0001564590-22-016543 | 10-Q | XBRL Viewer

Restructuring and Related Charges (Tables)

9 Months Ended

Mar. 31, 2022

Restructuring And Related Activities [Abstract]

Restructuring liabilities related to severance, benefits, and equipment relocation obligations are recorded in “Other accrued liabilities” in the accompanying condensed consolidated balance sheets. The following table summarizes the activity related to the severance, benefits, and equipment relocation liabilities during the three and nine months ended March 31, 2022 (in thousands):

	Three Months Ended					Nine Months Ended
	March 31, 2022		March 31, 2021			March 31, 2022			March 31, 2021
	Severance and Other					Severance and Other
Balance at beginning of period	$	97	$	181		$	271		$	2,219
Period charges		—		119			12			1,366
Period reversals		—		—			(30	)		(128	)
Period payments		—		(286	)		(156	)		(3,443	)
Balance at end of period	$	97	$	14		$	97		$	14

Revenues

9 Months Ended

Mar. 31, 2022

Revenue From Contract With Customer [Abstract]

Revenues

The Company accounts for revenues in accordance with ASU 2014-09, Revenue from Contracts from Customers (Topic 606). The Company derives the majority of its revenues from sales of its networking equipment, with the remaining revenues generated from sales of services and subscriptions, which primarily includes maintenance contracts and software subscriptions delivered as software as a service (“SaaS”) and additional revenues from professional services, and training for its products. The Company sells its products, maintenance contracts and SaaS direct to customers and to partners in two distribution channels, or tiers. The first tier consists of a limited number of independent distributors that stock its products and sell primarily to resellers. The second tier of the distribution channel consists of non-stocking distributors and value-added resellers that sell directly to end-users. Products and services may be sold separately or in bundled packages.

Revenue Recognition

Performance Obligations. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account in Topic 606. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. Certain of the Company’s contracts have multiple performance obligations, as the promise to transfer individual goods or services is separately identifiable from other promises in the contracts and, therefore, is distinct. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on its relative standalone selling price. The stand-alone selling prices are determined based on the prices at which the Company separately sells these products. For items that are not sold separately, the Company estimates the stand-alone selling prices using other observable inputs.

The Company’s performance obligations are satisfied at a point in time or over time as the customer receives and consumes the benefits provided. Substantially all of the Company’s product sales revenues are recognized at a point in time. Substantially all of the Company’s service, subscription, and SaaS revenues are recognized over time. For revenues recognized over time, the Company uses an input measure, days elapsed, to measure progress.

On March 31, 2022, the Company had $372.4 million of remaining performance obligations, which are primarily comprised of deferred maintenance and SaaS revenues. The Company expects to recognize approximately 21% of its deferred revenue as revenue in fiscal 2022, an additional 45% in fiscal 2023 and 34% of the balance thereafter.

Contract Balances. The timing of revenue recognition, billings and cash collections results in billed accounts receivable and deferred revenue in the condensed consolidated balance sheets. Services provided under renewable support arrangements of the Company are billed in accordance with agreed-upon contractual terms, which are either billed fully at the inception of contract or at periodic intervals (e.g., quarterly or annually). The Company sometimes receives payments from its customers in advance of services being provided, resulting in deferred revenues. These liabilities are reported on the condensed consolidated balance sheets on a contract-by-contract basis at the end of each reporting period.

Revenue recognized for the three months ended March 31, 2022 and 2021 that was included in the deferred revenue balance at the beginning of each period was $77.3 million and $67.9 million, respectively. Revenue recognized for the nine months ended March 31, 2022 and 2021 that was included in the deferred revenue balance at the beginning of each period was $176.1 million and $158.7 million, respectively.

Contract Costs. The Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. Management expects that commission fees paid to sales representatives as a result of obtaining service and subscription contracts and contract renewals are recoverable and therefore the Company’s condensed consolidated balance sheets included capitalized balances in the amount of $14.8 million and $13.1 million at March 31, 2022 and June 30, 2021, respectively. Capitalized commission fees are amortized on a straight-line basis over the average period of service contracts of approximately three years, and are included in “Sales and marketing” in the accompanying condensed consolidated statements of operations. Amortization recognized during the three months ended March 31, 2022 and 2021, was $1.9 million and $1.4 million, respectively. Amortization recognized during the nine months ended March 31, 2022 and 2021, was $5.5 million and $3.9 million, respectively.

Estimated Variable Consideration. There were no material changes in the current period to the estimated variable consideration for performance obligations, which were satisfied or partially satisfied during previous periods.

Revenues by Category

The Company operates in three geographic regions: Americas, which includes the United States, Canada, Mexico, Central America and South America; EMEA, which includes Europe, Russia, Middle East and Africa; and APAC, which includes Asia Pacific, China, South Asia and Japan. The following table sets forth the Company’s revenues disaggregated by sales channel and geographic region based on the billing addresses of its customers (in thousands):

	Three Months Ended
	March 31, 2022						March 31, 2021
	Distributor		Direct		Total		Distributor		Direct		Total
Americas:
United States	$	59,582	$	60,852	$	120,434	$	54,873	$	62,172	$	117,045
Other		7,574		3,513		11,087		8,926		3,730		12,656
Total Americas		67,156		64,365		131,521		63,799		65,902		129,701
EMEA		101,980		36,844		138,824		65,210		34,127		99,337
APAC		40		15,123		15,163		3,569		20,793		24,362
Total net revenues	$	169,176	$	116,332	$	285,508	$	132,578	$	120,822	$	253,400

	Nine Months Ended
	March 31, 2022						March 31, 2021
	Distributor		Direct		Total		Distributor		Direct		Total
Americas:
United States	$	184,215	$	196,768	$	380,983	$	162,049	$	178,263	$	340,312
Other		19,238		11,835		31,073		26,117		11,468		37,585
Total Americas		203,453		208,603		412,056		188,166		189,731		377,897
EMEA		248,812		114,703		363,515		182,341		101,923		284,264
APAC		9,409		49,145		58,554		11,413		57,756		69,169
Total net revenues	$	461,674	$	372,451	$	834,125	$	381,920	$	349,410	$	731,330

For the three months ended March 31, 2022 and 2021, the Company generated 18% and 11% of its revenues from the Netherlands. For the nine months ended March 31, 2022 and 2021, the Company generated 12% and 10% of its revenues from the Netherlands. No other foreign country accounted for 10% or more of revenue for the three and nine months ended March 31, 2022 or 2021.

Customer Concentrations

The Company performs ongoing credit evaluations of its customers and generally does not require collateral in exchange for credit.

The following table sets forth customers accounting for 10% or more of the Company’s net revenues for the periods indicated below:

	Three Months Ended		Nine Months Ended
	March 31, 2022	March 31, 2021	March 31, 2022	March 31, 2021
TD Synnex Corporation	17%	15%	20%	21%
Jenne Corporation	20%	16%	17%	14%
Westcon Group Inc.	25%	19%	18%	17%

The following table sets forth customers accounting for 10% or more of the Company’s accounts receivable balance:


	March 31, 2022	June 30, 2021
TD Synnex Corporation	*	19%
Jenne Corporation	23%	24%
Westcon Group Inc.	29%	*
* Less than 10% of accounts receivable.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In-Capital	Accumulated Other Comprehensive Loss	Treasury Stock	Accumulated Deficit
Balance at Jun. 30, 2020	$ 5,398	$ 127	$ 1,035,041	$ (6,378)		$ (980,279)
Balance, common stock, shares at Jun. 30, 2020		127,114
Treasury stock, shares at Jun. 30, 2020					(6,597)
Treasury stock, value at Jun. 30, 2020					$ (43,113)
Net income (loss)	(8,390)					(8,390)
Other comprehensive income (loss)	3,366			3,366
Issuance of common stock from equity incentive plans, net of tax withholdings	7,167	$ 6	7,161
Issuance of common stock from equity incentive plans, net of tax withholdings, shares		5,394
Share-based compensation	27,595		27,595		$ 0
Balance at Mar. 31, 2021	35,136	$ 133	1,069,797	(3,012)		(988,669)
Balance, common stock, shares at Mar. 31, 2021		132,508
Treasury stock, shares at Mar. 31, 2021					(6,597)
Treasury stock, value at Mar. 31, 2021					$ (43,113)
Balance at Dec. 31, 2020	17,925	$ 130	1,055,719	(2,670)		(992,141)
Balance, common stock, shares at Dec. 31, 2020		130,180
Treasury stock, shares at Dec. 31, 2020					(6,597)
Treasury stock, value at Dec. 31, 2020					$ (43,113)
Net income (loss)	3,472					3,472
Other comprehensive income (loss)	(342)			(342)
Issuance of common stock from equity incentive plans, net of tax withholdings	4,883	$ 3	4,880		$ 0
Issuance of common stock from equity incentive plans, net of tax withholdings, shares		2,328
Share-based compensation	9,198		9,198
Balance at Mar. 31, 2021	35,136	$ 133	1,069,797	(3,012)		(988,669)
Balance, common stock, shares at Mar. 31, 2021		132,508
Treasury stock, shares at Mar. 31, 2021					(6,597)
Treasury stock, value at Mar. 31, 2021					$ (43,113)
Balance at Jun. 30, 2021	$ 54,468	$ 133	1,078,602	(2,811)		(978,343)
Balance, common stock, shares at Jun. 30, 2021	133,279	133,279
Treasury stock, shares at Jun. 30, 2021	(6,597)				(6,597)
Treasury stock, value at Jun. 30, 2021	$ (43,113)				$ (43,113)
Net income (loss)	38,861					38,861
Other comprehensive income (loss)	1,491			1,491
Issuance of common stock from equity incentive plans, net of tax withholdings	(3,213)	$ 6	(3,219)
Issuance of common stock from equity incentive plans, net of tax withholdings, shares		5,836
Repurchase of stock	(24,974)				$ (24,974)
Repurchase of stock, shares					(1,829)
Share-based compensation	32,630		32,630
Balance at Mar. 31, 2022	$ 99,263	$ 139	1,108,013	(1,320)		(939,482)
Balance, common stock, shares at Mar. 31, 2022	139,115	139,115
Treasury stock, shares at Mar. 31, 2022	(8,426)				(8,426)
Treasury stock, value at Mar. 31, 2022	$ (68,087)				$ (68,087)
Balance at Dec. 31, 2021	69,599	$ 137	1,092,646	(2,791)		(952,306)
Balance, common stock, shares at Dec. 31, 2021		137,478
Treasury stock, shares at Dec. 31, 2021					(8,426)
Treasury stock, value at Dec. 31, 2021					$ (68,087)
Net income (loss)	12,824					12,824
Other comprehensive income (loss)	1,471			1,471
Issuance of common stock from equity incentive plans, net of tax withholdings	4,516	$ 2	4,514		$ 0
Issuance of common stock from equity incentive plans, net of tax withholdings, shares		1,637
Share-based compensation	10,853		10,853
Balance at Mar. 31, 2022	$ 99,263	$ 139	$ 1,108,013	$ (1,320)		$ (939,482)
Balance, common stock, shares at Mar. 31, 2022	139,115	139,115
Treasury stock, shares at Mar. 31, 2022	(8,426)				(8,426)
Treasury stock, value at Mar. 31, 2022	$ (68,087)				$ (68,087)

Business Combination (Tables) - Ipanema

9 Months Ended

Mar. 31, 2022

Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed

The preliminary purchase price allocation is set forth in the table below and reflects estimated fair values (in thousands):

	Preliminary Allocation as of September 14, 2021			Adjustments				Allocation as of March 31, 2022
Cash and cash equivalents	$	1,364		$	—			$	1,364
Accounts receivable, net		1,440			(6	)	a		1,434
Inventories		337			(63	)	a		274
Prepaid expenses and other current assets		1,841			(1,231	)	a		610
Property and equipment		46							46
Other assets		21							21
Accounts payable		(1,220	)		244		a		(976	)
Accrued compensation and benefits		(2,304	)		467		a		(1,837	)
Accrued warranty		(41	)						(41	)
Other accrued liabilities		(71	)		(51	)	a		(122	)
Deferred revenue		(2,758	)		(7,376	)	a,b		(10,134	)
Deferred taxes		-			(4,320	)	c		(4,320	)
Other liabilities		(723	)						(723	)
Net tangible liabilities		(2,068	)		(12,336	)			(14,404	)

Identifiable intangible assets		16,300			—				16,300
Goodwill		56,649			12,336		a,b,c		68,985
Total intangible assets acquired		72,949			12,336				85,285

Total net assets acquired	$	70,881		$	—			$	70,881

Schedule of Identifiable Intangible Assets Acquired as Part of Acquisition

The changes made during the period in the table above include: a) measurement period adjustments attributable to the Company’s review of the additional information being obtained on preacquisition assets and liabilities, b) the increase in deferred revenue (and the corresponding increase to Goodwill by the same amount) is the result of the adoption of ASU 2021-08 in the period ended December 31, 2021, and c) establishment of deferred tax liability.

The following table presents details of the identifiable intangible assets acquired as part of the acquisition (in thousands):

Intangible Assets	Weighted Average Estimated Useful Life (in years)		Amount
Developed technologies		6	$	14,500
Customer relationships		4		1,800
Total identifiable intangible assets			$	16,300

Summary of Unaudited Pro Forma Financial Information

The following table summarizes the unaudited pro forma financial information (in thousands, except per share amounts):

	Three months ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Net revenues	$	285,508	$	259,073	$	837,251	$	747,901
Net income (loss)	$	15,657	$	750	$	47,201	$	(16,127	)
Net income (loss) per share - basic	$	0.12	$	0.01	$	0.36	$	(0.13	)
Net income (loss) per share - diluted	$	0.12	$	0.01	$	0.35	$	(0.13	)
Shares used in per share calculation - basic		129,913		124,788		129,321		123,252
Shares used in per share calculation - diluted		133,415		129,988		133,779		123,252

Revenues (Narratives) (Details) $ in Millions	3 Months Ended		9 Months Ended
Revenues (Narratives) (Details) $ in Millions	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($)	Mar. 31, 2022 USD ($) Distribution_Channels	Mar. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)
Disaggregation Of Revenue [Line Items]
Number of distribution channels \| Distribution_Channels			2
Estimated selling price determination approach			Certain of the Company’s contracts have multiple performance obligations, as the promise to transfer individual goods or services is separately identifiable from other promises in the contracts and, therefore, is distinct. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on its relative standalone selling price. The stand-alone selling prices are determined based on the prices at which the Company separately sells these products. For items that are not sold separately, the Company estimates the stand-alone selling prices using other observable inputs
Remaining revenue performance obligations	$ 372.4		$ 372.4
Revenue recognized for deferred revenue balance	$ 77.3	$ 67.9	$ 176.1	$ 158.7
Geographic Concentration Risk \| Revenue \| NETHERLANDS
Disaggregation Of Revenue [Line Items]
Concentration risk (percent)	18.00%	11.00%	12.00%	10.00%
Geographic Concentration Risk \| Revenue \| Other Foreign Country \| Maximum
Disaggregation Of Revenue [Line Items]
Concentration risk (percent)	10.00%	10.00%	10.00%	10.00%
Commission Fees
Disaggregation Of Revenue [Line Items]
Revenue, practical expedient, incremental cost of obtaining contract [true false]			true
Contract costs capitalized, balances amount	$ 14.8		$ 14.8		$ 13.1
Contract costs capitalized, amortization period	3 years		3 years
Contract costs capitalized, amortization method			straight-line basis
Contract costs capitalized, amortization expense	$ 1.9	$ 1.4	$ 5.5	$ 3.9

Restructuring and Related Charges (Narratives) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		13 Months Ended	25 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2022
Restructuring Cost And Reserve [Line Items]
Restructuring charges, net of reversals and impairment	$ 0.4		$ 1.0
Facility related charges	$ 0.4		$ 1.0
Reduction-in-force
Restructuring Cost And Reserve [Line Items]
Reduction in force or severance and benefits						$ 9.6
Prior Year Reduction-in-force Plans
Restructuring Cost And Reserve [Line Items]
Restructuring charges, net of reversals and impairment		$ 0.4		$ 2.1
Reduction in force or severance and benefits					$ 9.3
Charges for impairment of right-of-use assets		0.3		0.9
Severance and benefits charges		$ 0.1		$ 1.2

Derivatives and Hedging (Narratives) (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($) Contract	Mar. 31, 2022 USD ($)	Mar. 31, 2021 USD ($) Contract	Jun. 30, 2021 USD ($)
Derivative [Line Items]
Foreign currency transactions realized gains (losses)	$ 0.3	$ 0.6	$ 0.6	$ (1.9)
Interest Rate Swap
Derivative [Line Items]
Notional principal amount of forward foreign exchange contracts	200.0	200.0	$ 200.0	$ 200.0
Maturity date			Apr. 30, 2023	Apr. 30, 2023
Unrealized gain (loss) on interest rate cash flow hedges			$ 0.8	$ (1.3)
Estimated interest income over next twelve months			0.8
Forward Foreign Currency Contracts
Derivative [Line Items]
Notional principal amount of forward foreign exchange contracts	0.2		0.2		$ 21.8
Unrealized Gain (Loss) on Derivatives			0.1		$ (0.2)
Forward Foreign Currency Contracts \| Not Designated as Hedging Instrument
Derivative [Line Items]
Notional principal amount of forward foreign exchange contracts	20.2	26.7	$ 20.2	26.7
Maximum maturities for contracts			40 days
Net gains (losses) on forward foreign currency contracts	(0.1)	$ (0.3)	$ (0.4)	$ 0.5
Forward Foreign Currency Contracts \| Designated as Hedging Instrument
Derivative [Line Items]
Notional principal amount of forward foreign exchange contracts	$ 0.2		$ 0.2
Maximum maturities for contracts			12 months
Number of derivative financial instruments \| Contract		0		0
Forward Foreign Currency Contracts \| Designated as Hedging Instrument \| Maximum
Derivative [Line Items]
Unrealized Gain (Loss) on Derivatives			$ 0.1

Description of Business and Basis of Presentation

9 Months Ended

Mar. 31, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Description of Business and Basis of Presentation

1.	Description of Business and Basis of Presentation

Extreme Networks, Inc., together with its subsidiaries (collectively referred to as “Extreme” or the “Company”), is a leader in providing software-driven networking solutions for enterprise customers. The Company conducts its sales and marketing activities on a worldwide basis through distributors, resellers and the Company’s field sales organization. Extreme was incorporated in California in 1996 and reincorporated in Delaware in 1999.

The unaudited condensed consolidated financial statements of Extreme included herein have been prepared under the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted under such rules and regulations. The condensed consolidated balance sheets at June 30, 2021 was derived from audited financial statements as of that date but does not include all disclosures required by generally accepted accounting principles for complete financial statements. These interim financial statements and notes should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021.

The unaudited condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the results of operations and cash flows for the interim periods presented and the financial condition of Extreme at March 31, 2022. The results of operations for the three and nine months ended March 31, 2022 are not necessarily indicative of the results that may be expected for fiscal 2022 or any future periods.

Fiscal Year

The Company uses a fiscal calendar year ending on June 30. All references herein to “fiscal 2022” or “2022” represent the fiscal year ending June 30, 2022. All references herein to “fiscal 2021” or “2021” represent the fiscal year ended June 30, 2021.

Principles of Consolidation

The unaudited condensed consolidated financial statements include the accounts of Extreme and its wholly owned subsidiaries. All inter-company accounts and transactions have been eliminated.

The Company predominantly uses the United States Dollar as its functional currency. The functional currency for certain of its foreign subsidiaries is the local currency. For those subsidiaries that operate in a local functional currency environment, all assets and liabilities are translated to United States Dollars at current month end rates of exchange and revenues and expenses are translated using the monthly average rate.

Accounting Estimates

The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates.

Fair Value Measurements (Narratives) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Forward Foreign Currency Contracts
Assets/Liabilities
Notional principal amount of forward foreign exchange contracts	$ 200,000		$ 200,000		$ 21,800,000
Unrealized Gain (Loss) on Derivatives			100,000		(200,000)
Interest rate swap contracts
Assets/Liabilities
Notional principal amount of forward foreign exchange contracts	200,000,000.0		200,000,000.0		200,000,000.0
Other Comprehensive Income (Loss) \| Interest rate swap contracts
Assets/Liabilities
Unrealized gain (loss) on interest rate cash flow hedges			800,000		(1,100,000)
Not Designated as Hedging Instrument \| Forward Foreign Currency Contracts
Assets/Liabilities
Notional principal amount of forward foreign exchange contracts	20,200,000		$ 20,200,000		$ 23,000,000.0
Maximum maturities for contracts			40 days		40 days
Not Designated as Hedging Instrument \| Forward Foreign Currency Contracts
Assets/Liabilities
Notional principal amount of forward foreign exchange contracts	20,200,000	$ 26,700,000	$ 20,200,000	$ 26,700,000
Maximum maturities for contracts			40 days
Gain (Loss) on Sale of Derivatives	(100,000)	(300,000)	$ (400,000)	500,000
Level 2 Assets and Liabilities
Assets/Liabilities
Long-term debt, fair value	315,800,000		315,800,000		$ 346,700,000
Transfers of assets between Level 1 and Level 2	0	0	0	0
Transfers of liabilities between Level 1 and Level 2	0	0	0	0
Level 3 Assets and Liabilities
Assets/Liabilities
Acquisition-related contingent consideration obligations					$ 900,000
Fair value, measurement level 3 asset, transfers			0
Fair value, measurement level 3 liabilities transfers			0
Transfers of assets between Level 2 and Level 3	0	0	0	0
Transfers of liabilities between Level 2 and Level 3	0	0	0	0
Fair value assets impairment	$ 0	$ 0	$ 0	$ 0

Summary of Significant Accounting Policies (Narratives) (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Significant Accounting Policies [Line Items]
Deferred revenue	$ 16,725	$ 27,233
Ipanema
Significant Accounting Policies [Line Items]
Deferred revenue	$ 7,100

Balance Sheet Accounts (Narratives) (Details)	9 Months Ended
Balance Sheet Accounts (Narratives) (Details)	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Standard hardware warranty period (in months)	1 year
Standard software warranty period (in days)	90 days
Maximum investment in one obligor or maker (percent)	10.00%

Debt (Narratives) (Details) - USD ($)		3 Months Ended			6 Months Ended	9 Months Ended		12 Months Ended
Debt (Narratives) (Details) - USD ($)	Aug. 09, 2019	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021	May 08, 2021	Nov. 03, 2020	Jun. 30, 2020	May 08, 2020
Line Of Credit Facility [Line Items]
Outstanding letters of credit		$ 14,800,000				$ 14,800,000
Interest Expense
Line Of Credit Facility [Line Items]
Amortization of deferred financing costs		700,000		$ 700,000		$ 2,300,000	$ 2,300,000
2019 Credit Agreement
Line Of Credit Facility [Line Items]
Deferred financing cost											$ 10,500,000
Amortization of deferred financing costs	$ 1,600,000
Debt instrument interest rate						2.07%	4.60%
2019 Credit Agreement \| First Amendment
Line Of Credit Facility [Line Items]
Amendment start date					Apr. 08, 2020
2019 Credit Agreement \| Second Amendment
Line Of Credit Facility [Line Items]
Amendment start date					May 08, 2020
2019 Credit Agreement \| Third Amendment
Line Of Credit Facility [Line Items]
Amendment start date					Nov. 03, 2020
Line of credit sublimit for letters of credit										$ 20,000,000.0
2019 Credit Agreement \| Fourth Amendment
Line Of Credit Facility [Line Items]
Amendment start date					Dec. 08, 2020
2019 Credit Agreement \| Term Loan
Line Of Credit Facility [Line Items]
Credit Facility, term	5 years
Borrowing capacity from Credit Agreement	$ 380,000,000.0
Repayments of Lines of Credit						$ 12,000,000.0
2019 Credit Agreement \| Revolving Facility
Line Of Credit Facility [Line Items]
Credit Facility, term	5 years
Borrowing capacity from Credit Agreement	$ 75,000,000.0
Repayments of Lines of Credit								$ 55,000,000.0
Line of credit facility remaining outstanding balance		0				0
Borrowing capacity from Credit Agreement		$ 60,200,000				$ 60,200,000
2019 Credit Agreement \| Revolving Facility \| Second Amendment
Line Of Credit Facility [Line Items]
Borrowing capacity from Credit Agreement									$ 55,000,000.0			$ 55,000,000.0
2019 Credit Agreement \| Revolving Facility \| Applicable Margin for Eurodollar \| Second Amendment
Line Of Credit Facility [Line Items]
Euro dollar rate												4.50%
Initial Term Loan \| Revolving Facility
Line Of Credit Facility [Line Items]
Base rate	0.00%
Commitment fee			0.25%
Amendments
Line Of Credit Facility [Line Items]
Deferred financing cost											$ 1,500,000
Maximum \| 2019 Credit Agreement
Line Of Credit Facility [Line Items]
Additional incremental loan facility that may be requested	$ 100,000,000.0
Maximum \| 2019 Credit Agreement \| Applicable Margin for Eurodollar \| Second Amendment
Line Of Credit Facility [Line Items]
Commitment fee						0.40%
Suspension period rate						4.50%
Maximum \| Initial Term Loan \| Applicable Margin for Eurodollar
Line Of Credit Facility [Line Items]
Borrowings, interest rate	3.50%
Maximum \| Initial Term Loan \| Applicable Margin for Base Rate
Line Of Credit Facility [Line Items]
Borrowings, interest rate	2.50%
Maximum \| Initial Term Loan \| Revolving Facility
Line Of Credit Facility [Line Items]
Commitment fee	0.40%
Minimum \| 2019 Credit Agreement \| Applicable Margin for Eurodollar \| Second Amendment
Line Of Credit Facility [Line Items]
Commitment fee						0.35%
Ongoing rate						2.75%
Minimum \| Initial Term Loan \| Applicable Margin for Eurodollar
Line Of Credit Facility [Line Items]
Borrowings, interest rate	1.25%
Minimum \| Initial Term Loan \| Applicable Margin for Base Rate
Line Of Credit Facility [Line Items]
Borrowings, interest rate	0.25%
Minimum \| Initial Term Loan \| Revolving Facility
Line Of Credit Facility [Line Items]
Commitment fee	0.25%

Debt

9 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Debt

The Company’s debt is comprised of the following (in thousands):

	March 31, 2022			June 30, 2021
Current portion of long-term debt:
Term Loan	$	33,250		$	26,125
Less: unamortized debt issuance costs		(2,305	)		(2,404	)
Current portion of long-term debt	$	30,945		$	23,721

Long-term debt, less current portion:
Term Loan	$	282,500		$	320,625
Less: unamortized debt issuance costs		(2,986	)		(4,760	)
Total long-term debt, less current portion		279,514			315,865
Total debt	$	310,459		$	339,586

In connection with the acquisition of Aerohive Networks, Inc., on August 9, 2019, the Company entered into an Amended and Restated Credit Agreement (the “2019 Credit Agreement”), by and among the Company, as borrower, several banks and other financial institutions as Lenders, BMO Harris Bank N.A., as an issuing lender and swingline lender, Silicon Valley Bank, as an Issuing Lender, and Bank of Montreal, as administrative agent and collateral agent for the Lenders.

The 2019 Credit Agreement provides for a five-year first lien term loan facility in an aggregate principal amount of $380.0 million and a five-year revolving loan facility in an aggregate principal amount of $75.0 million (the “2019 Revolving Facility”). In addition, the Company may request incremental term loans and/or incremental revolving loan commitments in an aggregate amount not to exceed the sum of $100.0 million, plus an unlimited amount that is subject to pro forma compliance with certain financial tests. On August 9, 2019, the Company used the additional proceeds from the term loan to partially fund the Acquisition and for working capital and general corporate purposes.

At the Company’s election, the initial term loan under the 2019 Credit Agreement may be made as either base rate loans or Eurodollar loans. The applicable margin for base rate loans ranges from 0.25% to 2.50% per annum and the applicable margin for Eurodollar loans ranges from 1.25% to 3.50%, in each case based on Extreme’s consolidated leverage ratio. All Eurodollar loans are subject to a Base Rate of 0.00%. In addition, the Company is required to pay a commitment fee of between 0.25% and 0.40% quarterly (currently 0.25%) on the unused portion of the 2019 Revolving Facility, also based on the Company’s consolidated leverage ratio. Principal installments are payable on the new term loan in varying percentages quarterly starting December 31, 2019 and to the extent not previously paid, all outstanding balances are to be paid at maturity. The 2019 Credit Agreement is secured by substantially all of the Company’s assets.

The 2019 Credit Agreement requires the Company to maintain certain minimum financial ratios at the end of each fiscal quarter. The 2019 Credit Agreement also includes covenants and restrictions that limit, among other things, the Company’s ability to incur additional indebtedness, create liens upon any of its property, merge, consolidate or sell all or substantially all of its assets. The 2019 Credit Agreement also includes customary events of default which may result in acceleration of the payment of the outstanding balance.

On April 8, 2020, the Company entered into the first amendment to the 2019 Credit Agreement (the “First Amendment”) to waive certain terms and financial covenants of the 2019 Credit Agreement through July 31, 2020. On May 8, 2020, the Company entered into the second amendment to the 2019 Credit Agreement (the “Second Amendment”), which superseded the First Amendment and provided certain revised terms and financial covenants through March 31, 2021. Subsequent to March 31, 2021, the original terms and financial covenants under the 2019 Credit Agreement resumed in effect. The Second Amendment required the Company to maintain certain minimum cash requirement and certain financial metrics at the end of each fiscal quarter through March 31, 2021. Under the terms of the Second Amendment, the Company was not permitted to exceed $55.0 million in its outstanding balance under the 2019 Revolving Facility, the applicable margin for Eurodollar rate was 4.50%, and the Company was restricted from pursuing certain activities such as incurring additional debt, stock repurchases, making acquisitions or declaring a dividend, until the Company was in compliance with the original covenants of the 2019 Credit Agreement.

On November 3, 2020, the Company and its lenders entered into the Third Amendment to the 2019 Credit Agreement (the “Third Amendment”), to increase the sublimit for letters of credit to $20.0 million. On December 8, 2020, the Company and its lenders entered into the fourth amendment to the 2019 Credit Agreement (the “Fourth Amendment”), to waive and amend certain terms and financial covenants within the 2019 Credit Agreement through March 31, 2021.

The Second Amendment provided for the Company to end the covenant Suspension Period early and revert to the covenants and interest rates per the original terms of the 2019 Credit Agreement dated August 9, 2019 by filing a Suspension Period Early Termination Notice and Covenant Certificate demonstrating compliance. For the twelve-month period ended March 31, 2021, the

Company’s financial performance was in compliance with the original covenants defined in the 2019 Credit Agreement and, as such, the Company filed a Suspension Early Termination Notice and Covenant Certificate with the administration agent subsequent to filing the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2021. Returning to compliance with the covenants per the original terms of the 2019 Credit Agreement dated August 9, 2019 resulted in the Company’s Eurodollar loan spread decreasing from 4.50% during the suspension period to 2.75% and unused facility commitment fee decreasing from 0.40% to 0.35%, and the limitation on revolver borrowings being removed effective May 1, 2021 after filing of the certificate with the administrative agent.

Financing costs incurred in connection with obtaining long-term financing are deferred and amortized over the term of the related indebtedness or credit agreement. During the year ended June 30, 2020, the Company incurred $10.5 million of deferred financing costs in conjunction with the 2019 Credit Agreement and $1.5 million of deferred financing costs from the amendments, and continues to amortize $1.6 million of debt issuance costs as of August 9, 2019 that were associated with the previous facility. The interest rate as of March 31, 2022 was 2.07% and as of March 31, 2021 was 4.60%.

Amortization of deferred financing costs included in “Interest expense” in the accompanying condensed consolidated statements of operations were $0.7 million each for the three months ended March 31, 2022 and 2021 and were $2.3 million each for the nine months ended March 31, 2022 and 2021.

During the fiscal year ended June 30, 2021, the Company repaid $55.0 million against its 2019 Revolving Facility’s outstanding balance of $55.0 million and had no remaining outstanding balance at March 31, 2022. The Company had $60.2 million of availability under the 2019 Revolving Facility as of March 31, 2022. During the nine months ended March 31, 2022, the Company made an additional payment of $12.0 million against its term loan facility.

The Company had $14.8 million of outstanding letters of credit as of March 31, 2022.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Restructuring and Related Charges (Restructuring Liabilities) (Details) - Severance And Other - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost And Reserve [Line Items]
Beginning balance	$ 97	$ 181	$ 271	$ 2,219
Period charges	0	119	12	1,366
Period reversals	0	0	(30)	(128)
Period payments	0	(286)	(156)	(3,443)
Ending balance	$ 97	$ 14	$ 97	$ 14

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Current assets:
Cash	$ 166,566	$ 246,894
Accounts receivable, net	162,967	156,476
Inventories	37,738	32,885
Prepaid expenses and other current assets	79,605	51,340
Total current assets	446,876	487,595
Property and equipment, net	49,365	55,004
Operating lease right-of-use assets, net	28,164	36,927
Intangible assets, net	36,689	36,038
Goodwill	400,144	331,159
Other assets	63,606	63,370
Total assets	1,024,844	1,010,093
Current liabilities:
Current portion of long-term debt, net of unamortized debt issuance costs of $2,305 and $2,404, respectively	30,945	23,721
Accounts payable	68,504	60,142
Accrued compensation and benefits	45,151	71,610
Accrued warranty	10,576	11,623
Current portion of operating lease liabilities	15,804	18,743
Current portion of deferred revenue	222,380	212,412
Other accrued liabilities	64,430	57,449
Total current liabilities	457,790	455,700
Deferred revenue, less current portion	150,030	133,172
Long-term debt, less current portion, net of unamortized debt issuance costs of $2,986 and $4,760, respectively	279,514	315,865
Operating lease liabilities, less current portion	23,919	32,515
Deferred income taxes	7,956	3,828
Other long-term liabilities	6,372	14,545
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, $0.001 par value, 750,000 shares authorized; 139,115 and 133,279 shares issued, respectively; 130,689 and 126,682 shares outstanding, respectively	139	133
Additional paid-in-capital	1,108,013	1,078,602
Accumulated other comprehensive loss	(1,320)	(2,811)
Accumulated deficit	(939,482)	(978,343)
Treasury stock at cost, 8,426 and 6,597 shares, respectively	(68,087)	(43,113)
Total stockholders’ equity	99,263	54,468
Total liabilities and stockholders’ equity	$ 1,024,844	$ 1,010,093

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Fiscal Year

Principles of Consolidation

The unaudited condensed consolidated financial statements include the accounts of Extreme and its wholly owned subsidiaries. All inter-company accounts and transactions have been eliminated.

Accounting Estimates

Recently Issued and Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

In December 2019, the Financial Accounting Standards Board (“the FASB”) issued ASU 2019-12, Income Taxes – Simplifying the Accounting for Income Taxes (Topic 740), which reduces the complexity of accounting for income taxes including the removal of certain exceptions to the general principles of Accounting Standards Codification (“ASC”) 740, Income Taxes, and simplification in several other areas such as accounting for franchise tax (or similar tax) that is partially based on income. This standard is effective for fiscal years beginning after December 15, 2020, including interim periods within the fiscal year. The standard was adopted on July 1, 2021 and did not have a material impact on the Company’s financial statements upon adoption.

Recently Issued and Adopted Accounting Pronouncements

In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers, as if it had originated the contracts. Under the current business combinations guidance, such assets and liabilities are recognized by the acquirer at fair value on the acquisition date. ASU 2021-08 is effective for annual periods beginning after December 15, 2022 and interim periods within those annual periods, with early adoption permitted, including adoption in an interim period. The Company elected to early adopt the standard in the quarter ended December 31, 2021 and retrospectively applied the standard to the acquisition that happened in the current fiscal year beginning July 1, 2021. The application of the guidance increased the deferred revenue balance acquired through the acquisition of Ipanema by $7.1 million as of the acquisition date.

Revenue Recognition

Revenues by Category

	Three Months Ended
	March 31, 2022						March 31, 2021
	Distributor		Direct		Total		Distributor		Direct		Total
Americas:
United States	$	59,582	$	60,852	$	120,434	$	54,873	$	62,172	$	117,045
Other		7,574		3,513		11,087		8,926		3,730		12,656
Total Americas		67,156		64,365		131,521		63,799		65,902		129,701
EMEA		101,980		36,844		138,824		65,210		34,127		99,337
APAC		40		15,123		15,163		3,569		20,793		24,362
Total net revenues	$	169,176	$	116,332	$	285,508	$	132,578	$	120,822	$	253,400

	Nine Months Ended
	March 31, 2022						March 31, 2021
	Distributor		Direct		Total		Distributor		Direct		Total
Americas:
United States	$	184,215	$	196,768	$	380,983	$	162,049	$	178,263	$	340,312
Other		19,238		11,835		31,073		26,117		11,468		37,585
Total Americas		203,453		208,603		412,056		188,166		189,731		377,897
EMEA		248,812		114,703		363,515		182,341		101,923		284,264
APAC		9,409		49,145		58,554		11,413		57,756		69,169
Total net revenues	$	461,674	$	372,451	$	834,125	$	381,920	$	349,410	$	731,330

Inventories

The Company values its inventory at the lower of cost or net realizable value. Cost is computed using standard cost, which approximates actual cost, on a first-in, first-out basis. The Company adjusts the carrying value of its inventory when conditions exist that suggest that inventory may be in excess of anticipated demand or is obsolete based upon assumptions about future demand. At the point of the loss recognition, a new, lower-cost basis for that inventory is established, and subsequent changes in facts and circumstances do not result in the restoration or increase in that newly established cost basis. Any previously written down or obsolete inventory subsequently sold has not had a material impact on gross margin for any of the periods presented.

Inventories consist of the following (in thousands):

	March 31, 2022		June 30, 2021
Finished goods	$	30,737	$	27,901
Raw materials		7,001		4,984
Total inventories	$	37,738	$	32,885

Property and Equipment, Net

Property and equipment, net consist of the following (in thousands):

	March 31, 2022			June 30, 2021
Computers and equipment	$	76,407		$	75,866
Purchased software		44,587			40,037
Office equipment, furniture and fixtures		9,874			10,201
Leasehold improvements		52,972			53,329
Total property and equipment		183,840			179,433
Less: accumulated depreciation and amortization		(134,475	)		(124,429	)
Property and equipment, net	$	49,365		$	55,004

Deferred Revenue

Deferred revenue represents amounts for deferred maintenance, support, SaaS, and other deferred revenue including professional services and training when the revenue recognition criteria have not been met.

Guarantees and Product Warranties

The majority of the Company’s hardware products are shipped with either a one-year warranty or a limited lifetime warranty, and software products receive a 90-day warranty. Upon shipment of products to its customers, the Company estimates expenses for the cost to repair or replace products that may be returned under warranty and accrues a liability in cost of product revenues for this amount. The determination of the Company’s warranty requirements is based on actual historical experience with the product or product family, estimates of repair and replacement costs and any product warranty problems that are identified after shipment. The Company estimates and adjusts these accruals at each balance sheet date in accordance with changes in these factors.

The following table summarizes the activity related to the Company’s product warranty liability during the three and nine months ended March 31, 2022 and 2021 (in thousands):

	Three Months Ended						Nine Months Ended
	March 31, 2022			March 31, 2021			March 31, 2022			March 31, 2021
Balance beginning of period	$	11,137		$	13,073		$	11,623		$	14,035
Warranties assumed due to acquisition		—			—			41			—
New warranties issued		3,104			2,969			9,636			9,105
Warranty expenditures		(3,665	)		(3,725	)		(10,724	)		(10,823	)
Balance end of period	$	10,576		$	12,317		$	10,576		$	12,317

To facilitate sales of its products in the normal course of business, the Company indemnifies its resellers and end-user customers with respect to certain matters. The Company has agreed to hold the customer harmless against losses arising for intellectual property infringement and certain other losses. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. It is not possible to estimate the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made by the Company under these agreements have not had a material impact on its operating results or financial position.

Concentrations

The Company may be subject to concentration of credit risk as a result of certain financial instruments consisting of accounts receivable. See Note 3, Revenues, for the Company’s accounts receivable concentration. The Company does not invest an amount exceeding 10% of its combined cash in the securities of any one obligor or maker, except for obligations of the United States government, obligations of United States government agencies and money market accounts.

Earnings Per Share

Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Dilutive income per share is calculated by dividing net income by the weighted-average number of shares of common stock used in the basic net income (loss) per share calculation plus the dilutive effect of shares subject to repurchase, options and unvested RSUs.

Intangible Assets (Tables)

9 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Components of Gross and Net Intangible Asset Balances

The following tables summarize the components of gross and net intangible asset balances (dollars in thousands):

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
March 31, 2022
Developed technology	3.3 years	$	170,600	$	142,957	$	27,643
Customer relationships	4.2 years		64,839		56,211		8,628
Backlog	— years		400		400		—
Trade names	0.3 years		10,700		10,620		80
License agreements	4.7 years		2,445		2,107		338
Total intangibles, net		$	248,984	$	212,295	$	36,689

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2021
Developed technology	1.8 years	$	156,100	$	129,861	$	26,239
Customer relationships	4.8 years		63,039		54,204		8,835
Backlog	— years		400		400		—
Trade names	0.7 years		10,700		10,128		572
License agreements	5.4 years		2,445		2,053		392
Total intangibles, net		$	232,684	$	196,646	$	36,038

Summary of Amortization Expense of Intangibles

The amortization expense of intangibles for the periods presented is summarized below (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Amortization of intangibles in “Total cost of revenues”	$	3,639	$	6,449	$	13,074	$	19,797
Amortization of intangibles in "Operations"		638		1,406		2,596		4,704
Total amortization expense	$	4,277	$	7,855	$	15,670	$	24,501

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Current liabilities:
Net of unamortized debt issuance costs	$ 2,305	$ 2,404
Noncurrent liabilities:
Net of unamortized debt issuance costs	$ 2,986	$ 4,760
Stockholders’ equity:
Convertible preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock, shares authorized	2,000,000	2,000,000
Convertible preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	139,115,000	133,279,000
Common stock, shares outstanding	130,689,000	126,682,000
Treasury stock, shares	8,426,000	6,597,000

Intangible Assets (Components of Gross and Net Intangible Asset Balances) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 248,984	$ 232,684
Accumulated Amortization	212,295	196,646
Net Carrying Amount	$ 36,689	$ 36,038
Developed Technologies [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	3 years 3 months 18 days	1 year 9 months 18 days
Gross Carrying Amount	$ 170,600	$ 156,100
Accumulated Amortization	142,957	129,861
Net Carrying Amount	$ 27,643	$ 26,239
Customer Relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	4 years 2 months 12 days	4 years 9 months 18 days
Gross Carrying Amount	$ 64,839	$ 63,039
Accumulated Amortization	56,211	54,204
Net Carrying Amount	$ 8,628	$ 8,835
Backlogs
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	0 years	0 years
Gross Carrying Amount	$ 400	$ 400
Accumulated Amortization	$ 400	$ 400
Trade names
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	3 months 18 days	8 months 12 days
Gross Carrying Amount	$ 10,700	$ 10,700
Accumulated Amortization	10,620	10,128
Net Carrying Amount	$ 80	$ 572
License agreements
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	4 years 8 months 12 days	5 years 4 months 24 days
Gross Carrying Amount	$ 2,445	$ 2,445
Accumulated Amortization	2,107	2,053
Net Carrying Amount	$ 338	$ 392

Net Income (Loss) Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share Basic And Diluted [Line Items]
Net income (loss)	$ 12,824	$ 3,472	$ 38,861	$ (8,390)
Weighted-average shares used in per share calculation - basic	129,913	124,788	129,321	123,252
Weighted-average shares used in per share calculation - diluted	133,415	129,988	133,779	123,252
Net income (loss) per share - basic and diluted
Net income (loss) per share - basic	$ 0.10	$ 0.03	$ 0.30	$ (0.07)
Net income (loss) per share - diluted	$ 0.10	$ 0.03	$ 0.29	$ (0.07)
Options to purchase common stock
Earnings Per Share Basic And Diluted [Line Items]
Options to purchase common stock	535	549	637
Restricted stock units
Earnings Per Share Basic And Diluted [Line Items]
Options to purchase common stock	2,967	4,651	3,821

Employee Benefit Plans (Schedule of Recognized Share-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 10,853	$ 9,198	$ 32,630	$ 27,595
Cost of Product Revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	291	297	904	869
Cost of Service and Subscription Revenues
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	343	412	1,056	1,223
Research and Development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	2,446	2,414	7,568	7,380
Sales and Marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	3,832	3,150	11,267	9,036
General and Administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 3,941	$ 2,925	$ 11,835	$ 9,087

Employee Benefit Plans (Summary of Stock Award Activity) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Mar. 31, 2022 USD ($) $ / shares shares
Number of Shares
Non-vested stock awards outstanding at June 30, 2021 \| shares	8,714
Granted \| shares	4,182
Released \| shares	(5,302)
Cancelled \| shares	(393)
Non-vested stock awards outstanding at March 31, 2022 \| shares	7,201
Stock awards expected to vest at March 31, 2022 \| shares	7,201
Weighted-Average Grant Date Fair Value
Non-vested stock awards outstanding at June 30, 2021 \| $ / shares	$ 5.51
Granted \| $ / shares	11.45
Released \| $ / shares	5.27
Cancelled \| $ / shares	6.69
Non-vested stock awards outstanding at March 31, 2022 \| $ / shares	9.07
Stock awards expected to vest at March 31, 2022 \| $ / shares	$ 9.07
Aggregate Fair Market Value
Non-vested stock awards outstanding at March 31, 2022 \| $	$ 87,928
Stock awards expected to vest at March 31, 2022 \| $	$ 87,928

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Net revenues:
Total net revenues	$ 285,508	$ 253,400	$ 834,125	$ 731,330
Cost of revenues:
Total cost of revenues	124,150	104,587	358,378	307,307
Gross profit:
Total gross profit	161,358	148,813	475,747	424,023
Operating expenses:
Research and development	49,615	48,909	145,461	147,619
Sales and marketing	72,840	70,898	213,932	201,955
General and administrative	17,714	16,023	52,594	48,844
Acquisition and integration costs	2,833		6,456	1,975
Restructuring and related charges	407	425	978	2,121
Amortization of intangibles	638	1,406	2,596	4,704
Total operating expenses	144,047	137,661	422,017	407,218
Operating income	17,311	11,152	53,730	16,805
Interest income	109	81	302	281
Interest expense	(2,794)	(5,594)	(9,750)	(18,325)
Other income (expense), net	54	269	297	(1,572)
Income (loss) before income taxes	14,680	5,908	44,579	(2,811)
Provision for income taxes	1,856	2,436	5,718	5,579
Net income (loss)	$ 12,824	$ 3,472	$ 38,861	$ (8,390)
Basic and diluted income (loss) per share:
Net income (loss) per share - basic	$ 0.10	$ 0.03	$ 0.30	$ (0.07)
Net income (loss) per share - diluted	$ 0.10	$ 0.03	$ 0.29	$ (0.07)
Shares used in per share calculation - basic	129,913	124,788	129,321	123,252
Shares used in per share calculation - diluted	133,415	129,988	133,779	123,252
Product
Net revenues:
Total net revenues	$ 198,373	$ 176,334	$ 574,636	$ 503,575
Cost of revenues:
Total cost of revenues	92,582	76,442	264,459	223,842
Gross profit:
Total gross profit	105,791	99,892	310,177	279,733
Service and Subscription
Net revenues:
Total net revenues	87,135	77,066	259,489	227,755
Cost of revenues:
Total cost of revenues	31,568	28,145	93,919	83,465
Gross profit:
Total gross profit	$ 55,567	$ 48,921	$ 165,570	$ 144,290

Information about Segments and Geographic Areas (Schedule of Long Lived Assets by Segment) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total long-lived assets	$ 177,824	$ 191,339
Americas
Segment Reporting Information [Line Items]
Total long-lived assets	131,770	151,839
EMEA
Segment Reporting Information [Line Items]
Total long-lived assets	32,258	25,940
APAC
Segment Reporting Information [Line Items]
Total long-lived assets	$ 13,796	$ 13,560

Restructuring and Related Charges

9 Months Ended

Mar. 31, 2022

Restructuring And Related Activities [Abstract]

Restructuring and Related Charges

14.	Restructuring and Related Charges

The Company recorded $0.4 million and $1.0 million of restructuring and related charges during the three and nine months ended March 31, 2022, respectively, which primarily included facility related charges of $0.4 million and $1.0 million for the three and nine months ended March 31, 2022, respectively. Severance and benefit restructuring charges consisted primarily of employee severance and benefit expenses incurred under the reduction-in-force action initiated in the third quarter of fiscal 2020 (the “2020 Plan”) to reduce operating costs and enhance financial flexibility as a result of disruptions caused by the COVID-19 global pandemic. With the reduction and realignment of the headcount under the 2020 Plan, the Company is relocating certain of its lab test equipment to third-party consulting companies. The Company has incurred $9.6 million of charges under the 2020 Plan through March 31, 2022. As of March 31, 2022, the Company has substantially completed all these activities under the 2020 Plan. The facility restructuring charges included additional facilities expenses related to previously impaired facilities.

The Company recorded $0.4 million and $2.1 million of restructuring charges, net of reversals and impairments during the three and nine months ended March 31, 2021, respectively. Total restructuring charges included severance, benefits, and equipment relocation charges of $0.1 million and $1.2 million, as well as facility related charges of $0.3 million and $0.9 million for the three and nine months ended March 31, 2021, respectively. Severance and benefit restructuring charges consisted primarily of additional employee severance and benefit expenses incurred under the 2020 Plan to reduce operating costs and enhance financial flexibility as a result of disruptions caused by the COVID-19 global pandemic. With the reduction and realignment of the headcount under 2020 Plan, the Company relocated certain of its lab test equipment to third-party consulting companies. The Company incurred $9.3 million charges under the 2020 Plan through March 31, 2021. The facility restructuring charges included additional facilities expenses related to previously impaired facilities.

	Three Months Ended					Nine Months Ended
	March 31, 2022		March 31, 2021			March 31, 2022			March 31, 2021
	Severance and Other					Severance and Other
Balance at beginning of period	$	97	$	181		$	271		$	2,219
Period charges		—		119			12			1,366
Period reversals		—		—			(30	)		(128	)
Period payments		—		(286	)		(156	)		(3,443	)
Balance at end of period	$	97	$	14		$	97		$	14

Fair Value Measurements (Schedule of Fair Value for Financial Assets and Liabilities Measured on Recurring Basis) (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Assets
Foreign currency derivatives	$ 119
Interest rate swaps	832
Total assets measured at fair value	951
Liabilities
Foreign currency derivatives	36	$ 560
Total liabilities measured at fair value	36	2,606
Interest rate swaps		1,133
Acquisition-related contingent consideration obligations		913
Level 2
Assets
Foreign currency derivatives	119
Interest rate swaps	832
Total assets measured at fair value	951
Liabilities
Foreign currency derivatives	36	560
Total liabilities measured at fair value	$ 36	1,693
Interest rate swaps		1,133
Level 3
Liabilities
Total liabilities measured at fair value		913
Acquisition-related contingent consideration obligations		$ 913

Business Combination (Schedule of Identifiable Intangible Assets Acquired as Part of Acquisition) (Details) - Ipanema $ in Thousands	9 Months Ended
	Mar. 31, 2022 USD ($)
Acquired Finite Lived Intangible Assets [Line Items]
Amount	$ 16,300
Developed Technologies [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)	6 years
Amount	$ 14,500
Customer Relationships [Member]
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)	4 years
Amount	$ 1,800

Business Combination

9 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Business Combination

4.	Business Combination

Fiscal 2022 Acquisition

Ipanema Acquisition

On September 14, 2021 (the “Acquisition Date”), the Company completed its acquisition (the “Acquisition”) of Ipanematech SAS (“Ipanema”), the cloud-native enterprise Software-Defined Wide Area Network (“SD-WAN”) business unit of Infovista pursuant to a Sale and Purchase Agreement. Under the terms of the Acquisition, the net consideration paid by Extreme to Ipanema stockholders was $70.9 million, which was funded from existing cash on hand. The primary reason for the acquisition was to acquire the talent and the technology to allow us to expand our portfolio with new cloud-managed SD-WAN and security offerings to support our enterprise customers.

The Acquisition has been accounted for using the acquisition method of accounting whereby the acquired assets and liabilities of Ipanema have been recorded at their respective fair values and added to those of the Company including an amount for goodwill calculated as the difference between the acquisition consideration and the fair value of the identifiable net assets. The purchase price has been preliminarily allocated to tangible and identifiable intangible assets acquired and liabilities assumed. The final purchase price allocation is pending the finalization of valuations primarily intangible assets, goodwill and income tax assets and liabilities, which may result in an adjustment to the preliminary purchase price allocation.

The estimated fair values were determined through established and generally accepted valuation techniques, including work performed by third-party valuation specialists. The fair value of working capital related items, such as accounts receivable, other current assets and accrued liabilities, approximated their book values at the date of acquisition. The fair value of the acquired deferred revenue was estimated using the cost build-up approach. The cost build-up approach determines fair value using estimates of the costs required to provide the contracted deliverables plus an assumed profit. The total costs including the assumed profit were adjusted to present value using a discount rate considered appropriate. The resulting fair value approximates the amount that the Company would be required to pay to a third party to assume the obligation. The fair value of the acquired deferred revenue was subsequently remeasured in accordance with ASC Topic 606 based on the recently issued and adopted guidance ASU 2021-08. Valuations of the intangible assets were valued using income approaches based on management projections, which the Company considers to be Level 3 inputs. The Company has completed its analysis of the tax implications of the acquisition of the intangible assets and a deferred tax liability has been established for the non-deductible intangible amortization, increasing the overall level of goodwill associated with the Acquisition. Results of operations of Ipanema have been included in the operations of the Company beginning with the Acquisition Date.

The preliminary purchase price allocation is set forth in the table below and reflects estimated fair values (in thousands):

	Preliminary Allocation as of September 14, 2021			Adjustments				Allocation as of March 31, 2022
Cash and cash equivalents	$	1,364		$	—			$	1,364
Accounts receivable, net		1,440			(6	)	a		1,434
Inventories		337			(63	)	a		274
Prepaid expenses and other current assets		1,841			(1,231	)	a		610
Property and equipment		46							46
Other assets		21							21
Accounts payable		(1,220	)		244		a		(976	)
Accrued compensation and benefits		(2,304	)		467		a		(1,837	)
Accrued warranty		(41	)						(41	)
Other accrued liabilities		(71	)		(51	)	a		(122	)
Deferred revenue		(2,758	)		(7,376	)	a,b		(10,134	)
Deferred taxes		-			(4,320	)	c		(4,320	)
Other liabilities		(723	)						(723	)
Net tangible liabilities		(2,068	)		(12,336	)			(14,404	)

Identifiable intangible assets		16,300			—				16,300
Goodwill		56,649			12,336		a,b,c		68,985
Total intangible assets acquired		72,949			12,336				85,285

Total net assets acquired	$	70,881		$	—			$	70,881

The following table presents details of the identifiable intangible assets acquired as part of the acquisition (in thousands):

Intangible Assets	Weighted Average Estimated Useful Life (in years)		Amount
Developed technologies		6	$	14,500
Customer relationships		4		1,800
Total identifiable intangible assets			$	16,300

The amortization for the developed technologies is recorded in “Cost of revenues” for product and the amortization for the remaining intangibles is recorded in “Amortization of intangibles” in the accompanying condensed consolidated statements of operations. The goodwill recognized is attributable primarily to expected synergies and the assembled workforce of Ipanema. The Company will not be entitled to amortization of the goodwill and intangible assets for tax purposes as this acquisition is a nontaxable stock acquisition.

The results of operations of Ipanema are included in the accompanying condensed consolidated results of operations beginning September 15, 2021. The overall results of Operations of Ipanema were not material to the condensed consolidated financial statements of Extreme.

For the three and nine months ended March 31, 2022, the Company incurred acquisition and integration related expenses of $2.8 million and $6.5 million, respectively, associated with the acquisition of Ipanema. Acquisition and integration costs consisted primarily of professional fees for financial and legal advisory services. Such acquisition-related costs were expensed as incurred and are included in “Acquisition and integration costs” in the accompanying condensed consolidated statements of operations.

Pro forma financial information

The following unaudited pro forma results of operations are presented as though the Acquisition had occurred as of the beginning of the earliest period presented, July 1, 2020, the beginning of fiscal 2021, after giving effect to purchase accounting adjustments relating to deferred revenue, depreciation and amortization of intangibles and acquisition and integration costs.

The pro forma results of operations are not necessarily indicative of the combined results that would have occurred had the acquisition been consummated as of the beginning of fiscal 2021, nor are they necessarily indicative of future operating results. The unaudited pro forma results do not include the impact of synergies, nor any potential impacts on current or future market conditions, which could alter the unaudited pro forma results.

The unaudited pro forma financial information for the three and nine months ended March 31, 2022 combines the results for Extreme for such periods assuming the transaction closed on July 1, 2020, which include the results of Ipanema subsequent to the Acquisition Date, and Ipanema’s historical results up to the Acquisition Date. The unaudited pro forma financial information for the three and nine months ended March 31, 2021 combines the historical results of operations for Extreme assuming the transaction closed on July 1, 2020 and historical results for Ipanema.

The following table summarizes the unaudited pro forma financial information (in thousands, except per share amounts):

	Three months ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Net revenues	$	285,508	$	259,073	$	837,251	$	747,901
Net income (loss)	$	15,657	$	750	$	47,201	$	(16,127	)
Net income (loss) per share - basic	$	0.12	$	0.01	$	0.36	$	(0.13	)
Net income (loss) per share - diluted	$	0.12	$	0.01	$	0.35	$	(0.13	)
Shares used in per share calculation - basic		129,913		124,788		129,321		123,252
Shares used in per share calculation - diluted		133,415		129,988		133,779		123,252

Commitments and Contingencies (Narratives) (Details)	Mar. 31, 2022 USD ($)
Inventory Purchase Commitments
Commitments And Contingencies [Line Items]
Non-cancelable purchase commitments	$ 70,400,000

Employee Benefit Plans (Summary of Stock Option Activity) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Number of Shares
Options outstanding at June 30, 2021	1,645
Exercised	(431)
Options outstanding at March 31, 2022	1,214	1,645
Vested and expected to vest at March 31, 2022	1,214
Exercisable at March 31, 2022	975
Weighted-Average Exercise Price Per Share
Options outstanding at June 30, 2021	$ 5.44
Exercised	2.54
Options outstanding at March 31, 2022	6.47	$ 5.44
Vested and expected to vest at March 31, 2022	6.47
Exercisable at March 31, 2022	$ 6.42
Weighted-Average Remaining Contractual Term
Options outstanding	3 years 10 months 9 days	3 years 7 months 13 days
Vested and expected to vest at March 31, 2022	3 years 10 months 9 days
Exercisable at March 31, 2022	3 years 8 months 23 days
Aggregate Intrinsic Value
Options outstanding	$ 6,963	$ 9,404
Vested and expected to vest at March 31, 2022	6,963
Exercisable at March 31, 2022	$ 5,647

Stockholders' Equity

9 Months Ended

Mar. 31, 2022

Equity [Abstract]

Stockholders' Equity

10.	Stockholders’ Equity

Stockholders’ Rights Agreement

On May 17, 2021, the Company entered into the Amended and Restated Tax Benefit Preservation Plan (the “2021 Tax Benefit Preservation Plan”), which amended and restated the Amended and Restated Rights Agreement between the Company and Computershare Shareholder Services LLC, as the rights agent. The 2021 Tax Benefit Preservation Plan was approved by stockholders of the Company at the annual meeting of stockholders on November 4, 2021. The 2021 Tax Benefit Preservation Plan governs the terms of each right (“Right”) that has been issued with respect to each share of common stock of Extreme Networks. Each Right initially represents the right to purchase one one-thousandth of a share of the Company’s Preferred Stock.

The Company’s Board of Directors (the “Board”) adopted the 2021 Tax Benefit Preservation Plan to preserve the value of deferred tax assets, including net operating loss carry forwards of the Company, with respect to its ability to fully use its tax benefits to offset future income which may be limited if the Company experiences an “ownership change” for purposes of Section 382 of the Internal Revenue Code of 1986 as a result of ordinary buying and selling of shares of its common stock. Following its review of the terms of the plan, the Board decided it was necessary and in the best interests of the Company and its stockholders to enter into the 2021 Tax Benefit Preservation Plan.

Equity Incentive Plan

The Compensation Committee of the Board unanimously approved an amendment to the Extreme Networks, Inc. Amended and Restated 2013 Equity Incentive Plan (the “2013 Plan”) on August 11, 2021 to update tax withholding obligations. The Compensation Committee of the Board unanimously approved an amendment to the 2013 Plan on September 10, 2021 to increase the maximum number of available shares by 7.9 million shares, which amendment was approved by the stockholders at the Company’s annual meeting of stockholders held on November 4, 2021.

Employee Stock Purchase Plan

The Compensation Committee of the Board unanimously approved an amendment to the 2014 Employee Stock Purchase Plan (the “ESPP”) on September 9, 2021 to increase the maximum number of shares that will be available for sale thereunder by 7.5 million shares. The amendment was approved by the stockholders of the Company at the annual meeting of stockholders held on November 4, 2021.

Common Stock Repurchases

On November 2, 2018, the Company announced the Board had authorized management to repurchase up to $60.0 million of the Company’s common stock over a two-year period from the date of authorization. Purchases may be made from time to time through any means including, but not limited to, open market purchases and privately negotiated transactions. In February 2020, the Board increased the authorization to repurchase by $40.0 million to $100.0 million and extended the period for repurchase for three years from February 5, 2020. A maximum of $30.0 million of the Company’s common stock may be repurchased in any calendar year.

There were no shares repurchased during the three months ended March 31, 2022. During the nine months ended March 31, 2022, the Company repurchased a total of 1,829,333 shares of its common stock on the open market at a total cost of $25.0 million with an average price of $13.65 per share. There were no shares repurchased during the three and nine months ended March 31, 2021. As of March 31, 2022, approximately $30.0 million remains available for share repurchases under the program.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 14
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Subparagraph (SX 210.3-04)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Balance Sheet Accounts (Components of Property and Equipment) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 183,840	$ 179,433
Less: accumulated depreciation and amortization	(134,475)	(124,429)
Property and equipment, net	49,365	55,004
Computers and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	76,407	75,866
Purchased software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	44,587	40,037
Office equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,874	10,201
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 52,972	$ 53,329

Information about Segments and Geographic Areas (Tables)

9 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Long Lived Assets by Segment

The Company’s long-lived assets are attributed to the geographic regions as follows (in thousands):

	March 31, 2022		June 30, 2021
Americas	$	131,770	$	151,839
EMEA		32,258		25,940
APAC		13,796		13,560
Total long-lived assets	$	177,824	$	191,339

Revenues (Tables)

9 Months Ended

Mar. 31, 2022

Revenue From Contract With Customer [Abstract]

Schedule of Revenues Disaggregated by Sales Channel and Geographic Region

	Three Months Ended
	March 31, 2022						March 31, 2021
	Distributor		Direct		Total		Distributor		Direct		Total
Americas:
United States	$	59,582	$	60,852	$	120,434	$	54,873	$	62,172	$	117,045
Other		7,574		3,513		11,087		8,926		3,730		12,656
Total Americas		67,156		64,365		131,521		63,799		65,902		129,701
EMEA		101,980		36,844		138,824		65,210		34,127		99,337
APAC		40		15,123		15,163		3,569		20,793		24,362
Total net revenues	$	169,176	$	116,332	$	285,508	$	132,578	$	120,822	$	253,400

	Nine Months Ended
	March 31, 2022						March 31, 2021
	Distributor		Direct		Total		Distributor		Direct		Total
Americas:
United States	$	184,215	$	196,768	$	380,983	$	162,049	$	178,263	$	340,312
Other		19,238		11,835		31,073		26,117		11,468		37,585
Total Americas		203,453		208,603		412,056		188,166		189,731		377,897
EMEA		248,812		114,703		363,515		182,341		101,923		284,264
APAC		9,409		49,145		58,554		11,413		57,756		69,169
Total net revenues	$	461,674	$	372,451	$	834,125	$	381,920	$	349,410	$	731,330

Schedule of Customers Accounting for 10% or More of Net Revenues and Accounts Receivable Balance

The following table sets forth customers accounting for 10% or more of the Company’s net revenues for the periods indicated below:

	Three Months Ended		Nine Months Ended
	March 31, 2022	March 31, 2021	March 31, 2022	March 31, 2021
TD Synnex Corporation	17%	15%	20%	21%
Jenne Corporation	20%	16%	17%	14%
Westcon Group Inc.	25%	19%	18%	17%

The following table sets forth customers accounting for 10% or more of the Company’s accounts receivable balance:


	March 31, 2022	June 30, 2021
TD Synnex Corporation	*	19%
Jenne Corporation	23%	24%
Westcon Group Inc.	29%	*
* Less than 10% of accounts receivable.

Balance Sheet Accounts (Components of Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Finished goods	$ 30,737	$ 27,901
Raw materials	7,001	4,984
Total inventories	$ 37,738	$ 32,885

Balance Sheet Accounts (Summary of Product Warranty Liability Activity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance beginning of period	$ 11,137	$ 13,073	$ 11,623	$ 14,035
Warranties assumed due to acquisition			41
New warranties issued	3,104	2,969	9,636	9,105
Warranty expenditures	(3,665)	(3,725)	(10,724)	(10,823)
Balance end of period	$ 10,576	$ 12,317	$ 10,576	$ 12,317

Intangible Assets (Summary of Amortization Expense of Intangibles) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangibles in “Total cost of revenues”	$ 3,639	$ 6,449	$ 13,074	$ 19,797
Type Of Cost Good Or Service Extensible List			Product	Product
Amortization of intangibles in "Operations"	638	1,406	$ 2,596	$ 4,704
Total amortization expense	$ 4,277	$ 7,855	$ 15,670	$ 24,501

Debt (Tables)

9 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Components of Debt

The Company’s debt is comprised of the following (in thousands):

	March 31, 2022			June 30, 2021
Current portion of long-term debt:
Term Loan	$	33,250		$	26,125
Less: unamortized debt issuance costs		(2,305	)		(2,404	)
Current portion of long-term debt	$	30,945		$	23,721

Long-term debt, less current portion:
Term Loan	$	282,500		$	320,625
Less: unamortized debt issuance costs		(2,986	)		(4,760	)
Total long-term debt, less current portion		279,514			315,865
Total debt	$	310,459		$	339,586

Business Combination (Narratives) (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Sep. 14, 2021	Mar. 31, 2022	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition [Line Items]
Business Combination Acquisition Related Costs		$ 2,833	$ 6,456	$ 1,975
Ipanema
Business Acquisition [Line Items]
Business acquisition, cash consideration	$ 70,900
Business acquisition, date of acquisition	Sep. 14, 2021
Business Combination Acquisition Related Costs		$ 2,800	$ 6,500

Income Taxes (Narratives) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax provision (benefit)	$ 1,856	$ 2,436	$ 5,718	$ 5,579
Unrecognized tax benefits	19,100		19,100
Unrecognized tax benefits that would affect the effective tax rate if recognized	500		500
Unrecognized tax benefit future impact if recognized	$ 18,600		$ 18,600

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 12,824	$ 3,472	$ 38,861	$ (8,390)
Derivatives designated as hedging instruments:
Change in unrealized gains and losses on interest rate swaps	908	158	1,169	(135)
Reclassification adjustment related to interest rate swaps	231	230	797	616
Change in unrealized gains and losses on foreign currency forward contracts	275		214
Net change from derivatives designated as hedging instruments	1,414	388	2,180	481
Net change in foreign currency translation adjustments	57	(730)	(689)	2,885
Other comprehensive income (loss)	1,471	(342)	1,491	3,366
Total comprehensive income (loss)	$ 14,295	$ 3,130	$ 40,352	$ (5,024)

Commitments and Contingencies

9 Months Ended

Mar. 31, 2022

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

9.	Commitments and Contingencies

Purchase Commitments

The Company currently has arrangements with contract manufacturers and suppliers for the manufacture of its products. Those arrangements allow the contract manufactures to procure long lead-time component inventory based upon a rolling production forecast provided by the Company. The Company is obligated to purchase long lead-time component inventory that its contract manufacturer procures in accordance with the forecast, unless the Company gives notice of order cancellation outside of applicable component lead-times. As of March 31, 2022, the Company had commitments to purchase $70.4 million of inventory.

Legal Proceedings

The Company may from time to time be party to litigation arising in the course of its business, including, without limitation, allegations relating to commercial transactions, business relationships or intellectual property rights. Such claims, even if not meritorious, could result in the expenditure of significant financial and managerial resources. Litigation in general, and intellectual property in particular, can be expensive and disruptive to normal business operations. Moreover, the results of legal proceedings are difficult to predict.

In accordance with applicable accounting guidance, the Company records accruals for certain of its outstanding legal proceedings, investigations or claims when it is probable that a liability will be incurred, and the amount of loss can be reasonably estimated. The Company evaluates, at least on a quarterly basis, developments in legal proceedings, investigations or claims that could affect the amount of any accrual, as well as any developments that would result in a loss contingency to become both probable and reasonably estimable. When a loss contingency is not both probable and reasonably estimable, the Company does not record a loss accrual. However, if the loss (or an additional loss in excess of any prior accrual) is at least reasonably possible and material and a reasonable estimate can be made, then the Company would make an accrual. The assessment whether a loss is probable or a reasonable possibility, and whether the loss or a range of loss is estimable, involves a series of complex judgments about future events. Litigation is unpredictable, and even if a loss is reasonably possible, the Company may not be able to estimate a range of possible loss, particularly where (i) the damages sought are substantial or indeterminate, (ii) the proceedings are in the early stages, or (iii) the matters involve novel or unsettled legal theories or a large number of parties. In such cases, there is considerable uncertainty regarding the ultimate resolution of such matters, including the amount of any possible loss, fine or penalty. An adverse resolution of one or more of such matters could have a material adverse effect on the Company's results of operations in a particular quarter or fiscal year.

XR Communications, LLC d/b/a Vivato Technologies v. Extreme Networks, Inc.

On April 19, 2017, XR Communications, LLC (“XR”) (d/b/a Vivato Technologies) filed a patent infringement lawsuit against the Company in the Central District of California. The operative Second Amended Complaint asserts infringement of certain U.S. Patent based on the Company’s manufacture, use, sale, offer for sale, and/or importation into the United States of certain access points and routers supporting multi-user, multiple-input, multiple-output technology. XR seeks unspecified damages, on-going

royalties, pre- and post-judgment interest, and attorneys’ fees. The Court dismissed the case without prejudice on January 4, 2022 and on April 18, 2022, entered final judgment in favor of the Company. XR has 30 days to file a notice of appeal.

Orckit IP, LLC v. Extreme Networks, Inc., Extreme Networks Ireland Ltd., and Extreme Networks GmbH

On February 1, 2018, Orckit IP, LLC (“Orckit”) filed a patent infringement lawsuit against the Company and its Irish and German subsidiaries in the District Court in Dusseldorf, Germany. The lawsuit alleges direct and indirect infringement of the German portion of a patent (“EP ‘364”) based on the offer, distribution, use, possession and/or importation into Germany of certain network switches that equipped with the ExtremeXOS operating system. Orckit is seeking injunctive relief, accounting, and an unspecified declaration of liability for damages and costs of the lawsuit. On January 28, 2020, the Court rendered a decision in the infringement case in favor of the Company. The matter is proceeding through the appellate process, and an oral hearing was held on October 21, 2021. The Court has appointed an expert to provide an opinion and a decision is pending.

On April 23, 2019, Orckit filed an extension of the patent infringement complaint against the Company and its Irish and German subsidiaries in the District Court in Dusseldorf, Germany. With this extension, Orckit alleges infringement of the German portion of a second patent (“EP ‘077”) based on the offer, distribution, use, possession and/or importation into Germany of certain network switches that the Company no longer sells in Germany. Orckit is seeking injunctive relief, accounting and sales information, and a declaration of liability for damages as well as costs of the lawsuit. On October 13, 2020, the Court issued an infringement decision against the Company and granted to Orckit the right to enforce the judgment against the Company, which Orckit has provided notification to the Company that it will enforce the judgment. In the rendering of account, Orckit was informed that the products at issue were in end of sale status prior to the filing of the EP‘077 complaint. The Company has appealed the infringement decision, and the matter is proceeding through the appellate process.

The Company filed a nullity action related to the EP ‘364 patent on May 3, 2018, and one related to the EP ‘077 patent on October 31, 2019, both in the Federal Patent Court in Munich. The court found the EP ‘364 patent to be valid and the Company has filed an appeal. The case filed to seek to invalidate the EP ‘077 patent is proceeding, with a hearing to be held June 29, 2022.

SNMP Research, Inc. and SNMP Research International, Inc. v. Broadcom Inc., Brocade Communications Systems LLC, and Extreme Networks, Inc.

On October 26, 2020, SNMP Research, Inc. and SNMP Research International, Inc. (collectively, “SNMP”) filed a lawsuit against the Company in the Eastern District of Tennessee for copyright infringement, alleging that the Company was not properly licensed to use its software. SNMP is seeking actual damages and profits attributed to the infringement, as well as equitable relief. The Company has filed a motion to dismiss and a motion to transfer the case to the Northern District of California. Both motions are pending. A trial date has been set for February 2023.

Mala Technologies Ltd. v. Extreme Networks GmbH, Extreme Networks Ireland Ops Ltd., and Extreme Networks, Inc.

On April 15, 2021, Mala Technologies Ltd. (“Mala”) filed a patent infringement lawsuit against the Company and its Irish and German subsidiaries in the District Court in Dusseldorf, Germany. The lawsuit alleges indirect infringement of the German portion of a patent (“EP ‘498”) based on the offer and sale in Germany of certain network switches equipped with the ExtremeXOS operating system. Mala is seeking injunctive relief, accounting, and an unspecified declaration of liability for damages and costs of the lawsuit. A hearing date has been set for July 14, 2022. The Company filed a nullity action related to the EP’498 patent on September 24, 2021 in the German Federal Patent Court.

Indemnification Obligations

Subject to certain limitations, the Company may be obligated to indemnify its current and former directors, officers and employees. These obligations arise under the terms of its certificate of incorporation, its bylaws, applicable contracts, and applicable law. The obligation to indemnify, where applicable, generally means that the Company is required to pay or reimburse, and in certain circumstances the Company has paid or reimbursed, the individuals’ reasonable legal expenses and possibly damages and other liabilities incurred in connection with certain legal matters. The Company also procures Directors and Officers liability insurance to help cover its defense and/or indemnification costs, although its ability to recover such costs through insurance is uncertain. While it is not possible to estimate the maximum potential amount that could be owed under these governing documents and agreements due to the Company’s limited history with prior indemnification claims, indemnification (including defense) costs could, in the future, have a material adverse effect on the Company’s consolidated financial position, results of operations and cash flows.

Balance Sheet Accounts (Tables)

9 Months Ended

Mar. 31, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Components of Inventories

Inventories consist of the following (in thousands):

	March 31, 2022		June 30, 2021
Finished goods	$	30,737	$	27,901
Raw materials		7,001		4,984
Total inventories	$	37,738	$	32,885

Components of Property and Equipment

Property and equipment, net consist of the following (in thousands):

	March 31, 2022			June 30, 2021
Computers and equipment	$	76,407		$	75,866
Purchased software		44,587			40,037
Office equipment, furniture and fixtures		9,874			10,201
Leasehold improvements		52,972			53,329
Total property and equipment		183,840			179,433
Less: accumulated depreciation and amortization		(134,475	)		(124,429	)
Property and equipment, net	$	49,365		$	55,004

Summary of Product Warranty Liability Activity

The following table summarizes the activity related to the Company’s product warranty liability during the three and nine months ended March 31, 2022 and 2021 (in thousands):

	Three Months Ended						Nine Months Ended
	March 31, 2022			March 31, 2021			March 31, 2022			March 31, 2021
Balance beginning of period	$	11,137		$	13,073		$	11,623		$	14,035
Warranties assumed due to acquisition		—			—			41			—
New warranties issued		3,104			2,969			9,636			9,105
Warranty expenditures		(3,665	)		(3,725	)		(10,724	)		(10,823	)
Balance end of period	$	10,576		$	12,317		$	10,576		$	12,317

Business Combination (Summary of Unaudited Pro Forma Financial Information) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition Pro Forma Information [Abstract]
Net revenues	$ 285,508	$ 259,073	$ 837,251	$ 747,901
Net income (loss)	$ 15,657	$ 750	$ 47,201	$ (16,127)
Net income (loss) per share - basic	$ 0.12	$ 0.01	$ 0.36	$ (0.13)
Net income (loss) per share - diluted	$ 0.12	$ 0.01	$ 0.35	$ (0.13)
Shares used in per share calculation - basic	129,913	124,788	129,321	123,252
Shares used in per share calculation - diluted	133,415	129,988	133,779	123,252

Derivatives and Hedging

9 Months Ended

Mar. 31, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivatives and Hedging

13.	Derivatives and Hedging

Interest Rate Swaps

The Company is exposed to interest rate risk on its debt. The Company enters into interest rate swap contracts to effectively manage the impact of fluctuations of interest rate changes on its outstanding debt which has floating interest rate. The Company does not enter into derivative contracts for trading or speculative purposes.

At the inception date of the derivative contract, the Company performs an assessment of these contracts and has designated these contracts as cash flow hedges. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement without exchange of the underlying notional amount. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, by performing qualitative and quantitative assessment, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flow of hedged items. Changes in the fair value of a derivative that is qualified, designated and highly effective as a cash flow hedge are recorded in other comprehensive income (loss). When it is determined that a derivative is not highly effective as a hedge or that it has ceased to be a highly effective hedge, the Company discontinues hedge accounting prospectively. In accordance with ASC 815 “Derivatives and Hedging,” the Company may prospectively discontinue the hedge accounting for an existing hedge if the applicable criteria are no longer met, the derivative instrument expires, is sold, terminated or exercised or if the Company removes the designation of the respective cash flow hedge. In those circumstances, the net gain or loss remains in accumulated other comprehensive loss and is reclassified into earnings in the same period or periods during which the hedged forecasted transaction affects earnings, unless the forecasted transaction is no longer probable in which case the net gain or loss is reclassified into earnings immediately.

During fiscal 2020, the Company entered into multiple interest rate swap contracts, designated as cash flow hedges, to hedge the variability of cash flows in interest payments associated with the Company’s various tranches of floating-rate debt. As of March 31, 2022 and March 31, 2021, the total notional amount of these interest rate swaps was $200.0 million and had maturity dates through April 2023. As of March 31, 2022 and March 31, 2021, these contracts had unrealized gain of $0.8 million and unrealized loss of $1.3 million, respectively, which are recorded in “Accumulated other comprehensive income (loss)” with the associated asset in “Prepaid expenses and other current assets” and with the associated liability in “Other accrued liabilities”, respectively in the condensed consolidated balance sheets. Cash flows associated with periodic settlements of interest rate swaps are classified as operating activities in the condensed consolidated statement of cash flows. Realized gains and losses are recognized as they accrue in interest expense. Amounts reported in accumulated other comprehensive income (loss) related to these cash flow hedges are reclassified to interest expense over the life of the swap contracts. The Company estimates that $0.8 million will be reclassified to interest income over the next twelve months. The classification and fair value of these cash flow hedges are discussed in Note 6, Fair Value Measurements.

Foreign Exchange Forward Contracts

The Company uses derivative financial instruments to manage exposures to foreign currency that may or may not be designated as hedging instruments. The Company’s objective for holding derivatives is to use the most effective methods to minimize the impact

of these exposures. The Company does not enter into derivatives for speculative or trading purposes. The Company enters into foreign exchange forward contracts primarily to mitigate the effect of gains and losses generated by foreign currency transactions related to certain operating expenses and re-measurement of certain assets and liabilities denominated in foreign currencies.

For foreign exchange forward contracts not designated as hedging instruments, the fair value of the Company’s derivatives in a gain position are recorded in “Prepaid expenses and other current assets” and derivatives in a loss position are recorded in “Other accrued liabilities” in the accompanying condensed consolidated balance sheets. Changes in the fair value of derivatives are recorded in “Other income (expense), net” in the accompanying condensed consolidated statements of operations. As of March 31, 2022 and 2021, foreign exchange forward contracts not designated as hedging instruments had the total notional principal amount of $20.2 million and $26.7 million, respectively. These contracts have maturities of 40 days or less. The net gains and losses recorded in the condensed consolidated statement of operations from these transactions during the three and nine months ended March 31, 2022 were net losses of $0.1 million and $0.4 million, respectively, and during the three and nine months ended March 31, 2021, there were net losses of $0.3 million and net gains of $0.5 million, respectively. Changes in the fair value of these foreign exchange forward contracts are offset largely by remeasurement of the underlying assets and liabilities

For foreign exchange forward contracts designated as hedging instruments, gains and losses arising from these contracts are recorded as a component of accumulated other comprehensive income (loss) on the condensed consolidated balance sheets. The hedging gains and losses in accumulated other comprehensive income (loss) are subsequently reclassified to expenses, as applicable, in the condensed consolidated statements of operations in the same period in which the underlying transactions affect our earnings. As of March 31, 2022, foreign exchange forward contracts designated as hedging instruments had the notional amount of $0.2 million. These contracts have maturities of less than twelve months. As of March 31, 2022, these contracts had unrealized gains of less than $0.1 million which are recorded in accumulated other comprehensive income (loss) with the associated asset in “Prepaid expenses and other current assets” in the accompanying condensed consolidated balance sheets. There were no foreign exchange forward contracts at March 31, 2021 that were designated as hedging instruments.

The Company recognized total foreign currency gains of $0.3 million and $0.6 million for the three months ended March 31, 2022 and 2021, respectively, related to the change in fair value of foreign currency denominated assets and liabilities. The Company recognized total foreign currency gains of $0.6 million and a loss of $1.9 million for the nine months ended March 31, 2022 and 2021, respectively, related to the change in fair value of foreign currency denominated assets and liabilities.

Revenues (Narratives) (Details 1)	9 Months Ended
Revenues (Narratives) (Details 1)	Mar. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Percentage of remaining performance obligations expected to recognize, period	3 months
Percentage of remaining performance obligations expected to recognize	21.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Percentage of remaining performance obligations expected to recognize, period	1 year
Percentage of remaining performance obligations expected to recognize	45.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Percentage of remaining performance obligations expected to recognize, period	1 year
Percentage of remaining performance obligations expected to recognize, description	thereafter
Percentage of remaining performance obligations expected to recognize	34.00%

Balance Sheet Accounts

9 Months Ended

Mar. 31, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Balance Sheet Accounts

5.	Balance Sheet Accounts

Inventories

Inventories consist of the following (in thousands):

	March 31, 2022		June 30, 2021
Finished goods	$	30,737	$	27,901
Raw materials		7,001		4,984
Total inventories	$	37,738	$	32,885

Property and Equipment, Net

Property and equipment, net consist of the following (in thousands):

	March 31, 2022			June 30, 2021
Computers and equipment	$	76,407		$	75,866
Purchased software		44,587			40,037
Office equipment, furniture and fixtures		9,874			10,201
Leasehold improvements		52,972			53,329
Total property and equipment		183,840			179,433
Less: accumulated depreciation and amortization		(134,475	)		(124,429	)
Property and equipment, net	$	49,365		$	55,004

Deferred Revenue

Guarantees and Product Warranties

The following table summarizes the activity related to the Company’s product warranty liability during the three and nine months ended March 31, 2022 and 2021 (in thousands):

	Three Months Ended						Nine Months Ended
	March 31, 2022			March 31, 2021			March 31, 2022			March 31, 2021
Balance beginning of period	$	11,137		$	13,073		$	11,623		$	14,035
Warranties assumed due to acquisition		—			—			41			—
New warranties issued		3,104			2,969			9,636			9,105
Warranty expenditures		(3,665	)		(3,725	)		(10,724	)		(10,823	)
Balance end of period	$	10,576		$	12,317		$	10,576		$	12,317

Concentrations

Information about Segments and Geographic Areas (Narratives) (Details)	9 Months Ended
	Mar. 31, 2022 Segment Geographic_Area
Segment Reporting [Abstract]
Number of operating segments \| Segment	1
Number of geographic regions \| Geographic_Area	3

Stockholders' Equity (Narratives) (Details) - USD ($)				3 Months Ended		9 Months Ended
Stockholders' Equity (Narratives) (Details) - USD ($)	Nov. 04, 2021	Feb. 05, 2020	Nov. 02, 2018	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Class Of Stock [Line Items]
Stock repurchase, authorized amount		$ 100,000,000.0	$ 60,000,000.0
Stock repurchase program, period in force			2 years
Maximum amount of common stock may be repurchased in calendar year		30,000,000.0
Stock repurchase, increase in authorized amount		$ 40,000,000.0
Stock repurchase, extended period		3 years
Stock repurchase, extended period, effective date		Feb. 05, 2020
Total number of shares repurchased				0	0	1,829,333,000	0
Stock repurchased during period, value						$ 25,000,000.0
Stock repurchased average price per share						$ 13.65
Share repurchased outstanding amount				$ 30,000,000.0		$ 30,000,000.0
2013 Equity Incentive Plan
Class Of Stock [Line Items]
Maximum number of shares available for sale under equity incentive plan	7,900,000
2014 Employee Stock Purchase Plan
Class Of Stock [Line Items]
Maximum number of shares available for sale under stock purchase plan	7,500,000

Revenues (Schedule of Customers Accounting for 10% or More of Net Revenues and Accounts Receivable Balance) (Details) - Customer Concentration Risk	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
TD Synnex Corporation \| Revenue
Concentration Risk [Line Items]
Concentration risk (percent)	17.00%	15.00%	20.00%	21.00%
TD Synnex Corporation \| Accounts Receivable
Concentration Risk [Line Items]
Concentration risk (percent)					19.00%
Westcon Group Inc. \| Revenue
Concentration Risk [Line Items]
Concentration risk (percent)	25.00%	19.00%	18.00%	17.00%
Westcon Group Inc. \| Accounts Receivable
Concentration Risk [Line Items]
Concentration risk (percent)			29.00%
Jenne Corporation \| Revenue
Concentration Risk [Line Items]
Concentration risk (percent)	20.00%	16.00%	17.00%	14.00%
Jenne Corporation \| Accounts Receivable
Concentration Risk [Line Items]
Concentration risk (percent)			23.00%		24.00%

Net Income (Loss) Per Share

9 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

16.	Net Income (Loss) Per Share

The following table presents the calculation of net income (loss) per share of basic and diluted (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Net income (loss)	$	12,824	$	3,472	$	38,861	$	(8,390	)
Weighted-average shares used in per share calculation - basic		129,913		124,788		129,321		123,252
Options to purchase common stock		535		549		637		—
Restricted stock units		2,967		4,651		3,821		—
Weighted-average shares used in per share calculation - diluted		133,415		129,988		133,779		123,252

Net income (loss) per share - basic and diluted
Net income (loss) per share - basic	$	0.10	$	0.03	$	0.30	$	(0.07	)
Net income (loss) per share - diluted	$	0.10	$	0.03	$	0.29	$	(0.07	)

The following securities were excluded from the computation of net income (loss) per diluted share of common stock for the periods presented as their effect would have been anti-dilutive (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Options to purchase common stock		—		637		—		1,864
Restricted stock units		118		17		57		8,994
Employee Stock Purchase Plan shares		386		480		127		158
Total shares excluded		504		1,134		184		11,016

Information about Segments and Geographic Areas

9 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Information about Segments and Geographic Areas

12.	Information about Segments and Geographic Areas

The Company operates in one segment, the development and marketing of network infrastructure equipment and related software. The Company conducts business globally and is managed geographically. Revenues are attributed to a geographical area based on the billing address of customers. The Company operates in three geographical areas: Americas, which includes the United States, Canada, Mexico, Central America and South America; EMEA, which includes Europe, Russia, Middle East and Africa; and APAC which includes Asia Pacific, South Asia, India, Australia and Japan. The Company’s chief operating decision maker, who is its CEO, reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance.

See Note 3, Revenues, for the Company’s revenues by geographic regions and channel based on the customer’s billing address.

The Company’s long-lived assets are attributed to the geographic regions as follows (in thousands):

	March 31, 2022		June 30, 2021
Americas	$	131,770	$	151,839
EMEA		32,258		25,940
APAC		13,796		13,560
Total long-lived assets	$	177,824	$	191,339

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Intangible Assets

9 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

7.	Intangible Assets

The following tables summarize the components of gross and net intangible asset balances (dollars in thousands):

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
March 31, 2022
Developed technology	3.3 years	$	170,600	$	142,957	$	27,643
Customer relationships	4.2 years		64,839		56,211		8,628
Backlog	— years		400		400		—
Trade names	0.3 years		10,700		10,620		80
License agreements	4.7 years		2,445		2,107		338
Total intangibles, net		$	248,984	$	212,295	$	36,689

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2021
Developed technology	1.8 years	$	156,100	$	129,861	$	26,239
Customer relationships	4.8 years		63,039		54,204		8,835
Backlog	— years		400		400		—
Trade names	0.7 years		10,700		10,128		572
License agreements	5.4 years		2,445		2,053		392
Total intangibles, net		$	232,684	$	196,646	$	36,038

The amortization expense of intangibles for the periods presented is summarized below (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Amortization of intangibles in “Total cost of revenues”	$	3,639	$	6,449	$	13,074	$	19,797
Amortization of intangibles in "Operations"		638		1,406		2,596		4,704
Total amortization expense	$	4,277	$	7,855	$	15,670	$	24,501

The amortization expense that is recognized in “Total cost of revenues” is comprised of amortization for developed technology, license agreements and other intangibles.

Fair Value Measurements

9 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

6.	Fair Value Measurements

A three-tier fair value hierarchy is utilized to prioritize the inputs used in measuring fair value. The hierarchy gives the highest priority to quoted prices in active markets (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels are defined as follows:

•

Level 1 Inputs - unadjusted quoted prices in active markets for identical assets or liabilities;

•

Level 2 Inputs - quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; and

•

Level 3 Inputs - unobservable inputs reflecting the Company’s own assumptions in measuring the asset or liability at fair value.

The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis at March 31, 2022 and June 30, 2021 (in thousands).

March 31, 2022	Level 1		Level 2		Level 3		Total
Assets
Foreign currency derivatives	$	—	$	119	$	—	$	119
Interest rate swaps		—		832		—		832
Total assets measured at fair value	$	—	$	951	$	—	$	951
Liabilities
Foreign currency derivatives	$	—	$	36	$	—	$	36
Total liabilities measured at fair value	$	—	$	36	$	—	$	36

June 30, 2021	Level 1		Level 2		Level 3		Total
Liabilities
Foreign currency derivatives	$	—	$	560	$	—	$	560
Interest rate swaps		—		1,133		—		1,133
Acquisition-related contingent consideration obligations		—		—		913		913
Total liabilities measured at fair value	$	—	$	1,693	$	913	$	2,606

Level 1 Assets and Liabilities:

The Company’s financial instruments consist of cash, accounts receivable, accounts payable, and accrued liabilities. The Company states accounts receivable, accounts payable and accrued liabilities at their carrying value, which approximates fair value due to the short time to the expected receipt or payment.

Level 2 Assets and Liabilities:

The fair value of derivative instruments under the Company’s foreign exchange forward contracts and interest rate swaps are estimated based on valuations provided by alternative pricing sources supported by observable inputs which is considered Level 2.

As of March 31, 2022 and June 30, 2021, the Company had foreign exchange forward contracts that were not designated as hedging instruments with notional principal amount of $20.2 million and $23.0 million, respectively. These contracts have maturities of 40 days or less. Changes in the fair value of these foreign exchange forward contracts are included in other income (expense), net in the condensed consolidated statement of operations. For the three and nine months ended March 31, 2022, there were net losses of $0.1 million and $0.4 million, respectively. For the three and nine months ended March 31, 2021, there were net losses of $0.3 million and net gains of $0.5 million, respectively. As of March 31, 2022 and June 30, 2021, the Company had foreign exchange forward contracts that were designated as hedging instruments with notional principal amount of $0.2 million and $21.8 million, respectively. These contracts have maturities of less than twelve months. Gains and losses arising from these contracts designated as hedging instruments are recorded as a component of accumulated other comprehensive income (loss). As of March 31, 2022 and June 30, 2021, these contracts had unrealized gain of less than $0.1 million and unrealized loss of $0.2 million, respectively. See Note 13, Derivatives and Hedging, for additional information.

The fair values of the interest rate swaps are based upon inputs corroborated by observable market data which is considered Level 2. As of March 31, 2022 and as of June 30, 2021, the Company had interest rate swap contracts, designated as cash flow hedges, with the total notional amount of $200.0 million. Changes in fair value of these contracts are recorded as a component of accumulated other comprehensive loss. As of March 31, 2022 and as of June 30, 2021, these contracts had an unrealized gain of $0.8 million and unrealized loss of $1.1 million, respectively. See Note 13, Derivatives and Hedging, for additional information.

The fair value of the borrowings under the 2019 Credit Agreement (as defined in Note 8) is estimated based on valuations provided by alternative pricing sources supported by observable inputs which is considered Level 2. Since the interest rate is variable for the 2019 Credit Agreement, the fair value approximates the face amount of the Company’s indebtedness of $315.8 million and $346.7 million as of March 31, 2022, and June 30, 2021, respectively.

Level 3 Assets and Liabilities:

Certain of the Company’s assets, including intangible assets and goodwill are measured at fair value on a non-recurring basis if impairment is indicated.

As of March 31, 2022, the Company did not have any asset or liability that were considered level 3. At June 30, 2021, the Company reflected one liability measured at fair value of $0.9 million for contingent consideration related to a certain acquisition completed in fiscal 2018. The fair value measurement of the contingent consideration obligation was determined using Level 3 inputs. These fair value measurements represent Level 3 measurements as they are based on significant inputs not observable in the market. Changes in the value of the contingent consideration obligations are recorded in general and administrative expenses in the accompanying condensed consolidated statements of operations. The activities related to acquisition-related contingent consideration obligations during the period were not significant.

There were no transfers of assets or liabilities between Level 1, Level 2 and Level 3 during the three and nine months ended March 31, 2022 and 2021. There were no impairments recorded for the three and nine months ended March 31, 2022 and 2021.

The Company determines the basis of the cost of a security sold or the amount reclassified out of accumulated other comprehensive loss into earnings using the specific identification method.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 38,861	$ (8,390)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	15,324	17,801
Amortization of intangible assets	15,670	24,501
Reduction in carrying amount of right-of-use asset	11,641	12,129
Provision for doubtful accounts	(3)	270
Share-based compensation	32,630	27,595
Deferred income taxes	228	741
Non-cash interest expense	3,611	3,195
Other	41	2,770
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(5,068)	(8,101)
Inventories	(4,925)	11,869
Prepaid expenses and other assets	(28,054)	(7,908)
Accounts payable	8,481	7,900
Accrued compensation and benefits	(28,227)	351
Operating lease liabilities	(14,524)	(14,983)
Deferred revenue	16,725	27,233
Other current and long-term liabilities	1,644	(9,477)
Net cash provided by operating activities	64,055	87,496
Cash flows from investing activities:
Capital expenditures	(11,130)	(12,318)
Business acquisition, net of cash acquired	(69,517)
Net cash used in investing activities	(80,647)	(12,318)
Cash flows from financing activities:
Payments on debt obligations	(31,000)	(69,250)
Repurchase of common stock	(24,974)
Payments for tax withholdings, net of proceeds from issuance of common stock	(3,213)	7,167
Payment of contingent consideration obligations	(1,024)	(1,298)
Deferred payments on an acquisition	(3,000)	(3,000)
Net cash used in financing activities	(63,211)	(66,381)
Foreign currency effect on cash	(525)	470
Net (decrease) increase in cash	(80,328)	9,267
Cash at beginning of period	246,894	193,872
Cash at end of period	$ 166,566	$ 203,139

Income Taxes

9 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

15.	Income Taxes

For the three months ended March 31, 2022 and 2021, the Company recorded an income tax provision of $1.9 million and $2.4 million, respectively. For the nine months ended March 31, 2022 and 2021, the Company recorded an income tax provision of $5.7 million and $5.6 million, respectively.

The income tax provisions for the three and nine months ended March 31, 2022 and 2021, consisted of (1) taxes on the income of the Company’s foreign subsidiaries, (2) foreign withholding taxes, (3) state taxes in jurisdictions where the Company has no remaining state net operating losses (“NOLs”) and (4) tax expense associated with the establishment of a U.S. deferred tax liability for amortizable goodwill resulting from the acquisition of Enterasys Networks, Inc., the wireless local area network business from Zebra Technologies Corporation, the Campus Fabric Business from Avaya and the Data Center Business from Brocade. The interim income tax provisions for the three and nine months ended March 31, 2022 and 2021 were calculated using the discrete effective tax rate method as allowed by ASC 740-270-30-18, “Income Taxes – Interim Reporting.” The discrete method is applied when the application of the estimated annual effective tax rate is impractical because it is not possible to reliably estimate the annual effective tax rate. The discrete method treats the year-to-date period as if it was the annual period and determines the income tax expense or benefit on that basis. The Company believes that, at this time, the use of this discrete method is more appropriate than the annual effective tax rate method as (i) the estimated annual effective tax rate method is not reliable due to the high degree of uncertainty in estimating annual pretax earnings on a jurisdictional basis and (ii) the Company’s ongoing assessment that the recoverability of certain U.S. and Irish deferred tax assets is not more likely than not.

The Company has provided a full valuation allowance against all of its U.S. federal and state deferred tax assets as well as a portion of the deferred tax assets in Ireland. A valuation allowance is determined by assessing both negative and positive evidence to determine whether it is “more likely than not” that deferred tax assets are recoverable; such assessment is required on a jurisdiction-by-jurisdiction basis. The Company’s inconsistent earnings in recent periods, including a cumulative loss over the last three years, coupled with its difficulty in forecasting future revenue trends and the cyclical nature of its business represent sufficient negative evidence to require full valuation allowances against its U.S. federal and state net deferred tax assets as well as a portion of the deferred tax assets in Ireland. These valuation allowances will be evaluated periodically and can be reversed partially or in whole if business results and the economic environment have sufficiently improved to support realization of some or all of the Company's deferred tax assets.

On September 14, 2021, the Company completed its acquisition of Ipanema. This acquisition is treated as a non-taxable stock acquisition and, therefore, Extreme will have carryover tax basis in the assets and liabilities acquired. A deferred tax liability has been established for the non-deductible amortization of the associated intangibles under US GAAP.

The Company had $19.1 million of unrecognized tax benefits as of March 31, 2022. If fully recognized in the future, $0.5 million would impact the effective tax rate and $18.6 million would result in adjustments to deferred tax assets and corresponding adjustments to the valuation allowance with no impact to the effective tax rate. The Company does not anticipate any events to occur

during the next twelve months that would materially reduce the unrealized tax benefit as currently stated in the Company’s condensed consolidated balance sheets.

The Company’s policy is to accrue interest and penalties related to the underpayment of income taxes as a component of tax expense in the accompanying condensed consolidated statements of operations.

In general, the Company’s U.S. federal income tax returns are subject to examination by tax authorities for fiscal years 2001 forward due to NOLs and the Company’s state income tax returns are subject to examination for fiscal years 2000 forward due to NOLs. The Company is not currently under audit in any material jurisdictions.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Debt (Components of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Line Of Credit Facility [Line Items]
Less: unamortized debt issuance costs	$ (2,305)	$ (2,404)
Current portion of long-term debt	30,945	23,721
Less: unamortized debt issuance costs	(2,986)	(4,760)
Long-term debt, less current portion	279,514	315,865
Total debt	310,459	339,586
Term Loan
Line Of Credit Facility [Line Items]
Current portion of long-term debt	33,250	26,125
Less: unamortized debt issuance costs	(2,305)	(2,404)
Long-term debt, less current portion	282,500	320,625
Less: unamortized debt issuance costs	$ (2,986)	$ (4,760)

Employee Benefit Plans (Schedule of Fair Value Assumptions for Employee Stock Purchase Plan Awards) (Details) - Employee Stock	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life	6 months	6 months	6 months	6 months
Risk-free interest rate	0.67%	0.05%	0.33%	0.09%
Volatility	45.00%	55.00%	49.00%	95.00%

Employee Benefit Plans (Narratives) (Details) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted			4,182,000
Granted			$ 11.45
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting percentage			The RSU’s granted under the 2013 Plan vest over a period of time, generally one to three years, and are subject to participant's continued service to the Company.
MSU
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Calculation of total shareholder return (TSR), description			Total shareholder return is calculated based on the average closing price for the 30-trading days prior to the beginning and end of the performance periods. Performance is measured based on three periods, with the ability for up to one-third of target shares to vest after years one and two and the ability for up to the maximum of the full award to vest based on the full three-year TSR less any shares vested based on one- and two-year periods.
Granted			$ 12.69	$ 5.32
Volatility			66.00%	69.00%
Risk-free interest rate			0.44%	0.18%
Dividend yield			0.00%	0.00%
Expected life			3 years	3 years
Executive Officers and Directors \| Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted			1,000,000.0
Executive Officer Member \| MSU
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted			700,000	500,000
Shares vested, Maximum			150.00%
2013 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted			0	0
2014 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares issued under stock purchase plan	1,000,000.0	1,500,000	2,000,000.0	2,900,000
Weighted-average grant-date fair value of options issued (in dollars per share)	$ 3.49	$ 2.87	$ 3.32	$ 2.47

Employee Benefit Plans

9 Months Ended

Mar. 31, 2022

Share Based Compensation [Abstract]

Employee Benefit Plans

11.	Employee Benefit Plans

Shares Reserved for Issuance

The Company had the following reserved shares of common stock for future issuance as of the dates noted (in thousands):

	March 31, 2022		June 30, 2021
2013 Equity Incentive Plan shares available for grant		11,173		6,753
Employee stock options and awards outstanding		8,415		10,359
2014 Employee Stock Purchase Plan		9,961		4,414
Total shares reserved for issuance		29,549		21,526

Share-based Compensation Expense

Share-based compensation expense recognized in the condensed consolidated financial statements by line-item caption is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Cost of product revenues	$	291	$	297	$	904	$	869
Cost of service and subscription revenues		343		412		1,056		1,223
Research and development		2,446		2,414		7,568		7,380
Sales and marketing		3,832		3,150		11,267		9,036
General and administrative		3,941		2,925		11,835		9,087
Total share-based compensation expense	$	10,853	$	9,198	$	32,630	$	27,595

Stock Options

The following table summarizes stock option activity for the nine months ended March 31, 2022 (in thousands, except per share and contractual term):

	Number of Shares			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Options outstanding at June 30, 2021		1,645		$	5.44		3.62	$	9,404
Granted		—			—
Exercised		(431	)		2.54
Cancelled		—			—
Options outstanding at March 31, 2022		1,214		$	6.47		3.86	$	6,963
Vested and expected to vest at March 31, 2022		1,214		$	6.47		3.86	$	6,963
Exercisable at March 31, 2022		975		$	6.42		3.73	$	5,647

The fair value of each stock option grant under the 2013 Plan is estimated on the date of grant using the Black-Scholes-Merton option valuation model. The expected term of options granted is derived from historical data on employee exercise and post-vesting employment termination behavior. The risk-free rate is based upon the estimated life of the option and the U.S. Treasury yield curve in effect at the time of grant. Expected volatility is based on the historical volatility on the Company’s stock. There were no stock options granted during the three and nine months ended March 31, 2022 and 2021.

Stock Awards

Stock awards may be granted under the 2013 Plan on terms approved by the Compensation Committee of the Board. Stock awards generally provide for the issuance of restricted stock units (“RSUs”) including performance-condition or market-condition RSUs which vest over a fixed period of time or based upon the satisfaction of certain performance criteria or market conditions. The Company recognizes compensation expense on the awards over the vesting period based on the awards’ fair value as of the date of grant. The Company does not estimate forfeitures, but accounts for them as incurred.

The following table summarizes stock award activity for the nine months ended March 31, 2022 (in thousands, except grant date fair value):

	Number of Shares			Weighted- Average Grant Date Fair Value		Aggregate Fair Value
Non-vested stock awards outstanding at June 30, 2021		8,714		$	5.51
Granted		4,182			11.45
Released		(5,302	)		5.27
Cancelled		(393	)		6.69
Non-vested stock awards outstanding at March 31, 2022		7,201		$	9.07	$	87,928
Stock awards expected to vest at March 31, 2022		7,201		$	9.07	$	87,928

The RSU’s granted under the 2013 Plan vest over a period of time, generally one to three years, and are subject to participant's continued service to the Company. The stock awards granted during the nine months ended March 31, 2022 included 1.0 million RSUs including the market condition awards discussed below to named executive officers and directors.

Market Condition Awards

During the nine months ended March 31, 2022 and 2021, the Compensation Committee of the Board granted 0.7 million and 0.5 million RSUs, respectively, with vesting based on market conditions (“MSU”) to certain of the Company’s executive officers. These MSUs vest based on the Company’s total shareholder return (“TSR”) relative to the TSR of the Russell 2000 Index (“Index”). The MSU award represents the right to receive a target number of shares of common stock of up to 150% of the original grant. The MSUs vest based on the Company’s TSR relative to the TSR of the Index over performance periods of three years from the grant date, subject to the grantees’ continued service through the certification of performance.

Level	Relative TSR	Shares Vested
Below Threshold	TSR is less than the Index by more than 37.5 percentage points	0%
Threshold	TSR is less than the Index by 37.5 percentage points	25%
Target	TSR equals the Index	100%
Maximum	TSR is greater than the Index by 25 percentage points or more	150%

Total shareholder return is calculated based on the average closing price for the 30-trading days prior to the beginning and end of the performance periods. Performance is measured based on three periods, with the ability for up to one-third of target shares to vest after years one and two and the ability for up to the maximum of the full award to vest based on the full three-year TSR less any shares vested based on one- and two-year periods. Linear interpolation is used to determine the number of shares vested for achievement between target levels.

The grant date fair value of each MSU was determined using the Monte Carlo simulation model. The weighted-average grant-date fair value of the MSUs granted during the nine months ended March 31, 2022 was $12.69 per share. The assumptions used in the Monte Carlo simulation included the expected volatility of 66%, risk-free rate of 0.44%, no expected dividend yield, expected term of three years and possible future stock prices over the performance period based on the historical stock and market prices. The Company recognizes the expense related to these MSUs on a graded-vesting method over the estimated term.

The weighted-average grant-date fair value of the MSUs granted during the nine months ended March 31, 2021 was $5.32 per share. The assumptions used in the Monte Carlo simulation included the expected volatility of 69%, risk-free rate of 0.18%, no expected dividend yield, expected term of three years and possible future stock prices over the performance period based on the historical stock and market prices.

Employee Stock Purchase Plan

The fair value of each share purchase option under the ESPP is estimated on the date of grant using the Black-Scholes-Merton option valuation model with the weighted average assumptions noted in the following table. The expected term of the ESPP represents the term of the offering period of each option. The risk-free rate is based upon the estimated life and on the U.S. Treasury yield curve in effect at the time of grant. Expected volatility is based on the historical volatility on the Company’s stock.

There were 1.0 million and 1.5 million shares issued under the ESPP during the three months ended March 31, 2022 and 2021, respectively. There were 2.0 million and 2.9 million shares issued under the ESPP during the nine months ended March 31, 2022 and 2021, respectively. The following assumptions were used to determine the grant-date fair values of the ESPP shares during the following periods:

	Employee Stock Purchase Plan						Employee Stock Purchase Plan
	Three Months Ended						Nine Months Ended
	March 31, 2022			March 31, 2021			March 31, 2022			March 31, 2021
Expected life	0.5 years			0.5 years			0.5 years			0.5 years
Risk-free interest rate		0.67	%		0.05	%		0.33	%		0.09	%
Volatility		45	%		55	%		49	%		95	%
Dividend yield		—	%		—	%		—	%		—	%

The weighted-average grant-date fair value of shares under the ESPP during the three months ended March 31, 2022 and 2021 was $3.49 and $2.87 per share respectively. The weighted-average grant-date fair value of shares under the ESPP during the nine months ended March 31, 2022 and 2021 was $3.32 and $2.47 per share, respectively.

Employee Benefit Plans (Common Stock Reserved for Future Issuance) (Details) - shares shares in Thousands	Mar. 31, 2022	Jun. 30, 2021
Class Of Stock [Line Items]
Shares reserved for issuance	29,549	21,526
2014 Employee Stock Purchase Plan
Class Of Stock [Line Items]
Shares reserved for issuance	9,961	4,414
Employee Stock Options and Awards Outstanding
Class Of Stock [Line Items]
Shares reserved for issuance	8,415	10,359
2013 Equity Incentive Plan Shares Available for Grant
Class Of Stock [Line Items]
Shares reserved for issuance	11,173	6,753

Employee Benefit Plans (Schedule of PSUs Earned and Vested Based on Total Stockholder Return (TSR PSUs)) (Details) - Executive Officer Member - TSR PSU	9 Months Ended
	Mar. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Relative TSR, Below Threshold	TSR is less than the Index by more than 37.5 percentage points
Relative TSR, Threshold	TSR is less than the Index by 37.5 percentage points
Relative TSR, Target	TSR equals the Index
Relative TSR, Maximum	TSR is greater than the Index by 25 percentage points or more
Shares vested, Below Threshold	0.00%
Shares vested, Threshold	25.00%
Shares vested, Target	100.00%
Shares vested, Maximum	150.00%

Net Income (Loss) Per Share (Schedule of Anti-Dilutive Shares Excluded from Earnings Per Share Calculation) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	504	1,134	184	11,016
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS		637		1,864
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	118	17	57	8,994
Employee Stock Purchase Plan shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	386	480	127	158

Net Income (Loss) Per Share (Tables)

9 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the calculation of net income (loss) per share of basic and diluted (in thousands, except per share data):

	Three Months Ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Net income (loss)	$	12,824	$	3,472	$	38,861	$	(8,390	)
Weighted-average shares used in per share calculation - basic		129,913		124,788		129,321		123,252
Options to purchase common stock		535		549		637		—
Restricted stock units		2,967		4,651		3,821		—
Weighted-average shares used in per share calculation - diluted		133,415		129,988		133,779		123,252

Net income (loss) per share - basic and diluted
Net income (loss) per share - basic	$	0.10	$	0.03	$	0.30	$	(0.07	)
Net income (loss) per share - diluted	$	0.10	$	0.03	$	0.29	$	(0.07	)

Schedule of Antidilutive Securities Excluded from Earnings Per Share Calculation

	Three Months Ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Options to purchase common stock		—		637		—		1,864
Restricted stock units		118		17		57		8,994
Employee Stock Purchase Plan shares		386		480		127		158
Total shares excluded		504		1,134		184		11,016

Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value for Financial Assets and Liabilities Measured on Recurring Basis

March 31, 2022	Level 1		Level 2		Level 3		Total
Assets
Foreign currency derivatives	$	—	$	119	$	—	$	119
Interest rate swaps		—		832		—		832
Total assets measured at fair value	$	—	$	951	$	—	$	951
Liabilities
Foreign currency derivatives	$	—	$	36	$	—	$	36
Total liabilities measured at fair value	$	—	$	36	$	—	$	36

June 30, 2021	Level 1		Level 2		Level 3		Total
Liabilities
Foreign currency derivatives	$	—	$	560	$	—	$	560
Interest rate swaps		—		1,133		—		1,133
Acquisition-related contingent consideration obligations		—		—		913		913
Total liabilities measured at fair value	$	—	$	1,693	$	913	$	2,606

Business Combination (Summary of Allocation of Tangible and Identifiable Intangible Assets Acquired and Liabilities Assumed) (Details) - USD ($)
$ in Thousands

Mar. 31, 2022

Dec. 31, 2021

Sep. 14, 2021

Jun. 30, 2021

Business Acquisition [Line Items]

Goodwill

$ 400,144

$ 331,159

Ipanema

Business Acquisition [Line Items]

Cash and cash equivalents

1,364

$ 1,364

Accounts receivable, net

1,434

1,440

Inventories

274

337

Prepaid expenses and other current assets

610

1,841

Property and equipment

Other assets

Accounts payable

(976)

(1,220)

Accrued compensation and benefits

(1,837)

(2,304)

Accrued warranty

(41)

Other accrued liabilities

(122)

(71)

Deferred revenue

(10,134)

(2,758)

Deferred taxes

(4,320)

Other liabilities

(723)

Net tangible liabilities

(14,404)

(2,068)

Identifiable intangible assets

16,300

Goodwill

68,985

56,649

Total intangible assets acquired

85,285

72,949

Total net assets acquired

$ 70,881

Ipanema | Adjustments [Member]

Business Acquisition [Line Items]

Accounts receivable, net

^[1]

$ (6)

Inventories

^[1]

(63)

Prepaid expenses and other current assets

^[1]

(1,231)

Accounts payable

^[1]

244

Accrued compensation and benefits

^[1]

467

Other accrued liabilities

^[1]

(51)

Deferred revenue

^[1],[2]

(7,376)

Deferred taxes

^[3]

(4,320)

Net tangible liabilities

(12,336)

Goodwill

^[1],[2],[3]

12,336

Total intangible assets acquired

$ 12,336

[1]	a) measurement period adjustments attributable to the Company’s review of the additional information being obtained on preacquisition assets and liabilities
[2]	the increase in deferred revenue (and the corresponding increase to Goodwill by the same amount) is the result of the adoption of ASU 2021-08 in the period ended December 31, 2021
[3]	establishment of deferred tax liability

Employee Benefit Plans (Tables)

9 Months Ended

Mar. 31, 2022

Share Based Compensation [Abstract]

Common Stock Reserved for Future Issuance

The Company had the following reserved shares of common stock for future issuance as of the dates noted (in thousands):

	March 31, 2022		June 30, 2021
2013 Equity Incentive Plan shares available for grant		11,173		6,753
Employee stock options and awards outstanding		8,415		10,359
2014 Employee Stock Purchase Plan		9,961		4,414
Total shares reserved for issuance		29,549		21,526

Schedule of Recognized Share-based Compensation Expense

Share-based compensation expense recognized in the condensed consolidated financial statements by line-item caption is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2022		March 31, 2021		March 31, 2022		March 31, 2021
Cost of product revenues	$	291	$	297	$	904	$	869
Cost of service and subscription revenues		343		412		1,056		1,223
Research and development		2,446		2,414		7,568		7,380
Sales and marketing		3,832		3,150		11,267		9,036
General and administrative		3,941		2,925		11,835		9,087
Total share-based compensation expense	$	10,853	$	9,198	$	32,630	$	27,595

Summary of Stock Option Activity

The following table summarizes stock option activity for the nine months ended March 31, 2022 (in thousands, except per share and contractual term):

	Number of Shares			Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Options outstanding at June 30, 2021		1,645		$	5.44		3.62	$	9,404
Granted		—			—
Exercised		(431	)		2.54
Cancelled		—			—
Options outstanding at March 31, 2022		1,214		$	6.47		3.86	$	6,963
Vested and expected to vest at March 31, 2022		1,214		$	6.47		3.86	$	6,963
Exercisable at March 31, 2022		975		$	6.42		3.73	$	5,647

Summary of Stock Award Activity

The following table summarizes stock award activity for the nine months ended March 31, 2022 (in thousands, except grant date fair value):

	Number of Shares			Weighted- Average Grant Date Fair Value		Aggregate Fair Value
Non-vested stock awards outstanding at June 30, 2021		8,714		$	5.51
Granted		4,182			11.45
Released		(5,302	)		5.27
Cancelled		(393	)		6.69
Non-vested stock awards outstanding at March 31, 2022		7,201		$	9.07	$	87,928
Stock awards expected to vest at March 31, 2022		7,201		$	9.07	$	87,928

Schedule of Awards Performance Thresholds and Shares Expected to Vest (TSR PSUs)

The MSU award represents the right to receive a target number of shares of common stock of up to 150% of the original grant. The MSUs vest based on the Company’s TSR relative to the TSR of the Index over performance periods of three years from the grant date, subject to the grantees’ continued service through the certification of performance.

Level	Relative TSR	Shares Vested
Below Threshold	TSR is less than the Index by more than 37.5 percentage points	0%
Threshold	TSR is less than the Index by 37.5 percentage points	25%
Target	TSR equals the Index	100%
Maximum	TSR is greater than the Index by 25 percentage points or more	150%

Schedule of Fair Value Assumptions for Employee Stock Purchase Plan Awards

The following assumptions were used to determine the grant-date fair values of the ESPP shares during the following periods:

	Employee Stock Purchase Plan						Employee Stock Purchase Plan
	Three Months Ended						Nine Months Ended
	March 31, 2022			March 31, 2021			March 31, 2022			March 31, 2021
Expected life	0.5 years			0.5 years			0.5 years			0.5 years
Risk-free interest rate		0.67	%		0.05	%		0.33	%		0.09	%
Volatility		45	%		55	%		49	%		95	%
Dividend yield		—	%		—	%		—	%		—	%

Revenues (Schedule of Revenues Disaggregated by Sales Channel and Geographic Region) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Disaggregation Of Revenue [Line Items]
Net Revenues	$ 285,508	$ 253,400	$ 834,125	$ 731,330
Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	169,176	132,578	461,674	381,920
Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	116,332	120,822	372,451	349,410
United States
Disaggregation Of Revenue [Line Items]
Net Revenues	120,434	117,045	380,983	340,312
United States \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	59,582	54,873	184,215	162,049
United States \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	60,852	62,172	196,768	178,263
Other Americas
Disaggregation Of Revenue [Line Items]
Net Revenues	11,087	12,656	31,073	37,585
Other Americas \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	7,574	8,926	19,238	26,117
Other Americas \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	3,513	3,730	11,835	11,468
Total Americas
Disaggregation Of Revenue [Line Items]
Net Revenues	131,521	129,701	412,056	377,897
Total Americas \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	67,156	63,799	203,453	188,166
Total Americas \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	64,365	65,902	208,603	189,731
EMEA
Disaggregation Of Revenue [Line Items]
Net Revenues	138,824	99,337	363,515	284,264
EMEA \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	101,980	65,210	248,812	182,341
EMEA \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	36,844	34,127	114,703	101,923
APAC
Disaggregation Of Revenue [Line Items]
Net Revenues	15,163	24,362	58,554	69,169
APAC \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	40	3,569	9,409	11,413
APAC \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	$ 15,123	$ 20,793	$ 49,145	$ 57,756

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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+ Details

Summary of Significant Accounting Policies

9 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2.	Summary of Significant Accounting Policies

For a description of significant accounting policies, see Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021. There have been no material changes to the Company’s significant accounting policies since the filing of the Annual Report on Form 10-K.

Recently Adopted Accounting Pronouncements

Recently Issued and Adopted Accounting Pronouncements