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Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2013

Summary of the fair value, the amortized cost and unrealized holding gains (losses) on marketable securities

The following table summarizes the fair value, the amortized cost and unrealized holding gains (losses) on our marketable securities as of June 30, 2013:

	Fair Value		Cost		Unrealized Gains		Unrealized Losses

	(Dollars in Thousands)
U.S. corporate bonds	$	57,015	$	57,046	$	8	$	(39	)

Total short-term marketable securities	$	57,015	$	57,046	$	8	$	(39	)

U.S. corporate bonds	$	35,353	$	35,402	$	—	$	(49	)

Total long-term marketable securities	$	35,353	$	35,402	$	—	$	(49	)

Property and Equipment, Useful Lives

Asset Classification		Estimated Useful Life

Computer equipment		3 years
Purchased software		3 - 5 years
Furniture and fixtures		3 - 10 years
Leasehold improvements		Life of lease or asset, whichever is shorter

Revenue Classification and Revenue Recognition Methodology

			Revenue Recognition Methodology

	Revenue Classification in Income Statement		Revenue Recognition Methodology
	Revenue Classification in Income Statement		Fiscal 2013 and 2012
	Fiscal 2013 and 2012	Fiscal 2011	Fiscal 2013 and 2012	Fiscal 2011
Type of Revenue:
aspenONE subscription	Subscription and software	Subscription	Ratable	Ratable
Point products
—Software	Subscription and software	Software	Ratable	Residual method
—Bundled SMS	Subscription and software	Services and other	Ratable	Ratable
Other
—Legacy arrangements	Subscription and software	Software	Residual method	Residual method
—Perpetual arrangements	Subscription and software	Software	Residual method	Residual method

Reconciliation of Revenue Recognition Methodology

	Year Ended, June 30						Year Ended, June 30

	2013		2012		2011		2013			2012			2011
	(Dollars in Thousands)						% of Total
Subscription and software revenue:
Ratable(1)	$	225,064	$	144,144	$	58,459		93.9	%		86.5	%		56.4	%
Residual method(2)		14,590		22,544		45,240		6.1			13.5			43.6

Subscription and software revenue	$	239,654	$	166,688	$	103,699		100.0	%		100.0	%		100.0	%

(1): During fiscal 2011, the fair value of the SMS element of point product arrangements totaled $2.1 million and was presented in the consolidated statements of operations as services and other revenue. Effective July 1, 2011, the fee attributable to the SMS in point product arrangements is no longer separable since we are unable to establish VSOE, and as a result, is included within ratable revenue.

(2): Residual method revenue detail

	Year Ended, June 30

	2013			2012			2011
	(Dollars in Thousands)
Residual method revenue:
Point products—Software			*			*	$	20,190
Legacy arrangements		13,008			20,586			22,761
Perpetual arrangements		1,582			1,958			2,289

Total residual method revenue	$	14,590		$	22,544		$	45,240

*: Effective July 1, 2011, the total combined arrangement fee (which includes the fee attributable to SMS) for point product arrangements with Premier Plus SMS is recognized on a ratable basis.

Allowance for Doubtful Accounts Activity for Accounts Receivable

The following table presents our allowance for doubtful accounts activity for accounts receivable in fiscal 2013 and 2012, respectively:

	Year Ended June 30,

	2013			2012
	(Dollars in Thousands)
Balance, beginning of year	$	1,982		$	1,884
Provision for bad debts		521			567
Write-offs		(888	)		(468	)

Balance, end of year	$	1,615		$	1,982

Accounts Receivable and Collateralized Receivables Balances

The following table summarizes our accounts receivable, net of the related allowance for doubtful accounts, as of June 30, 2013 and 2012. Collateralized receivables are presented in the consolidated balance sheets and in the table below as of June 30, 2012, net of discounts for future interest established at inception of the installment arrangement.

	Gross		Unamortized Discounts		Allowance		Net

	(Dollars in Thousands)
June 30, 2013:
Accounts Receivable	$	38,603	$	—	$	1,615	$	36,988

	$	38,603	$	—	$	1,615	$	36,988

June 30, 2012:
Accounts Receivable	$	33,432	$	—	$	1,982	$	31,450
Collateralized Receivables- current		6,500		203		—		6,297

	$	39,932	$	203	$	1,982	$	37,747

Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on a Recurring Basis

The following table summarizes financial assets and financial liabilities measured and recorded at fair value on a recurring basis in the accompanying consolidated balance sheets as of June 30, 2013 and 2012, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

	Fair Value Measurements at Reporting Date Using,

	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)
	(Dollars in Thousands)
June 30, 2013:
Assets:
Cash equivalents	$	117,010	$	—
Marketable securities		—		92,368
June 30, 2012:
Assets:
Cash equivalents	$	144,009	$	—
Liabilities:
Secured borrowings		—		10,939

Calculations of Basic and Diluted Net Income (Loss) per Share

The calculations of basic and diluted net income (loss) per share and basic and diluted weighted average shares outstanding are as follows:

	Year Ended June 30,

	2013		2012			2011
	(Dollars and Shares in Thousands, Except per Share Data)
Net income (loss)	$	45,262	$	(13,808	)	$	10,257

Weighted average shares outstanding		93,586		93,780			93,488
Dilutive impact from:
Share-based payment awards		1,824		—			2,313
Warrants		—		—			52

Dilutive weighted average shares outstanding		95,410		93,780			95,853
Income (loss) per share
Basic	$	0.48	$	(0.15	)	$	0.11
Dilutive	$	0.47	$	(0.15	)	$	0.11

Potential Common Shares Excluded From Calculation of Dilutive Weighted Average Shares Outstanding

The following potential common shares were excluded from the calculation of dilutive weighted average shares outstanding because their effect would be anti-dilutive at the balance sheet date:

	Year Ended June 30,

	2013		2012		2011
	(Shares in Thousands)
Employee equity awards		443		6,554		1,728

Intangible Assets

Intangible assets consist of the following as of June 30, 2013 and 2012:

	Gross Carrying Amount		Accumulated Amortization			Effect of currency translation			Net Carrying Amount

	(Dollars in Thousands)
June 30, 2013:
Technology and patents	$	2,596	$	(977	)	$	172		$	1,791	2.0

Total	$	2,596	$	(977	)	$	172		$	1,791	2.0

June 30, 2012:
Technology and patents	$	1,330	$	(139	)	$	(84	)	$	1,107	2.7

Total	$	1,330	$	(139	)	$	(84	)	$	1,107	2.7

Carrying Amount of Goodwill

The changes in the carrying amount of the goodwill by reporting unit for the fiscal years 2013 and 2012 were as follows:

	Reporting Unit

Asset Class	License			SMS, Training, and Other			Professional Services			Total
	(Dollars in Thousands)
Balance as of June 30, 2011
Goodwill	$	68,049		$	16,144		$	5,102		$	89,295
Accumulated impairment losses		(65,569	)		—			(5,102	)		(70,671	)

	$	2,480		$	16,144		$	—		$	18,624

Acquisitions	$	1,641		$	—		$	—		$	1,641
Effect of currency translation		(120	)		(746	)		—			(866	)

Balance as of June 30, 2012
Goodwill	$	69,570		$	15,398		$	5,102		$	90,070
Accumulated impairment losses		(65,569	)		—			(5,102	)		(70,671	)

	$	4,001		$	15,398		$	—		$	19,399

Effect of currency translation		56			(324	)		—			(267	)
Balance as of June 30, 2013
Goodwill	$	69,626		$	15,074		$	5,102		$	89,803
Accumulated impairment losses		(65,569	)		—			(5,102	)		(70,671	)

	$	4,057		$	15,074		$	—		$	19,132