost of sales to distributors		(13,138	)		(8,321	)
Deferred distributors revenue, net of cost of sales to distributors	$	41,333		$	26,817

Components of Debt

The Company’s debt is comprised of the following (in thousands):

	December 31, 2016		June 30, 2016
Current portion of long-term debt:
Term Loan	$	10,020	$	17,628
Current portion of long-term debt	$	10,020	$	17,628
Long-term debt, less current portion:
Term Loan	$	77,127	$	27,446
Revolving Facility		10,000		10,000
Total long-term debt, less current portion		87,127		37,446
Total debt	$	97,147	$	55,074

Summary of Product Warranty Liability Activity

The following table summarizes the activity related to the Company’s product warranty liability during the three months ended December 31, 2016 and 2015 (in thousands):

	Three Months Ended						Six Months Ended
	December 31, 2016			December 31, 2015			December 31, 2016			December 31, 2015
Balance beginning of period	$	8,620		$	9,244		$	9,600		$	8,676
Warranties assumed due to acquisition		2,034			-			2,034			-
New warranties issued		1,176			2,956			2,104			5,520
Warranty expenditures		(1,602	)		(1,785	)		(3,510	)		(3,781	)
Balance end of period	$	10,228		$	10,415		$	10,228		$	10,415

Schedule of Major Customers Accounting for 10% or More of Net Revenue

The following table sets forth major customers accounting for 10% or more of our net revenue:

	Three Months Ended				Six Months Ended
	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
Tech Data Corporation		16%		19%		16%		16%
Jenne		14%		12%		15%		11%
Westcon Group Inc.		13%		14%		12%		15%
Avnet	*		*			11%	*

* Less than 10% of net revenue