The Company and Its Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Adoption of ASU 2021-08, impact on the financial statements

The adoption of ASU 2021-08 had the following impact on the Company's previously reported interim 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)

The adoption of ASU 2021-08 had the following impact on the Company's previously reported interim 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)

The following table summarizes the adjustments made to the 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 single liability		Cumulative effect of 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.