Business Combination (Tables)

3 Months Ended

Sep. 30, 2019

	Three Months Ended
	September 30, 2019			September 30, 2018
Net revenues	$	267,678		$	279,234
Net loss	$	(24,084	)	$	(39,085	)
Net loss per share - basic and diluted	$	(0.20	)	$	(0.33	)
Shares used in per share calculation - basic and diluted		120,226			117,368

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

Estimated purchase consideration	August 9, 2019
Cash paid to acquire outstanding shares	$	263,616
Replacement of stock-based awards		3,530
Aggregate estimated purchase consideration	$	267,146

The preliminary purchase price allocation is set forth in the table below and reflects estimated fair values (in thousands).

	Preliminary Allocation as of August 9, 2019
Cash and cash equivalents	$	44,158
Short-term investments		45,148
Accounts receivable, net		11,753
Inventories		16,698
Prepaid expenses and other current assets		3,980
Property and equipment		2,185
Operating lease right-of-use assets		6,336
Other assets		2,195
Debt		(20,000	)
Accounts payable		(9,737	)
Accrued compensation and benefits		(7,129	)
Accrued warranty		(570	)
Other accrued liabilities		(1,960	)
Operating lease liabilities		(4,752	)
Deferred revenue		(68,415	)
Other liabilities		(408	)
Net tangible assets		19,482

Identifiable intangible assets		53,400
Goodwill		194,264
Total intangible assets acquired		247,664

Total net assets acquired	$	267,146

The following table presents details of the identifiable intangible assets acquired as part of the acquisition (dollars in thousands):

Intangible Assets	Estimated Useful Life (in years)		Amount
Developed technology		4	$	40,000
Backlog		1		400
Customer relationships		7		11,400
Trade names		1.5		1,600
Total identifiable intangible assets			$	53,400