Revenue (Tables)

9 Months Ended

Mar. 31, 2019

Schedule of Net Cumulative-effect Adjustment to Retained Earnings for the Adoption of ASC 606

The beginning net cumulative-effect adjustment to retained earnings for the adoption of ASC 606 is as follows:

							Balance as
	Balance at			Adjustment Due to			Reported at
(Dollars in thousands)	July 1, 2018			ASC 606			June 30, 2018
Assets:
Account receivable, net	$	66,251		$	257		$	65,994
Deferred cost of revenue - current		677			(464	)		1,141
Prepaid expenses and other current assets		16,239			670			15,569
Other assets		17,416			5,840			11,576
Liabilities and Stockholders' Equity:
Other accrued liabilities		23,059			611			22,448
Deferred revenue - current		75,515			111			75,404
Long-term other liabilities		9,075			467			8,608
Accumulated deficit		(469,171	)		5,114			(474,285	)

Summary of Contract with Customer, Asset and Liability

Changes in the contract assets and contract liabilities are as follows:

	March 31, 2019		July 1, 2018		Change
(Dollars in thousands)	Amount		Amount		$			%
Assets:
Unbilled accounts receivable – current (1)	$	8,016	$	3,218		4,798			60
Interest receivable – current (2)		239		—		239			100
Long-term accounts receivable (3)		3,949		6,833		(2,884	)		(73	)
Interest receivable – non-current (3)		1,232		611		621			50
Liabilities:
Customer advances		22,822		22,896		(74	)		—
Deferred revenue – current		78,833		75,515		3,318			4
Deferred revenue – non-current		23,291		20,976		2,315			10

(1)

Included in accounts receivable on consolidated balance sheets

(2)

Included in prepaid expenses and other current assets on consolidated balance sheets

(3)

Included in other assets on consolidated balance sheets

Summary of Changes In Deferred Revenue From Contracts With Customers

Changes in deferred revenue from contracts with customers are as follows:

	Three Months Ended			Nine Months Ended
(Dollars in thousands)	March 31, 2019			March 31, 2019
Balance at beginning of period	$	96,132		$	96,491
New billings		109,213			307,001
Recognition of deferred revenue		(103,221	)		(301,368	)
Balance at end of period	$	102,124		$	102,124

Schedule of Remaining Performance Obligations related to Warranty

The following table represents the Company's remaining performance obligations related to long-term warranty and service as of March 31, 2019 and the estimated revenue expected to be recognized:

	Fiscal years of revenue recognition
(Dollars in thousands)	2019		2020		2021		Thereafter
Long-term warranty and service	$	8,597	$	29,187	$	21,144	$	13,113

ASC 606

Schedule of Net Cumulative-effect Adjustment to Retained Earnings for the Adoption of ASC 606

Select unaudited condensed consolidated balance sheets line items, which reflect the adoption of ASC 606 are as follows:

	March 31, 2019
(Dollars in thousands)	As Reported			Adjustments			Balances Without Adoption
Assets:
Account receivable, net	$	99,774		$	5,698		$	94,076
Deferred cost of revenue - current		157			(7,301	)		7,458
Prepaid expenses and other current assets		21,452			2,262			19,190
Other assets		16,180			6,666			9,514
Liabilities and Stockholders' Equity:
Other accrued liabilities		26,945			760			26,185
Deferred revenue - current		78,833			(8,553	)		87,386
Long-term other liabilities		8,168			1,857			6,311
Accumulated deficit		(484,140	)		13,261			(497,401	)

Schedule of Effect of Adoption of ASC 606 on Condensed Consolidated Statements of Operations and Comprehensive Loss

Select unaudited condensed consolidated statements of operations and comprehensive loss line items for the three and nine months ended March 31, 2019, which reflect the adoption of ASC 606 are as follows:

	Three Months Ended March 31, 2019								Nine Months Ended March 31, 2019
(Dollars in thousands)	As Reported			Adjustments			Balances Without Adoption		As Reported			Adjustments			Balances Without Adoption
Net revenue	$	103,221		$	(10,491	)	$	113,712	$	301,368		$	13,352		$	288,016
Cost of goods sold		62,755			(5,101	)		67,856		184,643			6,605			178,038
Other expense, net		3,829			(190	)		4,019		11,133			(449	)		11,582
Research and development		12,913			(43	)		12,956		40,442			(179	)		40,621
Selling and marketing		12,903			(98	)		13,001		41,078			(557	)		41,635
General and administrative		11,769			(94	)		11,863		37,880			(383	)		38,263
Provision for income taxes		236			198			38		1,222			168			1,054
Net loss		(1,184	)		(5,163	)		3,979		(15,030	)		8,147			(23,177	)
Net loss per share - basic and diluted	$	(0.01	)	$	(0.06	)	$	0.05	$	(0.17	)	$	0.09		$	(0.27	)