Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Schedule of components of loss before provision for income taxes on the accompanying statements of operations and comprehensive loss

Loss before provision for income taxes on the accompanying statements of operations and comprehensive loss included the following components (in thousands):

	Years Ended June 30,
	2018			2017			2016
Domestic	$	(30,747	)	$	(35,227	)	$	(32,710	)
Foreign		7,726			6,686			9,542
Total worldwide	$	(23,021	)	$	(28,541	)	$	(23,168	)

Schedule of provision for income taxes

The provision for income taxes consisted of the following (in thousands):

	Years Ended June 30,
	2018		2017			2016
Current:
Federal	$	—	$	—		$	—
State		63		14			17
Foreign		785		1,292			2,723
Total current	$	848	$	1,306		$	2,740
Deferred:
Federal		—		—			—
State		—		—			—
Foreign		30		(268	)		(404	)
Total deferred		30		(268	)		(404	)
Total provision for income taxes	$	878	$	1,038		$	2,336

Schedule of reconciliation of income taxes at the statutory federal income tax rate to the provision for income taxes included in the accompanying consolidated statements of operations and comprehensive loss

Income tax payable was $1.1 million, $1.2 million and $2.3 million at June 30, 2018, 2017 and 2016, respectively. A reconciliation of income taxes at the statutory federal income tax rate to the provision for income taxes included in the accompanying consolidated statements of operations and comprehensive loss is as follows (in thousands):

	Years Ended June 30,
	2018			2017			2016
U.S. federal taxes (benefit):
At federal statutory rate	$	(6,446	)	$	(9,988	)	$	(8,108	)
State tax, net of federal benefit		63			14			17
Share-based compensation expense		1,712			802			701
Debt extinguishment		967			—			338
Other non-deductible permanent items		702			771			877
Credits		(142	)		(359	)		(795	)
Foreign taxes		(1,295	)		(1,355	)		(1,084	)
Other		(228	)		83			20
Transition Tax		3,348			—			—
Tax Cuts and Jobs Act		54,072			—			—
Change in valuation allowance		(51,875	)		11,070			10,370
Total	$	878		$	1,038		$	2,336

Schedule of significant components of net deferred tax assets

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s net deferred tax assets were as follows (in thousands):

	June 30,
	2018			2017
Deferred tax assets:
Federal and state net operating losses	$	77,870		$	122,465
Accrued expenses and reserves		6,290			8,374
Deferred revenue		2,985			5,095
Credits		20,857			18,862
Share-based compensation expense		2,233			5,460
Capitalized research and development		3,988			7,441
Unicap		1,571			2,456
Fixed assets/intangibles		1,486			2,451
Other		1,650			1,334
Total deferred tax assets		118,930			173,938
Deferred tax liabilities:
Debt discount		—			(494	)
Section 481 adjustment		(239	)		(768	)
Total deferred tax liabilities		(239	)		(1,262	)
Valuation allowance		(117,674	)		(171,733	)
Net deferred tax assets	$	1,017		$	943

Schedule of aggregate changes in the balance of gross unrecognized tax benefits

The aggregate changes in the balance of gross unrecognized tax benefits were as follows (in thousands):

	Years Ended June 30,
	2018			2017			2016
Balance at beginning of year	$	15,819		$	16,643		$	17,023
Tax positions related to current year:
Additions		823			1,190			1,811
Tax positions related to prior years:
Additions		—			299			449
Reductions		(1,343	)		(2,313	)		(2,640	)
Balance at end of year	$	15,299		$	15,819		$	16,643