Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Mar. 31, 2015 | Apr. 28, 2015 | |
Document And Entity Information [Abstract] | ||
Entity Registrant Name | Super Micro Computer, Inc. | |
Entity Central Index Key | 1375365 | |
Current Fiscal Year End Date | -24 | |
Entity Filer Category | Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | FALSE | |
Entity Common Stock, Shares Outstanding | 47,265,389 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
Cash and cash equivalents | $109,245 | $96,872 |
Accounts receivable, net of allowances of $1,495 and $1,922 at March 31, 2015 and June 30, 2014, respectively (including amounts receivable from a related party of $4,602 and $621 at March 31, 2015 and June 30, 2014, respectively) | 221,561 | 212,738 |
Inventory | 430,382 | 315,837 |
Deferred income taxes-current | 21,296 | 16,842 |
Prepaid income taxes | 7,291 | 5,555 |
Prepaid expenses and other current assets | 5,477 | 6,237 |
Total current assets | 795,252 | 654,081 |
Long-term investments | 2,647 | 2,647 |
Property, plant and equipment, net | 153,332 | 130,589 |
Deferred income taxes-noncurrent | 5,887 | 6,154 |
Other assets | 3,843 | 2,854 |
Total assets | 960,961 | 796,325 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Accounts payable (including amounts due to a related party of $51,922 and $48,969 at March 31, 2015 and June 30, 2014, respectively) | 261,603 | 219,354 |
Accrued liabilities | 44,391 | 37,564 |
Income taxes payable | 8,337 | 11,414 |
Short-term debt and current portion of long-term debt | 44,836 | 42,554 |
Total current liabilities | 359,167 | 310,886 |
Long-term debt-net of current portion | 1,633 | 3,733 |
Other long-term liabilities | 14,408 | 12,475 |
Total liabilities | 375,208 | 327,094 |
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: 47,682,302 and 45,739,936 at March 31, 2015 and and June 30, 2014, respectively | 240,436 | 199,062 |
Treasury stock (at cost), 445,028 shares at March 31, 2015 and June 30, 2014 | -2,030 | -2,030 |
Accumulated other comprehensive loss | -74 | -63 |
Retained earnings | 347,248 | 272,087 |
Total Super Micro Computer, Inc. stockholders’ equity | 585,580 | 469,056 |
Noncontrolling interest | 173 | 175 |
Total stockholders’ equity | 585,753 | 469,231 |
Total liabilities and stockholders' equity | $960,961 | $796,325 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
In Thousands, except Share data, unless otherwise specified | ||
Current Assets: | ||
Accounts receivable, allowances | $1,495 | $1,922 |
Accounts receivable, related party | 4,602 | 621 |
Current Liabilities: | ||
Accounts payable, related party | $51,922 | $48,969 |
Stockholders' Equity | ||
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 47,682,302 | 45,739,936 |
Treasury stock, shares | 445,028 | 445,028 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements Of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Income Statement [Abstract] | ||||
Net sales (including related party sales of $6,067 and $3,418 in the three months ended March 31, 2015 and 2014, respectively, and $43,524 and $10,805 in the nine months ended March 31, 2015 and 2014, respectively) | $471,225 | $373,755 | $1,417,561 | $1,039,133 |
Cost of sales (including related party purchases of $58,002 and $45,398 in the three months ended March 31, 2015 and 2014, respectively, and $169,918 and $145,139 in the nine months ended March 31, 2015 and 2014, respectively) | 394,405 | 316,491 | 1,187,096 | 879,985 |
Gross profit | 76,820 | 57,264 | 230,465 | 159,148 |
Operating expenses: | ||||
Research and development | 25,542 | 20,570 | 72,516 | 61,234 |
Sales and marketing | 12,496 | 9,416 | 34,656 | 27,257 |
General and administrative | 7,334 | 5,806 | 17,334 | 16,938 |
Total operating expenses | 45,372 | 35,792 | 124,506 | 105,429 |
Income from operations | 31,448 | 21,472 | 105,959 | 53,719 |
Interest and other income, net | 21 | 10 | 92 | 73 |
Interest expense | -277 | -156 | -656 | -535 |
Income before income tax provision | 31,192 | 21,326 | 105,395 | 53,257 |
Income tax provision | 8,136 | 4,752 | 30,234 | 15,649 |
Net income | $23,056 | $16,574 | $75,161 | $37,608 |
Net income per common share: | ||||
Basic (in dollars per share) | $0.49 | $0.38 | $1.63 | $0.87 |
Diluted (in dollars per share) | $0.44 | $0.35 | $1.47 | $0.82 |
Weighted-average shares used in calculation of net income per common share: | ||||
Basic (in shares) | 46,824 | 43,992 | 46,138 | 43,128 |
Diluted (in shares) | 52,008 | 47,424 | 51,102 | 45,857 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements Of Operations (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Income Statement [Abstract] | ||||
Net sales, related party sales | $6,067 | $3,418 | $43,524 | $10,805 |
Cost of sales, related party purchases | $58,002 | $45,398 | $169,918 | $145,139 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $23,056 | $16,574 | $75,161 | $37,608 |
Other comprehensive income, net of tax: | ||||
Foreign currency translation gain (loss) | 5 | -4 | -11 | -5 |
Unrealized gain (loss) on investments | 0 | 0 | 0 | 0 |
Total other comprehensive income | 5 | -4 | -11 | -5 |
Comprehensive income | $23,061 | $16,570 | $75,150 | $37,603 |
Condensed_Consolidated_Stateme3
Condensed Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
OPERATING ACTIVITIES: | ||
Net income | $75,161 | $37,608 |
Reconciliation of net income to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 5,930 | 4,590 |
Stock-based compensation expense | 9,727 | 8,183 |
Excess tax benefits from stock-based compensation | -7,229 | -2,719 |
Allowance for doubtful accounts | 194 | 1,384 |
Provision for inventory | 4,462 | 2,427 |
Exchange gain | -595 | -334 |
Deferred income taxes | -4,197 | -3,847 |
Changes in operating assets and liabilities: | ||
Accounts receivable, net (including changes in related party balances of $(3,981) and $505 during the nine months ended March 31, 2015 and 2014, respectively) | -9,017 | -34,072 |
Inventory | -119,007 | -43,346 |
Prepaid expenses and other assets | 675 | 1,417 |
Accounts payable (including changes in related party balances of $2,953 and $(8,250) during the nine months ended March 31, 2015 and 2014, respectively) | 38,712 | 32,492 |
Income taxes payable, net | 5,814 | 9,879 |
Accrued liabilities | 6,748 | -1,767 |
Other long-term liabilities | 1,686 | 579 |
Net cash provided by operating activities | 9,064 | 12,474 |
INVESTING ACTIVITIES: | ||
Restricted cash | -418 | 401 |
Investment in a privately held company | -661 | 0 |
Purchases of property, plant and equipment | -24,637 | -36,779 |
Net cash used in investing activities | -25,716 | -36,378 |
FINANCING ACTIVITIES: | ||
Proceeds from exercise of stock options | 21,071 | 19,154 |
Minimum tax withholding paid on behalf of an officer for restricted stock awards | 0 | -651 |
Excess tax benefits from stock-based compensation | 7,229 | 2,719 |
Proceeds from debt | 36,400 | 17,354 |
Repayment of debt | -35,300 | -5,620 |
Payment of obligations under capital leases | -96 | -26 |
Advances (payments) under receivable financing arrangements | 669 | -8 |
Net cash provided by financing activities | 29,973 | 32,922 |
Effect of exchange rate fluctuations on cash | -948 | -342 |
Net decrease in cash and cash equivalents | 12,373 | 8,676 |
Cash and cash equivalents at beginning of period | 96,872 | 93,038 |
Cash and cash equivalents at end of period | 109,245 | 101,714 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | 649 | 533 |
Cash paid for taxes, net of refunds | 27,455 | 8,940 |
Non-cash investing and financing activities: | ||
Equipment purchased under capital leases | 428 | 175 |
Accrued costs for property, plant and equipment purchases | $12,511 | $2,055 |
Condensed_Consolidated_Stateme4
Condensed Consolidated Statements Of Cash Flows (Parenthetical) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Net cash provided by (used in) operating activities | ||
Accounts receivable, changes in related party balances | ($3,981) | $505 |
Accounts payable, changes in related party balances | $2,953 | ($8,250) |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended | |
Mar. 31, 2015 | ||
Organization, Consolidation and Presentation of Financial Statements [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 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, China and Japan. | ||
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, 2014 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 and nine months ended March 31, 2015 are not necessarily indicative of the results that may be expected for future quarters or for the fiscal year ending June 30, 2015. | ||
The Company consolidates its investment in Super Micro Asia Science and Technology Park, Inc. as it is variable interest entity and the Company is the primary beneficiary. The noncontrolling interest is presented as a separate component from the Company's equity in the equity section of the condensed consolidated balance sheets. Net income attributable to the noncontrolling interest is not presented separately in the condensed consolidated statements of operations and is included in the general and administrative expenses as the amount is not material for any of the fiscal periods presented. | ||
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 is calculated by adjusting outstanding shares, assuming any dilutive effects of stock incentive awards calculated using the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock results in a greater dilutive effect from outstanding stock options and restricted stock units. Additionally, the exercise of employee stock options and the vesting of restricted stock units results in a further dilutive effect on net income per share. | ||
Adoption of New Accounting Pronouncements | ||
In March 2013, the FASB issued authoritative guidance associated with a parent company’s accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. The standard applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity. The adoption of this guidance did not have a material impact on the Company's results of operations or financial position. | ||
In July 2013, the FASB issued authoritative guidance associated with the presentation of an 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 an 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 adoption of this guidance did not have a material impact on the Company's results of operations or financial position. | ||
In May 2014, the FASB issued new accounting guidance related to revenue recognition. This new standard replaces all current U.S. GAAP guidance on revenue, eliminates all industry-specific guidance and provides a unified model in determining when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance can be applied either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The new standard is effective for the Company on July 1, 2018. The Company is currently evaluating the effect the guidance will have on the Company's financial statement disclosures, results of operations and financial position. | ||
In April 2015, the FASB issued new accounting guidance related to presentation of debt issue costs. The new standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The new standard is effective for the Company on July 1, 2016. The Company is currently evaluating the effect the guidance will have on the Company's financial statement disclosures, results of operations and financial position. |
StockBased_Compensation_And_St
Stock-Based Compensation And Stockholders' Equity | 9 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||
Stock-Based Compensation and Stockholders' Equity | Stock-based Compensation and Stockholders’ Equity | |||||||||||||||
Equity Incentive Plan | ||||||||||||||||
The authorized number of shares that may be issued under the Company's 2006 Equity Incentive Plan (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 and restricted stock units vest over four years; 25% at the end of one year and one sixteenth per quarter thereafter. The 2006 Plan is the successor equity incentive plan to the Company's 1998 Stock Option Plan. As of March 31, 2015, the Company had 626,715 authorized shares available for future issuance under the 2006 Plan. | ||||||||||||||||
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. The fair value of restricted stock units is based on the closing market price of the Company's common stock on the date of grant. 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 and restricted stock units 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 Company's implied and 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 and nine months ended March 31, 2015 and 2014 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Risk-free interest rate | 1.35% - 1.58% | 1.69% - 1.81% | 1.35% - 1.76% | 1.53% - 1.81% | ||||||||||||
Expected life | 5.40 years | 5.58 years | 5.40 - 5.44 years | 5.49 - 5.58 years | ||||||||||||
Dividend yield | — | % | — | % | — | % | — | % | ||||||||
Volatility | 47.60% - 48.26% | 43.48% - 44.66% | 46.93% - 49.31% | 43.48% - 50.07% | ||||||||||||
Weighted-average fair value | $ | 15.92 | $ | 7.7 | $ | 12.59 | $ | 6.67 | ||||||||
The following table shows total stock-based compensation expense included in the condensed consolidated statements of operations for the three and nine months ended March 31, 2015 and 2014 (in thousands): | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Cost of sales | $ | 222 | $ | 246 | $ | 651 | $ | 726 | ||||||||
Research and development | 2,255 | 1,723 | 6,148 | 4,993 | ||||||||||||
Sales and marketing | 369 | 306 | 1,148 | 925 | ||||||||||||
General and administrative | 720 | 531 | 1,780 | 1,539 | ||||||||||||
Stock-based compensation expense before taxes | 3,566 | 2,806 | 9,727 | 8,183 | ||||||||||||
Income tax impact | (1,355 | ) | (1,477 | ) | (2,747 | ) | (2,146 | ) | ||||||||
Stock-based compensation expense, net | $ | 2,211 | $ | 1,329 | $ | 6,980 | $ | 6,037 | ||||||||
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 $10,576,000 and $4,533,000 of excess tax benefits recorded in additional paid-in capital in the nine months ended March 31, 2015 and 2014, respectively. The Company had excess tax benefits that are classified as cash from financing activities of $7,229,000 and $2,719,000 in the nine months ended March 31, 2015 and 2014, respectively, for options issued since July 1, 2006. | ||||||||||||||||
As of March 31, 2015, 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 $28,958,000, which will be recognized over a remaining weighted-average vesting period of approximately 2.39 years. | ||||||||||||||||
Stock Option Activity | ||||||||||||||||
The following table summarizes stock option activity during the nine months ended March 31, 2015 under all stock option plans: | ||||||||||||||||
Options | Weighted | Weighted | Aggregate | |||||||||||||
Outstanding | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price per | Contractual | (in thousands) | ||||||||||||||
Share | Term | |||||||||||||||
(in Years) | ||||||||||||||||
Balance as of June 30, 2014 (7,558,631 shares exercisable at weighted average exercise price of $11.05 per share) | 10,905,602 | $ | 12.24 | |||||||||||||
Granted | 1,058,760 | $ | 27.99 | |||||||||||||
Exercised | (1,942,366 | ) | $ | 10.85 | ||||||||||||
Forfeited | (153,960 | ) | $ | 18.94 | ||||||||||||
Balance as of March 31, 2015 | 9,868,036 | $ | 14.1 | 6.13 | $ | 189,102 | ||||||||||
Options vested and expected to vest at March 31, 2015 | 9,658,434 | $ | 13.91 | 6.07 | $ | 186,852 | ||||||||||
Options vested and exercisable at March 31, 2015 | 6,988,101 | $ | 11.97 | 5.11 | $ | 148,459 | ||||||||||
The total pretax intrinsic value of options exercised was $22,231,000 and $44,301,000 during the three and nine months ended March 31, 2015, respectively, and $14,746,000 and $19,961,000 for the three and nine months ended March 31, 2014, respectively. | ||||||||||||||||
Restricted Stock Unit Activity | ||||||||||||||||
In January 2015, the Company began to grant restricted stock units to employees. The Company grants restricted stock units to certain employees as part of its regular employee equity compensation review program as well as to selected new hires. Restricted stock units are share awards that entitle the holder to receive freely tradable shares of the Company's common stock upon vesting and settlement. | ||||||||||||||||
The following table summarizes restricted stock unit activity during the nine months ended March 31, 2015 under the 2006 Plan: | ||||||||||||||||
Restricted Stock Units | Weighted | Aggregate | ||||||||||||||
Outstanding | Average | Intrinsic | ||||||||||||||
Grant-Date Fair Value per Share | Value | |||||||||||||||
(in thousands) | ||||||||||||||||
Balance as of June 30, 2014 | — | $ | — | |||||||||||||
Granted | 233,930 | $ | 35.07 | |||||||||||||
Vested | — | $ | — | |||||||||||||
Forfeited | (51,050 | ) | $ | 35.07 | ||||||||||||
Balance as of March 31, 2015 | 182,880 | $ | 35.07 | $ | 6,073 | |||||||||||
Restricted Stock Award Activity | ||||||||||||||||
The Company had no restricted stock award activity for the three and nine months ended March 31, 2015 and the three months ended March 31, 2014. The total pretax intrinsic value of restricted stock awards vested was $2,337,000 for the nine months ended March 31, 2014. In the nine months ended March 31, 2014, upon vesting, 179,641 shares of restricted stock awards were partially net share-settled such that the Company withheld 50,000 shares 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 their 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 in the nine months ended March 31, 2014 and are reflected as a financing activity within the 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. There are no unvested restricted stock awards at March 31, 2015. |
Net_Income_Per_Common_Share
Net Income Per Common Share | 9 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Earnings Per Share [Abstract] | ||||||||||||||||
Net Income Per Common Share | Net Income Per Common Share | |||||||||||||||
The computation of basic and diluted using the two-class method is as follows (in thousands, except per share amounts): | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Basic net income per common share calculation | ||||||||||||||||
Net income | $ | 23,056 | $ | 16,574 | $ | 75,161 | $ | 37,608 | ||||||||
Less: Undistributed earnings allocated to participating securities | — | (1 | ) | — | (34 | ) | ||||||||||
Net income attributable to common shares—basic | $ | 23,056 | $ | 16,573 | $ | 75,161 | $ | 37,574 | ||||||||
Weighted-average number of common shares used to compute basic net income per common share | 46,824 | 43,992 | 46,138 | 43,128 | ||||||||||||
Basic net income per common share | $ | 0.49 | $ | 0.38 | $ | 1.63 | $ | 0.87 | ||||||||
Diluted net income per common share calculation | ||||||||||||||||
Net income | $ | 23,056 | $ | 16,574 | $ | 75,161 | $ | 37,608 | ||||||||
Less: Undistributed earnings allocated to participating securities | — | (1 | ) | — | (32 | ) | ||||||||||
Net income attributable to common shares—diluted | $ | 23,056 | $ | 16,573 | $ | 75,161 | $ | 37,576 | ||||||||
Weighted-average number of common shares used to compute basic net income per common share | 46,824 | 43,992 | 46,138 | 43,128 | ||||||||||||
Dilutive effect of options to purchase common stock | 5,184 | 3,432 | 4,964 | 2,729 | ||||||||||||
Weighted-average number of common shares used to compute diluted net income per common share | 52,008 | 47,424 | 51,102 | 45,857 | ||||||||||||
Diluted net income per common share | $ | 0.44 | $ | 0.35 | $ | 1.47 | $ | 0.82 | ||||||||
For the three and nine months ended March 31, 2015 and 2014, the Company had stock options and restricted stock units 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 anti-dilutive common share equivalents resulting from outstanding equity awards were 175,000 and 627,000 for the three and nine months ended March 31, 2015, respectively, and 2,142,000 and 3,892,000 for the three and nine months ended March 31, 2014, respectively. |
Balance_Sheet_Components
Balance Sheet Components | 9 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Balance Sheet Related Disclosures [Abstract] | ||||||||||||||||
Balance Sheet Components | Balance Sheet Components | |||||||||||||||
The following tables provide details of the selected balance sheet items (in thousands): | ||||||||||||||||
Inventory: | ||||||||||||||||
March 31, | June 30, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Finished goods | $ | 320,213 | $ | 246,803 | ||||||||||||
Work in process | 38,093 | 18,794 | ||||||||||||||
Purchased parts and raw materials | 72,076 | 50,240 | ||||||||||||||
Total inventory | $ | 430,382 | $ | 315,837 | ||||||||||||
The Company recorded a provision for lower of cost or market and excess and obsolete inventory totaling $287,000 and $4,462,000 in the three and nine months ended March 31, 2015, respectively, and $889,000 and $2,427,000 in the three and nine months ended March 31, 2014, respectively. | ||||||||||||||||
Property, Plant, and Equipment: | ||||||||||||||||
March 31, | June 30, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Land | $ | 63,962 | $ | 63,962 | ||||||||||||
Buildings | 51,959 | 51,959 | ||||||||||||||
Building and leasehold improvements | 8,281 | 7,683 | ||||||||||||||
Buildings construction in progress (1) | 17,247 | 587 | ||||||||||||||
Machinery and equipment | 39,736 | 34,342 | ||||||||||||||
Furniture and fixtures | 7,029 | 5,892 | ||||||||||||||
Purchased software | 3,811 | 3,606 | ||||||||||||||
Purchased software construction in progress (2) | 7,024 | 2,548 | ||||||||||||||
199,049 | 170,579 | |||||||||||||||
Accumulated depreciation and amortization | (45,717 | ) | (39,990 | ) | ||||||||||||
Property, plant and equipment, net | $ | 153,332 | $ | 130,589 | ||||||||||||
(1) In connection with the purchase of the property located in San Jose, California, the Company engaged several contractors for the development and construction of improvements on the property, which is still in progress. | ||||||||||||||||
(2) The Company continues its implementation of a new enterprise resource planning, or ERP, system and has capitalized the costs of the new ERP software and certain expenses associated directly with the development of the ERP system, which is still in progress. | ||||||||||||||||
Other Assets: | ||||||||||||||||
March 31, | June 30, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Prepaid royalty license | $ | 1,059 | $ | 1,246 | ||||||||||||
Restricted cash | 838 | 450 | ||||||||||||||
Investment in a privately held company | 1,411 | 750 | ||||||||||||||
Others | 535 | 408 | ||||||||||||||
Total other assets | $ | 3,843 | $ | 2,854 | ||||||||||||
Restricted cash consists primarily of certificates of deposits pledged as security for one irrevocable letter of credit required in connection with a warehouse lease in Fremont, California, one deposit to an escrow account required by the Company's worker's compensation program and bank guarantees in connection with office leases in the Netherlands. In December 2014, the Company made an investment in a privately held company of $661,000. | ||||||||||||||||
Accrued Liabilities: | ||||||||||||||||
March 31, | June 30, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Accrued payroll and related expenses | $ | 14,145 | $ | 11,624 | ||||||||||||
Customer deposits | 7,102 | 4,185 | ||||||||||||||
Accrued warranty costs | 7,209 | 7,083 | ||||||||||||||
Accrued cooperative marketing expenses | 5,428 | 4,387 | ||||||||||||||
Others | 10,507 | 10,285 | ||||||||||||||
Total accrued liabilities | $ | 44,391 | $ | 37,564 | ||||||||||||
Product Warranties: | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Balance, beginning of period | $ | 6,960 | $ | 6,822 | $ | 7,083 | $ | 6,472 | ||||||||
Provision for warranty | 3,968 | 3,517 | 10,928 | 10,458 | ||||||||||||
Costs charged to accrual | (3,706 | ) | (3,558 | ) | (10,476 | ) | (10,222 | ) | ||||||||
Change in estimated liability for pre-existing warranties | (13 | ) | 140 | (326 | ) | 213 | ||||||||||
Balance, end of period | $ | 7,209 | $ | 6,921 | $ | 7,209 | $ | 6,921 | ||||||||
LongTerm_Investments
Long-Term Investments | 9 Months Ended |
Mar. 31, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Long-Term Investments | Long-term Investments |
As of March 31, 2015 and June 30, 2014, the Company held $2,647,000 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 March 31, 2015 and June 30, 2014. 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 salable in the auction, thereby losing the short-term liquidity previously provided by the auction process. As a result, as of March 31, 2015 and June 30, 2014, $2,647,000 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 March 31, 2015 and June 30, 2014. 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 March 31, 2015, the discount rate, the time period until redemption and the estimated rate of return were 1.82%, 3 years and 0.41%, 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 fair value of its auction rate securities during the three and nine months ended March 31, 2015 and 2014. There was a cumulative total decline of $103,000 as of March 31, 2015 and June 30, 2014. That amount has been recorded as a component of other comprehensive income. As of March 31, 2015 and June 30, 2014, the Company has recorded an accumulated unrealized loss of $62,000, 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 a periodic impairment analysis. In the three and nine months ended March 31, 2015 and 2014, there were no auction rate securities redeemed or sold. |
Fair_Value_Disclosure
Fair Value Disclosure | 9 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
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 March 31, 2015 and June 30, 2014. Refer to Note 1 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. | ||||||||||||||||
The following table sets forth the Company’s cash equivalents and long-term investments as of March 31, 2015 and June 30, 2014 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): | ||||||||||||||||
March 31, 2015 | Level 1 | Level 2 | Level 3 | Asset at | ||||||||||||
Fair Value | ||||||||||||||||
Money market funds | $ | 311 | $ | — | $ | — | $ | 311 | ||||||||
Auction rate securities | — | — | 2,647 | 2,647 | ||||||||||||
Total | $ | 311 | $ | — | $ | 2,647 | $ | 2,958 | ||||||||
June 30, 2014 | Level 1 | Level 2 | Level 3 | Asset at | ||||||||||||
Fair Value | ||||||||||||||||
Money market funds | $ | 311 | $ | — | $ | — | $ | 311 | ||||||||
Auction rate securities | — | — | 2,647 | 2,647 | ||||||||||||
Total | $ | 311 | $ | — | $ | 2,647 | $ | 2,958 | ||||||||
The above table excludes $108,705,000 and $96,324,000 of cash and $1,126,000 and $746,000 of certificates of deposit held by the Company as of March 31, 2015 and June 30, 2014, respectively. There were no transfers between Level 1, Level 2 or Level 3 securities in the three and nine months ended March 31, 2015 and 2014. | ||||||||||||||||
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 and nine months ended March 31, 2015 and 2014 (in thousands): | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Balance as of beginning of period | $ | 2,647 | $ | 2,637 | $ | 2,647 | $ | 2,637 | ||||||||
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 | $ | 2,647 | $ | 2,637 | $ | 2,647 | $ | 2,637 | ||||||||
The following is a summary of the Company’s long-term investments as of March 31, 2015 and June 30, 2014 (in thousands): | ||||||||||||||||
March 31, 2015 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost | Unrealized | Unrealized | ||||||||||||||
Holding | Holding | |||||||||||||||
Gains | Losses | |||||||||||||||
Auction rate securities | $ | 2,750 | $ | — | $ | (103 | ) | $ | 2,647 | |||||||
June 30, 2014 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost | Unrealized | Unrealized | ||||||||||||||
Holding | Holding | |||||||||||||||
Gains | Losses | |||||||||||||||
Auction rate securities | $ | 2,750 | $ | — | $ | (103 | ) | $ | 2,647 | |||||||
The Company measures the fair value of outstanding debt for disclosure purposes on a recurring basis. As of March 31, 2015 and June 30, 2014, short-term and long-term debt of $46,469,000 and $46,287,000, respectively, are reported at amortized cost. This outstanding debt is classified as 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 | 9 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Debt Disclosure [Abstract] | ||||||||
Short-term and Long-term Obligations | Short-term and Long-term Obligations | |||||||
Short-term and long-term obligations as of March 31, 2015 and June 30, 2014 consisted of the following (in thousands): | ||||||||
March 31, | June 30, | |||||||
2015 | 2014 | |||||||
Line of credit: | ||||||||
Bank of America | $ | 11,199 | $ | 17,699 | ||||
CTBC Bank | 9,700 | — | ||||||
Total line of credit | 20,899 | 17,699 | ||||||
Building term loans: | ||||||||
Bank of America | 4,433 | 6,533 | ||||||
CTBC Bank | 21,137 | 22,055 | ||||||
Total building term loans | 25,570 | 28,588 | ||||||
Total debt | 46,469 | 46,287 | ||||||
Current portion | (44,836 | ) | (42,554 | ) | ||||
Long-term portion | $ | 1,633 | $ | 3,733 | ||||
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 the 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 November 15, 2015. | ||||||||
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 0.17% at March 31, 2015. For borrowings denominated in Taiwanese dollars, the interest rate is equal to the lender's established interest rate which is adjusted monthly. | ||||||||
As of March 31, 2015 and June 30, 2014, the total outstanding borrowings under the Bank of America term loan was $4,433,000 and $6,533,000, respectively. The total outstanding borrowings under the Bank of America line of credit was $11,199,000 and $17,699,000 as of March 31, 2015 and June 30, 2014, respectively. The interest rates for these loans ranged from 0.82% to 1.67% per annum at March 31, 2015 and 1.19% to 1.65% per annum at June 30, 2014. As of March 31, 2015, the unused revolving line of credit with Bank of America was $28,801,000. | ||||||||
In April 2015, the Company drew an additional $10,000,000 from Bank of America line of credit with an interest rate at 1.43% per annum to support the Company's growth and expansion of its business. | ||||||||
CTBC Bank | ||||||||
In October 2011, the Company obtained an unsecured revolving line of credit from CTBC Bank Co., Ltd ("CTBC Bank", formerly, China Trust Bank) totaling NT$300,000,000 Taiwanese dollar or $9,898,000 U.S. dollar equivalents. In July 2012, the Company increased the credit facility to NT$450,000,000 Taiwanese dollar 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 is adjusted monthly. | ||||||||
In November 2013, the Company entered into an amendment to the existing credit agreement with CTBC Bank to increase the credit facility amount and extend the maturity date to November 30, 2014. The amendment provides for (i) a 13-month NT$700,000,000 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 NTD 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 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 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 are capped at NT$1,000,000,000 or $33,981,000 U.S. dollar equivalents. | ||||||||
In December 2014, the Company entered into a second amendment to the existing credit agreement with CTBC Bank to extend the maturity date to November 30, 2015. The amendment provides for (i) a 12-month NT$700,000,000 or $22,017,000 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 NTD interest rate plus 0.25% per annum which is adjusted monthly and (ii) a 12-month revolving line of credit up to 80% of eligible accounts receivable in an aggregate amount of up to $17,000,000 with an interest rate equal to the lender's established USD interest rate plus 0.30% per annum which is adjusted monthly. The total borrowings allowed under the credit agreement are capped at NT$1,000,000,000 or $31,453,000 U.S. dollar equivalents. | ||||||||
The total outstanding borrowings under the CTBC Bank term loan was denominated in Taiwanese dollars and was translated into U.S. dollars of $21,137,000 and $22,055,000 at March 31, 2015 and June 30, 2014, respectively. The total outstanding borrowings under the CTBC Bank revolving line of credit was $9,700,000 and $0 at March 31, 2015 and June 30, 2014, respectively. The interest rate for these loans were ranged from 0.81% to 1.15% at March 31, 2015 and 1.15% per annum at June 30, 2014. At March 31, 2015, NT$37,118,000 or $1,189,000 U.S. dollar equivalents were available for future borrowing under 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 March 31, 2015 and June 30, 2014, total assets of $916,396,000 and $751,396,000, respectively, collateralized the line of credit with Bank of America and 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 March 31, 2015 and June 30, 2014, total assets collateralizing the term loan with Bank of America were $17,411,000 and $17,584,000, respectively. As of March 31, 2015, the Company was in compliance with all financial covenants associated with the credit agreement with Bank of America. | ||||||||
As of March 31, 2015 and June 30, 2014, the land and building located in Bade, Taiwan collateralizing the term loan with CTBC Bank was $27,154,000 and $27,345,000, respectively. There are no financial covenants associated with the term loan with CTBC Bank at March 31, 2015. |
RelatedParty_and_Other_Transac
Related-Party and Other Transactions | 9 Months Ended |
Mar. 31, 2015 | |
Related Party Transactions [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 0.6% 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 42.9% of Ablecom at March 31, 2015. | |
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 $58,002,000 and $169,918,000, and sold products to Ablecom totaling $6,067,000 and $43,524,000 for the three and nine months ended March 31, 2015, respectively. The Company purchased products from Ablecom totaling $45,398,000 and $145,139,000 and sold products to Ablecom totaling $3,418,000 and $10,805,000 for the three and nine months ended March 31, 2014, respectively. | |
Amounts owed to the Company by Ablecom as of March 31, 2015 and June 30, 2014, were $4,602,000 and $621,000, respectively. Amounts owed to Ablecom by the Company as of March 31, 2015 and June 30, 2014, were $51,922,000 and $48,969,000, respectively. For the three and nine months ended March 31, 2015, the Company paid Ablecom the majority of invoiced dollars between 48 and 105 days of invoice date. For the three and nine months ended March 31, 2015, the Company paid $231,000 and $4,728,000, respectively, for tooling assets and miscellaneous costs to Ablecom. For the three and nine months ended March 31, 2014, the Company paid $2,187,000 and $5,923,000, 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 $88,593,000 and $64,464,000 at March 31, 2015 and June 30, 2014, 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 Asia Science and Technology 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 owns 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 and nine months ended March 31, 2015, $4,000 and $(3,000), respectively, of net income (loss) attributable to Ablecom's interest was included in the Company's general and administrative expenses in the condensed consolidated statements of operations. In the three and nine months ended March 31, 2014, $6,000 and $(7,000), respectively, of net income (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 | 9 Months Ended |
Mar. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes |
The Company recorded provisions for income taxes of $8,136,000 and $30,234,000 for the three and nine months ended March 31, 2015, respectively, and $4,752,000 and $15,649,000 for the three and nine months ended March 31, 2014, respectively. The effective tax rate was 26.1% and 28.7% for the three and nine months ended March 31, 2015, respectively, and 22.3% and 29.4% for the three and nine months ended March 31, 2014, respectively. The effective tax rate for the three and nine months ended March 31, 2015 is estimated to be lower than the federal statutory rate primarily due to the reinstatement of the U.S. federal research and development (“R&D”) tax credit, the benefit from disqualifying dispositions of shares issued upon exercise of incentive stock options and higher income taxed by foreign jurisdictions with lower tax rates, in part offset by the impact of stock option expenses. The effective tax rates for three and nine months ended March 31, 2014 were estimated to be lower than the federal statutory rate primarily due to the benefit from disqualifying dispositions of shares issued upon exercise of incentive stock options and foreign tax credits, which are in part offset by an increase in state tax expenses. | |
As of March 31, 2015, the Company had a liability for gross unrecognized tax benefits of $11,728,000, substantially all of which, if recognized, would affect the Company's effective tax rate. During the three and nine months ended March 31, 2015, there were no material changes in the total amount of the liability for gross unrecognized tax benefits. 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 March 31, 2015, the Company had accrued $841,000 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 for U.S. federal and state income taxes remain open in general for tax years 2011 through 2014. The Company's tax returns for its most significant foreign jurisdictions remain open for examination in general for tax years 2008 through 2014. The Company does not expect its unrecognized tax benefits to change materially over the next 12 months. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Mar. 31, 2015 | |
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 such pending matters will not have a material adverse effect on the Company’s 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 2017. As of March 31, 2015, these remaining non-cancellable commitments were $491,188,000 compared to $211,090,000 as of June 30, 2014. | |
Included in the above non-cancellable commitments are hard disk drive purchase commitments totaling approximately $237,389,000 as of March 31, 2015, an increase from $45,210,000 as of June 30, 2014 and will be paid through January 2017. The Company entered into amendments to its existing 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 negotiates the purchase price with the suppliers on an ongoing basis based upon market rates. |
Segment_Reporting
Segment Reporting | 9 Months Ended | |||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||
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 and nine months ended March 31, 2015 and 2014, of net sales by geographic region (in thousands): | ||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||||||||||||||
Net sales: | ||||||||||||||||||||||||||||
United States | $ | 273,631 | $ | 203,638 | $ | 803,757 | $ | 558,423 | ||||||||||||||||||||
Europe | 88,259 | 81,165 | 269,404 | 237,327 | ||||||||||||||||||||||||
Asia | 74,772 | 78,373 | 241,785 | 215,556 | ||||||||||||||||||||||||
Other | 34,563 | 10,579 | 102,615 | 27,827 | ||||||||||||||||||||||||
$ | 471,225 | $ | 373,755 | $ | 1,417,561 | $ | 1,039,133 | |||||||||||||||||||||
The following is a summary of long-lived assets, excluding financial instruments, deferred tax assets, other assets, goodwill and intangible assets (in thousands): | ||||||||||||||||||||||||||||
March 31, | June 30, | |||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||
Long-lived assets: | ||||||||||||||||||||||||||||
United States | $ | 115,288 | $ | 94,119 | ||||||||||||||||||||||||
Asia | 37,754 | 36,123 | ||||||||||||||||||||||||||
Europe | 290 | 347 | ||||||||||||||||||||||||||
$ | 153,332 | $ | 130,589 | |||||||||||||||||||||||||
The following is a summary of net sales by product type (in thousands): | ||||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||||||||||||||
Amount | Percent of | Amount | Percent of | Amount | Percent of | Amount | Percent of | |||||||||||||||||||||
Net Sales | Net Sales | Net Sales | Net Sales | |||||||||||||||||||||||||
Server systems | $ | 301,953 | 64.1 | % | $ | 187,282 | 50.1 | % | $ | 859,818 | 60.7 | % | $ | 504,637 | 48.6 | % | ||||||||||||
Subsystems and accessories | 169,272 | 35.9 | % | 186,473 | 49.9 | % | 557,743 | 39.3 | % | 534,496 | 51.4 | % | ||||||||||||||||
Total | $ | 471,225 | 100 | % | $ | 373,755 | 100 | % | $ | 1,417,561 | 100 | % | $ | 1,039,133 | 100 | % | ||||||||||||
Subsystems and accessories are comprised of serverboards, chassis and accessories. Server systems constitute subsystems and accessories assembled by the Company. One customer represented 13.9% and 12.5% of the Company’s total net sales in the three and nine months ended March 31, 2015, respectively, and no customer represented greater than 10% of the Company’s total net sales in the three and nine months ended March 31, 2014. No country other than the United States represents greater than 10% of the Company’s total net sales in the three and nine months ended March 31, 2015 and 2014. No customer accounted for 10% or more of the Company's accounts receivable as of March 31, 2015 and June 30, 2014. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended | |
Mar. 31, 2015 | ||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
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, 2014 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 and nine months ended March 31, 2015 are not necessarily indicative of the results that may be expected for future quarters or for the fiscal year ending June 30, 2015. | ||
The Company consolidates its investment in Super Micro Asia Science and Technology Park, Inc. as it is variable interest entity and the Company is the primary beneficiary. The noncontrolling interest is presented as a separate component from the Company's equity in the equity section of the condensed consolidated balance sheets. Net income attributable to the noncontrolling interest is not presented separately in the condensed consolidated statements of operations and is included in the general and administrative expenses as the amount is not material for any of the fiscal periods presented. | ||
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 is calculated by adjusting outstanding shares, assuming any dilutive effects of stock incentive awards calculated using the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock results in a greater dilutive effect from outstanding stock options and restricted stock units. Additionally, the exercise of employee stock options and the vesting of restricted stock units results in a further dilutive effect on net income per share. | ||
Adoption of New Accounting Pronouncements | Adoption of New Accounting Pronouncements | |
In March 2013, the FASB issued authoritative guidance associated with a parent company’s accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. The standard applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights) within a foreign entity. The adoption of this guidance did not have a material impact on the Company's results of operations or financial position. | ||
In July 2013, the FASB issued authoritative guidance associated with the presentation of an 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 an 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 adoption of this guidance did not have a material impact on the Company's results of operations or financial position. | ||
In May 2014, the FASB issued new accounting guidance related to revenue recognition. This new standard replaces all current U.S. GAAP guidance on revenue, eliminates all industry-specific guidance and provides a unified model in determining when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance can be applied either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The new standard is effective for the Company on July 1, 2018. The Company is currently evaluating the effect the guidance will have on the Company's financial statement disclosures, results of operations and financial position. | ||
In April 2015, the FASB issued new accounting guidance related to presentation of debt issue costs. The new standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The new standard is effective for the Company on July 1, 2016. The Company is currently evaluating the effect the guidance will have on the Company's financial statement disclosures, results of operations and financial position. |
Recovered_Sheet1
Stock-Based Compensation and Stockholders' Equity (Tables) | 9 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
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 and nine months ended March 31, 2015 and 2014 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions: | |||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Risk-free interest rate | 1.35% - 1.58% | 1.69% - 1.81% | 1.35% - 1.76% | 1.53% - 1.81% | ||||||||||||
Expected life | 5.40 years | 5.58 years | 5.40 - 5.44 years | 5.49 - 5.58 years | ||||||||||||
Dividend yield | — | % | — | % | — | % | — | % | ||||||||
Volatility | 47.60% - 48.26% | 43.48% - 44.66% | 46.93% - 49.31% | 43.48% - 50.07% | ||||||||||||
Weighted-average fair value | $ | 15.92 | $ | 7.7 | $ | 12.59 | $ | 6.67 | ||||||||
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | The following table shows total stock-based compensation expense included in the condensed consolidated statements of operations for the three and nine months ended March 31, 2015 and 2014 (in thousands): | |||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Cost of sales | $ | 222 | $ | 246 | $ | 651 | $ | 726 | ||||||||
Research and development | 2,255 | 1,723 | 6,148 | 4,993 | ||||||||||||
Sales and marketing | 369 | 306 | 1,148 | 925 | ||||||||||||
General and administrative | 720 | 531 | 1,780 | 1,539 | ||||||||||||
Stock-based compensation expense before taxes | 3,566 | 2,806 | 9,727 | 8,183 | ||||||||||||
Income tax impact | (1,355 | ) | (1,477 | ) | (2,747 | ) | (2,146 | ) | ||||||||
Stock-based compensation expense, net | $ | 2,211 | $ | 1,329 | $ | 6,980 | $ | 6,037 | ||||||||
Schedule of Share-based Compensation, Stock Options, Activity | The following table summarizes stock option activity during the nine months ended March 31, 2015 under all stock option plans: | |||||||||||||||
Options | Weighted | Weighted | Aggregate | |||||||||||||
Outstanding | Average | Average | Intrinsic | |||||||||||||
Exercise | Remaining | Value | ||||||||||||||
Price per | Contractual | (in thousands) | ||||||||||||||
Share | Term | |||||||||||||||
(in Years) | ||||||||||||||||
Balance as of June 30, 2014 (7,558,631 shares exercisable at weighted average exercise price of $11.05 per share) | 10,905,602 | $ | 12.24 | |||||||||||||
Granted | 1,058,760 | $ | 27.99 | |||||||||||||
Exercised | (1,942,366 | ) | $ | 10.85 | ||||||||||||
Forfeited | (153,960 | ) | $ | 18.94 | ||||||||||||
Balance as of March 31, 2015 | 9,868,036 | $ | 14.1 | 6.13 | $ | 189,102 | ||||||||||
Options vested and expected to vest at March 31, 2015 | 9,658,434 | $ | 13.91 | 6.07 | $ | 186,852 | ||||||||||
Options vested and exercisable at March 31, 2015 | 6,988,101 | $ | 11.97 | 5.11 | $ | 148,459 | ||||||||||
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | The following table summarizes restricted stock unit activity during the nine months ended March 31, 2015 under the 2006 Plan: | |||||||||||||||
Restricted Stock Units | Weighted | Aggregate | ||||||||||||||
Outstanding | Average | Intrinsic | ||||||||||||||
Grant-Date Fair Value per Share | Value | |||||||||||||||
(in thousands) | ||||||||||||||||
Balance as of June 30, 2014 | — | $ | — | |||||||||||||
Granted | 233,930 | $ | 35.07 | |||||||||||||
Vested | — | $ | — | |||||||||||||
Forfeited | (51,050 | ) | $ | 35.07 | ||||||||||||
Balance as of March 31, 2015 | 182,880 | $ | 35.07 | $ | 6,073 | |||||||||||
Net_Income_Per_Common_Share_Ta
Net Income Per Common Share (Tables) | 9 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Earnings Per Share [Abstract] | ||||||||||||||||
Schedule of Earnings Per Share, Basic and Diluted | The computation of basic and diluted using the two-class method is as follows (in thousands, except per share amounts): | |||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Basic net income per common share calculation | ||||||||||||||||
Net income | $ | 23,056 | $ | 16,574 | $ | 75,161 | $ | 37,608 | ||||||||
Less: Undistributed earnings allocated to participating securities | — | (1 | ) | — | (34 | ) | ||||||||||
Net income attributable to common shares—basic | $ | 23,056 | $ | 16,573 | $ | 75,161 | $ | 37,574 | ||||||||
Weighted-average number of common shares used to compute basic net income per common share | 46,824 | 43,992 | 46,138 | 43,128 | ||||||||||||
Basic net income per common share | $ | 0.49 | $ | 0.38 | $ | 1.63 | $ | 0.87 | ||||||||
Diluted net income per common share calculation | ||||||||||||||||
Net income | $ | 23,056 | $ | 16,574 | $ | 75,161 | $ | 37,608 | ||||||||
Less: Undistributed earnings allocated to participating securities | — | (1 | ) | — | (32 | ) | ||||||||||
Net income attributable to common shares—diluted | $ | 23,056 | $ | 16,573 | $ | 75,161 | $ | 37,576 | ||||||||
Weighted-average number of common shares used to compute basic net income per common share | 46,824 | 43,992 | 46,138 | 43,128 | ||||||||||||
Dilutive effect of options to purchase common stock | 5,184 | 3,432 | 4,964 | 2,729 | ||||||||||||
Weighted-average number of common shares used to compute diluted net income per common share | 52,008 | 47,424 | 51,102 | 45,857 | ||||||||||||
Diluted net income per common share | $ | 0.44 | $ | 0.35 | $ | 1.47 | $ | 0.82 | ||||||||
Balance_Sheet_Components_Balan
Balance Sheet Components - Balance Sheet Components (Tables) | 9 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
Balance Sheet Related Disclosures [Abstract] | ||||||||||||||||
Schedule of Inventory, Current | The following tables provide details of the selected balance sheet items (in thousands): | |||||||||||||||
Inventory: | ||||||||||||||||
March 31, | June 30, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Finished goods | $ | 320,213 | $ | 246,803 | ||||||||||||
Work in process | 38,093 | 18,794 | ||||||||||||||
Purchased parts and raw materials | 72,076 | 50,240 | ||||||||||||||
Total inventory | $ | 430,382 | $ | 315,837 | ||||||||||||
Property, Plant and Equipment | Property, Plant, and Equipment: | |||||||||||||||
March 31, | June 30, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Land | $ | 63,962 | $ | 63,962 | ||||||||||||
Buildings | 51,959 | 51,959 | ||||||||||||||
Building and leasehold improvements | 8,281 | 7,683 | ||||||||||||||
Buildings construction in progress (1) | 17,247 | 587 | ||||||||||||||
Machinery and equipment | 39,736 | 34,342 | ||||||||||||||
Furniture and fixtures | 7,029 | 5,892 | ||||||||||||||
Purchased software | 3,811 | 3,606 | ||||||||||||||
Purchased software construction in progress (2) | 7,024 | 2,548 | ||||||||||||||
199,049 | 170,579 | |||||||||||||||
Accumulated depreciation and amortization | (45,717 | ) | (39,990 | ) | ||||||||||||
Property, plant and equipment, net | $ | 153,332 | $ | 130,589 | ||||||||||||
(1) In connection with the purchase of the property located in San Jose, California, the Company engaged several contractors for the development and construction of improvements on the property, which is still in progress. | ||||||||||||||||
(2) The Company continues its implementation of a new enterprise resource planning, or ERP, system and has capitalized the costs of the new ERP software and certain expenses associated directly with the development of the ERP system, which is still in progress. | ||||||||||||||||
Schedule of Other Assets | Other Assets: | |||||||||||||||
March 31, | June 30, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Prepaid royalty license | $ | 1,059 | $ | 1,246 | ||||||||||||
Restricted cash | 838 | 450 | ||||||||||||||
Investment in a privately held company | 1,411 | 750 | ||||||||||||||
Others | 535 | 408 | ||||||||||||||
Total other assets | $ | 3,843 | $ | 2,854 | ||||||||||||
Schedule of Accrued Liabilities | Accrued Liabilities: | |||||||||||||||
March 31, | June 30, | |||||||||||||||
2015 | 2014 | |||||||||||||||
Accrued payroll and related expenses | $ | 14,145 | $ | 11,624 | ||||||||||||
Customer deposits | 7,102 | 4,185 | ||||||||||||||
Accrued warranty costs | 7,209 | 7,083 | ||||||||||||||
Accrued cooperative marketing expenses | 5,428 | 4,387 | ||||||||||||||
Others | 10,507 | 10,285 | ||||||||||||||
Total accrued liabilities | $ | 44,391 | $ | 37,564 | ||||||||||||
Schedule of Product Warranty Liability | Product Warranties: | |||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Balance, beginning of period | $ | 6,960 | $ | 6,822 | $ | 7,083 | $ | 6,472 | ||||||||
Provision for warranty | 3,968 | 3,517 | 10,928 | 10,458 | ||||||||||||
Costs charged to accrual | (3,706 | ) | (3,558 | ) | (10,476 | ) | (10,222 | ) | ||||||||
Change in estimated liability for pre-existing warranties | (13 | ) | 140 | (326 | ) | 213 | ||||||||||
Balance, end of period | $ | 7,209 | $ | 6,921 | $ | 7,209 | $ | 6,921 | ||||||||
Fair_Value_Disclosure_Tables
Fair Value Disclosure (Tables) | 9 Months Ended | |||||||||||||||
Mar. 31, 2015 | ||||||||||||||||
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 March 31, 2015 and June 30, 2014 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): | |||||||||||||||
March 31, 2015 | Level 1 | Level 2 | Level 3 | Asset at | ||||||||||||
Fair Value | ||||||||||||||||
Money market funds | $ | 311 | $ | — | $ | — | $ | 311 | ||||||||
Auction rate securities | — | — | 2,647 | 2,647 | ||||||||||||
Total | $ | 311 | $ | — | $ | 2,647 | $ | 2,958 | ||||||||
June 30, 2014 | Level 1 | Level 2 | Level 3 | Asset at | ||||||||||||
Fair Value | ||||||||||||||||
Money market funds | $ | 311 | $ | — | $ | — | $ | 311 | ||||||||
Auction rate securities | — | — | 2,647 | 2,647 | ||||||||||||
Total | $ | 311 | $ | — | $ | 2,647 | $ | 2,958 | ||||||||
Schedule of Financial Assets Measured at Fair Value on Recurring Basis | 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 and nine months ended March 31, 2015 and 2014 (in thousands): | |||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
March 31, | March 31, | |||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||
Balance as of beginning of period | $ | 2,647 | $ | 2,637 | $ | 2,647 | $ | 2,637 | ||||||||
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 | $ | 2,647 | $ | 2,637 | $ | 2,647 | $ | 2,637 | ||||||||
Schedule of Long-term Investments Reconciliation | The following is a summary of the Company’s long-term investments as of March 31, 2015 and June 30, 2014 (in thousands): | |||||||||||||||
March 31, 2015 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost | Unrealized | Unrealized | ||||||||||||||
Holding | Holding | |||||||||||||||
Gains | Losses | |||||||||||||||
Auction rate securities | $ | 2,750 | $ | — | $ | (103 | ) | $ | 2,647 | |||||||
June 30, 2014 | ||||||||||||||||
Amortized | Gross | Gross | Fair Value | |||||||||||||
Cost | Unrealized | Unrealized | ||||||||||||||
Holding | Holding | |||||||||||||||
Gains | Losses | |||||||||||||||
Auction rate securities | $ | 2,750 | $ | — | $ | (103 | ) | $ | 2,647 | |||||||
ShortTerm_and_LongTerm_Obligat1
Short-Term and Long-Term Obligations (Tables) | 9 Months Ended | |||||||
Mar. 31, 2015 | ||||||||
Debt Disclosure [Abstract] | ||||||||
Schedule of Short-term and Long-term Obligations | Short-term and long-term obligations as of March 31, 2015 and June 30, 2014 consisted of the following (in thousands): | |||||||
March 31, | June 30, | |||||||
2015 | 2014 | |||||||
Line of credit: | ||||||||
Bank of America | $ | 11,199 | $ | 17,699 | ||||
CTBC Bank | 9,700 | — | ||||||
Total line of credit | 20,899 | 17,699 | ||||||
Building term loans: | ||||||||
Bank of America | 4,433 | 6,533 | ||||||
CTBC Bank | 21,137 | 22,055 | ||||||
Total building term loans | 25,570 | 28,588 | ||||||
Total debt | 46,469 | 46,287 | ||||||
Current portion | (44,836 | ) | (42,554 | ) | ||||
Long-term portion | $ | 1,633 | $ | 3,733 | ||||
Schedule_of_Segment_Reporting_
Schedule of Segment Reporting Information, by Segment (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Mar. 31, 2015 | ||||||||||||||||||||||||||||
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 and nine months ended March 31, 2015 and 2014, of net sales by geographic region (in thousands): | |||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||||||||||||||
Net sales: | ||||||||||||||||||||||||||||
United States | $ | 273,631 | $ | 203,638 | $ | 803,757 | $ | 558,423 | ||||||||||||||||||||
Europe | 88,259 | 81,165 | 269,404 | 237,327 | ||||||||||||||||||||||||
Asia | 74,772 | 78,373 | 241,785 | 215,556 | ||||||||||||||||||||||||
Other | 34,563 | 10,579 | 102,615 | 27,827 | ||||||||||||||||||||||||
$ | 471,225 | $ | 373,755 | $ | 1,417,561 | $ | 1,039,133 | |||||||||||||||||||||
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): | |||||||||||||||||||||||||||
March 31, | June 30, | |||||||||||||||||||||||||||
2015 | 2014 | |||||||||||||||||||||||||||
Long-lived assets: | ||||||||||||||||||||||||||||
United States | $ | 115,288 | $ | 94,119 | ||||||||||||||||||||||||
Asia | 37,754 | 36,123 | ||||||||||||||||||||||||||
Europe | 290 | 347 | ||||||||||||||||||||||||||
$ | 153,332 | $ | 130,589 | |||||||||||||||||||||||||
Summary of Net Sales by Products Type | The following is a summary of net sales by product type (in thousands): | |||||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||
March 31, | March 31, | |||||||||||||||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||||||||||||||||
Amount | Percent of | Amount | Percent of | Amount | Percent of | Amount | Percent of | |||||||||||||||||||||
Net Sales | Net Sales | Net Sales | Net Sales | |||||||||||||||||||||||||
Server systems | $ | 301,953 | 64.1 | % | $ | 187,282 | 50.1 | % | $ | 859,818 | 60.7 | % | $ | 504,637 | 48.6 | % | ||||||||||||
Subsystems and accessories | 169,272 | 35.9 | % | 186,473 | 49.9 | % | 557,743 | 39.3 | % | 534,496 | 51.4 | % | ||||||||||||||||
Total | $ | 471,225 | 100 | % | $ | 373,755 | 100 | % | $ | 1,417,561 | 100 | % | $ | 1,039,133 | 100 | % | ||||||||||||
StockBased_Compensation_And_St1
Stock-Based Compensation And Stockholders' Equity - Equity Incentive Plan (Details) | 9 Months Ended |
Mar. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Authorized shares available for future issuance under the 2006 Plan | 626,715 |
Equity Incentive Plan, 2006 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Increase in number of shares of common stock reserved for issuance under the 2006 Plan | 3.00% |
Equity Incentive Plan, 2006, More Than 10% Ownership [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Percentage of fair market value | 110.00% |
Equity Incentive Plan, 2006, Less Than 10% Ownership [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Percentage of fair market value | 100.00% |
Stock Options [Member] | Equity Incentive Plan, 2006 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Stock option expected life | 10 years |
Employee stock options and restricted stock units [Member] | Equity Incentive Plan, 2006 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Vesting period | 4 years |
Employee stock options and restricted stock units [Member] | Year One | Equity Incentive Plan, 2006 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Vesting rights, percentage | 25.00% |
Employee stock options and restricted stock units [Member] | Share-based Compensation Award, Tranche Two [Member] | Equity Incentive Plan, 2006 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Vesting rights, percentage | 6.25% |
StockBased_Compensation_And_St2
Stock-Based Compensation And Stockholders' Equity - Determining Fair Value (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Risk-free interest rate, minimum | 1.35% | 1.69% | 1.35% | 1.53% |
Risk-free interest rate, maximum | 1.58% | 1.81% | 1.76% | 1.81% |
Expected life | 5 years 4 months 26 days | 5 years 6 months 28 days | ||
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% |
Volatility, minimum | 47.60% | 43.48% | 46.93% | 43.48% |
Volatility, maximum | 48.26% | 44.66% | 49.31% | 50.07% |
Weighted average fair value | $15.92 | $7.70 | $12.59 | $6.67 |
Stock-based compensation expense before taxes | $3,566 | $2,806 | $9,727 | $8,183 |
Income tax impact | -1,355 | -1,477 | -2,747 | -2,146 |
Stock-based compensation expense, net | 2,211 | 1,329 | 6,980 | 6,037 |
Excess tax benefits accounted in additional paid-in capital | 10,576 | 4,533 | ||
Excess tax benefit from financing activities | 7,229 | 2,719 | ||
Cost of sales [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation expense before taxes | 222 | 246 | 651 | 726 |
Research and development [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation expense before taxes | 2,255 | 1,723 | 6,148 | 4,993 |
Sales and marketing [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation expense before taxes | 369 | 306 | 1,148 | 925 |
General and administrative [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Stock-based compensation expense before taxes | $720 | $531 | $1,780 | $1,539 |
Minimum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Expected life | 5 years 4 months 26 days | 5 years 5 months 28 days | ||
Maximum [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Expected life | 5 years 5 months 9 days | 5 years 6 months 28 days |
StockBased_Compensation_And_St3
Stock-Based Compensation And Stockholders' Equity - Summary of Stock Option Activity (Table) (Details) (USD $) | 9 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Jun. 30, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Beginning Balance, number of shares outstanding | 10,905,602 | |
Number of shares, stock options granted | 1,058,760 | |
Number of shares, options exercised | -1,942,366 | |
Number of shares, options forfeited | -153,960 | |
Ending Balance, number of shares outstanding | 9,868,036 | |
Number of shares options vested and expected to vest | 9,658,434 | |
Number of shares options vested and exercisable | 6,988,101 | 7,558,631 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ||
Beginning Balance, weighted average exercise price per share, options outstanding | $12.24 | |
Weighted average exercise price per share, options granted | $27.99 | |
Weighted average exercise price per share, options exercised | $10.85 | |
Weighted average exercise price per share, options forfeited | $18.94 | |
Ending Balance, weighted average exercise price per share, options outstanding | $14.10 | |
Weighted average exercise price per share, options vested and expected to vest | $13.91 | |
Weighted average exercise price per share, options exercisable | $11.97 | $11.05 |
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 16 days | |
Weighted average remaining contractual term, options vested and expected to vest | 6 years 0 months 25 days | |
Weighted average remaining contractual term, options vested and exercisable | 5 years 1 month 8 days | |
Balance, aggregate intrinsic value of options outstanding | $189,102 | |
Aggregate intrinsic value of options vested and expected to vest | 186,852 | |
Aggregate intrinsic value of options vested and exercisable | $148,459 |
Summary_of_Restricted_Stock_Un
Summary of Restricted Stock Unit Award Activity (Details) (Restricted Stock Units (RSUs) [Member], USD $) | 9 Months Ended |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 |
Restricted Stock Units (RSUs) [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Beginning Balance, number of restricted stock units outstanding | 0 |
Number of shares, restricted stock units granted | 233,930 |
Number of shares, restricted stock units vested | 0 |
Number of shares, restricted stock units forfeited | -51,050 |
Ending Balance, number of restricted stock units outstanding | 182,880 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |
Beginning Balance, weighted average grant price per share, restricted stock units outstanding | $0 |
Weighted average grant price per share, restricted stock units granted | $35.07 |
Weighted average grant price per share, restricted stock units vested | $0 |
Weighted average grant price per share, restricted stock units forfeited | $35.07 |
Ending Balance, weighted average grant price per share, restricted stock units outstanding | $35.07 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract] | |
Balance, aggregate intrinsic value of restricted stock units outstanding | $6,073 |
StockBased_Compensation_And_St4
Stock-Based Compensation And Stockholders' Equity - Stock Option and Restricted Stock Award Activity (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Total pretax intrinsic value of options exercised | $22,231 | $14,746 | $44,301 | $19,961 |
Unrecognized compensation cost related to non-vested stock-based awards | 28,958 | 28,958 | ||
Unrecognized compensation cost related to non-vested stock based awards, period for recognition | 2 years 4 months 22 days | |||
Tax withholding paid on behalf of an officer for restricted stock awards | 0 | 651 | ||
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Total pretax intrinsic value of restricted stock awards vested | 0 | 0 | 0 | 2,337 |
Restricted stock awards vested, shares | 0 | 0 | 0 | 179,641 |
Officer [Member] | Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Shares withheld for taxes | 0 | 0 | 0 | 50,000 |
Tax withholding paid on behalf of an officer for restricted stock awards | $0 | $0 | $0 | $651 |
Net_Income_Per_Common_Share_Ne
Net Income Per Common Share - Net Income Per Common Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Earnings Per Share, Basic [Abstract] | ||||
Net income | $23,056 | $16,574 | $75,161 | $37,608 |
Less: Undistributed earnings allocated to participating securities | 0 | -1 | 0 | -34 |
Net income attributable to common shares—basic | 23,056 | 16,573 | 75,161 | 37,574 |
Weighted-average number of common shares used to compute basic net income per common share | 46,824 | 43,992 | 46,138 | 43,128 |
Basic (in dollars per share) | $0.49 | $0.38 | $1.63 | $0.87 |
Earnings Per Share, Diluted [Abstract] | ||||
Net income | 23,056 | 16,574 | 75,161 | 37,608 |
Less: Undistributed earnings allocated to participating securities | 0 | -1 | 0 | -32 |
Net income attributable to common shares—diluted | 23,056 | 16,573 | 75,161 | 37,576 |
Dilutive effect of options to purchase common stock | $5,184 | $3,432 | $4,964 | $2,729 |
Weighted-average number of common shares used to compute diluted net income per common share | 52,008 | 47,424 | 51,102 | 45,857 |
Diluted net income per common share | $0.44 | $0.35 | $1.47 | $0.82 |
Employee stock options and restricted stock units [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Anti-dilutive outstanding equity awards, shares | 175 | 2,142 | 627 | 3,892 |
Balance_Sheet_Components_Inven
Balance Sheet Components - Inventory (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Jun. 30, 2014 |
Balance Sheet Related Disclosures [Abstract] | |||||
Finished goods | $320,213 | $320,213 | $246,803 | ||
Work in process | 38,093 | 38,093 | 18,794 | ||
Purchased parts and raw materials | 72,076 | 72,076 | 50,240 | ||
Total inventory | 430,382 | 430,382 | 315,837 | ||
Provision for inventory | $287 | $889 | $4,462 | $2,427 |
Balance_Sheet_Components_Prope
Balance Sheet Components - Property, Plant and Equipment (Details) (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | $199,049 | $170,579 |
Accumulated depreciation and amortization | -45,717 | -39,990 |
Property, plant and equipment, net | 153,332 | 130,589 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 63,962 | 63,962 |
Buildings [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 51,959 | 51,959 |
Building and leasehold improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 8,281 | 7,683 |
Buildings construction in progress [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 17,247 | 587 |
Machinery and equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 39,736 | 34,342 |
Furniture and fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 7,029 | 5,892 |
Purchased software [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | 3,811 | 3,606 |
Purchased software construction in progress [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, plant and equipment, gross | $7,024 | $2,548 |
Balance_Sheet_Components_Other
Balance Sheet Components - Other Assets (Details) (USD $) | 1 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Jun. 30, 2014 |
Balance Sheet Related Disclosures [Abstract] | ||||
Prepaid royalty license | $1,059 | $1,246 | ||
Restricted cash | 838 | 450 | ||
Investment in a privately held company | 1,411 | 750 | ||
Others | 535 | 408 | ||
Total other assets | 3,843 | 2,854 | ||
Payment made for an investment in a privately held company | $661 | $661 | $0 |
Balance_Sheet_Components_Accru
Balance Sheet Components - Accrued Liabilities (Details) (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | ||
Balance Sheet Related Disclosures [Abstract] | ||
Accrued payroll and related expenses | $14,145 | $11,624 |
Customer deposits | 7,102 | 4,185 |
Accrued warranty costs | 7,209 | 7,083 |
Accrued cooperative marketing expenses | 5,428 | 4,387 |
Others | 10,507 | 10,285 |
Total accrued liabilities | $44,391 | $37,564 |
Balance_Sheet_Components_Produ
Balance Sheet Components - Product Warranties (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Product Warranties: | ||||
Balance, beginning of period | $6,960 | $6,822 | $7,083 | $6,472 |
Provision for warranty | 3,968 | 3,517 | 10,928 | 10,458 |
Costs charged to accrual | -3,706 | -3,558 | -10,476 | -10,222 |
Change in estimated liability for pre-existing warranties | -13 | 140 | -326 | 213 |
Balance, end of period | $7,209 | $6,921 | $7,209 | $6,921 |
LongTerm_Investments_Details
Long-Term Investments (Details) (Auction rate securities [Member], USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Jun. 30, 2014 | |
Schedule of Available-for-sale Securities [Line Items] | |||||
Auction-rate securities, net of unrealized losses | $2,647,000 | $2,647,000 | $2,647,000 | ||
Auction-rate securities, unrealized gains (losses), period impact | 0 | 0 | 0 | 0 | |
Auction-rate securities, unrealized holding losses, gross | 103,000 | 103,000 | |||
Auction-rate securities, unrealized holding loss, net of taxes | 62,000 | 62,000 | 62,000 | ||
Auction rate securities, redeemed at par | $0 | $0 | $0 | $0 | |
Discounted Cash Flow Approach Valuation Technique [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Fair value inputs, discount rate | 1.82% | ||||
Fair value inputs, time period until redemption | 3 years | ||||
Fair value inputs, estimated rate of return | 0.41% | ||||
Fair value investment, increase or decrease in rate of return | 1.00% | ||||
Fair value investment, increase or decrease in term | 1 year | ||||
Discounted Cash Flow Approach Valuation Technique [Member] | Minimum [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Fair value, change in investment portfolio | 1.00% | ||||
Discounted Cash Flow Approach Valuation Technique [Member] | Maximum [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Fair value, change in investment portfolio | 3.00% |
Fair_Value_Disclosure_Details
Fair Value Disclosure (Details) (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | ||
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets, fair value | $2,958 | $2,958 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets, fair value | 311 | 311 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets, fair value | 0 | 0 |
Debt Disclosure [Abstract] | ||
Short-term and long-term debt, fair value | 46,469 | 46,287 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets, fair value | 2,647 | 2,647 |
Money market funds [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 | 311 | 311 |
Money market funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents, fair value | 311 | 311 |
Money market funds [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [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, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents, fair value | 0 | 0 |
Auction rate securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Auction rate securities, fair value | 2,647 | 2,647 |
Auction rate securities, amortized cost | 2,750 | 2,750 |
Auction rate securities, gross unrealized holding gains | 0 | 0 |
Auction rate securities, gross unrealized holding losses | -103 | -103 |
Auction rate securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Auction rate securities, fair value | 2,647 | 2,647 |
Auction rate securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [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, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [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, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Auction rate securities, fair value | 2,647 | 2,647 |
Cash [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents, fair value | 108,705 | 96,324 |
Certificates of Deposit [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Certificates of deposit, fair value | $1,126 | $746 |
Fair_Value_Disclosure_Assets_M
Fair Value Disclosure - Assets Measured on Recurring Basis Roll Forward (Details) (Fair Value, Inputs, Level 3 [Member], Fair Value, Measurements, Recurring [Member], Auction rate securities [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Auction rate securities [Member] | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Balance, beginning of the period | $2,647 | $2,637 | $2,647 | $2,637 |
Total realized gains or (losses) included in net income | 0 | 0 | 0 | 0 |
Total unrealized gains or (losses) included in other comprehensive income | 0 | 0 | 0 | 0 |
Sales and settlements at par | 0 | 0 | 0 | 0 |
Transfers in and/or out of Level 3 | 0 | 0 | 0 | 0 |
Balance, ending of the period | $2,647 | $2,637 | $2,647 | $2,637 |
ShortTerm_and_LongTerm_Obligat2
Short-Term and Long-Term Obligations - Short-Term and Long-term Debt (Details) (USD $) | 1 Months Ended | ||
In Thousands, unless otherwise specified | Jul. 31, 2012 | Mar. 31, 2015 | Jun. 30, 2014 |
Debt Instrument [Line Items] | |||
Total debt | $46,469 | $46,287 | |
Debt, current portion | 44,836 | 42,554 | |
Debt, long-term portion | 1,633 | 3,733 | |
Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Total debt | 25,570 | ||
Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Long-term debt | 28,588 | ||
Bank of America [Member] | Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Long-term debt | 4,433 | 6,533 | |
CTBC [Member] | Term Loan [Member] | |||
Short-term Debt [Line Items] | |||
Credit facility, basis spread on variable rate | 0.30% | ||
CTBC [Member] | CTBC 2013 Facility [Member] | Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Long-term debt | 22,055 | ||
Term Loan [Member] | CTBC [Member] | CTBC 2014 Facility [Member] | |||
Short-term Debt [Line Items] | |||
Short-term debt | 21,137 | ||
Revolving Credit Facility [Member] | Line of Credit [Member] | |||
Short-term Debt [Line Items] | |||
Short-term debt | 20,899 | 17,699 | |
Revolving Credit Facility [Member] | Line of Credit [Member] | Bank of America [Member] | |||
Short-term Debt [Line Items] | |||
Short-term debt | 11,199 | 17,699 | |
Revolving Credit Facility [Member] | Line of Credit [Member] | CTBC [Member] | CTBC 2013 Facility [Member] | |||
Debt Instrument [Line Items] | |||
Long-term debt | 0 | ||
Revolving Credit Facility [Member] | Line of Credit [Member] | CTBC [Member] | CTBC 2014 Facility [Member] | |||
Short-term Debt [Line Items] | |||
Short-term debt | $9,700 |
ShortTerm_and_LongTerm_Obligat3
Short-Term and Long-Term Obligations - Short-term Obligations (Details) | Mar. 31, 2015 | Jun. 30, 2014 | Mar. 31, 2015 | Jun. 30, 2014 | Jul. 31, 2012 | Jul. 31, 2012 | Oct. 30, 2011 | Oct. 30, 2011 | Mar. 31, 2015 | Oct. 31, 2011 | Mar. 31, 2015 | Jun. 30, 2014 | Jul. 31, 2012 | Oct. 31, 2011 | Oct. 31, 2011 | Mar. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2014 | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2014 | Mar. 31, 2015 | Jun. 30, 2014 | Mar. 31, 2015 | Mar. 31, 2015 | Jun. 30, 2014 | Mar. 31, 2015 | Apr. 30, 2015 |
Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Bank of America [Member] | Bank of America [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Line of Credit [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | CTBC 2014 Facility [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Subsequent Event [Member] | |
Line of Credit [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Term Loan [Member] | Term Loan [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | CTBC [Member] | London Interbank Offered Rate (LIBOR) [Member] | Bank of America [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC's Established NTD Interest Rate [Member] | CTBC's Established USD Interest Rate [Member] | Bank of America [Member] | Bank of America [Member] | CTBC 2014 Facility [Member] | Bank of America [Member] | Bank of America [Member] | CTBC 2014 Facility [Member] | Bank of America [Member] | |
USD ($) | USD ($) | Line of Credit [Member] | Line of Credit [Member] | USD ($) | TWD | USD ($) | TWD | Revolving Credit Facility [Member] | USD ($) | USD ($) | USD ($) | Bank of America [Member] | Revolving Credit Facility [Member] | USD ($) | TWD | USD ($) | TWD | Term Loan [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Secured Debt [Member] | Secured Debt [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | Revolving Credit Facility [Member] | ||||||
USD ($) | USD ($) | Line of Credit [Member] | USD ($) | USD ($) | Line of Credit [Member] | Line of Credit [Member] | Term Loan [Member] | Term Loan [Member] | Secured Debt [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | ||||||||||||||||||||||
USD ($) | USD ($) | USD ($) | TWD | Term Loan [Member] | Line of Credit [Member] | USD ($) | |||||||||||||||||||||||||||
Short-term Debt [Line Items] | |||||||||||||||||||||||||||||||||
Amount of assets as collateral for debt instrument | $916,396,000 | $751,396,000 | $17,411,000 | $17,584,000 | $27,154,000 | ||||||||||||||||||||||||||||
Interest rate, period end | 1.67% | 1.65% | 1.15% | 0.82% | 1.19% | 0.81% | |||||||||||||||||||||||||||
Credit facility, term | 5 years | 12 months | 12 months | 12 months | |||||||||||||||||||||||||||||
Credit facility, maximum borrowing capacity | 9,898,000 | 300,000,000 | 40,000,000 | 31,453,000 | 1,000,000,000 | 17,000,000 | 22,017,000 | 700,000,000 | |||||||||||||||||||||||||
Term loan, face amount | 14,912,000 | 450,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||
Credit facility, basis spread on variable rate | 1.25% | 0.30% | 1.50% | 0.25% | 0.30% | ||||||||||||||||||||||||||||
LIBOR rate | 0.17% | ||||||||||||||||||||||||||||||||
Short-term debt, total outstanding balance | 20,899,000 | 17,699,000 | 11,199,000 | 17,699,000 | 21,137,000 | 9,700,000 | |||||||||||||||||||||||||||
Credit facility, remaining borrowing capacity | 28,801,000 | 1,189,000 | 37,118,000 | ||||||||||||||||||||||||||||||
Proceeds from lines of credit | $10,000,000 | ||||||||||||||||||||||||||||||||
Interest rate, period | 1.43% | ||||||||||||||||||||||||||||||||
Percent of eligible accounts receivable | 80.00% |
ShortTerm_and_LongTerm_Obligat4
Short-Term and Long-Term Obligations - Long-Term Obligations (Details) | Mar. 31, 2015 | Jun. 30, 2014 | Mar. 31, 2015 | Jun. 30, 2014 | Oct. 30, 2011 | Oct. 30, 2011 | Nov. 30, 2013 | Nov. 30, 2013 | Oct. 31, 2011 | Nov. 30, 2013 | Nov. 30, 2013 | Jun. 30, 2014 | Nov. 30, 2013 | Nov. 30, 2013 | Jun. 30, 2014 | Oct. 31, 2011 | Mar. 31, 2015 | Jun. 30, 2014 | Oct. 31, 2011 | Jul. 31, 2012 | Jun. 30, 2014 | Nov. 30, 2013 | Nov. 30, 2013 | Nov. 30, 2013 | Nov. 30, 2013 | Nov. 30, 2013 | Mar. 31, 2015 | Mar. 31, 2015 | Jul. 31, 2012 | Jul. 31, 2012 | Mar. 31, 2015 | Jun. 30, 2014 | Mar. 31, 2015 | Jun. 30, 2014 |
Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | CTBC [Member] | CTBC [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Term Loan [Member] | Bank of America Credit Agreement [Member] | Bank of America Credit Agreement [Member] | Term Loan [Member] | Term Loan [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | |
Maximum [Member] | Maximum [Member] | Minimum [Member] | Minimum [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | CTBC [Member] | CTBC [Member] | Bank of America [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | USD ($) | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | CTBC [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | CTBC 2013 Facility [Member] | Bank of America [Member] | Bank of America [Member] | CTBC [Member] | CTBC [Member] | Bank of America [Member] | Bank of America [Member] | Bank of America [Member] | CTBC 2013 Facility [Member] | |
USD ($) | TWD | USD ($) | TWD | Revolving Credit Facility [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | USD ($) | USD ($) | USD ($) | London Interbank Offered Rate (LIBOR) [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | CTBC [Member] | Consecutive_Quarters | Minimum [Member] | USD ($) | TWD | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | CTBC [Member] | |||||||
USD ($) | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | CTBC's Established NTD Interest Rate [Member] | CTBC's Established USD Interest Rate [Member] | Building | USD ($) | Secured Debt [Member] | Secured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | CTBC's Established NTD Interest Rate [Member] | USD ($) | USD ($) | USD ($) | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | |||||||||||||||||
USD ($) | TWD | USD ($) | Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | USD ($) | TWD | USD ($) | TWD | Secured Debt [Member] | USD ($) | ||||||||||||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||
Credit facility, maximum borrowing capacity | $9,898,000 | 300,000,000 | $33,981,000 | 1,000,000,000 | $40,000,000 | $16,991,000 | 500,000,000 | $23,787,000 | 700,000,000 | $3,398,000 | 100,000,000 | |||||||||||||||||||||||
Term loan, face amount | 14,000,000 | 14,912,000 | 450,000,000 | |||||||||||||||||||||||||||||||
Number of buildings as collateral | 3 | |||||||||||||||||||||||||||||||||
Credit facility, basis spread on variable rate | 0.25% | 0.30% | 1.50% | 0.30% | 0.25% | 1.25% | ||||||||||||||||||||||||||||
Interest rate, period end | 1.67% | 1.65% | 0.82% | 1.19% | 1.15% | |||||||||||||||||||||||||||||
Credit facility, unused amount | 28,801,000 | |||||||||||||||||||||||||||||||||
Credit facility, term | 13 months | 13 months | 5 years | 13 months | 13 months | 13 months | 13 months | |||||||||||||||||||||||||||
Percent of eligible accounts receivable | 80.00% | 80.00% | ||||||||||||||||||||||||||||||||
Long-term debt, total outstanding balance | 0 | 28,588,000 | 4,433,000 | 6,533,000 | 22,055,000 | 0 | ||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||
Amount of assets as collateral for credit facility | $17,411,000 | $17,584,000 | $27,345,000 | $916,396,000 | $751,396,000 |
RelatedParty_and_Other_Transac1
Related-Party and Other Transactions (Details) (USD $) | 3 Months Ended | 9 Months Ended | 1 Months Ended | |||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | 31-May-12 | Jun. 30, 2014 |
Related Party Transaction [Line Items] | ||||||
Net sales to Ablecom | $6,067 | $3,418 | $43,524 | $10,805 | ||
Amounts owed to the Company by Ablecom | 4,602 | 4,602 | 621 | |||
Amounts owed to Ablecom by the Company | 51,922 | 51,922 | 48,969 | |||
Outstanding purchase order | 491,188 | 491,188 | 211,090 | |||
Super Micro Business Park, Inc. [Member] | Variable Interest Entity, Primary Beneficiary [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Contribution in variable interest entity | 168 | |||||
Ownership percentage of Super Micro Business Park, Inc. | 50.00% | |||||
Affiliated Entity [Member] | Compuware [Member] | Ablecom [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Investment ownership percentage by Ablecom | 50.00% | 50.00% | ||||
Affiliated Entity [Member] | Ablecom [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Purchases from Ablecom | 58,002 | 45,398 | 169,918 | 145,139 | ||
Net sales to Ablecom | 6,067 | 3,418 | 43,524 | 10,805 | ||
Amounts owed to the Company by Ablecom | 4,602 | 4,602 | 621 | |||
Amounts owed to Ablecom by the Company | 51,922 | 51,922 | 48,969 | |||
Tooling assets and miscellaneous costs paid to Ablecom | 231 | 2,187 | 4,728 | 5,923 | ||
Outstanding purchase order | 88,593 | 88,593 | 64,464 | |||
Affiliated Entity [Member] | Ablecom [Member] | Minimum [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Majority of invoiced paid to Ablecom, number of days | 48 days | |||||
Affiliated Entity [Member] | Ablecom [Member] | Maximum [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Majority of invoiced paid to Ablecom, number of days | 105 days | |||||
Investee [Member] | Super Micro [Member] | Ablecom [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Investment ownership percentage by Ablecom | 0.60% | 0.60% | ||||
Investee [Member] | Ablecom [Member] | Charles Liang and His Wife [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Investment ownership percentage by Ablecom | 10.50% | 10.50% | ||||
Management and Immediate Family Member of Management [Member] | Ablecom [Member] | Steve Liang and Other Family Members [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Investment ownership percentage by Ablecom | 42.90% | 42.90% | ||||
Co-venturer [Member] | Ablecom [Member] | Selling, General and Administrative Expenses [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Net income (loss) attributable to Ablecom's interest | $4 | $6 | ($3) | ($7) |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Income Tax Holiday [Line Items] | ||||
Income tax provision | $8,136 | $4,752 | $30,234 | $15,649 |
Effective tax rate | 26.10% | 22.30% | 28.70% | 29.40% |
Unrecognized tax benefits that would impact effective tax rate, if recognized | 11,728 | 11,728 | ||
Unrecognized tax benefits, income tax penalties and interest accrued | $841 | $841 |
Commitment_and_Contingencies_D
Commitment and Contingencies (Details) (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | ||
Long-term And Short-term Purchase Commitment [Line Items] | ||
Purchase commitments, total | $491,188 | $211,090 |
Hard Disk Drive Commitment [Member] | ||
Long-term And Short-term Purchase Commitment [Line Items] | ||
Purchase commitments, hard disk drives | $237,389 | $45,210 |
Segment_Reporting_Segment_Repo
Segment Reporting - Segment Reporting of Net Sales by Geographic Region (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Net sales | $471,225 | $373,755 | $1,417,561 | $1,039,133 |
UNITED STATES | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Net sales | 273,631 | 203,638 | 803,757 | 558,423 |
Europe [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Net sales | 88,259 | 81,165 | 269,404 | 237,327 |
Asia [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Net sales | 74,772 | 78,373 | 241,785 | 215,556 |
Other region [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Net sales | $34,563 | $10,579 | $102,615 | $27,827 |
Segment_Reporting_Segment_Repo1
Segment Reporting - Segment Reporting of Long-Lived Assets (Details) (USD $) | Mar. 31, 2015 | Jun. 30, 2014 |
In Thousands, unless otherwise specified | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | $153,332 | $130,589 |
UNITED STATES | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | 115,288 | 94,119 |
Asia [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | 37,754 | 36,123 |
Europe [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long-lived assets | $290 | $347 |
Segment_Reporting_Segment_Repo2
Segment Reporting - Segment Reporting of Net Sales by Product Type (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Jun. 30, 2014 |
Customer | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | $471,225 | $373,755 | $1,417,561 | $1,039,133 | |
Net Sales [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Percent of net sales | 100.00% | 100.00% | 100.00% | 100.00% | |
Net Sales [Member] | Customer Concentration Risk [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Percent of net sales | 13.90% | 12.50% | |||
Concentration, number of customers | 1 | 0 | 1 | 0 | |
Net Sales [Member] | Geographic Concentration Risk [Member] | International [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Concentration, International countries | 0 | 0 | 0 | 0 | |
Accounts Receivable [Member] | Credit Concentration Risk [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Concentration, number of customers | 0 | 0 | |||
Server systems [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | 301,953 | 187,282 | 859,818 | 504,637 | |
Server systems [Member] | Net Sales [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Percent of net sales | 64.10% | 50.10% | 60.70% | 48.60% | |
Subsystems and accessories [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Net sales | $169,272 | $186,473 | $557,743 | $534,496 | |
Subsystems and accessories [Member] | Net Sales [Member] | |||||
Segment Reporting Information [Line Items] | |||||
Percent of net sales | 35.90% | 49.90% | 39.30% | 51.40% |