Income Taxes (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Components of Income Before Income Taxes and Income Tax Expense (Benefit)

The components of (loss) income from continuing operations before income taxes and income tax (benefit) expense were as follows:

	Year Ended June 30,
	2014			2013			2012
(Loss) income from continuing operations before income taxes:
United States	$	(6,068	)	$	(24,760	)	$	30,820
Foreign	155			477			494
	$	(5,913	)	$	(24,283	)	$	31,314
Tax (benefit) provision:
Federal:
Current	$	3,184		$	(699	)	$	10,188
Deferred	(5,281		)	(9,613		)	(2,353		)
	$	(2,097	)	$	(10,312	)	$	7,835
State:
Current	$	594		$	157		$	1,395
Deferred	(375		)	(710		)	(316		)
	$	219		$	(553	)	$	1,079
Foreign:
Current	$	(12	)	$	364		$	77
Deferred	49			—			—
	$	37		$	364		$	77
	$	(1,841	)	$	(10,501	)	$	8,991

Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate from Continuing Operations

The following is the reconciliation between the statutory federal income tax rate and the Company’s effective income tax (benefit) rate for continuing operations:

	Year Ended June 30,
	2014		2013		2012
Tax (benefit) provision at federal statutory rates	(35.0	)%	(35.0	)%	35.0	%
State income tax, net of federal tax benefit	(3.1	)	(1.8	)	2.6
Research and development credits	(14.7	)	(12.6	)	(4.2	)
Domestic manufacturing deduction	(5.3	)	—		(3.0	)
Deemed repatriation of foreign earnings	0.7		—		—
Foreign tax credits	(13.3	)	—		—
Equity compensation	2.2		1.8		1.0
Officers' compensation	11.1		—		—
Stock compensation shortfalls	24.1		—		—
Change in the fair value of the liability related to the LNX earn-out	—		—		(5.4	)
Acquisition costs	—		0.5		1.3
Valuation allowance	—		2.5		2.2
Other	2.2		1.4		(0.7	)
	(31.1	)%	(43.2	)%	28.8	%

Components of Net Deferred Tax Assets (Liabilities)

The components of the Company’s net deferred tax assets (liabilities) for continuing operations were as follows:

	June 30,
	2014			2013
Deferred tax assets:
Inventory valuation and receivable allowances	$	8,830		$	8,805
Accrued compensation	972			944
Equity compensation	4,831			6,185
Federal and state research and development tax credit carryforwards	11,167			10,296
Gain on sale-leaseback	1,232			1,676
Other accruals	1,043			1,087
Other temporary differences	4,012			1,262
	32,087			30,255
Valuation allowance	(10,844		)	(9,032		)
Total deferred tax assets	21,243			21,223
Deferred tax liabilities:
Deferred revenue	—			(1,745		)
Property and equipment	(1,694		)	(3,144		)
Acquired intangible assets	(9,242		)	(11,371		)
Other temporary differences	(624		)	—
Total deferred tax liabilities	(11,560		)	(16,260		)
Net deferred tax assets	$	9,683		$	4,963
As reported:
Current deferred tax assets	$	15,216		$	11,534
Non-current deferred tax assets	378			81
Non-current deferred tax liabilities	(5,911		)	(6,652		)
	$	9,683		$	4,963

Summary of Reserves for Unrecognized Income Tax Benefits

The changes in the Company’s reserves for unrecognized income tax benefits are summarized as follows:

	Year Ended June 30,
	2014			2013
Unrecognized tax benefits, beginning of period	$	2,923		$	2,642
Increases for previously recognized positions	102			140
Decreases for previously recognized positions	(166		)	—
Increases for currently recognized positions	283			141
Unrecognized tax benefits, end of period	$	3,142		$	2,923