Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Components of inventory

As of June 30, 2019 and 2018, inventory consisted of (in thousands):

	As of June 30,
	2019				2018
Finished goods	$	9,903	72.0	%	$	7,859	57.7	%
Raw materials	3,850		28.0	%	5,768		42.3	%
Total inventory	$	13,753	100.0	%	$	13,627	100.0	%

Property and Equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following useful lives:

	Years
Equipment (includes computer hardware and software)	3 - 5
Furniture and fixtures	5
Vehicles	5

Property and equipment, net consist of (in thousands):

	June 30,
	2019			2018
Equipment (includes computer hardware and software)	$	12,625		$	10,504
Furniture and fixtures	1,611			1,592
Leasehold improvements	3,975			3,761
Vehicles	51			51
Accumulated depreciation	(11,131		)	(9,321		)
Total property and equipment, net	$	7,131		$	6,587

Reconciliation of earnings per share and the weighted-average common shares outstanding for purposes of computing basic and diluted net income per share

The following is a reconciliation of net income per share and the weighted-average common shares outstanding for purposes of computing basic and diluted net income per share (in thousands, except per share amounts):

	Years ended June 30,
	2019		2018		2017
Numerator:
Net income	$	7,429	$	5,761	$	1,608
Denominator:
Basic weighted-average common shares outstanding	14,055		13,992		13,881
Effect of dilutive securities:
Stock awards and options	925		144		237
Diluted weighted-average common shares outstanding	14,980		14,136		14,118
Net income per share, basic	$	0.53	$	0.41	$	0.12
Net income per share, diluted	$	0.50	$	0.41	$	0.11

Long-lived Assets by Geographic Areas

The following table presents the Company's long-lived assets for its most significant geographic markets (in thousands):

	June 30,
	2019		2018
United States	$	9,772	$	9,778
Japan	$	955	$	921