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Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2015
Significant Accounting Policies  
Summary of the fair value, the amortized cost and unrealized holding gains (losses) on marketable securities

 

                                                                                                                                                                                    

 

 

Fair Value

 

Cost

 

Unrealized
Gains

 

Unrealized
Losses

 

 

 

(Dollars in Thousands)

 

June 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporate bonds

 

$

59,197

 

$

59,223

 

$

8

 

$

(34

)

​  

​  

​  

​  

​  

​  

​  

​  

Total short-term marketable securities

 

$

59,197

 

$

59,223

 

$

8

 

$

(34

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

U.S. corporate bonds

 

$

3,047

 

$

3,055

 

$

 

$

(8

)

​  

​  

​  

​  

​  

​  

​  

​  

Total long-term marketable securities

 

$

3,047

 

$

3,055

 

$

 

$

(8

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

June 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. corporate bonds

 

$

67,619

 

$

67,587

 

$

39

 

$

(7

)

​  

​  

​  

​  

​  

​  

​  

​  

Total short-term marketable securities

 

$

67,619

 

$

67,587

 

$

39

 

$

(7

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

U.S. corporate bonds

 

$

31,270

 

$

31,290

 

$

1

 

$

(21

)

​  

​  

​  

​  

​  

​  

​  

​  

Total long-term marketable securities

 

$

31,270

 

$

31,290

 

$

1

 

$

(21

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Property and equipment, estimated useful lives

 

                                                                                                                                                                                    

Asset Classification

 

Estimated Useful Life

Computer equipment

 

3 years

Purchased software

 

3 - 5 years

Furniture and fixtures

 

3 - 10 years

Leasehold improvements

 

Life of lease or asset, whichever is shorter

 

Summary of impact of revenue and cost of revenue reclassifications

 

                                                                                                                                                                                    

 

 

Classification in Consolidated Statements of
Operations for the Year Ended June 30,

 

Year Ended June 30,

 

 

 

2015 and 2014

 

2013

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

(Dollars in Thousands)

 

Legacy SMS revenue

 

Subscription and software

 

Services and other

 

$

20,467 

 

$

30,341 

 

$

36,931 

 

Cost of Legacy SMS revenue

 

Subscription and software

 

Services and other

 


$

4,036 

 


$

5,571 

 


$

7,360 

 

 

 

Summary of impact of legacy SMS revenue and cost of revenue reclassification on previously presented unaudited consolidated statements of operations

 

                                                                                                                                                                                    

 

 

Impact on Consolidated Statements
of Operations for the
Year Ended June 30, 2013

 

 

 

As Previously
Reported

 

Reclassifications

 

As Currently
Reported

 

 

 

(Dollars in Thousands)

 

Subscription and software revenue:

 

 

 

 

 

 

 

 

 

 

Legacy SMS

 

$

 

$

36,931

 

$

36,931

 

Subscription and software

 

 

239,654

 

 

 

 

239,654

 

​  

​  

​  

​  

​  

​  

 

 

$

239,654

 

$

36,931

 

$

276,585

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Services and other revenue:

 

 

 

 

 

 

 

 

 

 

Legacy SMS

 

$

 

$

(36,931

)

$

(36,931

)

Professional services, training and other

 

 

71,733

 

 

 

 

71,733

 

​  

​  

​  

​  

​  

​  

 

 

$

71,733

 

$

(36,931

)

$

34,802

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cost of subscription and software revenue:

 

 

 

 

 

 

 

 

 

 

Cost of legacy SMS revenue

 

$

 

$

7,360

 

$

7,360

 

Cost of subscription and software revenue

 

 

12,788

 

 

 

 

12,788

 

​  

​  

​  

​  

​  

​  

 

 

$

12,788

 

$

7,360

 

$

20,148

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Cost of services and other revenue:

 

 

 

 

 

 

 

 

 

 

Cost of legacy SMS revenue

 

$

 

$

(7,360

)

$

(7,360

)

Cost of professional services, training and other revenue

 

 

37,560

 

 

 

 

37,560

 

​  

​  

​  

​  

​  

​  

 

 

$

37,560

 

$

(7,360

)

$

30,200

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

Allowance for doubtful accounts activity for accounts receivable

 

                                                                                                                                                                                    

 

 

Year Ended June 30,

 

 

 

2015

 

2014

 

 

 

(Dollars in Thousands)

 

Balance, beginning of year

 

$

3,465

 

$

1,615

 

Provision for bad debts

 

 

(1,032

)

 

1,922

 

Write-offs

 

 

(797

)

 

(72

)

​  

​  

​  

​  

Balance, end of year

 

$

1,636

 

$

3,465

 

​  

​  

​  

​  

​  

​  

​  

​  

 

 

Accounts receivable, net balances

 

                                                                                                                                                                                    

 

 

Gross

 

Allowance

 

Net

 

 

 

(Dollars in Thousands)

 

June 30, 2015:

 

 

 

 

 

 

 

 

 

 

Accounts Receivable

 

$

32,357 

 

$

1,636 

 

$

30,721 

 

​  

​  

​  

​  

​  

​  

 

 

$

32,357 

 

$

1,636 

 

$

30,721 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

June 30, 2014:

 

 

 

 

 

 

 

 

 

 

Accounts Receivable

 

$

41,997 

 

$

3,465 

 

$

38,532 

 

​  

​  

​  

​  

​  

​  

 

 

$

41,997 

 

$

3,465 

 

$

38,532 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Financial assets and financial liabilities measured and recorded at fair value on a recurring basis

 

                                                                                                                                                                                    

 

 

Fair Value Measurements at
Reporting Date Using,

 

 

 

Quoted Prices in
Active Markets for
Identical Assets
(Level 1 Inputs)

 

Significant Other
Observable Inputs
(Level 2 Inputs)

 

 

 

(Dollars in Thousands)

 

June 30, 2015:

 

 

 

 

 

 

 

Cash equivalents

 

$

130,232 

 

$

 

Marketable securities

 

 

 

 

62,244 

 

June 30, 2014:

 

 


 

 

 


 

 

Cash equivalents

 

$

175,875 

 

$

 

Marketable securities

 

 

 

 

98,889 

 

 

Calculations of basic and diluted net income (loss) per share

 

                                                                                                                                                                                    

 

 

Year Ended June 30,

 

 

 

2015

 

2014

 

2013

 

 

 

(Dollars and Shares in Thousands,
Except per Share Data)

 

Net income (loss)

 

$

118,407 

 

$

85,783 

 

$

45,262 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Weighted average shares outstanding

 

 

88,398 

 

 

92,648 

 

 

93,586 

 

Dilutive impact from:

 

 

 

 

 

 

 

 

 

 

Employee equity awards

 

 

618 

 

 

1,017 

 

 

1,824 

 

Dilutive weighted average shares outstanding

 

 

89,016 

 

 

93,665 

 

 

95,410 

 

Income (loss) per share

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.34 

 

$

0.93 

 

$

0.48 

 

Dilutive

 

$

1.33 

 

$

0.92 

 

$

0.47 

 

 

Potential common shares excluded from calculation of dilutive weighted average shares outstanding

 

                                                                                                                                                                                    

 

 

Year Ended June 30,

 

 

 

2015

 

2014

 

2013

 

 

 

(Shares in Thousands)

 

Employee equity awards

 

 

587 

 

 

291 

 

 

443 

 

 

Intangible assets

 

                                                                                                                                                                                    

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Effect of
currency
translation

 

Net
Carrying
Amount

 

Weighted
Average
Remaining
Life (in Years)

 

 

 

(Dollars in Thousands)

 

 

 

June 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology and patents

 

$

2,596

 

$

(2,646

)

$

197

 

$

147

 

 

0.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

2,596

 

$

(2,646

)

$

197

 

$

147

 

 

0.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

June 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology and patents

 

$

2,596

 

$

(1,899

)

$

197

 

$

894

 

 

1.1

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

2,596

 

$

(1,899

)

$

197

 

$

894

 

 

1.1

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

Changes in carrying amount of goodwill by reporting unit

 

                                                                                                                                                                                    

 

 

Amount

 

 

 

(Dollars in
Thousands)

 

Balance as of June 30, 2013:

 

 

 

 

Goodwill

 

$

84,701

 

Accumulated impairment losses

 

 

(65,569

)

​  

​  

 

 

$

19,132

 

​  

​  

Effect of currency translation

 

 

144

 

​  

​  

Balance as of June 30, 2014:

 

 

 

 

Goodwill

 

$

84,845

 

Accumulated impairment losses

 

 

(65,569

)

​  

​  

 

 

$

19,276

 

​  

​  

​  

​  

Effect of currency translation

 

 

(1,916

)

​  

​  

Balance as of June 30, 2015:

 

 

 

 

Goodwill

 

$

82,929

 

Accumulated impairment losses

 

 

(65,569

)

​  

​  

 

 

$

17,360

 

​  

​  

​  

​