Recent Accounting Pronouncements (Tables)

6 Months Ended

Dec. 31, 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 tables present the effect of the adoption of ASU 2014-09 on our condensed consolidated statements of operations (unaudited) for the three and six months ended December 31, 2016 (in thousands, except per share amounts):

	Three Months Ended December 31, 2016
	As Reported			Adjustment			As Adjusted
Net revenues
Product	$	109,789		$	8,266		$	118,055
Service		38,322			—			38,322
Total net revenues		148,111			8,266			156,377
Cost of revenues
Product		58,659			3,968			62,627
Service		14,098			—			14,098
Total cost of revenues		72,757			3,968			76,725
Gross profit
Product		51,130			4,298			55,428
Service		24,224			—			24,224
Total Gross profit		75,354			4,298			79,652
Sales and marketing expenses		41,109			(84	)		41,025
Operating loss		(7,362	)		4,382			(2,980	)
Net loss before tax		(7,432	)		4,382			(3,050	)
Net loss	$	(8,611	)	$	4,382		$	(4,229	)
Basic and diluted net loss per share
Net loss per share - basic	$	(0.08	)				$	(0.04	)
Net loss per share - diluted	$	(0.08	)				$	(0.04	)
Shares used in per share calculation - basic		107,425						107,425
Shares used in per share calculation - diluted		107,425						107,425

	Six Months Ended December 31, 2016
	As Reported			Adjustment			As Adjusted
Net revenues
Product	$	199,920		$	8,228		$	208,148
Service		70,833			—			70,833
Total net revenues		270,753			8,228			278,981
Cost of revenues
Product		103,586			3,290			106,876
Service		26,567			—			26,567
Total cost of revenues		130,153			3,290			133,443
Gross profit
Product		96,334			4,938			101,272
Service		44,266			—			44,266
Total Gross profit		140,600			4,938			145,538
Sales and marketing expenses		78,065			(181	)		77,884
Operating loss		(12,121	)		5,119			(7,002	)
Net loss before tax		(13,004	)		5,119			(7,885	)
Net loss	$	(15,090	)	$	5,119		$	(9,971	)
Basic and diluted net loss per share
Net loss per share - basic	$	(0.14	)				$	(0.09	)
Net loss per share - diluted	$	(0.14	)				$	(0.09	)
Shares used in per share calculation - basic		106,690						106,690
Shares used in per share calculation - diluted		106,690						106,690

The following tables present the effect of the adoption of ASU 2014-09 on our condensed consolidated statement of cash flows (unaudited) for the six months ended December 31, 2016 (in thousands):

	Six Months Ended December 31, 2016
	As Reported			Adjustment			As Adjusted
Cash flows from operating activities
Net loss	$	(15,090	)	$	5,119		$	(9,971	)
Changes in operating assets and liabilities, net
Accounts receivable		(18,737	)		10,981			(7,756	)
Inventories		6,004			(1,691	)		4,313
Prepaid and other assets		7,004			(181	)		6,823
Deferred distributors revenue, net of cost of sales to distributors		14,516			(14,516	)		—
Other current and long term liabilities		7,587			288			7,875
Net cash provided by operating activities		19,288			—			19,288
Cash flows from investing activities		(55,750	)		—			(55,750	)
Cash flows from financing activities		46,241			—			46,241
Foreign currency effect on cash		(115	)		—			(115	)
Net increase in cash and cash equivalents	$	9,664		$	—		$	9,664