Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Income Taxes Tables

Schedule of components of income taxes

The components of the provision for income taxes are as follows (in thousands):

	Year Ended June 30,
	2012			2011			2010
Current:
Federal	$	(26	)	$	-		$	550
State		-			-			-
Foreign		(13	)		-			-
		(39	)		-			550
Deferred:
Federal		-			-			-
State		-			-			-
Foreign		-			-			-
		-			-			-
Total benefit (provision) for income taxes	$	(39	)	$	-		$	550
(Income) loss before taxes	$	(12,025	)	$	35,203		$	15,574
Tax rate		0.33	%		0.00	%		3.53	%

Schedule of geographical breakdown of consolidated net income (loss) before income taxes by income tax jurisdiction

The following is a geographical breakdown of consolidated net income (loss) before income taxes by income tax jurisdiction (in thousands):

	Year Ended June 30,
	2012			2011			2010
United States	$	(4,596	)	$	(35,203	)	$	(15,574	)
Foreign		16,621			-			-
	$	12,025		$	(35,203	)	$	(15,574	)

Schedule of deferred tax assets

Net deferred tax (liabilities) assets are summarized as follows (in thousands):

	June 30,
	2012			2011
Deferred tax assets:
Net operating loss carryforwards	$	50,476		$	55,133
Tax credit carryforwards		9,841			8,908
Capitalized research and development costs		3,907			6,386
Depreciation and amortization		2,071			2,457
Share-based compensation		3,078			3,117
Reserves and accruals		628			3,160
Gross deferred tax assets		70,001			79,161
Less: valuation allowance		(70,001	)		(79,161	)
Net deferred tax assets	$	-		$	-

Schedule of statutory income tax

The provision for income taxes differs from the amount determined by applying the United States statutory income tax rate to the income or loss before income taxes as summarized below (in thousands):

	Year Ended June 30,
	2012			2011			2010
Tax (provision) benefit at statutory rate	$	(4,761	)	$	14,023		$	6,204
Research and development credits		1,039			1,451			436
Deferred tax assets not benefited		5,769			(14,611	)		(6,136	)
Share-based compensation		(2,009	)		(1,096	)		(488	)
Other		(38	)		233			(16	)
Withholding tax		-			-			550
Federal – alternative minimum tax		(26	)		-			-
Foreign taxes		(13	)		-			-
	$	(39	)	$	-		$	550

Schedule of activity related to gross unrecognized tax benefits

The following table summarizes the activity related to our gross unrecognized tax benefits (in thousands):

	Year Ended June 30,
	2012		2011		2010
Beginning balance	$	1,726	$	1,285	$	1,285
Additions based on tax positions related to current year		581		441		-
Additions (reduction) for tax positions of prior years		-		-		-
Settlements		-		-		-
Lapse of applicable statute of limitations		-		-		-
Ending balance	$	2,307	$	1,726	$	1,285