Business Combination (Tables) - Ipanema

3 Months Ended

Sep. 30, 2021

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

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

	Preliminary Allocation as of September 14, 2021
Cash and cash equivalents	$	1,364
Accounts receivable, net		1,440
Inventories		337
Prepaid expenses and other current assets		1,841
Property and equipment		46
Other assets		21
Accounts payable		(1,220	)
Accrued compensation and benefits		(2,304	)
Accrued warranty		(41	)
Other accrued liabilities		(71	)
Deferred revenue		(2,758	)
Other liabilities		(723	)
Net tangible liabilities		(2,068	)
Identifiable intangible assets		16,300
Goodwill		56,649
Total intangible assets acquired		72,949
Total net assets acquired	$	70,881

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	Weighted Average Estimated Useful Life (in years)		Amount
Developed technologies		6	$	14,500
Customer relationships		4		1,800
Total identifiable intangible assets			$	16,300

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
	September 30, 2021		September 30, 2020
Net revenues	$	270,051	$	237,494
Net income (loss)	$	12,815	$	(14,298	)
Net income (loss) per share - basic	$	0.10	$	(0.12	)
Net income (loss) per share - diluted	$	0.10	$	(0.12	)
Shares used in per share calculation - basic		128,324		121,705
Shares used in per share calculation - diluted		133,225		121,705