Revenue from Contracts with Customers (Tables)

3 Months Ended

Sep. 30, 2018

Revenue from Contracts with Customers [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

We disaggregate our revenue by region, type of performance obligation, timing of revenue recognition, and segment as follows:

	Three Months Ended September 30,
	2018		2017
Revenue by region:
United States	$	39,228	$	53,213
Europe	28,946		26,256
Other (1)	45,995		47,018
	$	114,169	$	126,487
Revenue by type of performance obligation:
Term licenses	$	63,755	$	78,890
Maintenance	43,039		40,264
Professional services and other	7,375		7,333
	$	114,169	$	126,487
Revenue by segment:
Subscription and software	$	106,794	$	119,154
Services and other	7,375		7,333
	$	114,169	$	126,487

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(1) Other consists primarily of Asia Pacific, Canada, Latin America and the Middle East.

Contract with Customer, Asset and Liability [Table Text Block]

Our contract assets (liabilities) were as follows as of September 30, 2018 and June 30, 2018:

	September 30, 2018			June 30, 2018
				As Adjusted
	(Dollars in Thousands)
Contract assets	$	675,914		$	645,000
Deferred revenue	(38,783		)	(27,504		)
	$	637,131		$	617,496

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

Transaction Price Allocated to Remaining Performance Obligations

The following table includes the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period:

	Year Ended June 30,
	2019		2020		2021		2022		2023		Thereafter
	(Dollars in Thousands)
License	$	34,414	$	16,434	$	13,786	$	7,784	$	1,310	$	173
Maintenance	120,392		129,547		93,578		58,657		31,948		11,735
Services and other	38,967		5,270		2,987		1,467		979		432

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

Impact to Prior Period Information

The following table presents the effect of the adoption of Topic 606 on select consolidated statements of operations line items for the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
	As Previously Reported		Adjustments			As Adjusted
	(Dollars in Thousands, Except per Share Data)
Consolidated Statements of Operations:
License revenue	$	—	$	78,890		$	78,890
Maintenance revenue	—		40,264			40,264
Subscription and software revenue	115,756		(115,756		)	—
Services and other revenue	7,025		308			7,333
Gross profit	110,049		3,706			113,755
Selling and marketing expense	23,571		(55		)	23,516
General and administrative expense	13,676		1,361			15,037
Income from operations	53,313		2,400			55,713
Interest income	141		6,165			6,306
Provision for income taxes	16,877		2,800			19,677
Net income	$	34,755	$	5,766		$	40,521
Basic	$	0.48				$	0.55
Diluted	$	0.47				$	0.55
Weighted average shares outstanding - Basic	73,024					73,024
Weighted average shares outstanding - Diluted	73,609					73,609

The following table presents the effect of the adoption of Topic 606 on select consolidated balance sheet line items as of June 30, 2018:

	June 30, 2018
	As Previously Reported		Adjustments			As Adjusted
	(Dollars in Thousands)
Consolidated Balance Sheets:
Assets:
Current contract assets	$	—	$	304,378		$	304,378
Contract costs	—		20,500			20,500
Accounts receivable, net	21,910		19,900			41,810
Non-current contract assets	—		340,622			340,622
Liabilities:
Current deferred revenue	286,845		(271,695		)	15,150
Non-current deferred revenue	28,259		(15,905		)	12,354
Deferred income taxes	—		214,125			214,125
Other non-current liabilities	18,492		(1,424		)	17,068
Stockholders' equity:
Retained earnings	305,208		760,299			1,065,507

The adoption of Topic 606 had no impact on our total cash flows or net cash provided by operating activities. The impacts of adoption resulted in offsetting shifts in cash flows throughout the components of net income and various changes in working capital balances. The following table presents the effect of the adoption of Topic 606 on select consolidated statement of cash flows line items for the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
	As Previously Reported			Adjustments			As Adjusted
	(Dollars in Thousands)
Consolidated Statements of Cash Flows:
Cash flows from operating activities:
Net income	$	34,755		$	5,766		$	40,521
Changes in assets and liabilities:
Contract assets	—			(35,791		)	(35,791		)
Contract costs	—			(185		)	(185		)
Accounts receivable, net	(504		)	(8,589		)	(9,093		)
Deferred revenue	(40,037		)	38,799			(1,238		)
Net cash provided by operating activities	$	12,360		$	—		$	12,360