Bottomline (EPAY) 10-Q 8 Feb 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2017	Jan. 31, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	EPAY
Entity Registrant Name	BOTTOMLINE TECHNOLOGIES INC /DE/
Entity Central Index Key	1,073,349
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		40,680,451

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 64,051	$ 124,569
Cash and cash equivalents, held for customers	3,481
Marketable securities	10,004	1,973
Accounts receivable net of allowances for doubtful accounts of $973 at December 31, 2017 and $923 at June 30, 2017	78,073	64,244
Prepaid expenses and other current assets	18,556	16,807
Total current assets	174,165	207,593
Property and equipment, net	27,199	26,195
Goodwill	202,083	194,700
Intangible assets, net	173,266	171,280
Other assets	18,058	17,671
Total assets	594,771	617,439
Current liabilities:
Accounts payable	10,268	9,013
Accrued expenses and other current liabilities	28,411	29,179
Customer account liabilities	3,481
Deferred revenue	59,835	74,113
Convertible senior notes		183,682
Total current liabilities	101,995	295,987
Borrowings under credit facility	150,000
Deferred revenue, non-current	25,172	22,047
Deferred income taxes	13,452	15,433
Other liabilities	22,202	22,016
Total liabilities	312,821	355,483
Stockholders' equity
Preferred Stock, $.001 par value: Authorized shares-4,000; issued and outstanding shares-none
Common Stock, $.001 par value: Authorized shares-100,000; issued shares-44,075 at December 31, 2017 and 42,797 at June 30, 2017; outstanding shares-38,197 at December 31, 2017 and 37,443 at June 30, 2017	44	43
Additional paid-in-capital	660,701	624,001
Accumulated other comprehensive loss	(29,671)	(32,325)
Treasury stock: 5,878 shares at December 31, 2017 and 5,354 shares at June 30, 2017, at cost	(131,528)	(113,071)
Accumulated deficit	(217,596)	(216,692)
Total stockholders' equity	281,950	261,956
Total liabilities and stockholders' equity	$ 594,771	$ 617,439

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Statement of Financial Position [Abstract]
Accounts receivable, net of allowances for doubtful accounts and returns	$ 973	$ 923
Preferred Stock, $.001 par value	$ 0.001	$ 0.001
Preferred Stock, Authorized shares	4,000,000	4,000,000
Preferred Stock, Issued shares	0	0
Preferred Stock, Outstanding shares	0	0
Common Stock, $.001 par value	$ 0.001	$ 0.001
Common Stock, Authorized shares	100,000,000	100,000,000
Common Stock, Issued shares	44,075,000	42,797,000
Common Stock, Outstanding shares	38,197,000	37,443,000
Treasury stock, shares	5,878,000	5,354,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Revenues:
Subscriptions and transactions	$ 63,187	$ 55,644	$ 123,901	$ 107,776
Software licenses	2,620	3,492	4,985	5,613
Service and maintenance	28,433	25,920	55,775	53,593
Other	955	1,672	1,830	2,830
Total revenues	95,195	86,728	186,491	169,812
Cost of revenues:
Subscriptions and transactions	27,201	24,782	54,612	48,668
Software licenses	229	196	399	324
Service and maintenance	12,968	13,416	25,200	26,701
Other	701	1,178	1,368	2,056
Total cost of revenues	41,099	39,572	81,579	77,749
Gross profit	54,096	47,156	104,912	92,063
Operating expenses:
Sales and marketing	21,396	19,325	40,701	38,200
Product development and engineering	13,892	13,082	27,707	26,017
General and administrative	10,981	11,772	22,810	24,476
Amortization of acquisition-related intangible assets	5,702	6,090	10,890	12,375
Goodwill impairment charge		7,529		7,529
Total operating expenses	51,971	57,798	102,108	108,597
Income (loss) from operations	2,125	(10,642)	2,804	(16,534)
Other expense, net	(3,532)	(4,182)	(7,995)	(8,117)
Loss before income taxes	(1,407)	(14,824)	(5,191)	(24,651)
Income tax benefit	4,495	4,478	4,038	3,797
Net income (loss)	$ 3,088	$ (10,346)	$ (1,153)	$ (20,854)
Net income (loss) per share:
Basic	$ 0.08	$ (0.27)	$ (0.03)	$ (0.55)
Diluted	$ 0.08	$ (0.27)	$ (0.03)	$ (0.55)
Shares used in computing net income (loss) per share:
Basic	38,087	37,769	37,908	37,854
Diluted	39,344	37,769	37,908	37,854
Other comprehensive income (loss), net of tax:
Unrealized loss on available for sale securities	$ (3)	$ (49)	$ (3)	$ (106)
Unrealized gain on interest rate hedging transactions (net of income tax provision of $248 for the three and six months ended December 31, 2017)	604		369
Minimum pension liability adjustments	38	610	142	625
Foreign currency translation adjustments	773	(8,402)	2,146	(9,459)
Other comprehensive income (loss), net of tax:	1,412	(7,841)	2,654	(8,940)
Comprehensive income (loss)	$ 4,500	$ (18,187)	$ 1,501	$ (29,794)

Consolidated Statements of Com5

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2017
Income Statement [Abstract]
Income tax provision	$ 248	$ 248

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating activities:
Net loss	$ (1,153)	$ (20,854)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization of acquisition-related intangible assets	10,890	12,375
Stock compensation expense	16,540	16,855
Depreciation and other amortization	9,543	8,241
Goodwill impairment charge		7,529
Deferred income tax benefit	(4,745)	(5,200)
Provision for allowances on accounts receivable	75	14
Amortization of debt issuance costs	711	618
Amortization of debt discount	5,574	6,208
Amortization of premium (discount) on investments	(5)	148
Gain (loss) on disposal of equipment	(10)	36
Gain on foreign exchange	(26)	(122)
Changes in operating assets and liabilities:
Accounts receivable	(12,326)	2,519
Prepaid expenses and other current assets	(1,089)	(956)
Other assets	926	520
Accounts payable	(145)	(209)
Accrued expenses	(1,932)	305
Deferred revenue	(12,443)	(11,155)
Other liabilities	(697)	706
Net cash provided by operating activities	9,688	17,578
Investing activities:
Acquisition of businesses, net of cash acquired	(13,747)
Purchase of available-for-sale securities	(9,935)	(8,833)
Proceeds from sales of available-for-sale securities	1,903	28,178
Capital expenditures, including capitalization of software costs	(9,137)	(15,345)
Proceeds from disposal of property and equipment	10
Net cash provided by (used in) investing activities	(30,906)	4,000
Financing activities:
Repurchase of common stock		(14,971)
Repayment of convertible senior notes	(189,750)
Amounts borrowed under revolving credit facility	150,000
Repayment of notes payable	(2,204)
Debt issuance costs related to credit facility		(2,137)
Proceeds from exercise of stock options and employee stock purchase plan	1,705	1,412
Net cash used in financing activities	(40,249)	(15,696)
Effect of exchange rate changes on cash	949	(3,444)
Increase (decrease) in cash and cash equivalents	(60,518)	2,438
Cash and cash equivalents at beginning of period	124,569	97,174
Cash and cash equivalents at end of period	64,051	$ 99,612
Supplemental disclosures of non-cash financing activities:
Issuance of note payable to seller in connection with acquisition	1,836
Issuance of common stock upon conversion of convertible senior notes	19,736
Receipt of common stock upon settlement of Note Hedges	$ 19,964

Basis of Presentation

Basis of Presentation	6 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Note 1—Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Bottomline Technologies (de), Inc. (referred to below as we, us, our or Bottomline) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q S-X. 10-K

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Dec. 31, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 2—Recent Accounting Pronouncements Recently Adopted Pronouncements Cloud Computing Arrangements: Share-Based Compensation Note 7 Income Taxes We adopted the cash flow presentation of excess tax benefits retrospectively, which resulted in the reclassification of excess tax benefits associated with stock compensation of $0.06 million from financing activities to operating activities for the six months ended December 31, 2016 in our consolidated statement of cash flows. The new standard also allows companies to make an accounting policy election to either estimate expected forfeitures or account for them as they occur, and we have elected to continue to estimate forfeitures. Consolidation: Accounting Pronouncements to be Adopted Revenue Recognition: We are continuing to evaluate the expected impact of this standard on our consolidated financial statements and currently plan to adopt the standard using the modified retrospective method. While our assessment of the impact of this standard is not complete, we currently believe that the most significant impacts will be in certain areas: • Under the new standard, vendor specific objective evidence (VSOE) will no longer be required to determine the fair value of elements in a software arrangement. As a result, the absence of VSOE in certain software arrangements will no longer result in strict revenue deferral. Absent a change in how we license our products, we believe that this will result in greater up-front • Under the new standard, certain expenses we incur will require deferral and recognition over the period in which revenue is recognized, subject to certain exceptions. We believe that this will result in the deferral of certain fulfillment costs associated with our SaaS offerings which would then be recognized as expense over a multi-year period; such costs are expensed directly as incurred today. • Under the new standard, costs to obtain a contract, including sales commissions, will be capitalized and amortized on a basis that is consistent with the transfer of goods and services to its customer. We anticipate that this will result in the deferral of certain commission related costs that, today, are expensed as incurred. • Significantly enhanced financial statement disclosures related to revenue, including information related to the allocation of transaction price across undelivered performance obligations, will be required. However, we are unable to quantify the impact of these outcomes at this time, nor can we ensure that our continuing analysis and interpretation of the standard will result in these financial reporting outcomes or additional material impacts could be identified. Financial Instruments—Classification and Measurement: Leases: right-of-use Financial Instruments—Credit Losses: Statement of Cash Flows: Goodwill Impairment: Defined Benefit Plan Expenses: non-operating non-operating

Fair Value

Fair Value	6 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value	Note 3—Fair Value Fair Values of Assets and Liabilities We measure fair value at the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the assumptions that market participants would use in pricing an asset or liability (the inputs) are based on a tiered fair value hierarchy consisting of three levels, as follows: Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets. Level 2: Other inputs that are observable directly or indirectly, such as quoted prices for similar instruments in active markets or for similar markets that are not active. Level 3: Unobservable inputs for which there is little or no market data and which require us to develop our own assumptions about how market participants would price the asset or liability. Valuation techniques for assets and liabilities include methodologies such as the market approach, the income approach or the cost approach, and may use unobservable inputs such as projections, estimates and management’s interpretation of current market data. These unobservable inputs are only utilized to the extent that observable inputs are not available or cost-effective to obtain. At December 31, 2017 and June 30, 2017, our assets and liabilities measured at fair value on a recurring basis were as follows: December 31, 2017 June 30, 2017 Fair Value Measurements Fair Value Measurements Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in thousands) Assets Money market funds (cash and cash equivalents) $ 89 $ — $ — $ 89 $ 593 $ — $ — $ 593 Available for sale securities Debt U.S. Corporate $ — $ 3,475 $ — $ 3,475 $ — $ 1,906 $ — $ 1,906 Government— U.S. — 6,461 — 6,461 — — — — Total available for sale securities $ — $ 9,936 $ — $ 9,936 $ — $ 1,906 $ — $ 1,906 Derivative interest rate swap $ — $ 782 $ — $ 782 $ — $ — $ — $ — Liabilities Derivative interest rate swap $ — $ 165 $ — $ 165 $ — $ — $ — $ — Fair Value of Financial Instruments We have certain financial instruments which consist of cash and cash equivalents, cash and cash equivalents held for customers, marketable securities, accounts receivable, accounts payable, customer account liabilities, a derivative interest rate swap as more fully described in Note 11 Derivative Instruments Note 10 Indebtedness . • Cash and cash equivalents, cash and cash equivalents held for customers, accounts receivable, accounts payable and customer account liabilities fair value approximates their carrying values, due to the short-term nature of these instruments. • Marketable securities classified as held to maturity, all of which mature within one year, are recorded at amortized cost, which at December 31, 2017 and June 30, 2017, approximated fair value. • Marketable securities classified as available for sale are recorded at fair value. Unrealized gains and losses are included as a component of accumulated other comprehensive loss in stockholders’ equity, net of tax. We use the specific identification method to determine any realized gains or losses from the sale of our marketable securities classified as available for sale. • The fair value of our derivative interest rate swap is based on the present value of projected cash flows that will occur over the life of the instrument, after considering certain contractual terms of the arrangement. • The carrying value of assets related to deposits we have made to fund future requirements associated with Israeli severance arrangements was $1.5 million at both December 31, 2017 and June 30, 2017, which approximated their fair value. • We have certain other investments accounted for at cost. The carrying value of these investments was $7.7 million at both December 31, 2017 and June 30, 2017 and are reported as a component of our other assets. These investments are recorded at cost, less any write-downs for other-than-temporary impairment charges. To determine the fair value of these investments, we use all available financial information including information based on recent or pending third-party equity investments in these entities. In certain instances, a cost method investment’s fair value may not be estimated if there are no identified events or changes in circumstances that would indicate a significant adverse effect on the fair value of the investment and to do so would be impractical, and as a result, we have not estimated the fair value of these investments. • We have borrowings of $150 million against our Credit Facility (refer to Note 10 Indebtedness Marketable Securities The table below presents information regarding our marketable securities by major security type as of December 31, 2017 and June 30, 2017. December 31, 2017 June 30, 2017 Held to Available Total Held to Available Total (in thousands) Marketable securities: Corporate and other debt securities $ 68 $ 9,936 $ 10,004 $ 67 $ 1,906 $ 1,973 Total marketable securities $ 68 $ 9,936 $ 10,004 $ 67 $ 1,906 $ 1,973 The following table summarizes the estimated fair value of our investments in available for sale marketable securities classified by the contractual maturity date of the securities: December 31, 2017 (in thousands) Due within 1 year $ 9,936 Due in 1 year through 5 years — Total $ 9,936 All of our available for sale marketable securities are included in current assets as we do not have the positive intent to hold these investments until maturity and view these investments as available to fund current operations. At December 31, 2017, the difference between the fair value of our available for sale securities and their amortized cost was not significant. The following table presents the aggregate fair values and gross unrealized losses for those available for sale investments that were in an unrealized loss position as of December 31, 2017 and June 30, 2017, aggregated by investment category and the length of time that individual securities have been in a continuous loss position: At December 31, 2017 At June 30, 2017 Less than 12 Months Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) U.S. Corporate $ 3,475 $ (2 ) $ 1,628 $ (1 ) Government—U.S. 6,461 (4 ) — — Total $ 9,936 $ (6 ) $ 1,628 $ (1 )

Acquisitions and Other Investme

Acquisitions and Other Investments	6 Months Ended
	Dec. 31, 2017
Text Block [Abstract]
Acquisitions and Other Investments	Note 4—Acquisitions and Other Investments First Capital Cashflow Ltd. On October 4, 2017, we acquired First Capital Cashflow Ltd. (FCC) for 10.5 million British Pound Sterling (approximately $13.9 million based on the exchange rate in effect at the acquisition date) in cash and 42,080 shares of our common stock. The shares, which were issued to the selling stockholders of FCC who became employees of Bottomline, have vesting conditions tied to continued employment; as such the shares are compensatory and we will record share-based payment expense over the underlying stock vesting period of five years. FCC is headquartered and operates in the United Kingdom and is a provider of transaction settlement solutions. The acquisition is expected to strengthen our payment solution capabilities and further enhance our ability to provide secure, scalable technology solutions that enable customers to adapt to and leverage changes in the business payments environment. For the period ended December 31, 2017, our consolidated balance sheet reflects $3.5 million of cash and cash equivalents held for customers and a corresponding $3.5 million of customer account liabilities. Cash and cash equivalents held for customers and customer account liabilities arise as a by-product In the allocation of the purchase price, which is preliminary at December 31, 2017, we recorded $4.7 million of goodwill. The goodwill is not deductible for income tax purposes and arose principally due to anticipated future benefits arising from the acquisition. Identifiable intangible assets of $10.5 million, consisting of customer related and other intangible assets, are being amortized over a weighted average estimated useful life of eleven years. FCC’s operating results are included in the Payments and Transactional Documents segment from the date of the acquisition forward and did not have a material impact on our revenue or earnings. Decillion On August 14, 2017, we acquired Singapore-based Decillion Group (Decillion) for total consideration of 6.2 million Singapore Dollars (approximately $4.6 million based on the exchange rate in effect at the acquisition date), consisting of cash of $2.8 million and a note payable of $1.8 million. The note is payable in equal installments over ten quarters starting during the three months ended September 30, 2017. Decillion is a financial messaging solution provider in the Asia Pacific region. Headquartered in Singapore, Decillion has offices in Australia, China, Indonesia, Malaysia and Thailand and they operate a SWIFT service bureau which connects more than 130 financial institutions and corporations to the SWIFT community. This acquisition expands the depth and breadth of our financial messaging solutions, particularly in the Asia Pacific region. In the allocation of the purchase price, which is preliminary at December 31, 2017, we recorded $1.4 million of goodwill. The goodwill is not deductible for income tax purposes and arose principally due to anticipated future benefits arising from the acquisition. Identifiable intangible assets of $2.4 million, consisting of customer related intangible assets, are being amortized over their estimated useful life of twelve years. Decillion’s operating results have been included in our Cloud Solutions segment from the date of the acquisition forward and did not have a material impact on our revenue or earnings. Acquisition expenses of approximately $0.8 million were expensed during the six months ended December 31, 2017 related to the Decillion and FCC acquisitions, principally as a component of general and administrative expense. Other Investments In December 2015, we made a $3.5 million investment in preferred stock of a privately held, early-stage technology company. We have the ability to exercise significant influence over this company; however, we have no ability to exercise control. Investments in common stock or in-substance In-substance in-substance We concluded that this company is a VIE as it lacks sufficient equity to finance its activities. However, we also concluded that we are not the primary beneficiary of the VIE as we do not have the power to exert control or direct the activities that most significantly impact the VIE’s economic performance. As we have determined we are not the primary beneficiary, consolidation of the VIE is not required.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	6 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Note 5—Net Income (Loss) Per Share The following table sets forth the computation of basic and diluted net income (loss) per share: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands, except per share amounts) Numerator—basic and diluted: Net income (loss) $ 3,088 $ (10,346 ) $ (1,153 ) $ (20,854 ) Denominator: Shares used in computing basic net income (loss) per share attributable to common stockholders 38,087 37,769 37,908 37,854 Impact of dilutive securities 1,257 — — — Shares used in computing diluted net income (loss) per share attributable to common stockholders 39,344 37,769 37,908 37,854 Basic net income (loss) per share attributable to common stockholders $ 0.08 $ (0.27 ) $ (0.03 ) $ (0.55 ) Diluted net income (loss) per share attributable to common stockholders $ 0.08 $ (0.27 ) $ (0.03 ) $ (0.55 ) For the six months ended December 31, 2017, approximately 2.8 million shares of unvested restricted stock and stock options were excluded from the calculation of diluted earnings per share as their effect on the calculation would have been anti-dilutive. For the three and six months ended December 31, 2016, approximately 3.0 million and 3.1 million shares, respectively, of unvested restricted stock and stock options were excluded from the calculation of diluted earnings per share as their effect on the calculation would have been anti-dilutive.

Operations by Segments and Geog

Operations by Segments and Geographic Areas	6 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Operations by Segments and Geographic Areas	Note 6—Operations by Segments and Geographic Areas Segment Information Operating segments are the components of our business for which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Our chief operating decision maker is our chief executive officer. Our operating segments are organized principally by the type of product or service offered and by geography. During the quarter ended December 31, 2017 we changed the name of one of our reportable segments to Banking Solutions from Digital Banking, and that name change is reflected in the discussion that follows. Similar operating segments have been aggregated into four reportable segments as follows: Cloud Solutions. Paymode-X). Banking Solutions. Payments and Transactional Documents. Other non-invasively Periodically a sales person in one operating segment will sell products and services that are typically sold within a different operating segment. In such cases, the transaction is generally recorded by the operating segment to which the sales person is assigned. Accordingly, segment results can include the results of transactions that have been allocated to a specific segment based on the contributing sales resources, rather than the nature of the product or service. Conversely, a transaction can be recorded by the operating segment primarily responsible for delivery to the customer, even if the sales person is assigned to a different operating segment. Our chief operating decision maker assesses segment performance based on a variety of factors that normally include segment revenue and a segment measure of profit or loss. Each segment’s measure of profit or loss is on a pre-tax We do not track or assign our assets by operating segment. Segment information for the three and six months ended December 31, 2017 and 2016 according to the segment descriptions above, is as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Segment revenue: Cloud Solutions (1) $ 44,518 $ 38,032 $ 86,962 $ 73,589 Banking Solutions 20,954 19,464 42,275 37,650 Payments and Transactional Documents 25,343 24,815 48,392 49,661 Other 4,380 4,417 8,862 8,912 Total segment revenue $ 95,195 $ 86,728 $ 186,491 $ 169,812 Segment measure of profit (loss): Cloud Solutions $ 9,650 $ 6,778 $ 19,034 $ 12,231 Banking Solutions 1,148 1,043 3,309 1,068 Payments and Transactional Documents 7,734 7,617 14,094 15,193 Other (903 ) (913 ) (1,387 ) (1,358 ) Total measure of segment profit $ 17,629 $ 14,525 $ 35,050 $ 27,134 (1) Revenues from our legal spend management solutions were $16.1 million and $14.7 million for the three months ended December 31, 2017 and 2016, respectively. Revenues from our settlement network solutions were $28.4 million and $23.3 million for the three months ended December 31, 2017 and 2016, respectively. Revenues from our legal spend management solutions were $31.6 million and $27.7 million for the six months ended December 31, 2017 and 2016, respectively. Revenues from our settlement network solutions were $55.4 million and $45.9 million for the six months ended December 31, 2017 and 2016, respectively. A reconciliation of the measure of total segment profit to GAAP loss before income taxes is as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Total measure of segment profit $ 17,629 $ 14,525 $ 35,050 $ 27,134 Less: Amortization of acquisition-related intangible assets (5,702 ) (6,090 ) (10,890 ) (12,375 ) Goodwill impairment charge — (7,529 ) — (7,529 ) Stock-based compensation expense (8,080 ) (8,656 ) (16,540 ) (16,855 ) Acquisition and integration-related expenses (380 ) (522 ) (1,372 ) (1,771 ) Restructuring benefit — — 9 — Minimum pension liability adjustments (3 ) (264 ) (38 ) (541 ) Global ERP system implementation and other costs (1,339 ) (2,106 ) (3,415 ) (4,597 ) Other expense, net (3,532 ) (4,182 ) (7,995 ) (8,117 ) Loss before income taxes $ (1,407 ) $ (14,824 ) $ (5,191 ) $ (24,651 ) The following depreciation and other amortization expense amounts are included in the measure of segment profit (loss): Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Depreciation and other amortization expense: Cloud Solutions $ 2,535 $ 1,860 $ 4,978 $ 3,700 Banking Solutions 1,537 1,436 3,029 2,806 Payments and Transactional Documents 705 749 1,344 1,554 Other 98 109 192 181 Total depreciation and other amortization expense $ 4,875 $ 4,154 $ 9,543 $ 8,241 Geographic Information We have presented geographic information about our revenues below. This presentation allocates revenue based on the point of sale, not the location of the customer. Accordingly, we derive revenues from geographic locations based on the location of the customer that would vary from the geographic areas listed here; particularly in respect of financial institution customers located in Australia for which the point of sale was North America and customers located in Africa for which the point of sale was the Middle East. Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) North America $ 59,036 $ 56,190 $ 116,606 $ 106,712 United Kingdom 22,468 19,313 42,539 40,144 Continental Europe 10,120 9,182 20,531 18,534 Asia-Pacific and Middle East 3,571 2,043 6,815 4,422 Total revenues from unaffiliated customers $ 95,195 $ 86,728 $ 186,491 $ 169,812 Long-lived assets based on geographical location, excluding deferred tax assets and intangible assets, were as follows: At December 31, At June 30, 2017 2017 (in thousands) Long-lived assets: North America $ 36,211 $ 35,569 United Kingdom 5,767 5,188 Continental Europe 921 1,208 Asia-Pacific and Middle East 2,357 1,901 Total long-lived assets $ 45,256 $ 43,866

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 7—Income Taxes The income tax expense we record in any interim period is based on our estimated effective tax rate for the fiscal year for those tax jurisdictions in which we can reliably estimate our effective tax rate. The calculation of our estimated effective tax rate requires an estimate of pre-tax pre-tax year-to-date The Tax Cuts and Jobs Act (the “Tax Act”) was signed into U.S. law on December 22, 2017 and makes broad and complex changes to the U.S. tax code. This legislation contains a variety of income tax changes, including a reduction to the federal corporate income tax rate from 35% to 21%, a repeal of the corporate alternative minimum tax, a one-time The Tax Act resulted in three immediate consequences to us, as follows: • Assessing whether we would incur any tax liability under the one-time un-repatriated one-time • Re-valuing re-valuation non-recurring • Recognizing the ability to recover amounts paid for alternative minimum tax non-recurring All of our accounting calculations, estimates and financial reporting positions for consequences arising from the Tax Act are incomplete and preliminary as of December 31, 2017. In particular, we are completing our assessment of un-repatriated on-going to-date. We have not changed our permanent reinvestment assertions as of the period ended December 31, 2017. We recorded an income tax benefit of $4.5 million for each of the three months ended December 31, 2017 and 2016. The income tax benefit for the three months ended December 31, 2017 includes the discrete tax benefit of $4.4 million relating to the consequences of the Tax Act as discussed above. Additionally, we recorded an income tax benefit associated with our Swiss and Israeli operations, offset in part by income tax expense principally associated with our U.S. and UK operations. Tax expense associated with our U.S. operations arose primarily as a result of deferred tax expense for goodwill that is deductible for tax purposes but not amortized for financial reporting purposes. The income tax benefit for the three months ended December 31, 2016 was due to a discrete tax benefit in Switzerland of $4.5 million related to the impairment of its investment in Intellinx Ltd. (a wholly owned subsidiary). We also recorded tax expense associated with our U.S. and UK operations, offset by a tax benefit associated with our Swiss and Israeli operations. We recorded an income tax benefit of $4.0 million and $3.8 million for the six months ended December 31, 2017 and 2016, respectively. The income tax benefit for the six months ended December 31, 2017 includes the discrete tax benefit of $4.4 million relating to the consequences of the Tax Act as discussed above. Additionally, we recorded income tax expense principally associated with our U.S. and UK operations, offset in part by a tax benefit associated with our Swiss and Israeli operations. Tax expense associated with our U.S. operations arose primarily as a result of deferred tax expense for goodwill that is deductible for tax purposes but not amortized for financial reporting purposes. The income tax benefit for the six months ended December 31, 2016 was due to a discrete tax benefit in Switzerland of $4.5 million related to the impairment of its investment in Intellinx Ltd. We also recorded tax expense associated with our U.S. and UK operations, offset by a tax benefit associated with our Swiss and Israeli operations. We currently anticipate that our unrecognized tax benefits will decrease within the next twelve months by approximately $0.4 million as a result of the expiration of certain statutes of limitations associated with intercompany transactions subject to tax in multiple jurisdictions. We record a deferred tax asset if we believe that it is more likely than not that we will realize a future tax benefit. Ultimate realization of any deferred tax asset is dependent on our ability to generate sufficient future taxable income in the appropriate tax jurisdiction before the expiration of carryforward periods, if any. Our assessment of deferred tax asset recoverability considers many different factors including historical and projected operating results, the reversal of existing deferred tax liabilities that provide a source of future taxable income, the impact of current tax planning strategies and the availability of future tax planning strategies. We establish a valuation allowance against any deferred tax asset for which we are unable to conclude that recoverability is more likely than not. Effective July 1, 2017, we adopted a new accounting standard intended to simplify certain aspects of accounting for share-based compensation arrangements, including the associated income tax consequences. Upon adoption, excess tax benefits associated with share-based compensation arrangements that previously were only recognized for financial reporting purposes when they actually reduced currently payable income taxes were recognized as deferred tax assets, net of any required valuation allowance. Accordingly, after adoption, we recognized the following: (in thousands) Increase to deferred tax assets for excess tax benefits $ 17,393 Increase to deferred tax asset valuation allowance (17,144 ) Net increase to deferred tax assets $ 249 This net increase to our deferred tax assets was recorded as a cumulative effect adjustment, reducing the accumulated deficit in our consolidated balance sheet. During the quarter ended December 31, 2017 we reduced the carrying value of our U.S. deferred tax assets (including the corresponding impact to the valuation allowance) and our U.S. deferred tax liabilities to reflect the impact of lower income tax rates under the Tax Act. At December 31, 2017, we had a total valuation allowance of $39.8 million against our deferred tax assets given the uncertainty of recoverability of these amounts. The change in our valuation allowance during the six months ended December 31, 2017 includes the valuation allowance provided against excess tax benefits associated with share-based payment arrangements and the preliminary reduction to valuation allowance due the change in the U.S. federal corporate income tax rate, as discussed above. In November 2016, the Internal Revenue Service commenced an audit on our U.S. federal tax return for the fiscal year ended June 30, 2015. We do not expect this audit to have a material impact on our financial statements.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 8—Goodwill and Other Intangible Assets Goodwill and acquired intangible assets are initially recorded at fair value and tested periodically for impairment. We perform an impairment test of goodwill during the fourth quarter of each fiscal year or sooner, if indicators of potential impairment arise. At December 31, 2017, the carrying value of goodwill for all of our reporting units was $202.1 million, and the carrying value of goodwill in our Intellinx reporting unit was $4.4 million, which we believe to be at a heightened risk of impairment. Please refer to Note 7. Goodwill and Other Intangible Assets 10-K Effective July 1, 2017, we adopted an accounting standard update requiring that software be classified as an intangible asset rather than an element of property and equipment. Intangible asset information as of June 30, 2017 has been recast in the table that follows, to reflect this change. The following tables set forth the information for intangible assets subject to amortization and for intangible assets not subject to amortization. As of December 31, 2017 Gross Carrying Accumulated Net Carrying Weighted Average (in thousands) (in years) Amortized intangible assets: Customer related $ 203,379 $ (129,527 ) $ 73,852 8.8 Core technology 130,777 (78,954 ) 51,823 8.5 Other intangible assets 22,098 (16,442 ) 5,656 5.5 Capitalized software development costs 17,693 (4,765 ) 12,928 4.5 Software (1) 58,501 (29,494 ) 29,007 4.6 Total $ 432,448 $ (259,182 ) $ 173,266 Unamortized intangible assets: Goodwill 202,083 Total intangible assets $ 375,349 As of June 30, 2017 Gross Carrying Accumulated Net Carrying Weighted Average (in thousands) (in years) Amortized intangible assets: Customer related $ 190,965 $ (122,698 ) $ 68,267 8.7 Core technology 130,572 (74,452 ) 56,120 8.8 Other intangible assets 20,591 (15,691 ) 4,900 6.6 Capitalized software development costs 16,304 (3,423 ) 12,881 5.0 Software (1) 54,489 (25,377 ) 29,112 3.5 Total $ 412,921 $ (241,641 ) $ 171,280 Unamortized intangible assets: Goodwill 194,700 Total intangible assets $ 365,980 (1) Software includes purchased software and software developed for internal use. Estimated amortization expense for the remainder of fiscal year 2018 and subsequent fiscal years for acquired intangible assets, capitalized software development costs and software is as follows: Acquired Intangible Capitalized Software Software (in thousands) Remaining 2018 $ 11,481 $ 1,434 4,329 2019 20,439 2,868 7,687 2020 18,100 2,868 5,990 2021 16,358 2,869 3,740 2022 14,187 2,869 2,476 2023 and thereafter 50,766 — 3,400 Each period, for capitalized software development costs, we evaluate whether amortization expense using a ratio of revenue in the period to total expected revenue over the product’s expected useful life would result in greater amortization than as calculated under a straight-line methodology and, if that were to occur, amortization in that period would be accelerated accordingly. The following table represents a rollforward of our goodwill balances, by reportable segment, as follows: Cloud Solutions Banking Payments and Other Total (in thousands) Balance at June 30, 2017 (1) $ 90,069 $ 35,880 $ 60,557 $ 8,194 $ 194,700 Goodwill acquired during the period 1,377 — 4,739 — 6,116 Impact of foreign currency translation 447 — 820 — 1,267 Balance at December 31, 2017 (1) $ 91,893 $ 35,880 $ 66,116 $ 8,194 $ 202,083 (1) Other goodwill balance is net of $7.5 million accumulated impairment losses. There can be no assurance that there will not be impairment charges in future periods as a result of future impairment reviews. To the extent that future impairment charges occur it would likely have a material impact on our financial results.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9—Commitments and Contingencies Legal Matters In May 2017, we received notification from a customer alleging a warranty claim associated with software we licensed to them in September 2013. Their claim seeks recovery of $1.269 million in software, professional services and support fees, inclusive of related sales tax. On September 22, 2017, the customer commenced arbitration proceedings in connection with the claim and an arbitration date has been set for May 2018. We believe the claim is without merit and intend to vigorously defend ourselves. At December 31, 2017 we had not accrued for any losses associated with this matter as we do not believe a loss is probable. We are, from time to time, a party to legal proceedings and claims that arise out of the ordinary course of our business. We are not currently a party to any material legal proceedings.

Indebtedness

Indebtedness	6 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Indebtedness	Note 10—Indebtedness Credit Agreement On December 9, 2016, we (as borrower) and certain of our existing and future domestic material restricted subsidiaries (the Guarantors) entered into a credit agreement (the Credit Agreement) with Bank of America, N.A. and certain other lenders (the Lenders) that provides for a five-year revolving credit facility in the amount of up to $300 million (the Credit Facility). Under the Credit Agreement, we also have the right to request an increase of the aggregate commitments under the Credit Facility by up to $150 million without the consent of any Lenders not participating in such increase, subject to specified conditions. The proceeds of the Credit Facility may be used for lawful corporate purposes of Bottomline and its subsidiaries, including acquisitions, share buybacks, capital expenditures, the repayment or refinancing of indebtedness, redemption of our 1.5% Convertible Senior Notes that matured on December 1, 2017 (the Notes) and general corporate purposes. The Credit Facility is available for the issuance of up to $20 million of letters of credit and up to $20 million of swing line loans. The Credit Facility will terminate on December 8, 2021. Loans outstanding under the Credit Facility will bear interest, at our option, at either (i) a Eurodollar rate plus a margin of between 1.50% and 2.25% (which is initially 1.75%) based on the Consolidated Net Leverage Ratio (as defined in the Credit Agreement), or (ii) a base rate plus a margin of between 0.50% and 1.25% (which is initially 0.75%) based on the Consolidated Net Leverage Ratio. Loans under the Credit Agreement may be prepaid at par and commitments under the Credit Agreement may be reduced at any time, in whole or in part, without premium or penalty (except for LIBOR breakage costs). The Credit Facility is guaranteed by the Guarantors and is secured by substantially all of our domestic assets and those of the Guarantors, including a pledge of all of the shares of capital stock of the Guarantors and 65% of the shares of the capital stock of our first-tier foreign subsidiaries or those of any Guarantor, in each case subject to certain exceptions as set forth in the Credit Agreement. The collateral does not include, among other things, any real property or the capital stock or any assets of any unrestricted subsidiary. The Credit Agreement contains customary representations, warranties and covenants, including, but not limited to, material adverse events, specified restrictions on indebtedness, liens, investments, acquisitions, sales of assets, dividends and other restricted payments, and transactions with affiliates. We are required to comply with (a) a maximum consolidated net leverage ratio of 3.75 to 1.00, stepping down to 3.50 to 1.00 for the quarter ending June 30, 2018; (b) a minimum consolidated interest coverage ratio of 3.00 to 1.00; and (c) a minimum liquidity requirement at all times that the Notes are outstanding, where the outstanding principal amount of the Notes must not exceed the sum of the unutilized availability under the Credit Agreement plus our domestic cash and marketable securities. The Credit Agreement also contains customary events of default and related cure provisions. In the case of a continuing event of default, the administrative agent would be entitled to exercise various remedies on behalf of the Lenders, including the acceleration of any outstanding loans. During the three months ended December 31, 2017, we borrowed $150 million against the Credit Facility to finance the repayment of a portion of the principal balance of the Notes. As of December 31, 2017, we were in compliance with the covenants associated with the Credit Facility. Convertible Senior Notes On December 1, 2017, we repaid the aggregate principal balance of $189.8 million of our convertible senior notes which were issued on December 12, 2012. We borrowed $150 million under our Credit Facility and used $39.8 million of cash on hand to fund the settlement of the Notes. The principal balance of the Notes was required to be settled in cash. However, we were permitted at our election to settle any conversion obligation in excess of the principal portion in cash, shares of our common stock, or a combination of cash and shares of our common stock. Upon the maturity of the Notes, we elected to settle the conversion premium with shares of our common stock and, accordingly, issued approximately 0.6 million shares with a fair value of $33.54 per share. The impact of the share issuance was recorded entirely within stockholder’s equity in our consolidated balance sheet and we recorded no gain or loss on the settlement of the Notes. The following table sets forth total interest expense related to the Notes: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Contractual interest expense (cash) $ 482 $ 712 $ 1,194 $ 1,424 Amortization of debt discount (non-cash) 2,271 3,132 5,574 6,208 Amortization of debt issue costs (non-cash) 198 296 494 592 $ 2,951 $ 4,140 $ 7,262 $ 8,224 Effective interest rate of the liability component 8.54 % 8.10 % 8.45 % 8.04 % Note Hedges In December 2012, we entered into privately negotiated transactions to purchase hedge instruments (the Note Hedges), covering approximately 6.3 million shares of our common stock. The Note Hedges, subject to anti-dilution provisions substantially similar to those of the Notes, had a strike price that corresponds to the conversion price of the Notes, were exercisable by us upon any conversion under the Notes and expired on December 1, 2017. On December 1, 2017, in connection with the maturity of the Notes, we redeemed a portion of the Note Hedges and received from the Note Hedge counterparties approximately 0.6 million shares of our common stock with a fair value $33.54 per share. The impact of the share redemption was recorded as treasury stock in our consolidated balance sheet and we recorded no gain or loss on the redemption of these shares. The redemption of these shares offset the dilution that otherwise would have occurred as a result of the common stock we issued upon the settlement of the Notes. Warrants In December 2012, we received aggregate proceeds of $25.8 million, net of issue costs, from the sale of warrants (the Warrants), for the purchase of up to 6.3 million shares of our common stock, subject to antidilution adjustments, at a strike price of $40.04 per share. The Warrants are exercisable in equal tranches over a period of 150 days beginning on March 1, 2018, and ending on October 18, 2018. The Warrants are transactions that are separate from the terms of the Notes and the Note Hedges, and holders of the Notes and Note Hedges have no rights with respect to the Warrants. Note Payable We financed a portion of the Decillion purchase price by entering into a note payable for 2.5 million Singapore Dollars (approximately $1.8 million based on the exchange rate in effect at the acquisition date). The note is payable in equal installments over ten quarters starting during the three months ended September 30, 2017. Please refer to Note 4 Acquisitions and Other Investments

Derivative Instruments

Derivative Instruments	6 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 11—Derivative Instruments Note Hedges, Conversion Feature and Warrants During the three months ended December 31, 2017, in connection with the maturity of the Notes, we settled the Note Hedges and Conversion Feature as discussed in Note 10 Indebtedness Note 10 Indebtedness re-measurement. Cash Flow Hedges Interest Rate Swap On July 10, 2017, we entered into an interest rate swap to hedge our exposure to interest rate risk. The agreement has a notional value of $100.0 million, was effective as of December 1, 2017 and expires on December 1, 2021. The notional amount of the swap matches the corresponding principal amount of a portion of our borrowings under the Credit Agreement with the Lenders. During the term of the agreement, we have a fixed interest rate of 1.9275 percent on the notional amount and Citizens Bank, National Association, as counterparty to the agreement, will pay us interest at a floating rate based on the 1 month USD-LIBOR-BBA We designated the interest rate swap as a hedging instrument and it qualified for hedge accounting upon inception and at December 31, 2017. To continue to qualify for hedge accounting, the instrument must retain a “highly effective” ability to hedge interest rate risk for borrowings under the Credit Agreement. We are required to test hedge effectiveness at the end of each financial reporting period. If a derivative qualifies for hedge accounting, changes in fair value of the hedge instrument will be recognized in accumulated other comprehensive income (loss) (AOCI) and subsequently reclassified into earnings in the period that the hedged transaction affects earnings. The reclassification into earnings will be recorded as a component of our interest expense within other expense, net. If the instrument were to lose some or all of its hedge effectiveness, changes in fair value for the “ineffective” portion of the instrument would be recorded immediately in earnings. The fair values of the gross asset and gross liability of our interest rate swap and their respective locations in our consolidated balance sheet at December 31, 2017 were as follows: Description Balance Sheet Location December 31, 2017 (in thousands) Derivative interest rate swap Derivative asset Other assets $ 782 Derivative liability Accrued expenses and other current liabilities $ 165 The following tables presents the effect of the derivative interest rate swap in our consolidated statement of comprehensive income (loss) for the three and six months ended December 31, 2017. Amount of Gain (Loss) Recognized in OCI on Amount of Gain (Loss) Reclassified from AOCI Three Months Ended December 31, Three Months Ended December 31, 2017 2016 2017 2016 (in thousands) Derivative interest rate swap $ 804 $ — $ (48 ) $ — Amount of Gain (Loss) Recognized in OCI on Amount of Gain (Loss) Reclassified from AOCI Six Months Ended December 31, Six Months Ended December 31, 2017 2016 2017 2016 (in thousands) Derivative interest rate swap $ 569 $ — $ (48 ) $ — During the three and six months ended December 31, 2017, we concluded that no portion of the hedge was ineffective. As of December 31, 2017, there was $0.6 million of unrealized gain in accumulated other comprehensive loss. We do not expect to reclassify any of this unrealized gain from accumulated other comprehensive loss to earnings over the next twelve months.

Postretirement and Other Employ

Postretirement and Other Employee Benefits	6 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
Postretirement and Other Employee Benefits	Note 12—Postretirement and Other Employee Benefits Defined Benefit Pension Plan We sponsor a retirement plan for our Swiss-based employees that is governed by local regulatory requirements. This plan includes certain minimum benefit guarantees that, under U.S. GAAP, require defined benefit plan accounting. Net periodic pension costs for the Swiss pension plan included the following components: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Components of net periodic cost Service cost $ 624 $ 732 $ 1,264 $ 1,482 Interest cost 87 31 176 63 Prior service credit (22 ) (22 ) (45 ) (45 ) Net actuarial loss 54 161 109 326 Expected return on plan assets (294 ) (219 ) (595 ) (443 ) Net periodic cost $ 449 $ 683 $ 909 $ 1,383

Recent Accounting Pronounceme19

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Dec. 31, 2017
Accounting Changes and Error Corrections [Abstract]
Recently Adopted Pronouncements	Recently Adopted Pronouncements Cloud Computing Arrangements: Share-Based Compensation Note 7 Income Taxes We adopted the cash flow presentation of excess tax benefits retrospectively, which resulted in the reclassification of excess tax benefits associated with stock compensation of $0.06 million from financing activities to operating activities for the six months ended December 31, 2016 in our consolidated statement of cash flows. The new standard also allows companies to make an accounting policy election to either estimate expected forfeitures or account for them as they occur, and we have elected to continue to estimate forfeitures. Consolidation:
Accounting Pronouncements to be Adopted	Accounting Pronouncements to be Adopted Revenue Recognition: We are continuing to evaluate the expected impact of this standard on our consolidated financial statements and currently plan to adopt the standard using the modified retrospective method. While our assessment of the impact of this standard is not complete, we currently believe that the most significant impacts will be in certain areas: • Under the new standard, vendor specific objective evidence (VSOE) will no longer be required to determine the fair value of elements in a software arrangement. As a result, the absence of VSOE in certain software arrangements will no longer result in strict revenue deferral. Absent a change in how we license our products, we believe that this will result in greater up-front • Under the new standard, certain expenses we incur will require deferral and recognition over the period in which revenue is recognized, subject to certain exceptions. We believe that this will result in the deferral of certain fulfillment costs associated with our SaaS offerings which would then be recognized as expense over a multi-year period; such costs are expensed directly as incurred today. • Under the new standard, costs to obtain a contract, including sales commissions, will be capitalized and amortized on a basis that is consistent with the transfer of goods and services to its customer. We anticipate that this will result in the deferral of certain commission related costs that, today, are expensed as incurred. • Significantly enhanced financial statement disclosures related to revenue, including information related to the allocation of transaction price across undelivered performance obligations, will be required. However, we are unable to quantify the impact of these outcomes at this time, nor can we ensure that our continuing analysis and interpretation of the standard will result in these financial reporting outcomes or additional material impacts could be identified. Financial Instruments—Classification and Measurement: Leases: right-of-use Financial Instruments—Credit Losses: Statement of Cash Flows: Goodwill Impairment: Defined Benefit Plan Expenses: non-operating non-operating
Fair Value of Financial Instruments	Fair Value of Financial Instruments We have certain financial instruments which consist of cash and cash equivalents, cash and cash equivalents held for customers, marketable securities, accounts receivable, accounts payable, customer account liabilities, a derivative interest rate swap as more fully described in Note 11 Derivative Instruments Note 10 Indebtedness . • Cash and cash equivalents, cash and cash equivalents held for customers, accounts receivable, accounts payable and customer account liabilities fair value approximates their carrying values, due to the short-term nature of these instruments. • Marketable securities classified as held to maturity, all of which mature within one year, are recorded at amortized cost, which at December 31, 2017 and June 30, 2017, approximated fair value. • Marketable securities classified as available for sale are recorded at fair value. Unrealized gains and losses are included as a component of accumulated other comprehensive loss in stockholders’ equity, net of tax. We use the specific identification method to determine any realized gains or losses from the sale of our marketable securities classified as available for sale. • The fair value of our derivative interest rate swap is based on the present value of projected cash flows that will occur over the life of the instrument, after considering certain contractual terms of the arrangement. • The carrying value of assets related to deposits we have made to fund future requirements associated with Israeli severance arrangements was $1.5 million at both December 31, 2017 and June 30, 2017, which approximated their fair value. • We have certain other investments accounted for at cost. The carrying value of these investments was $7.7 million at both December 31, 2017 and June 30, 2017 and are reported as a component of our other assets. These investments are recorded at cost, less any write-downs for other-than-temporary impairment charges. To determine the fair value of these investments, we use all available financial information including information based on recent or pending third-party equity investments in these entities. In certain instances, a cost method investment’s fair value may not be estimated if there are no identified events or changes in circumstances that would indicate a significant adverse effect on the fair value of the investment and to do so would be impractical, and as a result, we have not estimated the fair value of these investments. • We have borrowings of $150 million against our Credit Facility (refer to Note 10 Indebtedness

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	At December 31, 2017 and June 30, 2017, our assets and liabilities measured at fair value on a recurring basis were as follows: December 31, 2017 June 30, 2017 Fair Value Measurements Fair Value Measurements Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (in thousands) Assets Money market funds (cash and cash equivalents) $ 89 $ — $ — $ 89 $ 593 $ — $ — $ 593 Available for sale securities Debt U.S. Corporate $ — $ 3,475 $ — $ 3,475 $ — $ 1,906 $ — $ 1,906 Government— U.S. — 6,461 — 6,461 — — — — Total available for sale securities $ — $ 9,936 $ — $ 9,936 $ — $ 1,906 $ — $ 1,906 Derivative interest rate swap $ — $ 782 $ — $ 782 $ — $ — $ — $ — Liabilities Derivative interest rate swap $ — $ 165 $ — $ 165 $ — $ — $ — $ —
Marketable Securities by Major Security Type	The table below presents information regarding our marketable securities by major security type as of December 31, 2017 and June 30, 2017. December 31, 2017 June 30, 2017 Held to Available Total Held to Available Total (in thousands) Marketable securities: Corporate and other debt securities $ 68 $ 9,936 $ 10,004 $ 67 $ 1,906 $ 1,973 Total marketable securities $ 68 $ 9,936 $ 10,004 $ 67 $ 1,906 $ 1,973
Estimated Fair Value of Our Investments in Available for Sale Marketable Securities Classified	The following table summarizes the estimated fair value of our investments in available for sale marketable securities classified by the contractual maturity date of the securities: December 31, 2017 (in thousands) Due within 1 year $ 9,936 Due in 1 year through 5 years — Total $ 9,936
Summary of Gross Unrealized Losses and Fair Values of Available for Sale Investments	The following table presents the aggregate fair values and gross unrealized losses for those available for sale investments that were in an unrealized loss position as of December 31, 2017 and June 30, 2017, aggregated by investment category and the length of time that individual securities have been in a continuous loss position: At December 31, 2017 At June 30, 2017 Less than 12 Months Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) U.S. Corporate $ 3,475 $ (2 ) $ 1,628 $ (1 ) Government—U.S. 6,461 (4 ) — — Total $ 9,936 $ (6 ) $ 1,628 $ (1 )

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	6 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share	The following table sets forth the computation of basic and diluted net income (loss) per share: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands, except per share amounts) Numerator—basic and diluted: Net income (loss) $ 3,088 $ (10,346 ) $ (1,153 ) $ (20,854 ) Denominator: Shares used in computing basic net income (loss) per share attributable to common stockholders 38,087 37,769 37,908 37,854 Impact of dilutive securities 1,257 — — — Shares used in computing diluted net income (loss) per share attributable to common stockholders 39,344 37,769 37,908 37,854 Basic net income (loss) per share attributable to common stockholders $ 0.08 $ (0.27 ) $ (0.03 ) $ (0.55 ) Diluted net income (loss) per share attributable to common stockholders $ 0.08 $ (0.27 ) $ (0.03 ) $ (0.55 )

Operations by Segments and Ge22

Operations by Segments and Geographic Areas (Tables)	6 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Segment information for the three and six months ended December 31, 2017 and 2016 according to the segment descriptions above, is as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Segment revenue: Cloud Solutions (1) $ 44,518 $ 38,032 $ 86,962 $ 73,589 Banking Solutions 20,954 19,464 42,275 37,650 Payments and Transactional Documents 25,343 24,815 48,392 49,661 Other 4,380 4,417 8,862 8,912 Total segment revenue $ 95,195 $ 86,728 $ 186,491 $ 169,812 Segment measure of profit (loss): Cloud Solutions $ 9,650 $ 6,778 $ 19,034 $ 12,231 Banking Solutions 1,148 1,043 3,309 1,068 Payments and Transactional Documents 7,734 7,617 14,094 15,193 Other (903 ) (913 ) (1,387 ) (1,358 ) Total measure of segment profit $ 17,629 $ 14,525 $ 35,050 $ 27,134 (1) Revenues from our legal spend management solutions were $16.1 million and $14.7 million for the three months ended December 31, 2017 and 2016, respectively. Revenues from our settlement network solutions were $28.4 million and $23.3 million for the three months ended December 31, 2017 and 2016, respectively. Revenues from our legal spend management solutions were $31.6 million and $27.7 million for the six months ended December 31, 2017 and 2016, respectively. Revenues from our settlement network solutions were $55.4 million and $45.9 million for the six months ended December 31, 2017 and 2016, respectively.
Reconciliation of Measure of Segment Profit to GAAP Loss Before Income Taxes	A reconciliation of the measure of total segment profit to GAAP loss before income taxes is as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Total measure of segment profit $ 17,629 $ 14,525 $ 35,050 $ 27,134 Less: Amortization of acquisition-related intangible assets (5,702 ) (6,090 ) (10,890 ) (12,375 ) Goodwill impairment charge — (7,529 ) — (7,529 ) Stock-based compensation expense (8,080 ) (8,656 ) (16,540 ) (16,855 ) Acquisition and integration-related expenses (380 ) (522 ) (1,372 ) (1,771 ) Restructuring benefit — — 9 — Minimum pension liability adjustments (3 ) (264 ) (38 ) (541 ) Global ERP system implementation and other costs (1,339 ) (2,106 ) (3,415 ) (4,597 ) Other expense, net (3,532 ) (4,182 ) (7,995 ) (8,117 ) Loss before income taxes $ (1,407 ) $ (14,824 ) $ (5,191 ) $ (24,651 )
Schedule of Segment Depreciation and Amortization Expense Included in Segment Measure of Profit (Loss)	The following depreciation and other amortization expense amounts are included in the measure of segment profit (loss): Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Depreciation and other amortization expense: Cloud Solutions $ 2,535 $ 1,860 $ 4,978 $ 3,700 Banking Solutions 1,537 1,436 3,029 2,806 Payments and Transactional Documents 705 749 1,344 1,554 Other 98 109 192 181 Total depreciation and other amortization expense $ 4,875 $ 4,154 $ 9,543 $ 8,241
Schedule of Revenue Based on Point of Sale	We have presented geographic information about our revenues below. This presentation allocates revenue based on the point of sale, not the location of the customer. Accordingly, we derive revenues from geographic locations based on the location of the customer that would vary from the geographic areas listed here; particularly in respect of financial institution customers located in Australia for which the point of sale was North America and customers located in Africa for which the point of sale was the Middle East. Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) North America $ 59,036 $ 56,190 $ 116,606 $ 106,712 United Kingdom 22,468 19,313 42,539 40,144 Continental Europe 10,120 9,182 20,531 18,534 Asia-Pacific and Middle East 3,571 2,043 6,815 4,422 Total revenues from unaffiliated customers $ 95,195 $ 86,728 $ 186,491 $ 169,812
Schedule of Long-Lived Assets, Based on Geographical Location, Excluding Deferred Tax Assets and Intangible Assets	Long-lived assets based on geographical location, excluding deferred tax assets and intangible assets, were as follows: At December 31, At June 30, 2017 2017 (in thousands) Long-lived assets: North America $ 36,211 $ 35,569 United Kingdom 5,767 5,188 Continental Europe 921 1,208 Asia-Pacific and Middle East 2,357 1,901 Total long-lived assets $ 45,256 $ 43,866

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2017
Accounting Standards Update 2016-09 [Member]
Summary of Deferred Tax Assets	Effective July 1, 2017, we adopted a new accounting standard intended to simplify certain aspects of accounting for share-based compensation arrangements, including the associated income tax consequences. Upon adoption, excess tax benefits associated with share-based compensation arrangements that previously were only recognized for financial reporting purposes when they actually reduced currently payable income taxes were recognized as deferred tax assets, net of any required valuation allowance. Accordingly, after adoption, we recognized the following: (in thousands) Increase to deferred tax assets for excess tax benefits $ 17,393 Increase to deferred tax asset valuation allowance (17,144 ) Net increase to deferred tax assets $ 249

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets Subject to Amortization and for Intangible Assets Not Subject to Amortization	The following tables set forth the information for intangible assets subject to amortization and for intangible assets not subject to amortization. As of December 31, 2017 Gross Carrying Accumulated Net Carrying Weighted Average (in thousands) (in years) Amortized intangible assets: Customer related $ 203,379 $ (129,527 ) $ 73,852 8.8 Core technology 130,777 (78,954 ) 51,823 8.5 Other intangible assets 22,098 (16,442 ) 5,656 5.5 Capitalized software development costs 17,693 (4,765 ) 12,928 4.5 Software (1) 58,501 (29,494 ) 29,007 4.6 Total $ 432,448 $ (259,182 ) $ 173,266 Unamortized intangible assets: Goodwill 202,083 Total intangible assets $ 375,349 As of June 30, 2017 Gross Carrying Accumulated Net Carrying Weighted Average (in thousands) (in years) Amortized intangible assets: Customer related $ 190,965 $ (122,698 ) $ 68,267 8.7 Core technology 130,572 (74,452 ) 56,120 8.8 Other intangible assets 20,591 (15,691 ) 4,900 6.6 Capitalized software development costs 16,304 (3,423 ) 12,881 5.0 Software (1) 54,489 (25,377 ) 29,112 3.5 Total $ 412,921 $ (241,641 ) $ 171,280 Unamortized intangible assets: Goodwill 194,700 Total intangible assets $ 365,980 (1) Software includes purchased software and software developed for internal use.
Schedule of Estimated Amortization Expense	Estimated amortization expense for the remainder of fiscal year 2018 and subsequent fiscal years for acquired intangible assets, capitalized software development costs and software is as follows: Acquired Intangible Capitalized Software Software (in thousands) Remaining 2018 $ 11,481 $ 1,434 4,329 2019 20,439 2,868 7,687 2020 18,100 2,868 5,990 2021 16,358 2,869 3,740 2022 14,187 2,869 2,476 2023 and thereafter 50,766 — 3,400
Schedule of Rollforward of Goodwill Balances, by Reportable Segment	The following table represents a rollforward of our goodwill balances, by reportable segment, as follows: Cloud Solutions Banking Payments and Other Total (in thousands) Balance at June 30, 2017 (1) $ 90,069 $ 35,880 $ 60,557 $ 8,194 $ 194,700 Goodwill acquired during the period 1,377 — 4,739 — 6,116 Impact of foreign currency translation 447 — 820 — 1,267 Balance at December 31, 2017 (1) $ 91,893 $ 35,880 $ 66,116 $ 8,194 $ 202,083 (1) Other goodwill balance is net of $7.5 million accumulated impairment losses.

Indebtedness (Tables)

Indebtedness (Tables)	6 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Total Interest Expense Related to Notes	The following table sets forth total interest expense related to the Notes: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Contractual interest expense (cash) $ 482 $ 712 $ 1,194 $ 1,424 Amortization of debt discount (non-cash) 2,271 3,132 5,574 6,208 Amortization of debt issue costs (non-cash) 198 296 494 592 $ 2,951 $ 4,140 $ 7,262 $ 8,224 Effective interest rate of the liability component 8.54 % 8.10 % 8.45 % 8.04 %

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Fair Values of Gross Asset and Gross Liability of Interest Rate Swap	The fair values of the gross asset and gross liability of our interest rate swap and their respective locations in our consolidated balance sheet at December 31, 2017 were as follows: Description Balance Sheet Location December 31, 2017 (in thousands) Derivative interest rate swap Derivative asset Other assets $ 782 Derivative liability Accrued expenses and other current liabilities $ 165
Summary of Effect of Derivative Interest Rate Swap in Our Consolidated Statement of Comprehensive Income (Loss)	The following tables presents the effect of the derivative interest rate swap in our consolidated statement of comprehensive income (loss) for the three and six months ended December 31, 2017. Amount of Gain (Loss) Recognized in OCI on Amount of Gain (Loss) Reclassified from AOCI Three Months Ended December 31, Three Months Ended December 31, 2017 2016 2017 2016 (in thousands) Derivative interest rate swap $ 804 $ — $ (48 ) $ — Amount of Gain (Loss) Recognized in OCI on Amount of Gain (Loss) Reclassified from AOCI Six Months Ended December 31, Six Months Ended December 31, 2017 2016 2017 2016 (in thousands) Derivative interest rate swap $ 569 $ — $ (48 ) $ —

Postretirement and Other Empl27

Postretirement and Other Employee Benefits (Tables)	6 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
Components of Net Periodic Pension Costs for the Swiss Pension Plan	Net periodic pension costs for the Swiss pension plan included the following components: Three Months Ended Six Months Ended 2017 2016 2017 2016 (in thousands) Components of net periodic cost Service cost $ 624 $ 732 $ 1,264 $ 1,482 Interest cost 87 31 176 63 Prior service credit (22 ) (22 ) (45 ) (45 ) Net actuarial loss 54 161 109 326 Expected return on plan assets (294 ) (219 ) (595 ) (443 ) Net periodic cost $ 449 $ 683 $ 909 $ 1,383

Recent Accounting Pronounceme28

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess tax benefits	$ (4,495)	$ (4,478)	$ (4,038)	$ (3,797)
Cost method investments	$ 7,700		7,700		$ 7,700
Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess tax benefits			$ (200)
Reclassification of excess tax benefits from financing to operating activities				$ 60
Internal-Use Software Development [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of asset from property and equipment to intangible assets					$ 29,100

Fair Value - Schedule of Assets

Fair Value - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Assets
Total available for sale debt securities	$ 9,936	$ 1,906
Fair Value, Measurements, Recurring [Member]
Assets
Money market funds (cash and cash equivalents)	89	593
Total available for sale debt securities	9,936	1,906
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Assets
Derivative interest rate swap	782
Liabilities
Derivative interest rate swap	165
Fair Value, Measurements, Recurring [Member] | U.S. Corporate [Member]
Assets
Total available for sale debt securities	3,475	1,906
Fair Value, Measurements, Recurring [Member] | Government - U.S. [Member]
Assets
Total available for sale debt securities	6,461
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Assets
Money market funds (cash and cash equivalents)	89	593
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Assets
Total available for sale debt securities	9,936	1,906
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Interest Rate Swap [Member]
Assets
Derivative interest rate swap	782
Liabilities
Derivative interest rate swap	165
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Corporate [Member]
Assets
Total available for sale debt securities	3,475	$ 1,906
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Government - U.S. [Member]
Assets
Total available for sale debt securities	$ 6,461

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Certain other investments accounted for at cost	$ 7,700	$ 7,700
Borrowings under credit facility	150,000
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Borrowings under credit facility	150,000
Israeli Severance Arrangements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of assets related to deposits	$ 1,500	$ 1,500

Fair Value - Marketable Securit

Fair Value - Marketable Securities by Major Security Type (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Marketable Securities [Line Items]
Held to Maturity	$ 68	$ 67
Available for Sale	9,936	1,906
Total	10,004	1,973
Corporate and Other Debt Securities [Member]
Marketable Securities [Line Items]
Held to Maturity	68	67
Available for Sale	9,936	1,906
Total	$ 10,004	$ 1,973

Fair Value - Estimated Fair Val

Fair Value - Estimated Fair Value of Our Investments in Available for Sale Marketable Securities Classified (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Due within 1 year	$ 9,936
Due in 1 year through 5 years	0
Total	$ 9,936	$ 1,906

Fair Value - Summary of Gross U

Fair Value - Summary of Gross Unrealized Losses and Fair Values of Available for Sale Investments (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	$ 9,936	$ 1,628
Less than 12 Months, Unrealized Loss	(6)	(1)
U.S. Corporate [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	3,475	1,628
Less than 12 Months, Unrealized Loss	(2)	$ (1)
Government - U.S. [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 Months, Fair Value	6,461
Less than 12 Months, Unrealized Loss	$ (4)

Acquisitions and Other Invest34

Acquisitions and Other Investments - First Capital Cashflow Ltd - Additional Information (Detail) $ in Thousands, £ in Millions	Oct. 04, 2017USD ($)shares	Oct. 04, 2017GBP (£)shares	Dec. 31, 2017USD ($)	Jun. 30, 2017USD ($)
Business Acquisition [Line Items]
Cash and cash equivalents, held for customers			$ 3,481
Customer account liabilities			3,481
Goodwill			202,083	$ 194,700
First Capital Cashflow Ltd. [Member]
Business Acquisition [Line Items]
Payments to acquire business	$ 13,900	£ 10.5
Shares issued | shares	42,080	42,080
Stock vesting period	5 years	5 years
Goodwill			4,700
Identifiable intangible assets			$ 10,500
Estimated useful life of intangible assets acquired			11 years

Acquisitions and Other Invest35

Acquisitions and Other Investments - Decillion - Additional Information (Detail) $ in Thousands, SGD in Millions	Aug. 14, 2017SGDInstallment	Aug. 14, 2017USD ($)Installment	Dec. 31, 2017USD ($)	Aug. 14, 2017USD ($)	Jun. 30, 2017USD ($)
Business Acquisition [Line Items]
Goodwill			$ 202,083		$ 194,700
Acquisition expenses			800
Decillion Solutions Pte Ltd [Member]
Business Acquisition [Line Items]
Payments to acquire business	SGD 6.2	$ 4,600
Cash paid for acquisition		$ 2,800
Note payable	SGD 2.5			$ 1,800
Note payable, number of installments | Installment	10	10
Goodwill			1,400
Identifiable intangible assets			$ 2,400
Estimated useful life of intangible assets acquired	12 years	12 years

Acquisitions and Other Invest36

Acquisitions and Other Investments - Other Investments - Additional Information (Detail) - Variable Interest Entity, Not Primary Beneficiary [Member] - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2015
Other Assets [Member]
Schedule of Investments [Line Items]
Variable interest entity investment, maximum loss exposure	$ 3.5
Preferred Stock [Member]
Schedule of Investments [Line Items]
Investments in a privately held company		$ 3.5

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Numerator-basic and diluted:
Net income (loss)	$ 3,088	$ (10,346)	$ (1,153)	$ (20,854)
Denominator:
Shares used in computing basic net income (loss) per share attributable to common stockholders	38,087	37,769	37,908	37,854
Impact of dilutive securities	1,257
Shares used in computing diluted net income (loss) per share attributable to common stockholders	39,344	37,769	37,908	37,854
Basic net income (loss) per share attributable to common stockholders	$ 0.08	$ (0.27)	$ (0.03)	$ (0.55)
Diluted net income (loss) per share attributable to common stockholders	$ 0.08	$ (0.27)	$ (0.03)	$ (0.55)

Net Income (Loss) per Share - A

Net Income (Loss) per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Anti-dilutive securities excluded from calculation of diluted earnings per share	3	2.8	3.1

Operations by Segments and Ge39

Operations by Segments and Geographic Areas - Additional Information (Detail)	6 Months Ended
	Dec. 31, 2017Segment
Segment Reporting [Abstract]
Number of reportable segments	4

Operations by Segments and Ge40

Operations by Segments and Geographic Areas - Schedule of Segment Reporting Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Segment revenue:
Total segment revenue	$ 95,195	$ 86,728	$ 186,491	$ 169,812
Segment measure of profit (loss):
Total measure of segment profit	2,125	(10,642)	2,804	(16,534)
Operating Segments [Member]
Segment measure of profit (loss):
Total measure of segment profit	17,629	14,525	35,050	27,134
Cloud Solutions [Member]
Segment revenue:
Total segment revenue	44,518	38,032	86,962	73,589
Cloud Solutions [Member] | Operating Segments [Member]
Segment measure of profit (loss):
Total measure of segment profit	9,650	6,778	19,034	12,231
Banking Solutions [Member]
Segment revenue:
Total segment revenue	20,954	19,464	42,275	37,650
Banking Solutions [Member] | Operating Segments [Member]
Segment measure of profit (loss):
Total measure of segment profit	1,148	1,043	3,309	1,068
Payments and Transactional Documents [Member]
Segment revenue:
Total segment revenue	25,343	24,815	48,392	49,661
Payments and Transactional Documents [Member] | Operating Segments [Member]
Segment measure of profit (loss):
Total measure of segment profit	7,734	7,617	14,094	15,193
Other [Member]
Segment revenue:
Total segment revenue	4,380	4,417	8,862	8,912
Other [Member] | Operating Segments [Member]
Segment measure of profit (loss):
Total measure of segment profit	$ (903)	$ (913)	$ (1,387)	$ (1,358)

Operations by Segments and Ge41

Operations by Segments and Geographic Areas - Schedule of Segment Reporting Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Segment revenue	$ 95,195	$ 86,728	$ 186,491	$ 169,812
Cloud Solutions [Member]
Segment Reporting Information [Line Items]
Segment revenue	44,518	38,032	86,962	73,589
Legal Spend Management Solutions [Member] | Cloud Solutions [Member]
Segment Reporting Information [Line Items]
Segment revenue	16,100	14,700	31,600	27,700
Settlement Network Solutions [Member] | Cloud Solutions [Member]
Segment Reporting Information [Line Items]
Segment revenue	$ 28,400	$ 23,300	$ 55,400	$ 45,900

Operations by Segments and Ge42

Operations by Segments and Geographic Areas - Reconciliation of Measure of Segment Profit to GAAP Loss Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total measure of segment profit	$ 2,125	$ (10,642)	$ 2,804	$ (16,534)
Less:
Amortization of acquisition-related intangible assets	(5,702)	(6,090)	(10,890)	(12,375)
Goodwill impairment charge		(7,529)		(7,529)
Stock-based compensation expense			(16,540)	(16,855)
Other expense, net	(3,532)	(4,182)	(7,995)	(8,117)
Loss before income taxes	(1,407)	(14,824)	(5,191)	(24,651)
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total measure of segment profit	17,629	14,525	35,050	27,134
Segment Reconciling Items [Member]
Less:
Amortization of acquisition-related intangible assets	(5,702)	(6,090)	(10,890)	(12,375)
Goodwill impairment charge		(7,529)		(7,529)
Stock-based compensation expense	(8,080)	(8,656)	(16,540)	(16,855)
Acquisition and integration-related expenses	(380)	(522)	(1,372)	(1,771)
Restructuring benefit			9
Minimum pension liability adjustments	(3)	(264)	(38)	(541)
Global ERP system implementation and other costs	(1,339)	(2,106)	(3,415)	(4,597)
Other expense, net	$ (3,532)	$ (4,182)	$ (7,995)	$ (8,117)

Operations by Segments and Ge43

Operations by Segments and Geographic Areas - Schedule of Segment Depreciation and Amortization Expense Included in Segment Measure of Profit Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Depreciation and other amortization expense:
Depreciation and other amortization expense	$ 4,875	$ 4,154	$ 9,543	$ 8,241
Cloud Solutions [Member]
Depreciation and other amortization expense:
Depreciation and other amortization expense	2,535	1,860	4,978	3,700
Banking Solutions [Member]
Depreciation and other amortization expense:
Depreciation and other amortization expense	1,537	1,436	3,029	2,806
Payments and Transactional Documents [Member]
Depreciation and other amortization expense:
Depreciation and other amortization expense	705	749	1,344	1,554
Other [Member]
Depreciation and other amortization expense:
Depreciation and other amortization expense	$ 98	$ 109	$ 192	$ 181

Operations by Segments and Ge44

Operations by Segments and Geographic Areas - Schedule of Revenue Based on Point of Sale (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	$ 95,195	$ 86,728	$ 186,491	$ 169,812
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	59,036	56,190	116,606	106,712
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	22,468	19,313	42,539	40,144
Continental Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	10,120	9,182	20,531	18,534
Asia-Pacific and Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	$ 3,571	$ 2,043	$ 6,815	$ 4,422

Operations by Segments and Ge45

Operations by Segments and Geographic Areas - Schedule of Long-Lived Assets, Based on Geographical Location, Excluding Deferred Tax Assets and Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Long-lived assets
Long-lived assets	$ 45,256	$ 43,866
North America [Member]
Long-lived assets
Long-lived assets	36,211	35,569
United Kingdom [Member]
Long-lived assets
Long-lived assets	5,767	5,188
Continental Europe [Member]
Long-lived assets
Long-lived assets	921	1,208
Asia-Pacific and Middle East [Member]
Long-lived assets
Long-lived assets	$ 2,357	$ 1,901

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Contingency [Line Items]
Federal corporate income tax rate				35.00%
Non-Recurring income tax benefit	$ 3,700,000
Expected tax refund	700,000
Income tax benefit	(4,495,000)	$ (4,478,000)		$ (4,038,000)	$ (3,797,000)
Discrete tax benefit	(4,400,000)			(4,400,000)
Unrecognized tax benefits decrease as a result of the expiration of certain statutes				400,000
Valuation allowance against certain deferred tax assets	$ 39,800			$ 39,800
Switzerland [Member] | Intellinx Ltd [Member]
Income Tax Contingency [Line Items]
Discrete income tax benefit from impairment		$ (4,500,000)			$ (4,500,000)
Scenario, forecast [Member]
Income Tax Contingency [Line Items]
Federal corporate income tax rate			21.00%

Income Taxes - Summary of Defer

Income Taxes - Summary of Deferred Tax Assets (Detail) - Accounting Standards Update 2016-09 [Member] $ in Thousands	3 Months Ended
	Sep. 30, 2017USD ($)
Deferred Tax Asset [Line Items]
Increase to deferred tax assets for excess tax benefits	$ 17,393
Increase to deferred tax asset valuation allowance	(17,144)
Net increase to deferred tax assets	$ 249

Goodwill and Other Intangible48

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 202,083	$ 194,700
Intellinx Ltd [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 4,400

Goodwill and Other Intangible49

Goodwill and Other Intangible Assets - Schedule of Intangible Assets Subject to Amortization and for Intangible Assets Not Subject to Amortization (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2017	Jun. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 432,448	$ 412,921
Accumulated Amortization	(259,182)	(241,641)
Net Carrying Value	173,266	171,280
Goodwill	202,083	194,700
Total intangible assets	375,349	365,980
Customer Related [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	203,379	190,965
Accumulated Amortization	(129,527)	(122,698)
Net Carrying Value	$ 73,852	$ 68,267
Weighted Average Remaining Life	8 years 9 months 18 days	8 years 8 months 12 days
Core Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 130,777	$ 130,572
Accumulated Amortization	(78,954)	(74,452)
Net Carrying Value	$ 51,823	$ 56,120
Weighted Average Remaining Life	8 years 6 months	8 years 9 months 18 days
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 22,098	$ 20,591
Accumulated Amortization	(16,442)	(15,691)
Net Carrying Value	$ 5,656	$ 4,900
Weighted Average Remaining Life	5 years 6 months	6 years 7 months 6 days
Software Developed Other Than For Internal Use [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 17,693	$ 16,304
Accumulated Amortization	(4,765)	(3,423)
Net Carrying Value	$ 12,928	$ 12,881
Weighted Average Remaining Life	4 years 6 months	5 years
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 58,501	$ 54,489
Accumulated Amortization	(29,494)	(25,377)
Net Carrying Value	$ 29,007	$ 29,112
Weighted Average Remaining Life	4 years 7 months 6 days	3 years 6 months

Goodwill and Other Intangible50

Goodwill and Other Intangible Assets - Schedule of Estimated Amortization Expense (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Finite-Lived Intangible Assets [Line Items]
Remaining 2,018	$ 11,481
2,019	20,439
2,020	18,100
2,021	16,358
2,022	14,187
2023 and thereafter	50,766
Software Developed Other Than For Internal Use [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining 2,018	1,434
2,019	2,868
2,020	2,868
2,021	2,869
2,022	2,869
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Remaining 2,018	4,329
2,019	7,687
2,020	5,990
2,021	3,740
2,022	2,476
2023 and thereafter	$ 3,400

Goodwill and Other Intangible51

Goodwill and Other Intangible Assets - Schedule of Rollforward of Goodwill Balances, by Reportable Segment (Detail) $ in Thousands	6 Months Ended
	Dec. 31, 2017USD ($)
Goodwill [Line Items]
Beginning Balance	$ 194,700
Goodwill acquired during the period	6,116
Impact of foreign currency translation	1,267
Ending Balance	202,083
Cloud Solutions [Member]
Goodwill [Line Items]
Beginning Balance	90,069
Goodwill acquired during the period	1,377
Impact of foreign currency translation	447
Ending Balance	91,893
Banking Solutions [Member]
Goodwill [Line Items]
Beginning Balance	35,880
Ending Balance	35,880
Payments and Transactional Documents [Member]
Goodwill [Line Items]
Beginning Balance	60,557
Goodwill acquired during the period	4,739
Impact of foreign currency translation	820
Ending Balance	66,116
Other [Member]
Goodwill [Line Items]
Beginning Balance	8,194
Ending Balance	$ 8,194

Goodwill and Other Intangible52

Goodwill and Other Intangible Assets - Schedule of Rollforward of Goodwill Balances, by Reportable Segment (Parenthetical) (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Jun. 30, 2017
Other [Member]
Goodwill [Line Items]
Goodwill accumulated impairment losses	$ 7.5	$ 7.5

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	1 Months Ended	6 Months Ended
	May 31, 2017	Dec. 31, 2017
Contingencies And Commitments [Line Items]
Loss incurred during period		$ 0
Warranty Claim [Member]
Contingencies And Commitments [Line Items]
Recovery of claims	$ 1,269,000

Indebtedness - Additional Infor

Indebtedness - Additional Information (Detail) $ / shares in Units, shares in Millions, SGD in Millions	Dec. 01, 2017USD ($)$ / sharesshares	Aug. 14, 2017SGDInstallment	Dec. 31, 2012USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Jun. 30, 2018	Aug. 14, 2017USD ($)
Debt Instrument [Line Items]
Borrowings under credit facility				$ 150,000,000
Warrant expiration period			150 days
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit agreement date				Dec. 9, 2016
Debt instrument term (years)				5 years
Amount borrowed under credit facility				$ 300,000,000
Credit facility, expiration date				Dec. 8, 2021
Percentage of shares of capital stock pledged as guarantee				65.00%
Borrowings under credit facility				$ 150,000,000
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Repayment Convertible Senior Notes	$ 189,800,000
Shares issued | shares				0.6
Fair value per share | $ / shares				$ 33.54
Gain (loss) on settlement of the Notes				$ 0
Convertible Senior Notes [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Repayment Convertible Senior Notes				150,000,000
Cash [Member] | Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Repayment Convertible Senior Notes				$ 39,800,000
Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility interest on borrowings, percentage added to rate				1.75%
Base Rate Plus [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility interest on borrowings, percentage added to rate				0.75%
1.50% Convertible Senior Notes Maturing on December 1, 2017 [Member] | Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Shares issued | shares	0.6
Fair value per share | $ / shares	$ 33.54
Gain (loss) on settlement of the Notes	$ 0
Hedging of common stock | shares			6.3
Proceeds from issuance of warrants, net of issue costs			$ 25,800,000
Purchase of common stock | shares			6.3
Common stock, strike price per share | $ / shares			$ 40.04
1.5% Convertible Senior Notes Matured on December 1, 2017 [Member] | Convertible Senior Notes [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Convertible Senior Notes, matured date				Dec. 1, 2017
Interest rate on Convertible Senior Notes				1.50%
Warrants [Member]
Debt Instrument [Line Items]
Warrants exercisable beginning			Mar. 1, 2018
Warrants exercisable ending			Oct. 18, 2018
Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Additional borrowing capacity				$ 150,000,000
Consolidated Interest Coverage Ratio				3.75%
Maximum [Member] | Letter of Credit [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Availability under Credit Facility				$ 20,000,000
Maximum [Member] | Swing Line Loans [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Availability under Credit Facility				$ 20,000,000
Maximum [Member] | Eurodollar Rate Plus [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility interest on borrowings, percentage added to rate				2.25%
Maximum [Member] | Base Rate Plus [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility interest on borrowings, percentage added to rate				1.25%
Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Consolidated Interest Coverage Ratio				3.00%
Minimum [Member] | Eurodollar Rate Plus [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility interest on borrowings, percentage added to rate				1.50%
Minimum [Member] | Base Rate Plus [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility interest on borrowings, percentage added to rate				0.50%
Minimum [Member] | Step Down [Member] | Scenario, forecast [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Consolidated Interest Coverage Ratio					3.50%
Decillion Solutions Pte Ltd [Member]
Debt Instrument [Line Items]
Note payable		SGD 2.5				$ 1,800,000
Note payable, number of installments | Installment		10

Indebtedness - Total Interest E

Indebtedness - Total Interest Expense Related to Notes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Amortization of debt discount (non-cash)			$ 5,574	$ 6,208
Amortization of debt issue costs (non-cash)			711	618
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Contractual interest expense (cash)	$ 482	$ 712	1,194	1,424
Amortization of debt discount (non-cash)	2,271	3,132	5,574	6,208
Amortization of debt issue costs (non-cash)	198	296	494	592
Total interest expense	$ 2,951	$ 4,140	$ 7,262	$ 8,224
Effective interest rate of the liability component	8.54%	8.10%	8.45%	8.04%

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - USD ($)	Jul. 10, 2017	Dec. 31, 2017	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Ineffective portion of hedge		$ 0	$ 0
Amounts excluded from assessment of hedge effectiveness		$ 0	0
Unrealized gain in accumulated other comprehensive loss			$ 600,000
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Notional debt value	$ 100,000,000
Agreement date	Jul. 10, 2017
Agreement effective date	Dec. 1, 2017
Agreement maturity date	Dec. 1, 2021
Fixed interest rate	1.9275%

Derivative Instruments - Summar

Derivative Instruments - Summary of Fair Values of Gross Asset and Gross Liability of Interest Rate Swap (Detail) - Interest Rate Swap [Member] $ in Thousands	Dec. 31, 2017USD ($)
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	$ 782
Accrued Expenses and Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability	$ 165

Derivative Instruments - Summ58

Derivative Instruments - Summary of Effect of Derivative Interest Rate Swap in Our Consolidated Statement of Comprehensive Income (Loss) (Detail) - Interest Rate Swap [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative Instruments (Effective Portion)	$ 804	$ 569
Amount of Gain (Loss) Reclassified from AOCI into Net Income (Loss) (Effective Portion)	$ (48)	$ (48)

Postretirement and Other Empl59

Postretirement and Other Employee Benefits - Components of Net Periodic Pension Costs for the Swiss Pension Plan (Detail) - Swiss Pension Plan [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Components of net periodic cost
Service cost	$ 624	$ 732	$ 1,264	$ 1,482
Interest cost	87	31	176	63
Prior service credit	(22)	(22)	(45)	(45)
Net actuarial loss	54	161	109	326
Expected return on plan assets	(294)	(219)	(595)	(443)
Net periodic cost	$ 449	$ 683	$ 909	$ 1,383