Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Sep. 30, 2013 | Oct. 29, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Super Micro Computer, Inc. | ' |
Entity Central Index Key | '0001375365 | ' |
Current Fiscal Year End Date | '--06-30 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Amendment Flag | 'false | ' |
Entity Common Stock, Shares Outstanding | ' | 42,761,172 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ' | ' |
Cash and cash equivalents | $111,458 | $93,038 |
Accounts receivable, net of allowances of $1,403 and $1,966 at September 30, 2013 and June 30, 2013, respectively (including amounts receivable from a related party of $1,077 and $974 at September 30, 2013 and June 30, 2013, respectively) | 134,056 | 149,340 |
Inventory | 254,310 | 254,170 |
Deferred income taxes-current | 14,982 | 15,786 |
Prepaid income taxes | 4,493 | 4,039 |
Prepaid expenses and other current assets | 4,923 | 6,819 |
Total current assets | 524,222 | 523,192 |
Long-term investments | 2,637 | 2,637 |
Property, plant and equipment, net | 96,767 | 95,912 |
Deferred income taxes-noncurrent | 7,988 | 7,275 |
Other assets | 4,185 | 3,241 |
Total assets | 635,799 | 632,257 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ' | ' |
Accounts payable (including amounts due to a related party of $42,500 and $50,448 at September 30, 2013 and June 30, 2013, respectively) | 165,660 | 172,855 |
Accrued liabilities | 31,650 | 34,122 |
Income taxes payable | 7,274 | 6,049 |
Short-term debt and current portion of long-term debt | 13,699 | 28,638 |
Total current liabilities | 218,283 | 241,664 |
Long-term debt-net of current portion | 21,050 | 6,533 |
Other long-term liabilities | 10,502 | 10,336 |
Total liabilities | 249,835 | 258,533 |
Commitments and contingencies (Note 10) | ' | ' |
Stockholders' equity: | ' | ' |
Common stock and additional paid-in capital, $0.001 par value, Authorized shares: 100,000,000, Issued shares: 43,151,300 and 42,744,500 at September 30, 2013 and June 30, 2013, respectively | 162,255 | 157,712 |
Treasury stock (at cost), 445,028 shares at September 30, 2013 and June 30, 2013 | -2,030 | -2,030 |
Accumulated other comprehensive loss | -65 | -69 |
Retained earnings | 225,629 | 217,930 |
Total Super Micro Computer, Inc. stockholders' equity | 385,789 | 373,543 |
Noncontrolling interest | 175 | 181 |
Total stockholders' equity | 385,964 | 373,724 |
Total liabilities and stockholders' equity | $635,799 | $632,257 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Current Assets | ' | ' |
Accounts receivable, allowances | $1,403 | $1,966 |
Accounts receivable, related party | 1,077 | 974 |
Current Liabilities | ' | ' |
Accounts payable, related party | $42,500 | $50,448 |
Stockholders' Equity | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 43,151,300 | 42,744,500 |
Treasury stock, shares | 445,028 | 445,028 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements Of Operations (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' |
Net sales (including related party sales of $3,528 and $2,893 in the three months ended September 30, 2013 and 2012, respectively) | $309,016 | $270,707 |
Cost of sales (including related party purchases of $45,317 and $49,257 in the three months ended September 30, 2013 and 2012, respectively) | 262,224 | 235,692 |
Gross profit | 46,792 | 35,015 |
Operating expenses: | ' | ' |
Research and development | 20,236 | 18,221 |
Sales and marketing | 8,865 | 8,766 |
General and administrative | 5,648 | 6,346 |
Total operating expenses | 34,749 | 33,333 |
Income from operations | 12,043 | 1,682 |
Interest and other income, net | 17 | 15 |
Interest expense | -195 | -155 |
Income before income tax provision | 11,865 | 1,542 |
Income tax provision | 4,166 | 643 |
Net income | $7,699 | $899 |
Net income per common share: | ' | ' |
Basic (Per Share) | $0.18 | $0.02 |
Diluted (Per Share) | $0.17 | $0.02 |
Weighted-average shares used in calculation of net income per common share: | ' | ' |
Basic (Shares) | 42,496 | 41,667 |
Diluted (Shares) | 44,602 | 44,174 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements Of Operations (Parenthetical) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' |
Net sales, related party sales | $3,528 | $2,893 |
Cost of sales, related party purchases | $45,317 | $49,257 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' |
Net income | $7,699 | $899 |
Other comprehensive income, net of tax: | ' | ' |
Foreign currency translation gain | 4 | 4 |
Unrealized gains on investments | 0 | 0 |
Total other comprehensive income | 4 | 4 |
Comprehensive income | $7,703 | $903 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements Of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
OPERATING ACTIVITIES: | ' | ' |
Net income | $7,699 | $899 |
Reconciliation of net income to net cash provided by (used in) operating activities: | ' | ' |
Depreciation and amortization | 1,393 | 1,955 |
Stock-based compensation expense | 2,589 | 2,903 |
Excess tax benefits from stock-based compensation | -882 | -784 |
Allowance for doubtful accounts | 849 | 137 |
Provision for inventory | 4 | 2,910 |
Deferred income taxes | 91 | -2,870 |
Exchange loss | 241 | 202 |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable, net (including changes in related party balances of $(103) and $514 during the three months ended September 30, 2013 and 2012, respectively) | 14,435 | -10,910 |
Inventory | -144 | 10,537 |
Prepaid expenses and other assets | 960 | 297 |
Accounts payable (including changes in related party balances of $(7,948) and $(3,570) during the three months ended September 30, 2013 and 2012, respectively) | -7,732 | -34,688 |
Income taxes payable, net | 1,841 | 1,250 |
Accrued liabilities | -3,207 | 1,436 |
Other long-term liabilities | 170 | 172 |
Net cash provided by (used in) operating activities | 18,307 | -26,554 |
INVESTING ACTIVITIES: | ' | ' |
Restricted cash | -14 | -1 |
Purchases of property, plant and equipment | -1,948 | -919 |
Net cash used in investing activities | -1,962 | -920 |
FINANCING ACTIVITIES: | ' | ' |
Proceeds from exercise of stock options | 1,535 | 359 |
Minimum tax withholding paid on behalf of an officer for restricted stock awards | -651 | -1,022 |
Excess tax benefits from stock-based compensation | 882 | 784 |
Proceeds from debt | 0 | 20,641 |
Repayment of debt | -700 | -15,573 |
Payment of obligations under capital leases | -5 | -9 |
Advance (payments) under receivable financing arrangements | 736 | -599 |
Contributions from noncontrolling interests | 0 | 168 |
Net cash provided by financing activities | 1,797 | 4,749 |
Effect of exchange rate fluctuations on cash | 278 | 222 |
Net increase (decrease) in cash and cash equivalents | 18,420 | -22,503 |
Cash and cash equivalents at beginning of period | 93,038 | 80,826 |
Cash and cash equivalents at end of period | 111,458 | 58,323 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for interest | 200 | 257 |
Cash paid for taxes, net of refunds | 1,807 | 1,974 |
Non-cash investing and financing activities: | ' | ' |
Accrued costs for property, plant and equipment purchases | $1,836 | $1,166 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements Of Cash Flows (Parenthetical) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Net cash provided by (used in) operating activities | ' | ' |
Accounts receivable, changes in related party balances | ($103) | $514 |
Accounts payable, changes in related party balances | ($7,948) | ($3,570) |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 3 Months Ended | |
Sep. 30, 2013 | ||
Accounting Policies [Abstract] | ' | |
Summary of Significant Accounting Policies | ' | |
Summary of Significant Accounting Policies | ||
Organization | ||
Super Micro Computer, Inc. (“Super Micro Computer”) was incorporated in 1993. Super Micro Computer is a global leader in high-performance, high-efficiency server technology and green computing innovation. Super Micro Computer develops and provides high performance server solutions based upon an innovative, modular and open-standard architecture. Super Micro Computer has operations primarily in San Jose, California, the Netherlands, Taiwan and China. | ||
Basis of Presentation | ||
The condensed consolidated financial statements reflect the condensed consolidated balance sheets, results of operations, comprehensive income and cash flows of Super Micro Computer, Inc. and its wholly-owned subsidiaries (collectively, the “Company”). All intercompany accounts and transactions have been eliminated in consolidation. | ||
The unaudited condensed consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and include the accounts of the Company and its wholly-owned subsidiaries. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended June 30, 2013 included in its Annual Report on Form 10-K, as filed with the SEC (the “Annual Report”). | ||
The unaudited condensed consolidated financial statements included herein reflect all adjustments, including normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position, results of operations and cash flows for the periods presented. The condensed consolidated results of operations for the three months ended September 30, 2013 are not necessarily indicative of the results that may be expected for future quarters or for the fiscal year ending June 30, 2014. | ||
As of September 30, 2013, the Company contributed $168,000 and owned a 50% interest in Super Micro Business Park, Inc. ("Management Company") in Taiwan. The Management Company was established to manage the common areas shared by the Company and Ablecom for their separately constructed manufacturing facilities. The Company has concluded that the Management Company is a variable interest entity of the Company as the Company is the primary beneficiary of the Management Company. Therefore, the accounts of the Management Company have been consolidated with the accounts of the Company, and a noncontrolling interest has been recorded for Ablecom's interests in the net assets and operations of the Management Company. In the three months ended September 30, 2013 and 2012, $6,000 and $2,000, respectively, of net loss attributable to Ablecom's interest was included in the Company's general and administrative expenses in the condensed consolidated statements of operations. | ||
Fair Value of Financial Instruments | ||
The Company accounts for certain assets and liabilities at fair value. Accounts receivable and accounts payable are carried at cost, which approximates fair value due to the short maturity of these instruments. Cash equivalents and long-term investments are carried at fair value. Short-term and long-term debt is carried at amortized cost, which approximates its fair value based on borrowing rates currently available to the Company for loans with similar terms. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. The Company categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are: | ||
• | Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; | |
• | Level 2 - Quoted prices in markets that are not active or financial instruments for which all significant inputs are observable, either directly or indirectly; and | |
• | Level 3 - Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. | |
Net Income Per Common Share | ||
The Company’s restricted share awards subject to repurchase and settled in shares of common stock upon vesting have the nonforfeitable right to receive dividends on an equal basis with common stock and therefore are considered participating securities that must be included in the calculation of net income per share using the two-class method. Under the two-class method, basic and diluted net income per common share is determined by calculating net income per share for common stock and participating securities based on participation rights in undistributed earnings. Diluted net income per common share also considers the dilutive effect of in-the-money stock options, calculated using the treasury stock method. Under the treasury stock method, the amount of assumed proceeds from unexercised stock options includes the amount of compensation cost attributable to future services not yet recognized, assumed proceeds from the exercise of the options, and the incremental income tax benefit or liability as if the options were exercised during the period. | ||
Adoption of New Accounting Pronouncements | ||
In February 2013, the Financial Accounting Standards Board ("FASB") issued authoritative guidance associated with reporting of amounts reclassified out of accumulated other comprehensive income, which requires companies to present significant reclassifications out of accumulated other comprehensive income in their entirety in the statement of operations or in a separate footnote to the financial statements. For amounts that are not required to be reclassified in their entirety to net income, the standard requires companies to cross-reference to related footnoted disclosures. The new disclosure requirements are effective on a prospective basis for financial statements issued for fiscal years, and interim periods within those years, beginning after December 15, 2012 and early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's financial statement disclosures, results of operations or financial position. | ||
In July 2013, the FASB issued authoritative guidance associated with the presentation of unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. It requires a liability related to unrecognized tax benefit to offset a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward if a settlement is required or expected in the event the uncertain tax position is disallowed. The Company currently plans to adopt the new disclosure requirement on July 1, 2014. The Company does not believe the adoption of this guidance will have a material impact on its financial statement disclosures, results of operations or financial position. |
StockBased_Compensation_and_St
Stock-Based Compensation and Stockholders' Equity | 3 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||
Stock-based Compensation and Stockholders' Equity | ' | |||||||||||||
Stock-based Compensation and Stockholders’ Equity | ||||||||||||||
Equity Incentive Plan | ||||||||||||||
In January 2011, the Board of Directors approved an amendment to the 2006 Equity Incentive Plan (the “2006 Plan”) that increased by 2,000,000 the aggregate maximum number of shares that may be issued under the 2006 Plan. The amendment to the 2006 Plan was approved by the Company’s stockholders in February 2011. The authorized number of shares that may be issued under the 2006 Plan automatically increases on July 1 each year through 2016, by an amount equal to (a) 3.0% of shares of stock issued and outstanding on the immediately preceding June 30, or (b) a lesser amount determined by the Board of Directors. The exercise price per share for incentive stock options granted to employees owning shares representing more than 10% of the Company at the time of grant cannot be less than 110% of the fair value. Nonqualified stock options and incentive stock options granted to all other persons shall be granted at a price not less than 100% of the fair value. Options generally expire ten years after the date of grant and options vest over four years; 25% at the end of one year and one sixteenth per quarter thereafter. As of September 30, 2013, the Company had 1,671,649 authorized shares available for future issuance under all of its equity incentive plans. | ||||||||||||||
Restricted Stock Awards | ||||||||||||||
Restricted stock awards are share awards that provide the rights to a set number of shares of the Company’s stock on the grant date. In August 2008, the Compensation Committee of the Board of Directors of the Company (the “Committee”) approved the terms of an agreement (the “Option Exercise Agreement”) with Charles Liang, a director and President and Chief Executive Officer of the Company, pursuant to which Mr. Liang exercised a fully vested option previously granted to him for the purchase of 925,000 shares. The option was exercised using a “net-exercise” procedure in which he was issued a number of shares representing the spread between the option exercise price and the then current market value of the shares subject to the option (898,205 shares based upon the market value as of the date of exercise). The shares issued upon exercise of the option are subject to vesting over five years. Vesting of the shares subject to the award may accelerate in certain circumstances pursuant to the terms of the Option Exercise Agreement. The Company determined that there was no incremental fair value of the option exchanged for the award. 898,205 and 718,564 shares were vested as of September 30, 2013 and June 30, 2013, respectively. | ||||||||||||||
Determining Fair Value | ||||||||||||||
Valuation and amortization method—The Company estimates the fair value of stock options granted using the Black-Scholes-option-pricing formula and a single option award approach. This fair value is then amortized ratably over the requisite service periods of the awards, which is generally the vesting period. | ||||||||||||||
Expected Term—The Company’s expected term represents the period that the Company’s stock-based awards are expected to be outstanding and was determined based on an analysis of the relevant peer companies’ post-vest termination rates and the exercise factors for the stock options granted prior to June 30, 2011. For stock options granted after June 30, 2011, the expected term is based on a combination of the Company's peer group and the Company's historical experience. | ||||||||||||||
Expected Volatility—Expected volatility is based on a combination of the implied and historical volatility for its peer group and the Company’s historical volatility for the stock options granted prior to September 30, 2009. For stock options granted after September 30, 2009, expected volatility is based solely on the Company’s historical volatility. | ||||||||||||||
Expected Dividend—The Black-Scholes valuation model calls for a single expected dividend yield as an input and the Company has no plans to pay dividends. | ||||||||||||||
Risk-Free Interest Rate—The risk-free interest rate used in the Black-Scholes valuation method is based on the U.S. Treasury zero coupon issues in effect at the time of grant for periods corresponding with the expected term of option. | ||||||||||||||
Estimated Forfeitures—The estimated forfeiture rate is based on the Company’s historical forfeiture rates and the estimate is revised in subsequent periods if actual forfeitures differ from the estimate. | ||||||||||||||
The fair value of stock option grants for the three months ended September 30, 2013 and 2012 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions: | ||||||||||||||
Three Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2013 | 2012 | |||||||||||||
Risk-free interest rate | 1.54 | % | 0.65 | % | ||||||||||
Expected life | 5.49 years | 5.03 years | ||||||||||||
Dividend yield | — | % | — | % | ||||||||||
Volatility | 50.05 | % | 51.29 | % | ||||||||||
Weighted-average fair value | $ | 5.48 | $ | 5.55 | ||||||||||
The following table shows total stock-based compensation expense included in the consolidated statements of operations for the three months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||
Three Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2013 | 2012 | |||||||||||||
Cost of sales | $ | 235 | $ | 240 | ||||||||||
Research and development | 1,561 | 1,630 | ||||||||||||
Sales and marketing | 314 | 404 | ||||||||||||
General and administrative | 479 | 629 | ||||||||||||
Stock-based compensation expense before taxes | 2,589 | 2,903 | ||||||||||||
Income tax impact | (288 | ) | (228 | ) | ||||||||||
Stock-based compensation expense, net | $ | 2,301 | $ | 2,675 | ||||||||||
The cash flows resulting from the tax benefits for tax deductions resulting from the exercise of stock options in excess of the compensation expense recorded for those options (excess tax benefits) issued or modified since July 1, 2006 are classified as cash from financing activities. Excess tax benefits for stock options issued prior to July 1, 2006 are classified as cash from operating activities. The Company had $1,070,000 and $815,000 of excess tax benefits accounted in the Company’s additional paid-in capital in the three months ended September 30, 2013 and 2012, respectively. The Company had excess tax benefits that are classified as cash from financing activities of $882,000 and $784,000 in the three months ended September 30, 2013 and 2012, respectively, for options issued since July 1, 2006. Excess tax benefits for stock options issued prior to July 1, 2006 continue to be classified as cash from operating activities. | ||||||||||||||
Stock Option Activity | ||||||||||||||
The following table summarizes stock option activity during the three months ended September 30, 2013 under all stock option plans: | ||||||||||||||
Number of Shares | Weighted | Weighted | Aggregate | |||||||||||
Average | Average | Intrinsic | ||||||||||||
Exercise | Remaining | Value | ||||||||||||
Price per | Contractual | (in thousands) | ||||||||||||
Share | Term | |||||||||||||
(in Years) | ||||||||||||||
Outstanding at July 1, 2013 | 12,206,178 | $ | 10.83 | 6.23 | $ | 22,631 | ||||||||
Granted | 319,670 | 11.76 | ||||||||||||
Exercised | (277,159 | ) | 5.54 | |||||||||||
Forfeited or cancelled | (82,850 | ) | 13.76 | |||||||||||
Outstanding at September 30, 2013 | 12,165,839 | 10.96 | 6.15 | 42,277 | ||||||||||
Options vested and expected to vest at September 30, 2013 | 11,913,666 | 10.92 | 6.09 | 41,806 | ||||||||||
Options vested and exercisable at September 30, 2013 | 8,850,611 | $ | 9.93 | 5.21 | $ | 37,588 | ||||||||
The total pretax intrinsic value of options exercised was $1,981,000 and $878,000 for the three months ended September 30, 2013 and 2012, respectively. As of September 30, 2013, the Company’s total unrecognized compensation cost related to non-vested stock-based awards granted since July 1, 2006 to employees and non-employee directors was $17,985,000, which will be recognized over a weighted-average vesting period of approximately 2.34 years. | ||||||||||||||
Restricted Stock Award Activity | ||||||||||||||
The following table summarizes the Company’s restricted stock award activity for the three months ended September 30, 2013: | ||||||||||||||
Restricted Stock Awards | ||||||||||||||
Number | Weighted | |||||||||||||
of Shares | Average | |||||||||||||
Grant Date | ||||||||||||||
Fair Value | ||||||||||||||
Per Share | ||||||||||||||
Nonvested stock at July 1, 2013 | 179,641 | $ | 10.66 | |||||||||||
Granted | — | — | ||||||||||||
Vested | (179,641 | ) | 10.66 | |||||||||||
Forfeited | — | — | ||||||||||||
Nonvested stock at September 30, 2013 | — | $ | — | |||||||||||
The total pretax intrinsic value of restricted stock awards vested was $2,337,000 and $2,190,000 for the three months ended September 30, 2013 and 2012, respectively. In the three months ended September 30, 2013 and 2012, upon vesting, 179,641 shares of restricted stock awards were partially net share-settled such that the Company withheld 50,000 shares and 83,857 shares, respectively, with value equivalent to an officer's minimum statutory obligation for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities. The total shares withheld were based on the value of the restricted stock awards on the vesting date as determined by the Company’s closing stock price. Total payments for an officer's tax obligations to the taxing authorities were $651,000 and $1,022,000 in the three months ended September 30, 2013 and 2012, respectively, and are reflected as a financing activity within the Condensed Consolidated Statements of Cash Flows. These net-share settlements had the effect of share repurchases by the Company as they reduced and retired the number of shares that would have otherwise been issued as a result of the vesting and did not represent an expense to the Company. |
Net_Income_Per_Common_Share
Net Income Per Common Share | 3 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Net Income Per Common Share | ' | ||||||||
Net Income Per Common Share | |||||||||
The computation of basic and diluted net income per common share using the two-class method is as follows (in thousands, except per share amounts): | |||||||||
Three Months Ended | |||||||||
September 30, | |||||||||
2013 | 2012 | ||||||||
Basic net income per common share calculation | |||||||||
Net income | $ | 7,699 | $ | 899 | |||||
Less: Undistributed earnings allocated to participating securities | (20 | ) | (6 | ) | |||||
Net income attributable to common shares—basic | $ | 7,679 | $ | 893 | |||||
Weighted-average number of common shares used to compute basic net income per common share | 42,496 | 41,667 | |||||||
Basic net income per common share | $ | 0.18 | $ | 0.02 | |||||
Diluted net income per common share calculation | |||||||||
Net income | $ | 7,699 | $ | 899 | |||||
Less: Undistributed earnings allocated to participating securities | (19 | ) | (6 | ) | |||||
Net income attributable to common shares—diluted | $ | 7,680 | $ | 893 | |||||
Weighted-average number of common shares used to compute basic net income per common share | 42,496 | 41,667 | |||||||
Dilutive effect of options to purchase common stock | 2,106 | 2,507 | |||||||
Weighted-average number of common shares used to compute diluted net income per common share | 44,602 | 44,174 | |||||||
Diluted net income per common share | $ | 0.17 | $ | 0.02 | |||||
For the three months ended September 30, 2013 and 2012, the Company had stock options outstanding that could potentially dilute basic earnings per share in the future, but were excluded from the computation of diluted net income per share in the periods presented, as their effect would have been anti-dilutive. The shares of common stock issuable upon exercise of such anti-dilutive outstanding stock options were 5,909,000 and 5,338,000 for the three months ended September 30, 2013 and 2012, respectively. |
Balance_Sheet_Components
Balance Sheet Components | 3 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Balance Sheet Related Disclosures [Abstract] | ' | |||||||
Balance Sheet Components | ' | |||||||
Balance Sheet Components | ||||||||
The following tables provide details of selected balance sheet items (in thousands): | ||||||||
Inventory: | ||||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Finished goods | $ | 184,098 | $ | 185,459 | ||||
Work in process | 16,689 | 10,440 | ||||||
Purchased parts and raw materials | 53,523 | 58,271 | ||||||
Total inventory | $ | 254,310 | $ | 254,170 | ||||
The Company recorded a provision for lower of costs or market and excess and obsolete inventory totaling $4,000 and $2,910,000 in the three months ended September 30, 2013 and 2012, respectively. | ||||||||
Property, Plant, and Equipment: | ||||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Land | $ | 41,774 | $ | 41,774 | ||||
Buildings | 43,979 | 43,979 | ||||||
Building and leasehold improvements | 7,502 | 7,483 | ||||||
Machinery and equipment | 29,007 | 26,941 | ||||||
Furniture and fixtures | 4,805 | 4,731 | ||||||
Purchased software | 5,432 | 5,380 | ||||||
132,499 | 130,288 | |||||||
Accumulated depreciation and amortization | (35,732 | ) | (34,376 | ) | ||||
Property, plant and equipment, net | $ | 96,767 | $ | 95,912 | ||||
On September 20, 2013, the Company entered into an agreement for purchase and sale of real property. On October 31, 2013, the Company completed the purchase of real property for $30,091,000. The property consists of approximately 324,000 square feet of building space on 36 acres of land. The Company plans to draw additional proceeds from the credit facility in the future to finance this property. | ||||||||
Other Assets: | ||||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Prepaid royalty license | $ | 1,433 | $ | 1,496 | ||||
Restricted cash | 861 | 847 | ||||||
Investment in a privately held company | 750 | 750 | ||||||
Building and land deposit | 1,000 | — | ||||||
Others | 141 | 148 | ||||||
Total other assets | $ | 4,185 | $ | 3,241 | ||||
Restricted cash consists primarily of certificates of deposits pledged as security for one irrevocable letter of credit required by the landlord of the Company's warehouse lease in Fremont, California, certificates of deposits pledged as security for a value added tax examination required by the tax authority of Taiwan and bank guarantees required by the landlord of the Company's office leases in the Netherlands. Building and land deposit is for the real property agreement entered in September 2013. Escrow of the property was closed on October 31, 2013. | ||||||||
Accrued Liabilities: | ||||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Accrued payroll and related expenses | $ | 8,873 | $ | 12,084 | ||||
Customer prepayments | 4,196 | 4,134 | ||||||
Accrued warranty costs | 6,600 | 6,472 | ||||||
Accrued cooperative marketing expenses | 3,967 | 4,016 | ||||||
Others | 8,014 | 7,416 | ||||||
Total accrued liabilities | $ | 31,650 | $ | 34,122 | ||||
Product Warranties: | ||||||||
Three Months Ended | ||||||||
September 30, | ||||||||
2013 | 2012 | |||||||
Balance, beginning of period | $ | 6,472 | $ | 5,522 | ||||
Provision for warranty | 3,434 | 3,108 | ||||||
Costs charged to accrual | (3,351 | ) | (2,904 | ) | ||||
Change in estimated liability for pre-existing warranties | 45 | 238 | ||||||
Balance, end of period | $ | 6,600 | $ | 5,964 | ||||
LongTerm_Investments
Long-Term Investments | 3 Months Ended |
Sep. 30, 2013 | |
Long-term Investments [Abstract] | ' |
Long-term Investments | ' |
Long-term Investments | |
As of September 30, 2013 and June 30, 2013, the Company held $2,637,000 of auction-rate securities (“auction rate securities”), net of unrealized losses, representing its interest in auction rate preferred shares in a closed end mutual fund invested in municipal securities; such auction rate securities were rated AAA or AA2 at September 30, 2013 and June 30, 2013. These auction rate preferred shares have no stated maturity date. | |
During February 2008, the auctions for these auction rate securities began to fail to obtain sufficient bids to establish a clearing rate and the securities were not saleable in the auction, thereby losing the short-term liquidity previously provided by the auction process. As a result, as of September 30, 2013 and June 30, 2013, $2,637,000 of these auction rate securities have been classified as long-term available-for-sale investments. | |
The Company has used a discounted cash flow model to estimate the fair value of the auction rate securities as of September 30, 2013 and June 30, 2013. The material factors used in preparing the discounted cash flow model are i) the discount rate utilized to present value the cash flows, ii) the time period until redemption and iii) the estimated rate of return. As of September 30, 2013, the discount rate, the time period until redemption and the estimated rate of return were 1.65%, 3 years and 0.33%, respectively. Management derives the estimates by obtaining input from market data on the applicable discount rate, estimated time to redemption and estimated rate of return. The changes in fair value have been primarily due to changes in the estimated rate of return and a change in the estimated redemption period. The fair value of the Company's investment portfolio may change between 1% to 3% by increasing or decreasing the rate of return used by 1% or by increasing or decreasing the term used by 1 year. Changes in these estimates or in the market conditions for these investments are likely in the future based upon the then current market conditions for these investments and may affect the fair value of these investments. On a quarterly basis, the Company reviews the inputs to assess their continued appropriateness and consistency. If any significant differences were to be noted, they would be researched in order to determine the reason. However, historically, no significant differences have been noted. The Company has consistently applied these valuation techniques in all periods presented and believes it has obtained the most accurate information available for the auction rate securities. Movement of these inputs would not significantly impact the fair value of the auction rate securities. | |
Based on this assessment of fair value, the Company determined there were no changes in the fair value of its auction rate securities during the three months ended September 30, 2013 and 2012. There was a cumulative total decline of $113,000 as of September 30, 2013 and June 30, 2013. That amount has been recorded as a component of other comprehensive income. As of September 30, 2013 and June 30, 2013, the Company has recorded an accumulated unrealized loss of $68,000, net of deferred income taxes, on long-term auction rate securities. The Company deems this loss to be temporary as it will not likely be required to sell the securities before their anticipated recovery and the Company has the intent and financial ability to hold these investments until recovery of cost. | |
Although the investment impairment is considered to be temporary, these investments are not currently liquid and in the event the Company needs to access these funds, the Company will not be able to do so without a loss of principal. The Company plans to continue to monitor the liquidity situation in the marketplace and the creditworthiness of its holdings and will perform periodic impairment analysis. During the three months ended September 30, 2013 and 2012, there were no auction rate securities redeemed or sold. |
Fair_Value_Disclosure
Fair Value Disclosure | 3 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Fair Value Disclosure | ' | |||||||||||||||
Fair Value Disclosure | ||||||||||||||||
The financial assets of the Company measured at fair value on a recurring basis are included in cash equivalents and long-term investments. The Company’s money market funds are classified within Level 1 of the fair value hierarchy which is based on quoted market prices for the identical underlying securities in active markets. The Company’s long-term auction rate securities investments are classified within Level 3 of the fair value hierarchy which did not have observable inputs for its auction rate securities as of September 30, 2013 and June 30, 2013. Refer to Note 1 of Notes to Condensed Consolidated Financial Statements for a discussion of the Company’s policies regarding the fair value hierarchy. The Company’s methodology for valuing these investments is the discounted cash flow model and is described in Note 5 of Notes to Condensed Consolidated Financial Statements. | ||||||||||||||||
The following table sets forth the Company’s cash equivalents and long-term investments as of September 30, 2013 and June 30, 2013 which are measured at fair value on a recurring basis by level within the fair value hierarchy. These are classified based on the lowest level of input that is significant to the fair value measurement, (in thousands): | ||||||||||||||||
September 30, 2013 | Level 1 | Level 2 | Level 3 | Asset at | ||||||||||||
Fair Value | ||||||||||||||||
Money market funds | $ | 310 | $ | — | $ | — | $ | 310 | ||||||||
Auction rate securities | — | — | 2,637 | 2,637 | ||||||||||||
Total | $ | 310 | $ | — | $ | 2,637 | $ | 2,947 | ||||||||
June 30, 2013 | Level 1 | Level 2 | Level 3 | Asset at | ||||||||||||
Fair Value | ||||||||||||||||
Money market funds | $ | 310 | $ | — | $ | — | $ | 310 | ||||||||
Auction rate securities | — | — | 2,637 | 2,637 | ||||||||||||
Total | $ | 310 | $ | — | $ | 2,637 | $ | 2,947 | ||||||||
The above table excludes $110,909,000 and $92,495,000 of cash and $1,159,000 and $1,139,000 of certificates of deposit held by the Company as of September 30, 2013 and June 30, 2013, respectively. There were no transfers between Level 1, Level 2 or Level 3 securities in the three months ended September 30, 2013 and 2012. | ||||||||||||||||
The following table provides a reconciliation of the Company’s financial assets measured at fair value on a recurring basis, consisting of long-term auction rate securities, using significant unobservable inputs (Level 3) for the three months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||
Three Months Ended | ||||||||||||||||
September 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Balance as of beginning of period | $ | 2,637 | $ | 2,923 | ||||||||||||
Total realized gains or (losses) included in net income | — | — | ||||||||||||||
Total unrealized gains or (losses) included in other comprehensive income | — | — | ||||||||||||||
Sales and settlements at par | — | — | ||||||||||||||
Transfers in and/or out of Level 3 | — | — | ||||||||||||||
Balance as of end of period | $ | 2,637 | $ | 2,923 | ||||||||||||
The following is a summary of the Company’s long-term investments as of September 30, 2013 and June 30, 2013 (in thousands): | ||||||||||||||||
September 30, 2013 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost | Unrealized | Unrealized | ||||||||||||||
Holding | Holding | |||||||||||||||
Gains | Losses | |||||||||||||||
Auction rate securities | $ | 2,750 | $ | — | $ | (113 | ) | $ | 2,637 | |||||||
June 30, 2013 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost | Unrealized | Unrealized | ||||||||||||||
Holding | Holding | |||||||||||||||
Gains | Losses | |||||||||||||||
Auction rate securities | $ | 2,750 | $ | — | $ | (113 | ) | $ | 2,637 | |||||||
The Company measures the fair value of outstanding debt for disclosure purposes on a recurring basis. As of September 30, 2013 and June 30, 2013, short-term and long-term debt of $34,749,000 and $35,171,000, respectively, are reported at amortized cost. This outstanding debt is classified at Level 2 as they are not actively traded and are valued using a discounted cash flow model that uses observable market inputs. Based on the discounted cash flow model, the fair value of the outstanding debt approximates amortized cost. |
ShortTerm_and_LongTerm_Obligat
Short-Term and Long-Term Obligations | 3 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Debt Instruments [Abstract] | ' | |||||||
Short-term and Long-term Obligations | ' | |||||||
Short-term and Long-term Obligations | ||||||||
Short-term and long-term obligations as of September 30, 2013 and June 30, 2013 consisted of the following (in thousands): | ||||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Lines of credit: | ||||||||
Bank of America | $ | 10,899 | $ | 10,899 | ||||
Building term loans: | ||||||||
Bank of America | 8,633 | 9,333 | ||||||
CTBC Bank | 15,217 | 14,939 | ||||||
Total building term loans | 23,850 | 24,272 | ||||||
Total debt | 34,749 | 35,171 | ||||||
Current portion | (13,699 | ) | (28,638 | ) | ||||
Long-term portion | $ | 21,050 | $ | 6,533 | ||||
Activities under Revolving Lines of Credit and Term Loans | ||||||||
Bank of America | ||||||||
In October 2011, the Company entered into an amendment to the existing credit agreement with Bank of America, N.A. ("Bank of America") which provided for (i) a $40,000,000 revolving line of credit facility that matured on June 15, 2013 and (ii) a five-year $14,000,000 term loan facility. The term loan is secured by three buildings located in San Jose, California and the principal and interest are payable monthly through September 30, 2016 with an interest rate at the LIBOR rate plus 1.50% per annum. The credit agreement was subsequently amended to extend the maturity date of the revolving line of credit facility to August 15, 2014. | ||||||||
The line of credit facility provides for borrowings denominated both in U.S. dollars and in Taiwanese dollars. For borrowings denominated in U.S. dollars, the interest rate for the revolving line of credit is at the LIBOR rate plus 1.25% per annum. The LIBOR rate was 0.18% at September 30, 2013. For borrowings denominated in Taiwanese dollars, the interest rate is equal to the lender's established interest rate which is adjusted monthly. | ||||||||
As of September 30, 2013 and June 30, 2013, the total outstanding borrowings under the Bank of America term loan was $8,633,000 and $9,333,000, respectively. The total outstanding borrowings under the Bank of America line of credit was $10,899,000 as of September 30, 2013 and June 30, 2013. The interest rates for these loans ranged from 1.22% to 1.68% per annum at September 30, 2013 and 1.23% to 1.69% per annum at June 30, 2013, respectively. As of September 30, 2013, the unused revolving line of credit with Bank of America was $29,101,000. | ||||||||
CTBC Bank | ||||||||
In October 2011, the Company obtained an unsecured revolving line of credit from CTBC Bank Co., Ltd. (formerly, China Trust Bank) totaling NT$300,000,000 Taiwanese dollars, or $9,898,000 U.S. dollar equivalents. In July 2012, the Company increased the credit facility to NT$450,000,000 Taiwanese dollars or $14,912,000 U.S. dollar equivalents. The term loan was secured by the land and building located in Bade, Taiwan with an interest rate equal to the lender’s established interest rate plus 0.30% which was adjusted monthly. The total outstanding borrowings under the CTBC Bank Co., Ltd. ("CTBC Bank") term loan was denominated in Taiwanese dollars and was translated into U.S. dollars of $15,217,000 and $14,939,000 with an interest rate at 1.22% and 1.20% per annum at September 30, 2013 and June 30, 2013, respectively. | ||||||||
In November 2013, the Company entered into an amendment to the existing credit agreement with CTBC Bank which provides for (i) a 13-month NT$700,000,000 Taiwanese dollars or $23,787,000 U.S. dollar equivalents term loan secured by the land and building located in Bade, Taiwan with an interest rate equal to the lender's established interest rate plus 0.25% per annum which is adjusted monthly and (ii) a 13-month unsecured term loan up to NT$100,000,000 Taiwanese dollars or $3,398,000 U.S. dollar equivalents and a 13-month revolving line of credit up to 80% of eligible accounts receivable in an aggregate amount of up to NT$500,000,000 Taiwanese dollars or $16,991,000 U.S. dollar equivalents with an interest rate equal to the lender's established NTD interest rate plus 0.25% per annum or lender's established USD interest rate plus 0.30% per annum which is adjusted monthly. The total borrowings allowed under the credit agreement is capped at NT$1,000,000,000 Taiwanese dollars or $33,981,000 U.S. dollar equivalents. The Company amended this credit facility primarily to increase the credit facility amount and extend the maturity date to November 30, 2014. In November 2013, there were no additional borrowings under this credit agreement and NT$550,000,000 Taiwanese dollars or $18,690,000 U.S. dollar equivalents was available for future borrowing under this credit agreement. There are no financial covenants associated with this credit agreement. | ||||||||
Covenant Compliance | ||||||||
The credit agreement with Bank of America contains customary representations and warranties and customary affirmative and negative covenants applicable to the Company and its subsidiaries. The credit agreement contains certain financial covenants, including the following: | ||||||||
• | Not to incur on a consolidated basis, a net loss before taxes and extraordinary items in any two consecutive quarterly accounting periods; | |||||||
• | The Company’s funded debt to EBITDA ratio (ratio of all outstanding liabilities for borrowed money and other interest-bearing liabilities, including current and long-term debt, less the non-current portion of subordinated liabilities to EBITDA) shall not be greater than 2.00; | |||||||
• | The Company’s unencumbered liquid assets, as defined in the agreement, held in the United States shall have an aggregate market value of not less than $30,000,000, measured as of the last day of each fiscal quarter and the last day of each fiscal year. | |||||||
As of September 30, 2013 and June 30, 2013, the total assets of $590,450,000 and $586,742,000, respectively, collateralized the line of credit with Bank of America were all of the assets of the Company except for the three buildings purchased in San Jose, California in June 2010 and the land and building located in Bade, Taiwan. As of September 30, 2013 and June 30, 2013, total assets collateralizing the term loan with Bank of America were $17,756,000 and $17,813,000, respectively. As of September 30, 2013, the Company was in compliance with all financial covenants associated with the credit agreement with Bank of America. | ||||||||
As of September 30, 2013 and June 30, 2013, the net book value of land and building located in Bade, Taiwan collateralizing the term loan with CTBC Bank was $27,593,000 and $27,702,000, respectively. There are no financial covenants associated with the term loan with CTBC Bank at September 30, 2013. |
RelatedParty_and_Other_Transac
Related-Party and Other Transactions | 3 Months Ended |
Sep. 30, 2013 | |
Related Party Transaction, Due from (to) Related Party [Abstract] | ' |
Related-party and Other Transactions | ' |
Related-party and Other Transactions | |
Ablecom Technology Inc.—Ablecom, a Taiwan corporation, together with one of its subsidiaries, Compuware (collectively “Ablecom”), is one of the Company’s major contract manufacturers. Ablecom’s ownership of Compuware is below 50% but Compuware remains a related party as Ablecom still has significant influence over the operations. Ablecom’s chief executive officer, Steve Liang, is the brother of Charles Liang, the Company’s President, Chief Executive Officer and Chairman of the Board of Directors. Ablecom owns approximately 1.0% of the Company’s common stock. Charles Liang and his wife, also an officer of the Company, collectively own approximately 10.5% of Ablecom, while Steve Liang and other family members own approximately 35.9% of Ablecom at September 30, 2013. | |
The Company has product design and manufacturing services agreements (“product design and manufacturing agreements”) and a distribution agreement (“distribution agreement”) with Ablecom. | |
Under the product design and manufacturing agreements, the Company outsources a portion of its design activities and a significant part of its manufacturing of components such as server chassis to Ablecom. Ablecom agrees to design products according to the Company’s specifications. Additionally, Ablecom agrees to build the tools needed to manufacture the products. The Company has agreed to pay for Ablecom's cost of chassis and related product tooling and engineering services and will pay for those items when the work has been completed. | |
Under the distribution agreement, Ablecom purchases server products from the Company for distribution in Taiwan. The Company believes that the pricing and terms under the distribution agreement are similar to the pricing and terms of distribution arrangements the Company has with similar, third party distributors. | |
Ablecom’s net sales to the Company and its net sales of the Company’s products to others comprise a substantial majority of Ablecom’s net sales. The Company purchased products from Ablecom totaling $45,317,000 and $49,257,000 and sold products to Ablecom totaling $3,528,000 and $2,893,000 for the three months ended September 30, 2013 and 2012, respectively. | |
Amounts owed to the Company by Ablecom as of September 30, 2013 and June 30, 2013, were $1,077,000 and $974,000, respectively. Amounts owed to Ablecom by the Company as of September 30, 2013 and June 30, 2013, were $42,500,000 and $50,448,000, respectively. For the three months ended September 30, 2013, the Company paid Ablecom the majority of invoiced dollars between 51 and 86 days of invoice. For the three months ended September 30, 2013 and 2012, the Company paid $2,276,000 and $1,384,000, respectively, for tooling assets and miscellaneous costs to Ablecom. | |
The Company’s exposure to loss as a result of its involvement with Ablecom is limited to (a) potential losses on its purchase orders in the event of an unforeseen decline in the market price and/or demand of the Company’s products such that the Company incurs a loss on the sale or cannot sell the products and (b) potential losses on outstanding accounts receivable from Ablecom in the event of an unforeseen deterioration in the financial condition of Ablecom such that Ablecom defaults on its payable to the Company. Outstanding purchase orders with Ablecom were $58,968,000 and $53,684,000 at September 30, 2013 and June 30, 2013, respectively, representing the maximum exposure to loss relating to (a) above. The Company does not have any direct or indirect guarantees of losses of Ablecom. | |
In May 2012, the Company and Ablecom jointly established Super Micro Business Park, Inc. ("Management Company") in Taiwan to manage the common areas shared by the Company and Ablecom for their separately constructed manufacturing facilities. Each company contributed $168,000 and own 50% of the Management Company. Although the operations of the Management Company are independent of the Company, through governance rights, the Company has the ability to direct the Management Company's business strategies. Therefore, the Company has concluded that the Management Company is a variable interest entity of the Company as the Company is the primary beneficiary of the Management Company. The accounts of the Management Company are consolidated with the accounts of the Company, and a noncontrolling interest has been recorded for the Ablecom's interests in the net assets and operations of the Management Company. In the three months ended September 30, 2013 and 2012, $6,000 and $2,000, respectively, of net loss attributable to Ablecom's interest was included in the Company's general and administrative expenses in the condensed consolidated statements of operations. |
Income_Taxes
Income Taxes | 3 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
The Company recorded provisions for income taxes of $4,166,000 and $643,000 for the three months ended September 30, 2013 and 2012, respectively. The effective tax rate was 35.1% and 41.7% for the three months ended September 30, 2013 and 2012, respectively. The effective tax rates for the three months ended September 30, 2013 did not significantly differ from the U.S. federal statutory rate primarily due to the impact of stock option expenses partially offset by the benefit from federal and state research and development tax credit. | |
As of September 30, 2013, the Company had a liability for gross unrecognized tax benefits of $8,522,000, substantially all of which, if recognized, would affect the Company's effective tax rate. During the three months ended September 30, 2013, there were no material changes in the total amount of the liability for gross unrecognized tax benefit. | |
The Company’s policy is to include interest and penalties related to unrecognized tax benefits within the provision for taxes on the condensed consolidated statements of operations. As of September 30, 2013, the Company had accrued $906,000 for the payment of interest and penalties relating to unrecognized tax benefits. | |
The Company is subject to U.S. federal income tax as well as income taxes in many state and foreign jurisdictions. The statutes of limitation in federal jurisdiction remain open in general for tax years 2010 through 2013. The state jurisdictions remain open in general for tax years 2008 through 2013. The Company is currently under examination of its California state tax returns for the fiscal years ended June 30, 2008 through June 30, 2010. The Company does not expect its unrecognized tax benefits to change materially over the next 12 months. The major foreign jurisdictions remain open for examination in general for tax years 2006 through 2013. |
Commitments_and_Contingencies
Commitments and Contingencies | 3 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
Commitments and Contingencies | |
Litigation and Claims — The Company is involved in various legal proceedings arising from the normal course of business activities. The Company defends itself vigorously against any such claims. In management’s opinion, the resolution of any matters will not have a material adverse effect on the Company’s condensed consolidated financial condition, results of operations or liquidity. | |
Purchase Commitments — The Company has agreements to purchase certain units of inventory and non-inventory items through fiscal year 2015. As of September 30, 2013, these remaining non-cancellable commitments were $245,255,000. | |
Included in the above non-cancellable commitments are hard disk drive purchase commitments totaling approximately $113,005,000, which will be paid through December 2014. The Company entered into purchase agreements with selected suppliers of hard disk drives in order to ensure continuity of supply for these components. The agreements provide for some variation in the amount of units the Company is required to purchase and the suppliers may modify the purchase price for these components due to significant changes in market or component supply conditions. Product mix for these components may be negotiated quarterly and the purchase price for these components will be reviewed quarterly with the suppliers. The Company has been negotiating the purchase price with the suppliers on an ongoing basis based upon market rates. |
Segment_Reporting
Segment Reporting | 3 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||
Segment Reporting | ' | |||||||||||||
Segment Reporting | ||||||||||||||
The Company operates in one operating segment that develops and provides high performance server solutions based upon an innovative, modular and open-standard architecture. The Company’s chief operating decision maker is the Chief Executive Officer. | ||||||||||||||
International net sales are based on the country and region to which the products were shipped. The following is a summary for the three months ended September 30, 2013 and 2012, of net sales by geographic region (in thousands): | ||||||||||||||
Three Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2013 | 2012 | |||||||||||||
Net sales: | ||||||||||||||
United States | $ | 175,214 | $ | 134,826 | ||||||||||
Europe | 71,185 | 63,449 | ||||||||||||
Asia | 54,972 | 64,684 | ||||||||||||
Other | 7,645 | 7,748 | ||||||||||||
$ | 309,016 | $ | 270,707 | |||||||||||
The following is a summary of long-lived assets, excluding financial instruments, deferred tax assets, other assets, goodwill and intangible assets (in thousands): | ||||||||||||||
September 30, | June 30, | |||||||||||||
2013 | 2013 | |||||||||||||
Long-lived assets: | ||||||||||||||
United States | $ | 61,686 | $ | 61,976 | ||||||||||
Asia | 34,670 | 33,500 | ||||||||||||
Europe | 411 | 436 | ||||||||||||
$ | 96,767 | $ | 95,912 | |||||||||||
The following is a summary of net sales by product type (in thousands): | ||||||||||||||
Three Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2013 | 2012 | |||||||||||||
Amount | Percent of | Amount | Percent of | |||||||||||
Net Sales | Net Sales | |||||||||||||
Server systems | $ | 143,283 | 46.4 | % | $ | 106,849 | 39.5 | % | ||||||
Subsystems and accessories | 165,733 | 53.6 | % | 163,858 | 60.5 | % | ||||||||
Total | $ | 309,016 | 100 | % | $ | 270,707 | 100 | % | ||||||
Subsystems and accessories are comprised of serverboards, chassis and accessories. Server systems constitute an assembly of subsystems and accessories done by the Company. No customer represented greater than 10% of the Company’s total net sales nor did net sales in any country other than the United States represent greater than 10% of the Company’s total net sales in the three months ended September 30, 2013 and 2012. No customer accounted for 10% or more of accounts receivable as of September 30, 2013. One customer accounted for 14.4% of the Company's accounts receivable as of June 30, 2013. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 3 Months Ended | |
Sep. 30, 2013 | ||
Accounting Policies [Abstract] | ' | |
Organization | ' | |
Organization | ||
Super Micro Computer, Inc. (“Super Micro Computer”) was incorporated in 1993. Super Micro Computer is a global leader in high-performance, high-efficiency server technology and green computing innovation. Super Micro Computer develops and provides high performance server solutions based upon an innovative, modular and open-standard architecture. Super Micro Computer has operations primarily in San Jose, California, the Netherlands, Taiwan and China. | ||
Basis of Presentation | ' | |
Basis of Presentation | ||
The condensed consolidated financial statements reflect the condensed consolidated balance sheets, results of operations, comprehensive income and cash flows of Super Micro Computer, Inc. and its wholly-owned subsidiaries (collectively, the “Company”). All intercompany accounts and transactions have been eliminated in consolidation. | ||
The unaudited condensed consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and include the accounts of the Company and its wholly-owned subsidiaries. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended June 30, 2013 included in its Annual Report on Form 10-K, as filed with the SEC (the “Annual Report”). | ||
The unaudited condensed consolidated financial statements included herein reflect all adjustments, including normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position, results of operations and cash flows for the periods presented. The condensed consolidated results of operations for the three months ended September 30, 2013 are not necessarily indicative of the results that may be expected for future quarters or for the fiscal year ending June 30, 2014. | ||
As of September 30, 2013, the Company contributed $168,000 and owned a 50% interest in Super Micro Business Park, Inc. ("Management Company") in Taiwan. The Management Company was established to manage the common areas shared by the Company and Ablecom for their separately constructed manufacturing facilities. The Company has concluded that the Management Company is a variable interest entity of the Company as the Company is the primary beneficiary of the Management Company. Therefore, the accounts of the Management Company have been consolidated with the accounts of the Company, and a noncontrolling interest has been recorded for Ablecom's interests in the net assets and operations of the Management Company. In the three months ended September 30, 2013 and 2012, $6,000 and $2,000, respectively, of net loss attributable to Ablecom's interest was included in the Company's general and administrative expenses in the condensed consolidated statements of operations. | ||
Fair Value of Financial Instruments | ' | |
Fair Value of Financial Instruments | ||
The Company accounts for certain assets and liabilities at fair value. Accounts receivable and accounts payable are carried at cost, which approximates fair value due to the short maturity of these instruments. Cash equivalents and long-term investments are carried at fair value. Short-term and long-term debt is carried at amortized cost, which approximates its fair value based on borrowing rates currently available to the Company for loans with similar terms. The hierarchy below lists three levels of fair value based on the extent to which inputs used in measuring fair value are observable in the market. The Company categorizes each of its fair value measurements in one of these three levels based on the lowest level input that is significant to the fair value measurement in its entirety. These levels are: | ||
• | Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; | |
• | Level 2 - Quoted prices in markets that are not active or financial instruments for which all significant inputs are observable, either directly or indirectly; and | |
• | Level 3 - Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. | |
Net Income Per Common Share | ' | |
Net Income Per Common Share | ||
The Company’s restricted share awards subject to repurchase and settled in shares of common stock upon vesting have the nonforfeitable right to receive dividends on an equal basis with common stock and therefore are considered participating securities that must be included in the calculation of net income per share using the two-class method. Under the two-class method, basic and diluted net income per common share is determined by calculating net income per share for common stock and participating securities based on participation rights in undistributed earnings. Diluted net income per common share also considers the dilutive effect of in-the-money stock options, calculated using the treasury stock method. Under the treasury stock method, the amount of assumed proceeds from unexercised stock options includes the amount of compensation cost attributable to future services not yet recognized, assumed proceeds from the exercise of the options, and the incremental income tax benefit or liability as if the options were exercised during the period. | ||
Adoption of New Accounting Pronouncements | ' | |
Adoption of New Accounting Pronouncements | ||
In February 2013, the Financial Accounting Standards Board ("FASB") issued authoritative guidance associated with reporting of amounts reclassified out of accumulated other comprehensive income, which requires companies to present significant reclassifications out of accumulated other comprehensive income in their entirety in the statement of operations or in a separate footnote to the financial statements. For amounts that are not required to be reclassified in their entirety to net income, the standard requires companies to cross-reference to related footnoted disclosures. The new disclosure requirements are effective on a prospective basis for financial statements issued for fiscal years, and interim periods within those years, beginning after December 15, 2012 and early adoption is permitted. The adoption of this guidance did not have a material impact on the Company's financial statement disclosures, results of operations or financial position. | ||
In July 2013, the FASB issued authoritative guidance associated with the presentation of unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. It requires a liability related to unrecognized tax benefit to offset a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward if a settlement is required or expected in the event the uncertain tax position is disallowed. The Company currently plans to adopt the new disclosure requirement on July 1, 2014. The Company does not believe the adoption of this guidance will have a material impact on its financial statement disclosures, results of operations or financial position. |
StockBased_Compensation_and_St1
Stock-Based Compensation and Stockholders' Equity (Tables) | 3 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | ' | |||||||||||||
The fair value of stock option grants for the three months ended September 30, 2013 and 2012 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions: | ||||||||||||||
Three Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2013 | 2012 | |||||||||||||
Risk-free interest rate | 1.54 | % | 0.65 | % | ||||||||||
Expected life | 5.49 years | 5.03 years | ||||||||||||
Dividend yield | — | % | — | % | ||||||||||
Volatility | 50.05 | % | 51.29 | % | ||||||||||
Weighted-average fair value | $ | 5.48 | $ | 5.55 | ||||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | ' | |||||||||||||
The following table shows total stock-based compensation expense included in the consolidated statements of operations for the three months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||
Three Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2013 | 2012 | |||||||||||||
Cost of sales | $ | 235 | $ | 240 | ||||||||||
Research and development | 1,561 | 1,630 | ||||||||||||
Sales and marketing | 314 | 404 | ||||||||||||
General and administrative | 479 | 629 | ||||||||||||
Stock-based compensation expense before taxes | 2,589 | 2,903 | ||||||||||||
Income tax impact | (288 | ) | (228 | ) | ||||||||||
Stock-based compensation expense, net | $ | 2,301 | $ | 2,675 | ||||||||||
Schedule of Share-based Compensation, Stock Options Activity | ' | |||||||||||||
The following table summarizes stock option activity during the three months ended September 30, 2013 under all stock option plans: | ||||||||||||||
Number of Shares | Weighted | Weighted | Aggregate | |||||||||||
Average | Average | Intrinsic | ||||||||||||
Exercise | Remaining | Value | ||||||||||||
Price per | Contractual | (in thousands) | ||||||||||||
Share | Term | |||||||||||||
(in Years) | ||||||||||||||
Outstanding at July 1, 2013 | 12,206,178 | $ | 10.83 | 6.23 | $ | 22,631 | ||||||||
Granted | 319,670 | 11.76 | ||||||||||||
Exercised | (277,159 | ) | 5.54 | |||||||||||
Forfeited or cancelled | (82,850 | ) | 13.76 | |||||||||||
Outstanding at September 30, 2013 | 12,165,839 | 10.96 | 6.15 | 42,277 | ||||||||||
Options vested and expected to vest at September 30, 2013 | 11,913,666 | 10.92 | 6.09 | 41,806 | ||||||||||
Options vested and exercisable at September 30, 2013 | 8,850,611 | $ | 9.93 | 5.21 | $ | 37,588 | ||||||||
Schedule of Share-based Compensation, Restricted Stock Award Activity | ' | |||||||||||||
The following table summarizes the Company’s restricted stock award activity for the three months ended September 30, 2013: | ||||||||||||||
Restricted Stock Awards | ||||||||||||||
Number | Weighted | |||||||||||||
of Shares | Average | |||||||||||||
Grant Date | ||||||||||||||
Fair Value | ||||||||||||||
Per Share | ||||||||||||||
Nonvested stock at July 1, 2013 | 179,641 | $ | 10.66 | |||||||||||
Granted | — | — | ||||||||||||
Vested | (179,641 | ) | 10.66 | |||||||||||
Forfeited | — | — | ||||||||||||
Nonvested stock at September 30, 2013 | — | $ | — | |||||||||||
Net_Income_per_Common_Share_Ta
Net Income per Common Share (Tables) | 3 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Earnings Per Share [Abstract] | ' | ||||||||
Computation of Basic and Diluted Net Income Per Common Share Using Two-class Method | ' | ||||||||
The computation of basic and diluted net income per common share using the two-class method is as follows (in thousands, except per share amounts): | |||||||||
Three Months Ended | |||||||||
September 30, | |||||||||
2013 | 2012 | ||||||||
Basic net income per common share calculation | |||||||||
Net income | $ | 7,699 | $ | 899 | |||||
Less: Undistributed earnings allocated to participating securities | (20 | ) | (6 | ) | |||||
Net income attributable to common shares—basic | $ | 7,679 | $ | 893 | |||||
Weighted-average number of common shares used to compute basic net income per common share | 42,496 | 41,667 | |||||||
Basic net income per common share | $ | 0.18 | $ | 0.02 | |||||
Diluted net income per common share calculation | |||||||||
Net income | $ | 7,699 | $ | 899 | |||||
Less: Undistributed earnings allocated to participating securities | (19 | ) | (6 | ) | |||||
Net income attributable to common shares—diluted | $ | 7,680 | $ | 893 | |||||
Weighted-average number of common shares used to compute basic net income per common share | 42,496 | 41,667 | |||||||
Dilutive effect of options to purchase common stock | 2,106 | 2,507 | |||||||
Weighted-average number of common shares used to compute diluted net income per common share | 44,602 | 44,174 | |||||||
Diluted net income per common share | $ | 0.17 | $ | 0.02 | |||||
Balance_Sheet_Components_Table
Balance Sheet Components (Tables) | 3 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Balance Sheet Related Disclosures [Abstract] | ' | |||||||
Inventory | ' | |||||||
Inventory: | ||||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Finished goods | $ | 184,098 | $ | 185,459 | ||||
Work in process | 16,689 | 10,440 | ||||||
Purchased parts and raw materials | 53,523 | 58,271 | ||||||
Total inventory | $ | 254,310 | $ | 254,170 | ||||
Property, Plant and Equipment | ' | |||||||
Property, Plant, and Equipment: | ||||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Land | $ | 41,774 | $ | 41,774 | ||||
Buildings | 43,979 | 43,979 | ||||||
Building and leasehold improvements | 7,502 | 7,483 | ||||||
Machinery and equipment | 29,007 | 26,941 | ||||||
Furniture and fixtures | 4,805 | 4,731 | ||||||
Purchased software | 5,432 | 5,380 | ||||||
132,499 | 130,288 | |||||||
Accumulated depreciation and amortization | (35,732 | ) | (34,376 | ) | ||||
Property, plant and equipment, net | $ | 96,767 | $ | 95,912 | ||||
Other Assets, Noncurrent | ' | |||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Prepaid royalty license | $ | 1,433 | $ | 1,496 | ||||
Restricted cash | 861 | 847 | ||||||
Investment in a privately held company | 750 | 750 | ||||||
Building and land deposit | 1,000 | — | ||||||
Others | 141 | 148 | ||||||
Total other assets | $ | 4,185 | $ | 3,241 | ||||
Accrued Liabilities | ' | |||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Accrued payroll and related expenses | $ | 8,873 | $ | 12,084 | ||||
Customer prepayments | 4,196 | 4,134 | ||||||
Accrued warranty costs | 6,600 | 6,472 | ||||||
Accrued cooperative marketing expenses | 3,967 | 4,016 | ||||||
Others | 8,014 | 7,416 | ||||||
Total accrued liabilities | $ | 31,650 | $ | 34,122 | ||||
Reconciliation of the Changes in Accrued Warranty Costs | ' | |||||||
Product Warranties: | ||||||||
Three Months Ended | ||||||||
September 30, | ||||||||
2013 | 2012 | |||||||
Balance, beginning of period | $ | 6,472 | $ | 5,522 | ||||
Provision for warranty | 3,434 | 3,108 | ||||||
Costs charged to accrual | (3,351 | ) | (2,904 | ) | ||||
Change in estimated liability for pre-existing warranties | 45 | 238 | ||||||
Balance, end of period | $ | 6,600 | $ | 5,964 | ||||
Fair_Value_Disclosure_Tables
Fair Value Disclosure (Tables) | 3 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||
Schedule of Fair Value, Cash Equivalents and Long-term Investments Measured on Recurring Basis | ' | |||||||||||||||
The following table sets forth the Company’s cash equivalents and long-term investments as of September 30, 2013 and June 30, 2013 which are measured at fair value on a recurring basis by level within the fair value hierarchy. These are classified based on the lowest level of input that is significant to the fair value measurement, (in thousands): | ||||||||||||||||
September 30, 2013 | Level 1 | Level 2 | Level 3 | Asset at | ||||||||||||
Fair Value | ||||||||||||||||
Money market funds | $ | 310 | $ | — | $ | — | $ | 310 | ||||||||
Auction rate securities | — | — | 2,637 | 2,637 | ||||||||||||
Total | $ | 310 | $ | — | $ | 2,637 | $ | 2,947 | ||||||||
June 30, 2013 | Level 1 | Level 2 | Level 3 | Asset at | ||||||||||||
Fair Value | ||||||||||||||||
Money market funds | $ | 310 | $ | — | $ | — | $ | 310 | ||||||||
Auction rate securities | — | — | 2,637 | 2,637 | ||||||||||||
Total | $ | 310 | $ | — | $ | 2,637 | $ | 2,947 | ||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | ' | |||||||||||||||
The following table provides a reconciliation of the Company’s financial assets measured at fair value on a recurring basis, consisting of long-term auction rate securities, using significant unobservable inputs (Level 3) for the three months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||
Three Months Ended | ||||||||||||||||
September 30, | ||||||||||||||||
2013 | 2012 | |||||||||||||||
Balance as of beginning of period | $ | 2,637 | $ | 2,923 | ||||||||||||
Total realized gains or (losses) included in net income | — | — | ||||||||||||||
Total unrealized gains or (losses) included in other comprehensive income | — | — | ||||||||||||||
Sales and settlements at par | — | — | ||||||||||||||
Transfers in and/or out of Level 3 | — | — | ||||||||||||||
Balance as of end of period | $ | 2,637 | $ | 2,923 | ||||||||||||
Schedule of Long-term Investments Reconciliation | ' | |||||||||||||||
The following is a summary of the Company’s long-term investments as of September 30, 2013 and June 30, 2013 (in thousands): | ||||||||||||||||
September 30, 2013 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost | Unrealized | Unrealized | ||||||||||||||
Holding | Holding | |||||||||||||||
Gains | Losses | |||||||||||||||
Auction rate securities | $ | 2,750 | $ | — | $ | (113 | ) | $ | 2,637 | |||||||
June 30, 2013 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost | Unrealized | Unrealized | ||||||||||||||
Holding | Holding | |||||||||||||||
Gains | Losses | |||||||||||||||
Auction rate securities | $ | 2,750 | $ | — | $ | (113 | ) | $ | 2,637 | |||||||
ShortTerm_and_LongTerm_Obligat1
Short-Term and Long-Term Obligations (Tables) | 3 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Schedule of Short-term and Long-term Obligations | ' | |||||||
Short-term and long-term obligations as of September 30, 2013 and June 30, 2013 consisted of the following (in thousands): | ||||||||
September 30, | June 30, | |||||||
2013 | 2013 | |||||||
Lines of credit: | ||||||||
Bank of America | $ | 10,899 | $ | 10,899 | ||||
Building term loans: | ||||||||
Bank of America | 8,633 | 9,333 | ||||||
CTBC Bank | 15,217 | 14,939 | ||||||
Total building term loans | 23,850 | 24,272 | ||||||
Total debt | 34,749 | 35,171 | ||||||
Current portion | (13,699 | ) | (28,638 | ) | ||||
Long-term portion | $ | 21,050 | $ | 6,533 | ||||
Segment_Reporting_Tables
Segment Reporting (Tables) | 3 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||
Summary of Net Sales by Geographic Region | ' | |||||||||||||
International net sales are based on the country and region to which the products were shipped. The following is a summary for the three months ended September 30, 2013 and 2012, of net sales by geographic region (in thousands): | ||||||||||||||
Three Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2013 | 2012 | |||||||||||||
Net sales: | ||||||||||||||
United States | $ | 175,214 | $ | 134,826 | ||||||||||
Europe | 71,185 | 63,449 | ||||||||||||
Asia | 54,972 | 64,684 | ||||||||||||
Other | 7,645 | 7,748 | ||||||||||||
$ | 309,016 | $ | 270,707 | |||||||||||
Summary of Long-Lived Assets | ' | |||||||||||||
The following is a summary of long-lived assets, excluding financial instruments, deferred tax assets, other assets, goodwill and intangible assets (in thousands): | ||||||||||||||
September 30, | June 30, | |||||||||||||
2013 | 2013 | |||||||||||||
Long-lived assets: | ||||||||||||||
United States | $ | 61,686 | $ | 61,976 | ||||||||||
Asia | 34,670 | 33,500 | ||||||||||||
Europe | 411 | 436 | ||||||||||||
$ | 96,767 | $ | 95,912 | |||||||||||
Summary of Net Sales by Product Type | ' | |||||||||||||
The following is a summary of net sales by product type (in thousands): | ||||||||||||||
Three Months Ended | ||||||||||||||
September 30, | ||||||||||||||
2013 | 2012 | |||||||||||||
Amount | Percent of | Amount | Percent of | |||||||||||
Net Sales | Net Sales | |||||||||||||
Server systems | $ | 143,283 | 46.4 | % | $ | 106,849 | 39.5 | % | ||||||
Subsystems and accessories | 165,733 | 53.6 | % | 163,858 | 60.5 | % | ||||||||
Total | $ | 309,016 | 100 | % | $ | 270,707 | 100 | % | ||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Consolidation (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | 31-May-12 |
Summary of Significant Accounting Policies [Abstract] | ' | ' | ' |
Contributions in variable interest entity | ' | ' | $168 |
Noncontrolling interest, ownership percentage by the Company | 50.00% | ' | 50.00% |
Net income (loss) attributable to noncontrolling interest | ($6) | ($2) | ' |
Equity_Incentive_Plan_Details
Equity Incentive Plan (Details) | 1 Months Ended | 3 Months Ended |
Jan. 31, 2011 | Sep. 30, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Authorized shares available for future issuance under all equity incentive plans | ' | 1,671,649 |
2006 Equity Incentive Plan [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Increased additional shares authorized for future issuance | 2,000,000 | ' |
Increase in number of shares of common stock reserved for issuance under the 2006 Plan | ' | 3.00% |
Minimum percentage of shares owned by employee for ISO | ' | 10.00% |
Stock options granted term | ' | '10 years |
Stock options / restricted stock awards, vesting period | ' | '4 years |
Stock options vesting rights | ' | '25% at the end of one year and one sixteenth per quarter thereafter |
Percentage of options vested at the end of one year | ' | 25.00% |
Percentage of options vested at the end of each quarter | ' | 6.25% |
Maximum [Member] | 2006 Equity Incentive Plan [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Percentage of fair market value | ' | 110.00% |
Minimum [Member] | 2006 Equity Incentive Plan [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Percentage of fair market value | ' | 100.00% |
Recovered_Sheet1
Stock-based Compensation and Stockholders' Equity - Restricted Stock Awards (Details) | 3 Months Ended | 1 Months Ended | 1 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2013 | Aug. 31, 2008 | Sep. 30, 2013 | Jun. 30, 2013 | Aug. 31, 2008 | |
Restricted Stock [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | ||
Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Employee Stock Option [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Exercise of stock options, shares | 277,159 | ' | ' | ' | ' | 925,000 |
Restricted stock awards granted, shares | ' | 0 | 898,205 | ' | ' | ' |
Restricted stock awards, vesting period | ' | ' | '5 years | ' | ' | ' |
Restricted stock awards vested, shares | ' | ' | ' | 898,205 | 718,564 | ' |
Stockbased_Compensation_Determ
Stock-based Compensation - Determining Fair Value (Details) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Risk free interest rate | 1.54% | 0.65% |
Expected life | '5 years 5 months 28 days | '5 years 0 months 11 days |
Dividend yield | 0.00% | 0.00% |
Volatility | 50.05% | 51.29% |
Weighted average fair value | $5.48 | $5.55 |
Stock-based compensation expense before taxes | $2,589 | $2,903 |
Income tax impact | -288 | -228 |
Stock-based compensation expense, net | 2,301 | 2,675 |
Excess tax benefits accounted in additional paid-in capital | 1,070 | 815 |
Excess tax benefit from financing activities | 882 | 784 |
Cost of Sales [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation expense before taxes | 235 | 240 |
Research and Development Expense [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation expense before taxes | 1,561 | 1,630 |
Sales and Marketing Expense [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation expense before taxes | 314 | 404 |
General and Administrative Expense [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock-based compensation expense before taxes | $479 | $629 |
Stock_Option_Activity_Summary_
Stock Option Activity - Summary of Stock Option Activity (Details Table) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' |
Number of shares, beginning | 12,206,178 | ' |
Number of shares, stock options granted | 319,670 | ' |
Number of shares, options exercised | -277,159 | ' |
Number of shares, options forfeited or cancelled | -82,850 | ' |
Number of shares, ending | 12,165,839 | 12,206,178 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' | ' |
Beginning balance, weighted average exercise price per share, options outstanding | $10.83 | ' |
Weighted average exercise price per share, options granted | $11.76 | ' |
Weighted average exercise price per share, options exercised | $5.54 | ' |
Weighted average exercise price per share, options forfeited or cancelled | $13.76 | ' |
Ending balance, weighted average exercise price per share, options outstanding | $10.96 | $10.83 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ' | ' |
Balance, weighted average remaining contractual term of options outstanding | '6 years 1 month 23 days | '6 years 2 months 24 days |
Balance, aggregate intrinsic value of options outstanding | $42,277 | $22,631 |
Number of shares options vested and expected to vest | 11,913,666 | ' |
Weighted average exercise price per share, options vested and expected to vest | $10.92 | ' |
Weighted average remaining contractual term, options vested and expected to vest | '6 years 1 month 1 day | ' |
Aggregate intrinsic value of options vested and expected to vest | 41,806 | ' |
Number of shares options vested and exercisable | 8,850,611 | ' |
Weighted average exercise price per share, options vested and exercisable | $9.93 | ' |
Weighted average remaining contractual term, options vested and exercisable | '5 years 2 months 17 days | ' |
Aggregate intrinsic value of options vested and exercisable | $37,588 | ' |
Stock_Option_and_Restricted_St
Stock Option and Restricted Stock Award Activity (Details Textual) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Total pretax intrinsic value of options exercised | $1,981 | $878 |
Unrecognized compensation cost related to non-vested stock-based awards | 17,985 | ' |
Unrecognized compensation cost related to non-vested stock based awards, period for recognition | '2 years 4 months 3 days | ' |
Payments related to tax withholding for share-based compensation | 651 | 1,022 |
Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Pretax intrinsic value of restricted stock awards vested | 2,337 | 2,190 |
Restricted stock awards vested, shares | 179,641 | 179,641 |
Shares withheld for taxes | 50,000 | 83,857 |
Officer [Member] | Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Payments related to tax withholding for share-based compensation | $651 | $1,022 |
Restricted_Stock_Award_Activit
Restricted Stock Award Activity (Details Table) (Restricted Stock [Member], USD $) | 3 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ' | ' |
Nonvested stock, beginning of period | 179,641 | ' |
Granted | 0 | ' |
Vested | -179,641 | -179,641 |
Forfeited | 0 | ' |
Nonvested stock, end of period | 0 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' |
Nonvested stock, beginning of period | $10.66 | ' |
Granted | $0 | ' |
Vested | $10.66 | ' |
Forfeited | $0 | ' |
Nonvested stock, end of period | $0 | ' |
Net_Income_per_Common_Share_De
Net Income per Common Share (Details) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Share [Abstract] | ' | ' |
Net income | $7,699 | $899 |
Less: Undistributed earnings allocated to participating securities | -20 | -6 |
Net income attributable to common shares - basic | 7,679 | 893 |
Weighted-average number of common shares used to compute basic net income per common share | 42,496 | 41,667 |
Basic net income per common share | $0.18 | $0.02 |
Earnings Per Share, Diluted [Abstract] | ' | ' |
Less: Undistributed earnings allocated to participating securities | -19 | -6 |
Net income attributable to common shares - diluted | $7,680 | $893 |
Dilutive effect of options to purchase common stock | 2,106 | 2,507 |
Weighted-average number of common shares used to compute diluted net income per common share | 44,602 | 44,174 |
Diluted net income per common share | $0.17 | $0.02 |
Anti-dilutive outstanding stock options, shares | 5,909 | 5,338 |
Balance_Sheet_Components_Inven
Balance Sheet Components - Inventory(Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 |
Balance Sheet Related Disclosures [Abstract] | ' | ' | ' |
Finished goods | $184,098 | ' | $185,459 |
Work in process | 16,689 | ' | 10,440 |
Purchased parts and raw materials | 53,523 | ' | 58,271 |
Total inventory | 254,310 | ' | 254,170 |
Provision for inventory | $4 | $2,910 | ' |
Balance_Sheet_Components_Prope
Balance Sheet Components - Property, Plant, and Equipment (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Oct. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Oct. 31, 2013 |
In Thousands, unless otherwise specified | Subsequent Event [Member] | Land [Member] | Land [Member] | Buildings [Member] | Buildings [Member] | Building and Leasehold Impovements [Member] | Building and Leasehold Impovements [Member] | Machinery and Equipment [Member] | Machinery and Equipment [Member] | Furniture and Fixtures [Member] | Furniture and Fixtures [Member] | Computer Software, Intangible Asset [Member] | Computer Software, Intangible Asset [Member] | Land and Building [Member] | ||
sqft | Subsequent Event [Member] | |||||||||||||||
acre | ||||||||||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment, gross | $132,499 | $130,288 | ' | $41,774 | $41,774 | $43,979 | $43,979 | $7,502 | $7,483 | $29,007 | $26,941 | $4,805 | $4,731 | $5,432 | $5,380 | ' |
Accumulated depreciation and amortization | -35,732 | -34,376 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment, net | 96,767 | 95,912 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments to acquire real property | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $30,091 |
Square feet of building | ' | ' | 324,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acre of land | ' | ' | 36 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance_Sheet_Components_Other
Balance Sheet Components - Other Assets (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Balance Sheet Related Disclosures [Abstract] | ' | ' |
Prepaid royalty license | $1,433 | $1,496 |
Restricted cash | 861 | 847 |
Investment in a privately held company | 750 | 750 |
Building and land deposit | 1,000 | 0 |
Others | 141 | 148 |
Total other assets | $4,185 | $3,241 |
Balance_Sheet_Components_Accru
Balance Sheet Components - Accrued Liabilities (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Accrued Liabilities [Abstract] | ' | ' |
Accrued payroll and related expenses | $8,873 | $12,084 |
Customer prepayments | 4,196 | 4,134 |
Accrued warranty costs | 6,600 | 6,472 |
Accrued cooperative marketing expenses | 3,967 | 4,016 |
Others | 8,014 | 7,416 |
Total accrued liabilities | $31,650 | $34,122 |
Balance_Sheet_Components_Produ
Balance Sheet Components - Product Warranties (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Movement in Standard Product Warranty Accrual [Roll Forward] | ' | ' |
Balance, beginning of period | $6,472 | $5,522 |
Provision for warranty | 3,434 | 3,108 |
Costs charged to accrual | -3,351 | -2,904 |
Change in estimated liability for pre-existing warranties | 45 | 238 |
Balance, end of period | $6,600 | $5,964 |
LongTerm_Investments_Details
Long-Term Investments (Details) (USD $) | 3 Months Ended | 3 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
Auction Rate Securities [Member] | Auction Rate Securities [Member] | Minimum [Member] | Maximum [Member] | ||
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' |
Auction-rate securities, net of unrealized losses | ' | $2,637 | $2,637 | ' | ' |
Auction rate security, gross unrealized holding loss | ' | 113 | 113 | ' | ' |
Fair value inputs, discount rate | 1.65% | ' | ' | ' | ' |
Fair value inputs, time period until redemption | '3 years | ' | ' | ' | ' |
Fair value inputs, estimated rate of return | 0.33% | ' | ' | ' | ' |
Fair value, change in investment portfolio | ' | ' | ' | 1.00% | 3.00% |
Fair value investment, increase or decrease in rate of return | 1.00% | ' | ' | ' | ' |
Fair value investment, increase or decrease in term | '1 year | ' | ' | ' | ' |
Accumulated unrealized income (loss), auction rate security, net of tax | ' | ($68) | ($68) | ' | ' |
Fair_Value_Disclosure_Schedule
Fair Value Disclosure - Schedule of Fair Value, Cash Equivalents and Long-term Investment Measured on Recurring Basis (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets, fair value | $310 | $310 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets, fair value | 0 | 0 |
Debt, fair value | 34,749 | 35,171 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets, fair value | 2,637 | 2,637 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Total assets, fair value | 2,947 | 2,947 |
Cash [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents, fair value | 110,909 | 92,495 |
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents, fair value | 310 | 310 |
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents, fair value | 0 | 0 |
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents, fair value | 0 | 0 |
Money Market Funds [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash and cash equivalents, fair value | 310 | 310 |
Auction Rate Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Auction rate securities, fair value | 2,637 | 2,637 |
Auction Rate Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Auction rate securities, fair value | 0 | 0 |
Auction Rate Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Auction rate securities, fair value | 0 | 0 |
Auction Rate Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Auction rate securities, fair value | 2,637 | 2,637 |
Auction Rate Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Auction rate securities, fair value | 2,637 | 2,637 |
Certificates of Deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Certificates of deposit, fair value | $1,159 | $1,139 |
Fair_Value_Disclosure_Assets_M
Fair Value Disclosure - Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) (Fair Value, Inputs, Level 3 [Member], Fair Value, Measurements, Recurring [Member], USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' |
Balance, beginning of the period | $2,637 | $2,923 |
Total realized gains or (losses) included in net income | 0 | 0 |
Total unrealized gains or (losses) included in other comprehensive income | 0 | 0 |
Sales and settlements at par | 0 | 0 |
Transfer in and/or out of Level 3 | 0 | 0 |
Balance, ending of the period | $2,637 | $2,923 |
Fair_Value_Disclosure_Longterm
Fair Value Disclosure - Long-term Investment (Details) (Auction Rate Securities [Member], USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Auction Rate Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Auction rate securities, amortized cost | $2,750 | $2,750 |
Auction rate security, gross unrealized holding gain | 0 | 0 |
Auction rate security, gross unrealized holding loss | -113 | -113 |
Auction rate securities, fair value | $2,637 | $2,637 |
Recovered_Sheet2
Short-Term and Long-term Obligations (Details Table) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total debt | $34,749 | $35,171 |
Current portion | -13,699 | -28,638 |
Long-term portion | 21,050 | 6,533 |
Building Term Loan [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt | 23,850 | 24,272 |
Bank of America [Member] | Revolving Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt | 10,899 | 10,899 |
Bank of America [Member] | Building Term Loan [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt | 8,633 | 9,333 |
CTBC Bank [Member] | Building Term Loan [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total debt | $15,217 | $14,939 |
ShortTerm_and_LongTerm_Obligat2
Short-Term and Long-Term Obligations (Details Textual) | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Oct. 31, 2011 | Oct. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2010 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Oct. 30, 2011 | Oct. 30, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Jul. 31, 2012 | Jul. 31, 2012 |
USD ($) | USD ($) | Building Term Loan [Member] | Building Term Loan [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | CTBC Bank [Member] | CTBC Bank [Member] | CTBC Bank [Member] | CTBC Bank [Member] | CTBC Bank [Member] | CTBC Bank [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | Building Term Loan [Member] | Building Term Loan [Member] | Building Term Loan [Member] | Building Term Loan [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | USD ($) | TWD | Building Term Loan [Member] | Building Term Loan [Member] | Building Term Loan [Member] | Building Term Loan [Member] | |||
USD ($) | USD ($) | USD ($) | Building | USD ($) | USD ($) | Revolving Credit Facility [Member] | Building Term Loan [Member] | Revolving Credit Facility [Member] | USD ($) | USD ($) | USD ($) | TWD | ||||||||||||||
Consecutive_Quarters | USD ($) | |||||||||||||||||||||||||
Short-term and long-term obligations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | ' | ' | ' | ' | ' | $40,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $9,898,000 | 300,000,000 | ' | ' | ' | ' |
Term loan, face amount | ' | ' | ' | ' | ' | ' | 14,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,912,000 | 450,000,000 |
Term loan, term | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.50% | 1.25% | ' | ' | 0.30% | ' | ' | ' |
Number of buildings purchased in San Jose | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, total outstanding balance | 34,749,000 | 35,171,000 | 23,850,000 | 24,272,000 | ' | ' | ' | 8,633,000 | 9,333,000 | ' | 10,899,000 | 10,899,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,217,000 | 14,939,000 | ' | ' |
Interest rate, period end | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.68% | 1.69% | 1.22% | 1.23% | ' | 0.18% | ' | ' | ' | ' | 1.22% | 1.20% | ' | ' |
Line of credit facility, unused amount | ' | ' | ' | ' | 29,101,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Not to incur on a consolidated basis, a net loss before taxes and extraordinary items in any two consecutive quarterly accounting periods | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
The Company's funded debt to EBITDA ratio (ratio of all outstanding liabilities for borrowed money and other interest-bearing liabilities, including current and long-term debt, less the non-current portion of subordinated liabilities to EBITDA), shall not be greater than | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
The Company's unencumbered liquid assets, as defined in the agreement, held in the United States shall have an aggregate market value, of not less than | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets collateralizing line of credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 590,450,000 | 586,742,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets collateralizing term loan | ' | ' | ' | ' | ' | ' | ' | $17,756,000 | $17,813,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $27,593,000 | $27,702,000 | ' | ' |
ShortTerm_and_LongTerm_Obligat3
Short-Term and Long-Term Obligations - Subsequent Event (Details) (CTBC Bank [Member]) | Oct. 30, 2011 | Oct. 30, 2011 | Sep. 30, 2013 | Nov. 05, 2013 | Nov. 05, 2013 | Nov. 05, 2013 | Nov. 05, 2013 | Nov. 05, 2013 | Nov. 05, 2013 | Nov. 05, 2013 | Nov. 05, 2013 |
USD ($) | TWD | Building Term Loan [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |
USD ($) | TWD | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Building Term Loan [Member] | Building Term Loan [Member] | Unsecured Term Loan [Member] | Unsecured Term Loan [Member] | ||||
USD ($) | TWD | USD ($) | TWD | USD ($) | TWD | ||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit facility, term | ' | ' | ' | ' | ' | '13 months | '13 months | '13 months | '13 months | '13 months | '13 months |
Credit facility, basis spread on variable rate | ' | ' | 0.30% | ' | ' | 0.30% | 0.30% | 0.25% | 0.25% | 0.25% | 0.25% |
Maximum line of credit facility, percent of eligible accounts receivable for borrowings | ' | ' | ' | ' | ' | 80.00% | 80.00% | ' | ' | ' | ' |
Credit facility, maximum borrowing capacity | $9,898,000 | 300,000,000 | ' | $33,981,000 | 1,000,000,000 | $16,991,000 | 500,000,000 | $23,787,000 | 700,000,000 | $3,398,000 | 100,000,000 |
Credit facility, unused amount | ' | ' | ' | $18,690,000 | 550,000,000 | ' | ' | ' | ' | ' | ' |
RelatedParty_and_Other_Transac1
Related-Party and Other Transactions (Details) (USD $) | 3 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | 31-May-12 |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Purchases from Ablecom | $45,317 | $49,257 | ' | ' |
Net sales from Ablecom | 3,528 | 2,893 | ' | ' |
Amounts owed to the Company by Ablecom | 1,077 | ' | 974 | ' |
Amounts owed to Ablecom by the Company | 42,500 | ' | 50,448 | ' |
Contributions in Supermicro Business Park, Inc. | ' | ' | ' | 168 |
Noncontrolling interest, ownership percentage by the Company | 50.00% | ' | ' | 50.00% |
Net income (loss) attributable to Ablecom's interest | -6 | -2 | ' | ' |
Super Micro [Member] | Immediate Family Member of Management or Principal Owner [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Ownership percentage of Company own by Steve Liang | 1.00% | ' | ' | ' |
Ablecom [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Tooling assets and miscellaneous costs paid to Ablecom | 2,276 | 1,384 | ' | ' |
Outstanding purchase order with Ablecom | $58,968 | ' | $53,684 | ' |
Ablecom [Member] | Immediate Family Member of Management or Principal Owner [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Ownership percentage of Ablecom own by Charles Liang and his wife | 10.50% | ' | ' | ' |
Ablecom [Member] | CEO's Other Family Members [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Ownership percentage of Ablecom own by Steve Liang and other family members | 35.90% | ' | ' | ' |
Minimum [Member] | Ablecom [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Majority of invoiced paid to Ablecom, minimum days | '51 days | ' | ' | ' |
Maximum [Member] | Ablecom [Member] | ' | ' | ' | ' |
Related Party Transaction [Line Items] | ' | ' | ' | ' |
Ablecom ownership percentage in Compuware is lower than | 50.00% | ' | ' | ' |
Majority of invoiced paid to Ablecom, maximum days | '86 days | ' | ' | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Provisions for income taxes | $4,166 | $643 |
Effective tax rate | 35.10% | 41.70% |
Unrecognized tax benefits, gross | 8,522 | ' |
Unrecognized tax benefits, income tax penalties and interest accrued | $906 | ' |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | Sep. 30, 2013 |
In Thousands, unless otherwise specified | |
Loss Contingencies [Line Items] | ' |
Purchase commitment | $245,255 |
Hard Disk Drive [Member] | ' |
Loss Contingencies [Line Items] | ' |
Purchase commitment | $113,005 |
Revenue_from_Segments_Details
Revenue from Segments (Details) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | $309,016 | $270,707 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 175,214 | 134,826 |
Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 71,185 | 63,449 |
Asia [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | 54,972 | 64,684 |
Other region [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Net sales | $7,645 | $7,748 |
Segment_Reporting_of_LongLived
Segment Reporting of Long-Lived Assets (Details) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ' | ' |
Long-lived assets: | $96,767 | $95,912 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Long-lived assets: | 61,686 | 61,976 |
Asia [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Long-lived assets: | 34,670 | 33,500 |
Europe [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Long-lived assets: | $411 | $436 |
Revenue_by_Product_Type_Detail
Revenue by Product Type (Details) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 |
Customer | Customer | ||
Segment Reporting Information [Line Items] | ' | ' | ' |
Number of customers accounted for 10% or more of accounts receivable | 0 | 1 | ' |
Net sales | $309,016 | ' | $270,707 |
Server systems [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Net sales | 143,283 | ' | 106,849 |
Subsystems and accessories [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Net sales | $165,733 | ' | $163,858 |
Sales [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Percent of accounts receivable | 100.00% | ' | 100.00% |
Sales [Member] | Server systems [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Percent of accounts receivable | 46.40% | ' | 39.50% |
Sales [Member] | Subsystems and accessories [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Percent of accounts receivable | 53.60% | ' | 60.50% |
Customer Concentration Risk [Member] | One Customer [Member] | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' |
Percent of accounts receivable | ' | 14.40% | ' |