Recent Accounting Pronouncements (Tables)

3 Months Ended

Sep. 30, 2017

Accounting Changes And Error Corrections [Abstract]

Schedule of Adjustments to Previously Reported Financial Statements from Adoption of Accounting Pronouncements

The following table presents the effect of the adoption of ASU 2014-09 on our condensed consolidated balance sheet (unaudited) as of June 30, 2017, (in thousands):

	As of June 30, 2017
	As Reported			Adjustment			As Adjusted
Accounts receivable, net	$	120,770		$	(27,655	)	$	93,115
Inventories		45,880			1,530			47,410
Total current assets		324,967			(26,125	)		298,842
Other assets		22,586			2,479			25,065
Total assets		483,346			(23,646	)		459,700
Accrued warranty		10,007			577			10,584
Other accrued liabilities		36,713			331			37,044
Deferred distributors revenue, net of cost of sales to distributors		43,525			(43,525	)		—
Total current liabilities		255,822			(42,617	)		213,205
Accumulated deficit		(800,257	)		18,971			(781,286	)
Total stockholders’ equity		106,707			18,971			125,678
Total liabilities and stockholders’ equity	$	483,346		$	(23,646	)	$	459,700

The following table presents the effect of the adoption of ASU 2014-09 on our condensed consolidated statements of operations (unaudited) for the three months ended September 30, 2016 (in thousands, except per share amounts):

	Three months ended September 30, 2016
	As Reported			Adjustment			As Adjusted
Net revenues
Product	$	90,131		$	(38	)	$	90,093
Service		32,511			—			32,511
Total net revenues		122,642			(38	)		122,604
Cost of revenues
Product		44,927			(678	)		44,249
Service		12,469			—			12,469
Total cost of revenues		57,396			(678	)		56,718
Gross profit
Product		45,204			640			45,844
Service		20,042			—			20,042
Total Gross profit		65,246			640			65,886
Sales and marketing expenses		36,956			(97	)		36,859
Operating loss		(4,759	)		737			(4,022	)
Net loss before tax		(5,572	)		737			(4,835	)
Net loss	$	(6,479	)	$	737		$	(5,742	)
Basic and diluted net loss per share
Net loss per share - basic	$	(0.06	)				$	(0.05	)
Net loss per share - diluted	$	(0.06	)				$	(0.05	)
Shares used in per share calculation - basic		105,955						105,955
Shares used in per share calculation - diluted		105,955						105,955

The following table presents the effect of the adoption of ASU 2014-09 on our condensed consolidated statement of cash flows (unaudited) for the three months ended September 30, 2016 (in thousands):

	Three months ended September 30, 2016
	As Reported			Adjustment			As Adjusted
Cash flows from operating activities
Net loss	$	(6,479	)	$	737		$	(5,742	)
Changes in operating assets and liabilities, net
Accounts receivable		12,950			3,656			16,606
Inventories		(2,405	)		(907	)		(3,312	)
Prepaid and other assets		1,562			(97	)		1,465
Deferred distributors revenue, net of cost of sales to distributors		3,412			(3,412	)		—
Other current and long term liabilities		(842	)		23			(819	)
Net cash provided by operating activities		9,574			—			9,574
Cash flows from investing activities		(1,635	)		—			(1,635	)
Cash flows from financing activities		166			—			166
Foreign currency effect on cash		38			—			38
Net increase in cash and cash equivalents	$	8,143		$	—		$	8,143