Income taxes (Tables)

12 Months Ended

Jun. 30, 2014

Schedule of Income before Income Tax, Domestic and Foreign

The domestic and foreign components of income (loss) before provision (benefit) for income taxes were as follows (in thousands):



	Fiscal Year Ended June 30,
	2014			2013		2012
United States	$	(34,549	)	$	4,724	$	44,727
Foreign	1,010			1,950		638
Income (loss) from continuing operations	(33,539		)	6,674		45,365
Income from discontinued operations	—			11,712		949
Total income (loss) before provision (benefit) for income taxes	$	(33,539	)	$	18,386	$	46,314

Schedule of Components of Income Tax Expense (Benefit)

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



	Fiscal Year Ended June 30,
	2014			2013			2012
Current income taxes:
Federal	$	(7,506	)	$	2,823		$	14,476
State	(397		)	176			(2,214		)
Foreign	555			487			214
Total current income taxes	(7,348		)	3,486			12,476
Deferred income taxes:
Federal	3,205			(2,315		)	1,045
State	128			(78		)	38
Total deferred income taxes	3,333			(2,393		)	1,083
Provision (benefit) for income taxes from continuing operations	(4,015		)	1,093			13,559
Provision for income taxes from discontinued operations	—			4,226			347
Total provision (benefit) for income taxes	$	(4,015	)	$	5,319		$	13,906

Schedule of Effective Income Tax Rate Reconciliation

The provision (benefit) for income taxes differs from the amount computed by applying the statutory federal income tax rate as follows (in thousands):



	Fiscal Year Ended June 30,
	2014			2013			2012
Tax at federal statutory tax rate	$	(11,738	)	$	6,435		$	16,210
State taxes—net of federal benefit	(269		)	146			739
Non-deductible expenses	495			522			178
Research and development credits	(983		)	(1,200		)	(441		)
Section 199 deduction	425			(561		)	(870		)
Foreign income taxed at different rates	(119		)	(195		)	374
Stock-based compensation expense	1,368			1,291			860
Tax benefit from California tax ruling	—			—			(2,144		)
Transfer pricing adjustment	—			(1,002		)	(222		)
Tax exempt income	(265		)	(364		)	(337		)
Change in valuation allowance - federal	6,959			—			—
Other	112			247			(441		)
Total provision (benefit) for income taxes	$	(4,015	)	$	5,319		$	13,906

Schedule of Deferred Tax Assets and Liabilities

Significant components of our net deferred tax assets were as follows (in thousands):



	June 30,
	2014			2013
Deferred tax assets:
Federal, state and foreign net operating losses	$	4,324		$	2,237
Federal and state tax credits	2,327			1,475
Stock-based compensation	3,867			3,107
Accrued expenses and reserves	5,826			6,309
Foreign tax credits	320			—
Capitalized expense	413			490
Unrealized losses on investments	54			—
Total deferred tax assets:	17,131			13,618
Deferred tax liabilities:
Property and equipment	(1,808		)	(2,527		)
Capitalized software	(284		)	(1,606		)
Acquired intangible assets	(736		)	(1,590		)
Unrealized gains on investments	—			(344		)
Total deferred tax liabilities:	(2,828		)	(6,067		)
Deferred tax assets, net of liabilities:	14,303			7,551
Valuation allowance - worldwide	(12,969		)	(2,913		)
Net deferred tax assets:	$	1,334		$	4,638

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):



	Fiscal Year Ended June 30,
	2014			2013			2012
Unrecognized tax benefit—beginning of period	$	6,340		$	4,431		$	4,520
Increase in tax positions taken during the current period	623			2,157			1,200
Increase in tax positions taken during the prior period	555			219			101
Decrease in tax positions taken during the prior period	(261		)	(467		)	(1,390		)
Lapse of statute of limitations	(326		)	—			—
Unrecognized tax benefit—end of period	$	6,931		$	6,340		$	4,431