Telenav 10-Q 8 Feb 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Dec. 31, 2017shares
Document and Entity Information [Abstract]
Entity Registrant Name	TELENAV, INC.
Entity Central Index Key	1,474,439
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding	44,551,830

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Current assets:
Cash and cash equivalents	$ 13,956	$ 20,757	[1]
Short-term investments	76,773	77,598	[1]
Accounts receivable, net of allowances of $112 and $75 at December 31, 2017 and June 30, 2017, respectively	52,287	57,834	[1]
Restricted cash	3,404	3,401	[1]
Income taxes receivable	32	34	[1]
Deferred costs	19,545	11,703	[1]
Prepaid expenses and other current assets	4,392	3,988	[1]
Total current assets	170,389	175,315	[1]
Property and equipment, net	7,138	4,658	[1]
Deferred income taxes, non-current	958	900	[1]
Goodwill and intangible assets, net	34,278	34,844	[1]
Deferred costs, non-current	75,362	42,389	[1]
Other assets	1,877	1,454	[1]
Total assets	290,002	259,560	[1]
Current liabilities:
Trade accounts payable	4,676	6,151	[1]
Accrued expenses	51,350	51,528
Deferred revenue	31,908	20,345	[1]
Income taxes payable	138	197	[1]
Total current liabilities	88,072	78,221	[1]
Deferred rent, non-current	710	996	[1]
Deferred revenue, non-current	115,689	67,056	[1]
Other long-term liabilities	1,073	1,139	[1]
Commitments and contingencies			[1]
Stockholders’ equity:
Preferred stock, $0.001 par value: 50,000 shares authorized; no shares issued or outstanding	0	0	[1]
Common stock, $0.001 par value: 600,000 shares authorized; 44,552 and 43,946 shares issued and outstanding at December 31, 2017 and June 30, 2017, respectively	45	44	[1]
Additional paid-in capital	163,663	159,666	[1]
Accumulated other comprehensive loss	(1,576)	(1,934)	[1]
Accumulated deficit	(77,674)	(45,628)	[1]
Total stockholders’ equity	84,458	112,148	[1]
Total liabilities and stockholders’ equity	$ 290,002	$ 259,560	[1]
[1]	Derived from audited consolidated financial statements as of and for the year ended June 30, 2017.

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 112	$ 75
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	600,000,000	600,000,000
Common stock, shares issued (in shares)	44,552,000	43,946,000
Common stock, shares outstanding (in shares)	44,552,000	43,946,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Revenue:
Product	$ 25,307,000	$ 37,804,000	$ 49,271,000	$ 67,227,000
Services	13,773,000	14,197,000	26,467,000	27,001,000
Total revenue	39,080,000	52,001,000	75,738,000	94,228,000
Cost of revenue:
Product	15,053,000	22,598,000	29,727,000	40,359,000
Services	7,258,000	6,129,000	13,431,000	11,844,000
Total cost of revenue	22,311,000	28,727,000	43,158,000	52,203,000
Gross profit	16,769,000	23,274,000	32,580,000	42,025,000
Operating expenses:
Research and development	21,903,000	16,301,000	42,985,000	34,319,000
Sales and marketing	5,136,000	5,277,000	10,200,000	10,545,000
General and administrative	5,514,000	6,872,000	10,725,000	12,363,000
Legal settlement and contingencies	60,000	6,424,000	310,000	6,424,000
Total operating expenses	32,613,000	34,874,000	64,220,000	63,651,000
Loss from operations	(15,844,000)	(11,600,000)	(31,640,000)	(21,626,000)
Other income (expense), net	218,000	714,000	171,000	1,010,000
Loss before provision for income taxes	(15,626,000)	(10,886,000)	(31,469,000)	(20,616,000)
Provision for income taxes	26,000	537,000	281,000	142,000
Net loss	$ (15,652,000)	$ (11,423,000)	$ (31,750,000)	$ (20,758,000)
Net loss per share:
Basic and diluted (in dollars per share)	$ (0.35)	$ (0.26)	$ (0.71)	$ (0.48)
Weighted average shares used in computing net loss per share:
Weighted average common shares, basic and diluted (shares)	44,476	43,208	44,495	42,932
Stock compensation expense included above:
Stock-based compensation expense	$ 2,888,000	$ 1,988,000	$ 5,368,000	$ 4,529,000
Cost of revenue
Stock compensation expense included above:
Stock-based compensation expense	38,000	35,000	73,000	64,000
Research and development
Stock compensation expense included above:
Stock-based compensation expense	1,649,000	897,000	3,044,000	2,387,000
Sales and marketing
Stock compensation expense included above:
Stock-based compensation expense	481,000	536,000	919,000	1,030,000
General and administrative
Stock compensation expense included above:
Stock-based compensation expense	$ 720,000	$ 520,000	$ 1,332,000	$ 1,048,000

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (15,652)	$ (11,423)	$ (31,750)	$ (20,758)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of tax	206	(661)	565	(595)
Available-for-sale securities:
Unrealized gain (loss) on available-for-sale securities, net of tax	(241)	(298)	(213)	(437)
Reclassification adjustments for gain (loss) on available-for-sale securities recognized, net of tax	6	(5)	6	(10)
Net increase (decrease) from available-for-sale securities, net of tax	(235)	(303)	(207)	(447)
Other comprehensive income (loss), net of tax	(29)	(964)	358	(1,042)
Comprehensive loss	$ (15,681)	$ (12,387)	$ (31,392)	$ (21,800)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2017		Dec. 31, 2016
Operating activities
Net loss	$ (31,750)		$ (20,758)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,513		1,260
Deferred rent reversal due to lease termination	(538)		0
Tenant improvement allowance recognition due to lease termination	(582)		0
Accretion of net premium on short-term investments	113		237
Stock-based compensation expense	5,368		4,529
Loss (gain) on disposal of property and equipment	6		(2)
Bad debt expense	37		125
Changes in operating assets and liabilities:
Accounts receivable	5,545		(5,724)
Deferred income taxes	(23)		226
Restricted cash	(3)		1,015
Income taxes receivable	2		39
Deferred costs	(40,815)		(6,704)
Prepaid expenses and other current assets	(476)		580
Other assets	(620)		98
Trade accounts payable	(1,563)		5,309
Accrued expenses and other liabilities	(263)		3,945
Income taxes payable	(61)		154
Deferred rent	767		44
Deferred revenue	60,196		12,728
Net cash used in operating activities	(3,147)		(2,899)
Investing activities
Purchases of property and equipment	(3,350)		(531)
Purchases of short-term investments	(32,817)		(37,788)
Proceeds from sales and maturities of short-term investments	33,322		39,392
Proceeds from sales of long-term investments	0		246
Net cash (used in) provided by investing activities	(2,845)		1,319
Financing activities
Proceeds from exercise of stock options	235		159
Tax withholdings related to net share settlements of restricted stock units	(1,606)		(1,638)
Net cash used in financing activities	(1,371)		(1,479)
Effect of exchange rate changes on cash and cash equivalents	562		(596)
Net decrease in cash and cash equivalents	(6,801)		(3,655)
Cash and cash equivalents, at beginning of period	20,757	[1]	21,349
Cash and cash equivalents, at end of period	13,956		17,694
Supplemental disclosure of cash flow information
Income taxes paid, net	$ 640		$ 1,410
[1]	Derived from audited consolidated financial statements as of and for the year ended June 30, 2017.

Summary of business and signifi

Summary of business and significant accounting policies	6 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of business and significant accounting policies	Summary of business and significant accounting policies Description of business Telenav, Inc., also referred to in this report as “we,” “our” or “us,” was incorporated in September 1999 in the State of Delaware. We are a leading provider of connected car and location-based platform products and services. We utilize our automotive navigation platform and our advertising delivery platform to deliver these products and services. Our automotive navigation platform allows us to deliver enhanced location-based services to automobile manufacturers, as well as original equipment manufacturers and tier one suppliers, to which we refer collectively as OEMs. Our advertising delivery platform, which we provide through our Thinknear subsidiary, delivers highly targeted advertising services leveraging our location expertise. We operate in three segments - automotive, advertising and mobile navigation. Our fiscal year ends on June 30, and in this report we refer to the fiscal year ended June 30, 2017 as “fiscal 2017 ” and the fiscal year ending June 30, 2018 as “fiscal 2018 .” Basis of presentation The unaudited condensed consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP. The condensed consolidated financial statements include the accounts of Telenav, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements include all adjustments (consisting only of normal recurring adjustments) that our management believes are necessary for a fair presentation of the periods presented. These interim financial results are not necessarily indicative of results expected for the full fiscal year or for any subsequent interim period. Our condensed consolidated financial statements also include the financial results of Shanghai Jitu Software Development Ltd., or Jitu, located in China. Based on our contractual arrangements with the shareholders of Jitu, we have determined that Jitu is a variable interest entity, or VIE, for which we are the primary beneficiary and are required to consolidate in accordance with Accounting Standards Codification, or ASC, subtopic 810-10, or ASC 810-10, Consolidation: Overall . The results of Jitu did not have a material impact on our financial statements for the three and six months ended December 31, 2017 and 2016 . The condensed consolidated financial statements and related financial information should be read in conjunction with the audited consolidated financial statements and the related notes thereto for fiscal 2017 , included in our Annual Report on Form 10-K for fiscal 2017 filed with the U.S. Securities and Exchange Commission, or SEC, on August 25, 2017. There have been no material changes to our significant accounting policies as compared to the significant accounting policies described in our Form 10-K for fiscal 2017. Use of estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions made by us include the determination of revenue recognition and deferred revenue, the recoverability of accounts receivable and short-term investments, the determination of acquired intangibles and assessment of goodwill for impairment, the fair value of stock-based awards issued, the determination of income taxes and the recoverability of deferred tax assets. Actual results could differ from those estimates. Concentrations of risk and significant customers Revenue related to products and services provided through Ford Motor Company and affiliated entities, or Ford, comprised 65% and 70% of revenue for the three months ended December 31, 2017 and 2016 , respectively, and 65% and 69% of revenue for the six months ended December 31, 2017 and 2016 , respectively. As of December 31, 2017 and June 30, 2017 , receivables due from Ford were 58% and 74% of total accounts receivable, respectively. Restricted cash As of December 31, 2017 and June 30, 2017 , we had restricted cash of $3.4 million on our consolidated balance sheets, comprised primarily of prepayments from a customer. Accumulated other comprehensive loss, net of tax The components of accumulated other comprehensive loss, net of related taxes, and activity as of December 31, 2017 , were as follows (in thousands): Foreign Currency Unrealized Total Balance, net of tax as of June 30, 2017 $ (1,701 ) $ (233 ) $ (1,934 ) Other comprehensive income (loss) before reclassifications, net of tax 565 (213 ) 352 Amount reclassified from accumulated other comprehensive loss, net of tax — 6 6 Other comprehensive income, net of tax 565 (207 ) 358 Balance, net of tax as of December 31, 2017 $ (1,136 ) $ (440 ) $ (1,576 ) The amount of income tax benefit allocated to each component of accumulated other comprehensive loss was not material for the three and six months ended December 31, 2017 . Long-term investments As of December 31, 2017 , the carrying value of our investments in privately held companies totaled $708,000 . These investments are accounted for as cost method investments, as we own less than 20% of the voting securities and do not have the ability to exercise significant influence over operating and financial policies of the entities. We regularly evaluate the carrying value of these cost method investments for impairment. We did not record any impairment charges for cost method investments during the six months ended December 31, 2017 and 2016 . Recent accounting pronouncements In October 2016, the FASB issued new guidance which is intended to eliminate diversity in practice and provide a more accurate depiction of the tax consequences on intercompany asset transfers (excluding inventory). The new guidance removes the current prohibition against immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. The new standard is effective for us in our first quarter of fiscal 2019 and requires a modified retrospective method of adoption. We adopted early this standard under the modified retrospective method on July 1, 2017, and the adoption resulted in the elimination of prepaid taxes of $287,000 with a corresponding increase in accumulated deficit. In March 2016, the FASB issued new guidance to revise aspects of stock-based compensation guidance which include income tax consequences, classification of awards as equity or liabilities, and classification on the statement of cash flows. The new standard is effective for us in our first quarter of fiscal 2018. We adopted this standard on July 1, 2017. As required by the standard, excess tax benefits recognized on stock-based compensation expense are reflected in our condensed consolidated statements of operations as a component of the provision for income taxes rather than paid-in capital on a prospective basis. We also elected to prospectively apply the change in presentation of excess tax benefits wherein excess tax benefits recognized on stock-based compensation expense are classified as operating activities in our condensed consolidated statements of cash flows. Since we do not recognize tax benefits on our net operating losses as well as excess tax benefits due to our full valuation allowance, this standard does not have a material impact on our condensed consolidated statements of operations or statements of cash flows. The cumulative effect to retained earnings from previously unrecognized excess tax benefits, after offset by the related valuation allowance, was not material to our condensed consolidated balance sheets. Presentation requirements for cash flows related to employee taxes paid for withheld shares had no impact to all periods presented as such cash flows have historically been presented as financing activities. Further, we did not elect an accounting policy change to record forfeitures as they occur and thus we continue to estimate forfeitures at each period. With the exception of the new standards discussed above, there have been no other recent accounting pronouncements or changes in accounting pronouncements during the six months ended December 31, 2017 , as compared to the recent accounting pronouncements described in our Annual Report on Form 10-K for fiscal 2017, that are of significance or potential significance to us, other than the following update: In May 2014, the FASB issued guidance related to revenue from contracts with customers, which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. Under this new guidance, ASC 606, Revenue from Contracts with Customers, or ASC 606, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. In conjunction with this new revenue guidance, a new subtopic, ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers, was also issued. The new guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The updated standard will replace most existing revenue recognition and certain cost guidance under GAAP when it becomes effective and permits the use of either the full retrospective or cumulative effect transition method. In August 2015, the FASB deferred the effective date of this guidance by one year. The updated standard will be effective for us in the first quarter of fiscal 2019; accordingly, we will adopt ASC 606 effective July 1, 2018. While we are in the process of selecting a transition method, we anticipate this standard will have a material impact on our consolidated financial statements. Even though our assessment of the impact of this standard is not complete, we currently believe there will not be any significant impact on our advertising and mobile navigation business segments. We do believe there will be a significant impact on the recognition of revenue for certain of our automotive value-added and combined offerings, such as on-board navigation with map updates, and on-board and connected navigation. We anticipate our revenue recognition for certain of these offerings may change with respect to software and software related elements in the following manner: a) we may no longer recognize revenue over the life of our contractual obligations, and b) we may no longer defer substantially all revenue pending the delivery of future specified upgrades. Instead, to the extent delivered software represents a distinct performance obligation for which transfer of control has taken place, such revenue would be recorded either upon delivery or as the software is used. In addition, in conjunction with the adoption of ASC 340-40, we anticipate additional capitalization of certain research and development costs that are expected to be recovered and that are incurred to fulfill obligations under certain actual or anticipated automotive contracts; under the new standard, such costs are then amortized consistent with the transfer of products and services to which the capitalized costs relate. Costs associated with software development would be recognized when transfer of the software occurs, and costs associated with connected services would be amortized over the service period. Our conclusions are subject to the completion of our assessment of the impact of the standard.

Net income (loss) per share

Net income (loss) per share	6 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Net income (loss) per share	Net income (loss) per share Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period, including potential dilutive common shares assuming the dilutive effect of outstanding stock options and restricted stock units using the treasury-stock method. The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended Six Months Ended 2017 2016 2017 2016 Net loss $ (15,652 ) $ (11,423 ) $ (31,750 ) $ (20,758 ) Weighted average common shares used in computing net loss per share, basic and diluted 44,476 43,208 44,495 42,932 Net loss per share, basic and diluted $ (0.35 ) $ (0.26 ) $ (0.71 ) $ (0.48 ) The following potential shares outstanding as of December 31, 2017 and 2016 were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect (in thousands): December 31, 2017 2016 Stock options 5,556 6,410 Restricted stock units 3,596 3,062 Total 9,152 9,472

Cash, cash equivalents and shor

Cash, cash equivalents and short-term investments	6 Months Ended
	Dec. 31, 2017
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Cash, cash equivalents and short-term investments	Cash, cash equivalents and short-term investments Cash and cash equivalents consist of highly liquid fixed-income investments with original maturities of three months or less at the time of purchase, including money market funds. Short-term investments consist of readily marketable securities with a remaining maturity of more than three months from the date of purchase. Short-term investments are classified as current assets, even though maturities may extend beyond one year, because they represent investments of cash available for operations. We classify all cash equivalents and short-term investments as “available for sale,” as these investments are free of trading restrictions. These marketable securities are carried at fair value, with the unrealized gains and losses, net of tax, reported as accumulated other comprehensive income (loss) and included as a separate component of stockholders’ equity. Gains and losses are recognized when realized. When we have determined that an other-than-temporary decline in fair value has occurred, the amount of the decline that is related to a credit loss is recognized in earnings. Gains and losses are determined using the specific identification method. We had no material realized gains or losses in the six months ended December 31, 2017 and 2016 . Cash, cash equivalents and short-term investments consisted of the following as of December 31, 2017 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 11,329 $ — $ — $ 11,329 Cash equivalents: Money market mutual funds 631 — — 631 Commercial paper 1,996 — — 1,996 Total cash equivalents 2,627 — — 2,627 Total cash and cash equivalents 13,956 — — 13,956 Short-term investments: U.S. treasury securities 2,985 — (10 ) 2,975 U.S. agency securities 3,051 — (25 ) 3,026 Asset-backed securities 9,476 2 (43 ) 9,435 Municipal securities 5,522 1 (3 ) 5,520 Commercial paper 3,735 — (2 ) 3,733 Corporate bonds 52,307 2 (225 ) 52,084 Total short-term investments 77,076 5 (308 ) 76,773 Cash, cash equivalents and short-term investments $ 91,032 $ 5 $ (308 ) $ 90,729 Cash, cash equivalents and short-term investments consisted of the following as of June 30, 2017 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 17,316 $ — $ — $ 17,316 Cash equivalents: Money market mutual funds 444 — — 444 Commercial paper 2,997 — — 2,997 Total cash equivalents 3,441 — — 3,441 Total cash and cash equivalents 20,757 — — 20,757 Short-term investments: U.S. treasury securities 1,476 — (3 ) 1,473 U.S. agency securities 2,553 — (16 ) 2,537 Asset-backed securities 9,707 8 (10 ) 9,705 Municipal securities 7,980 3 (1 ) 7,982 Commercial paper 4,240 — (1 ) 4,239 Foreign government securities 750 — — 750 Corporate bonds 50,987 24 (99 ) 50,912 Total short-term investments 77,693 35 (130 ) 77,598 Cash, cash equivalents and short-term investments $ 98,450 $ 35 $ (130 ) $ 98,355 The following table summarizes the cost and estimated fair value of short-term fixed income securities classified as short-term investments based on stated maturities as of December 31, 2017 (in thousands): Amortized Cost Estimated Fair Value Due within one year $ 32,846 $ 32,801 Due between one and two years 28,308 28,156 Due between two and three years 15,922 15,816 Total $ 77,076 $ 76,773 Declines in fair value judged to be other-than-temporary on securities available for sale are included as a component of other income (expense), net. In order to determine whether a decline in value is other-than-temporary, we evaluate, among other factors: the duration and extent to which the fair value has been less than the carrying value and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in fair market value. As of December 31, 2017 , we did not consider any of our investments to be other-than-temporarily impaired.

Fair value of financial instrum

Fair value of financial instruments	6 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair value of financial instruments	Fair value of financial instruments We measure certain financial instruments at fair value on a recurring basis. We utilize a hierarchy, which consists of three levels, for disclosure of the inputs used to determine the fair value of our financial instruments. Level 1 valuations are based on quoted prices in active markets for identical assets or liabilities. Level 2 valuations are based on inputs that are observable, either directly or indirectly, other than quoted prices included within Level 1. Such inputs used in determining fair value for Level 2 valuations include quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Where applicable, we use quoted prices in active markets for similar assets to determine fair value of Level 2 short-term investments. If quoted prices in active markets for identical assets are not available to determine fair value, we use quoted prices for similar assets and liabilities or inputs that are observable either directly or indirectly. If quoted prices for identical or similar assets are not available, we use third party valuations utilizing underlying assets assumptions. All of our cash equivalents and short-term investments are classified within Level 1 or Level 2. As of December 31, 2017 and June 30, 2017 , we did not have any investments that require Level 3 valuations. The fair values of these financial instruments were determined using the following inputs at December 31, 2017 (in thousands): Fair Value Measurements at December 31, 2017 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Total (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 631 $ 631 $ — $ — Commercial paper 1,996 — 1,996 — Total cash equivalents 2,627 631 1,996 — Short-term investments: U.S. treasury securities 2,975 2,975 — — U.S. agency securities 3,026 — 3,026 — Asset-backed securities 9,435 — 9,435 — Municipal securities 5,520 — 5,520 — Commercial paper 3,733 — 3,733 — Corporate bonds 52,084 — 52,084 — Total short-term investments 76,773 2,975 73,798 — Cash equivalents and short-term investments $ 79,400 $ 3,606 $ 75,794 $ — The fair values of our financial instruments were determined using the following inputs at June 30, 2017 (in thousands): Fair Value Measurements at June 30, 2017 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Total (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 444 $ 444 $ — $ — Commercial paper 2,997 — 2,997 — Total cash equivalents 3,441 444 2,997 — Short-term investments: U.S. treasury securities 1,473 1,473 — — U.S. agency securities 2,537 — 2,537 — Asset-backed securities 9,705 — 9,705 — Municipal securities 7,982 — 7,982 — Commercial paper 4,239 — 4,239 — Foreign government securities 750 — 750 — Corporate bonds 50,912 — 50,912 — Total short-term investments 77,598 1,473 76,125 — Cash equivalents and short-term investments $ 81,039 $ 1,917 $ 79,122 $ — Amortization of net premium on short-term investments totaled $113,000 and $237,000 in the six months ended December 31, 2017 and 2016 , respectively. There were no transfers between Level 1 and Level 2 financial instruments in the six months ended December 31, 2017 and 2016 . We did not have any financial liabilities measured at fair value on a recurring basis as of December 31, 2017 or June 30, 2017 .

Balance sheet information

Balance sheet information	6 Months Ended
	Dec. 31, 2017
Balance Sheet Related Disclosures [Abstract]
Balance sheet information	Balance sheet information Goodwill and intangible assets, net Goodwill as of December 31, 2017 and June 30, 2017 was $31.3 million . We have not recognized any impairment of goodwill through December 31, 2017 . Total goodwill for our mobile navigation segment as of December 31, 2017 was $2.7 million . Intangible assets consisted of the following (in thousands): December 31, June 30, Acquired developed technology $ 13,875 $ 13,875 Less accumulated amortization (10,925 ) (10,359 ) Intangible assets, net $ 2,950 $ 3,516 Acquired developed technology is amortized on a straight-line basis over the expected useful life. Amortization expense related to intangibles was $283,000 and $258,000 for the three months ended December 31, 2017 and 2016 , respectively, and $566,000 and $518,000 for the six months ended December 31, 2017 and 2016 , respectively. As of December 31, 2017 , remaining amortization expense for intangible assets by fiscal year is as follows: $567,000 in fiscal 2018, $1.0 million in fiscal 2019, $872,000 in fiscal 2020 and $509,000 in fiscal 2021. Accrued expenses Accrued expenses consisted of the following (in thousands): December 31, June 30, Accrued compensation and benefits $ 10,525 $ 10,554 Accrued royalties 28,648 28,179 Customer overpayments and related reserves 5,711 5,940 Other accrued expenses 6,466 6,855 Total accrued expenses $ 51,350 $ 51,528

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies Operating lease and purchase obligations In August 2017, we terminated our sublease with Avaya Inc. for our Santa Clara, California headquarters facility and signed a new direct lease agreement, effective in September 2017, for this same facility. The new lease term is six years, expiring in September 2023 . We have a one-time option to extend the new facility lease for an additional three years at the prevailing market rate, as defined in the lease agreement. In connection with the sublease termination agreement, we recorded the following amounts during the six months ended December 31, 2017 : i) the reversal of $538,000 of deferred rent related to the sublease, with an offsetting credit to rent expense, as amortization of this deferred rent liability is no longer required, and ii) the recognition of $582,000 of tenant improvement allowance related to the sublease, with an offsetting credit to depreciation expense, as amortization of this allowance is no longer required. As of December 31, 2017 , we had future minimum non-cancelable financial commitments primarily related to office space under non-cancelable operating leases and license fees due to certain of our third party content providers, regardless of usage level. The aggregate future minimum commitments were comprised of the following (in thousands): Payments Due by Period Total Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Thereafter Operating lease obligations $ 18,215 $ 1,856 $ 4,132 $ 3,962 $ 2,868 $ 2,662 $ 2,735 Purchase obligations 7,751 2,526 2,208 941 415 415 1,246 Total contractual obligations $ 25,966 $ 4,382 $ 6,340 $ 4,903 $ 3,283 $ 3,077 $ 3,981 Contingencies From time to time, we may become involved in legal proceedings, claims and litigation arising in the ordinary course of business. When we believe a loss or a cost of indemnification is probable and can be reasonably estimated, we accrue the estimated loss or cost of indemnification in our consolidated financial statements. Where the outcome of these matters is not determinable, we do not make a provision in our financial statements until the loss or cost of indemnification, if any, is probable and can be reasonably estimated or the outcome becomes known. We expense legal fees related to these matters as they are incurred. On July 28, 2016, Nathan Gergetz filed a putative class action complaint in the U.S. District Court for the Northern District of California, alleging that Telenav violated the Telephone Consumer Protection Act, or TCPA. The complaint purports to be filed on behalf of a class, and it alleges that Telenav caused unsolicited text messages to be sent to the plaintiff from July 6, 2016 to July 26, 2016. Plaintiffs seek statutory and actual damages under the TCPA law, attorneys’ fees and costs of the action, and an injunction to prevent any future violations. Telenav moved to dismiss the complaint on November 21, 2016 and a hearing was held on December 21, 2017. A settlement has been reached and the court set a deadline for March 5, 2018 for plaintiff to file a motion for preliminary approval of class action settlement. The court set that motion for hearing on April 26, 2018. The proposed settlement will be paid by our technology errors and omissions liability insurance policy, after payment of our deductible of $250,000 . We accrued the $250,000 deductible payment in the three months ended December 31, 2017 , and recorded this amount as general and administrative expense in our consolidated statement of operations. In addition, we have received, and expect to continue to receive, demands for indemnification from our customers, which demands can be very expensive to settle or defend, and we have in the past offered to contribute to settlement amounts and incurred legal fees in connection with certain of these indemnity demands. A number of these indemnity demands, including demands relating to pending litigation, remain outstanding and unresolved as of the date of this Form 10-Q. Furthermore, in response to these demands we may be required to assume control of and bear all costs associated with the defense of our customers in compliance with our contractual commitments. At this time, we are not a party to the following cases; however, our customers requested that we indemnify them in connection with such cases. In August 2017, AT&T Mobility LLC (AT&T) and Sprint Spectrum L.P. (Sprint) sent Telenav indemnification requests relating to patent infringement lawsuits brought by Location Based Services LLC, alleging patent infringement by the AT&T Navigator system and App for iOS and Android, and the Sprint Scout System and the Sprint Scout App for iOS and Android. Location Based Services LLC filed separate lawsuits against AT&T and Sprint in the U.S. District Court for the Eastern District of Texas, asserting five U.S. Patents. Telenav agreed to indemnify and defend AT&T and Sprint in connection with these matters. We accrued $250,000 related to these matters in the six months ended December 31, 2017 , and recorded this amount as legal settlement and contingencies expense in our consolidated statement of operations. On November 22, 2017, Location Based Services LLC entered into a Settlement and License Agreement with Telenav for the patents in suit and 15 other patents assigned to Location Based Services LLP. On November 2017, AT&T Mobility LLC sent Telenav indemnification requests related to a patent infringement lawsuit brought by Traxcell Technologies, LLC, alleging patent infringement by the AT&T Navigator system. Traxcell Technologies, LLC filed patent infringement lawsuits against AT&T in the U.S. District Court for the Eastern District of Texas. On November 29, 2017, AT&T filed and was granted an unopposed application for extension of time to answer complaint. On December 14, 2017, AT&T filed a second unopposed application for extension of time to answer complaint. On December 13, 2017, Telenav’s counsel sent a letter to AT&T’s counsel challenging the indemnification claim by AT&T. On January 8, 2018, Telenav’s counsel proposed an offer of $50,000 to Plaintiff’s counsel, and we recorded this amount as legal settlement and contingencies expense in our consolidated statement of operations for the three months ended December 31, 2017 .

Guarantees and indemnifications

Guarantees and indemnifications	6 Months Ended
	Dec. 31, 2017
Guarantees [Abstract]
Guarantees and indemnifications	Guarantees and indemnifications Our agreements with our customers generally include certain provisions for indemnifying them against liabilities if our products and services infringe a third party’s intellectual property rights or for other specified matters. We have in the past received indemnification requests or notices of their intent to seek indemnification in the future from our customers with respect to specific litigation claims in which our customers have been named as defendants. The maximum amount of potential future indemnification is unlimited. We have agreed to indemnify our directors, officers and certain other employees for certain events or occurrences, subject to certain limits, while such persons are or were serving at our request in such capacity. We may terminate the indemnification agreements with these persons upon the termination of their services with us, but termination will not affect claims for indemnification related to events occurring prior to the effective date of termination. The maximum amount of potential future indemnification is unlimited. We have a directors and officers insurance policy that limits our potential exposure. We believe that any financial exposure related to these indemnification agreements is not material.

Stock-based compensation

Stock-based compensation	6 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation	Stock-based compensation Under our 2009 Equity Incentive Plan and 2011 Stock Option and Grant Plan, eligible employees, directors and consultants are able to participate in our future performance through awards of nonqualified stock options, incentive stock options and restricted stock units as authorized by our board of directors. In addition, we have granted restricted common stock in connection with certain acquisitions. A summary of our stock option activity is as follows (in thousands except per share and contractual life amounts): Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Options outstanding as of June 30, 2017 5,708 $ 6.47 Granted 68 $ 5.54 Exercised (51 ) $ 4.61 Canceled or expired (169 ) $ 7.11 Options outstanding as of December 31, 2017 5,556 $ 6.46 6.21 $ 846 As of December 31, 2017: Options vested and expected to vest 5,325 $ 6.49 6.12 $ 790 Options exercisable 3,652 $ 6.71 5.11 $ 433 A summary of our restricted stock unit, or RSU, activity is as follows (in thousands except contractual life amounts): Number of Shares Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value RSUs outstanding as of June 30, 2017 3,005 Granted 1,684 Vested (812 ) Canceled (281 ) RSUs outstanding as of December 31, 2017 3,596 1.63 $ 19,959 As of December 31, 2017: RSUs expected to vest 2,986 1.50 $ 16,572 During the six months ended December 31, 2017 , pursuant to the annual increase provisions of our 2009 Equity Incentive Plan, the number of shares available for grant under this plan increased by 1,666,666 shares. A summary of our shares available for grant activity is as follows (in thousands): Number of Shares Shares available for grant as of June 30, 2017 1,899 Additional shares authorized 1,667 Granted (1,752 ) RSUs withheld for taxes in net share settlements 256 Canceled 450 Shares available for grant as of December 31, 2017 2,520 The following table summarizes the stock-based compensation expense recorded for stock options and RSUs issued to employees and nonemployees (in thousands): Three Months Ended Six Months Ended 2017 2016 2017 2016 Stock option awards $ 577 $ 553 $ 1,173 $ 1,027 RSU awards 2,311 1,435 4,195 3,502 Total stock-based compensation expense $ 2,888 $ 1,988 $ 5,368 $ 4,529 We use valuation pricing models to determine the fair value of stock-based awards. The determination of the fair value of stock-based payment awards on the date of grant is affected by the stock price as well as assumptions regarding a number of complex and subjective variables. These variables include expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behaviors, risk-free interest rates and expected dividends. The weighted average assumptions used to value stock option awards granted and the resulting weighted average grant date fair value per share were as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 Expected volatility 42 % 39 % 42 % 39 % Expected term (in years) 4.74 4.45 4.75 4.19 Risk-free interest rate 2.00 % 1.82 % 2.00 % 1.24 % Dividend yield — % — % — % — % Weighted average grant date fair value per share $ 2.14 $ 1.72 $ 2.14 $ 1.66

Income taxes

Income taxes	6 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income taxes	Income taxes The effective tax rate for the periods presented is the result of the mix of forecasted fiscal year income earned or loss incurred in various tax jurisdictions that apply a broad range of income tax rates. Our provision for income taxes was $281,000 in the six months ended December 31, 2017 compared to $142,000 in the six months ended December 31, 2016 . Our provision for income taxes of $281,000 for the six months ended December 31, 2017 was comprised primarily of foreign withholding taxes and income taxes in foreign jurisdictions where we have profit, partially offset by a tax benefit from a tax holiday granted in China. Our provision for income taxes of $142,000 for the six months ended December 31, 2016 was comprised primarily of foreign withholding taxes on revenue generated in China and foreign income taxes, partially offset by a $1.0 million reversal of tax reserves resulting from our July 2016 settlement of the State of New York's audit of our income tax returns for fiscal 2010 through fiscal 2012. Our effective tax rate of less than 1% and 1% for the six months ended December 31, 2017 and 2016 , respectively, was less than the tax amount computed at the U.S. federal statutory income tax rate due primarily to losses for which no benefit will be recognized since they are not more likely than not to be realized due to the lack of current and future income and the inability to carryback losses within the two- year carryback period. We record liabilities related to unrecognized tax benefits in accordance with authoritative guidance on accounting for uncertain tax positions. As of December 31, 2017 and June 30, 2017 , our cumulative unrecognized tax benefits were $3.4 million and $3.0 million , respectively. Included in the balance of unrecognized tax benefits at December 31, 2017 and June 30, 2017 was $98,000 and $124,000 , respectively, that if recognized, would affect the effective tax rate. We recognize interest and penalties related to unrecognized tax benefits as part of our provision for federal, state and foreign income taxes. We accrued $89,000 and $91,000 for the payment of interest and penalties at December 31, 2017 and June 30, 2017 , respectively. We file income tax returns with the Internal Revenue Service, or IRS, California and various states and foreign tax jurisdictions in which we have filing obligations. The statute of limitations remains open for fiscal 2016 through fiscal 2017 for federal tax purposes, fiscal 2013 through fiscal 2017 in state jurisdictions, and fiscal 2012 through fiscal 2017 in foreign jurisdictions. Fiscal years outside the normal statute of limitation remain open to audit by tax authorities due to tax attributes generated in those early years which have been carried forward and may be audited in subsequent years when utilized. Due to operating losses in previous years and continued earnings volatility, we maintain a valuation allowance on the majority of our deferred tax assets. Our valuation allowance at June 30, 2017 was $50.1 million . In evaluating our ability to recover our deferred tax assets each quarter, we consider all available positive and negative evidence, including current and previous operating results, ability to carryback losses for a tax refund, and forecasts of future operating results. On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”), a tax reform bill which, among other items, reduces the current corporate federal income tax rate to 21% from 35%, was signed into law. The rate reduction is effective January 1, 2018. We have concluded that the Act will cause the Company’s deferred tax assets and deferred tax liabilities to be revalued. Deferred income taxes result from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in years in which those temporary differences are expected to be recovered or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through income tax expense. Due to the full valuation allowance placed against our U.S. deferred tax assets, any change in our gross deferred tax assets will have no impact to income tax expense. Based on currently available information, we estimate the value of deferred tax assets, net of liabilities will decrease by $18.8 million due to the reduction in the federal corporate tax rate, which will have no impact to income tax expense during the three months ended December 31, 2017 due to the full valuation allowance placed on the assets. Our revaluation of gross deferred tax assets is subject to further refinement as additional information becomes available and further analysis is completed.

Segments

Segments	6 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segments	Segments We report segment information based on the “management” approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of our reportable segments. Our chief executive officer, or CEO, the chief operating decision maker, reviews revenue and gross margin information for each of our reportable segments. In addition, with the exception of accounts receivable and goodwill and intangible assets, we do not identify or allocate our assets by the reportable segments. We report results in three business segments: Automotive - Our automotive segment utilizes our automotive navigation platform to deliver enhanced location-based services to automobile manufacturers, as well as OEMs. We provide both built-in, or on-board, and mobile device-based wireless connectivity, or brought-in, navigation solutions, as well as hybrid solutions that contain elements of on-board and connected functionality. Our on-board solutions consist of software, map and point of interest, or POI, data loaded in the vehicle that provides voice-guided turn by turn navigation displayed on the vehicle screen. These solutions are often enhanced with connected services which leverage our cloud to provide real-time traffic, online search and map updates. Advertising - Our advertising segment provides interactive mobile advertisements on behalf of our advertising clients to consumers based specifically on the location of the user and other sophisticated targeting capabilities. Our customers include advertisers and advertising agencies. Mobile Navigation - Our mobile navigation segment provides our map and navigation platform to end users through mobile devices. We distribute our services primarily through our wireless carrier partners. Our segment results for the three and six months ended December 31, 2017 and 2016 were as follows (dollars in thousands): Three Months Ended Six Months Ended 2017 2016 2017 2016 Automotive Revenue $ 26,838 $ 38,744 $ 52,142 $ 69,011 Cost of revenue 16,416 23,438 32,301 41,983 Gross profit $ 10,422 $ 15,306 $ 19,841 $ 27,028 Gross margin 39 % 40 % 38 % 39 % Advertising Revenue $ 8,742 $ 8,208 $ 16,357 $ 14,753 Cost of revenue 4,402 3,919 7,814 7,445 Gross profit $ 4,340 $ 4,289 $ 8,543 $ 7,308 Gross margin 50 % 52 % 52 % 50 % Mobile Navigation Revenue $ 3,500 $ 5,049 $ 7,239 $ 10,464 Cost of revenue 1,493 1,370 3,043 2,775 Gross profit $ 2,007 $ 3,679 $ 4,196 $ 7,689 Gross margin 57 % 73 % 58 % 73 % Total Revenue $ 39,080 $ 52,001 $ 75,738 $ 94,228 Cost of revenue 22,311 28,727 43,158 52,203 Gross profit $ 16,769 $ 23,274 $ 32,580 $ 42,025 Gross margin 43 % 45 % 43 % 45 %

Summary of business and signi17

Summary of business and significant accounting policies (Policies)	6 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of presentation The unaudited condensed consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP. The condensed consolidated financial statements include the accounts of Telenav, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The financial statements include all adjustments (consisting only of normal recurring adjustments) that our management believes are necessary for a fair presentation of the periods presented. These interim financial results are not necessarily indicative of results expected for the full fiscal year or for any subsequent interim period. Our condensed consolidated financial statements also include the financial results of Shanghai Jitu Software Development Ltd., or Jitu, located in China. Based on our contractual arrangements with the shareholders of Jitu, we have determined that Jitu is a variable interest entity, or VIE, for which we are the primary beneficiary and are required to consolidate in accordance with Accounting Standards Codification, or ASC, subtopic 810-10, or ASC 810-10, Consolidation: Overall . The results of Jitu did not have a material impact on our financial statements for the three and six months ended December 31, 2017 and 2016 . The condensed consolidated financial statements and related financial information should be read in conjunction with the audited consolidated financial statements and the related notes thereto for fiscal 2017 , included in our Annual Report on Form 10-K for fiscal 2017 filed with the U.S. Securities and Exchange Commission, or SEC, on August 25, 2017.
Use of estimates	Use of estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Significant estimates and assumptions made by us include the determination of revenue recognition and deferred revenue, the recoverability of accounts receivable and short-term investments, the determination of acquired intangibles and assessment of goodwill for impairment, the fair value of stock-based awards issued, the determination of income taxes and the recoverability of deferred tax assets. Actual results could differ from those estimates.
Concentrations of risk and significant customers	Concentrations of risk and significant customers Revenue related to products and services provided through Ford Motor Company and affiliated entities, or Ford, comprised 65% and 70% of revenue for the three months ended December 31, 2017 and 2016 , respectively, and 65% and 69% of revenue for the six months ended December 31, 2017 and 2016 , respectively. As of December 31, 2017 and June 30, 2017 , receivables due from Ford were 58% and 74% of total accounts receivable, respectively.
Long-term investments	Long-term investments As of December 31, 2017 , the carrying value of our investments in privately held companies totaled $708,000 . These investments are accounted for as cost method investments, as we own less than 20% of the voting securities and do not have the ability to exercise significant influence over operating and financial policies of the entities. We regularly evaluate the carrying value of these cost method investments for impairment.
Recent accounting pronouncements	Recent accounting pronouncements In October 2016, the FASB issued new guidance which is intended to eliminate diversity in practice and provide a more accurate depiction of the tax consequences on intercompany asset transfers (excluding inventory). The new guidance removes the current prohibition against immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. The new standard is effective for us in our first quarter of fiscal 2019 and requires a modified retrospective method of adoption. We adopted early this standard under the modified retrospective method on July 1, 2017, and the adoption resulted in the elimination of prepaid taxes of $287,000 with a corresponding increase in accumulated deficit. In March 2016, the FASB issued new guidance to revise aspects of stock-based compensation guidance which include income tax consequences, classification of awards as equity or liabilities, and classification on the statement of cash flows. The new standard is effective for us in our first quarter of fiscal 2018. We adopted this standard on July 1, 2017. As required by the standard, excess tax benefits recognized on stock-based compensation expense are reflected in our condensed consolidated statements of operations as a component of the provision for income taxes rather than paid-in capital on a prospective basis. We also elected to prospectively apply the change in presentation of excess tax benefits wherein excess tax benefits recognized on stock-based compensation expense are classified as operating activities in our condensed consolidated statements of cash flows. Since we do not recognize tax benefits on our net operating losses as well as excess tax benefits due to our full valuation allowance, this standard does not have a material impact on our condensed consolidated statements of operations or statements of cash flows. The cumulative effect to retained earnings from previously unrecognized excess tax benefits, after offset by the related valuation allowance, was not material to our condensed consolidated balance sheets. Presentation requirements for cash flows related to employee taxes paid for withheld shares had no impact to all periods presented as such cash flows have historically been presented as financing activities. Further, we did not elect an accounting policy change to record forfeitures as they occur and thus we continue to estimate forfeitures at each period. With the exception of the new standards discussed above, there have been no other recent accounting pronouncements or changes in accounting pronouncements during the six months ended December 31, 2017 , as compared to the recent accounting pronouncements described in our Annual Report on Form 10-K for fiscal 2017, that are of significance or potential significance to us, other than the following update: In May 2014, the FASB issued guidance related to revenue from contracts with customers, which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. Under this new guidance, ASC 606, Revenue from Contracts with Customers, or ASC 606, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. In conjunction with this new revenue guidance, a new subtopic, ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers, was also issued. The new guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The updated standard will replace most existing revenue recognition and certain cost guidance under GAAP when it becomes effective and permits the use of either the full retrospective or cumulative effect transition method. In August 2015, the FASB deferred the effective date of this guidance by one year. The updated standard will be effective for us in the first quarter of fiscal 2019; accordingly, we will adopt ASC 606 effective July 1, 2018. While we are in the process of selecting a transition method, we anticipate this standard will have a material impact on our consolidated financial statements. Even though our assessment of the impact of this standard is not complete, we currently believe there will not be any significant impact on our advertising and mobile navigation business segments. We do believe there will be a significant impact on the recognition of revenue for certain of our automotive value-added and combined offerings, such as on-board navigation with map updates, and on-board and connected navigation. We anticipate our revenue recognition for certain of these offerings may change with respect to software and software related elements in the following manner: a) we may no longer recognize revenue over the life of our contractual obligations, and b) we may no longer defer substantially all revenue pending the delivery of future specified upgrades. Instead, to the extent delivered software represents a distinct performance obligation for which transfer of control has taken place, such revenue would be recorded either upon delivery or as the software is used. In addition, in conjunction with the adoption of ASC 340-40, we anticipate additional capitalization of certain research and development costs that are expected to be recovered and that are incurred to fulfill obligations under certain actual or anticipated automotive contracts; under the new standard, such costs are then amortized consistent with the transfer of products and services to which the capitalized costs relate. Costs associated with software development would be recognized when transfer of the software occurs, and costs associated with connected services would be amortized over the service period. Our conclusions are subject to the completion of our assessment of the impact of the standard.

Summary of business and signi18

Summary of business and significant accounting policies (Tables)	6 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated other comprehensive loss, net of tax	The components of accumulated other comprehensive loss, net of related taxes, and activity as of December 31, 2017 , were as follows (in thousands): Foreign Currency Unrealized Total Balance, net of tax as of June 30, 2017 $ (1,701 ) $ (233 ) $ (1,934 ) Other comprehensive income (loss) before reclassifications, net of tax 565 (213 ) 352 Amount reclassified from accumulated other comprehensive loss, net of tax — 6 6 Other comprehensive income, net of tax 565 (207 ) 358 Balance, net of tax as of December 31, 2017 $ (1,136 ) $ (440 ) $ (1,576 )

Net income (loss) per share (Ta

Net income (loss) per share (Tables)	6 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Basic and Diluted Net Income Per Share Applicable to Common Stockholders	The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended Six Months Ended 2017 2016 2017 2016 Net loss $ (15,652 ) $ (11,423 ) $ (31,750 ) $ (20,758 ) Weighted average common shares used in computing net loss per share, basic and diluted 44,476 43,208 44,495 42,932 Net loss per share, basic and diluted $ (0.35 ) $ (0.26 ) $ (0.71 ) $ (0.48 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following potential shares outstanding as of December 31, 2017 and 2016 were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect (in thousands): December 31, 2017 2016 Stock options 5,556 6,410 Restricted stock units 3,596 3,062 Total 9,152 9,472

Cash, cash equivalents and sh20

Cash, cash equivalents and short-term investments (Tables)	6 Months Ended
	Dec. 31, 2017
Cash, Cash Equivalents, and Short-term Investments [Abstract]
Schedule of Cash, Cash Equivalents and Short-term Investments	Cash, cash equivalents and short-term investments consisted of the following as of December 31, 2017 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 11,329 $ — $ — $ 11,329 Cash equivalents: Money market mutual funds 631 — — 631 Commercial paper 1,996 — — 1,996 Total cash equivalents 2,627 — — 2,627 Total cash and cash equivalents 13,956 — — 13,956 Short-term investments: U.S. treasury securities 2,985 — (10 ) 2,975 U.S. agency securities 3,051 — (25 ) 3,026 Asset-backed securities 9,476 2 (43 ) 9,435 Municipal securities 5,522 1 (3 ) 5,520 Commercial paper 3,735 — (2 ) 3,733 Corporate bonds 52,307 2 (225 ) 52,084 Total short-term investments 77,076 5 (308 ) 76,773 Cash, cash equivalents and short-term investments $ 91,032 $ 5 $ (308 ) $ 90,729 Cash, cash equivalents and short-term investments consisted of the following as of June 30, 2017 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 17,316 $ — $ — $ 17,316 Cash equivalents: Money market mutual funds 444 — — 444 Commercial paper 2,997 — — 2,997 Total cash equivalents 3,441 — — 3,441 Total cash and cash equivalents 20,757 — — 20,757 Short-term investments: U.S. treasury securities 1,476 — (3 ) 1,473 U.S. agency securities 2,553 — (16 ) 2,537 Asset-backed securities 9,707 8 (10 ) 9,705 Municipal securities 7,980 3 (1 ) 7,982 Commercial paper 4,240 — (1 ) 4,239 Foreign government securities 750 — — 750 Corporate bonds 50,987 24 (99 ) 50,912 Total short-term investments 77,693 35 (130 ) 77,598 Cash, cash equivalents and short-term investments $ 98,450 $ 35 $ (130 ) $ 98,355
Investments Classified by Contractual Maturity Date	The following table summarizes the cost and estimated fair value of short-term fixed income securities classified as short-term investments based on stated maturities as of December 31, 2017 (in thousands): Amortized Cost Estimated Fair Value Due within one year $ 32,846 $ 32,801 Due between one and two years 28,308 28,156 Due between two and three years 15,922 15,816 Total $ 77,076 $ 76,773

Fair value of financial instr21

Fair value of financial instruments (Tables)	6 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments Using Inputs	The fair values of these financial instruments were determined using the following inputs at December 31, 2017 (in thousands): Fair Value Measurements at December 31, 2017 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Total (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 631 $ 631 $ — $ — Commercial paper 1,996 — 1,996 — Total cash equivalents 2,627 631 1,996 — Short-term investments: U.S. treasury securities 2,975 2,975 — — U.S. agency securities 3,026 — 3,026 — Asset-backed securities 9,435 — 9,435 — Municipal securities 5,520 — 5,520 — Commercial paper 3,733 — 3,733 — Corporate bonds 52,084 — 52,084 — Total short-term investments 76,773 2,975 73,798 — Cash equivalents and short-term investments $ 79,400 $ 3,606 $ 75,794 $ — The fair values of our financial instruments were determined using the following inputs at June 30, 2017 (in thousands): Fair Value Measurements at June 30, 2017 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Description Total (Level 1) (Level 2) (Level 3) Cash equivalents: Money market mutual funds $ 444 $ 444 $ — $ — Commercial paper 2,997 — 2,997 — Total cash equivalents 3,441 444 2,997 — Short-term investments: U.S. treasury securities 1,473 1,473 — — U.S. agency securities 2,537 — 2,537 — Asset-backed securities 9,705 — 9,705 — Municipal securities 7,982 — 7,982 — Commercial paper 4,239 — 4,239 — Foreign government securities 750 — 750 — Corporate bonds 50,912 — 50,912 — Total short-term investments 77,598 1,473 76,125 — Cash equivalents and short-term investments $ 81,039 $ 1,917 $ 79,122 $ —

Balance sheet information (Tabl

Balance sheet information (Tables)	6 Months Ended
	Dec. 31, 2017
Balance Sheet Related Disclosures [Abstract]
Finite-lived Intangible Assets Amortization Expense	Intangible assets consisted of the following (in thousands): December 31, June 30, Acquired developed technology $ 13,875 $ 13,875 Less accumulated amortization (10,925 ) (10,359 ) Intangible assets, net $ 2,950 $ 3,516
Schedule of Accrued Expenses	Accrued expenses consisted of the following (in thousands): December 31, June 30, Accrued compensation and benefits $ 10,525 $ 10,554 Accrued royalties 28,648 28,179 Customer overpayments and related reserves 5,711 5,940 Other accrued expenses 6,466 6,855 Total accrued expenses $ 51,350 $ 51,528

Commitments and contingencies (

Commitments and contingencies (Tables)	6 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Operating Lease Payments	The aggregate future minimum commitments were comprised of the following (in thousands): Payments Due by Period Total Fiscal 2018 Fiscal 2019 Fiscal 2020 Fiscal 2021 Fiscal 2022 Thereafter Operating lease obligations $ 18,215 $ 1,856 $ 4,132 $ 3,962 $ 2,868 $ 2,662 $ 2,735 Purchase obligations 7,751 2,526 2,208 941 415 415 1,246 Total contractual obligations $ 25,966 $ 4,382 $ 6,340 $ 4,903 $ 3,283 $ 3,077 $ 3,981

Stock-based compensation (Table

Stock-based compensation (Tables)	6 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	A summary of our stock option activity is as follows (in thousands except per share and contractual life amounts): Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Options outstanding as of June 30, 2017 5,708 $ 6.47 Granted 68 $ 5.54 Exercised (51 ) $ 4.61 Canceled or expired (169 ) $ 7.11 Options outstanding as of December 31, 2017 5,556 $ 6.46 6.21 $ 846 As of December 31, 2017: Options vested and expected to vest 5,325 $ 6.49 6.12 $ 790 Options exercisable 3,652 $ 6.71 5.11 $ 433
Restricted Stock Units Award Activity	A summary of our restricted stock unit, or RSU, activity is as follows (in thousands except contractual life amounts): Number of Shares Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value RSUs outstanding as of June 30, 2017 3,005 Granted 1,684 Vested (812 ) Canceled (281 ) RSUs outstanding as of December 31, 2017 3,596 1.63 $ 19,959 As of December 31, 2017: RSUs expected to vest 2,986 1.50 $ 16,572
Summary of Shares Available for Grant Activity	A summary of our shares available for grant activity is as follows (in thousands): Number of Shares Shares available for grant as of June 30, 2017 1,899 Additional shares authorized 1,667 Granted (1,752 ) RSUs withheld for taxes in net share settlements 256 Canceled 450 Shares available for grant as of December 31, 2017 2,520
Stock-Based Compensation Expense	The following table summarizes the stock-based compensation expense recorded for stock options and RSUs issued to employees and nonemployees (in thousands): Three Months Ended Six Months Ended 2017 2016 2017 2016 Stock option awards $ 577 $ 553 $ 1,173 $ 1,027 RSU awards 2,311 1,435 4,195 3,502 Total stock-based compensation expense $ 2,888 $ 1,988 $ 5,368 $ 4,529
Assumptions Used to Estimate Weighted Average Fair Value of Options	The weighted average assumptions used to value stock option awards granted and the resulting weighted average grant date fair value per share were as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 Expected volatility 42 % 39 % 42 % 39 % Expected term (in years) 4.74 4.45 4.75 4.19 Risk-free interest rate 2.00 % 1.82 % 2.00 % 1.24 % Dividend yield — % — % — % — % Weighted average grant date fair value per share $ 2.14 $ 1.72 $ 2.14 $ 1.66

Segments (Tables)

Segments (Tables)	6 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Schedule of segment results	Our segment results for the three and six months ended December 31, 2017 and 2016 were as follows (dollars in thousands): Three Months Ended Six Months Ended 2017 2016 2017 2016 Automotive Revenue $ 26,838 $ 38,744 $ 52,142 $ 69,011 Cost of revenue 16,416 23,438 32,301 41,983 Gross profit $ 10,422 $ 15,306 $ 19,841 $ 27,028 Gross margin 39 % 40 % 38 % 39 % Advertising Revenue $ 8,742 $ 8,208 $ 16,357 $ 14,753 Cost of revenue 4,402 3,919 7,814 7,445 Gross profit $ 4,340 $ 4,289 $ 8,543 $ 7,308 Gross margin 50 % 52 % 52 % 50 % Mobile Navigation Revenue $ 3,500 $ 5,049 $ 7,239 $ 10,464 Cost of revenue 1,493 1,370 3,043 2,775 Gross profit $ 2,007 $ 3,679 $ 4,196 $ 7,689 Gross margin 57 % 73 % 58 % 73 % Total Revenue $ 39,080 $ 52,001 $ 75,738 $ 94,228 Cost of revenue 22,311 28,727 43,158 52,203 Gross profit $ 16,769 $ 23,274 $ 32,580 $ 42,025 Gross margin 43 % 45 % 43 % 45 %

Summary of business and signi26

Summary of business and significant accounting policies - Concentration of Risk and Significant Customers (Details) - segment	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments			3
Customer Concentration Risk | Ford Motor Company | Sales Revenue
Concentration Risk [Line Items]
Concentration risk, percentage of revenue	65.00%	70.00%	65.00%	69.00%
Customer Concentration Risk | Ford Motor Company | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage of revenue			58.00%		74.00%
Customer Concentration Risk | AT&T Mobility LLC | Sales Revenue
Concentration Risk [Line Items]
Concentration risk, percentage of revenue				10.00%

Summary of business and signi27

Summary of business and significant accounting policies - Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted cash	$ 3,404	$ 3,401	[1]
[1]	Derived from audited consolidated financial statements as of and for the year ended June 30, 2017.

Summary of business and signi28

Summary of business and significant accounting policies - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, net of tax as of June 30, 2017	[1]			$ 112,148
Other comprehensive income (loss) before reclassifications, net of tax				352
Amount reclassified from accumulated other comprehensive loss, net of tax				6
Other comprehensive income (loss), net of tax		$ (29)	$ (964)	358	$ (1,042)
Balance, net of tax as of December 31, 2017		84,458		84,458
AOCI
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, net of tax as of June 30, 2017				(1,934)
Balance, net of tax as of December 31, 2017		(1,576)		(1,576)
Unrealized Gains (Losses) on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, net of tax as of June 30, 2017				(233)
Other comprehensive income (loss) before reclassifications, net of tax				(213)
Amount reclassified from accumulated other comprehensive loss, net of tax				6
Other comprehensive income (loss), net of tax				(207)
Balance, net of tax as of December 31, 2017		(440)		(440)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, net of tax as of June 30, 2017				(1,701)
Other comprehensive income (loss) before reclassifications, net of tax				565
Amount reclassified from accumulated other comprehensive loss, net of tax				0
Other comprehensive income (loss), net of tax				565
Balance, net of tax as of December 31, 2017		$ (1,136)		$ (1,136)
[1]	Derived from audited consolidated financial statements as of and for the year ended June 30, 2017.

Summary of business and signi29

Summary of business and significant accounting policies - Long-term Investments (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2017
Investment [Line Items]
Investment in privately held companies		$ 708
Product Line in Xian, China | Spin-off
Investment [Line Items]
Impairment charge on investments	$ 227

Summary of business and signi30

Summary of business and significant accounting policies ( Adoption of new accounting standard) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017	[1]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated deficit	$ (77,674)	$ (45,628)
New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated deficit	(287)
Prepaid expense	$ 287
[1]	Derived from audited consolidated financial statements as of and for the year ended June 30, 2017.

Net income (loss) per share (De

Net income (loss) per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net income applicable to common stockholders:
Net loss	$ (15,652)	$ (11,423)	$ (31,750)	$ (20,758)
Weighted average common shares used in computing net loss per share, basic and diluted (in shares)	44,476	43,208	44,495	42,932
Net loss per share, basic and diluted (in dollars per share)	$ (0.35)	$ (0.26)	$ (0.71)	$ (0.48)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	9,152	9,472
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	5,556	6,410
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,596	3,062

Cash, cash equivalents and sh32

Cash, cash equivalents and short-term investments - Summary of cash, cash equivalents and short-term investments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	$ 79,400	$ 81,039
Cash equivalents
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	2,627	3,441
Cash equivalents | Money market mutual funds
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	631	444
Cash equivalents | Commercial paper
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	1,996	2,997
Cash, cash equivalents and short-term investments
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	91,032	98,450
Unrealized Gains	5	35
Unrealized Losses	(308)	(130)
Estimated Fair Value	90,729	98,355
Cash equivalents:
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	13,956	20,757
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	13,956	20,757
Cash equivalents: | Cash
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,329	17,316
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	11,329	17,316
Cash equivalents: | Cash equivalents
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,627	3,441
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	2,627	3,441
Cash equivalents: | Cash equivalents | Money market mutual funds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	631	444
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	631	444
Cash equivalents: | Cash equivalents | Commercial paper
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	1,996	2,997
Unrealized Gains	0	0
Unrealized Losses	0	0
Estimated Fair Value	1,996	2,997
Short-term investments:
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	77,076	77,693
Unrealized Gains	5	35
Unrealized Losses	(308)	(130)
Estimated Fair Value	76,773	77,598
Short-term investments: | U.S. treasury securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,985	1,476
Unrealized Gains	0	0
Unrealized Losses	(10)	(3)
Estimated Fair Value	2,975	1,473
Short-term investments: | U.S. agency securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,051	2,553
Unrealized Gains	0	0
Unrealized Losses	(25)	(16)
Estimated Fair Value	3,026	2,537
Short-term investments: | Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	9,476	9,707
Unrealized Gains	2	8
Unrealized Losses	(43)	(10)
Estimated Fair Value	9,435	9,705
Short-term investments: | Municipal securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,522	7,980
Unrealized Gains	1	3
Unrealized Losses	(3)	(1)
Estimated Fair Value	5,520	7,982
Short-term investments: | Commercial paper
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,735	4,240
Unrealized Gains	0	0
Unrealized Losses	(2)	(1)
Estimated Fair Value	3,733	4,239
Short-term investments: | Foreign government securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		750
Unrealized Gains		0
Unrealized Losses		0
Estimated Fair Value		750
Short-term investments: | Corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	52,307	50,987
Unrealized Gains	2	24
Unrealized Losses	(225)	(99)
Estimated Fair Value	$ 52,084	$ 50,912

Cash, cash equivalents and sh33

Cash, cash equivalents and short-term investments - Summary of cost and estimated fair value of short-term investments (Details) $ in Thousands	Dec. 31, 2017USD ($)
Amortized Cost
Schedule of Available-for-sale Securities [Line Items]
Due within one year	$ 32,846
Due between one and two years	28,308
Due between two and three years	15,922
Total	77,076
Estimated Fair Value
Schedule of Available-for-sale Securities [Line Items]
Due within one year	32,801
Due between one and two years	28,156
Due between two and three years	15,816
Total	$ 76,773

Fair value of financial instr34

Fair value of financial instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	$ 79,400		$ 81,039
Accretion of net premium on short-term investments	113	$ 237
Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	76,773		77,598
Short-term investments: | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	3,733		4,239
Short-term investments: | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	2,975		1,473
Short-term investments: | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	3,026		2,537
Short-term investments: | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	9,435		9,705
Short-term investments: | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	5,520		7,982
Short-term investments: | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value			750
Short-term investments: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	52,084		50,912
Cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	2,627		3,441
Cash equivalents | Money market mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	631		444
Cash equivalents | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,996		2,997
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	3,606		1,917
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	2,975		1,473
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments: | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments: | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	2,975		1,473
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments: | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments: | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments: | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments: | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value			0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Short-term investments: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	631		444
Quoted Prices in Active Markets for Identical Assets (Level 1) | Cash equivalents | Money market mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	631		444
Quoted Prices in Active Markets for Identical Assets (Level 1) | Cash equivalents | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	75,794		79,122
Significant Other Observable Inputs (Level 2) | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	73,798		76,125
Significant Other Observable Inputs (Level 2) | Short-term investments: | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	3,733		4,239
Significant Other Observable Inputs (Level 2) | Short-term investments: | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Other Observable Inputs (Level 2) | Short-term investments: | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	3,026		2,537
Significant Other Observable Inputs (Level 2) | Short-term investments: | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	9,435		9,705
Significant Other Observable Inputs (Level 2) | Short-term investments: | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	5,520		7,982
Significant Other Observable Inputs (Level 2) | Short-term investments: | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value			750
Significant Other Observable Inputs (Level 2) | Short-term investments: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	52,084		50,912
Significant Other Observable Inputs (Level 2) | Cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,996		2,997
Significant Other Observable Inputs (Level 2) | Cash equivalents | Money market mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Other Observable Inputs (Level 2) | Cash equivalents | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	1,996		2,997
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Short-term investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Short-term investments: | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Short-term investments: | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Short-term investments: | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Short-term investments: | Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Short-term investments: | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Short-term investments: | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value			0
Significant Unobservable Inputs (Level 3) | Short-term investments: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Cash equivalents | Money market mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	0		0
Significant Unobservable Inputs (Level 3) | Cash equivalents | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated Fair Value	$ 0		$ 0

Balance sheet information - Int

Balance sheet information - Intangibles and Other Accrued Expenses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Goodwill [Line Items]
Goodwill	$ 31,300,000		$ 31,300,000		$ 31,300,000
Acquired developed technology	13,875,000		13,875,000		13,875,000
Less accumulated amortization	(10,925,000)		(10,925,000)		(10,359,000)
Intangible assets, net	2,950,000		2,950,000		3,516,000
Amortization of intangible assets	283,000	$ 258,000	566,000	$ 518,000
Accrued Liabilities, Current [Abstract]
Accrued compensation and benefits	10,525,000		10,525,000		10,554,000
Accrued royalties	28,648,000		28,648,000		28,179,000
Customer overpayments and related reserves	5,711,000		5,711,000		5,940,000
Other accrued expenses	6,466,000		6,466,000		6,855,000
Accrued expenses	51,350,000		51,350,000		$ 51,528,000
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,018	567,000		567,000
2,019	1,000,000		1,000,000
2,020	872,000		872,000
2,021	509,000		509,000
Mobile Navigation
Goodwill [Line Items]
Goodwill	$ 2,700,000		$ 2,700,000

Commitments and contingencies36

Commitments and contingencies (Details) $ in Thousands	Dec. 31, 2017USD ($)
Operating lease obligations
Total	$ 18,215
Fiscal 2,018	1,856
Fiscal 2,019	4,132
Fiscal 2,020	3,962
Fiscal 2,021	2,868
Fiscal 2,022	2,662
Thereafter	2,735
Purchase obligations
Total	7,751
Fiscal 2,018	2,526
Fiscal 2,019	2,208
Fiscal 2,020	941
Fiscal 2,021	415
Fiscal 2,022	415
Thereafter	1,246
Total contractual obligations
Total contractual obligations	25,966
Fiscal 2,018	4,382
Fiscal 2,019	6,340
Fiscal 2,020	4,903
Fiscal 2,021	3,283
Fiscal 2,022	3,077
Thereafter	$ 3,981

Commitments and contingencies37

Commitments and contingencies (Narrative) (Details)	Nov. 22, 2017patent	Aug. 31, 2017patent	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Operating Leased Assets [Line Items]
Deferred rent					$ 767,000	$ 44,000
Tenant improvement allowance recognition due to lease termination					582,000	0
Legal settlement and contingencies			$ 60,000	$ 6,424,000	310,000	$ 6,424,000
Avaya Sublease
Operating Leased Assets [Line Items]
Term of contract (years)		6 years
Additional term (years)		3 years
Deferred rent					538,000
Tenant improvement allowance recognition due to lease termination					582,000
Indemnification Agreement
Operating Leased Assets [Line Items]
Number of patents allegedly infringed the PTO reexamined | patent	15	5
Legal settlement and contingencies			$ 50,000
Litigation settlement					$ 250,000

Stock-based compensation - Narr

Stock-based compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (shares)			68,000
Stock-based compensation expense	$ (2,888)	$ (1,988)	$ (5,368)	$ (4,529)
Equity Incentive Plan 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized (in shares)			1,666,666
RSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)			1,684,000
Vested in period (in shares)			812,000
Canceled in period (in shares)			281,000
Stock-based compensation expense	$ (2,311)	$ (1,435)	$ (4,195)	$ (3,502)

Stock-based compensation - Summ

Stock-based compensation - Summary of stock option activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Number of Shares
Beginning balance (shares) | shares	5,708
Granted (shares) | shares	68
Exercised (shares) | shares	(51)
Canceled or expired (shares) | shares	(169)
Ending balance (shares) | shares	5,556
Options vested and expected to vest (shares) | shares	5,325
Options exercisable (shares) | shares	3,652
Weighted Average Exercise Price
Weighted average exercise (in dollars per share) | $ / shares	$ 6.47
Granted (in dollars per share) | $ / shares	5.54
Exercised (in dollars per share) | $ / shares	4.61
Canceled and expired (in dollars per share) | $ / shares	7.11
Weighted average exercise (in dollars per share) | $ / shares	6.46
Options vested and expected to vest (in dollars per share) | $ / shares	6.49
Options exercisable (in dollars per share) | $ / shares	$ 6.71
Weighted Average Remaining Contractual Life
Options outstanding (in years)	6 years 2 months 16 days
Options vested and expected to vest (in years)	6 years 1 month 13 days
Options exercisable (in years)	5 years 1 month 10 days
Aggregate Intrinsic Value
Options outstanding | $	$ 846
Options vested and expected to vest | $	790
Options exercisable | $	$ 433

Stock-based compensation - Su40

Stock-based compensation - Summary of RSU activity (Details) - RSU awards shares in Thousands, $ in Thousands	6 Months Ended
	Dec. 31, 2017USD ($)shares
Number of Shares
Beginning balance (shares)	3,005
Granted (in shares)	1,684
Vested (in shares)	(812)
Canceled (shares)	(281)
Ending balance (shares)	3,596
RSUs outstanding, weighted average remaining contractual life (in years)	1 year 7 months 17 days
RSUs outstanding, aggregate intrinsic value | $	$ 19,959
RSUs expected to vest at period end (shares)	2,986
RSUs expected to vest, weighted average remaining contractual life (in years)	1 year 6 months
RSUs expected to vest, aggregate intrinsic value | $	$ 16,572

Stock-based compensation - Su41

Stock-based compensation - Summary of shares available for grant activity (Details) - Equity Incentive Plan 2009	6 Months Ended
	Dec. 31, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant [Roll Forward]
Shares available for grant (in shares)	1,899,000
Additional shares authorized (in shares)	1,666,666
Granted (in shares)	(1,752,000)
RSUs withheld for taxes in net share settlements (in shares)	256,000
Canceled (in shares)	450,000
Shares available for grant (in shares)	2,520,000

Stock-based compensation - Su42

Stock-based compensation - Summary of stock-based compensation expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 2,888	$ 1,988	$ 5,368	$ 4,529
Stock option awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	577	553	1,173	1,027
RSU awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 2,311	$ 1,435	$ 4,195	$ 3,502

Stock-based compensation - Assu

Stock-based compensation - Assumptions used to estimate weighted average fair value of options (Details) - Stock options - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility (in percentage)	42.00%	39.00%	42.00%	39.00%
Expected term (in years)	4 years 8 months 27 days	4 years 5 months 12 days	4 years 9 months	4 years 2 months 9 days
Risk-free interest rate (in percentage)	2.00%	1.82%	2.00%	1.24%
Dividend yield (in percentage)	0.00%	0.00%	0.00%	0.00%
Weighted average grant date fair value per share (in usd per share)	$ 2.14	$ 1.72	$ 2.14	$ 1.66

Income taxes (Details)

Income taxes (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Operating Loss Carryforwards [Line Items]
Provision (benefit) for income taxes		$ 26,000	$ 537,000	$ 281,000	$ 142,000
Effective tax rate (percentage)					1.00%
Unrecognized tax benefit		3,400,000		3,400,000		$ 3,000,000
Unrecognized tax benefits that would affect effective tax rate		98,000		98,000		124,000
Interest and penalties related to unrecognized tax positions accrued		89,000		$ 89,000		91,000
Valuation allowance						$ 50,100,000
Decrease in gross deferred tax asset due to reduction in federal corporate tax rate		$ 18,800,000
State and Local Jurisdiction | New York State Division of Taxation and Finance | Tax Year 2010 - Tax Year 2012
Operating Loss Carryforwards [Line Items]
Provision (benefit) for income taxes	$ 1,000,000

Segments (Details)

Segments (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2017USD ($)segment	Dec. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			3
Revenue	$ 39,080	$ 52,001	$ 75,738	$ 94,228
Cost of revenue	22,311	28,727	43,158	52,203
Gross profit	$ 16,769	$ 23,274	$ 32,580	$ 42,025
Gross margin (in percent)	43.00%	45.00%	43.00%	45.00%
Automotive
Segment Reporting Information [Line Items]
Revenue	$ 26,838	$ 38,744	$ 52,142	$ 69,011
Cost of revenue	16,416	23,438	32,301	41,983
Gross profit	$ 10,422	$ 15,306	$ 19,841	$ 27,028
Gross margin (in percent)	39.00%	40.00%	38.00%	39.00%
Advertising
Segment Reporting Information [Line Items]
Revenue	$ 8,742	$ 8,208	$ 16,357	$ 14,753
Cost of revenue	4,402	3,919	7,814	7,445
Gross profit	$ 4,340	$ 4,289	$ 8,543	$ 7,308
Gross margin (in percent)	50.00%	52.00%	52.00%	50.00%
Mobile Navigation
Segment Reporting Information [Line Items]
Revenue	$ 3,500	$ 5,049	$ 7,239	$ 10,464
Cost of revenue	1,493	1,370	3,043	2,775
Gross profit	$ 2,007	$ 3,679	$ 4,196	$ 7,689
Gross margin (in percent)	57.00%	73.00%	58.00%	73.00%