0001564590-22-030248 | 10-K | XBRL Viewer

Product Warranties and Guarantees

Long-Lived Assets

(a) Property and Equipment, Net

(b) Leases

See Note 9, Leases, for further discussion.

The remaining lives of intangibles are considered regularly along with assessments of impairment and lives are adjusted or impairment charges taken when required.

Business Combinations

Deferred Revenue

Stock-Based Compensation

Stock-based Compensation

Advertising

Advertising costs are expensed as incurred. Advertising expenses were immaterial in fiscal years 2022, 2021 and 2020.

Income Taxes

Recently Issued and Adopted Accounting Pronouncements

Recently Adopted Accounting Pronouncements

Recently Issued and Adopted Accounting Pronouncements

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. Diluted income (loss) per share is calculated by dividing net income (loss) 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 restricted stock.

Balance Sheet Components (Summary of Accounts Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Receivables Net Current [Abstract]
Accounts receivable	$ 368,778	$ 324,343
Customer rebates	(163,953)	(149,510)
Allowance for credit losses	(695)	(986)	$ (1,212)	$ (1,054)
Allowance for product returns	(20,033)	(17,371)
Accounts receivable, net	$ 184,097	$ 156,476

Business Combinations (Components of Aggregate Purchase Consideration) (Details) - Aerohive Networks, Inc. $ in Thousands	Aug. 09, 2019 USD ($)
Business Acquisition [Line Items]
Cash paid to acquire outstanding shares	$ 263,616
Replacement of stock-based awards	3,530
Aggregate purchase consideration	$ 267,146

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Deferred tax assets:
Net operating loss carry-forwards	$ 51,494	$ 69,126	$ 74,548
Tax credit carry-forwards	70,683	68,003	67,364
Depreciation	2,093	3,113	2,755
Intangible amortization	29,538	35,340	32,642
Deferred revenue	15,928	11,625	7,610
Inventory write-downs	13,121	14,501	13,014
Other allowances and accruals	26,508	28,899	32,318
Stock based compensation	2,746	2,792	3,169
Deferred intercompany gain	3,693	3,693	3,693
Ireland goodwill amortization	5,583	6,303	7,132
Other	244	1,175	888
Total deferred tax assets	221,631	244,570	245,133
Valuation allowance	(209,727)	(230,588)	(232,862)
Total net deferred tax assets	11,904	13,982	12,271
Deferred tax liabilities:
Goodwill amortization	(10,415)	(8,575)	(6,691)
Prepaid commissions	(3,931)	(3,166)	(1,958)
Deferred tax liability on foreign withholdings	(676)	(578)	(551)
Total deferred tax liabilities	(15,022)	(12,319)	(9,200)
Net deferred tax assets		1,663	3,071
Net deferred tax (liability)	(3,118)
Recorded as:
Net non-current deferred tax assets	4,599	5,491	5,405
Net non-current deferred tax liabilities	(7,717)	(3,828)	(2,334)
Net deferred tax assets		$ 1,663	$ 3,071
Net deferred tax (liability)	$ (3,118)

Net Income (Loss) Per Share (Tables)

12 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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

	Year Ended
	June 30, 2022		June 30, 2021		June 30, 2020
Net income (loss)	$	44,271	$	1,936	$	(126,845	)
Weighted-average shares used in per share calculation - basic		129,437		124,019		119,814
Options to purchase common stock		567		542		—
Restricted stock units		3,490		3,047		—
Employee Stock Purchase Plan shares		—		61		—
Weighted-average shares used in per share calculation - diluted		133,494		127,669		119,814

Net income (loss) per share - basic and diluted
Net income (loss) per share - basic	$	0.34	$	0.02	$	(1.06	)
Net income (loss) per share - diluted	$	0.33	$	0.02	$	(1.06	)

Schedule of Antidilutive Securities Excluded from Earnings Per Share Calculation

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):

			Year Ended
	June 30, 2022		June 30, 2021		June 30, 2020
Options to purchase common stock		—		637		3,036
Restricted stock units		99		80		8,103
Employee Stock Purchase Plan shares		400		334		553
Total shares excluded		499		1,051		11,692

Fair Value Measurements (Schedule of Change in Acquisition-related Contingent Consideration Obligations) (Details) - Level 3 Assets and Liabilities - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Business Acquisition Contingent Consideration [Line Items]
Beginning balance	$ 913,000	$ 2,167,000	$ 6,298,000
Payments	(1,024,000)	(1,298,000)	(4,251,000)
Accretion on discount	111,000	44,000	120,000
Ending balance	$ 0	$ 913,000	$ 2,167,000

Leases

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

9. Leases

Lessee Considerations

The Company leases certain facilities, equipment, and vehicles under operating leases that expire on various dates through fiscal 2032. Its leases generally have terms that range from one year to ten years for its facilities, one year to five years for equipment, and one year to five years for vehicles. Some of its leases contain renewal options, escalation clauses, rent concessions, and leasehold improvement incentives.

The Company determines if an arrangement is a lease at inception. The Company has elected not to recognize a lease liability or right-of-use (“ROU”) asset for short-term leases (leases with a term of twelve months or less). Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The interest rate used to determine the present value of future payments is the Company’s incremental borrowing rate at the commencement date because the rate implicit in the leases are not readily determinable. The Company’s incremental borrowing rate is the rate for collateralized borrowings based on the current economic environment, credit history, credit rating, value of leases, currency in which the lease obligation is satisfied, rate sensitivity, lease term and materiality. The biggest drivers having the greatest effect determining the incremental borrowing rate for each one of the Company’s leases are term of the lease and the currency in which the lease obligation is satisfied. Operating lease assets also included a reclassification for previous asset impairments and associated restructuring liabilities, deferred rent, lease incentives and initial direct costs which reduced the operating lease ROU assets as of July 1, 2019.

Some operating leases contain lease and non-lease components. Certain lease contracts include fixed payments for services, such as operations, maintenance, or other services. The Company has elected to account for fixed lease and non-lease components as a single lease component except for the logistic service asset class. Cash payments made for non-lease costs and variable lease costs are not included in the measurement of operating lease assets and liabilities and are recognized in the Company’s consolidated statements of operations as incurred. Some lease terms include one or more options to renew. The Company does not assume renewals in its determination of the lease term unless it is reasonably certain that it will exercise that option. The Company’s lease agreements do not contain any residual value guarantees.

Activity and other information relating to operating leases is as follows (in thousands, except for lease term and discount rate):

	Year Ended
	June 30, 2022		June 30, 2021
Operating lease costs	$	16,852	$	18,840
Variable lease costs		6,921		6,487
Cash paid for amounts included in the measurement of operating liabilities		20,890		22,676
ROU assets obtained for new lease obligations		18,641		2,162

June 30,

2022

June 30,

2021

Weighted average remaining lease term (in years)

4.8

3.7

Weighted Average Discount Rate

4.7

4.5

Short-term lease expense, which represents expense for leases with terms of one year or less, was not material for the years ended June 30, 2022 and 2021.

The maturities of the Company’s operating lease liabilities as of June 30, 2022 by fiscal year are as follows:

	Operating Leases (in thousands)
2023	$	14,460
2024		10,430
2025		7,769
2026		7,521
2027		6,673
Thereafter		6,404
Total future minimum lease payments		53,257
Less amount representing interest		(6,045	)
Total operating lease liabilities	$	47,212
Operating lease liabilities, current	$	13,956
Operating lease liabilities, non-current	$	33,256

Sublease Considerations

The Company currently is a sublessor on several operating facility subleases that expire on various dates through fiscal 2023. The subleases have original terms ranging from two to six years and extend through the term of the underlying leases. The subleases do not include renewal options, purchase options, or termination rights. These operating subleases include only lease components. The Company included $2.7 million and $2.9 million of sublease income in lease expense for the years ended June 30, 2022 and 2021, respectively.

Derivatives and Hedging

12 Months Ended

Jun. 30, 2022

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivatives and Hedging

14. 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 income (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 the fiscal year ended June 30, 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 June 30, 2022 and June 30, 2021, the total notional amount of these interest rate swaps were $75.0 million and $200.0 million, respectively, and had maturity dates through April 2023. As of June 30, 2022 and June 30, 2021, these contracts had unrealized gain of $1.3 million and unrealized loss of $1.1 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 consolidated balance sheets. Cash flows associated with periodic settlements of interest rate swaps are classified as operating activities in the consolidated statements of cash flows. Realized gains and losses are recognized as incurred into interest expense. Amounts reported in accumulated other comprehensive income related to these cash flow hedges will be reclassified to interest income (expense) over the life of the swap contracts. The Company estimates that $1.3 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 to mitigate the effect of gains and losses generated by foreign currency transactions related to certain operating expenses and remeasurement of certain assets and liabilities denominated in foreign currencies.

For foreign exchange forward contracts not designated as hedging instruments, the fair value of the 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 consolidated balance sheets. Changes in the fair value of derivatives are recorded in “Other income (expense), net” in the accompanying consolidated statements of operations. As of June 30, 2022 and 2021 foreign exchange forward currency contracts not designated as hedging instruments had the total notional amount of $9.6 million and, $23.0 million, respectively. These contracts had maturities of less than 40 days. For the years ended June 30, 2022 the net loss recorded in the consolidated statement of operations from these contracts was $1.4 million. For the years ended June 30, 2021 and 2020 the net gains recorded in the consolidated statement of operations from these contracts were $0.5 million and $0.1 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 consolidated balance sheets. The hedging gains and losses in accumulated other comprehensive income are subsequently reclassified to expenses, as applicable, in the consolidated statements of operations in the same period in which the underlying transactions affect the Company’s earnings. As of June 30, 2021, foreign exchange forward contracts designated as hedging instruments had the notional amount of $21.8 million. These contracts have maturities of less than twelve months. As of June 30, 2021 these contracts had unrealized losses of $0.2 million, which are recorded in accumulated other comprehensive income (loss) with the associated liability in other accrued liabilities in the accompanying consolidated balance sheets. There were no outstanding foreign exchange forward contracts that were designated as hedging instruments at June 30, 2022 and June 30, 2020.

Foreign currency transaction gains and losses from operations had a gain of $1.7 million in fiscal year ended June 30, 2022, a loss of $2.2 million in fiscal year ended June 30, 2021 and a gain of $0.6 million in fiscal year ended June 30, 2020.

Goodwill and Intangible Assets

12 Months Ended

Jun. 30, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

The following table reflects the changes in the carrying amount of goodwill (in thousands):

	June 30, 2022		June 30, 2021
Balance at beginning of period		331,159	$	331,159
Additions due to acquisitions (see Note 4)		68,985		—
Balance at end of period	$	400,144	$	331,159

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

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2022
Developed technology	3.3 years	$	170,600	$	146,560	$	24,040
Customer relationships	3.9 years		64,839		56,704		8,135
Trade names	0.1 years		10,700		10,680		20
License agreements	4.4 years		2,445		2,125		320
Total intangibles, net		$	248,584	$	216,069	$	32,515

	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 following table summarizes the amortization expense of intangibles for the periods presented (in thousands):

	Year Ended
	June 30, 2022		June 30, 2021		June 30, 2020
Amortization of intangibles in “Total cost of revenues”	$	16,711	$	26,246	$	26,793
Amortization of intangibles in "Operations"		3,235		6,110		8,425
Total amortization expense	$	19,946	$	32,356	$	35,218

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

The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):

For the fiscal year ending:
2023	$	15,513
2024		5,571
2025		4,757
2026		3,411
2027		1,528
Thereafter		1,735
Total	$	32,515

Commitments and Contingencies (Narratives) (Details)	Jun. 30, 2022 USD ($)
Inventory Purchase Commitments
Commitments And Contingencies [Line Items]
Non-cancelable purchase commitments	$ 60,300,000

Net Income (Loss) Per Share (Schedule of Anti-Dilutive Shares Excluded from Earnings Per Share Calculation) (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	499	1,051	11,692
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS		637	3,036
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	99	80	8,103
Employee Stock Purchase Plan shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	400	334	553

Employee Benefit Plans

12 Months Ended

Jun. 30, 2022

Share Based Compensation [Abstract]

Employee Benefit Plans

12. Employee Benefit Plans

As of June 30, 2022, the Company has the following share-based compensation plans:

2013 Equity Incentive Plan

The 2013 Equity Incentive Plan (the “2013 Plan”) was approved by stockholders on November 20, 2013. The 2013 Plan replaced the 2005 Equity Incentive Plan (the “2005 Plan”). Under the 2013 Plan, the Company may grant stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, and other share-based or cash-based awards to employees and consultants. The 2013 Plan also authorizes the grant of awards of stock options, stock appreciation rights, restricted stock and restricted stock units to non-employee members of the Board of Directors and deferred compensation awards to officers, directors and certain management or highly compensated employees. The 2013 Plan authorized the issuance of 9.0 million shares of the Company’s common stock. In addition, up to 12.7 million shares subject to stock options and awards available for issuance under the 2005 Plan may be transferred to the 2013 Stock Plan and would be added to the number of shares available for future grant under the 2013 Plan. The 2013 Plan includes provisions upon the granting of certain awards defined by the 2013 Plan as Full Value Awards in which the shares available for grant under the 2013 Plan are decremented 1.5 shares for each such award granted. Upon forfeiture or cancellation of unvested awards, the same ratio is applied in returning shares to the 2013 Plan for future issuance as was applied upon granting. During the year ended June 30, 2022 an additional 7.9 million shares were authorized and made available for grant under the 2013 Plan. As of June 30, 2022, total options and awards to acquire 7.6 million shares were outstanding under the 2013 Plan and 11.4 million shares are available for grant under the 2013 Plan. Options granted under this plan have a contractual term of seven years.

Aerohive 2014 Equity Incentive Plan

Pursuant to the acquisition of Aerohive on August 9, 2019, the Company assumed the Aerohive 2014 Equity Incentive Plan (the “Aerohive Plan”). Stock awards outstanding under the Aerohive Plan were converted into awards for Extreme shares as of the Acquisition Date at a predetermined rate pursuant to the Merger Agreement. As of June 30, 2022, total awards to acquire 2,578 shares of Extreme common stock were outstanding under the Aerohive Plan. If a participant terminates employment prior to the vesting dates, the non-vested shares will be forfeited and retired. No future grants may be made from the Aerohive Plan.

Shares Reserved for Issuance

The following are shares reserved for issuance (in thousands):

	June 30, 2022		June 30, 2021
2013 Equity Incentive Plan shares available for grant		11,430		6,753
Employee stock options and awards outstanding		7,616		10,359
2014 Employee Stock Purchase Plan		9,961		4,414
Total shares reserved for issuance		29,007		21,526

Stock Options

The following table summarizes stock option activity under all plans (shares and intrinsic value in thousands):

	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		(458	)		2.54
Cancelled		—			—
Options outstanding at June 30, 2022		1,187		$	6.56		3.70	$	2,801
Vested and expected to vest at June 30, 2022		1,187		$	6.56		3.70	$	2,801
Exercisable at June 30, 2022		988		$	6.53		3.60	$	2,359

The total intrinsic value of options exercised in fiscal years 2022, 2021 and 2020 was $4.9 million, $3.9 million and $0.6 million, respectively.

There were no stock options granted during the fiscal years 2022 and 2021. The weighted average estimated fair value of stock options granted in fiscal year 2020 was $3.52 per share. As of June 30, 2022, there was $0.7 million of total unrecognized compensation cost related to unvested stock options that will be recognized over a weighted-average period of 1.2 years.

Stock Options – Performance Stock Options

During the first quarter of fiscal 2019, the Company granted 851,700 Performance Stock Options (“PSOs”) to certain officers and executive vice presidents that will vest if the Company’s stock price achieves a price hurdle of $10.00 during the three-year performance period from August 29, 2018 through August 31, 2021. The price hurdle will be deemed to have been achieved if, at any time over the performance period, the Company’s stock maintains a price of $10.00 for 30 consecutive days. If the price hurdle is achieved, the PSOs will vest (ratably based upon the time elapsed between August 31, 2018 and the date the hurdle is met) and the remainder will vest quarterly through August 31, 2021. The grant date fair value of these PSOs was $2.62.

During the fourth quarter of fiscal 2021, the price hurdle was achieved and 550,300 PSOs remain outstanding as of June 30, 2022 and 2021.

Stock Awards

Stock awards may be granted under the 2013 Plan on terms approved by the Compensation Committee of the Board of Directors. Stock awards generally provide for the issuance of restricted stock units (“RSUs”), including performance-based or market-based 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 award’s intrinsic value as of the date of grant.

The following table summarizes stock award activity (shares and market value in thousands):

	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		4,448			11.39
Released		(6,235	)		5.38
Cancelled		(498	)		7.22
Non-vested stock awards outstanding at June 30, 2022		6,429		$	9.57	$	57,347
Stock awards expected to vest at June 30, 2022		6,429		$	9.57	$	57,347

The RSUs 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 aggregate fair value, as of the respective grant dates of awards granted during the fiscal years ended 2022, 2021 and 2020 was $50.7 million, $32.9 million and $45.9 million, respectively.

For fiscal years ended 2022, 2021 and 2020, the Company withheld an aggregate of 2.2 million shares, 1.3 million shares, and 1.3 million shares, respectively, upon the vesting of awards, based upon the closing share price on the vesting date as settlement of the employees’ minimum statutory obligation for the applicable income and other employment taxes.

For fiscal years ended 2022, 2021 and 2020, the Company remitted cash of $24.5 million, $9.2 million and $8.0 million, respectively, to the appropriate taxing authorities on behalf of the employees. The payment of the taxes by the Company reduced the number of shares that would have been issued on the vesting date and was recorded as a reduction of additional paid-in capital in the consolidated balance sheets and as a reduction of “Proceeds from issuance of common stock” in the financing activity within the consolidated statements of cash flows.

As of June 30, 2022, there was $42.9 million in unrecognized compensation costs related to non-vested stock awards which includes the performance and market condition awards as discussed below. This cost is expected to be recognized over a weighted-average period of 1.6 years.

Stock Awards – Officers and Directors

RSUs granted during fiscal 2022 and 2021 to named executive officers and directors totaled 1.0 million awards and 1.6 million awards, respectively which included awards with market conditions as discussed below. RSUs granted during fiscal 2020 included 0.6 million RSUs to named executive officers and directors.

Stock Awards - Performance Awards

During fiscal 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 (“MSUs”) to certain of the Company’s named executive officers. These MSUs will 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 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 from August 15, 2020 through August 15, 2023, 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 1 and 2 and the ability for up to the maximum of the full award to vest based on the full 3-year TSR less any shares vested based on 1- and 2- 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 year ended June 30, 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 3 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 year ended June 30, 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 3 years and possible future stock prices over the performance period based on the historical stock and market prices.

Stock Awards - Performance Awards Activity

The following table summarizes stock awards with market or performance-based conditions granted and the number of awards that have satisfied the relevant market or performance criteria in each period (in thousands):

	Fiscal year 2022		Fiscal year 2021		Fiscal year 2020
Performance awards granted		727		475		—
Performance awards earned		158		—		56

2014 Employee Stock Purchase Plan

On August 27, 2014, the Board of Directors approved the adoption of Extreme Network’s 2014 Employee Stock Purchase Plan (the “2014 ESPP”). On November 12, 2014, the stockholders approved the 2014 ESPP with the maximum number of shares of common stock that may be issued under the plan of 12.0 million shares. During the fiscal year ended June 30, 2022, the Board of Directors unanimously approved an amendment to the 2014 ESPP to increase the maximum number of shares that will be available for sale by 7.5 million shares, which was ratified by the stockholders of the Company at the annual meeting of stockholders held on November 4, 2021. The 2014 ESPP replaced the 1999 Employee Stock Purchase Plan. The 2014 ESPP allows eligible employees to acquire shares of the Company’s common stock through periodic payroll deductions of up to 15% of total compensation, subject to the terms of the specific offering periods outstanding. Each purchase period has a maximum duration of six months and the maximum shares issuable for each purchase period is 1.5 million shares. The price at which the common stock may be purchased is 85% of the lesser of the fair market value of the Company’s common stock on the first day of the applicable offering period or on the last day of the respective purchase period.

During the fiscal years ended June 30, 2022 and 2021, there were 2.0 million and 2.9 million shares issued under the 2014 ESPP. As of June 30, 2022, there have been an aggregate 17.0 million shares issued under the 2014 ESPP.

Share-Based Compensation Expense

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

	Year Ended
	June 30, 2022		June 30, 2021		June 30, 2020
Cost of product revenues	$	1,186	$	1,209	$	1,240
Cost of service and subscription revenues		1,421		1,662		1,620
Research and development		9,995		9,969		10,324
Sales and marketing		15,000		12,505		11,914
General and administrative		15,760		13,706		12,265
Total share-based compensation expense	$	43,362	$	39,051	$	37,842

The Company uses the straight-line method for expense attribution, other than for the PSUs and MSUs, which may use the accelerated attribution method. The Company does not estimate forfeitures, but rather recognizes expense for those shares expected to vest and recognizes forfeitures when they occur.

The fair value of each stock option grant under the Company’s 2013 Plan is estimated on the date of grant that uses the Black-Scholes-Merton option valuation model with the weighted average assumptions noted in the following table. 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 is based on the U.S. Treasury yield curve in effect at the time of grant. Expected volatility is based on a blended rate of the implied volatilities from traded options on the Company’s stock and historical volatility on the Company’s stock.

The fair value of each RSU grant with market-based vesting criteria under the 2013 Plan is estimated on the date of grant using the Monte-Carlo simulation model to determine the fair value and the derived service period of stock awards with market conditions, on the date of the grant.

The fair value of each share purchase option under the Company's 2014 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 2014 ESPP shares is the offering period for each purchase. The risk-free rate is based upon the estimated life and is based 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.

The weighted-average estimated per share fair value of shares under the 2014 ESPP in fiscal years 2022, 2021 and 2020, was $3.32, $2.47 and $1.90, respectively.

	Employee Stock Purchase Plan
	Year Ended
	June 30, 2022			June 30, 2021			June 30, 2020
Expected life	0.5 years			0.5 years			0.5 years
Risk-free interest rate		0.33	%		0.09	%		1.71	%
Volatility		49	%		95	%		43	%
Dividend yield		—	%		—	%		—	%

401(k) Plan

The Company provides a tax-qualified employee savings and retirement plan, commonly known as a 401(k) plan (the “Plan”), which covers the Company’s eligible employees. Pursuant to the Plan, employees may elect to reduce their current compensation up to the IRS annual contribution limit of $20,500 for calendar year 2022. Employees aged 50 or over may elect to contribute an additional $6,500. The amount contributed to the Plan is on a pre-tax basis.

The Company provides for discretionary matching contributions as determined by the Board of Directors for each calendar year. All matching contributions vest immediately. In addition, the Plan provides for discretionary contributions as determined by the Board of Directors each year. The program effective during fiscal 2022 was established to match $0.50 for every Dollar contributed by the employee up to the first 6.0% of pay with annual cap of $4,000. The Company’s matching contributions to the Plan totaled $4.6 million, $4.2 million and $3.2 million, for fiscal years ended 2022, 2021 and 2020, respectively. No discretionary contributions were made in fiscal years ended 2022, 2021 and 2020.

Goodwill and Intangible Assets (Schedule Future Amortization for Finite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
For the fiscal year ending:
2023	$ 15,513
2024	5,571
2025	4,757
2026	3,411
2027	1,528
Thereafter	1,735
Net Carrying Amount	$ 32,515	$ 36,038

Debt (Narratives) (Details) - USD ($)			12 Months Ended
Debt (Narratives) (Details) - USD ($)	Aug. 09, 2019	May 01, 2018	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Nov. 03, 2020	May 08, 2020
Line Of Credit Facility [Line Items]
Outstanding letters of credit			$ 14,800,000
Interest Expense
Line Of Credit Facility [Line Items]
Amortization of deferred financing costs			$ 3,000,000.0	$ 3,000,000.0	$ 2,500,000
2018 Credit Agreement \| Term Loan
Line Of Credit Facility [Line Items]
Credit Facility, term		5 years
Amount borrowed under Term Loan		$ 190,000,000
2018 Credit Agreement \| Revolving Facility
Line Of Credit Facility [Line Items]
Credit Facility, term		5 years
Borrowing capacity from Credit Agreement		$ 40,000,000
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			2.90%	2.80%
2019 Credit Agreement \| Second Amendment
Line Of Credit Facility [Line Items]
Amendment start date			May 08, 2020
2019 Credit Agreement \| First Amendment
Line Of Credit Facility [Line Items]
Amendment start date			Apr. 08, 2020
2019 Credit Agreement \| Third Amendment
Line Of Credit Facility [Line Items]
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
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	$ 0
Repayments of Lines of Credit				$ 55,000,000.0
Line of credit facility remaining outstanding balance					55,000,000.0
Borrowing capacity from Credit Agreement			$ 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
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 [Member]
Line Of Credit Facility [Line Items]
Deferred financing cost					$ 1,500,000
Maximum \| 2018 Credit Agreement
Line Of Credit Facility [Line Items]
Additional incremental loan facility		$ 100,000,000
Maximum \| 2019 Credit Agreement
Line Of Credit Facility [Line Items]
Additional incremental loan facility that may be requested	$ 100,000,000
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 (Components of Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Line Of Credit Facility [Line Items]
Less: unamortized debt issuance costs	$ (2,276)	$ (2,404)
Current portion of long-term debt	33,349	23,721
Less: unamortized debt issuance costs	(2,430)	(4,760)
Long-term debt, less current portion	270,570	315,865
Total debt	303,919	339,586
Term Loan
Line Of Credit Facility [Line Items]
Current portion of long-term debt	35,625	26,125
Long-term debt, less current portion	$ 273,000	$ 320,625

Derivatives and Hedging (Narratives) (Details) $ in Millions	12 Months Ended
	Jun. 30, 2022 USD ($) Contract	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($) Contract
Derivative [Line Items]
Foreign currency transactions realized gain (loss)	$ 1.7	$ (2.2)	$ 0.6
Interest Rate Swap
Derivative [Line Items]
Notional principal amount of forward foreign exchange contracts	$ 75.0	$ 200.0
Maturity date	Apr. 30, 2023	Apr. 30, 2023
Unrealized gain (loss) on interest rate cash flow hedges	$ 1.3	$ (1.1)
Estimated interest income over next twelve months	1.3
Forward Foreign Currency Contracts \| Not Designated as Hedging Instrument
Derivative [Line Items]
Notional principal amount of forward foreign exchange contracts	$ 9.6	23.0
Maximum maturities for contracts	40 days
Net loss gains on forward foreign currency contracts	$ (1.4)	0.5	$ 0.1
Forward Foreign Currency Contracts \| Designated as Hedging Instrument
Derivative [Line Items]
Notional principal amount of forward foreign exchange contracts		$ 21.8
Number of derivative financial instruments \| Contract	0		0
Maximum maturities for contracts		12 months
Unrealized gain (loss) on derivatives		$ (0.2)

Debt (Schedule of Debt Maturities Excluding Unamortized Debt Issuance Costs) (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 35,625
2024	38,000
2025	235,000
Total	$ 308,625

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Restructuring, Impairments, and Related Charges (Narratives) (Details) $ in Thousands	12 Months Ended			18 Months Ended	30 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($) Employee	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2019 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities	$ 0	$ 271	$ 2,219	$ 271	$ 0	$ 5,323
Restructuring and related charges	1,748	2,625	22,011
Reduction in force or severance and benefits	12	1,597	14,875
2022 Reduction-in-force
Restructuring Cost and Reserve [Line Items]
Facility Related Charges	$ 1,700
Restructuring and Related Cost, Incurred Cost					$ 9,600
2021 Reduction-in-force
Restructuring Cost and Reserve [Line Items]
Facility Related Charges		1,100
Severance and benefits charges		$ 1,500
Reduction in force or severance and benefits				$ 9,600
2020 Reduction-in-force
Restructuring Cost and Reserve [Line Items]
Facility Related Charges			8,500
Severance and benefits charges			13,500
Reduction in force or severance and benefits			$ 8,100
Number of employee affected \| Employee			320
Additional severance and benefits charges			$ 5,400
Impairment of ROU assets			6,700
Impairment of Long-Lived Assets Held-for-use			900
Other charges related to previously impaired facilities			$ 900

Employee Benefit Plans (Summary of Stock Award Activity) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Number of Shares
Non-vested stock awards outstanding at June 30, 2021 \| shares	8,714
Granted \| shares	4,448
Released \| shares	(6,235)
Cancelled \| shares	(498)
Non-vested stock awards outstanding at June 30, 2022 \| shares	6,429
Stock awards expected to vest at June 30, 2022 \| shares	6,429
Weighted-Average Grant Date Fair Value
Non-vested stock awards outstanding at June 30, 2021 \| $ / shares	$ 5.51
Granted \| $ / shares	11.39
Released \| $ / shares	5.38
Cancelled \| $ / shares	7.22
Non-vested stock awards outstanding at June 30, 2022 \| $ / shares	9.57
Stock awards expected to vest at June 30, 2022 \| $ / shares	$ 9.57
Aggregate Fair Market Value
Non-vested stock awards outstanding at June 30, 2022 \| $	$ 57,347
Stock awards expected to vest at June 30, 2022 \| $	$ 57,347

Business Combinations (Schedule of Identifiable Intangible Assets Acquired as Part of Acquisition) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Ipanema
Acquired Finite Lived Intangible Assets [Line Items]
Amount	$ 16,300
Aerohive Networks, Inc.
Acquired Finite Lived Intangible Assets [Line Items]
Amount		$ 52,500
Developed Technology Rights \| Ipanema
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)	6 years
Amount	$ 14,500
Developed Technology Rights \| Aerohive Networks, Inc.
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)		4 years
Amount		$ 39,100
Customer Relationships \| Ipanema
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)	4 years
Amount	$ 1,800
Customer Relationships \| Aerohive Networks, Inc.
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)		7 years
Amount		$ 11,400
Backlog \| Aerohive Networks, Inc.
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)		1 year
Amount		$ 400
Trade names \| Aerohive Networks, Inc.
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)		1 year
Amount		$ 1,600

Income Taxes (Schedule of Income (Loss) Before Income Tax, Domestic and Foreign) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Domestic	$ (1,204)	$ (4,194)	$ (143,651)
Foreign	53,398	14,379	23,159
Income (loss) before income taxes	$ 52,194	$ 10,185	$ (120,492)

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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Summary of Activity and Other Information Relating to Operating Leases

Fair Value Measurements (Schedule of Fair Value for Financial Assets and Liabilities Measured on Recurring Basis) (Details) - Recurring - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Assets
Interest rate swaps	$ 1,314
Total assets measured at fair value	1,314
Liabilities
Foreign currency derivatives	31	$ 560
Interest rate swaps		1,133
Acquisition-related contingent consideration obligations		913
Total liabilities measured at fair value	31	2,606
Level 2
Assets
Interest rate swaps	1,314
Total assets measured at fair value	1,314
Liabilities
Foreign currency derivatives	31	560
Interest rate swaps		1,133
Total liabilities measured at fair value	$ 31	1,693
Level 3
Liabilities
Acquisition-related contingent consideration obligations		913
Total liabilities measured at fair value		$ 913

Leases (Tables)

12 Months Ended

Jun. 30, 2022

Leases [Abstract]

Activity and other information relating to operating leases is as follows (in thousands, except for lease term and discount rate):

	Year Ended
	June 30, 2022		June 30, 2021
Operating lease costs	$	16,852	$	18,840
Variable lease costs		6,921		6,487
Cash paid for amounts included in the measurement of operating liabilities		20,890		22,676
ROU assets obtained for new lease obligations		18,641		2,162

June 30,

2022

June 30,

2021

Weighted average remaining lease term (in years)

4.8

3.7

Weighted Average Discount Rate

4.7

4.5

Schedule of Maturities of Operating Lease Liabilities

The maturities of the Company’s operating lease liabilities as of June 30, 2022 by fiscal year are as follows:

	Operating Leases (in thousands)
2023	$	14,460
2024		10,430
2025		7,769
2026		7,521
2027		6,673
Thereafter		6,404
Total future minimum lease payments		53,257
Less amount representing interest		(6,045	)
Total operating lease liabilities	$	47,212
Operating lease liabilities, current	$	13,956
Operating lease liabilities, non-current	$	33,256

Commitments and Contingencies

12 Months Ended

Jun. 30, 2022

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

10. 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 June 30, 2022, the Company had non-cancelable commitments to purchase $60.3 million of inventory and other services, which will be received and consumed during fiscal 2023. The Company expects to utilize its non-cancelable purchase commitments in the normal ongoing operations.

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, then the Company would disclose an estimate of the possible loss or range of loss, if such estimate can be made, or disclose that an estimate cannot be made. 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. 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. Accordingly, for current proceedings, except as noted below, the Company is currently unable to estimate any reasonably possible loss or range of possible loss. However, 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.

All currency conversions in this Legal Proceedings section are as of June 30, 2022.

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. patents 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 appealed.

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.

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. 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 cases were filed 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 preliminary opinion that the EP ‘077 patent is likely invalid and a final decision from expected later this year.

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 their 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. The trial date set for February 2023 has been rescheduled to January 2024.

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. The hearing date set for July 14, 2022 has been postponed until November 22, 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.

Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

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

The following table presents the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis (in thousands):

June 30, 2022	Level 1		Level 2		Level 3		Total
Assets
Interest rate swaps	$	—	$	1,314	$	—	$	1,314
Total assets measured at fair value	$	—	$	1,314	$	—	$	1,314
Liabilities
Foreign currency derivatives	$	—	$	31	$	—	$	31
Total liabilities measured at fair value	$	—	$	31	$	—	$	31

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

Schedule of Change in Acquisition-related Contingent Consideration Obligations

The change in the acquisition-related contingent consideration obligations is as follows (in thousands):

				Year Ended
	June 30, 2022			June 30, 2021			June 30, 2020
Beginning balance	$	913		$	2,167		$	6,298
Payments		(1,024	)		(1,298	)		(4,251	)
Accretion on discount		111			44			120
Ending balance	$	—		$	913		$	2,167

Goodwill and Intangible Assets (Summary of Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Roll Forward]
Balance at beginning of period	$ 331,159	$ 331,159
Additions due to acquisitions (see Note 4)	68,985	0
Balance at end of period	$ 400,144	$ 331,159

Balance Sheet Components (Tables)

12 Months Ended

Jun. 30, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Summary of Accounts Receivable

The following is a summary of accounts receivable (in thousands):

	June 30, 2022			June 30, 2021
Accounts receivable	$	368,778		$	324,343
Customer rebates		(163,953	)		(149,510	)
Allowance for credit losses		(695	)		(986	)
Allowance for product returns		(20,033	)		(17,371	)
Accounts receivable, net	$	184,097		$	156,476

Allowance for Credit Losses on Financing Receivables

The following table is a summary of the allowance for credit losses (in thousands):

Description	Balance at beginning of period		Provision for expected credit losses		Deductions (1)			Balance at end of period
Year Ended June 30, 2022:
Allowance for credit losses	$	986	$	39	$	(330	)	$	695
Year Ended June 30, 2021:
Allowance for credit losses	$	1,212	$	409	$	(635	)	$	986
Year Ended June 30, 2020:
Allowance for credit losses	$	1,054	$	1,289	$	(1,131	)	$	1,212

(1)

Uncollectible accounts written off, net of recoveries

The following table is a summary of the Company’s allowance for product returns (in thousands):

Description	Balance at beginning of period		Additions		Deductions			Balance at end of period
Year Ended June 30, 2022:
Allowance for product returns	$	17,371	$	67,407	$	(64,745	)	$	20,033
Year Ended June 30, 2021:
Allowance for product returns	$	27,963	$	67,113	$	(77,705	)	$	17,371
Year Ended June 30, 2020:
Allowance for product returns	$	25,897	$	76,802	$	(74,736	)	$	27,963

Components of Inventories

The following is a summary of the Company’s inventory by category (in thousands):

	June 30, 2022		June 30, 2021
Finished goods	$	40,733	$	27,901
Raw materials		8,498		4,984
Total inventories	$	49,231	$	32,885

Components of Property and Equipment

Property and Equipment, Net

The following is a summary of the Company’s property and equipment by category (in thousands):

	June 30, 2022			June 30, 2021
Computers and equipment	$	75,387		$	75,866
Purchased software		47,161			40,037
Office equipment, furniture and fixtures		9,463			10,201
Leasehold improvements		52,564			53,329
Total property and equipment		184,575			179,433
Less: accumulated depreciation and amortization		(134,997	)		(124,429	)
Property and equipment, net	$	49,578		$	55,004

Summary of Contract Liabilities Shown as Deferred Revenue

The following table summarizes contract liabilities which are shown as deferred revenue (in thousands):

	June 30, 2022		June 30, 2021
Deferred maintenance, support, and SaaS	$	393,289	$	328,797
Other deferred revenue		8,330		16,787
Total deferred revenue		401,619		345,584
Less: current portion		238,262		212,412
Non-current deferred revenue	$	163,357	$	133,172

Summary of Product Warranty Liability Activity

The following table summarizes the activity related to the Company’s product warranty liability during the following periods (in thousands):

	Year Ended
	June 30, 2022			June 30, 2021			June 30, 2020
Balance beginning of period	$	11,623		$	14,035		$	14,779
Warranties assumed due to acquisition		41			—			570
New warranties issued		13,314			11,760			19,686
Warranty expenditures		(14,126	)		(14,172	)		(21,000	)
Balance end of period	$	10,852		$	11,623		$	14,035

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
Document and Entity Information - USD ($) $ in Billions	Jun. 30, 2022	Aug. 18, 2022	Dec. 31, 2021
Cover [Abstract]
Entity Registrant Name	EXTREME NETWORKS, INC.
Entity Central Index Key	0001078271
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Document Type	10-K
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Title of 12(b) Security	Common Stock, par value $0.001 per share
Security Exchange Name	NASDAQ
Trading Symbol	EXTR
Amendment Flag	false
Entity Common Stock, Shares Outstanding		131,158,595
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Public Float			$ 1.4
Entity Address, State or Province	NC
Entity File Number	000-25711
Entity Tax Identification Number	77-0430270
Entity Address, Address Line One	2121 RDU Center Drive, Suite 300
Entity Address, City or Town	Morrisville
Entity Incorporation, State or Country Code	DE
Entity Address, Postal Zip Code	27560
City Area Code	408
Local Phone Number	579-2800
Document Annual Report	true
Document Transition Report	false
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Portions of the registrant's definitive proxy statement for the year ended June 30, 2022 Annual Meeting of Stockholders to be filed with the Commission pursuant to Regulation 14A not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K are incorporated herein by reference in Part III of this Annual Report on Form 10-K.
Auditor Name	Grant Thornton LLP
Auditor Firm ID	248
Auditor Location	San Francisco, California

Balance Sheet Components

12 Months Ended

Jun. 30, 2022

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Balance Sheet Components

5. Balance Sheet Components

Accounts Receivable

The following is a summary of accounts receivable (in thousands):

	June 30, 2022			June 30, 2021
Accounts receivable	$	368,778		$	324,343
Customer rebates		(163,953	)		(149,510	)
Allowance for credit losses		(695	)		(986	)
Allowance for product returns		(20,033	)		(17,371	)
Accounts receivable, net	$	184,097		$	156,476

The following table is a summary of the allowance for credit losses (in thousands):

Description	Balance at beginning of period		Provision for expected credit losses		Deductions (1)			Balance at end of period
Year Ended June 30, 2022:
Allowance for credit losses	$	986	$	39	$	(330	)	$	695
Year Ended June 30, 2021:
Allowance for credit losses	$	1,212	$	409	$	(635	)	$	986
Year Ended June 30, 2020:
Allowance for credit losses	$	1,054	$	1,289	$	(1,131	)	$	1,212

(1)

Uncollectible accounts written off, net of recoveries

The following table is a summary of the Company’s allowance for product returns (in thousands):

Description	Balance at beginning of period		Additions		Deductions			Balance at end of period
Year Ended June 30, 2022:
Allowance for product returns	$	17,371	$	67,407	$	(64,745	)	$	20,033
Year Ended June 30, 2021:
Allowance for product returns	$	27,963	$	67,113	$	(77,705	)	$	17,371
Year Ended June 30, 2020:
Allowance for product returns	$	25,897	$	76,802	$	(74,736	)	$	27,963

Inventories

The following is a summary of the Company’s inventory by category (in thousands):

	June 30, 2022		June 30, 2021
Finished goods	$	40,733	$	27,901
Raw materials		8,498		4,984
Total inventories	$	49,231	$	32,885

Property and Equipment, Net

The following is a summary of the Company’s property and equipment by category (in thousands):

	June 30, 2022			June 30, 2021
Computers and equipment	$	75,387		$	75,866
Purchased software		47,161			40,037
Office equipment, furniture and fixtures		9,463			10,201
Leasehold improvements		52,564			53,329
Total property and equipment		184,575			179,433
Less: accumulated depreciation and amortization		(134,997	)		(124,429	)
Property and equipment, net	$	49,578		$	55,004

The Company recognized depreciation expense of $19.8 million, $23.0 million, and $28.6 million related to property and equipment during the years ended June 30, 2022, 2021 and 2020, respectively.

Deferred Revenue

The following table summarizes contract liabilities which are shown as deferred revenue (in thousands):

	June 30, 2022		June 30, 2021
Deferred maintenance, support, and SaaS	$	393,289	$	328,797
Other deferred revenue		8,330		16,787
Total deferred revenue		401,619		345,584
Less: current portion		238,262		212,412
Non-current deferred revenue	$	163,357	$	133,172

Accrued Warranty

The following table summarizes the activity related to the Company’s product warranty liability during the following periods (in thousands):

	Year Ended
	June 30, 2022			June 30, 2021			June 30, 2020
Balance beginning of period	$	11,623		$	14,035		$	14,779
Warranties assumed due to acquisition		41			—			570
New warranties issued		13,314			11,760			19,686
Warranty expenditures		(14,126	)		(14,172	)		(21,000	)
Balance end of period	$	10,852		$	11,623		$	14,035

Revenues (Narratives) (Details 1)	12 Months Ended
Revenues (Narratives) (Details 1)	Jun. 30, 2022
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	59.00%
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	21.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-07-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Percentage of remaining performance obligations expected to recognize, period	0 years
Percentage of remaining performance obligations expected to recognize, description	thereafter
Percentage of remaining performance obligations expected to recognize	20.00%

Balance Sheet Components (Allowance for Product Returns) (Details) - Allowance for Product Returns [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period	$ 17,371	$ 27,963	$ 25,897
Additions	67,407	67,113	76,802
Deductions	(64,745)	(77,705)	(74,736)
Balance at end of period	$ 20,033	$ 17,371	$ 27,963

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 44,271	$ 1,936	$ (126,845)
Derivatives designated as hedging instruments:
Change in unrealized gains and losses on interest rate swaps	1,652	(222)	(1,769)
Reclassification adjustment related to interest rate swaps	796	858
Change in unrealized gains and losses on foreign currency forward contracts	205	(205)
Net change from derivatives designated as hedging instruments	2,653	431	(1,769)
Net change in foreign currency translation adjustments	(2,897)	3,136	(2,136)
Other comprehensive income (loss)	(244)	3,567	(3,905)
Total comprehensive income (loss)	$ 44,027	$ 5,503	$ (130,750)

Debt

12 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Debt

8. Debt

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

	June 30, 2022			June 30, 2021
Current portion of long-term debt:
Term Loan	$	35,625		$	26,125
Less: unamortized debt issuance costs		(2,276	)		(2,404	)
Current portion of long-term debt	$	33,349		$	23,721

Long-term debt, less current portion:
Term Loan	$	273,000		$	320,625
Less: unamortized debt issuance costs		(2,430	)		(4,760	)
Total long-term debt, less current portion		270,570			315,865
Total debt	$	303,919		$	339,586

On May 1, 2018, the Company entered into a Credit Agreement (the “2018 Credit Agreement”), by and among the Company, as borrower, BMO Harris Bank N.A., as an issuing lender and swingline lender, Bank of Montreal, as an administrative and collateral agent, and the financial institutions or entities that are a party thereto as lenders. The 2018 Credit Agreement provided for (i) a $40 million five-year revolving credit facility (the “2018 Revolving Facility”), (ii) a $190 million five-year term loan (the “2018 Term Loan”) and, (iii) an uncommitted additional incremental loan facility in the principal amount of up to $100 million (“2018 Incremental Facility”).

In connection with the Aerohive Acquisition as discussed in Note 4, on August 9, 2019, the Company entered into the 2019 Credit Agreement.

The 2019 Credit Agreement, which replaced the 2018 Credit Agreement, provides for a 5-year first lien term loan facility in an aggregate principal amount of $380 million and a 5-year revolving loan facility in an aggregate principal amount of $75 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 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 Aerohive 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 4.5% 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 is 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 its Form 10-Q for the quarterly 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 4.5% during the Suspension Period to 2.75%, and the unused facility commitment fee decreasing from 0.4% 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 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 June 30, 2022 was 2.9% and as of June 30, 2021 was 2.8%.

Amortization of deferred financing costs is included in “Interest expense” in the accompanying consolidated statements of operations, totaled $3.0 million, $3.0 million and $2.5 million in fiscal years ended 2022, 2021 and 2020, respectively.

During the fiscal year ended June 30, 2021, the Company repaid $55.0 million against its 2019 Revolving Facility that was outstanding as of June 30, 2020 and had no outstanding balance as of June 30, 2022 and 2021. The Company has $60.2 million availability under the 2019 Revolving Facility as of June 30, 2022. During the fiscal year ended June 30, 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 June 30, 2022.

The Company’s debt principal repayment schedule by period is as follows, excluding unamortized debt issuance costs (in thousands):

For the fiscal year ending:
2023	$	35,625
2024		38,000
2025		235,000
Total	$	308,625

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.

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Income Taxes (Narratives) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Operating Loss Carryforwards [Line Items]
Change in valuation allowance for fiscal year	$ (20,900)	$ (2,200)
Federal tax net operating loss carry-forwards	184,500
State tax net operating loss carry-forwards	162,800
Tax credit carry-forwards	70,683	68,003	$ 67,364
Amount of cumulative undistributed earnings to be reinvested indefinitely of non-U.S. subsidiaries	33,100
Deferred tax liability related to withholding taxes of certain foreign subsidiaries	676	578	551
Unrecorded deferred tax liability for potential withholding tax of unrecognized foreign earnings	6,200
Additions resulting from the acquisition of Aerohive	75,000
Unrecognized tax benefits	18,367	19,064	23,897	$ 17,168
Unrecognized tax benefits that would affect the effective tax rate if recognized	300
Unrecognized tax benefit future impact if recognized	18,100
Estimated interest and penalties related to underpayment of income taxes, less than	$ 100	$ 100	$ 100
Aerohive Networks, Inc.
Operating Loss Carryforwards [Line Items]
Amortization period of intangible assets and goodwill resulting from acquisition	10 years
IRELAND
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 8,900
AUSTRALIA
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	6,900
BRAZIL
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	15,200
Foreign
Operating Loss Carryforwards [Line Items]
Tax credit carry-forwards	8,700
State
Operating Loss Carryforwards [Line Items]
Tax credit carry-forwards	33,700
State \| Subject To Expiration In FY2023
Operating Loss Carryforwards [Line Items]
Tax credit carry-forwards	900
State \| Not Subject To Expiration
Operating Loss Carryforwards [Line Items]
Tax credit carry-forwards	32,800
Federal
Operating Loss Carryforwards [Line Items]
Deferred tax assets operating loss carryforwards subject to expiration	87,400
Deferred tax assets operating loss carryforwards not subject to expiration	97,100
Tax credit carry-forwards	44,000
Federal \| Subject To Expiration In FY2023
Operating Loss Carryforwards [Line Items]
Tax credit carry-forwards	$ 35,300

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ 44,271	$ 1,936	$ (126,845)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	20,215	22,961	28,603
Amortization of intangible assets	19,946	32,356	35,218
Reduction in carrying amount of right-of-use asset	14,929	16,134	16,420
Provision for doubtful accounts	29	409	1,289
Share-based compensation	43,362	39,051	37,842
Deferred income taxes	682	1,785	1,760
Non-cash restructuring and impairment charges			7,622
Non-cash interest expense	4,443	5,055	4,196
Other	423	3,989	(349)
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(26,231)	(34,158)	62,151
Inventories	(16,722)	22,729	19,951
Prepaid expenses and other assets	(4,469)	(18,979)	781
Accounts payable	23,810	10,810	(26,080)
Accrued compensation and benefits	(20,709)	20,088	(8,080)
Operating lease liabilities	(18,949)	(19,986)	(17,345)
Deferred revenue	44,635	54,398	19,530
Other current and long-term liabilities	(1,488)	(14,043)	(20,780)
Net cash provided by operating activities	128,177	144,535	35,884
Cash flows from investing activities:
Capital expenditures	(15,433)	(17,176)	(15,268)
Business acquisition, net of cash acquired	(69,517)		(219,458)
Maturities and sales of investments			45,249
Net cash used in investing activities	(84,950)	(17,176)	(189,477)
Cash flows from financing activities:
Borrowings under Revolving Facility			55,000
Borrowings under Term Loan			199,500
Payments on debt obligations	(38,125)	(74,000)	(34,517)
Loan fees on borrowings			(12,029)
Repurchase of common stock	(44,973)		(30,000)
Payments for tax withholdings, net of proceeds from issuance of common stock	(6,541)	4,516	8,789
Payment of contingent consideration obligations	(1,024)	(1,298)	(4,251)
Deferred payments on an acquisition	(4,000)	(4,000)	(4,000)
Net cash (used in) provided by financing activities	(94,663)	(74,782)	178,492
Foreign currency effect on cash	(936)	445	(634)
Net (decrease) increase in cash	(52,372)	53,022	24,265
Cash at beginning of period	246,894	193,872	169,607
Cash at end of period	194,522	246,894	193,872
Supplemental disclosure of cash flow information:
Cash paid for interest	9,272	18,741	20,411
Cash paid for taxes, net	7,776	4,488	5,309
Non-cash investing activities:
Unpaid capital expenditures	$ 1,756	$ 3,004	$ 1,860

Stockholders' Equity

12 Months Ended

Jun. 30, 2022

Equity [Abstract]

Stockholders' Equity

11. Stockholders’ Equity

Preferred Stock

In April 2001, in connection with entering into the Company’s Rights Agreement, the Company authorized the issuance of preferred stock. The preferred stock may be issued from time to time in one or more series. The Board of Directors (the “Board”) is authorized to provide for the rights, preferences and privileges of the shares of each series and any qualifications, limitations or restrictions on these shares. As of June 30, 2022, no shares of preferred stock were outstanding.

Stockholders’ Rights Agreement

On April 26, 2012, the Company entered into the “Restated Rights Plan,” which governed the terms of each right (“Right”) that had been issued with respect to each share of common stock of Extreme Networks. Each Right initially represented the right to purchase one one-thousandth of a share of the Company’s Preferred Stock. From 2013 through 2020, the Board and stockholders approved amendments providing for one-year extensions of the term of the Restated Rights Plan.

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 Restated Rights Agreement between the Company and Computershare Shareholder Services LLC, as the rights agent. 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 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. The 2021 Tax Benefit Preservation Plan was approved for a period of three years by stockholders of the Company at the annual meeting of stockholders on November 4, 2021.

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 the 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 ratified by a majority of 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 that 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 may be repurchased in any calendar year. In May 2022, the Board authorized an increase to the share repurchase authorization to $200.0 million over a three-year period commencing July 1, 2022. A maximum of $25.0 million may be repurchased in any quarter. This authorization replaces the previous authorization effective July 1, 2022.

In fiscal year 2022, the Company repurchased a total of 3.9 million shares of its common stock on the open market at a total cost of $45.0 million with an average price of $11.59 per share. There were no shares repurchased during the year ended June 30, 2021.

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.

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Revenue From Contract With Customer [Abstract]

Information about Segments of Geographic Areas (Narratives) (Details)	12 Months Ended
	Jun. 30, 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 ($)				1 Months Ended	12 Months Ended
Stockholders' Equity (Narratives) (Details) - USD ($)	Nov. 04, 2021	Feb. 05, 2020	Nov. 02, 2018	May 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Class Of Stock [Line Items]
Preferred stock shares outstanding					0
Stock repurchase, authorized amount		$ 100,000,000.0	$ 60,000,000.0	$ 200,000,000.0
Payment for initial delivery of shares					$ 44,973,000		$ 30,000,000
Stock repurchase program, period in force			2 years
Stock repurchased during period, value					$ 45,000,000.0
Total number of shares repurchased					3,900,000	0
Stock repurchase, increase in authorized amount		40,000,000.0
Maximum amount of common stock may be repurchased in calendar year		$ 30,000,000.0		$ 25,000,000.0
Stock repurchase, extended period		3 years		3 years
Stock repurchase, extended period, effective date		Feb. 05, 2020		Jul. 01, 2022
Stock repurchased average price per share					$ 11.59
2013 Equity Incentive Plan
Class Of Stock [Line Items]
Maximum number of shares available for sale under equity incentive plan	7,900,000				7,900,000
2014 Employee Stock Purchase Plan
Class Of Stock [Line Items]
Maximum number of shares available for sale under equity incentive plan	7,500,000

Employee Benefit Plans (Summary of Stock Option Activity) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Number of Shares
Options outstanding at June 30, 2021	1,645
Options granted	0
Exercised	(458)
Cancelled	0
Options outstanding at June 30, 2022	1,187	1,645
Vested and expected to vest at June 30, 2022	1,187
Exercisable at June 30, 2022	988
Weighted-Average Exercise Price Per Share
Options outstanding at June 30, 2021	$ 5.44
Granted	0
Exercised	2.54
Cancelled	0
Options outstanding at June 30, 2022	6.56	$ 5.44
Vested and expected to vest at June 30, 2022	6.56
Exercisable at June 30, 2022	$ 6.53
Weighted-Average Remaining Contractual Term
Options outstanding	3 years 8 months 12 days	3 years 7 months 13 days
Vested and expected to vest at June 30, 2022	3 years 8 months 12 days
Exercisable at June 30, 2022	3 years 7 months 6 days
Aggregate Intrinsic Value
Options outstanding	$ 2,801	$ 9,404
Vested and expected to vest at June 30, 2022	2,801
Exercisable at June 30, 2022	$ 2,359

Employee Benefit Plans (Summary of Stock Awards with Market or Performance Based Conditions Granted) (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance awards granted	4,448
Performance or Market-based Restricted Stock Units ("PSU")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance awards granted	727	475
Performance awards earned	158		56

Revenues

12 Months Ended

Jun. 30, 2022

Revenues

3. Revenues

Revenue Recognition

Revenue recognized for the years ended June 30, 2022 and 2021, that was included in the deferred revenue balance at the beginning of each period was $208.4 million and $188.4 million, respectively.

	Year Ended June 30, 2022
Net Revenues	Distributor		Direct		Total
Americas:
United States	$	237,163	$	266,472	$	503,635
Other		27,018		17,590		44,608
Total Americas		264,181		284,062		548,243
EMEA		325,290		151,791		477,081
APAC		17,517		69,480		86,997
Total net revenues	$	606,988	$	505,333	$	1,112,321

	Year Ended June 30, 2021
Net Revenues	Distributor		Direct		Total
Americas:
United States	$	244,851	$	240,620	$	485,471
Other		31,583		16,466		48,049
Total Americas		276,434		257,086		533,520
EMEA		250,897		136,648		387,545
APAC		14,280		74,073		88,353
Total net revenues	$	541,611	$	467,807	$	1,009,418

	Year Ended June 30, 2020
Net Revenues	Distributor		Direct		Total
Americas:
United States	$	218,276	$	241,493	$	459,769
Other		19,530		20,103		39,633
Total Americas		237,806		261,596		499,402
EMEA		218,947		138,254		357,201
APAC		21,554		69,862		91,416
Total net revenues	$	478,307	$	469,712	$	948,019

Concentrations

The Company may be subject to concentration of credit risk as a result of certain financial instruments consisting of accounts receivable. The Company performs ongoing credit evaluations of its customers and generally does not require collateral in exchange for credit.

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

		Year Ended
	June 30, 2022	June 30, 2021	June 30, 2020
TD Synnex Corporation	20%	19%	18%
Westcon Group Inc.	18%	16%	13%
Jenne Inc.	16%	18%	15%

The following table sets forth major customers accounting for 10% or more of the Company’s accounts receivable, net as of June 30, 2022 and June 30, 2021:

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.

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Net Income (Loss) Per Share

Business Combinations (Summary of Unaudited Pro Forma Financial Information) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition Pro Forma Information [Abstract]
Net revenues	$ 1,115,942	$ 1,031,825
Net income (loss)	$ 53,659	$ (6,755)
Net income (loss) per share - basic	$ 0.41	$ (0.05)
Net income (loss) per share - diluted	$ 0.40	$ (0.05)
Shares used in per share calculation - basic	129,437	124,019
Shares used in per share calculation - diluted	133,494	124,019

Goodwill and Intangible Assets (Summary of Amortization Expense of Intangibles) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangibles in “Total cost of revenues”	$ 16,711	$ 26,246	$ 26,793
Type Of Cost Good Or Service Extensible List	Product	Product	Product
Amortization of intangibles in "Operations"	$ 3,235	$ 6,110	$ 8,425
Total amortization expense	$ 19,946	$ 32,356	$ 35,218

Balance Sheet Components (Narratives) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Balance Sheet Related Disclosures [Abstract]
Depreciation expense recognized related to property and equipment	$ 19.8	$ 23.0	$ 28.6

Net Income (Loss) Per Share

12 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

17. Net Income (Loss) Per Share

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

	Year Ended
	June 30, 2022		June 30, 2021		June 30, 2020
Net income (loss)	$	44,271	$	1,936	$	(126,845	)
Weighted-average shares used in per share calculation - basic		129,437		124,019		119,814
Options to purchase common stock		567		542		—
Restricted stock units		3,490		3,047		—
Employee Stock Purchase Plan shares		—		61		—
Weighted-average shares used in per share calculation - diluted		133,494		127,669		119,814

Net income (loss) per share - basic and diluted
Net income (loss) per share - basic	$	0.34	$	0.02	$	(1.06	)
Net income (loss) per share - diluted	$	0.33	$	0.02	$	(1.06	)

Potentially dilutive common shares from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the ESPP. Weighted stock options outstanding with an exercise price higher than the Company's average stock price for the periods presented are excluded from the calculation of diluted net loss per share since the effect of including them would have been anti-dilutive due to the net loss position of the Company during the periods presented.

			Year Ended
	June 30, 2022		June 30, 2021		June 30, 2020
Options to purchase common stock		—		637		3,036
Restricted stock units		99		80		8,103
Employee Stock Purchase Plan shares		400		334		553
Total shares excluded		499		1,051		11,692

Leases (Schedule of Maturities of Operating Lease Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Operating Leases
2023	$ 14,460
2024	10,430
2025	7,769
2026	7,521
2027	6,673
Thereafter	6,404
Total future minimum lease payments	53,257
Less amount representing interest	(6,045)
Total operating lease liabilities	47,212
Operating lease liabilities, current	13,956	$ 18,743
Operating lease liabilities, non-current	$ 33,256	$ 32,515

Revenues (Narratives) (Details) $ in Millions	12 Months Ended
Revenues (Narratives) (Details) $ in Millions	Jun. 30, 2022 USD ($) Distribution_Channels	Jun. 30, 2021 USD ($)	Jun. 30, 2020 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 the other observable inputs.
Remaining revenue performance obligations	$ 401.6
Revenue recognized for deferred revenue balance	$ 208.4	$ 188.4
Geographic Concentration Risk \| Revenue \| NETHERLANDS
Disaggregation Of Revenue [Line Items]
Concentration risk (percent)	12.00%	11.00%
Commission Fees
Disaggregation Of Revenue [Line Items]
Revenue, practical expedient, incremental cost of obtaining contract [true false]	true
Contract costs capitalized, balances amount	$ 16.3	$ 13.1
Contract costs capitalized, amortization period	3 years
Contract costs capitalized, amortization method	straight-line basis
Contract costs capitalized, amortization expense	$ 7.5	$ 5.6	$ 5.2
Minimum
Disaggregation Of Revenue [Line Items]
Contractual service period	1 year
Maximum
Disaggregation Of Revenue [Line Items]
Contractual service period	5 years
Maximum \| Geographic Concentration Risk \| Revenue \| Other Foreign Country
Disaggregation Of Revenue [Line Items]
Concentration risk (percent)	10.00%	10.00%	10.00%

Balance Sheet Components (Summary of Product Warranty Liability Activity) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance beginning of period	$ 11,623	$ 14,035	$ 14,779
Warranties assumed due to acquisition	41		570
New warranties issued	13,314	11,760	19,686
Warranty expenditures	(14,126)	(14,172)	(21,000)
Balance end of period	$ 10,852	$ 11,623	$ 14,035

Restructuring, Impairments, and Related Charges (Tables)

12 Months Ended

Jun. 30, 2022

Restructuring And Related Activities [Abstract]

Restructuring Liabilities

Restructuring liabilities consist of (in thousands):

	Excess Facilities			Severance and Other			Total
Balance as of June 30, 2019	$	1,764		$	3,559		$	5,323
Period charges		—			14,875			14,875
Period reversals		—			(1,369	)		(1,369	)
Reclassification to reduce operating lease assets		(1,764	)		—			(1,764	)
Period payments		—			(14,846	)		(14,846	)
Balance at June 30, 2020	$	—		$	2,219		$	2,219
Period charges		—			1,597			1,597
Period reversals		—			(128	)		(128	)
Period payments		—			(3,417	)		(3,417	)
Balance at June 30, 2021	$	—		$	271		$	271
Period charges		—			12			12
Period reversals		—			(41	)		(41	)
Period payments		—			(242	)		(242	)
Balance at June 30, 2022	$	—		$	—		$	—

Fair Value Measurements

12 Months Ended

Jun. 30, 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 (in thousands):

June 30, 2022	Level 1		Level 2		Level 3		Total
Assets
Interest rate swaps	$	—	$	1,314	$	—	$	1,314
Total assets measured at fair value	$	—	$	1,314	$	—	$	1,314
Liabilities
Foreign currency derivatives	$	—	$	31	$	—	$	31
Total liabilities measured at fair value	$	—	$	31	$	—	$	31

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 June 30, 2022 and 2021, foreign exchange forward currency contracts not designated as hedging instruments had a notional amount of $9.6 million and $23.0 million, respectively. These contracts have maturities of less than 40 days. Changes in the fair value of these foreign exchange forward contracts not designated as hedging instruments are included in other income or expense. For the year ended June 30, 2022, the net loss recorded in the consolidated statement of operations from these contracts was $1.4 million. For the years ended June 30, 2021 and 2020, the net gains recorded in the consolidated statements of operations related to these contracts were $0.5 million and $0.1 million, respectively. As of June 30, 2021, foreign exchange forward currency contracts designated as hedging instruments had a notional amount of $21.8 million. These contracts have maturities of less than twelve months. Gains and losses arising from contracts designated as hedging instruments are recorded as a component of accumulated other comprehensive income (loss). As of June 30, 2021 these contracts had unrealized loss of $0.2 million. There were no outstanding foreign exchange forward contracts that were designated as hedging instruments at June 30, 2022 and at June 30, 2020. See Note 14, 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 June 30, 2022 and 2021, the Company had interest rate swap contracts, designated as cash flow hedges, with the total notional amount of $75.0 million and $200.0 million, respectively. Changes in fair value of these contracts are recorded as a component of accumulated other comprehensive income (loss). As of June 30, 2022 and 2021, these contracts had unrealized gain of $1.3 million and unrealized loss of $1.1 million, respectively. See Note 14, Derivatives and Hedging, for additional information.

The fair value of the borrowings under the 2019 Credit Agreement 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 in the 2019 Credit Agreement, the fair value approximates the face amount of the Company’s indebtedness of $308.6 million and $346.7 million as of June 30, 2022 and 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.

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. There was no outstanding liability at June 30, 2022. The fair value measurement of the contingent consideration obligation is 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 is recorded in general and administrative expenses in the accompanying consolidated statements of operations.

The change in the acquisition-related contingent consideration obligations is as follows (in thousands):

				Year Ended
	June 30, 2022			June 30, 2021			June 30, 2020
Beginning balance	$	913		$	2,167		$	6,298
Payments		(1,024	)		(1,298	)		(4,251	)
Accretion on discount		111			44			120
Ending balance	$	—		$	913		$	2,167

There were no transfers of assets or liabilities between Level 1, Level 2 or Level 3 during the years ended June 30, 2022 and 2021. There were no impairments recorded during the years ended June 30, 2022 and 2021.

Summary of Unaudited Pro Forma Financial Information

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

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current liabilities:
Net of unamortized debt issuance costs	$ 2,276	$ 2,404
Noncurrent liabilities:
Net of unamortized debt issuance costs	$ 2,430	$ 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	139,742,000	133,279,000
Common stock, shares outstanding	129,263,000	126,682,000
Treasury stock, shares	10,479,000	6,597,000

Net Income (Loss) Per Share (Schedule of Earnings Per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share Diluted [Line Items]
Net income (loss)	$ 44,271	$ 1,936	$ (126,845)
Weighted-average shares used in per share calculation - basic	129,437	124,019	119,814
Weighted-average shares used in per share calculation - diluted	133,494	127,669	119,814
Net income (loss) per share - basic and diluted
Net income (loss) per share - basic	$ 0.34	$ 0.02	$ (1.06)
Net income (loss) per share - diluted	$ 0.33	$ 0.02	$ (1.06)
Options to purchase common stock
Earnings Per Share Diluted [Line Items]
Options to purchase common stock	567	542
Restricted stock units
Earnings Per Share Diluted [Line Items]
Options to purchase common stock	3,490	3,047
Employee Stock Purchase Plan shares
Earnings Per Share Diluted [Line Items]
Options to purchase common stock		61

Business Combinations (Tables)

12 Months Ended

Jun. 30, 2022

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

	Year Ended
	June 30, 2022		June 30, 2021
Net revenues	$	1,115,942	$	1,031,825
Net income (loss)	$	53,659	$	(6,755	)
Net income (loss) per share - basic	$	0.41	$	(0.05	)
Net income (loss) per share - diluted	$	0.40	$	(0.05	)
Shares used in per share calculation - basic		129,437		124,019
Shares used in per share calculation - diluted		133,494		124,019

Ipanema

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

The 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				Final Allocation as of June 30, 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 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

Aerohive Networks, Inc.

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

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

	Final Allocation as of June 30, 2020
Cash and cash equivalents	$	44,158
Short-term investments		45,148
Accounts receivable, net		11,753
Inventories		19,232
Prepaid expenses and other current assets		3,924
Property and equipment		2,364
Operating lease right-of-use assets		6,336
Other assets		2,195
Debt		(20,000	)
Accounts payable		(9,737	)
Accrued compensation and benefits		(7,129	)
Accrued warranty		(570	)
Other accrued liabilities		(1,960	)
Operating lease liabilities		(4,752	)
Deferred revenue		(68,415	)
Other liabilities		(483	)
Net tangible assets		22,064

Identifiable intangible assets		52,500
Goodwill		192,582
Total intangible assets acquired		245,082

Total net assets acquired	$	267,146

Schedule of Identifiable Intangible Assets Acquired as Part of Acquisition

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

Intangible Assets	Estimated Useful Life (in years)		Amount
Developed technology		4	$	39,100
Backlog		1		400
Customer relationships		7		11,400
Trade names		1		1,600
Total identifiable intangible assets			$	52,500

Components of Aggregate Purchase Consideration

The components of aggregate purchase consideration are as follows (in thousands):

Purchase consideration	August 9, 2019
Cash paid to acquire outstanding shares	$	263,616
Replacement of stock-based awards		3,530
Aggregate purchase consideration	$	267,146

Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2022

Share Based Compensation [Abstract]

Shares Reserved for Issuance

The following are shares reserved for issuance (in thousands):

	June 30, 2022		June 30, 2021
2013 Equity Incentive Plan shares available for grant		11,430		6,753
Employee stock options and awards outstanding		7,616		10,359
2014 Employee Stock Purchase Plan		9,961		4,414
Total shares reserved for issuance		29,007		21,526

Summary of Stock Option Activity

The following table summarizes stock option activity under all plans (shares and intrinsic value in thousands):

	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		(458	)		2.54
Cancelled		—			—
Options outstanding at June 30, 2022		1,187		$	6.56		3.70	$	2,801
Vested and expected to vest at June 30, 2022		1,187		$	6.56		3.70	$	2,801
Exercisable at June 30, 2022		988		$	6.53		3.60	$	2,359

Summary of Stock Award Activity

The following table summarizes stock award activity (shares and market value in thousands):

	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		4,448			11.39
Released		(6,235	)		5.38
Cancelled		(498	)		7.22
Non-vested stock awards outstanding at June 30, 2022		6,429		$	9.57	$	57,347
Stock awards expected to vest at June 30, 2022		6,429		$	9.57	$	57,347

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 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 from August 15, 2020 through August 15, 2023, 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%

Summary of Stock Awards with Market or Performance Based Conditions Granted

	Fiscal year 2022		Fiscal year 2021		Fiscal year 2020
Performance awards granted		727		475		—
Performance awards earned		158		—		56

Schedule of Recognized Share-based Compensation Expense

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

	Year Ended
	June 30, 2022		June 30, 2021		June 30, 2020
Cost of product revenues	$	1,186	$	1,209	$	1,240
Cost of service and subscription revenues		1,421		1,662		1,620
Research and development		9,995		9,969		10,324
Sales and marketing		15,000		12,505		11,914
General and administrative		15,760		13,706		12,265
Total share-based compensation expense	$	43,362	$	39,051	$	37,842

Schedule of Fair Value Assumptions for Employee Stock Purchase Plan

The weighted-average estimated per share fair value of shares under the 2014 ESPP in fiscal years 2022, 2021 and 2020, was $3.32, $2.47 and $1.90, respectively.

	Employee Stock Purchase Plan
	Year Ended
	June 30, 2022			June 30, 2021			June 30, 2020
Expected life	0.5 years			0.5 years			0.5 years
Risk-free interest rate		0.33	%		0.09	%		1.71	%
Volatility		49	%		95	%		43	%
Dividend yield		—	%		—	%		—	%

Fair Value Measurements (Narratives) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Interest rate swap contracts
Assets/Liabilities
Notional principal amount of forward foreign exchange contracts	$ 75,000,000.0	$ 200,000,000.0
Other Comprehensive Income (Loss) \| Interest rate swap contracts
Assets/Liabilities
Unrealized gain (loss) on interest rate cash flow hedges	1,300,000	(1,100,000)
Not Designated as Hedging Instrument \| Forward Foreign Currency Contracts
Assets/Liabilities
Notional principal amount of forward foreign exchange contracts	$ 9,600,000	$ 23,000,000.0
Maximum maturities for contracts	40 days	40 days
Gain (loss) on foreign currency derivative instruments	$ (1,400,000)	$ 500,000	$ 100,000
Designated as Hedging Instrument \| Forward Foreign Currency Contracts
Assets/Liabilities
Notional principal amount of forward foreign exchange contracts		$ 21,800,000
Maximum maturities for contracts		12 months
Unrealized gain (loss) on derivatives	0	$ (200,000)	0
Level 2 Assets and Liabilities
Assets/Liabilities
Long-term debt, fair value	308,600,000	346,700,000
Transfers of assets between Level 1 and Level 2	0	0
Transfers of liabilities between Level 1 and Level 2	0	0
Level 3 Assets and Liabilities
Assets/Liabilities
Acquisition-related contingent consideration obligations	0	913,000	$ 2,167,000	$ 6,298,000
Transfers of assets between Level 2 and Level 3	0	0
Transfers of liabilities between Level 2 and Level 3	0	0
Fair value assets impairment	$ 0	$ 0

Leases (Narratives) (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Narratives) (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021
Lessee Lease Description [Line Items]
Lease option to extend, description	Some lease terms include one or more options to renew
Lease, existence of option to extend	true
Sublease income	$ 2.7	$ 2.9
Minimum [Member]
Lessee Lease Description [Line Items]
Sublease term	2 years
Minimum [Member] \| Facilities
Lessee Lease Description [Line Items]
Lease term	1 year
Minimum [Member] \| Equipment
Lessee Lease Description [Line Items]
Lease term	1 year
Minimum [Member] \| Vehicles
Lessee Lease Description [Line Items]
Lease term	1 year
Maximum
Lessee Lease Description [Line Items]
Sublease term	6 years
Maximum \| Facilities
Lessee Lease Description [Line Items]
Lease term	10 years
Maximum \| Equipment
Lessee Lease Description [Line Items]
Lease term	5 years
Maximum \| Vehicles
Lessee Lease Description [Line Items]
Lease term	5 years

Goodwill and Intangible Assets (Components of Gross and Net Intangible Asset Balances) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 248,584	$ 232,684
Accumulated Amortization	216,069	196,646
Net Carrying Amount	$ 32,515	$ 36,038
Developed Technology Rights
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	146,560	129,861
Net Carrying Amount	$ 24,040	$ 26,239
Customer Relationships
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	3 years 10 months 24 days	4 years 9 months 18 days
Gross Carrying Amount	$ 64,839	$ 63,039
Accumulated Amortization	56,704	54,204
Net Carrying Amount	$ 8,135	$ 8,835
Trade names
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	1 month 6 days	8 months 12 days
Gross Carrying Amount	$ 10,700	$ 10,700
Accumulated Amortization	10,680	10,128
Net Carrying Amount	$ 20	$ 572
License agreements
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period	4 years 4 months 24 days	5 years 4 months 24 days
Gross Carrying Amount	$ 2,445	$ 2,445
Accumulated Amortization	2,125	2,053
Net Carrying Amount	$ 320	$ 392
Backlogs
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Amortization Period		0 years
Gross Carrying Amount		$ 400
Accumulated Amortization		$ 400

Employee Benefit Plans (Shares Reserved for Issuance) (Details) - shares shares in Thousands	Jun. 30, 2022	Jun. 30, 2021
Class Of Stock [Line Items]
Shares reserved for issuance	29,007	21,526
2014 Employee Stock Purchase Plan
Class Of Stock [Line Items]
Shares reserved for issuance	9,961	4,414
2013 Equity Incentive Plan Shares Available for Grant
Class Of Stock [Line Items]
Shares reserved for issuance	11,430	6,753
Employee Stock Options and Awards Outstanding
Class Of Stock [Line Items]
Shares reserved for issuance	7,616	10,359

Balance Sheet Components (Summary of Contract Liabilities Shown as Deferred Revenue) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Deferred Revenue Arrangement [Line Items]
Total deferred revenue	$ 401,619	$ 345,584
Less: current portion	238,262	212,412
Non-current deferred revenue	163,357	133,172
SaaS Support And Maintenance Arrangement [Member]
Deferred Revenue Arrangement [Line Items]
Total deferred revenue	393,289	328,797
Other Deferred Revenue [Member]
Deferred Revenue Arrangement [Line Items]
Total deferred revenue	$ 8,330	$ 16,787

Balance Sheet Components (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Balance at beginning of period	$ 986	$ 1,212	$ 1,054
Provision for expected credit losses	39	409	1,289
Deductions	(330)	(635)	(1,131)
Balance at end of period	$ 695	$ 986	$ 1,212

Income Taxes

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

16. Income Taxes

Income (loss) before income taxes is as follows (in thousands):

	Year Ended
	June 30,			June 30,			June 30,
	2022			2021			2020
Domestic	$	(1,204	)	$	(4,194	)	$	(143,651	)
Foreign		53,398			14,379			23,159
Income (loss) before income taxes	$	52,194		$	10,185		$	(120,492	)

The provision for income taxes for the years ended June 30, 2022, 2021 and 2020 consisted of the following (in thousands):

	Year Ended
	June 30,			June 30,		June 30,
	2022			2021		2020
Current:
Federal	$	—		$	—	$	(22	)
State		1,069			1,160		256
Foreign		6,460			5,334		4,597
Total current		7,529			6,494		4,831
Deferred:
Federal		396			324		333
State		227			1,169		44
Foreign		(229	)		262		1,145
Total deferred		394			1,755		1,522
Provision for income taxes	$	7,923		$	8,249	$	6,353

The difference between the provision for income taxes and the amount computed by applying the federal statutory income tax rate (21 percent) to income (loss) before income taxes is explained below (in thousands):

	Year Ended
	June 30,			June 30,			June 30,
	2022			2021			2020
Tax at federal statutory rate	$	10,960		$	2,139		$	(25,303	)
State income tax, net of federal benefit		844			917			202
Global Intangible Low-Taxed Income (GILTI)		15,470			—			4,094
US valuation allowance change – deferred tax movement		(13,795	)		(9,387	)		2,414
Research and development credits		(3,122	)		(2,423	)		(4,947	)
Tax impact of foreign earnings		(3,762	)		11,979			2,831
Foreign withholding taxes		1,032			828			762
Stock based compensation		(5,011	)		1,162			4,349
Goodwill amortization		525			1,467			331
Nondeductible officer compensation		4,589			1,496			862
Nondeductible meals and entertainment		193			71			364
AMT credit monetization		—			—			(22	)
Gain on transfer of intellectual property		—			—			19,819
Other		—			—			597
Provision for income taxes	$	7,923		$	8,249		$	6,353

Significant components of the Company’s deferred tax assets are as follows (in thousands):

	June 30,
	2022			2021			2020
Deferred tax assets:
Net operating loss carry-forwards	$	51,494		$	69,126		$	74,548
Tax credit carry-forwards		70,683			68,003			67,364
Depreciation		2,093			3,113			2,755
Intangible amortization		29,538			35,340			32,642
Deferred revenue		15,928			11,625			7,610
Inventory write-downs		13,121			14,501			13,014
Other allowances and accruals		26,508			28,899			32,318
Stock based compensation		2,746			2,792			3,169
Deferred intercompany gain		3,693			3,693			3,693
Ireland goodwill amortization		5,583			6,303			7,132
Other		244			1,175			888
Total deferred tax assets		221,631			244,570			245,133
Valuation allowance		(209,727	)		(230,588	)		(232,862	)
Total net deferred tax assets		11,904			13,982			12,271
Deferred tax liabilities:
Goodwill amortization		(10,415	)		(8,575	)		(6,691	)
Prepaid commissions		(3,931	)		(3,166	)		(1,958	)
Deferred tax liability on foreign withholdings		(676	)		(578	)		(551	)
Total deferred tax liabilities		(15,022	)		(12,319	)		(9,200	)
Net deferred tax assets	$	(3,118	)	$	1,663		$	3,071
Recorded as:
Net non-current deferred tax assets		4,599			5,491			5,405
Net non-current deferred tax liabilities		(7,717	)		(3,828	)		(2,334	)
Net deferred tax assets	$	(3,118	)	$	1,663		$	3,071

The Company’s global valuation allowance decreased by $20.9 million in the fiscal year ended June 30, 2022 and decreased by $2.2 million in the fiscal year ended June 30, 2021. The Company has provided a full valuation allowance against all of its U.S. federal and state deferred tax assets, as well as valuation allowances against certain non-U.S. deferred tax assets in Ireland and Brazil. The valuation allowance is determined by assessing both negative and positive available evidence to determine whether it is more likely than not that the deferred tax assets will be recoverable. The Company's inconsistent earnings in recent periods, including a cumulative loss over the last three years and the cyclical nature of the Company's business provides sufficient negative evidence that require a full valuation allowance against its U.S. federal and state net deferred tax assets. The valuation allowance is evaluated periodically and can be reversed partially or in full if business results and the economic environment have sufficiently improved to support realization of the Company's deferred tax assets.

As of June 30, 2022, the Company had net operating loss carry-forwards (“NOLs”) for U.S. federal and state tax purposes of $184.5 million and $162.8 million, respectively. As of June 30, 2022, the Company also had foreign net operating loss carry-forwards in Ireland, Australia and Brazil of $8.9 million, $6.9 million and $15.2 million, respectively. As of June 30, 2022, the Company also had federal and state tax credit carry-forwards of $44.0 million and $33.7 million, respectively. These credit carry-forwards consist of research and development tax credits as well as foreign tax credits. Of the $184.5 million U.S. federal net operating loss carry-forwards, $87.4 million will begin to expire in the fiscal year ending June 30, 2035 and $97.1 million have an indefinite carryforward life. The state net operating losses of $162.8 million will begin to partially expire in the fiscal year ending June 30, 2024. The foreign net operating losses can generally be carried forward indefinitely. Federal research and development tax credits of $35.3 million will expire beginning in fiscal 2023, if not utilized and foreign tax credits of $8.7 million will expire beginning in fiscal 2023. North Carolina state research and development tax credits of $0.9 million will expire beginning in the fiscal year ending June 30, 2024, if not utilized. California state research and development tax credits of $32.8 million do not expire and can be carried forward indefinitely.

In May 2022, the Company performed an analysis under Section 382 of the Internal Revenue Code (“IRC”) with respect to its net operating loss and credit carry-forwards to determine whether a potential ownership change had occurred that would place a limitation on the annual utilization of these U.S. tax attributes. It was determined that no ownership change had occurred during the fiscal year ended June 30, 2020, however, it is possible a subsequent ownership change could limit the utilization of the Company's tax attributes. The Company also performed in June 2020 a separate IRC section 382 analysis with respect to the NOLs and tax credits acquired from Aerohive and have determined that while the Company will be subject to an annual limitation, the Company should not be limited on the full utilization of the losses and credits during the statutory allowable carryforward period for the NOLs and credits.

As of June 30, 2022, cumulative undistributed, indefinitely reinvested earnings of non-U.S. subsidiaries totaled $33.1 million. It has been the Company’s historical policy to invest the earnings of certain foreign subsidiaries indefinitely outside the U.S. The Company has reviewed its prior position on the reinvestment of earnings of certain foreign subsidiaries and has recorded a deferred tax liability of $0.7 million related to withholding taxes that may be incurred upon repatriation of earnings from jurisdictions where no indefinite reinvestment assertion is made. The Company continues to maintain an indefinite reinvestment assertion for earnings in certain of its foreign jurisdictions. The unrecorded deferred tax liability for potential tax associated with repatriation of these earnings as well as the deemed repatriation related to U.S. tax reform enacted in 2017 is $6.2 million.

On August 16, 2022, President Biden signed the Inflation Reduction Act which includes a new minimum tax on certain large corporations and an excise tax on stock buybacks. We do not anticipate this legislation will have a material impact for the Company.

The Company conducts business globally and as a result, most of its subsidiaries file income tax returns in various domestic and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. Its major tax jurisdictions are the U.S., Ireland, India, California, New Hampshire, Texas and North Carolina. In general, the Company's U.S. federal income tax returns are subject to examination by tax authorities for fiscal years ended June 2003 forward due to net operating losses and the Company's state income tax returns are subject to examination for fiscal years ended June 2002 forward due to net operating losses. Statutes related to material foreign jurisdictions are generally open for fiscal years ended June 2018 forward for Ireland and for tax year ended March 2018 forward for India.

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed into law in the United States. The CARES Act, among other things, includes modifications to net operating loss carryforward provisions and net interest expense deductions, and allows deferment of employer social security tax payments. The Company evaluated the provisions of the CARES Act and how certain elections may impact its financial position and results of operations, and have determined the enactment of the CARES Act did not have a material impact to the income tax provision for the fiscal year ended June 30, 2020, or to the net deferred tax assets as of June 30, 2020.

The U.S. tax rules require U.S. tax on foreign earnings, known as Global Intangible Low Taxed Income (“GILTI”). Under U.S. GAAP, taxpayers are allowed to make an accounting policy election of either (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the “period cost method”) or (2) factoring such amounts into a company’s measurement of its deferred taxes. The Company has elected to account for GILTI tax as a component of tax expense in the period in which it is incurred under the period cost method.

On August 9, 2019, the Company completed its acquisition of Aerohive. This acquisition was treated as a non-taxable stock acquisition and therefore Extreme Networks has carryover tax basis in the assets and liabilities acquired. During the fourth quarter of fiscal 2020 following the acquisition of Aerohive, the Company realigned the Aerohive related non-American intellectual property rights to correspond with the Company’s global operating model. This transaction resulted in recognition of a $75.0 million U.S. tax gain which was fully consumed by existing NOLs and the intangibles transferred are being amortized over 10 years for Irish statutory purposes.

As of June 30, 2022, the Company had $18.4 million of unrecognized tax benefits. If fully recognized in the future, $0.3 million would impact the effective tax rate, and $18.1 million would result in adjustments to deferred tax assets and corresponding adjustments to the valuation allowance. The Company does not reasonably expect the amount of unrealized tax benefits to materially decrease during the next twelve months. The decrease in the current year related to prior year tax positions relates to the reclassification of an unrecognized tax benefit to a valuation allowance with no net impact to the financial statements.

A reconciliation of the beginning and ending amount of total unrecognized tax benefits is as follows (in thousands):

Balance at June 30, 2019	$	17,168
Increase related to prior year tax positions		8,906
Increase related to current year tax positions		44
Decrease related to prior year tax positions		(1,800	)
Lapse of statute of limitations		(421	)
Balance at June 30, 2020		23,897
Decrease related to prior year tax positions		(4,296	)
Increase related to prior year tax positions		28
Increase related to current year tax positions		72
Lapse of statute of limitations		(637	)
Balance at June 30, 2021	$	19,064
Decrease related to prior year tax positions		(34	)
Increase related to prior year tax positions		-
Increase related to current year tax positions		11
Lapse of statute of limitations		(674	)
Balance at June 30, 2022	$	18,367

Estimated interest and penalties related to the underpayment of income taxes, if any are classified as a component of tax expense in the consolidated statements of operations and totaled less than $0.1 million for each of the years ended June 30, 2022, 2021 and 2020.

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Balance Sheet Components (Components of Property and Equipment) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 184,575	$ 179,433
Less: accumulated depreciation and amortization	(134,997)	(124,429)
Property and equipment, net	49,578	55,004
Computers and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	75,387	75,866
Purchased software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	47,161	40,037
Office equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,463	10,201
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 52,564	$ 53,329

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current assets:
Cash	$ 194,522	$ 246,894
Accounts receivable, net	184,097	156,476
Inventories	49,231	32,885
Prepaid expenses and other current assets	61,239	51,340
Total current assets	489,089	487,595
Property and equipment, net	49,578	55,004
Operating lease right-of-use assets, net	36,454	36,927
Intangible assets, net	32,515	36,038
Goodwill	400,144	331,159
Other assets	60,730	63,370
Total assets	1,068,510	1,010,093
Current liabilities:
Current portion of long-term debt, net of unamortized debt issuance costs of $2,276 and $2,404, respectively	33,349	23,721
Accounts payable	84,338	60,142
Accrued compensation and benefits	53,710	71,610
Accrued warranty	10,852	11,623
Current portion of operating lease liabilities	13,956	18,743
Current portion of deferred revenue	238,262	212,412
Other accrued liabilities	65,714	57,449
Total current liabilities	500,181	455,700
Deferred revenue, less current portion	163,357	133,172
Long-term debt, less current portion, net of unamortized debt issuance costs of $2,430 and $4,760, respectively	270,570	315,865
Operating lease liabilities, less current portion	33,256	32,515
Deferred income taxes	7,717	3,828
Other long-term liabilities	3,086	14,545
Commitments and contingencies (Note 10)
Stockholders’ equity:
Convertible preferred stock, $0.001 par value, issuable in series, 2,000 shares authorized; none issued
Common stock, $0.001 par value, 750,000 shares authorized; 139,742 and 133,279 shares issued, respectively; 129,263 and 126,682 shares outstanding, respectively	140	133
Additional paid-in-capital	1,115,416	1,078,602
Accumulated other comprehensive loss	(3,055)	(2,811)
Accumulated deficit	(934,072)	(978,343)
Treasury stock at cost, 10,479 and 6,597 shares, respectively	(88,086)	(43,113)
Total stockholders’ equity	90,343	54,468
Total liabilities and stockholders’ equity	$ 1,068,510	$ 1,010,093

Employee Benefit Plans (Narratives) (Details) - USD ($)			12 Months Ended
Employee Benefit Plans (Narratives) (Details) - USD ($)	Nov. 04, 2021	Aug. 27, 2014	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Nov. 20, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding for options and awards			1,187,000	1,645,000
Total intrinsic value of options exercised			$ 4,900,000	$ 3,900,000	$ 600,000
Weighted-average estimated fair value of options granted (in dollars per share)					$ 3.52
Total unrecognized compensation cost for unvested stock options			$ 700,000
Recognition period for compensation cost not yet recognized (in years, months, and days)			1 year 2 months 12 days
Options granted			0
Stock options or Awards /units granted, grant date fair value			$ 11.39
Aggregate shares withheld upon vesting			2,200,000	1,300,000	1,300,000
Cash remitted to the appropriate taxing authorities			$ 24,500,000	$ 9,200,000	$ 8,000,000.0
Granted			4,448,000
401(k) Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum annual contributions per employee			$ 20,500
Additional annual contribution per employee over age of 50			$ 6,500
Employer matching contribution per dollar contributed by employee			0.50%
Maximum employer matching contribution of employee total compensation (percent)			6.00%
Matching contributions to the Plan			$ 4,600,000	4,200,000	3,200,000
Employer discretionary contributions			$ 0	$ 0	0
Performance Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding for options and awards			550,300	550,300
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognition period for compensation cost not yet recognized (in years, months, and days)			1 year 7 months 6 days
Share-based compensation arrangement by share-based payment award, award vesting percentage			The RSUs 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.
Total unrecognized compensation cost for awards other than options			$ 42,900,000
Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate fair value, as of the respective granted dates			$ 50,700,000	$ 32,900,000	$ 45,900,000
MSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options or Awards /units granted, grant date fair value			$ 12.69	$ 5.32
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 1 and 2 and the ability for up to the maximum of the full award to vest based on the full 3-year TSR less any shares vested based on 1- and 2- year periods
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
Certain Officers and Executive Vice Presidents \| Performance Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted						851,700
Stock options/units vesting, stock trigger price						$ 10.00
Stock options vesting performance period						3 years
Stock options vesting, Threshold consecutive trading days from August 29, 2018 through August 31, 2021						30 days
Share-based compensation arrangement by share-based payment award, award vesting percentage			If the price hurdle is achieved, the PSOs will vest (ratably based upon the time elapsed between August 31, 2018 and the date the hurdle is met) and the remainder will vest quarterly through August 31, 2021.
Stock options or Awards /units granted, grant date fair value			$ 2.62
Certain Officers and Executive Vice Presidents \| Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted			1,000,000.0	1,600,000	600,000
Executive Officer Member \| MSUs
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]
Authorized shares for issuance							9,000,000.0
Shares subject to previously expired awards reinstated							12,700,000
Decrease in shares available for future grants for each Full Value Award awarded							150.00%
Additional authorized shares for issuance	7,900,000		7,900,000
Employee stock options and stock awards available for grant			11,400,000
Shares outstanding for options and awards			7,600,000
Contractual term			7 years
Aerohive 2014 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock options and stock awards available for grant			0
Shares outstanding for options and awards			2,578
2014 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional authorized shares for issuance	7,500,000
Weighted-average estimated fair value of options granted (in dollars per share)			$ 3.32	$ 2.47	$ 1.90
Authorized shares for issuance		12,000,000.0	17,000,000.0
Maximum offering period per purchase period (in months)				6 months
Maximum of total compensation permitted to acquire shares (percent)		15.00%
Maximum shares issuable for each purchase period		1,500,000
Percent of fair market value for price per share to employees (percent)		85.00%
Shares issued under stock purchase plan			2,000,000.0	2,900,000

Revenues (Schedule of Revenues Disaggregated by Sales Channel and Geographic Region) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Disaggregation Of Revenue [Line Items]
Net Revenues	$ 1,112,321	$ 1,009,418	$ 948,019
Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	606,988	541,611	478,307
Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	505,333	467,807	469,712
United States
Disaggregation Of Revenue [Line Items]
Net Revenues	503,635	485,471	459,769
United States \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	237,163	244,851	218,276
United States \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	266,472	240,620	241,493
Other Americas
Disaggregation Of Revenue [Line Items]
Net Revenues	44,608	48,049	39,633
Other Americas \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	27,018	31,583	19,530
Other Americas \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	17,590	16,466	20,103
Total Americas
Disaggregation Of Revenue [Line Items]
Net Revenues	548,243	533,520	499,402
Total Americas \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	264,181	276,434	237,806
Total Americas \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	284,062	257,086	261,596
EMEA
Disaggregation Of Revenue [Line Items]
Net Revenues	477,081	387,545	357,201
EMEA \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	325,290	250,897	218,947
EMEA \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	151,791	136,648	138,254
APAC
Disaggregation Of Revenue [Line Items]
Net Revenues	86,997	88,353	91,416
APAC \| Distributor
Disaggregation Of Revenue [Line Items]
Net Revenues	17,517	14,280	21,554
APAC \| Direct
Disaggregation Of Revenue [Line Items]
Net Revenues	$ 69,480	$ 74,073	$ 69,862

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.

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-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

Schedule of Long Lived Assets by Segment

Employee Benefit Plans (Schedule of PSUs Earned and Vested Based on Total Stockholder Return (TSR PSUs)) (Details) - Executive Officer Member - TSR PSU	12 Months Ended
	Jun. 30, 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%

Business Combinations (Narratives) (Details) $ in Thousands			12 Months Ended
Business Combinations (Narratives) (Details) $ in Thousands	Sep. 14, 2021 USD ($)	Aug. 09, 2019 USD ($)	Jun. 30, 2022 USD ($) Acquisition	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($) Acquisition
Business Acquisition [Line Items]
Number of acquisitions completed \| Acquisition			1		1
Business combination acquisition related costs			$ 7,009	$ 1,975	$ 32,073
Ipanema
Business Acquisition [Line Items]
Business acquisition, cash consideration	$ 70,900
Business acquisition, date of acquisition	Sep. 14, 2021
Business combination acquisition related costs			$ 7,000
Aerohive Networks, Inc.
Business Acquisition [Line Items]
Business acquisition, cash consideration		$ 267,146
Business acquisition, date of acquisition		Aug. 09, 2019
Business combination acquisition related costs					32,100
Revenue					125,100
Compensation charge associated with acquisition					$ 6,800

Business Combinations

12 Months Ended

Jun. 30, 2022

Business Combinations [Abstract]

Business Combinations

4. Business Combinations

The Company completed one acquisition during the fiscal year ended June 30, 2022 and one acquisition during the fiscal year ended June 30, 2020. The acquisitions were accounted for using the acquisition method of accounting. The estimated fair values were determined through established and generally accepted valuation techniques, including work performed by third-party valuation specialists. The purchase price of each acquisition has been allocated to tangible and identifiable intangible assets acquired and liabilities assumed. The fair value of working capital related items, such as other current assets and accrued liabilities, approximated their book values at the date of acquisition. Inventories were valued at fair value using the net realizable value approach. The fair value of property and equipment was determined using a cost approach. 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 the Company would be required to pay to a third party to assume the obligation. Intangible assets were valued using income approaches based on management projections, which the Company considers to be Level 3 inputs. Results of operations of the acquired entity is included in the Company’s operations beginning with the closing date of each acquisition.

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 the Company to expand its portfolio with new cloud-managed SD-WAN and security offerings to support its enterprise customers.

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 fair value of the acquired deferred revenue was estimated using the cost build-up approach which was subsequently remeasured in accordance with ASC Topic 606 based on the recently issued and adopted guidance ASU 2021-08. 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. All valuations are finalized as of June 30, 2022. Results of operations of Ipanema have been included in the operations of the Company beginning with the Acquisition Date.

The 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				Final Allocation as of June 30, 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 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

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

For the period ended June 30, 2022, the Company incurred acquisition and integration related expenses of $7.0 million 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 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 year ended June 30, 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 year ended June 30, 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):

	Year Ended
	June 30, 2022		June 30, 2021
Net revenues	$	1,115,942	$	1,031,825
Net income (loss)	$	53,659	$	(6,755	)
Net income (loss) per share - basic	$	0.41	$	(0.05	)
Net income (loss) per share - diluted	$	0.40	$	(0.05	)
Shares used in per share calculation - basic		129,437		124,019
Shares used in per share calculation - diluted		133,494		124,019

Fiscal 2020 Acquisition

Aerohive Acquisition

On August 9, 2019, the Company consummated its acquisition of all of the outstanding common stock of Aerohive Networks, Inc. (“Aerohive”) pursuant to that certain Agreement and Plan of Merger entered into as of June 26, 2019. Under the terms of the Aerohive acquisition, the net consideration paid by Extreme to Aerohive stockholders was $267.1 million. The acquired assets and liabilities of Aerohive were 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 components of aggregate purchase consideration are as follows (in thousands):

Purchase consideration	August 9, 2019
Cash paid to acquire outstanding shares	$	263,616
Replacement of stock-based awards		3,530
Aggregate purchase consideration	$	267,146

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

	Final Allocation as of June 30, 2020
Cash and cash equivalents	$	44,158
Short-term investments		45,148
Accounts receivable, net		11,753
Inventories		19,232
Prepaid expenses and other current assets		3,924
Property and equipment		2,364
Operating lease right-of-use assets		6,336
Other assets		2,195
Debt		(20,000	)
Accounts payable		(9,737	)
Accrued compensation and benefits		(7,129	)
Accrued warranty		(570	)
Other accrued liabilities		(1,960	)
Operating lease liabilities		(4,752	)
Deferred revenue		(68,415	)
Other liabilities		(483	)
Net tangible assets		22,064

Identifiable intangible assets		52,500
Goodwill		192,582
Total intangible assets acquired		245,082

Total net assets acquired	$	267,146

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

Intangible Assets	Estimated Useful Life (in years)		Amount
Developed technology		4	$	39,100
Backlog		1		400
Customer relationships		7		11,400
Trade names		1		1,600
Total identifiable intangible assets			$	52,500

The amortization for the developed technology and backlog is recorded in “Cost of revenues” for product and service and the amortization for the remaining intangibles is recorded in “Amortization of intangibles” in the accompanying consolidated statements of operations. The goodwill recognized is attributable primarily to expected synergies and the assembled workforce of Aerohive along with the future potential of the technology. The Company will not be entitled to amortization of the goodwill and intangible assets for tax purposes as the Acquisition is a nontaxable stock acquisition.

The results of operations of Aerohive are included in the accompanying consolidated statements of operations beginning August 9, 2019. The Aerohive revenues for the year ended June 30, 2020 were $125.1 million and were incorporated into the revenues of the Company. Certain associated expenses of Aerohive were incorporated with the results of operations of the Company and, therefore, stand-alone operating results are not available for the year ended June 30, 2020.

In the year ended June 30, 2020, the Company incurred acquisition and integration related expenses of $32.1 million associated with the Aerohive acquisition, including a $6.8 million compensation charge for certain Aerohive Executive stock awards which were accelerated due to change-in-control and termination provisions included in the Executives’ employment contracts. Other acquisition and integration costs consist primarily of professional fees for financial and legal advisory services and severance charges for terminated Aerohive employees. Such acquisition-related costs were expensed as incurred and are included in “Acquisition and integration costs” in the accompanying consolidated statements of operations.

Information about Segments of Geographic Areas (Schedule of Long Lived Assets by Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total long-lived assets	$ 179,277	$ 191,339
Americas
Segment Reporting Information [Line Items]
Total long-lived assets	130,715	151,839
EMEA
Segment Reporting Information [Line Items]
Total long-lived assets	36,792	25,940
APAC
Segment Reporting Information [Line Items]
Total long-lived assets	$ 11,770	$ 13,560

Consolidated Statements of Stockholders' Equity - 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, 2019	$ 115,987	$ 122	$ 986,772	$ (2,473)		$ (853,434)
Balance, common stock, shares at Jun. 30, 2019		121,538
Treasury stock, shares at Jun. 30, 2019					(2,366)
Treasury stock, value at Jun. 30, 2019					$ (15,000)
Net income (loss)	(126,845)					(126,845)
Other comprehensive income (loss)	(3,905)			(3,905)
Issuance of common stock from equity incentive plans, net of tax withholding	8,789	$ 5	8,784
Issuance of common stock from equity incentive plans, net of tax withholding, shares		5,576
Stock awards granted in connection with acquisition	3,530		3,530
Stock-based compensation	37,842		37,842
Repurchase of stock, value	(30,000)		(1,887)		$ (28,113)
Repurchase of stock, shares					(4,231)
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)	1,936					1,936
Other comprehensive income (loss)	3,567			3,567
Issuance of common stock from equity incentive plans, net of tax withholding	4,516	$ 6	4,510
Issuance of common stock from equity incentive plans, net of tax withholding, shares		6,165
Stock-based compensation	39,051		39,051
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)	44,271					44,271
Other comprehensive income (loss)	(244)			(244)
Issuance of common stock from equity incentive plans, net of tax withholding	(6,541)	$ 7	(6,548)
Issuance of common stock from equity incentive plans, net of tax withholding, shares		6,463
Stock-based compensation	43,362		43,362
Repurchase of stock, value	(44,973)				$ (44,973)
Repurchase of stock, shares					(3,882)
Balance at Jun. 30, 2022	$ 90,343	$ 140	$ 1,115,416	$ (3,055)		$ (934,072)
Balance, common stock, shares at Jun. 30, 2022	139,742	139,742
Treasury stock, shares at Jun. 30, 2022	(10,479)				(10,479)
Treasury stock, value at Jun. 30, 2022	$ (88,086)				$ (88,086)

Information about Segments of Geographic Areas (Tables)

12 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

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

	June 30, 2022		June 30, 2021
Americas	$	130,715	$	151,839
EMEA		36,792		25,940
APAC		11,770		13,560
Total long-lived assets	$	179,277	$	191,339

Balance Sheet Components (Components of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Finished goods	$ 40,733	$ 27,901
Raw materials	8,498	4,984
Total inventories	$ 49,231	$ 32,885

Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Federal statutory income tax rate (percent)	21.00%
Tax at federal statutory rate (benefit)	$ 10,960	$ 2,139	$ (25,303)
State income tax, net of federal benefit	844	917	202
Global Intangible Low-Taxed Income (GILTI)	15,470		4,094
US valuation allowance change – deferred tax movement	(13,795)	(9,387)	2,414
Research and development credits	(3,122)	(2,423)	(4,947)
Tax impact of foreign earnings	(3,762)	11,979	2,831
Foreign withholding taxes	1,032	828	762
Stock based compensation	(5,011)	1,162	4,349
Goodwill amortization	525	1,467	331
Nondeductible officer compensation	4,589	1,496	862
Nondeductible meals and entertainment	193	71	364
AMT credit monetization			(22)
Gain on transfer of intellectual property			19,819
Other			597
Provision for income taxes	$ 7,923	$ 8,249	$ 6,353

Information about Segments of Geographic Areas

12 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Information about Segments of Geographic Areas

13. Information about Segments of Geographic Areas

The Company operates in one segment, which develops and markets network infrastructure equipment. Revenues are attributed to a geographical area based on the location of the customers. The Company operates in three geographic theaters: 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 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 customers’ billing address.

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

	June 30, 2022		June 30, 2021
Americas	$	130,715	$	151,839
EMEA		36,792		25,940
APAC		11,770		13,560
Total long-lived assets	$	179,277	$	191,339

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.

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Goodwill And Intangible Assets Disclosure [Abstract]

Restructuring, Impairments, and Related Charges (Restructuring Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 271	$ 2,219	$ 5,323
Period charges	12	1,597	14,875
Period reversals	(41)	(128)	(1,369)
Reclassification to reduce operating lease assets			(1,764)
Period payments	(242)	(3,417)	(14,846)
Ending Balance	0	271	2,219
Excess Facilities
Restructuring Cost and Reserve [Line Items]
Beginning Balance			1,764
Reclassification to reduce operating lease assets			(1,764)
Severance and Other
Restructuring Cost and Reserve [Line Items]
Beginning Balance	271	2,219	3,559
Period charges	12	1,597	14,875
Period reversals	(41)	(128)	(1,369)
Period payments	$ (242)	(3,417)	(14,846)
Ending Balance		$ 271	$ 2,219

Income Taxes (Schedule of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning balance	$ 19,064	$ 23,897	$ 17,168
Increase related to prior year tax positions		28	8,906
Increase related to current year tax positions	11	72	44
Decrease related to prior year tax positions	(34)	(4,296)	(1,800)
Lapse of statute of limitations	(674)	(637)	(421)
Unrecognized tax benefits, ending balance	$ 18,367	$ 19,064	$ 23,897

Employee Benefit Plans (Schedule of Recognized Share-based Compensation Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 43,362	$ 39,051	$ 37,842
Cost of Product Revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	1,186	1,209	1,240
Cost Of Service And Subscription Revenue
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	1,421	1,662	1,620
Research and Development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	9,995	9,969	10,324
Sales and Marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	15,000	12,505	11,914
General and Administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 15,760	$ 13,706	$ 12,265

Goodwill and Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2022

Summary of Goodwill

The following table reflects the changes in the carrying amount of goodwill (in thousands):

	June 30, 2022		June 30, 2021
Balance at beginning of period		331,159	$	331,159
Additions due to acquisitions (see Note 4)		68,985		—
Balance at end of period	$	400,144	$	331,159

Components of Gross and Net Intangible Asset Balances

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

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2022
Developed technology	3.3 years	$	170,600	$	146,560	$	24,040
Customer relationships	3.9 years		64,839		56,704		8,135
Trade names	0.1 years		10,700		10,680		20
License agreements	4.4 years		2,445		2,125		320
Total intangibles, net		$	248,584	$	216,069	$	32,515

	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 following table summarizes the amortization expense of intangibles for the periods presented (in thousands):

	Year Ended
	June 30, 2022		June 30, 2021		June 30, 2020
Amortization of intangibles in “Total cost of revenues”	$	16,711	$	26,246	$	26,793
Amortization of intangibles in "Operations"		3,235		6,110		8,425
Total amortization expense	$	19,946	$	32,356	$	35,218

Schedule of Expected Amortization Expenses

The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):

For the fiscal year ending:
2023	$	15,513
2024		5,571
2025		4,757
2026		3,411
2027		1,528
Thereafter		1,735
Total	$	32,515

Summary of Significant Accounting Policies (Narratives) (Details)	12 Months Ended
	Jun. 30, 2022 USD ($) Segment	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)
Significant Accounting Policies [Line Items]
Intangible asset and goodwill impairment	$ 0	$ 0
Number of reporting units \| Segment	1
Hardware products warranty period (in years)	1 year
Software products warranty period (in days)	90 days
Minimum percentage of tax benefit realized upon settlement	50.00%
Deferred revenue	$ 44,635,000	$ 54,398,000	$ 19,530,000
Ipanema
Significant Accounting Policies [Line Items]
Deferred revenue	$ 7,100
Minimum \| Purchased Software
Significant Accounting Policies [Line Items]
Estimated useful lives of property and equipment	1 year
Maximum \| Purchased Software
Significant Accounting Policies [Line Items]
Estimated useful lives of property and equipment	4 years
Computer Equipment \| Minimum
Significant Accounting Policies [Line Items]
Estimated useful lives of property and equipment	1 year
Computer Equipment \| Maximum
Significant Accounting Policies [Line Items]
Estimated useful lives of property and equipment	4 years
Office equipment, furniture and fixtures \| Minimum
Significant Accounting Policies [Line Items]
Estimated useful lives of property and equipment	3 years
Office equipment, furniture and fixtures \| Maximum
Significant Accounting Policies [Line Items]
Estimated useful lives of property and equipment	7 years

Restructuring, Impairments, and Related Charges

12 Months Ended

Jun. 30, 2022

Restructuring And Related Activities [Abstract]

Restructuring, Impairments, and Related Charges

15. Restructuring, Impairments, and Related Charges

The Company does not have any restructuring liability as of June 30, 2022. As of June 30, 2021, restructuring liabilities were $0.3 million, which were recorded in “Other accrued liabilities” in the accompanying consolidated balance sheets. The restructuring liabilities consist of obligations pertaining to the estimated future obligations for non-cancelable lease payments and severance and benefits obligations through June 30, 2019 and only severance, benefits and other related obligations subsequent to the adoption of ASU 2016-02 Leases (Topic 842) on July 1, 2019.

During fiscal years ended 2022, 2021 and 2020, the Company recorded restructuring, impairments and related charges of $1.7 million, $2.6 million and $22.0 million, respectively. The charges are reflected in “Restructuring and related charges” in the consolidated statements of operations.

2022 Restructuring

During fiscal 2022, the Company recorded $1.7 million of restructuring charges which primarily comprised of facility related charges. The facility restructuring charges included some impairment charges and additional facilities expenses related to previously impaired facilities. In addition, during fiscal 2022, the Company completed the reduction-in-force action initiated in the third quarter of fiscal 2020 (the “2020 Plan”). The Company had incurred $9.6 million of charges under the 2020 Plan through June 30, 2022.

2021 Restructuring

During fiscal 2021, the Company continued its cost reduction initiative begun in the third quarter of fiscal 2020 and recorded related severance, benefits, and equipment relocation charges of $1.5 million, related to the 2020 Plan. In addition, the Company incurred facility-related charges of $1.1 million, which represented additional expenses related to previously impaired facilities. Severance and benefits charges consisted primarily of additional employee severance and benefit expenses incurred under the 2020 Plan. With the reduction and realignment of the headcount under the 2020 Plan, the Company relocated certain of its lab equipment to third-party consulting companies. The Company had incurred $9.6 million of charges under the 2020 Plan through June 30, 2021.

2020 Restructuring and Impairment

During fiscal 2020, the Company moved to reduce its operating expenses by exiting a floor in its San Jose, California facility and consolidating its workforce. Also, the Company exited additional space in its Salem, New Hampshire facility, which includes general office and lab space. The Company continued its initiative to realign its operations resulting from the acquisition of Aerohive and consolidating its workforce and exiting the facility it acquired from Aerohive in Milpitas, California which includes general office and lab space. The Company had the intent and ability to sub-lease these facilities which it had ceased using and as such, had considered estimated future sub-lease income based on its existing lease agreements, as well as the local real estate market conditions, in measuring the amount of asset impairment. The Company also factored into its estimate the time for a sub-lease tenant to enter into an agreement and complete any improvements.

With the global disruptions and slow-down in the demand of its products caused by the global pandemic outbreak, COVID-19, and the uncertainty around the timing of the recovery of the market, the Company initiated a reduction-in-force plan (the 2020 Plan) to reduce its operating costs and enhance financial flexibility. The plan affected approximately 320 employees primarily from the research and development and sales organizations who were located mainly in the U.S. and India. The Company recorded restructuring charges of $8.1 million during the fiscal year ended June 30, 2020 related to the 2020 Plan. The Company incurred additional charges related to this 2020 Plan through the first quarter of fiscal 2021, which primarily included employee severance and benefit expenses. The Company recorded additional severance and benefits charges of $5.4 million for the fiscal year ended June 30, 2020 related to the previous year’s restructuring plans. In total the Company incurred $13.5 million in restructuring charges for the year ended June 30, 2020 which were all severance and benefit related. In addition, the Company recorded facility impairment related charges of $8.5 million for the fiscal year ended June 30, 2020 which included $6.7 million for the impairment of ROU assets as referenced in the preceding paragraph, $0.9 million for impairment of long-lived assets, and $0.9 million of other charges related to previously impaired facilities.

Restructuring liabilities consist of (in thousands):

	Excess Facilities			Severance and Other			Total
Balance as of June 30, 2019	$	1,764		$	3,559		$	5,323
Period charges		—			14,875			14,875
Period reversals		—			(1,369	)		(1,369	)
Reclassification to reduce operating lease assets		(1,764	)		—			(1,764	)
Period payments		—			(14,846	)		(14,846	)
Balance at June 30, 2020	$	—		$	2,219		$	2,219
Period charges		—			1,597			1,597
Period reversals		—			(128	)		(128	)
Period payments		—			(3,417	)		(3,417	)
Balance at June 30, 2021	$	—		$	271		$	271
Period charges		—			12			12
Period reversals		—			(41	)		(41	)
Period payments		—			(242	)		(242	)
Balance at June 30, 2022	$	—		$	—		$	—

Leases (Summary of Activity and Other Information Relating to Operating Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease costs	$ 16,852	$ 18,840
Variable lease costs	6,921	6,487
Cash paid for amounts included in the measurement of operating liabilities	20,890	22,676
ROU assets obtained for new lease obligations	$ 18,641	$ 2,162
Weighted average remaining lease term (in years)	4 years 9 months 18 days	3 years 8 months 12 days
Weighted Average Discount Rate	4.70%	4.50%

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) before Income Tax, Domestic and Foreign

Income (loss) before income taxes is as follows (in thousands):

	Year Ended
	June 30,			June 30,			June 30,
	2022			2021			2020
Domestic	$	(1,204	)	$	(4,194	)	$	(143,651	)
Foreign		53,398			14,379			23,159
Income (loss) before income taxes	$	52,194		$	10,185		$	(120,492	)

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for the years ended June 30, 2022, 2021 and 2020 consisted of the following (in thousands):

	Year Ended
	June 30,			June 30,		June 30,
	2022			2021		2020
Current:
Federal	$	—		$	—	$	(22	)
State		1,069			1,160		256
Foreign		6,460			5,334		4,597
Total current		7,529			6,494		4,831
Deferred:
Federal		396			324		333
State		227			1,169		44
Foreign		(229	)		262		1,145
Total deferred		394			1,755		1,522
Provision for income taxes	$	7,923		$	8,249	$	6,353

Schedule of Effective Income Tax Rate Reconciliation

	Year Ended
	June 30,			June 30,			June 30,
	2022			2021			2020
Tax at federal statutory rate	$	10,960		$	2,139		$	(25,303	)
State income tax, net of federal benefit		844			917			202
Global Intangible Low-Taxed Income (GILTI)		15,470			—			4,094
US valuation allowance change – deferred tax movement		(13,795	)		(9,387	)		2,414
Research and development credits		(3,122	)		(2,423	)		(4,947	)
Tax impact of foreign earnings		(3,762	)		11,979			2,831
Foreign withholding taxes		1,032			828			762
Stock based compensation		(5,011	)		1,162			4,349
Goodwill amortization		525			1,467			331
Nondeductible officer compensation		4,589			1,496			862
Nondeductible meals and entertainment		193			71			364
AMT credit monetization		—			—			(22	)
Gain on transfer of intellectual property		—			—			19,819
Other		—			—			597
Provision for income taxes	$	7,923		$	8,249		$	6,353

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets are as follows (in thousands):

	June 30,
	2022			2021			2020
Deferred tax assets:
Net operating loss carry-forwards	$	51,494		$	69,126		$	74,548
Tax credit carry-forwards		70,683			68,003			67,364
Depreciation		2,093			3,113			2,755
Intangible amortization		29,538			35,340			32,642
Deferred revenue		15,928			11,625			7,610
Inventory write-downs		13,121			14,501			13,014
Other allowances and accruals		26,508			28,899			32,318
Stock based compensation		2,746			2,792			3,169
Deferred intercompany gain		3,693			3,693			3,693
Ireland goodwill amortization		5,583			6,303			7,132
Other		244			1,175			888
Total deferred tax assets		221,631			244,570			245,133
Valuation allowance		(209,727	)		(230,588	)		(232,862	)
Total net deferred tax assets		11,904			13,982			12,271
Deferred tax liabilities:
Goodwill amortization		(10,415	)		(8,575	)		(6,691	)
Prepaid commissions		(3,931	)		(3,166	)		(1,958	)
Deferred tax liability on foreign withholdings		(676	)		(578	)		(551	)
Total deferred tax liabilities		(15,022	)		(12,319	)		(9,200	)
Net deferred tax assets	$	(3,118	)	$	1,663		$	3,071
Recorded as:
Net non-current deferred tax assets		4,599			5,491			5,405
Net non-current deferred tax liabilities		(7,717	)		(3,828	)		(2,334	)
Net deferred tax assets	$	(3,118	)	$	1,663		$	3,071

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of total unrecognized tax benefits is as follows (in thousands):

Balance at June 30, 2019	$	17,168
Increase related to prior year tax positions		8,906
Increase related to current year tax positions		44
Decrease related to prior year tax positions		(1,800	)
Lapse of statute of limitations		(421	)
Balance at June 30, 2020		23,897
Decrease related to prior year tax positions		(4,296	)
Increase related to prior year tax positions		28
Increase related to current year tax positions		72
Lapse of statute of limitations		(637	)
Balance at June 30, 2021	$	19,064
Decrease related to prior year tax positions		(34	)
Increase related to prior year tax positions		-
Increase related to current year tax positions		11
Lapse of statute of limitations		(674	)
Balance at June 30, 2022	$	18,367

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

Jun. 30, 2022

Sep. 14, 2021

Jun. 30, 2021

Jun. 30, 2020

$ 400,144

$ 331,159

Ipanema

Cash and cash equivalents

1,364

$ 1,364

Accounts receivable, net

1,434

1,440

Prepaid expenses and other current assets

274

337

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

Total intangible assets acquired

68,985

56,649

85,285

72,949

Total net assets acquired

70,881

$ 70,881

Ipanema | Adjustments [Member]

Accounts receivable, net

^[1]

(6)

Prepaid expenses and other current assets

^[1]

(63)

^[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)

Total intangible assets acquired

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

12,336

$ 12,336

Aerohive Networks, Inc.

Cash and cash equivalents

44,158

Short-term investments

45,148

Accounts receivable, net

11,753

Prepaid expenses and other current assets

19,232

3,924

Property and equipment

2,364

Operating lease right-of-use assets

6,336

Other assets

2,195

Debt

(20,000)

Accounts payable

(9,737)

Accrued compensation and benefits

(7,129)

Accrued warranty

(570)

Other accrued liabilities

(1,960)

Operating lease liabilities

(4,752)

Deferred revenue

(68,415)

Other liabilities

(483)

Net tangible assets

22,064

Identifiable intangible assets

52,500