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Business Combinations (Tables)
9 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
Summary of Preliminary Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The following table below summarizes the preliminary allocation as of March 31, 2017 of the tangible and identifiable intangible assets acquired and liabilities assumed:

 

 

Preliminary Allocation as of December 31, 2016

 

 

Change during three months ended March 31, 2017

 

 

 

Preliminary Allocation as of March 31, 2017

 

Receivables/net

 

$

17,818

 

 

$

(3,182

)

(a)

 

$

14,636

 

Inventory

 

 

12,408

 

 

 

635

 

(b)

 

 

13,043

 

Other current assets

 

 

808

 

 

 

 

 

 

 

808

 

Property and equipment

 

 

1,780

 

 

 

1,379

 

(c)

 

 

3,159

 

Identifiable intangible assets

 

 

20,500

 

 

 

100

 

(d)

 

 

20,600

 

In-process research and development

 

 

1,600

 

 

 

 

 

 

 

1,600

 

Other assets

 

 

7,634

 

 

 

 

 

 

 

7,634

 

Goodwill

 

 

9,836

 

 

 

1,967

 

 

 

 

11,803

 

Current liabilities

 

 

(7,763

)

 

 

(273

)

(f)

 

 

(8,036

)

Deferred revenue

 

 

(13,533

)

 

 

(626

)

(g)

 

 

(14,159

)

Total purchase price allocation

 

$

51,088

 

 

$

-

 

 

 

$

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

 

$

14,600

 

Customer relationships

 

4

 

 

3,400

 

Trademarks

 

5

 

 

2,600

 

Total identifiable intangible assets

 

 

 

$

20,600

 

 

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

 

 

Nine Months Ended

 

 

 

March 31,

2017

 

 

March 31,

2016

 

 

March 31,

2017

 

 

March 31,

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenues

 

$

148,664

 

 

$

157,798

 

 

$

462,689

 

 

$

488,462

 

Net income (loss)

 

$

(2,774

)

 

$

(17,833

)

 

$

(7,560

)

 

$

(59,341

)

Net earnings (loss) per share - basic

 

$

(0.03

)

 

$

(0.17

)

 

$

(0.07

)

 

$

(0.58

)

Net earnings (loss) per share - diluted

 

$

(0.03

)

 

$

(0.17

)

 

$

(0.07

)

 

$

(0.58

)

Shares used in per share calculation - basic

 

 

109,213

 

 

 

104,104

 

 

 

107,531

 

 

 

102,486

 

Shares used in per share calculation - diluted

 

 

109,213

 

 

 

104,104

 

 

 

107,531

 

 

 

102,486