XML 63 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Significant Accounting Policies (Tables)
 12 Months Ended
Jun. 30, 2014
Significant Accounting Policies  
Summary of the fair value, the amortized cost and unrealized holding gains (losses) on marketable securities

 

 

 
   Fair Value   Cost   Unrealized
Gains		   Unrealized
Losses		  
 
   (Dollars in Thousands)
  

June 30, 2014:

                          

U.S. corporate bonds

   $ 67,619   $ 67,587   $ 39   $ (7 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total short-term marketable securities

   $ 67,619   $ 67,587   $ 39   $ (7 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

U.S. corporate bonds

   $ 31,270   $ 31,290   $ 1   $ (21 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total long-term marketable securities

   $ 31,270   $ 31,290   $ 1   $ (21 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

June 30, 2013:

                          

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
Summary of impact of revenue and cost of revenue reclassifications

 

 

 
   Classification in Consolidated Statements of
Operations for the Year Ended June 30,		   Year Ended June 30,  
 
   2014   2013 and 2012   2014   2013   2012  
 
    
    
   (Dollars in Thousands)
  

Legacy SMS revenue

   Subscription and software   Services and other   $ 30,341   $ 36,931   $ 46,777  

Cost of Legacy SMS revenue

  

Subscription and software

  

Services and other

  
$
5,571		  
$
7,360		  
$
10,152		  
Summary of impact of legacy SMS revenue and cost of revenue reclassification on previously presented unaudited consolidated statements of operations

 

 

 
   Impact on Consolidated Statements
of Operations for the
Year Ended June 30, 2013		  
 
   As Previously
Reported		   Reclassifications   As Currently
Reported		  
 
   (Dollars in Thousands)
  

Subscription and software revenue:

                    

Legacy SMS

   $ —   $ 36,931   $ 36,931  

Subscription and software

     239,654     —     239,654  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 239,654   $ 36,931   $ 276,585  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Services and other revenue:

                    

Legacy SMS

   $ —   $ (36,931 ) $ (36,931 )

Professional services, training and other

     71,733     —     71,733  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 71,733   $ (36,931 ) $ 34,802  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Cost of subscription and software revenue:

                    

Cost of legacy SMS revenue

   $ —   $ 7,360   $ 7,360  

Cost of subscription and software revenue

     12,788     —     12,788  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 12,788   $ 7,360   $ 20,148  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Cost of services and other revenue:

                    

Cost of legacy SMS revenue

   $ —   $ (7,360 ) $ (7,360 )

Cost of professional services, training and other revenue

     37,560     —     37,560  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 37,560   $ (7,360 ) $ 30,200  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               


 

 
   Impact on Consolidated Statements
of Operations for the
Year Ended June 30, 2012		  
 
   As Previously
Reported		   Reclassifications   As Currently
Reported		  
 
   (Dollars in Thousands)
  

Subscription and software revenue:

                    

Legacy SMS

   $ —   $ 46,777   $ 46,777  

Subscription and software

     166,688     —     166,688  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 166,688   $ 46,777   $ 213,465  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Services and other revenue:

                    

Legacy SMS

   $ —   $ (46,777 ) $ (46,777 )

Professional services, training and other

     76,446     —     76,446  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 76,446   $ (46,777 ) $ 29,669  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Cost of subscription and software revenue:

                    

Cost of legacy SMS revenue

   $ —   $ 10,152   $ 10,152  

Cost of subscription and software revenue

     10,617     —     10,617  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 10,617   $ 10,152   $ 20,769  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Cost of services and other revenue:

                    

Cost of legacy SMS revenue

   $ —   $ (10,152 ) $ (10,152 )

Cost of professional services, training and other revenue

     41,660     —     41,660  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 41,660   $ (10,152 ) $ 31,508  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Allowance for Doubtful Accounts Activity for Accounts Receivable

 

 

 
   Year Ended June 30,  
 
   2014   2013  
 
   (Dollars in Thousands)
  

Balance, beginning of year

   $ 1,615   $ 1,982  

Provision for bad debts

     1,922     521  

Write-offs

     (72 )   (888 )
           
​ ​ ​ ​ ​ ​ ​ ​

Balance, end of year

   $ 3,465   $ 1,615  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
Accounts Receivable Balances

 

 

 
   Gross   Allowance   Net  
 
   (Dollars in Thousands)
  

June 30, 2014:

                    

Accounts Receivable

   $ 41,997   $ 3,465   $ 38,532  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 41,997   $ 3,465   $ 38,532  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

June 30, 2013:

                    

Accounts Receivable

   $ 38,603   $ 1,615   $ 36,988  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 38,603   $ 1,615   $ 36,988  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on a Recurring Basis

 

 

 
   Fair Value Measurements at
Reporting Date Using,		  
 
   Quoted Prices in
Active Markets for
Identical Assets
(Level 1 Inputs)		   Significant Other
Observable Inputs
(Level 2 Inputs)		  
 
   (Dollars in Thousands)
  

June 30, 2014:

              

Cash equivalents

   $ 175,875   $ —  

Marketable securities

     —     98,889  

June 30, 2013:

    
 		    
 		  

Cash equivalents

   $ 117,010   $ —  

Marketable securities

     —     92,368  
Calculations of Basic and Diluted Net Income (loss) per Share

 

 

 
   Year Ended June 30,  
 
   2014   2013   2012  
 
   (Dollars and Shares in Thousands,
Except per Share Data)
  

Net income (loss)

   $ 85,783   $ 45,262   $ (13,808 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Weighted average shares outstanding

     92,648     93,586     93,780  

Dilutive impact from:

                    

Employee equity awards

     1,017     1,824     —  

Dilutive weighted average shares outstanding

     93,665     95,410     93,780  

Income (loss) per share

                    

Basic

   $ 0.93   $ 0.48   $ (0.15 )

Dilutive

   $ 0.92   $ 0.47   $ (0.15 )
Potential Common Shares Excluded From Calculation of Dilutive Weighted Average Shares Outstanding

 

 

 
   Year Ended June 30,  
 
   2014   2013   2012  
 
   (Shares in Thousands)
  

Employee equity awards

     291     443     6,554  
Intangible Assets

 

 

 
   Gross
Carrying
Amount		   Accumulated
Amortization		   Effect of
currency
translation		   Net Carrying
Amount		   Weighted
Average
Remaining
Life (in Years)		  
 
   (Dollars in Thousands)
    
  

June 30, 2014:

                                

Technology and patents

   $ 2,596   $ (1,899 ) $ 197   $ 894     1.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 2,596   $ (1,899 ) $ 197   $ 894     1.1  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       

June 30, 2013:

                                

Technology and patents

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

Total

   $ 2,596   $ (977 ) $ 172   $ 1,791     2.0  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
Changes in carrying amount of goodwill for subscription and software reporting unit

 

 

 
   Amount  
 
   (Dollars in
Thousands)
  

Balance as of June 30, 2012:

        

Goodwill

   $ 84,968  

Accumulated impairment losses

     (65,569 )
       
​ ​ ​ ​ ​

 

   $ 19,399  
       
​ ​ ​ ​ ​

Effect of currency translation

     (267 )
       
​ ​ ​ ​ ​

Balance as of June 30, 2013:

        

Goodwill

   $ 84,701  

Accumulated impairment losses

     (65,569 )
       
​ ​ ​ ​ ​

 

   $ 19,132  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​
       

Effect of currency translation

     144  
       
​ ​ ​ ​ ​

Balance as of June 30, 2014:

        

Goodwill

   $ 84,845  

Accumulated impairment losses

     (65,569 )
       
​ ​ ​ ​ ​

 

   $ 19,276  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​