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0
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">The following is a summary of the Company’s short-term investments (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">June 30, 2016</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Amortized<br /></b><b>Cost</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Unrealized<br /></b><b>Gains</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Unrealized<br /></b><b>Losses</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">Fair Value</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Corporate bonds and commercial paper</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,359</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">9</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(5</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,363</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">U.S. Government agency securities</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">20,038</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">32</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">20,070</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Total short-term investments</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">46,397</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">41</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(5</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">46,433</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Amortized<br /></b><b>Cost</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Unrealized<br /></b><b>Gains</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Unrealized<br /></b><b>Losses</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">Fair Value</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Corporate bonds and commercial paper</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">4</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Total short-term investments</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">4</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
1325000
18290000
46397000
8021000
8021000
26359000
20038000
28107000
6696000
2016-01-06
2015-11-16
933000
386000
164000
3301000
1174000
966000
224000
227000
0
0
111000
361313000
361412000
0
-17006000
-26427000
-0.41
-0.26
-0.26
-0.41
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div>The pro forma financial information as presented below is for informational purposes only and is not indicative of the results of operations that would have been achieved if the Corvisa acquisition had taken place at the beginning of fiscal 2015.</div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 9px; padding-right: 0px;"><b>(Unaudited)<br /></b><b>Twelve Months Ended<br /></b><b>June 30,</b></div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 9px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;"><b>(in thousands, except<br /></b><b>per share amounts)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">361,313</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">361,412</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Net loss</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(17,006</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(26,427</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Basic and diluted net loss per share</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.26</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.41</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>2.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>BUSINESS COMBINATIONS</b></td></tr></table><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">M5 Networks Australia Pty Ltd Acquisition</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">On November 16, 2015, the Company acquired all of the outstanding common stock of M5 Networks Australia Pty Ltd. (“M5 Australia”), a privately-held company based in Australia and a provider of hosted unified communications solutions, for a total cash consideration of $6.1 million (8.5 million Australian dollars). The acquisition accelerates the Company’s growth and expansion of providing hosted unified communications services in Australia.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In accordance with ASC 805, <i>Business Combinations</i>, the acquisition of M5 Australia was recorded as a purchase acquisition. Under the purchase method of accounting, the fair value of the consideration was allocated to assets and liabilities assumed at their fair values. The excess of the preliminary fair value of consideration paid over the preliminary fair values of net assets and liabilities acquired and identifiable intangible assets resulted in recognition of goodwill of approximately $5.2 million. The goodwill consists largely of expected expansion of the customer base and market share within the Australian hosted communications industry. The goodwill recorded is not deductible for income tax purposes.</p><p class="h2" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Preliminary Purchase Price Allocation</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The total purchase price was preliminarily allocated to M5 Australia’s net tangible and identifiable intangible assets based on their estimated fair values as of November 16, 2015 as set forth below. The primary areas of the purchase price allocation that are not yet finalized relate to deferred taxes and goodwill. The following is the preliminary purchase price allocation (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 7px;">(in thousands)</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 7px; padding-right: 0px;"><b>Estimated useful lives<br /></b><b>(in years)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Cash acquired</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">224</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other current assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">386</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Intangible assets:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Customer relationships</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,300</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Goodwill</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,210</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other long-term assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">164</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other liabilities assumed</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(1,174</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">6,110</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Valuing certain components of the acquisition required the Company to make estimates that may be adjusted in the future, if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets and liabilities as of that date. Consequently, the purchase price allocation is considered preliminary. Final determination of these estimates could result in an adjustment to the preliminary purchase price allocation, with an offsetting adjustment to goodwill. Measurement period adjustments will be recorded in the period in which the adjustment amounts are determined.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company recognized $0.3 million associated with legal, accounting, consulting and other costs directly related to the acquisition as acquisition-related costs within the Consolidated Statement of Operations for fiscal 2016.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The results of operations of M5 Australia have been included in the Company’s consolidated statements of operations from the acquisition date, though revenue and gross margin from M5 Australia were not material for the fiscal 2016. Due to the continued integration of the combined business, it is impractical to determine the earnings from M5 Australia beyond the measure of gross profit. Pro forma results of operations have not been presented because the acquisition was not material to our results of operations.</p><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Corvisa LLC Acquisition</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">On January 6, 2016, the Company acquired all of the outstanding membership interest in Corvisa LLC (“Corvisa”), a provider of cloud-based communications solutions, for total cash consideration of $8.7 million. The acquisition accelerates the Company’s growth and expansion of its hosted unified communications service offering.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In accordance with ASC 805, <i>Business Combinations</i>, the acquisition of Corvisa was recorded as a purchase acquisition. Under the purchase method of accounting, the fair value of the consideration was allocated to assets and liabilities assumed at their fair values. The fair value of purchased identifiable intangible assets was derived from model-based valuations from significant unobservable inputs (“Level 3 inputs”) determined by management. The fair value of purchased identifiable intangible assets was determined using the Company’s discounted cash flow models from operating projections prepared by management using a market participant rate of 35.0%. The excess of the preliminary fair value of consideration paid over the preliminary fair values of net assets and liabilities acquired and identifiable intangible assets resulted in recognition of goodwill of approximately $1.5 million. The goodwill consists largely of expected expansion of the customer base and market share within hosted communications industry. The goodwill recorded is deductible for income tax purposes.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The total purchase price was preliminarily allocated to Corvisa’s net tangible and identifiable intangible assets based on their estimated fair values as of January 6, 2016 as set forth below. The primary areas of the purchase price allocation that are not yet finalized relate to property and equipment, contingency accruals, deferred taxes and goodwill. The following is the preliminary purchase price allocation (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 7px;">(in thousands)</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 7px; padding-right: 0px;"><b>Estimated useful lives<br /></b><b>(in years)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Cash acquired</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">227</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other current assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">933</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Intangible assets:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Existing technology</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,400</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Customer relationships</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">100</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Favorable leases</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">178</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Goodwill</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,489</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other long-term assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,301</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other liabilities assumed</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(966</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,662</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Valuing certain components of the acquisition required us to make estimates that may be adjusted in the future, if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets and liabilities as of that date. Consequently, the purchase price allocation is considered preliminary. Final determination of these estimates could result in an adjustment to the preliminary purchase price allocation, with an offsetting adjustment to goodwill. Measurement period adjustments will be recorded in the period in which the adjustment amounts are determined.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company recognized $1.2 million associated with legal, accounting, consulting and other costs directly related to the acquisition as acquisition-related costs within the Consolidated Statement of Operations for fiscal 2016.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The results of operations of Corvisa have been included in the Company’s consolidated statements of operations from the acquisition date, though revenue and gross margin from Corvisa were not material for fiscal 2016. Due to the continued integration of the combined business, it is impractical to determine the earnings from Corvisa beyond the measure of gross profit.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The unaudited pro forma financial information in the table set forth below summarizes the combined results of operations for the Company and its Corvisa acquisition as though Corvisa was combined as of the beginning of fiscal 2015. The pro forma financial information for the period presented also includes the business combination accounting effects resulting from the acquisition primarily related to amortization charges from acquired intangible assets. The pro forma financial information below is also adjusted to exclude the Company’s non-recurring acquisition-related costs of $1.2 million incurred in fiscal 2016 and included the year to date total in fiscal 2015. The pro forma financial information as presented below is for informational purposes only and is not indicative of the results of operations that would have been achieved if the Corvisa acquisition had taken place at the beginning of fiscal 2015.</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 9px; padding-right: 0px;"><b>(Unaudited)<br /></b><b>Twelve Months Ended<br /></b><b>June 30,</b></div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 9px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;"><b>(in thousands, except<br /></b><b>per share amounts)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">361,313</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">361,412</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Net loss</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(17,006</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(26,427</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Basic and diluted net loss per share</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.26</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.41</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr></table></div>
3400000
178000
100000
1300000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Business Combinations</i> – The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions as part of the purchase price allocation process to accurately value assets acquired and liabilities assumed at the acquisition date, the Company’s estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill to the extent the Company identifies adjustments to the preliminary purchase price allocation. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of operations.</p></div>
0
0
1489000
300000
1200000
8662000
6110000
8500000
998000
1318000
1032000
58200000
78100000
82162000
61726000
53472000
43775000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Cash and Cash Equivalents</i> - The Company considers all highly liquid investments purchased with an original or remaining maturity of less than three months at the date of purchase to be cash equivalents. The Company’s cash and cash equivalents are maintained with various financial institutions.</p></div>
28690000
9697000
-20436000
3533000
4025000
0
3533000
0
0
0
4025000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>13.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>LITIGATION, COMMITMENTS AND CONTINGENCIES</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Litigation</i> — As of June 30, 2016, the Company is involved in litigation relating to claims arising out of the ordinary course of business or otherwise. Any litigation, regardless of outcome, is costly and time-consuming, can divert the attention of management and key personnel from business operations, deter distributors from selling the Company’s products and dissuade potential customers from purchasing the Company’s products. The Company defends itself vigorously against any such claims. With the exception of the items specifically noted herein, due to the uncertainty surrounding the litigation process, the Company is unable to estimate a range of loss, if any, at this time, however the Company does not believe a material loss is probable.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">On September 15, 2011, a lawsuit was filed against the Company and several other companies in the United States District Court for the Eastern District of Texas by a patent holding company alleging patent infringement. On July 22, 2015, the Company and the plaintiff executed settlement and license agreements. On July 23, 2015, the Company and the plaintiff filed a stipulation with the Court to dismiss all claims and counterclaims with prejudice, which the Court granted on July 31, 2015. <font style="font-size: 10pt; font-family: 'Times New Roman'; background-color: #ffffff;">The Company recorded a $1.0 million </font>charge related to past damages related to the settlement and license agreements. This charge is classified as product cost of revenue within the consolidated statement of operations for the fiscal year ended June 30, 2015. The settlement and license agreements also include an ongoing royalty on certain products which are not expected to have a material impact on the Company’s financial results.</p><div style="background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman'; text-align: left; text-indent: 24.5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Arbitration </font>— In addition, on March 21, 2013, the Company provided Fortis Advisors LLC (“Fortis”), as representative of the former shareholders of M5 Networks, Inc. (“M5”), with a Claim Certificate disclosing certain claims for indemnification under the January 31, 2012 Agreement and Plan of Reorganization between M5 and the Company (the “Purchase Agreement”). Thereafter, the Company and Fortis engaged in negotiations in an attempt to resolve the indemnification claims asserted by the Company. In September 2013, the Company received notice of commencement of an arbitration proceeding by Fortis on behalf of the former shareholders of M5.  Through the arbitration, Fortis sought a declaration that the Company’s claims for indemnification be precluded. On October 11, 2013, the Company served its response, denying all of Fortis’ allegations and asserting counterclaims for breach of the Purchase Agreement and declaratory relief. The arbitrator held a hearing with the parties from October 13, 2014 through October 16, 2014, addressing certain of the Company’s claims. The arbitrator issued his ruling on the matter on December 5, 2014.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman'; text-align: left; text-indent: 24.5pt;">On February 19, 2015, the Company and Fortis entered into an agreement to settle the escrow claim with a payout in cash to the Company in the amount of $2.1 million, with all other cash and shares held in escrow being released to the former shareholders of M5. As the settlement payout ratio of cash and stock mix differed from the Purchase Agreement, the Company recognized a $0.7 million modification accounting charge related to the change in fair value of foregone stock per the Purchase Agreement. The fair value of the common stock was measured using the closing price of our common stock as of February 19, 2015, the final settlement date.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman'; text-align: left; text-indent: 24.5pt;">Per the Purchase Agreement, the non-prevailing party was required to reimburse professional fees of the prevailing party. The arbitration ruling in December 2014 determined the former M5 shareholders to be the prevailing party, thus the Company was deemed to be required to reimburse professional fees incurred by former M5 shareholders related to the escrow proceedings. The Company and Fortis entered into an agreement to settle the professional fee reimbursement for $2.5 million, as such, the Company recognized this amount as a professional fee reimbursement charge classified as settlements and defense fees within the consolidated statement of operations for the fiscal year ended June 30, 2015.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman'; text-align: left; text-indent: 24.5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-style: italic;">Indemnification asset — </font>As a result of the arbitration settlement made between the parties noted above, the Company recorded an impairment of the related indemnification asset to adjust the carrying value to the amount it realized from the related escrow proceeds. During fiscal 2015, the Company recorded an impairment charge of $3.6 million classified as settlements and defense fees within the consolidated statement of operations. The carrying amount of the indemnification asset was zero at June 30, 2015 as the settlement amount of $2.1 million was received during the fiscal year ended June 30, 2015.</div></div><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Contingencies — </i>During the three months ended December 31, 2014 the Internal Revenue Service (“IRS”) issued a Notice of Proposed Adjustment (“NOPA”) resulting from a withholding tax audit of payments made to non-U.S. vendors during calendar years 2008 through 2012. The NOPA asserts a liability for under-withheld tax of approximately $2.0 million, plus related penalties and estimated interest of approximately $1.3 million. While the Company disagrees with a majority of the IRS’ assertions and proposed liability, the Company accrued for the probable liability and recorded an expense classified as settlements and defense fees within the consolidated statement of operations of $0.1 million and $1.1 million for the fiscal years ended June 30, 2016 and 2015.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Settlements and defense fees </i>— Settlements and defense fees within the consolidated statement of operations of $0.1 million for the fiscal year ended June 30, 2016 were comprised of an IRS proposed adjustment. Settlements and defense fees within the consolidated statement of operations of $8.5 million for the fiscal year ended June 30, 2015 were comprised of a $3.6 million impairment of the indemnification asset charge, a $2.5 million charge for professional fee reimbursement, a $0.7 million modification accounting charge related to the change in fair value of foregone stock per the Purchase Agreement, $1.1 million related to an IRS proposed adjustment and $0.6 million in professional fees incurred in connection with an unsolicited acquisition proposal. There were no corresponding charges for fiscal 2014.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Leases</i> - The Company leases its facilities under noncancelable operating leases which expire at various times through 2023. The leases provide for the lessee to pay all costs of utilities, insurance, and taxes. Future minimum lease payments under the noncancelable operating leases as of June 30, 2016, are as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; border-bottom: #000000 1pt solid; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 8px;">Years Ending June 30,</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; border-bottom: #000000 1pt solid; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 8px; padding-right: 0px;"><b>Operating<br /></b><b>leases</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2017</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,744</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2018</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6,749</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2019</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,289</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2020</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,873</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,097</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">Therafter</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,724</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">Total minimum lease payments</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">27,476</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Lease obligations for the Company’s foreign offices are denominated in foreign currencies, which were converted to U.S. dollars at the interbank exchange rate on June 30, 2016.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Rent expense for the years ended June 30, 2016, 2015, and 2014, was $5.4 million, $5.6 million and $4.2 million, respectively.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Purchase commitments</i> - The Company had purchase commitments with contract manufacturers for inventory and with technology firms for usage of software licenses totaling approximately $15.4 million and $14.9 million as of June 30, 2016 and 2015, respectively.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Indemnification -</i> Under the indemnification provisions of the Company’s customer agreements, the Company agrees to indemnify and defend its customers against infringement of any patent, trademark, or copyright or the misappropriation of any trade secret, arising from the customers’ legal use of the Company’s services. The exposure to the Company under these indemnification provisions is generally limited to the total amount paid by the customers under pertinent agreements. However, certain indemnification provisions potentially expose the Company to losses in excess of the aggregate amount received from the customer.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company also has entered into customary indemnification agreements with each of its officers and directors.</p></div>
67517000
65055000
500000000
500000000
378000
14974000
14596000
0.001
0.001
65055000
67391000
59168000
65055000
62824000
67391000
379871000
361691000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>16.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>EMPLOYEE 401(K) PLAN</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Employee 401(k) Plan - </i>The Company adopted a defined contribution retirement plan which has been determined by the Internal Revenue Service (“IRS”) to be qualified as a 401(k) plan (the “Plan”). The Plan covers substantially all employees. The Plan provides for voluntary tax deferred contributions of 1-20% of gross compensation, subject to certain IRS limitations. Effective January 1, 2015, the Company began matching employee contributions to the Plan on a dollar for dollar basis up to a maximum amount of $1,500 per year. Employer matching contributions made by the Company vest immediately. Our employer matching contributions to the Plan were $1.1 million and $0.5 million for the fiscal year ended June 30, 2016 and 2015, respectively. There were no such contributions made during fiscal 2014.</p></div>
-4760000
-4401000
-1048000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Accumulated Other Comprehensive Income (Loss)</i> – Accumulated other comprehensive income (loss) only includes unrealized gains and losses on the Company’s available-for-sale securities.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Concentration of Credit Risk</i> - Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents, short-term investments and accounts receivable. As of June 30, 2016, substantially all of the Company’s cash and cash equivalents and short-term investments were managed by multiple financial institutions. Accounts receivable are typically unsecured and are derived from revenue earned from customers. The Company performs ongoing credit evaluations of its customers and maintains allowances for potential credit losses. At June 30, 2016 and June 30, 2015 one value-added distributor accounted for 42% and 33% of the total accounts receivable, respectively.</p></div>
0.42
0.33
0.26
0.25
0.27
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Principles of Consolidation -</i> The accompanying consolidated financial statements include the accounts of the Company’s wholly owned subsidiaries located worldwide. All transactions and balances between the parent and the subsidiaries have been eliminated in consolidation.</p></div>
141107000
136393000
132464000
16866000
19199000
17453000
65470000
51881000
63253000
656000
986000
576000
166000
299000
685000
336000
100000
528000
74000
159000
-129000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>7.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>LINE OF CREDIT</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">On October 22, 2014 the Company entered into an Amended and Restated Credit Agreement which was further amended on December 1, 2014 and again on August 5, 2015 (“New Credit Facility”). This New Credit Facility replaces the Company’s previous credit facility. The New Credit Facility includes a revolving loan facility for an aggregate principal amount not exceeding $100.0 million. The New Credit Facility matures on October 22, 2019 and is payable in full upon maturity. The amounts borrowed and repaid under the New Credit Facility are available for future borrowings. The borrowings under the New Credit Facility accrue interest (at the election of the Company) either at (i) the London interbank offered rate then in effect, plus a margin of between 1.50% and 2.25%, which is based on the Company’s consolidated EBITDA (as defined in the New Credit Facility), or (ii) the higher of (a) the bank’s publicly-announced prime rate then in effect and (b) the federal funds rate plus 0.50%, in each case of (a) or (b), plus a margin of between 0.00% and 0.50%, which will be based upon the Company’s consolidated EBITDA. The Company also pays commitment fees during the term of the New Credit Facility which vary depending on the Company’s consolidated EBITDA. The New Credit Facility is secured by substantially all of the Company’s assets. As of June 30, 2016, the Company had $73.6 million available for borrowing under the New Credit Facility.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The New Credit Facility contains customary affirmative and negative covenants, including compliance with financial ratios and metrics. The New Credit Facility and the related amendment requires the Company to maintain a minimum ratio of liquidity to its indebtedness (each as defined in the New Credit Facility) and varying amounts of Liquidity and Consolidated EBITDA specified in the New Credit Facility throughout the term of the agreement. The Company was in compliance with all such covenants as of June 30, 2016.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">As of June 30, 2016, no amounts were outstanding under the New Credit Facility. The Company amortizes deferred financing costs to interest expense on a straight-line basis over the term of the New Credit Facility.</p></div>
0
0.0225
0.005
0.015
0.005
17000
0
0
10000
-25000
-115000
50616000
56765000
-96000
-25000
10000
1000000
57967000
59465000
12807000
77705000
2912000
5433000
10396000
71275000
20940000
20659000
4282000
1927000
4367000
1841000
29015000
26990000
71254000
70580000
85000
0
2000
0
12105000
11295000
14309000
10285000
20659000
17176000
86000
1927000
4282000
69413000
66213000
1500
0.2
0
1100000
500000
18286000
19072000
20506000
8400000
10600000
11900000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>15.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In the normal course of business, the Company is exposed to fluctuations in interest rates and the exchange rates associated with foreign currencies. During fiscal 2016, the Company used derivative instruments to reduce the volatility of earnings associated with changes in foreign currency exchange rates. The Company used foreign exchange forward contracts to mitigate the gains and losses generated from the re-measurement of certain foreign monetary assets and liabilities, primarily including cash balances, third party accounts receivable and intercompany transactions recorded on the balance sheet. These derivatives are not designated and do not qualify as hedge instruments. Accordingly, changes in the fair value of these instruments are recognized in other income and expenses during the period of change. These derivatives have maturities of approximately one month. The foreign exchange forward contracts outstanding as of June 30, 2016 were entered into by the Company on the last business day of the period. Given the relatively short duration such contracts are outstanding in relation to changes in potential market rates; the change in the fair value is not material and is not reflected either as an asset or a liability.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table presents the gross notional value of all our foreign exchange forward contracts outstanding as of June 30, 2016 and 2015 (in thousands).</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 0px;">June 30, 2016</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 10px; padding-right: 10px;"><b>Local Currency<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 10px; padding-right: 0px;"><b>Notional<br /></b><b>Contract<br /></b><b>Amount (USD)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Australian dollar</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,800</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,316</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">British pound</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">£</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">830</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,088</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Canadian dollar</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">940</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">718</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Euro</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">€ </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,500</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,650</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">4,772</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><div> </div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 10px; padding-right: 10px;"><b>Local Currency<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 10px; padding-right: 0px;"><b>Notional<br /></b><b>Contract<br /></b><b>Amount (USD)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Australian dollar</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,420</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,840</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">British pound</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">£</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">910</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,429</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Canadian dollar</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">750</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">596</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Euro</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">€ </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,550</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,708</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">5,573</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
P1M
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>11.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>EMPLOYEE BENEFIT PLANS</b></td></tr></table><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Equity Stock Incentive Plans</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 28.5pt;">The Company grants nonqualified (“NQSO”) and incentive stock options (“ISOs”), restricted stock awards, and restricted stock units to officers, directors, employees and consultants under the 2015 Equity Incentive Plan (“2015 Plan”), which is the successor to the 2007 Equity Incentive Plan (“2007 Plan”). The 2015 Plan provides for the granting of ISOs and NQSOs for over a period not to exceed ten years and at exercise prices that are not less than 100% and 85%, respectively, of the estimated fair market value of the Company’s common stock on the date of grant as determined by the Board of Directors. The 2007 Plan provided for the granting of ISOs and NQSOs for over a period not to exceed ten years and at exercise prices that are not less than 100% of the estimated fair market value of the Company’s common stock on the date of grant as determined by the Board of Directors. Stock options issued under the 2015 Plan and 2007 Plan generally vest 25% at one year and then 1/36<sup style="font-size: x-small; vertical-align: text-top; line-height: 1;">th</sup> monthly thereafter, and restricted stock units issued under the 2015 Plan and 2007 Plan generally vest 25% at one, two, three and four years.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The 2007 Plan provided for automatic annual increases of shares available for issuance. In fiscal 2015, the Board of Directors increased the number of shares authorized and available for issuance under the 2007 Plan by 3.2 million shares pursuant to the automatic increase provision. The Company has ceased making grants under the 2007 Plan upon adoption of the 2015 Plan. As of June 30, 2016, the Company had 6.4 million shares of common stock available for future issuance under the 2015 Plan.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes the Company’s stock option activities for the fiscal year ended June 30, 2016 (in thousands, except per share amounts):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Shares<br /></b><b>Subject to<br /></b><b>Options<br /></b><b>Outstanding</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Weighted-<br /></b><b>Average<br /></b><b>Exercise<br /></b><b>Price</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Weighted-<br /></b><b>Average<br /></b><b>Remaining<br /></b><b>Contractual<br /></b><b>Term<br /></b><b>(in years)</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 0px;"><b>Aggregate<br /></b><b>Intrinsic<br /></b><b>Value</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Balance at July 1, 2015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6,263</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.72</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Options granted</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,836</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.42</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Options exercised</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,341</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.87</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Options cancelled/forfeited</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(490</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.79</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Balance at June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">6,268</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.77</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,378</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Options exercisable at June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">3,469</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.86</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.41</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,499</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Vested and expected to vest at June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">5,388</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.19</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.47</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,232</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The weighted-average grant-date fair value of options granted during the years ended June 30, 2016, 2015, and 2014 was $3.22, $3.02, and $2.86, respectively. The total intrinsic value of options exercised in the years ended June 30, 2016, 2015, and 2014 was $4.9 million, $3.2 million, and $7.3 million, respectively, and represents the difference between the fair value of the Company’s common stock at the dates of exercise and the exercise price of the options.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes information about outstanding and exercisable options at June 30, 2016 (in thousands, except years and exercise prices):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">Options Outstanding</div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">Options Exercisable</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 4px;">Exercise Prices</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Number<br /></b><b>Outstanding</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Weighted<br /></b><b>Average<br /></b><b>Remaining<br /></b><b>Contractual<br /></b><b>Life (Years)</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Weighted<br /></b><b>Average<br /></b><b>Exercise<br /></b><b>Price</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Number<br /></b><b>Outstanding</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 0px;"><b>Weighted<br /></b><b>Average<br /></b><b>Exercise<br /></b><b>Price</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$3.20 - 4.25</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">523</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.02</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3.94</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">458</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3.94</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$4.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">710</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.73</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">571</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$4.35 - 5.08</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">677</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.84</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.66</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">606</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.68</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$5.10 - 6.39</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">655</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.77</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.48</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">479</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.42</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$6.40 - 6.61</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">760</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.16</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.58</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">423</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.57</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$6.62 - 7.10</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">680</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">8.20</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.78</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">203</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.70</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$7.11 - 7.35</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">804</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">8.50</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">14</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.26</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$7.41 - 7.60</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">627</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">9.02</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.44</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">53</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.45</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$7.63 - 9.98</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">669</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.12</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">8.56</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">499</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">8.35</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$10.37 - 13.73</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">163</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2.15</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">11.20</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">163</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">11.20</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">6,268</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.77</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">3,469</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.86</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Stock-based Compensation</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company estimates the fair value of stock options using the Black-Scholes option-pricing model, which requires the use of the following assumptions: (i) the expected volatility of the Company’s common stock, which is based on a blended rate of the Company’s own common stock volatility and the volatility data of certain peer companies; (ii) the expected term which is the period that the Company’s stock-based awards are expected to be outstanding based on Company’s actual historic grant, exercise, and post-vesting forfeiture data; (iii) an expected dividend yield, which is assumed to be 0% as the Company has not paid and, as of the date of grant, did not anticipate paying dividends in the foreseeable future; and (iv) a risk-free interest rate, which is based on the U.S. Treasury yield curve in effect on the date of grant for zero coupon U.S. Treasury notes with maturities approximately equal to expected term of the option award. The fair value of each option is estimated on the date of grant using the Black-Scholes option valuation method, with the following assumptions:</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">2016</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">2015</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Expected life from grant date of option</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">5.09-5.13 years</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">5.04-5.09 years</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 0px;">4.98-5.44 years</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Risk-free interest rate</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">1.24-1.59%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">1.45-1.70%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 0px;">1.44-1.66%</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Expected volatility</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">46-48%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">49-50%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 0px;">51-66%</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Expected dividend yield</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">0%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">0%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 0px;">0%</div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">As of June 30, 2016 total unrecognized compensation cost related to stock options granted to employees and non-employee directors was $3.4 million, net of estimated forfeitures, which the Company expects to recognize over 2.6 years.</p><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Employee Stock Purchase Plan</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The employee stock purchase plan (the “ESPP”) allows eligible employees to purchase shares of the Company's common stock at a discount through payroll deductions. The ESPP consists of six-month offering periods commencing on May 1st and November 1st of each year. Under the ESPP, employees purchase shares of the Company's common stock at 85% of the market value at either the beginning of the offering period or the end of the offering period, whichever price is lower.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In February of fiscal 2016 and 2015, pursuant to the automatic increase provisions of the ESPP, the Company’s Board of Directors approved increases to the number of shares authorized and reserved for issuance under the ESPP by 393,538 shares and 641,464 shares, respectively.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The fair value of stock purchase rights granted under the ESPP is estimated using the Black-Scholes option pricing model, based on the following assumptions:</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 9px;">2016</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 9px;">2015</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Expected life from grant date of ESPP</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0.50 years</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0.50 years</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;">0.50 years</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Risk-free interest rate</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0.14-0.41%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0.06-0.09%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;">0.06-0.10%</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Expected volatility</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">29-37%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">35-43%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;">43-48%</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Expected dividend yield</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;">0%</div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Expenses related to shares issued under the ESPP are included in stock-based compensation expense. The Company issued 737,806 shares and 670,329 shares under the ESPP in fiscal 2016 and 2015, respectively, at a weighted average price per share of $5.51 and $6.19, respectively. As of June 30, 2016, total unrecognized compensation cost related to the ESPP plan was $0.4 million, which the Company expects to recognize over 0.5 years.</p><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Restricted Stock Awards and Restricted Stock Units</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Restricted stock award and restricted stock unit activity for the year ended June 30, 2016 is as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 11px; padding-right: 11px;">Shares</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 11px; padding-right: 0px;"><b>Weighted-<br /></b><b>Average<br /></b><b>Grant Date<br /></b><b>Fair Value</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Outstanding - July 1, 2015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,452</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Awarded</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,254</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.59</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Released</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(552</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.12</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Forfeited</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(227</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.47</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Outstanding - June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">1,927</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.99</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The grant-date fair value of restricted stock units granted during fiscal 2016, 2015 and 2014 was $9.3 million, $5.8 million and $4.5 million, respectively.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">As permitted under the 2007 Plan, in fiscal 2016, the Company issued 26,773 shares of restricted stock awards, with a fair value of $0.2 million, to non-employee directors electing to receive them in lieu of an annual cash retainer. These shares were issued quarterly and vest immediately upon issuance.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">As of June 30, 2016, total unrecognized compensation cost related to restricted stock awards and units awarded to employees and directors was $4.2 million, net of estimated forfeitures, which the Company expects to recognize over 2.6 years.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">At June 30, 2016, the Company had reserved shares of common stock for issuance as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Reserved under stock option plans</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">14,596</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Reserved under employee stock purchase plan</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">378</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">14,974</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
-0.02
-0.07
-0.07
0.01
0.04
0.03
-0.01
-0.11
-0.13
0.07
-0.04
0.01
0.03
0.01
0.04
-0.11
-0.04
0.07
-0.13
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>8.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>NET LOSS PER COMMON SHARE</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Basic net loss per share is determined by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is determined by dividing net loss by the weighted average number of common shares used in the basic net loss per common share calculation, plus the number of common shares that would be issued assuming conversion of all potentially dilutive securities outstanding under the treasury stock method.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per common share (in thousands other than per share amounts):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 3px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 3px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 3px;">Numerator:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Net loss</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(4,792</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(4,404</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(1,051</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 3px;">Denominator:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Weighted average common shares outstanding (basic and diluted)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">66,405</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">63,953</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">61,191</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Net loss per share<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Basic and diluted</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(0.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(0.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(0.02</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Anti-dilutive weighted shares related to stock-based options and awards excluded from the calculation of diluted shares were approximately 4.9 million, 3.8 million, and 4.2 million for the years ended June 30, 2016, 2015 and 2014 respectively.</p></div>
15311000
18925000
P0Y6M
P2Y7M6D
P2Y7M6D
400000
4200000
3400000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>6.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>FAIR VALUE DISCLOSURE</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal market (or most advantageous market, in the absence of a principal market) for the asset or liability in an orderly transaction between market participants at the measurement date. Further, entities are required to maximize the use of observable inputs and minimize the use of unobservable inputs in measuring fair value, and to utilize a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. The three levels of inputs used to measure fair value are as follows:</p><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 26px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;">•</td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;">Level 1 — Quoted prices in active markets for identical assets or liabilities.</td></tr></table><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 26px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;">•</td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;">Level 2 — Observable inputs other than quoted prices included within Level 1, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs other than quoted prices that are observable or are derived principally from, or corroborated by, observable market data by correlation or other means.</td></tr></table><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 26px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;">•</td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;">Level 3 — Unobservable inputs that are supported by little or no market activity, are significant to the fair value of the assets or liabilities, and reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.</td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The tables below set forth the Company’s financial instruments and liabilities measured at fair value on a recurring basis (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">June 30, 2016</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">Fair Value</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">Level 1</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">Level 2</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Level 3</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 5px;">Assets:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cash and cash equivalents:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Money market funds</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,533</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,533</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Short-term investments:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Corporate notes and commercial paper</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,363</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,363</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">U.S. Government agency securities</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">20,070</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">20,070</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total assets measured and recorded at fair value</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">49,966</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">3,533</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">46,433</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">The above table excludes $58.2 million of cash balances on deposit at banks.</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">Fair Value</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">Level 1</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">Level 2</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">Level 3</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 6px;">Assets:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Cash and cash equivalents:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Money market funds</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Short-term investments:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Corporate notes and commercial paper</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Total assets measured and recorded at fair value</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">12,050</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">4,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">The above table excludes $78.1 million of cash balances on deposit at banks.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">There were foreign exchange forward contracts (see Note 15) outstanding as of June 30, 2016 and 2015 which were entered into by the Company on the last day of the period. This fair value is not material.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Money market funds are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices in active markets. Short-term investments are classified within Level 2 of the fair value hierarchy because they are valued based on other observable inputs, including broker or dealer quotations, or alternative pricing sources. When quoted prices in active markets for identical assets or liabilities are not available, the Company relies on non-binding quotes from independent pricing services. Non-binding quotes are based on proprietary valuation models prepared by independent pricing services. These models use algorithms based on inputs such as observable market data, quoted market prices for similar instruments, historical pricing trends of a security as relative to its peers, internal assumptions of the independent pricing service and statistically supported models. The Company corroborates the reasonableness of non-binding quotes received from the independent pricing service by comparing them to the (a) actual experience gained from the purchases and redemption of investment securities, (b) quotes received on similar securities obtained when purchasing securities and (c) monitoring changes in ratings of similar securities and the related impact on the fair value. The types of instruments valued based on other observable inputs include U.S. government agency securities, corporate bonds, and commercial paper. The Company reviewed financial and non-financial assets and liabilities and concluded that there were no other-than-temporary impairment charges during fiscal 2016 and 2015. The Company reviews the fair value hierarchy on a quarterly basis. Changes in the ability to observe valuation inputs may result in a reclassification of levels of certain securities within the fair value hierarchy. The Company recognizes transfers into and out of levels within the fair value hierarchy as of the date in which the actual event or change in circumstances that caused the transfer occurs. There were no transfers between Level 1 and Level 2 of the fair value hierarchy for any of the periods presented.</p><p class="h4" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Assets and Liabilities That Are Measured at Fair Value on a Nonrecurring Basis</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Non-financial assets such as goodwill, intangible assets, and property, plant, and equipment are evaluated for impairment and adjusted to fair value using Level 3 inputs, only when impairment is recognized. Fair values are considered Level 3 when management makes significant assumptions in developing a discounted cash flow model based upon a number of considerations including projections of revenues, earnings and a discount rate. In addition, in evaluating the fair value of goodwill impairment, further corroboration is obtained using the Company’s market capitalization. There were no indicators of impairment during fiscal 2016, 2015 and 2014 that required a nonrecurring fair value analysis to be performed on non-financial assets.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Fair Value of Financial Instruments -</i> The carrying amounts of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, approximate their respective fair market values due to the short maturities of these financial instruments. Refer to Note 6 to the Consolidated Financial Statements for discussion of the methods used to determine the fair value of short-term investments. Refer to Note 7 to the Consolidated Financial Statements for discussion of the methods used to determine the fair value of the line of credit.</p></div>
13000
5513000
7911000
1390000
7770000
22217000
527000
10187000
163000
12251000
806000
18788000
15000
11049000
0
3919000
41970000
3640000
23523000
18874000
33563000
14513000
7508000
1390000
55780000
26644000
4446000
4446000
31434000
60758000
178000
24700000
23300000
P2Y
P8Y
P5Y
P6Y
P5Y
P3Y
477000
1267000
4010000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Fiscal Year End</i> - The Company operates on a fiscal year ending June 30.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Foreign Currency Translation</i> – The Company’s foreign operations are subject to exchange rate fluctuations and foreign currency transaction costs, however, the majority of sales transactions are denominated in U.S. dollars. The functional currency of the subsidiaries is the U.S. dollar. Foreign currency denominated sales, costs and expenses are recorded at the average exchange rates during the year. Gains or losses resulting from foreign currency transactions are included in the consolidated statements of operations within other income (expense), net.</p></div>
-97000
-145000
-466000
41778000
39778000
40356000
0
0
0
122750000
129449000
1489000
5210000
122750000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Goodwill and Purchased-Intangible Assets </i>- Goodwill is tested for impairment on an annual basis on June 30th and, when specific circumstances dictate, between annual tests. When impaired, the carrying value of goodwill is written down to fair value. The Company has a single reporting unit. The goodwill impairment test involves a two-step process. The first step, identifying a potential impairment, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying value of the reporting unit exceeds its fair value, the second step would need to be conducted; otherwise, no further steps are necessary as no potential impairment exists. The second step, measuring the impairment loss, compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. Any excess of the reporting unit goodwill carrying value over the respective implied fair value is recognized as an impairment loss. There was no impairment of goodwill identified in fiscal 2016, 2015 and 2014.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Purchased-intangible assets are amortized on a straight-line basis over the periods of benefit, ranging from two to eight years. The Company performs a review of purchased-intangible assets whenever events or changes in circumstances indicate that the useful life is shorter than it had originally estimated or that the carrying amount of assets may not be recoverable. If such facts and circumstances exist, the Company assesses the recoverability of purchased-intangible assets by comparing the projected undiscounted net cash flows associated with the related asset or group of assets over their remaining lives against their respective carrying amounts. Impairments, if any, are based on the excess of the carrying amount over the fair value of those assets. If the useful life of the asset is shorter than originally estimated, the Company accelerates the rate of amortization and amortizes the remaining carrying value over the new shorter useful life. There was no impairment of purchased-intangible assets identified in fiscal 2016, 2015 and 2014.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>5.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>GOODWILL AND INTANGIBLE ASSETS</b></td></tr></table><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Goodwill</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Goodwill represents the excess of the purchase price in a business combination over the fair value of tangible and intangible assets acquired. Goodwill amounts are not amortized.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes the changes in the carrying value of goodwill for the years ended June 30, 2016 and 2015.</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 15px; padding-right: 0px;">Total</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;">As of June 30, 2014</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">122,750</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;">As of June 30, 2015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">122,750</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;">Addition</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">6,699</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;">As of June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">129,449</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Intangible assets</p><p class="h3" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: normal; color: #000000; font-style: normal; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">The following is a summary of the Company’s intangible assets (in thousands):</p><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 3px;">June 30, 2016</div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Carrying‎<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Accumulated‎<br /></b><b>Amortization</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Net<br /></b><b>Carrying‎<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Carrying‎<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Accumulated‎<br /></b><b>Amortization</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 0px;"><b>Net<br /></b><b>Carrying‎<br /></b><b>Amount</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Patents</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,446</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(3,919</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">527</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,446</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(3,640</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">806</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Technology</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">31,434</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(23,523</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,911</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,644</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(18,874</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,770</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Customer relationships</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">24,700</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(14,513</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">10,187</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">23,300</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(11,049</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">12,251</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Intangible assets in process and other</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">178</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(15</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">163</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,390</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,390</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Intangible assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">60,758</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(41,970</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">18,788</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">55,780</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(33,563</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">22,217</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div><div> </div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">The intangible assets are being amortized over useful lives ranging from 2 years to 8 years.</div><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Certain internally developed software became available for general release to customers during fiscal 2016; at which time, an aggregate of $1.4 million in software development costs were transferred from intangible assets in process to technology in the table above, and the amortization expense is being recognized related to these capitalized software costs.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Amortization of intangible assets for the years ended June 30, 2016, 2015 and 2014 was $8.4 million, $8.1 million and $9.8 million, respectively.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The estimated future amortization expenses for intangible assets, excluding intangible assets in process and other, for the next five years and thereafter are as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; border-bottom: #000000 1pt solid; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 9px;">Years Ending June 30,</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; border-bottom: #000000 1pt solid; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;"></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2017</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,508</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2018</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,513</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2019</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,010</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2020</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,267</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">477</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Thereafter</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">13</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">18,788</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
6699000
218563000
227820000
201906000
59607000
53764000
52436000
55270000
49922000
57885000
58012000
59487000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Warranties</i> - The majority of the Company’s products are covered by a one-year limited manufacturer’s warranty. Estimated contractual warranty obligations are recorded when related sales are recognized based on historical experience. The determination of such provision requires the Company to make estimates of product return rates and expected costs to repair or replace the product under warranty. If actual costs differ significantly from these estimates, additional amounts are recorded when such costs are probable and can be reasonably estimated. The provisions for product warranties are recorded within cost of goods sold on the statement of operations and included within accrued liabilities and other on the balance sheet and are insignificant for fiscal 2016 and 2015.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Long-Lived Assets</i> - The Company evaluates the carrying value of long-lived assets to be held and when events or circumstances warrant such a review. The carrying value of a long-lived asset to be held and used is considered impaired when the anticipated separately identifiable undiscounted cash flows from such an asset are less than the carrying value of the asset. In that event, an impairment loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. There was no impairment of long-lived assets identified in fiscal 2016, 2015 and 2014.</p></div>
0
0
0
0
0
0
2000000
973000
543000
1143000
-4416000
-5375000
-1008000
-465000
-3443000
-4232000
1300000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>9.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>INCOME TAXES</b></td></tr></table><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;"> </div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">The components of loss before income taxes consist of the following (in thousands):</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;"> </div><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Domestic</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(5,375</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(4,416</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,008</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Foreign</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,143</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">973</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">543</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(4,232</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(3,443</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(465</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td></tr></table></div><div> </div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">The provision for income taxes consists of the following (in thousands):</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif;"> </div><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 7px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 7px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Current:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Federal</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(129</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">159</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">74</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">State</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">100</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">528</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">336</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Foreign</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">685</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">299</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">166</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 26px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Total current income tax</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">656</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">986</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">576</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Deferred:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Federal</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">17</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">State</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Foreign</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(115</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(25</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 26px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Total deferred income tax</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(96</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(25</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Provision for income taxes</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">560</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">961</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">586</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div><div> </div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">The difference between the provision for (benefit from) income taxes and the amount computed by applying the federal statutory income tax rate to loss before benefit from income tax is as follows (in thousands):</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif;"> </div><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Benefit from income tax at federal statutory rate</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,439</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,140</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(153</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Non deductible expenses</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">385</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">442</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">339</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Federal Alternative Minimum Tax</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(129</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">159</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">166</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Stock-based compensation</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">273</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">314</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">84</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Fair value of escrow settlement modification</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">225</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Credits</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,775</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(574</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(590</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">State taxes</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">100</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">528</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">337</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Other</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">201</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(56</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(102</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Increase in valuation allowance</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,944</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,063</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">505</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">560</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">961</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">586</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div><div> </div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">Significant components of deferred tax assets consist of the following (in thousands):</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif;"> </div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 0px;">June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 10px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 0px;">2015</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 10px;">Deferred Tax Assets<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Net operating loss carryforwards</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">29,015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,990</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Tax credit carryforwards</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">20,659</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">17,176</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Stock compensation</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">11,295</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">12,105</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Other</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10,285</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">14,309</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Gross deferred tax assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">71,254</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">70,580</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Valuation allowance</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(69,413</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(66,213</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 26px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total deferred tax assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,841</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">4,367</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 10px;">Deferred Tax Liabilities<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Acquistion intangibles</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(1,927</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(4,282</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total deferred tax liabilities</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(1,927</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(4,282</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 26px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total net deferred tax assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(86</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">85</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">During the year ended June 30, 2016, the decrease in the Company’s deferred tax assets of $2.5 million was primarily due to changes in accruals, partially offset by an increase in tax credit and loss carryforwards. In addition, the decrease in the Company’s total deferred tax liabilities of $2.4 million was due to the amortization of the identifiable intangible property. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some or all of the deferred tax assets will be realized. The realization of deferred tax assets is based on several factors, such as the Company’s history of past earnings, the scheduling of deferred tax liabilities and projected future income from operating activities. As of June 30, 2016, management does not believe it is more likely than not that the net U.S. federal and state deferred tax assets are realizable. The Company intends to maintain the valuation allowance on its net deferred tax assets until sufficient positive evidence exists to support reversal of some or all of the allowance. The Company’s future income tax expense (benefit) will be affected in the event changes to the valuation allowance are required.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">During the fourth quarter of fiscal 2016, the Company elected to prospectively adopt ASU 2015-17, <i>Income </i><i>Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes,</i> resulting in a reclassification of $3.8 million of net current deferred tax assets to the net non-current deferred tax assets in our consolidated balance sheet as of June 30, 2016. The prior reporting periods were not retrospectively adjusted.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company had federal net operating loss carryforwards of approximately $93.9 million as of June 30, 2016, which expire at various dates between 2023 and 2036. These net operating loss carryforwards include the effects of a favorable tax ruling determined under Section 382 by the Internal Revenue Service in March 2010 as well as federal net operating loss carryforwards available from prior acquisitions. The Company has not completed Section 382 studies for net operating losses incurred in the years subsequent to July 2007. Upon the completion of these studies, the amount of net operating losses available for utilization may be limited. Included in the net operating loss carryforward is approximately $10.9 million (pretax) of net operating loss attributable to excess stock option deductions. The related tax benefit of $3.7 million, if realized, will be recorded as additional paid-in capital. Including the net operating loss carryforwards available from prior acquisitions, the Company had California and other state net operating loss carryforwards of approximately $14.2 million and $9.4 million, respectively, which expire at various dates between fiscal 2018 and 2036.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">As of June 30, 2016, the Company had Federal and California tax credit carryforwards of $16.2 million and $16.2 million, respectively. The federal tax credit carry forwards expire at various dates between 2023 and 2036. The California tax credits may be carried forward indefinitely.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company has not provided U.S. income taxes and foreign withholding taxes on the undistributed earnings of foreign subsidiaries because it is management’s intention to permanently reinvest such undistributed earnings outside of the United States. The Company evaluates its circumstances and reassesses this determination on a periodic basis. As of June 30, 2016, the determination of the unrecorded deferred tax liability related to these earnings was not practicable. If circumstances change and it becomes apparent that some or all of the undistributed earnings of the Company's foreign subsidiaries will be remitted in the foreseeable future, the Company will be required to recognize a deferred tax liability on those amounts.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The “Protecting Americans from Tax Hikes (PATH) Act of 2015” (The Act) was enacted on December 18, 2015. The Act permanently extended the R&D credit and extended the 50% bonus depreciation provision though 2019 (through 2020 for certain longer-lived and transportation property).</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company maintains liabilities for uncertain tax positions. These liabilities involve considerable judgment and estimation and are continuously monitored by management based on the best information available, including changes in tax regulations, the outcome of relevant court cases, and other pertinent information. As of June 30, 2016, 2015 and 2014, the Company's total amount of unrecognized tax benefit was approximately $6.3 million, $5.1 million and $4.2 million, respectively.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The aggregate annual changes in the balance of gross unrecognized tax benefits are as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Beginning balance</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,065</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,165</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,060</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Decrease in tax positions for prior years</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(24</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(471</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Increase in tax positions for current year</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,233</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">900</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">576</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Ending balance</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">6,274</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">5,065</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">4,165</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">As of June 30, 2016, the Company's total amount of unrecognized tax benefit was approximately $6.3 million, of which, only $0.2 million, if recognized, would impact the effective tax rate. The Company does not expect its unrecognized tax benefits to change materially over the next 12 months.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">While management believes that the Company has adequately provided for all tax positions, amounts asserted by tax authorities could be greater or less than the recorded position. Accordingly, the Company’s provisions on federal, state and foreign tax-related matters to be recorded in the future may change as revised estimates are made or the underlying matters are settled or otherwise resolved.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company’s primary tax jurisdiction is the United States. For federal and state tax purposes, the tax years 2001 through 2014 remain open and subject to tax examination by the appropriate federal or state taxing authorities.</p></div>
961000
586000
560000
-153000
-1439000
-1140000
385000
442000
339000
1063000
2944000
505000
-56000
201000
-102000
314000
84000
273000
1209000
894000
885000
590000
574000
1775000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Income and Telecom Taxes</i> – The Company utilizes the asset and liability method of accounting for income taxes. Deferred income taxes are recognized by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance for any tax benefit of which future realization is uncertain. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. Interest and penalties related to uncertain tax positions, if applicable, are recognized in the income tax provision.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">As a provider of communication services, the Company assesses whether to include the taxes and surcharges collected from customers and remitted to government authorities, including Universal Service Fund charges, sales, use, and various surcharges, in the Company’s revenues and expenses. This assessment includes whether the Company is the primary obligor or principal taxpayer for the taxes assessed in each jurisdiction where the Company does business. In jurisdictions where the Company determines that it is the principal taxpayer, the Company records the surcharges these within revenues and cost of hosted and related services in the Consolidated Statements of Operations as well as within accrued taxes and surcharges in the Consolidated Balance Sheets. In jurisdictions where the Company determines that it is merely a collection agent for the government authority, the Company does not include them in our revenues and cost of hosted and related services.</p></div>
528000
337000
100000
-795000
-701000
6209000
2918000
-3683000
-3160000
1200000
7687000
-1249000
-4097000
7536000
-2910000
-11413000
10983000
6115000
3791000
3101000
3368000
-1216000
786000
34000
4000
-2109000
4249000
2090000
18788000
22217000
643000
469000
531000
298000
462000
26000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Inventories</i> - Inventories, which consist principally of raw materials, finished goods and inventories held by distributors are stated at the lower of cost or market, with cost being determined under a standard cost method that approximates first-in, first-out. The Company accounts for excess and obsolete inventory by reducing the carrying value to the estimated market value of the inventory based upon management’s assumptions about future demand and market conditions.</p></div>
12488000
15053000
10754000
13996000
57000
92000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Investments</i> - The Company’s short-term investments are comprised of U.S. Government agency securities, corporate bonds and commercial paper. These investments are held in the custody of two major financial institutions. The specific identification method is used to determine the cost basis of disposed fixed income securities. At June 30, 2016 and 2015, the Company’s investments were classified as available-for-sale. These investments are recorded in the Consolidated Balance Sheets at fair value with net unrealized gains or losses reported as a separate component of accumulated other comprehensive income (loss), net of tax.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company recognizes an impairment charge when a decline in the fair value of its investments is considered to be other-than-temporary. An impairment is considered other-than-temporary if (i) the Company has the intent to sell the security, (ii) it is more likely than not that the Company will be required to sell the security before recovery of its entire amortized cost basis, or (iii) the Company does not expect to recover the entire amortized cost of the security. If an impairment is considered other-than-temporary based on (i) or (ii) described above, the entire difference between the amortized cost and the fair value of the security is recognized in earnings. If an impairment is considered other-than-temporary based on condition (iii), the amount representing credit losses, defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis of the debt security, will be recognized in earnings and the amount relating to all other factors will be recognized in other comprehensive income (“OCI”). In estimating the amount and timing of cash flows expected to be collected, the Company considers all available information including past events, current conditions, the remaining payment terms of the security, the financial condition of the issuer, expected defaults, and the value of underlying collateral. The Company has determined that gross unrealized losses on short-term investments at June 30, 2016 and 2015 are temporary in nature because each investment meets our investment policy and credit quality requirements. The Company has the ability and intent to hold these investments until they recover their unrealized losses, which may not be until maturity. Evidence that we will recover our investments outweighs evidence to the contrary.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>4.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>SHORT-TERM INVESTMENTS</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">The following is a summary of the Company’s short-term investments (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">June 30, 2016</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Amortized<br /></b><b>Cost</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Unrealized<br /></b><b>Gains</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Unrealized<br /></b><b>Losses</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">Fair Value</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Corporate bonds and commercial paper</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,359</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">9</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(5</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,363</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">U.S. Government agency securities</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">20,038</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">32</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">20,070</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Total short-term investments</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">46,397</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">41</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(5</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">46,433</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Amortized<br /></b><b>Cost</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Unrealized<br /></b><b>Gains</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Unrealized<br /></b><b>Losses</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">Fair Value</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Corporate bonds and commercial paper</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">4</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Total short-term investments</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">4</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">Tax amounts related to unrealized gains (losses) were immaterial for all periods presented.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes the maturities of the Company’s short-term investments by contractual maturity (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">June 30, 2016</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 9px; padding-right: 9px;"><b>Amortized<br /></b><b>Cost</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">Fair Value</div></td></tr><tr style="height: 18px; background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Less than 1 year</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">28,107</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">28,114</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="height: 17px;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Due in 1 to 3 years</div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 1px solid; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 1px solid; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">18,290</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 1px solid; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 1px solid; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">18,319</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="height: 15px; background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 4px double; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 4px double; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">46,397</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 4px double; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: #000000 4px double; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">46,433</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 9px; padding-right: 9px;"><b>Amortized<br /></b><b>Cost</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">Fair Value</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Less than 1 year</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6,696</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6,702</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Due in 1 to 3 years</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,325</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,323</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Actual maturities may differ from the contractual maturities because borrowers may have the right to call or prepay certain obligations.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes the maturities of the Company’s short-term investments by contractual maturity (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">June 30, 2016</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 9px; padding-right: 9px;"><b>Amortized<br /></b><b>Cost</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">Fair Value</div></td></tr><tr style="height: 18px; background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Less than 1 year</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">28,107</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">28,114</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="height: 17px;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Due in 1 to 3 years</div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 1px solid; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 1px solid; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">18,290</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 1px solid; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 1px solid; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">18,319</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="height: 15px; background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 4px double; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 4px double; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">46,397</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; border-bottom: #000000 4px double; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: bottom; border-bottom: #000000 4px double; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">46,433</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 9px; padding-right: 9px;"><b>Amortized<br /></b><b>Cost</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">Fair Value</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Less than 1 year</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6,696</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6,702</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Due in 1 to 3 years</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,325</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,323</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
139609000
136328000
342338000
326456000
114936000
111655000
0
2019-10-22
100000000
0
0
-29332000
73600000
1000000
-6972000
-19504000
-63693000
7049000
8171000
-19209000
35086000
41145000
35878000
-1051000
-4792000
-4404000
-1051000
-4792000
-4404000
2545000
352000
-744000
2114000
4727000
-6862000
-8707000
-2621000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="h3" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Recent Accounting Pronouncements</p><p class="h3" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">New Accounting Updates Recently Adopted</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In September 2015, the FASB issued ASU 2015-16, <i>Business Combinations (Topic 805): Simplifying the </i><i>Accounting for Measurement-Period Adjustments</i>. The guidance requires that adjustments to provisional amounts recognized in a business combination be recorded during the measurement period in the period in which the adjustment amounts are determined. This also applies to the effect on earnings of changes in depreciation, amortization or other income effects, if any; as a result of the change in the provisional amounts as if the accounting had been completed at the acquisition date. This accounting guidance is effective for the Company in the financial reporting periods beginning after December 15, 2015, with early adoption permitted. This accounting standard was adopted by the Company beginning October 1, 2015 and it did not have an impact on the Company’s consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In November 2015, the FASB issued ASU 2015-17, <i>Income Taxes (Topic 740): Balance Sheet Classification </i><i>of Deferred Taxes</i>, which simplifies the presentation of deferred income taxes. This ASU requires that deferred tax assets and liabilities be classified as non-current in a statement of financial position. The standard is effective in the annual reporting periods beginning after December 15, 2016. Early adoption is permitted for any interim and annual financial statements that have not yet been issued. The Company has early adopted ASU 2015-17 effective June 30, 2016 on a prospective basis. Adoption of this ASU resulted in a reclassification of our net current deferred tax assets to the net non-current deferred tax assets in our Consolidated Balance Sheet as of June 30, 2016. Prior periods were not retrospectively adjusted.</p><p class="h3" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Recent Accounting Standards or Updates Not Yet Effective</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In May 2014, the FASB issued ASU No. 2014-9 <i>Revenue from Contracts with Customers (Topic 606)</i> - an accounting standard that supersedes the revenue recognition requirements in <i>Topic 605, Revenue Recognition</i>. The core principle of the new guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. New disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers are also required. The effective date of the new standard was deferred by one year by ASU No. 2015-14, <i>Revenue from Contracts with Customers </i><i>(Topic 606): Deferral of Effective Date</i>. In March 2016, the FASB issued ASU No. 2016-08<i> Revenue from </i><i>Contracts with Customers (Topic 606): Principal versus Agent Considerations, </i>which amends the guidance to clarify the implementation guidance on principal versus agent considerations (gross versus net revenue presentation). In April 2016, the FASB issued ASU No. 2016-10 <i>Revenue from Contracts with Customers </i><i>(Topic 606):</i><i>Identifying Performance Obligations and Licensing,</i> which amends the guidance with respect to certain implementation issues on identifying performance obligations and accounting for licenses of intellectual property. In May 2016, the FASB issued ASU No. 2016-11 <i>Revenue Recognition (Topic 605) and Derivatives </i><i>and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and </i><i>2014-16 pursuant to Staff announcements at the March 3, 2016 EITF Meeting</i>, which rescinds from the FASB Accounting Standards Codification certain SEC paragraphs as a result of two SEC Staff Announcements at the March 3, 2016 meeting. In May 2016, the FASB issued ASU 2016-12, <i>Revenue from Contracts with Customers - </i><i>Narrow-Scope Improvements and Practical Expedients</i>, which clarifies certain narrow aspects of Topic 606 such as assessing the collectability criterion, presentation of sales taxes and other similar taxes collected from customers, noncash consideration, contract modifications at transition, completed contracts at transition, and technical correction. This accounting guidance is effective for the Company in annual financial reporting periods beginning after December 15, 2017; early adoption is permitted for periods beginning after December 15, 2016. ASU No. 2014-9 may be applied retrospectively (a) to each reporting period presented or (b) with the cumulative effect in retained earnings at the beginning of the adoption period. The Company is currently evaluating the method of adoption and the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In July 2015, the FASB issued ASU 2015-11, <i>Inventory (Topic 330):</i><i>Simplifying the Measurement of </i><i>Inventory</i>. Under this ASU, inventory will be measured at the “lower of cost and net realizable value” and options that currently exist for “market value” will be eliminated. The ASU defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” No other changes were made to the current guidance on inventory measurement. This accounting guidance is effective for the Company in financial reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In February 2016, the FASB issued ASU 2016-02, <i>Leases (Topic 842)</i>, which supersedes the lease accounting requirements in Topic 840. This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. The guidance also requires qualitative and specific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities, including significant judgments and changes in judgments. This accounting guidance is effective for the Company in annual financial reporting periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In March 2016, the FASB issued ASU 2016-09, <i>Compensation-Stock Compensation (Topic 718): </i><i>Improvements to Employee Share-Based Payment Accounting,</i> which is intended to simplify several aspects of the accounting for share-based payment transactions, including certain income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This accounting guidance is effective for the Company in annual financial reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In June 2016, the FASB issued ASU 2016-13, <i>Financial Instruments - Credit Losses </i>(Topic 326<i>): </i><i>Measurement of Credit Losses on Financial Instruments</i>, which changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses, which the FASB believes will result in more timely recognition of such losses. This accounting guidance is effective for the Company in financial reporting periods beginning after December 15, 2019. Early adoption is permitted in financial reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p></div>
3800000
-2097000
-1280000
-1470000
2014
2001
27476000
6749000
201091000
229955000
220536000
7744000
1724000
4200000
5600000
5400000
93900000
14200000
9400000
5289000
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3873000
2097000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>1.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>THE COMPANY AND SIGNIFICANT ACCOUNTING POLICIES</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>The Company</i> - ShoreTel, Inc. was incorporated in California on September 17, 1996 and reincorporated in Delaware on June 22, 2007. ShoreTel, Inc. and its subsidiaries (referred herein as “the Company”) is a leading provider of brilliantly simple business communication solutions, comprised of integrated voice, video, data and mobile applications based on Internet Protocol (“IP”) technologies. The Company focuses on the small and medium sized businesses, with a Unified Communications (“UC”) platform that allows them to communicate anytime, anyplace, and through any device that they choose. The Company’s strategy is to provide customers with a flexible choice of deployment options: either operating the Company’s solution by subscribing to our cloud-based communication services, in their own onsite data centers or a hybrid combination of both.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Fiscal Year End</i> - The Company operates on a fiscal year ending June 30.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Principles of Consolidation -</i> The accompanying consolidated financial statements include the accounts of the Company’s wholly owned subsidiaries located worldwide. All transactions and balances between the parent and the subsidiaries have been eliminated in consolidation.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Correction of Prior Period Error</i> - Subsequent to the issuance of the condensed consolidated financial statements as of and for the three months ended September 30, 2015, the Company determined installation revenue and related cost of revenue were being deferred and recognized over the contractual life for certain contracts that should have been recognized over the customer life. Accordingly, the accompanying consolidated financial statements reflect the Company’s correction of the consolidated statement of operations impact of the error for the fiscal years ended June 30, 2016, 2015 and 2014 and the condensed consolidated balance sheet impact as of June 30, 2015. As a result, hosted and related services revenue and cost of revenue were decreased by $1.0 million and $1.5 million for the fiscal years ended June 30, 2015 and 2014, respectively. Prepaid expense and other current assets was increased by $2.7 million, other assets was increased by $1.2 million, deferred revenue was increased by $1.0 million and long-term deferred revenue was increased by $3.0 million as of June 30, 2015. The cumulative impact of the correction on preceding period earnings is an increase to accumulated deficit of $0.1 million as of June 30, 2015. The correction did not affect the net cash provided by operating activities, net cash used in investing activities or net cash provided by financing activities for the fiscal years ended June 30, 2016, 2015 and 2014. The correction did not affect the net loss per share for the fiscal years ended June 30, 2016, 2015 and 2014. The foregoing corrections are not considered material by the Company.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Use of Estimates</i> - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The use of estimates is included in certain areas including revenue recognition, allowance for doubtful accounts, stock-based compensation, inventory and other assets valuation, accrued taxes and surcharges, accounting for income taxes and accounting for goodwill and purchased intangible assets. Actual results could differ from those estimates.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Concentration of Credit Risk</i> - Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents, short-term investments and accounts receivable. As of June 30, 2016, substantially all of the Company’s cash and cash equivalents and short-term investments were managed by multiple financial institutions. Accounts receivable are typically unsecured and are derived from revenue earned from customers. The Company performs ongoing credit evaluations of its customers and maintains allowances for potential credit losses. At June 30, 2016 and June 30, 2015 one value-added distributor accounted for 42% and 33% of the total accounts receivable, respectively.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Fair Value of Financial Instruments -</i> The carrying amounts of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, approximate their respective fair market values due to the short maturities of these financial instruments. Refer to Note 6 to the Consolidated Financial Statements for discussion of the methods used to determine the fair value of short-term investments. Refer to Note 7 to the Consolidated Financial Statements for discussion of the methods used to determine the fair value of the line of credit.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Cash and Cash Equivalents</i> - The Company considers all highly liquid investments purchased with an original or remaining maturity of less than three months at the date of purchase to be cash equivalents. The Company’s cash and cash equivalents are maintained with various financial institutions.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Investments</i> - The Company’s short-term investments are comprised of U.S. Government agency securities, corporate bonds and commercial paper. These investments are held in the custody of two major financial institutions. The specific identification method is used to determine the cost basis of disposed fixed income securities. At June 30, 2016 and 2015, the Company’s investments were classified as available-for-sale. These investments are recorded in the Consolidated Balance Sheets at fair value with net unrealized gains or losses reported as a separate component of accumulated other comprehensive income (loss), net of tax.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company recognizes an impairment charge when a decline in the fair value of its investments is considered to be other-than-temporary. An impairment is considered other-than-temporary if (i) the Company has the intent to sell the security, (ii) it is more likely than not that the Company will be required to sell the security before recovery of its entire amortized cost basis, or (iii) the Company does not expect to recover the entire amortized cost of the security. If an impairment is considered other-than-temporary based on (i) or (ii) described above, the entire difference between the amortized cost and the fair value of the security is recognized in earnings. If an impairment is considered other-than-temporary based on condition (iii), the amount representing credit losses, defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis of the debt security, will be recognized in earnings and the amount relating to all other factors will be recognized in other comprehensive income (“OCI”). In estimating the amount and timing of cash flows expected to be collected, the Company considers all available information including past events, current conditions, the remaining payment terms of the security, the financial condition of the issuer, expected defaults, and the value of underlying collateral. The Company has determined that gross unrealized losses on short-term investments at June 30, 2016 and 2015 are temporary in nature because each investment meets our investment policy and credit quality requirements. The Company has the ability and intent to hold these investments until they recover their unrealized losses, which may not be until maturity. Evidence that we will recover our investments outweighs evidence to the contrary.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Allowance for Doubtful Accounts - </i>The Company records an allowance for doubtful accounts based upon its assessment of various factors. The Company considers historical experience, the age of the accounts receivable balances, the credit quality of its customers, current economic conditions and other factors that may affect customers’ ability to pay to determine the level of allowance required.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The change in allowance for doubtful accounts is summarized as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">2014</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Allowance for doubtful accounts - beginning</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">631</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">636</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">639</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Current period provision</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">216</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">182</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">200</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;">Provision related to acquisition of a business </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> 79</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> -</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> -</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Write-offs charged to allowance, net of recoveries</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(248</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(187</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(203</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Allowance for doubtful accounts - ending</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">678</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">631</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">636</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Inventories</i> - Inventories, which consist principally of raw materials, finished goods and inventories held by distributors are stated at the lower of cost or market, with cost being determined under a standard cost method that approximates first-in, first-out. The Company accounts for excess and obsolete inventory by reducing the carrying value to the estimated market value of the inventory based upon management’s assumptions about future demand and market conditions.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Property and Equipment</i> - Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which range from two to five years. Leasehold improvements are amortized over the shorter of the estimated useful lives of the asset or the lease term.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Software to be Sold, Leased or Marketed</i> - Development costs of computer software to be sold, leased, or otherwise marketed are subject to capitalization beginning when a product’s technological feasibility has been established and ending when a product is available for general release to customers. In most instances, the Company’s products are released soon after technological feasibility has been established; therefore, costs incurred subsequent to achievement of technological feasibility are usually not significant. Capitalized costs are amortized using the straight-line method over the estimated economic life of the product. The Company evaluates the realizability of the assets and the related periods of amortization on a regular basis. Judgment is required in determining when technological feasibility of a product is established as well as its economic life.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Business Combinations</i> – The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions as part of the purchase price allocation process to accurately value assets acquired and liabilities assumed at the acquisition date, the Company’s estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill to the extent the Company identifies adjustments to the preliminary purchase price allocation. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of operations.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Goodwill and Purchased-Intangible Assets </i>- Goodwill is tested for impairment on an annual basis on June 30th and, when specific circumstances dictate, between annual tests. When impaired, the carrying value of goodwill is written down to fair value. The Company has a single reporting unit. The goodwill impairment test involves a two-step process. The first step, identifying a potential impairment, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the carrying value of the reporting unit exceeds its fair value, the second step would need to be conducted; otherwise, no further steps are necessary as no potential impairment exists. The second step, measuring the impairment loss, compares the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. Any excess of the reporting unit goodwill carrying value over the respective implied fair value is recognized as an impairment loss. There was no impairment of goodwill identified in fiscal 2016, 2015 and 2014.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Purchased-intangible assets are amortized on a straight-line basis over the periods of benefit, ranging from two to eight years. The Company performs a review of purchased-intangible assets whenever events or changes in circumstances indicate that the useful life is shorter than it had originally estimated or that the carrying amount of assets may not be recoverable. If such facts and circumstances exist, the Company assesses the recoverability of purchased-intangible assets by comparing the projected undiscounted net cash flows associated with the related asset or group of assets over their remaining lives against their respective carrying amounts. Impairments, if any, are based on the excess of the carrying amount over the fair value of those assets. If the useful life of the asset is shorter than originally estimated, the Company accelerates the rate of amortization and amortizes the remaining carrying value over the new shorter useful life. There was no impairment of purchased-intangible assets identified in fiscal 2016, 2015 and 2014.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Long-Lived Assets</i> - The Company evaluates the carrying value of long-lived assets to be held and when events or circumstances warrant such a review. The carrying value of a long-lived asset to be held and used is considered impaired when the anticipated separately identifiable undiscounted cash flows from such an asset are less than the carrying value of the asset. In that event, an impairment loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. There was no impairment of long-lived assets identified in fiscal 2016, 2015 and 2014.</p><p class="fpara" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Treasury Shares</i> - From time to time, the Company repurchases shares of its common stock, depending on market conditions, in the open market, in accordance with programs authorized by the Board of Directors. Repurchased shares are held as treasury stock until such time as they are retired or re-issued. Retirements of treasury stock are non-cash equity transactions in which the reacquired shares are returned to the status of authorized but unissued shares and the cost is recorded as a reduction to both retained earnings and treasury stock.</p><p class="fpara" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Revenue Recognition</i> - The Company derives its revenue from the sale of hosted and premise based Unified Communication systems and services.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">When a sales arrangement contains multiple elements, such as hardware and software products and/or services, we allocate revenue to each element based on relative selling prices. The relative selling price is determined using vendor specific objective evidence of fair value (“VSOE”) when available. When VSOE cannot be established, the Company attempts to determine the third party evidence of selling price (“TPE”) for the deliverables. TPE is determined based on competitor prices for similar deliverables when sold separately by the competitors. Generally, our product offerings differ from those of our competitors and comparable pricing of our competitors is often not available. Therefore, we are typically not able to determine TPE. When we are unable to establish selling price using VSOE or TPE, we use estimated selling prices (“ESP”) in our allocation of arrangement fees. The ESP for a deliverable is determined as the price at which we would transact if the products or services were sold on a stand-alone basis.</p><p class="h4" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Product and Support and Services Revenues:</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The sale of IP telecommunication systems include hardware, primarily phones and voice switches, software components and may also include training, installation, professional services and post-contractual support for the products. The Company’s business strategy is centered on selling to enterprise customers through channel partners rather than directly. Channel partners include resellers as well as value-added distributors who in turn sell to the resellers. Sales to value-added distributors allow the Company to leverage its existing distribution infrastructure and sales personnel.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The typical system includes a combination of IP phones, switches and UC software applications. For sales transactions made both direct and to resellers revenue is recognized at the time of shipment provided that all the provisions of revenue recognition have been met. For sales to value-added distributors, revenue is initially deferred and is recognized at the time of sale by the distributor to their customer, provided all the provisions of revenue recognition have been met. The Company refers to this distribution approach as its two-tier distribution model and the recognition of revenue at the time of sale by the distributor as the sell through method.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company recognizes revenue when persuasive evidence of an arrangement exists, product has shipped or delivery has occurred (depending on when title passes), the sales price is fixed or determinable and free of contingencies and significant uncertainties, and collection is probable. The fee is considered fixed or determinable at the execution of an agreement, based on specific products and quantities to be delivered at specified prices. The agreements with reseller partners generally do not include rights of return or acceptance provisions. Even though substantially all of the contractual agreements do not provide return privileges, there are circumstances for which the Company will accept a return. The Company maintains a reserve for such returns based on historical experience with reseller partners. The agreements with the Company’s value-added distributors allow for limited rights of return of products generally purchased within the previous 90 days. In addition to such return rights, the Company generally offers price protection provisions to its distributors when there is a permanent reduction of its sales prices. In such cases, the Company is obligated to grant the distributor a credit for the difference between the changes in the aggregate price of any amounts that have been purchased but unsold by the distributor as of the effective date of such decrease. In addition, certain of the Company’s distributors stock phones and switches and purchase licenses only upon sale to a value added reseller or end customer. Revenue is deferred for distributors until the distributor sells the hardware and license to their customer which would constitute a complete configuration of our system. To the extent that the Company’s agreements contain acceptance terms, the Company recognizes revenue upon product acceptance, unless the acceptance provision is deemed to be perfunctory. Payment terms to customers generally range from net 30 to net 60 days. In the event payment terms are extended materially from the Company’s standard business practices, the fees are deemed to not be fixed or determinable and revenue is recognized when the payment becomes due. The Company assesses the ability to collect from its customers based on a number of factors, including credit worthiness and past transaction history of the customer. If the customer is not deemed credit worthy, the Company defers all revenue from the arrangement until payment is received and all other revenue recognition criteria have been met. Shipping charges billed to customers are included in product revenue and the related shipping costs are included in cost of product revenue. Provisions for return allowances are recorded at the time revenue is recognized based on the Company’s historical experience. The provision for return allowances is recorded as a reduction to revenues on the statement of operations and is included as a reduction to accounts receivable on the balance sheet.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Deferred revenue primarily consists of billings or payments received in advance of revenue recognition from the Company’s transactions and are recognized as the revenue recognition criteria are met. Nearly all of the Company’s system sales include the purchase of post-contractual support contracts with terms of up to five years, and the renewal rates on these contracts have been high historically. The Company recognizes support revenue on a ratable basis over the term of the support contract. Since the Company receives payment for support in advance of recognizing the related revenue, the Company carries a deferred revenue balance on the consolidated balance sheet.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Most of the products and services included in a premise-based system qualify as separate units of accounting. Many of the Company’s products have both software and non-software components that function together to deliver the essential functionality of the integrated system product. The Company analyzes all of its software and non-software products and services and considers the features and functionalities of the individual elements and the stand alone sales of those individual components among other factors, to determine which elements are essential or non-essential to the overall functionality of the integrated system product. The Company recognizes revenue related to installation services and training upon delivery of the service.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company’s core software, which we refer to as “essential software,” is integrated with hardware and is essential to the functionality of the integrated system product. The Company also sells additional software which provides increased features and functions, but is not essential to the overall functionality of the integrated system products, which we refer to as “non-essential software.” At the initial purchase, the customer generally bundles together the hardware, essential software, non-essential software, as needed, and up to five years of post-contractual support. Thereafter, if the enterprise customer increases its end users and system functionality, it may add more hardware, both essential and non-essential software components, and related post-contractual support by purchasing them separately.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The revenue for these multiple element arrangements is allocated to the non-essential software deliverables and the non-software deliverables based on the relative selling prices of all of the deliverables in the arrangement using the hierarchy in the accounting guidance. The non-essential software deliverables included in a multiple element arrangement are subject to the industry specific software revenue recognition guidance. As the Company has not been able to obtain VSOE for all of the non-essential software deliverables in the arrangement, revenue allocated to the delivered non-essential software elements is recognized using the residual method in accordance with industry specific software revenue recognition guidance. Under the residual method, the amount of revenue recognized for the delivered non-essential software elements equaled the total allocated consideration less the VSOE of any undelivered elements bundled with such non-essential software elements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company has been able to establish VSOE for its professional and post contractual support services mainly based on the volume and the pricing of the stand-alone sales for these services within a narrow range. The Company establishes its ESP for products by considering factors including, but not limited to, geographies, customer segments and pricing practices. The determination of ESP is made through consultation with and formal approval by the Company’s management. The Company regularly reviews VSOE, TPE and ESP and maintains internal controls over the establishment and updates of these estimates.</p><p class="h4" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Hosted and Related Services Revenues:</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company’s hosted and related services and solutions consist primarily of our proprietary hosted voice over Internet Protocol (“VoIP”) UC system as well as other services such as foreign and domestic calling plans, certain UC applications, internet service provisioning, training and other professional services. Additionally, the Company offers their customers the ability to purchase phones from them directly or rent such phones as part of their service agreements. The customers are not required to purchase phones from the Company directly as they can independently purchase such equipment. Customers enter into a one to three-year service agreement whereby they are billed for such services on a monthly basis.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Monthly recurring hosted services are recognized on a straight line basis in the period when the service is delivered. The installation fees are recognized on a straight-line basis over the estimated customer life.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company bills most of the monthly recurring hosted service revenue a month in advance. Any amounts billed and collected, but for which the service is not yet delivered, are included in deferred revenue. These amounts are recognized as revenues only when the service is delivered.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company maintains a reserve for credits provided to customers for outages, quality issues, billing disputes or changes in the service levels that are included in the amounts that were billed in advance. The reserve for such credits is based on historical experiences and trends. The Company also maintains a reserve for amounts that are deemed as uncollectible.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Channel Partner Programs and Incentives - </i>The Company records estimated reductions to revenues for channel partner programs and incentive offerings including special pricing agreements, promotions and other volume-based incentives. The Company also accrues for co-op marketing funds as a marketing expense if the Company receives an identifiable benefit in exchange and can reasonably estimate the fair value of the identifiable benefit received; otherwise, it is recorded as a reduction to revenues.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Warranties</i> - The majority of the Company’s products are covered by a one-year limited manufacturer’s warranty. Estimated contractual warranty obligations are recorded when related sales are recognized based on historical experience. The determination of such provision requires the Company to make estimates of product return rates and expected costs to repair or replace the product under warranty. If actual costs differ significantly from these estimates, additional amounts are recorded when such costs are probable and can be reasonably estimated. The provisions for product warranties are recorded within cost of goods sold on the statement of operations and included within accrued liabilities and other on the balance sheet and are insignificant for fiscal 2016 and 2015.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Research and Development Costs</i> – Research and development expenses primarily include personnel costs, outside engineering costs, professional services, prototype costs, test equipment, software usage fees and facilities expenses. Research and development expenses are recognized when incurred.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Income and Telecom Taxes</i> – The Company utilizes the asset and liability method of accounting for income taxes. Deferred income taxes are recognized by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance for any tax benefit of which future realization is uncertain. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. Interest and penalties related to uncertain tax positions, if applicable, are recognized in the income tax provision.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">As a provider of communication services, the Company assesses whether to include the taxes and surcharges collected from customers and remitted to government authorities, including Universal Service Fund charges, sales, use, and various surcharges, in the Company’s revenues and expenses. This assessment includes whether the Company is the primary obligor or principal taxpayer for the taxes assessed in each jurisdiction where the Company does business. In jurisdictions where the Company determines that it is the principal taxpayer, the Company records the surcharges these within revenues and cost of hosted and related services in the Consolidated Statements of Operations as well as within accrued taxes and surcharges in the Consolidated Balance Sheets. In jurisdictions where the Company determines that it is merely a collection agent for the government authority, the Company does not include them in our revenues and cost of hosted and related services.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Stock-Based Compensation</i> – The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The Company has a stock-based employee compensation plan. Generally, stock options granted to employees vest 25% at one year and then 1/36<sup style="font-size: x-small; vertical-align: text-top; line-height: 1;">th</sup> monthly thereafter, and restricted stock units issued generally vest 25% at one, two, three and four years, and have a term of ten years.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table shows total stock-based compensation expense included in the accompanying Consolidated Statements of Operations for the years ended June 30, 2016, 2015 and 2014 (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of product revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">64</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">74</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">69</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of hosted and related services revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,272</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,215</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">626</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of support and services revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">590</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">497</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">569</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Research and development</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,854</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,928</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,704</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Sales and marketing</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,569</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,391</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,996</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">General and administrative</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,522</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,308</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,352</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total stock-based compensation expense</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,871</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,413</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">7,316</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Foreign Currency Translation</i> – The Company’s foreign operations are subject to exchange rate fluctuations and foreign currency transaction costs, however, the majority of sales transactions are denominated in U.S. dollars. The functional currency of the subsidiaries is the U.S. dollar. Foreign currency denominated sales, costs and expenses are recorded at the average exchange rates during the year. Gains or losses resulting from foreign currency transactions are included in the consolidated statements of operations within other income (expense), net.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Accumulated Other Comprehensive Income (Loss)</i> – Accumulated other comprehensive income (loss) only includes unrealized gains and losses on the Company’s available-for-sale securities.</p><p class="h3" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Recent Accounting Pronouncements</p><p class="h3" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">New Accounting Updates Recently Adopted</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In September 2015, the FASB issued ASU 2015-16, <i>Business Combinations (Topic 805): Simplifying the </i><i>Accounting for Measurement-Period Adjustments</i>. The guidance requires that adjustments to provisional amounts recognized in a business combination be recorded during the measurement period in the period in which the adjustment amounts are determined. This also applies to the effect on earnings of changes in depreciation, amortization or other income effects, if any; as a result of the change in the provisional amounts as if the accounting had been completed at the acquisition date. This accounting guidance is effective for the Company in the financial reporting periods beginning after December 15, 2015, with early adoption permitted. This accounting standard was adopted by the Company beginning October 1, 2015 and it did not have an impact on the Company’s consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In November 2015, the FASB issued ASU 2015-17, <i>Income Taxes (Topic 740): Balance Sheet Classification </i><i>of Deferred Taxes</i>, which simplifies the presentation of deferred income taxes. This ASU requires that deferred tax assets and liabilities be classified as non-current in a statement of financial position. The standard is effective in the annual reporting periods beginning after December 15, 2016. Early adoption is permitted for any interim and annual financial statements that have not yet been issued. The Company has early adopted ASU 2015-17 effective June 30, 2016 on a prospective basis. Adoption of this ASU resulted in a reclassification of our net current deferred tax assets to the net non-current deferred tax assets in our Consolidated Balance Sheet as of June 30, 2016. Prior periods were not retrospectively adjusted.</p><p class="h3" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Recent Accounting Standards or Updates Not Yet Effective</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In May 2014, the FASB issued ASU No. 2014-9 <i>Revenue from Contracts with Customers (Topic 606)</i> - an accounting standard that supersedes the revenue recognition requirements in <i>Topic 605, Revenue Recognition</i>. The core principle of the new guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. New disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers are also required. The effective date of the new standard was deferred by one year by ASU No. 2015-14, <i>Revenue from Contracts with Customers </i><i>(Topic 606): Deferral of Effective Date</i>. In March 2016, the FASB issued ASU No. 2016-08<i> Revenue from </i><i>Contracts with Customers (Topic 606): Principal versus Agent Considerations, </i>which amends the guidance to clarify the implementation guidance on principal versus agent considerations (gross versus net revenue presentation). In April 2016, the FASB issued ASU No. 2016-10 <i>Revenue from Contracts with Customers </i><i>(Topic 606):</i><i>Identifying Performance Obligations and Licensing,</i> which amends the guidance with respect to certain implementation issues on identifying performance obligations and accounting for licenses of intellectual property. In May 2016, the FASB issued ASU No. 2016-11 <i>Revenue Recognition (Topic 605) and Derivatives </i><i>and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and </i><i>2014-16 pursuant to Staff announcements at the March 3, 2016 EITF Meeting</i>, which rescinds from the FASB Accounting Standards Codification certain SEC paragraphs as a result of two SEC Staff Announcements at the March 3, 2016 meeting. In May 2016, the FASB issued ASU 2016-12, <i>Revenue from Contracts with Customers - </i><i>Narrow-Scope Improvements and Practical Expedients</i>, which clarifies certain narrow aspects of Topic 606 such as assessing the collectability criterion, presentation of sales taxes and other similar taxes collected from customers, noncash consideration, contract modifications at transition, completed contracts at transition, and technical correction. This accounting guidance is effective for the Company in annual financial reporting periods beginning after December 15, 2017; early adoption is permitted for periods beginning after December 15, 2016. ASU No. 2014-9 may be applied retrospectively (a) to each reporting period presented or (b) with the cumulative effect in retained earnings at the beginning of the adoption period. The Company is currently evaluating the method of adoption and the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In July 2015, the FASB issued ASU 2015-11, <i>Inventory (Topic 330):</i><i>Simplifying the Measurement of </i><i>Inventory</i>. Under this ASU, inventory will be measured at the “lower of cost and net realizable value” and options that currently exist for “market value” will be eliminated. The ASU defines net realizable value as the “estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.” No other changes were made to the current guidance on inventory measurement. This accounting guidance is effective for the Company in financial reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In February 2016, the FASB issued ASU 2016-02, <i>Leases (Topic 842)</i>, which supersedes the lease accounting requirements in Topic 840. This ASU requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. The guidance also requires qualitative and specific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities, including significant judgments and changes in judgments. This accounting guidance is effective for the Company in annual financial reporting periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In March 2016, the FASB issued ASU 2016-09, <i>Compensation-Stock Compensation (Topic 718): </i><i>Improvements to Employee Share-Based Payment Accounting,</i> which is intended to simplify several aspects of the accounting for share-based payment transactions, including certain income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This accounting guidance is effective for the Company in annual financial reporting periods beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In June 2016, the FASB issued ASU 2016-13, <i>Financial Instruments - Credit Losses </i>(Topic 326<i>): </i><i>Measurement of Credit Losses on Financial Instruments</i>, which changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses, which the FASB believes will result in more timely recognition of such losses. This accounting guidance is effective for the Company in financial reporting periods beginning after December 15, 2019. Early adoption is permitted in financial reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact that the adoption of this accounting guidance may have on its consolidated financial statements.</p></div>
5021000
5581000
3000
32000
3000
3000
3000
32000
-939000
-637000
-1628000
4014000
3733000
3000
32000
3000
862000
1226000
1280000
48210000
923000
12176000
0
626000
0
0
1692000
0
0
14322000
0
0
819000
0
11689000
11393000
10834000
0
0
5000000
5000000
0.001
0.001
0
0
0
0
13420000
14315000
5757000
9673000
5640000
10589000
9294000
15832000
P5Y
P2Y
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Property and Equipment</i> - Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which range from two to five years. Leasehold improvements are amortized over the shorter of the estimated useful lives of the asset or the lease term.</p></div>
20419000
21551000
19505000
20323000
1228000
914000
8149000
58313000
41532000
5211000
3880000
3421000
50933000
7328000
70977000
8836000
200000
182000
216000
15400000
14900000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>17.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>QUARTERLY FINANCIAL DATA (Unaudited)</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes the Company’s information on total revenue, gross profit, net income (loss) and earnings per share by quarter for the fiscal years ended June 30, 2016 and 2015. This data was derived from the Company’s unaudited consolidated financial statements.</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="24" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Three Months Ended</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Jun. 30,<br /></b><b>2016</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Mar. 31,<br /></b><b>2016</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Dec. 31,<br /></b><b>2015</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Sept. 30,<br /></b><b>2015</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Jun. 30,<br /></b><b>2015</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Mar. 31,<br /></b><b>2015</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Dec. 31,<br /></b><b>2014</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 0px;"><b>Sept. 30,<br /></b><b>2014</b></div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="24" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 5px; padding-right: 0px;">(In thousands, except per share amounts)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">94,592</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">85,236</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">90,431</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">90,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">94,168</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">84,743</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">90,607</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">90,152</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Gross profit</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">59,487</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">52,436</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">57,885</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">58,012</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">59,607</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">49,922</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">55,270</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">53,764</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Net income (loss)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(744</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(8,707</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,545</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,114</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,727</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(2,621</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(6,862</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">352</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 12px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: -12px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Basic net income (loss) per common share</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.01</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.13</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.04</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.03</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.04</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.11</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.01</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 12px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: -12px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Diluted net income (loss) per common share</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.01</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.13</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.04</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.03</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.04</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.11</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.01</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Allowance for Doubtful Accounts - </i>The Company records an allowance for doubtful accounts based upon its assessment of various factors. The Company considers historical experience, the age of the accounts receivable balances, the credit quality of its customers, current economic conditions and other factors that may affect customers’ ability to pay to determine the level of allowance required.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The change in allowance for doubtful accounts is summarized as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">2014</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Allowance for doubtful accounts - beginning</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">631</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">636</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">639</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Current period provision</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">216</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">182</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">200</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;">Provision related to acquisition of a business </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> 79</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> -</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> -</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Write-offs charged to allowance, net of recoveries</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(248</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(187</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(203</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Allowance for doubtful accounts - ending</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">678</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">631</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">636</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
1479000
319000
393000
49758000
60509000
53352000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Research and Development Costs</i> – Research and development expenses primarily include personnel costs, outside engineering costs, professional services, prototype costs, test equipment, software usage fees and facilities expenses. Research and development expenses are recognized when incurred.</p></div>
-171567000
-176359000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="fpara" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Revenue Recognition</i> - The Company derives its revenue from the sale of hosted and premise based Unified Communication systems and services.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">When a sales arrangement contains multiple elements, such as hardware and software products and/or services, we allocate revenue to each element based on relative selling prices. The relative selling price is determined using vendor specific objective evidence of fair value (“VSOE”) when available. When VSOE cannot be established, the Company attempts to determine the third party evidence of selling price (“TPE”) for the deliverables. TPE is determined based on competitor prices for similar deliverables when sold separately by the competitors. Generally, our product offerings differ from those of our competitors and comparable pricing of our competitors is often not available. Therefore, we are typically not able to determine TPE. When we are unable to establish selling price using VSOE or TPE, we use estimated selling prices (“ESP”) in our allocation of arrangement fees. The ESP for a deliverable is determined as the price at which we would transact if the products or services were sold on a stand-alone basis.</p><p class="h4" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Product and Support and Services Revenues:</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The sale of IP telecommunication systems include hardware, primarily phones and voice switches, software components and may also include training, installation, professional services and post-contractual support for the products. The Company’s business strategy is centered on selling to enterprise customers through channel partners rather than directly. Channel partners include resellers as well as value-added distributors who in turn sell to the resellers. Sales to value-added distributors allow the Company to leverage its existing distribution infrastructure and sales personnel.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The typical system includes a combination of IP phones, switches and UC software applications. For sales transactions made both direct and to resellers revenue is recognized at the time of shipment provided that all the provisions of revenue recognition have been met. For sales to value-added distributors, revenue is initially deferred and is recognized at the time of sale by the distributor to their customer, provided all the provisions of revenue recognition have been met. The Company refers to this distribution approach as its two-tier distribution model and the recognition of revenue at the time of sale by the distributor as the sell through method.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company recognizes revenue when persuasive evidence of an arrangement exists, product has shipped or delivery has occurred (depending on when title passes), the sales price is fixed or determinable and free of contingencies and significant uncertainties, and collection is probable. The fee is considered fixed or determinable at the execution of an agreement, based on specific products and quantities to be delivered at specified prices. The agreements with reseller partners generally do not include rights of return or acceptance provisions. Even though substantially all of the contractual agreements do not provide return privileges, there are circumstances for which the Company will accept a return. The Company maintains a reserve for such returns based on historical experience with reseller partners. The agreements with the Company’s value-added distributors allow for limited rights of return of products generally purchased within the previous 90 days. In addition to such return rights, the Company generally offers price protection provisions to its distributors when there is a permanent reduction of its sales prices. In such cases, the Company is obligated to grant the distributor a credit for the difference between the changes in the aggregate price of any amounts that have been purchased but unsold by the distributor as of the effective date of such decrease. In addition, certain of the Company’s distributors stock phones and switches and purchase licenses only upon sale to a value added reseller or end customer. Revenue is deferred for distributors until the distributor sells the hardware and license to their customer which would constitute a complete configuration of our system. To the extent that the Company’s agreements contain acceptance terms, the Company recognizes revenue upon product acceptance, unless the acceptance provision is deemed to be perfunctory. Payment terms to customers generally range from net 30 to net 60 days. In the event payment terms are extended materially from the Company’s standard business practices, the fees are deemed to not be fixed or determinable and revenue is recognized when the payment becomes due. The Company assesses the ability to collect from its customers based on a number of factors, including credit worthiness and past transaction history of the customer. If the customer is not deemed credit worthy, the Company defers all revenue from the arrangement until payment is received and all other revenue recognition criteria have been met. Shipping charges billed to customers are included in product revenue and the related shipping costs are included in cost of product revenue. Provisions for return allowances are recorded at the time revenue is recognized based on the Company’s historical experience. The provision for return allowances is recorded as a reduction to revenues on the statement of operations and is included as a reduction to accounts receivable on the balance sheet.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Deferred revenue primarily consists of billings or payments received in advance of revenue recognition from the Company’s transactions and are recognized as the revenue recognition criteria are met. Nearly all of the Company’s system sales include the purchase of post-contractual support contracts with terms of up to five years, and the renewal rates on these contracts have been high historically. The Company recognizes support revenue on a ratable basis over the term of the support contract. Since the Company receives payment for support in advance of recognizing the related revenue, the Company carries a deferred revenue balance on the consolidated balance sheet.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Most of the products and services included in a premise-based system qualify as separate units of accounting. Many of the Company’s products have both software and non-software components that function together to deliver the essential functionality of the integrated system product. The Company analyzes all of its software and non-software products and services and considers the features and functionalities of the individual elements and the stand alone sales of those individual components among other factors, to determine which elements are essential or non-essential to the overall functionality of the integrated system product. The Company recognizes revenue related to installation services and training upon delivery of the service.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company’s core software, which we refer to as “essential software,” is integrated with hardware and is essential to the functionality of the integrated system product. The Company also sells additional software which provides increased features and functions, but is not essential to the overall functionality of the integrated system products, which we refer to as “non-essential software.” At the initial purchase, the customer generally bundles together the hardware, essential software, non-essential software, as needed, and up to five years of post-contractual support. Thereafter, if the enterprise customer increases its end users and system functionality, it may add more hardware, both essential and non-essential software components, and related post-contractual support by purchasing them separately.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The revenue for these multiple element arrangements is allocated to the non-essential software deliverables and the non-software deliverables based on the relative selling prices of all of the deliverables in the arrangement using the hierarchy in the accounting guidance. The non-essential software deliverables included in a multiple element arrangement are subject to the industry specific software revenue recognition guidance. As the Company has not been able to obtain VSOE for all of the non-essential software deliverables in the arrangement, revenue allocated to the delivered non-essential software elements is recognized using the residual method in accordance with industry specific software revenue recognition guidance. Under the residual method, the amount of revenue recognized for the delivered non-essential software elements equaled the total allocated consideration less the VSOE of any undelivered elements bundled with such non-essential software elements.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company has been able to establish VSOE for its professional and post contractual support services mainly based on the volume and the pricing of the stand-alone sales for these services within a narrow range. The Company establishes its ESP for products by considering factors including, but not limited to, geographies, customer segments and pricing practices. The determination of ESP is made through consultation with and formal approval by the Company’s management. The Company regularly reviews VSOE, TPE and ESP and maintains internal controls over the establishment and updates of these estimates.</p><p class="h4" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">Hosted and Related Services Revenues:</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company’s hosted and related services and solutions consist primarily of our proprietary hosted voice over Internet Protocol (“VoIP”) UC system as well as other services such as foreign and domestic calling plans, certain UC applications, internet service provisioning, training and other professional services. Additionally, the Company offers their customers the ability to purchase phones from them directly or rent such phones as part of their service agreements. The customers are not required to purchase phones from the Company directly as they can independently purchase such equipment. Customers enter into a one to three-year service agreement whereby they are billed for such services on a monthly basis.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Monthly recurring hosted services are recognized on a straight line basis in the period when the service is delivered. The installation fees are recognized on a straight-line basis over the estimated customer life.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company bills most of the monthly recurring hosted service revenue a month in advance. Any amounts billed and collected, but for which the service is not yet delivered, are included in deferred revenue. These amounts are recognized as revenues only when the service is delivered.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The Company maintains a reserve for credits provided to customers for outages, quality issues, billing disputes or changes in the service levels that are included in the amounts that were billed in advance. The reserve for such credits is based on historical experiences and trends. The Company also maintains a reserve for amounts that are deemed as uncollectible.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Channel Partner Programs and Incentives - </i>The Company records estimated reductions to revenues for channel partner programs and incentive offerings including special pricing agreements, promotions and other volume-based incentives. The Company also accrues for co-op marketing funds as a marketing expense if the Company receives an identifiable benefit in exchange and can reasonably estimate the fair value of the identifiable benefit received; otherwise, it is recorded as a reduction to revenues.</p></div>
4499000
P6Y5M19D
P4Y10M2D
P9Y0M7D
P8Y2M12D
P8Y6M
P6Y8M23D
P6Y1M13D
P5Y9M7D
P5Y0M7D
P6Y9M7D
P2Y1M24D
P7Y1M28D
4.68
11.20
7.45
3.94
7.26
8.35
6.57
4.31
5.42
6.70
5.86
P10Y
P10Y
P10Y
P10Y
P6Y9M7D
P5Y4M28D
P5Y1M2D
P0Y6M
P4Y11M23D
P5Y1M2D
P0Y6M
P0Y6M
P5Y1M17D
P5Y5M8D
P5Y0M14D
4.31
6.78
6.58
7.31
3.94
4.66
7.44
8.56
5.48
11.20
6.31
0.25
0.75
0.25
0.25
0.25
0.25
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The estimated future amortization expenses for intangible assets, excluding intangible assets in process and other, for the next five years and thereafter are as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; border-bottom: #000000 1pt solid; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 9px;">Years Ending June 30,</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; border-bottom: #000000 1pt solid; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;"></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2017</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,508</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2018</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,513</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2019</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,010</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2020</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,267</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">2021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">477</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Thereafter</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">13</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">18,788</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
359670000
360284000
338299000
29443000
29352000
307116000
330318000
330841000
31183000
94168000
90152000
90025000
85236000
84743000
94592000
90431000
90607000
75382000
73017000
65712000
181272000
184952000
158232000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table presents the gross notional value of all our foreign exchange forward contracts outstanding as of June 30, 2016 and 2015 (in thousands).</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 0px;">June 30, 2016</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 10px; padding-right: 10px;"><b>Local Currency<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 10px; padding-right: 0px;"><b>Notional<br /></b><b>Contract<br /></b><b>Amount (USD)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Australian dollar</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,800</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,316</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">British pound</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">£</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">830</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,088</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Canadian dollar</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">940</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">718</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Euro</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">€ </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,500</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,650</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">4,772</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><div> </div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 10px; padding-right: 10px;"><b>Local Currency<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 10px; padding-right: 0px;"><b>Notional<br /></b><b>Contract<br /></b><b>Amount (USD)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Australian dollar</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,420</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,840</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">British pound</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">£</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">910</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,429</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Canadian dollar</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">750</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">596</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Euro</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">€ </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,550</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,708</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">5,573</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">The provision for income taxes consists of the following (in thousands):</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif;"> </div><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 7px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 7px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Current:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Federal</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(129</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">159</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">74</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">State</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">100</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">528</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">336</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Foreign</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">685</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">299</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">166</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 26px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Total current income tax</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">656</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">986</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">576</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Deferred:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Federal</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">17</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">State</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Foreign</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(115</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(25</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 26px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Total deferred income tax</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(96</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(25</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Provision for income taxes</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">560</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">961</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">586</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">Significant components of deferred tax assets consist of the following (in thousands):</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif;"> </div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 0px;">June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 10px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 10px; padding-right: 0px;">2015</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 10px;">Deferred Tax Assets<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Net operating loss carryforwards</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">29,015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,990</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Tax credit carryforwards</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">20,659</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">17,176</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Stock compensation</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">11,295</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">12,105</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Other</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10,285</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">14,309</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Gross deferred tax assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">71,254</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">70,580</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Valuation allowance</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(69,413</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(66,213</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 26px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total deferred tax assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,841</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">4,367</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 10px;">Deferred Tax Liabilities<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Acquistion intangibles</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(1,927</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(4,282</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total deferred tax liabilities</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(1,927</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(4,282</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 26px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total net deferred tax assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(86</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">85</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes the Company’s stock option activities for the fiscal year ended June 30, 2016 (in thousands, except per share amounts):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Shares<br /></b><b>Subject to<br /></b><b>Options<br /></b><b>Outstanding</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Weighted-<br /></b><b>Average<br /></b><b>Exercise<br /></b><b>Price</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Weighted-<br /></b><b>Average<br /></b><b>Remaining<br /></b><b>Contractual<br /></b><b>Term<br /></b><b>(in years)</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 0px;"><b>Aggregate<br /></b><b>Intrinsic<br /></b><b>Value</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Balance at July 1, 2015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6,263</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.72</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Options granted</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,836</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.42</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Options exercised</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,341</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.87</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Options cancelled/forfeited</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(490</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.79</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Balance at June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">6,268</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.77</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,378</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Options exercisable at June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">3,469</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.86</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.41</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,499</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Vested and expected to vest at June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">5,388</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.19</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.47</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,232</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Revenue by geographic region is based on the ship to address on the customer order. The following presents total revenue by geographic region (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">United States of America</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">330,841</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">330,318</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">307,116</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">International</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">29,443</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">29,352</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">31,183</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">360,284</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">359,670</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">338,299</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following presents a summary by geographic region of long-lived assets, excluding deferred tax assets, other assets, and intangible assets (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 11px; padding-right: 0px;">As at June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 11px; padding-right: 11px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 11px; padding-right: 0px;">2015</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">United States of America</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">20,323</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">19,505</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">International</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,228</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">914</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">21,551</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">20,419</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">The components of loss before income taxes consist of the following (in thousands):</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;"> </div><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Domestic</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(5,375</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(4,416</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,008</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Foreign</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,143</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">973</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">543</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(4,232</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(3,443</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(465</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td></tr></table></div></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div>The fair value of each option is estimated on the date of grant using the Black-Scholes option valuation method, with the following assumptions:</div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">2016</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">2015</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Expected life from grant date of option</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">5.09-5.13 years</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">5.04-5.09 years</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 0px;">4.98-5.44 years</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Risk-free interest rate</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">1.24-1.59%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">1.45-1.70%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 0px;">1.44-1.66%</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Expected volatility</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">46-48%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">49-50%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 0px;">51-66%</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Expected dividend yield</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">0%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 4px;">0%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 4px; padding-right: 0px;">0%</div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The fair value of stock purchase rights granted under the ESPP is estimated using the Black-Scholes option pricing model, based on the following assumptions:</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 9px;">2016</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 9px;">2015</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Expected life from grant date of ESPP</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0.50 years</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0.50 years</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;">0.50 years</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Risk-free interest rate</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0.14-0.41%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0.06-0.09%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;">0.06-0.10%</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Expected volatility</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">29-37%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">35-43%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;">43-48%</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Expected dividend yield</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 9px;">0%</div></td><td align="center" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 9px; padding-right: 0px;">0%</div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Restricted stock award and restricted stock unit activity for the year ended June 30, 2016 is as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 11px; padding-right: 11px;">Shares</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 16%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 11px; padding-right: 0px;"><b>Weighted-<br /></b><b>Average<br /></b><b>Grant Date<br /></b><b>Fair Value</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Outstanding - July 1, 2015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,452</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Awarded</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,254</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.59</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Released</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(552</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.12</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Forfeited</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(227</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.47</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Outstanding - June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">1,927</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.99</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The aggregate annual changes in the balance of gross unrecognized tax benefits are as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Beginning balance</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,065</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,165</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,060</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Decrease in tax positions for prior years</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(24</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(471</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Increase in tax positions for current year</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,233</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">900</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">576</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Ending balance</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">6,274</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">5,065</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">4,165</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per common share (in thousands other than per share amounts):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 3px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 3px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 3px;">Numerator:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Net loss</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(4,792</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(4,404</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(1,051</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 3px;">Denominator:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Weighted average common shares outstanding (basic and diluted)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">66,405</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">63,953</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">61,191</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Net loss per share<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Basic and diluted</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(0.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(0.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(0.02</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The tables below set forth the Company’s financial instruments and liabilities measured at fair value on a recurring basis (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">June 30, 2016</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">Fair Value</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">Level 1</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">Level 2</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Level 3</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 5px;">Assets:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cash and cash equivalents:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Money market funds</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,533</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,533</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Short-term investments:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Corporate notes and commercial paper</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,363</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,363</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">U.S. Government agency securities</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">20,070</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">20,070</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total assets measured and recorded at fair value</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">49,966</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">3,533</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">46,433</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">The above table excludes $58.2 million of cash balances on deposit at banks.</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">Fair Value</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">Level 1</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">Level 2</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">Level 3</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 6px;">Assets:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Cash and cash equivalents:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Money market funds</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Short-term investments:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 13px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Corporate notes and commercial paper</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 59%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Total assets measured and recorded at fair value</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">12,050</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">4,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div>The primary areas of the purchase price allocation that are not yet finalized relate to deferred taxes and goodwill. The following is the preliminary purchase price allocation (in thousands):</div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 7px;">(in thousands)</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 7px; padding-right: 0px;"><b>Estimated useful lives<br /></b><b>(in years)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Cash acquired</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">224</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other current assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">386</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Intangible assets:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Customer relationships</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,300</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Goodwill</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,210</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other long-term assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">164</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other liabilities assumed</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(1,174</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">6,110</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div>The primary areas of the purchase price allocation that are not yet finalized relate to property and equipment, contingency accruals, deferred taxes and goodwill. The following is the preliminary purchase price allocation (in thousands):</div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 7px; padding-right: 7px;">(in thousands)</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 7px; padding-right: 0px;"><b>Estimated useful lives<br /></b><b>(in years)</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Cash acquired</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">227</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other current assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">933</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Intangible assets:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Existing technology</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,400</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Customer relationships</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">100</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Favorable leases</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">178</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Goodwill</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,489</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other long-term assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,301</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;">Other liabilities assumed</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(966</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 7px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,662</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes the Company’s information on total revenue, gross profit, net income (loss) and earnings per share by quarter for the fiscal years ended June 30, 2016 and 2015. This data was derived from the Company’s unaudited consolidated financial statements.</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="24" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Three Months Ended</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Jun. 30,<br /></b><b>2016</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Mar. 31,<br /></b><b>2016</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Dec. 31,<br /></b><b>2015</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Sept. 30,<br /></b><b>2015</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Jun. 30,<br /></b><b>2015</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Mar. 31,<br /></b><b>2015</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 5px;"><b>Dec. 31,<br /></b><b>2014</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 5px; padding-right: 0px;"><b>Sept. 30,<br /></b><b>2014</b></div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="24" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 5px; padding-right: 0px;">(In thousands, except per share amounts)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">94,592</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">85,236</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">90,431</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">90,025</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">94,168</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">84,743</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">90,607</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">90,152</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Gross profit</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">59,487</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">52,436</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">57,885</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">58,012</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">59,607</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">49,922</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">55,270</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">53,764</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Net income (loss)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(744</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(8,707</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,545</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,114</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,727</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(2,621</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(6,862</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">352</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 12px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: -12px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Basic net income (loss) per common share</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.01</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.13</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.04</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.03</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.04</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.11</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.01</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 12px; margin-top: 0px; width: 21%; margin-right: 0px; text-indent: -12px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Diluted net income (loss) per common share</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.01</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.13</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.04</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.03</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.07</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.04</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(0.11</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">0.01</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 12px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="h3" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; font-weight: normal; color: #000000; font-style: normal; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 26px;">The following is a summary of the Company’s intangible assets (in thousands):</p><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 3px;">June 30, 2016</div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 3px; padding-right: 0px;">June 30, 2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Carrying‎<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Accumulated‎<br /></b><b>Amortization</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Net<br /></b><b>Carrying‎<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Gross<br /></b><b>Carrying‎<br /></b><b>Amount</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 3px;"><b>Accumulated‎<br /></b><b>Amortization</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 3px; padding-right: 0px;"><b>Net<br /></b><b>Carrying‎<br /></b><b>Amount</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Patents</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,446</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(3,919</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">527</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4,446</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(3,640</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">806</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Technology</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">31,434</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(23,523</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,911</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">26,644</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(18,874</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,770</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Customer relationships</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">24,700</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(14,513</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">10,187</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">23,300</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(11,049</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">12,251</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Intangible assets in process and other</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">178</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(15</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">163</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,390</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,390</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 38%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 3px;">Intangible assets</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">60,758</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(41,970</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">18,788</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">55,780</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">(33,563</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 6%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">22,217</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div>Future minimum lease payments under the noncancelable operating leases as of June 30, 2016, are as follows (in thousands):</div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; border-bottom: #000000 1pt solid; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 8px;">Years Ending June 30,</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; border-bottom: #000000 1pt solid; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 8px; padding-right: 0px;"><b>Operating<br /></b><b>leases</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2017</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,744</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2018</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6,749</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2019</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,289</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2020</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,873</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">2021</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,097</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">Therafter</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,724</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 8px;">Total minimum lease payments</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">27,476</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">The difference between the provision for (benefit from) income taxes and the amount computed by applying the federal statutory income tax rate to loss before benefit from income tax is as follows (in thousands):</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif;"> </div><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Benefit from income tax at federal statutory rate</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,439</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,140</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(153</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Non deductible expenses</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">385</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">442</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">339</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Federal Alternative Minimum Tax</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(129</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">159</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">166</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Stock-based compensation</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">273</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">314</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">84</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Fair value of escrow settlement modification</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">225</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Credits</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(1,775</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(574</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(590</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">State taxes</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">100</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">528</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">337</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Other</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">201</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(56</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(102</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Increase in valuation allowance</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,944</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,063</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">505</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">560</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">961</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 5%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">586</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes the changes in the carrying value of goodwill for the years ended June 30, 2016 and 2015.</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 18%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 15px; padding-right: 0px;">Total</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;">As of June 30, 2014</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">122,750</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;">As of June 30, 2015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">122,750</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;">Addition</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">6,699</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 82%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 15px;">As of June 30, 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 15%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">129,449</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table shows total stock-based compensation expense included in the accompanying Consolidated Statements of Operations for the years ended June 30, 2016, 2015 and 2014 (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of product revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">64</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">74</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">69</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of hosted and related services revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,272</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,215</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">626</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of support and services revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">590</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">497</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">569</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Research and development</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,854</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,928</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,704</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Sales and marketing</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,569</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,391</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,996</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">General and administrative</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,522</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,308</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,352</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total stock-based compensation expense</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,871</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,413</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">7,316</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table summarizes information about outstanding and exercisable options at June 30, 2016 (in thousands, except years and exercise prices):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 4px;">Options Outstanding</div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 4px; padding-right: 0px;">Options Exercisable</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 0px; padding-right: 4px;">Exercise Prices</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Number<br /></b><b>Outstanding</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Weighted<br /></b><b>Average<br /></b><b>Remaining<br /></b><b>Contractual<br /></b><b>Life (Years)</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Weighted<br /></b><b>Average<br /></b><b>Exercise<br /></b><b>Price</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Number<br /></b><b>Outstanding</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 0px;"><b>Weighted<br /></b><b>Average<br /></b><b>Exercise<br /></b><b>Price</b></div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$3.20 - 4.25</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">523</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.02</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3.94</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">458</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3.94</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$4.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">710</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.73</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">571</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$4.35 - 5.08</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">677</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.84</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.66</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">606</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">4.68</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$5.10 - 6.39</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">655</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.77</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.48</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">479</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.42</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$6.40 - 6.61</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">760</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.16</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.58</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">423</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.57</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$6.62 - 7.10</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">680</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">8.20</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.78</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">203</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.70</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$7.11 - 7.35</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">804</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">8.50</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">14</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.26</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$7.41 - 7.60</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">627</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">9.02</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.44</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">53</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7.45</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$7.63 - 9.98</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">669</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.12</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">8.56</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">499</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">8.35</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">$10.37 - 13.73</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">163</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2.15</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">11.20</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">163</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">11.20</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 46%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">6,268</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.77</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.31</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">3,469</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5.86</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr></table></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>14.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>SEGMENT INFORMATION</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">ASC Topic 280, <i>Segment Reporting</i>, establishes standards for reporting information about operating segments, products and services, geographic areas of operations and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available and evaluated regularly by the chief operating decision maker or decision making group in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision-maker is its Chief Executive Officer (“CEO”). The CEO reviews financial information presented on a consolidated basis for purposes of making operating decisions and assessing financial performance. On this basis, the Company is organized and operates in a single segment: the design, development, marketing, and sale of business communication solutions.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Revenue by geographic region is based on the ship to address on the customer order. The following presents total revenue by geographic region (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">United States of America</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">330,841</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">330,318</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">307,116</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">International</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">29,443</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">29,352</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">31,183</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 64%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">360,284</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">359,670</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">338,299</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Revenue from one value-added distributor accounted for approximately 27%, 26% and 25% of the total revenue during the years ended June 30, 2016, 2015 and 2014, respectively.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following presents a summary by geographic region of long-lived assets, excluding deferred tax assets, other assets, and intangible assets (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 11px; padding-right: 0px;">As at June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 11px; padding-right: 11px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 11px; padding-right: 0px;">2015</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">United States of America</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">20,323</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">19,505</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">International</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">1,228</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">914</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 11px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">21,551</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">20,419</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
110977000
118931000
126123000
8871000
8413000
7316000
7.42
0.29
0.43
0.35
0.51
0.49
0.46
6.47
P10Y
P10Y
4.87
7.59
0.48
0.5
0.37
0.43
0.66
0.48
1836000
393538
641464
3200000
6.79
The Company has a stock-based employee compensation plan. Generally, stock options granted to employees vest 25% at one year and then 1/36th monthly thereafter, and restricted stock units issued generally vest 25% at one, two, three and four years, and have a term of ten years.
6.19
5.51
0.0006
0.0006
0.0144
0.0014
0.0145
0.0124
0.017
0.0166
0.0009
0.0159
0.0041
0.001
1254000
26773
227000
6.07
6.99
1452000
1927000
5.86
3469000
3200000
7300000
4900000
6.12
552000
0
0
0
0
0
0
6400000
5.72
6.31
490000
5232000
6263000
6268000
6.19
670329
737806
5388000
5378000
3.22
3.02
2.86
677000
655000
6268000
760000
523000
669000
680000
163000
804000
627000
710000
458000
499000
606000
423000
14000
163000
571000
203000
3469000
53000
479000
7.60
4.25
6.61
6.39
9.98
13.73
4.31
7.35
5.08
7.10
10.37
7.41
5.10
4.35
7.63
6.40
3.20
6.62
7.11
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Stock-Based Compensation</i> – The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. The Company has a stock-based employee compensation plan. Generally, stock options granted to employees vest 25% at one year and then 1/36<sup style="font-size: x-small; vertical-align: text-top; line-height: 1;">th</sup> monthly thereafter, and restricted stock units issued generally vest 25% at one, two, three and four years, and have a term of ten years.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The following table shows total stock-based compensation expense included in the accompanying Consolidated Statements of Operations for the years ended June 30, 2016, 2015 and 2014 (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">Year Ended June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 5px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 5px; padding-right: 0px;">2014</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of product revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">64</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">74</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">69</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of hosted and related services revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,272</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,215</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">626</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Cost of support and services revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">590</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">497</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">569</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Research and development</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,854</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,928</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,704</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Sales and marketing</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,569</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,391</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,996</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">General and administrative</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,522</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,308</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">2,352</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 5px;">Total stock-based compensation expense</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,871</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">8,413</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">7,316</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
46433000
8025000
0
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Software to be Sold, Leased or Marketed</i> - Development costs of computer software to be sold, leased, or otherwise marketed are subject to capitalization beginning when a product’s technological feasibility has been established and ending when a product is available for general release to customers. In most instances, the Company’s products are released soon after technological feasibility has been established; therefore, costs incurred subsequent to achievement of technological feasibility are usually not significant. Capitalized costs are amortized using the straight-line method over the estimated economic life of the product. The Company evaluates the realizability of the assets and the related periods of amortization on a regular basis. Judgment is required in determining when technological feasibility of a product is established as well as its economic life.</p></div>
The majority of the Company's products are covered by a one-year limited manufacturer's warranty.
2462000
2231000
3656000
19181000
20000000
0
200000
4500000
9300000
5800000
1341000
8068000
9309000
14970000
8068000
14970000
9309000
202729000
190128000
322260000
-166112000
156140000
-2000
0
344546000
-171567000
-176359000
1000
177384000
36000
-167163000
361691000
4000
379871000
-819000
0
0
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>3.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>BALANCE SHEET COMPONENTS</b></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">Balance sheet components consisted of the following:</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">As of June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 9px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 9px; padding-right: 0px;">(Amounts in thousands)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Inventories:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Raw materials</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">57</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">92</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Distributor inventory</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,677</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">965</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Finished goods</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10,754</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">13,996</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total inventories</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">12,488</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">15,053</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Property and equipment:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Computer equipment and tooling</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">50,933</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">41,532</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Software</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,328</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,211</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Furniture and fixtures</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,880</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,421</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Leasehold improvements & others</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,836</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,149</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total property and equipment</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">70,977</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">58,313</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Less accumulated depreciation and amortization</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(49,426</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(37,894</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Property and equipment – net</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">21,551</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">20,419</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Deferred revenue:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Product</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,433</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,912</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Support and services</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">59,465</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">57,967</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Hosted and related services</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">12,807</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10,396</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total deferred revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">77,705</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">71,275</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Depreciation expense for the years ended June 30, 2016, 2015 and 2014 was $11.9 million, $10.6 million and $8.4 million, respectively.</p></div>
indefinitely
Between 2023 and 2036
16200000
16200000
9902000
3917000
6.49
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="h2" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">12. TREASURY STOCK</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">In May 2016, the Board of Directors authorized the repurchase of up to $20.0 million of the Company's common stock from time to time at the discretion of our management. This stock repurchase authorization has no expiration date.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">Under these programs, the Company may repurchase shares in the open market and through privately negotiated transactions. Repurchases are funded with cash and cash generated from operations. The timing and amount of specific repurchase transactions will depend upon market conditions, corporate considerations and applicable legal and regulatory requirements. The Company accounts for repurchased shares of common stock as treasury stock. Treasury shares are recorded at cost and are included as a component of stockholders’ equity in our consolidated balance sheet.</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">A summary of the approved and active share buyback program is shown in the following table (in thousands, excluding transaction costs):</p><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Shares<br /></b><b>Repurchased</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Average Price<br /></b><b>per Share</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Value of<br /></b><b>Shares<br /></b><b>Repurchased</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 0px;"><b>Remaining<br /></b><b>Amount<br /></b><b>Authorized</b></div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 4px; padding-right: 0px;">(In thousands, except per share amounts)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Balance as of July 1, 2015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Authorization of repurchase shares in May 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">20,000</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Repurchase of common stock</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(126</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.49</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">819</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(819</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr style="height: 19px;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Balance as of June 30, 2016</div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">19,181</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div><div> </div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">There were no share repurchases in fiscal 2015 or 2014.</div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;"> </div><div style="font-size: 13px; font-family: 'Times New Roman', Times, serif; text-indent: 26px;">There were no retirements of treasury stock during fiscal years 2016, 2015, and 2014.</div></div>
819000
819000
126000
0
0
126000
819000
0
0
0
0
576000
1233000
900000
200000
4060000
4165000
5065000
6274000
24000
0
471000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Use of Estimates</i> - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. The use of estimates is included in certain areas including revenue recognition, allowance for doubtful accounts, stock-based compensation, inventory and other assets valuation, accrued taxes and surcharges, accounting for income taxes and accounting for goodwill and purchased intangible assets. Actual results could differ from those estimates.</p></div>
0
79000
0
66405000
63953000
61191000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><table cellpadding="0" cellspacing="0" class="group-list" style="padding-bottom: 0px; padding-top: 0px; margin-top: 0px; width: 100%;"><tr style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000;"><td class="group-filler" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; width: 0px;"></td><td class="group-list" style="font-size: 13px; font-family: Times New Roman, Times, Serif; vertical-align: top; color: #000000; text-align: left; width: 26px;"><b>10.</b></td><td class="group-item" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left;"><b>COMMON STOCK</b></td></tr></table><p class="h3" style="font-size: 13px; font-family: Times New Roman, Times, Serif; font-weight: bold; color: #000000; font-style: italic; text-align: left; padding-left: 0px; margin-right: 0px; text-indent: 0px;">Common Shares Reserved for Issuance</p><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">At June 30, 2016, the Company had reserved shares of common stock for issuance as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Reserved under stock option plans</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">14,596</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Reserved under employee stock purchase plan</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">378</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 87%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 10px;">Total</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">14,974</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
0.01
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 4%; margin-right: 0px; text-indent: 0px;">Balance sheet components consisted of the following:</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">As of June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 9px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 14%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 9px; padding-right: 0px;">2015</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="center" colspan="6" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 9px; padding-right: 0px;">(Amounts in thousands)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Inventories:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Raw materials</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">57</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">92</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Distributor inventory</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">1,677</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">965</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Finished goods</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10,754</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">13,996</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total inventories</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">12,488</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">15,053</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Property and equipment:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Computer equipment and tooling</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">50,933</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">41,532</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Software</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">7,328</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,211</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Furniture and fixtures</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,880</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">3,421</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Leasehold improvements & others</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,836</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">8,149</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total property and equipment</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">70,977</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">58,313</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Less accumulated depreciation and amortization</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(49,426</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(37,894</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Property and equipment – net</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">21,551</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">20,419</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;"></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Deferred revenue:<br /></div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Product</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">5,433</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">2,912</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Support and services</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">59,465</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">57,967</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Hosted and related services</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">12,807</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">10,396</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 13px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 9px;">Total deferred revenue</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">77,705</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">71,275</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
1677000
965000
126670000
87635000
105381000
61384000
54057000
60401000
56000
0
8475000
1
0.85
1
1
0.85
664000
664000
0
0
100000
1100000
2012
2008
2500000
600000
2100000
1
1
1
0.5
1400000
1
2
2700000
100000
1500000
1000000
3000000
1500000
1000000
P90D
P1Y
P3Y
P5Y
P30D
P60D
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Correction of Prior Period Error</i> - Subsequent to the issuance of the condensed consolidated financial statements as of and for the three months ended September 30, 2015, the Company determined installation revenue and related cost of revenue were being deferred and recognized over the contractual life for certain contracts that should have been recognized over the customer life. Accordingly, the accompanying consolidated financial statements reflect the Company’s correction of the consolidated statement of operations impact of the error for the fiscal years ended June 30, 2016, 2015 and 2014 and the condensed consolidated balance sheet impact as of June 30, 2015. As a result, hosted and related services revenue and cost of revenue were decreased by $1.0 million and $1.5 million for the fiscal years ended June 30, 2015 and 2014, respectively. Prepaid expense and other current assets was increased by $2.7 million, other assets was increased by $1.2 million, deferred revenue was increased by $1.0 million and long-term deferred revenue was increased by $3.0 million as of June 30, 2015. The cumulative impact of the correction on preceding period earnings is an increase to accumulated deficit of $0.1 million as of June 30, 2015. The correction did not affect the net cash provided by operating activities, net cash used in investing activities or net cash provided by financing activities for the fiscal years ended June 30, 2016, 2015 and 2014. The correction did not affect the net loss per share for the fiscal years ended June 30, 2016, 2015 and 2014. The foregoing corrections are not considered material by the Company.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="fpara" style="font-size: 13px; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;"><i>Treasury Shares</i> - From time to time, the Company repurchases shares of its common stock, depending on market conditions, in the open market, in accordance with programs authorized by the Board of Directors. Repurchased shares are held as treasury stock until such time as they are retired or re-issued. Retirements of treasury stock are non-cash equity transactions in which the reacquired shares are returned to the status of authorized but unissued shares and the cost is recorded as a reduction to both retained earnings and treasury stock.</p></div>
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">The change in allowance for doubtful accounts is summarized as follows (in thousands):</p><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="9" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">June 30,</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2016</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 6px;">2015</div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; font-weight: bold; padding-left: 6px; padding-right: 0px;">2014</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Allowance for doubtful accounts - beginning</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">631</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">636</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">639</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Current period provision</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">216</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">182</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">200</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;">Provision related to acquisition of a business </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> 79</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> -</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> -</td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"> </td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Write-offs charged to allowance, net of recoveries</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(248</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(187</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(203</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #ffffff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 72%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 6px;">Allowance for doubtful accounts - ending</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">678</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">631</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 7%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">636</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; background-color: #cceeff; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div>
-819000
<div style="font-family: 'Times New Roman'; font-size: 10pt;"><p class="para" style="font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; line-height: 16px; margin-right: 0px; text-indent: 26px;">A summary of the approved and active share buyback program is shown in the following table (in thousands, excluding transaction costs):</p><div><table align="center" style="border-collapse: collapse; margin-left: 0px; margin-top: 4px; width: 100%;"><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Shares<br /></b><b>Repurchased</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 13%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Average Price<br /></b><b>per Share</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 12%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 4px;"><b>Value of<br /></b><b>Shares<br /></b><b>Repurchased</b></div></td><td align="center" colspan="3" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 6px; margin-top: 0px; padding-right: 6px; width: 11%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; padding-left: 4px; padding-right: 0px;"><b>Remaining<br /></b><b>Amount<br /></b><b>Authorized</b></div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;"></div></td><td align="center" colspan="12" valign="bottom" style="margin-bottom: 0px; font-size: 10px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: center; padding-left: 0px; margin-top: 0px; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="font-weight: bold; padding-left: 4px; padding-right: 0px;">(In thousands, except per share amounts)</div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Balance as of July 1, 2015</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">—</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Authorization of repurchase shares in May 2016</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">20,000</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td></tr><tr style="background-color: #cceeff;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Repurchase of common stock</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">(126</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">6.49</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 1px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;">819</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: 1pt solid; whitespace: nowrap;">(819</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 1px; whitespace: nowrap;">)</div></td></tr><tr style="height: 19px;"><td align="left" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 51%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-left: 0px; padding-right: 4px;">Balance as of June 30, 2016</div></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; color: #000000; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"></td><td style="margin-bottom: 0px; font-size: 13px; font-family: 'Times New Roman', Times, serif; vertical-align: bottom; color: #000000; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 10%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="margin-right: -1px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 9%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 5px; margin-top: 0px; width: 2%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; margin-right: -1px; whitespace: nowrap;">$</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: right; padding-left: 0px; margin-top: 0px; width: 8%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="border-bottom: black 3pt double; whitespace: nowrap;">19,181</div></td><td align="right" valign="bottom" style="margin-bottom: 0px; font-size: 13px; font-family: Times New Roman, Times, Serif; color: #000000; padding-bottom: 4px; text-align: left; padding-left: 0px; margin-top: 0px; width: 1%; margin-right: 0px; text-indent: 0px;"><div class="group-p" style="padding-bottom: 4px; whitespace: nowrap;"> </div></td></tr></table></div></div>
0
0
3368000
160000
0
333000
0
-320000
0
874000
-5985000
-2284000
0
-2022000
-671000
0.35
2400000
10900000
166000
-129000
159000
0
225000
0
2500000
Between 2018 and 2036
Between 2023 and 2036
Between 2018 and 2036
3700000