Business Combinations (Tables)

6 Months Ended

Dec. 31, 2017

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, 2017		December 31, 2016			December 31, 2017			December 31, 2016
			(As adjusted)						(As adjusted)
Net revenues	$	252,532	$	311,503		$	537,040		$	644,435
Net income (loss)	$	1,152	$	(62,134	)	$	(7,622	)	$	(95,972	)
Net income (loss) per share - basic	$	0.01	$	(0.58	)	$	(0.07	)	$	(0.90	)
Net income (loss) per share - diluted	$	0.01	$	(0.58	)	$	(0.07	)	$	(0.90	)
Shares used in per share calculation - basic		113,621		107,425			112,931			106,690
Shares used in per share calculation - diluted		119,656		107,425			112,931			106,690

Data Center Business

Components of Aggregate Estimated Purchase Consideration

The components of aggregate estimated purchase consideration are as follows (in thousands):

Estimated purchase consideration	October 27, 2017
Cash paid to sellers at closing	$	23,000
Deferred payments		18,430
Contingent consideration		34,100
Working capital adjustment		6,534
Replacement of stock-based awards		2,273
Aggregate estimated purchase consideration	$	84,337

Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The following table below summarizes the preliminary allocation as of October 27, 2017 of the tangible and identifiable intangible assets acquired and liabilities assumed:

	Preliminary Allocation as of October 27, 2017
Accounts receivables	$	33,488
Inventories		19,973
Prepaid expenses and other current assets		988
Property and equipment		29,160
Other assets		4,734
Accounts payable and accrued expenses		(15,850	)
Deferred revenue		(33,519	)
Net tangible assets acquired		38,974
Identifiable intangible assets		28,600
Goodwill		16,763
Total intangible assets acquired		45,363
Total net assets acquired	$	84,337

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, except years):

Intangible Assets	Estimated Useful Life (in years)		Amount
Developed technology	2 - 5		$	21,800
Customer relationships		5		5,400
Trade names		4		1,400
Total identifiable intangible assets			$	28,600

Campus Fabric Business

Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

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

	Preliminary Allocation as of September 30, 2017			Change during three months ended December 31, 2017				Preliminary Allocation as of December 31, 2017
Accounts receivables	$	18,112		$	183		(a)	$	18,295
Inventories		16,605			(1,060	)	(b)(c)		15,545
Prepaid expenses and other current assets		673			—				673
Property and equipment		3,768			—				3,768
Other assets		2,568			2,743		(c)		5,311
Accounts payable and accrued expenses		(29,716	)		(2,203	)	(d)(f)		(31,919	)
Deferred revenue		(10,214	)		163		(d)(e)		(10,051	)
Other long-term liabilities		(6,608	)		1,403		(f)		(5,205	)
Net tangible assets acquired		(4,812	)		1,229				(3,583	)
Identifiable intangible assets		44,000			2,900		(g)		46,900
In-process research and development		2,300			200		(g)		2,500
Goodwill		38,338			(4,329	)			34,009
Total intangible assets acquired		84,638			(1,229	)			83,409
Total net assets acquired	$	79,826		$	—			$	79,826

The changes during the period in the table above include: a) additional information on accounts receivable as of the acquisition date, b) additional receipts of product, c) a reclassification from inventories to other assets related to service parts, d) a reclassification from deferred revenue to accounts payable, e) an adjustment of the fair value of deferred maintenance revenue, f) a reclassification from long-term liabilities to short-term related to liabilities assumed, g) revised net realizable value based on usefulness of identifiable intangible assets and in-process research and development acquired.

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, except years):

Intangible Assets	Estimated Useful Life (in years)		Amount
Developed technology		6	$	37,400
Customer relationships		4		5,100
Trademarks		5		2,600
Backlog		1		1,800
Total identifiable intangible assets			$	46,900

Zebra Technologies Corporation

Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

On October 28, 2016, the Company completed the acquisition of the wireless local area network business (“WLAN Business”) from Zebra Technologies Corporation.  Under the terms of the WLAN Asset Purchase Agreement, the Company acquired customers, employees, technology and other assets as well as assumed certain contracts and other liabilities of the WLAN Business, for a net cash consideration to $49.5 million.  The following table below summarizes the final allocation of the tangible and identifiable intangible assets acquired and liabilities assumed:

	Final Allocation as of October 28, 2016
Accounts receivables, net	$	14,636
Inventories		13,593
Other current assets		808
Property and equipment		3,159
Other assets		7,634
Deferred revenue		(14,159	)
Other liabilities		(7,201	)
Total tangible assets acquired and liabilities assumed		18,470
Identifiable intangible assets		20,300
In-process research and development		1,400
Goodwill		9,339
Total intangible assets acquired		31,039
Total net assets acquired	$	49,509