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Acquisition (Tables)
 9 Months Ended
Apr. 30, 2017
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The allocation of the purchase price is preliminary pending the final valuation of intangible assets, certain acquired deferred tax assets and completion of certain statutory tax filing requirements and is therefore subject to potential future measurement period adjustments. The preliminary allocation of the purchase consideration was as follows:
 
 
Total Purchase Price Allocation
 
Estimated Useful Lives
 
 
(in thousands)
 
(in years)
Acquired assets, net of assumed liabilities
 
$
2,518

 
 
Developed technology
 
8,000

 
5
Customer contracts and related relationships
 
6,500

 
9
Order backlog
 
900

 
3
Deferred tax assets, net
 
4,394

 
 
Goodwill
 
15,446

 
 
Total purchase price
 
$
37,758

 
 
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information presents the consolidated results of the Company and ISCS for the three and nine months ended April 30, 2017 and 2016, after giving effect to the ISCS Acquisition as if it had occurred on August 1, 2015, and combines the historical financial results of the Company and ISCS. The unaudited pro forma financial information includes adjustments to give effect to pro forma events that are directly attributable to the ISCS Acquisition. The pro forma financial information includes adjustments for the amortization of intangible assets, adjustments to stock-based compensation expense, the effect of reduction on deferred revenue, and the inclusion of transaction costs on August 1, 2015 with a corresponding reduction of these amounts in the period originally recognized.
The unaudited pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of the results of operations that would have been realized had the ISCS Acquisition been completed on August 1, 2015, nor does it purport to project the results of operations of the combined company in future periods. The unaudited pro forma financial information does not give effect to any anticipated synergies and integration costs related to the acquired company. Consequently, actual results will differ from the unaudited pro forma financial information.
 
Three Months Ended April 30,
 
Nine Months Ended April 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands except for per share amounts)
Pro forma revenues
$
125,574

 
$
109,349

 
$
358,102

 
$
310,125

Pro forma net loss
$
(3,966
)
 
$
(4,302
)
 
$
(15,561
)
 
$
(17,253
)
Pro forma net loss per share -- basic
$
(0.05
)
 
$
(0.06
)
 
$
(0.21
)
 
$
(0.24
)
Pro forma net loss per share -- diluted
$
(0.05
)
 
$
(0.06
)
 
$
(0.21
)
 
$
(0.24
)