Property and Equipment

12 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following:



	Estimated Useful Lives (Years)	June 30,
	Estimated Useful Lives (Years)	2016			2015
Computer equipment and software	3-4	$	62,409		$	58,562
Furniture and fixtures	5	8,547			7,614
Leasehold improvements	lesser of estimated useful life or lease term	8,515			4,003
Machinery and equipment	5	29,078			16,383
		108,549			86,562
Less: accumulated depreciation		(80,212		)	(73,336		)
		$	28,337		$	13,226

The $15,111 increase in property and equipment was primarily due to the inclusion of fixed assets from the Carve-Out Business. In fiscal 2016 and 2015, the Company retired $32 and $733, respectively, of fully depreciated computer equipment and software assets that were no longer in use by the Company.

Depreciation expense related to property and equipment for the fiscal years ended June 30, 2016, 2015 and 2014 was $6,900, $6,332 and $7,625, respectively.

On April 20, 2007, the Company entered into a sales agreement and a lease agreement in connection with a sale-leaseback of the Company’s headquarters in Chelmsford, Massachusetts. Pursuant to the agreements, the Company sold all land, land improvements, buildings and building improvements related to the facilities and leased back those assets. The term of the lease is ten years and includes two five year options to renew, which the Company does not plan to exercise. Under the provisions of sale-leaseback accounting, the transaction was considered a normal leaseback; thus the realized gain of $11,569 was deferred and will be amortized to other income on a straight-line basis over the initial lease term.

The unamortized deferred gain consisted of the following of which the current portion is included in accrued expenses and the non-current portion is separately classified within other non-current liabilities in the accompanying consolidated balance sheets:



	June 30,
	2016		2015
Current portion	$	929	$	1,156
Non-current portion	—		929
Total unamortized deferred gain	$	929	$	2,085