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The Company and Its Significant Accounting Policies (Tables)
 6 Months Ended
Dec. 31, 2021
ASU 2021-08  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]  
Impact on Previously Reported Condensed Consolidated Balance Sheet

The adoption of ASU 2021-08 had the following impact on the Company's previously reported condensed consolidated balance sheet as of the periods presented (in thousands):

 

 

 

As previously
reported,
September 30, 2021

 

 

ASU 2021-08
adjustments

 

 

As adjusted,
October 1, 2021

 

Assets

 

 

 

 

 

 

 

 

 

Goodwill

 

$

2,354,812

 

 

$

8,278

 

 

$

2,363,090

 

Liabilities and Stockholders' Equity

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

21,328

 

 

$

8,080

 

 

$

29,408

 

Non-current liabilities:

 

 

 

 

 

 

 

 

 

Deferred income tax liability

 

$

3,877

 

 

$

(1,228

)

 

$

2,649

 

Stockholders' equity:

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

$

(294,152

)

 

$

1,426

 

 

$

(292,726

)
Impact on Previously Reported Condensed Consolidated Statement of Operations

The adoption of ASU 2021-08 had the following impact on the Company's previously reported condensed consolidated statement of operations for the period presented (in thousands):

 

 

 

As previously
reported,
three months ended
September 30, 2021

 

 

ASU 2021-08
adjustments

 

 

As adjusted,
three months ended
September 30, 2021

 

Revenue

 

$

116,403

 

 

$

1,946

 

 

$

118,349

 

Benefit from income taxes

 

$

(3,941

)

 

$

520

 

 

$

(3,421

)

Net loss

 

$

(75,685

)

 

$

1,426

 

 

$

(74,259

)

Net loss per share attributable to
     common stockholders, basic and diluted

 

$

(0.79

)

 

$

0.01

 

 

$

(0.78

)
ASU 2020-06  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]  
Schedule of Condensed Consolidated Balance Sheet The following table summarizes the adjustments made to the condensed consolidated balance sheet as of July 1, 2021 as a result of applying the modified retrospective method in adopting this ASU:

 

 

 

 

 

 

ASU 2020-06 adjustments

 

 

 

 

 

 

As previously
reported,
June 30, 2021

 

 

Account for the
2025 Notes as a
single liability

 

 

Cumulative
effect
adjustments

 

 

As adjusted,
July 1, 2021

 

Convertible senior notes, net
   (2025 Notes)

 

$

909,847

 

 

$

247,231

 

 

$

(25,316

)

 

$

1,131,762

 

Deferred income tax liability (1)

 

$

9,090

 

 

$

(2,165

)

 

$

(3,684

)

 

$

3,241

 

Additional paid-in capital

 

$

2,777,155

 

 

$

(245,066

)

 

$

—

 

 

$

2,532,089

 

Accumulated deficit

 

$

(247,467

)

 

$

—

 

 

$

29,000

 

 

$

(218,467

)

(1) The balance at June 30, 2021 included $5.8 million of deferred tax liability associated with the allocation of the 2025 Notes into equity.