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Business Combinations (Tables)
12 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Summary of Final Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The following table below summarizes the final allocation as of June 30, 2017, of the tangible and identifiable intangible assets acquired and liabilities assumed:

 

 

Preliminary Allocation as of

October 26, 2016

 

 

Adjustments

 

 

Final Allocation as of

June 30, 2017

 

Receivables, net

$

17,818

 

 

$

(3,182

)

(a)

$

14,636

 

Inventory

 

12,408

 

 

 

1,185

 

(b)

 

13,593

 

Other current assets

 

808

 

 

 

 

 

 

808

 

Property and equipment

 

1,780

 

 

 

1,379

 

(c)

 

3,159

 

Identifiable intangible assets

 

20,500

 

 

 

(200

)

(d)

 

20,300

 

In-process research and development

 

1,600

 

 

 

(200

)

(d)

 

1,400

 

Other assets

 

7,634

 

 

 

 

 

 

7,634

 

Goodwill

 

9,836

 

 

 

(497

)

 

 

9,339

 

Deferred revenue

 

(13,533

)

 

 

(626

)

(e)

 

(14,159

)

Other liabilities

 

(7,763

)

 

 

562

 

(f)

 

(7,201

)

Total purchase price allocation

$

51,088

 

 

$

(1,579

)

 

$

49,509

 

 

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

 

$

14,400

 

Customer relationships

 

4

 

 

3,300

 

Trademarks

 

5

 

 

2,600

 

Total identifiable intangible assets

 

 

 

$

20,300

 

 

Summary of Unaudited Pro Forma Financial Information

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

 

 

 

Year Ended

 

 

 

June 30,

2017

 

 

June 30,

2016

 

Net revenues

 

$

641,390

 

 

$

628,079

 

Net income (loss)

 

$

7,380

 

 

$

(62,281

)

Net earnings (loss) per share - basic

 

$

0.07

 

 

$

(0.60

)

Net earnings (loss) per share - diluted

 

$

0.07

 

 

$

(0.60

)

Shares used in per share calculation - basic

 

 

108,273

 

 

 

103,074

 

Shares used in per share calculation - diluted

 

 

111,472

 

 

 

103,074