Telenav 10-Q 8 Nov 19 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page	3 Months Ended
	Sep. 30, 2019shares
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-34720
Entity Registrant Name	TELENAV, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0521800
Entity Address, Address Line One	4655 Great America Parkway, Suite 300
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95054
City Area Code	408
Local Phone Number	245-3800
Title of 12(b) Security	Common stock, $0.001 Par Value per Share
Trading Symbol	TNAV
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	48,566,077
Entity Central Index Key	0001474439
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 19,278	$ 27,275
Short-term investments	102,515	72,203
Accounts receivable, net of allowances of $7 and $7 at September 30, 2019 and June 30, 2019, respectively	52,973	69,781
Restricted cash	2,452	1,950
Deferred costs	19,416	18,752
Prepaid expenses and other current assets	4,281	3,784
Assets of discontinued operations	1,788	6,330
Total current assets	202,703	200,075
Property and equipment, net	5,304	5,583
Operating lease right-of-use assets	9,325
Deferred income taxes, non-current	798	998
Goodwill and intangible assets, net	15,483	15,701
Deferred costs, non-current	58,379	61,050
Other assets	18,977	1,414
Assets of discontinued operations, non-current	259	12,194
Total assets	311,228	297,015
Current liabilities:
Trade accounts payable	17,804	16,061
Accrued expenses	38,365	48,899
Operating lease liabilities	3,566
Deferred revenue	43,073	31,270
Income taxes payable	635	800
Liabilities of discontinued operations	1,876	3,373
Total current liabilities	105,319	100,403
Deferred rent, non-current		1,266
Operating lease liabilities, non-current	7,011
Deferred revenue, non-current	104,184	103,865
Other long-term liabilities	639	811
Liabilities of discontinued operations, non-current	107	30
Commitments and contingencies	0	0
Stockholders’ equity:
Preferred stock, $0.001 par value: 50,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.001 par value: 600,000 shares authorized; 48,566 and 46,911 shares issued and outstanding at September 30, 2019 and June 30, 2019, respectively	49	47
Additional paid-in capital	192,055	182,349
Accumulated other comprehensive loss	(1,729)	(1,477)
Accumulated deficit	(96,407)	(90,279)
Total stockholders’ equity	93,968	90,640
Total liabilities and stockholders’ equity	$ 311,228	$ 297,015

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 7	$ 7
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)	48,566,000	46,911,000
Common stock, shares outstanding (in shares)	48,566,000	46,911,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Revenue:
Total revenue	$ 64,455	$ 46,252
Cost of revenue:
Total cost of revenue	36,851	27,542
Gross profit	27,604	18,710
Operating expenses:
Research and development	20,663	18,492
Sales and marketing	1,946	1,703
General and administrative	7,287	5,450
Total operating expenses	29,896	25,645
Loss from operations	(2,292)	(6,935)
Other income, net	561	1,590
Loss from continuing operations before provision for income taxes	(1,731)	(5,345)
Provision for income taxes	411	740
Loss from continuing operations	(2,142)	(6,085)
Discontinued operations:
Income (loss) from operations of Advertising business, net of tax	832	(1,485)
Loss from sale of Advertising business	(4,818)	0
Loss on discontinued operations	(3,986)	(1,485)
Net loss	$ (6,128)	$ (7,570)
Basic and diluted loss per share:
Loss from continuing operations (in dollars per share)	$ (0.04)	$ (0.14)
Loss on discontinued operations (in dollars per share)	(0.09)	(0.03)
Net loss (in dollars per share)	$ (0.13)	$ (0.17)
Weighted average shares used in computing basic and diluted loss per share (in shares)	47,780	45,018
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	$ 1,752	$ 2,048
Cost of revenue
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	16	24
Research and development
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	1,095	1,251
Sales and marketing
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	135	166
General and administrative
Stock-based compensation expense included in continuing operations above:
Stock-based compensation expense	506	607
Product
Revenue:
Total revenue	55,183	39,930
Cost of revenue:
Total cost of revenue	31,989	23,588
Services
Revenue:
Total revenue	9,272	6,322
Cost of revenue:
Total cost of revenue	$ 4,862	$ 3,954

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (6,128)	$ (7,570)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of tax	(310)	(217)
Available-for-sale securities:
Unrealized gain on available-for-sale securities, net of tax	59	89
Reclassification adjustments for (loss) gain on available-for-sale securities recognized, net of tax	(1)	2
Net increase from available-for-sale securities, net of tax	58	91
Other comprehensive loss, net of tax	(252)	(126)
Comprehensive loss	$ (6,380)	$ (7,696)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Continuing Operations	Continuing OperationsAdditional Paid-in Capital	Discontinued Operations	Discontinued OperationsAdditional Paid-in Capital
Beginning balance (in shares) at Jun. 30, 2018		44,871
Beginning balance at Jun. 30, 2018	$ 108,883	$ 45	$ 167,895	$ (1,855)	$ (57,202)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		5
Issuance of common stock upon exercise of stock options	25	$ 0	25
Release of restricted stock units (in shares)		385
Release of restricted stock units	(1,205)	$ 0	(1,205)
Stock-based compensation expense						$ 2,048	$ 2,048	$ 221	$ 221
Foreign currency translation adjustment, net of tax	(217)			(217)
Unrealized net loss on available-for-sale securities, net of tax	91			91
Net loss	(7,570)				(7,570)
Ending balance (in shares) at Sep. 30, 2018		45,261
Ending balance at Sep. 30, 2018	102,276	$ 45	168,984	(1,981)	(64,772)
Beginning balance (in shares) at Jun. 30, 2019		46,911
Beginning balance at Jun. 30, 2019	$ 90,640	$ 47	182,349	(1,477)	(90,279)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	1,326	1,326
Issuance of common stock upon exercise of stock options	$ 8,341	$ 1	8,340
Release of restricted stock units (in shares)		329
Release of restricted stock units	(1,272)	$ 1	(1,273)
Stock-based compensation expense						$ 1,752	$ 1,752	$ 887	$ 887
Foreign currency translation adjustment, net of tax	(310)			(310)
Unrealized net loss on available-for-sale securities, net of tax	58			58
Net loss	(6,128)				(6,128)
Ending balance (in shares) at Sep. 30, 2019		48,566
Ending balance at Sep. 30, 2019	$ 93,968	$ 49	$ 192,055	$ (1,729)	$ (96,407)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities
Net loss	$ (6,128,000)	$ (7,570,000)
Loss on discontinued operations	3,986,000	1,485,000
Loss from continuing operations	(2,142,000)	(6,085,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock-based compensation expense	1,752,000	2,048,000
Depreciation and amortization	922,000	1,010,000
Operating lease amortization, net of accretion	544,000	0
Accretion of net premium on short-term investments	12,000	5,000
Unrealized gain on non-marketable equity investments	0	(1,259,000)
Realized loss on non-marketable equity investments	100,000	0
Other	1,000	0
Changes in operating assets and liabilities:
Accounts receivable	16,653,000	(252,000)
Deferred income taxes	171,000	198,000
Deferred costs	1,979,000	(4,381,000)
Prepaid expenses and other current assets	(502,000)	369,000
Other assets	28,000	(35,000)
Trade accounts payable	1,738,000	3,267,000
Accrued expenses and other liabilities	(10,259,000)	(2,467,000)
Income taxes payable	(152,000)	149,000
Deferred rent	0	37,000
Operating lease liabilities	(897,000)	0
Deferred revenue	12,221,000	6,842,000
Net cash provided by (used in) operating activities	22,169,000	(554,000)
Investing activities
Purchases of property and equipment	(461,000)	(99,000)
Purchases of short-term investments	(41,418,000)	(10,624,000)
Purchase of long-term investments	(2,000,000)	0
Proceeds from sales and maturities of short-term investments	11,052,000	10,865,000
Net cash provided by (used in) investing activities	(32,827,000)	142,000
Financing activities
Proceeds from exercise of stock options	8,306,000	24,000
Tax withholdings related to net share settlements of restricted stock units	(832,000)	(1,206,000)
Net cash provided by (used in) financing activities	7,474,000	(1,182,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(336,000)	(239,000)
Net decrease in cash, cash equivalents and restricted cash	(3,520,000)	(1,833,000)
Net cash used in discontinued operations	(3,975,000)	(1,740,000)
Cash, cash equivalents and restricted cash, beginning of period	29,225,000	20,099,000
Cash, cash equivalents and restricted cash, end of period	21,730,000	16,526,000
Supplemental disclosure of cash flow information
Income taxes paid, net	739,000	166,000
Non-cash investing: Investment in LLC acquired in exchange for sale of Advertising business	15,600,000	0
Cash flows from discontinued operations:
Net cash used in operating activities	(3,569,000)	(1,740,000)
Net cash used in financing activities	(406,000)	0
Net cash transferred from continuing operations	3,975,000	1,740,000
Net change in cash and cash equivalents from discontinued operations	0	0
Cash and cash equivalents of discontinued operations, beginning of period	0	0
Cash and cash equivalents of discontinued operations, end of period	0	0
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets
Total cash and cash equivalents	$ 29,225,000	$ 20,099,000

Summary of business and signifi

Summary of business and significant accounting policies	3 Months Ended
	Sep. 30, 2019
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 products and services. We utilize our automotive navigation 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 tier ones. Our automotive solutions primarily include navigation systems built into vehicles, or on-board, mobile phone based navigation systems, or brought-in, and advanced navigation solutions that offer on-board functionality combined with cloud functionality, or hybrid. Our fiscal year ends on June 30, and in this report we refer to the fiscal year ended June 30, 2019 as “fiscal 2019 ” and the fiscal year ending June 30, 2020 as “fiscal 2020 .” Commencing July 1, 2019, we operate in a single segment, automotive. Through June 30, 2019 , we operated in three segments - automotive, advertising and mobile navigation. In August 2019, we completed the disposition of our digital advertising operations (the "Ads Business") and have presented the results of operations for the Ads Business as discontinued operations for all prior periods presented. See Note 12. Our mobile navigation services business represented less than 5% of total revenue for the three months ended September 30, 2019 and we expect the business to continue to decline. Our CEO, the chief operating decision maker, does not review mobile navigation revenue and cost of revenue separately. As a result, we have combined the mobile navigation business with the automotive business in a single segment. 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 months ended September 30, 2019 and 2018 . 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 2019 , included in our Annual Report on Form 10-K for fiscal 2019 filed with the U.S. Securities and Exchange Commission, or SEC, on August 22, 2019, which we refer to as the Form 10-K. Effective July 1, 2019, we adopted the requirements of Accounting Standards Update, or ASU, No. 2016-02, Leases (ASC 842) as discussed in the section titled “ Recently adopted accounting pronouncements ” of this Note 1. All amounts and disclosures set forth in this Form 10-Q have been updated to comply with this standard. Certain prior period balances have been reclassified to conform to the current period presentation of discontinued operations. Significant accounting policies With the exception of changes in accounting policies associated with our adoption of the new lease accounting standard, there have been no material changes to our significant accounting policies as compared to the significant accounting policies described in our Form 10-K. 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, including estimating and allocating the transaction price of customer contracts, 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. Disaggregation of revenue In order to further depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors, the following table depicts the disaggregation of revenue according to revenue type and pattern of recognition (in thousands): Three Months Ended September 30, 2019 2018 Product On-board automotive navigation solutions (point in time) (1) $ 55,183 $ 39,930 Total product revenue 55,183 39,930 Services Brought-in automotive navigation solutions (over time) (2) 6,222 3,542 Automotive maintenance and support and other (over time) 600 10 Mobile navigation services (over time) 2,450 2,770 Total services revenue 9,272 6,322 Total revenue $ 64,455 $ 46,252 (1) Includes i) royalties earned and recognized at the point in time usage occurs, ii) map updates and iii) customized software development fees. (2) Includes royalties earned and recognized over time from the allocation of transaction price to service obligations for hybrid automotive solutions. Contract assets Contract assets relate to our rights to consideration for performance obligations satisfied but not billed at the reporting date. As of September 30, 2019 and June 30, 2019 , we had no contract assets. Deferred costs Changes in the balance of total deferred costs (current and non-current) during the three months ended September 30, 2019 were as follows (in thousands): Deferred Costs Content Development Total Balance, June 30, 2019 $ 71,466 $ 8,336 $ 79,802 Content licensing costs incurred 31,257 — 31,257 Customized software development costs incurred — 1,215 1,215 Less: cost of revenue recognized (33,304 ) (1,175 ) (34,479 ) Balance, September 30, 2019 $ 69,419 $ 8,376 $ 77,795 Concentrations of risk and significant customers Revenue related to products and services provided through Ford Motor Company and affiliated entities, or Ford, comprised 54% and 67% of total revenue for the three months ended September 30, 2019 and 2018 , respectively. As of September 30, 2019 and June 30, 2019 , receivables due from Ford were 42% and 33% of total accounts receivable, respectively. Revenue related to products and services provided through General Motors Holdings and its affiliates, or GM, comprised 25% and 16% of total revenue for the three months ended September 30, 2019 and 2018 , respectively. As of September 30, 2019 and June 30, 2019 , receivables due from GM were 23% and 15% of total accounts receivable, respectively. Receivables due from Xevo, Inc. were 13% and 29% of total accounts receivable as of September 30, 2019 and June 30, 2019 , respectively. Restricted cash As of September 30, 2019 and June 30, 2019 , we had restricted cash of $2.5 million and $2.0 million , respectively, 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 September 30, 2019 , were as follows (in thousands): Foreign Currency Unrealized Total Balance, net of tax as of June 30, 2019 $ (1,623 ) $ 146 $ (1,477 ) Other comprehensive income (loss) before reclassifications, net of tax (310 ) 59 (251 ) Amount reclassified from accumulated other comprehensive loss, net of tax — (1 ) (1 ) Other comprehensive income (loss), net of tax (310 ) 58 (252 ) Balance, net of tax as of September 30, 2019 $ (1,933 ) $ 204 $ (1,729 ) The amount of income tax benefit allocated to each component of accumulated other comprehensive loss was not material for the three months ended September 30, 2019 . Recently adopted accounting pronouncements In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract , or ASU 2018-15, which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to defer and recognize as an asset. We early adopted ASU 2018-15 on July 1, 2019 on a prospective basis, and it did not have a material impact on our financial position or results of operations. In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842) which supersedes the guidance in topic ASC 840, Leases. The new standard, including subsequent amendments, requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. We adopted ASC 842 effective July 1, 2019. We adopted the standard using the modified retrospective transition approach applying the new standard to all leases existing at the date of initial application and not restating comparative periods. The most significant impact was the recognition of right-of-use (ROU) assets and lease liabilities for operating leases that were not previously recorded. For information regarding the impact of ASC 842 adoption, see Leases and Note 5. Leases On July 1, 2019, we adopted ASC 842 using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning after July 1, 2019 are presented under ASC 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting. We elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our historical lease classification, our assessment on whether a contract was or contains a lease, and our initial direct costs for any leases that existed prior to July 1, 2019. We also elected to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. Upon adoption, we recognized total ROU assets of $11.7 million , with corresponding liabilities of $13.0 million on the condensed consolidated balance sheets. The adoption did not impact our beginning retained earnings, or our prior year condensed consolidated statements of operations and statements of cash flows. We recognize operating lease ROU assets and operating lease liabilities at the commencement date based on the present value of the future minimum lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. We include operating leases in operating lease right-of-use assets, operating lease liabilities and operating lease liabilities, non-current on our condensed consolidated balance sheets. Recent accounting pronouncements With the exception of the recently adopted accounting pronouncements discussed above, there have been no other changes in accounting pronouncements during the three months ended September 30, 2019 , as compared to the recent accounting pronouncements described in our Annual Report on Form 10-K for fiscal 2019, that are of significance or potential significance to us.

Net income (loss) per share

Net income (loss) per share	3 Months Ended
	Sep. 30, 2019
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 September 30, 2019 2018 Loss from continuing operations $ (2,142 ) $ (6,085 ) Net loss $ (6,128 ) $ (7,570 ) Weighted average shares used in computing loss per share, basic and diluted 47,780 45,018 Loss from continuing operations per share, basic and diluted $ (0.04 ) $ (0.14 ) Loss on discontinued operations $ (0.09 ) $ (0.03 ) Net loss per share, basic and diluted $ (0.13 ) $ (0.17 ) The following potential shares outstanding as of September 30, 2019 and 2018 were excluded from the computation of diluted loss per share for the periods presented because including them would have had an antidilutive effect (in thousands): September 30, 2019 2018 Stock options 2,059 5,263 Restricted stock units 2,967 2,536 Total 5,026 7,799

Cash, cash equivalents and shor

Cash, cash equivalents and short-term investments	3 Months Ended
	Sep. 30, 2019
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 and commercial paper. Short-term investments consist of readily marketable debt 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. Marketable debt 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 three months ended September 30, 2019 or 2018 . Short-term investments as of June 30, 2019 also included marketable equity securities, which are carried at fair value with unrealized gains and losses recognized in other income (expense), net. We had no net realized gains (losses) from marketable equity securities in the three months ended September 30, 2019 or 2018 . As of September 30, 2019 , we had no marketable equity securities. Cash, cash equivalents and short-term investments consisted of the following as of September 30, 2019 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 14,348 $ — $ — $ 14,348 Cash equivalents: Money market mutual funds 650 — — 650 U.S. treasury securities 2,071 — — 2,071 Commercial paper 1,994 — 1,994 Corporate bonds 215 — — 215 Total cash equivalents 4,930 — — 4,930 Total cash and cash equivalents 19,278 — — 19,278 Short-term investments: U.S. treasury securities 6,121 9 (3 ) 6,127 U.S. agency securities 4,547 8 (4 ) 4,551 Asset-backed securities 18,259 108 (13 ) 18,354 Municipal securities 8,011 24 (1 ) 8,034 Commercial paper 1,735 1 — 1,736 Corporate bonds 63,407 328 (22 ) 63,713 Total short-term investments 102,080 478 (43 ) 102,515 Cash, cash equivalents and short-term investments $ 121,358 $ 478 $ (43 ) $ 121,793 Cash, cash equivalents and short-term investments consisted of the following as of June 30, 2019 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 25,987 $ — $ — $ 25,987 Cash equivalents: Money market mutual funds 790 — — 790 Commercial paper 498 — — 498 Total cash equivalents 1,288 — — 1,288 Total cash and cash equivalents 27,275 — — 27,275 Short-term investments: U.S. treasury securities 3,570 6 (4 ) 3,572 U.S. agency securities 3,002 9 (2 ) 3,009 Asset-backed securities 12,319 104 (10 ) 12,413 Municipal securities 4,124 16 — 4,140 Commercial paper 1,986 — — 1,986 Corporate bonds 45,492 269 (27 ) 45,734 Total debt securities 70,493 404 (43 ) 70,854 Marketable equity securities 250 1,099 — 1,349 Total short-term investments 70,743 1,503 (43 ) 72,203 Cash, cash equivalents and short-term investments $ 98,018 $ 1,503 $ (43 ) $ 99,478 The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities, aggregated by investment category, that have been in an unrealized loss position for less than 12 months or a continuous unrealized loss position for 12 months or greater, as of September 30, 2019 and June 30, 2019 (in thousands): September 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. treasury securities $ 2,609 $ (1 ) $ 2,998 $ (1 ) $ 5,607 $ (2 ) U.S. agency securities 2,034 (4 ) — — 2,034 (4 ) Asset-backed securities 5,128 (10 ) 2,061 (3 ) 7,189 (13 ) Municipal securities 1,621 (1 ) — — 1,621 (1 ) Corporate bonds 18,388 (21 ) 4,729 (2 ) 23,117 (23 ) Total $ 29,780 $ (37 ) $ 9,788 $ (6 ) $ 39,568 $ (43 ) June 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. treasury securities $ — $ — $ 2,992 $ (5 ) $ 2,992 $ (5 ) U.S. agency securities — — 998 (1 ) 998 (1 ) Asset-backed securities — — 3,537 (11 ) 3,537 (11 ) Commercial paper 493 (1 ) — — 493 (1 ) Corporate bonds 4,600 (3 ) 14,615 (24 ) 19,215 (27 ) Total $ 5,093 $ (4 ) $ 22,142 $ (41 ) $ 27,235 $ (45 ) There were 88 securities and 11 securities in an unrealized loss position for less than 12 months at September 30, 2019 and at June 30, 2019 , respectively, and 25 securities and 51 securities in an unrealized loss position for 12 months or greater at September 30, 2019 and June 30, 2019 , respectively. 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 September 30, 2019 (in thousands): Amortized Cost Estimated Fair Value Due within one year $ 33,742 $ 33,770 Due between one and two years 41,908 42,147 Due between two and three years 26,430 26,598 Total $ 102,080 $ 102,515 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 September 30, 2019 , we did not consider any of our short-term investments to be other-than-temporarily impaired.

Fair value of financial instrum

Fair value of financial instruments	3 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair value of financial instruments	Fair value of financial instruments Cash equivalents and short-term investments 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. Level 3 valuations are based upon information that is unobservable and significant to the overall fair value measurement. 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 September 30, 2019 and June 30, 2019 , we did not have any short-term investments that require Level 3 valuations. The fair values of these financial instruments were determined using the following inputs at September 30, 2019 (in thousands): Fair Value Measurements at September 30, 2019 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 $ 650 $ 650 $ — $ — U.S. treasury securities 2,071 2,071 — — Commercial paper 1,994 — 1,994 — Corporate bonds 215 — 215 — Total cash equivalents 4,930 2,721 2,209 — Short-term investments: U.S. treasury securities 6,127 6,127 — — U.S. agency securities 4,551 — 4,551 — Asset-backed securities 18,354 — 18,354 — Municipal securities 8,034 — 8,034 — Commercial paper 1,736 — 1,736 — Corporate bonds 63,713 — 63,713 — Total short-term investments 102,515 6,127 96,388 — Cash equivalents and short-term investments $ 107,445 $ 8,848 $ 98,597 $ — The fair values of our financial instruments were determined using the following inputs at June 30, 2019 (in thousands): Fair Value Measurements at June 30, 2019 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 $ 790 $ 790 $ — $ — Commercial paper 498 — 498 — Total cash equivalents 1,288 790 498 — Short-term investments: U.S. treasury securities 3,572 3,572 — — U.S. agency securities 3,009 — 3,009 — Asset-backed securities 12,413 — 12,413 — Municipal securities 4,140 — 4,140 — Commercial paper 1,986 — 1,986 — Corporate bonds 45,734 — 45,734 — Total debt securities 70,854 3,572 67,282 — Marketable equity securities 1,349 1,349 — — Total short-term investments 72,203 4,921 67,282 — Cash equivalents and short-term investments $ 73,491 $ 5,711 $ 67,780 $ — Accretion of net premium on short-term investments totaled $12,000 and $5,000 in the three months ended September 30, 2019 and 2018 , respectively. There were no transfers between Level 1 and Level 2 financial instruments in the three months ended September 30, 2019 and 2018 . We did not have any financial liabilities measured at fair value on a recurring basis as of September 30, 2019 or June 30, 2019 . Non-marketable equity investments Our non-marketable equity securities are investments in privately held companies without readily determinable market values. The carrying value of our non-marketable equity securities is measured at cost and adjusted to fair value for observable transactions for identical or similar investments of the same issuer or impairment (referred to as the measurement alternative). All gains and losses on non-marketable equity securities, realized and unrealized, are recognized in other income (expense), net. Non-marketable equity securities that we remeasure are classified within Level 3 in the fair value hierarchy because we estimate the value based on valuation methods using the observable transaction price at the transaction date and other unobservable inputs including volatility, rights, and obligations of the securities we hold. Our net realized gains (losses) from non-marketable equity securities were $(100,000) and zero in the three months ended September 30, 2019 and 2018 . Our net unrealized gains (losses) from the remeasurement of non-marketable equity securities were zero and $1.3 million in the three months ended September 30, 2019 and 2018 . The carrying value of our non-marketable equity securities, none of which required remeasurement to fair value, was $458,000 and $458,000 at September 30, 2019 and June 30, 2019 , respectively. In August 2019, we completed the disposition of our Ads Business in exchange for a non-marketable equity investment in inMarket Media, LLC ("inMarket") valued at $15.6 million . See Note 12. In assessing the fair value of our investment in inMarket, we made assumptions regarding estimated future cash flows, weighted average cost of capital and timing over which the cash flows will occur, amongst other factors. An investment in a limited liability company such as inMarket that maintains a specific ownership account for each investor is deemed to be similar to an investment in a limited partnership. Accordingly, because we hold more than a 3% to 5% ownership interest in inMarket, we are required to account for our inMarket investment under the equity method of accounting. Our proportionate share of inMarket earnings for the period from the date of closing of the inMarket Transaction, August 16, 2019, through September 30, 2019 was not material. Non-marketable debt investment In the three months ended September 30, 2019 , we invested $2.0 million in the form of a convertible note receivable in a privately held company without a readily determinable market value. The note receivable matures upon request for payment by a majority of note holders no sooner than October 31, 2021, or otherwise upon a change of control or event of default involving the privately held company. The note converts to preferred stock or common stock upon certain events as defined, including a qualified preferred stock financing round or a change in control of ownership. Interest accrues annually at 6% and is due in full upon maturity. The convertible note is classified as available for sale and is carried at fair value within Level 3, with any 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. We did not have any unrealized or realized gains or losses in the three months ended September 30, 2019 . The carrying value of our non-marketable debt investment was $2.0 million at September 30, 2019 . We did not hold any non-marketable debt investments at June 30, 2019 .

Leases

Leases	3 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases We have entered into various non-cancelable office space operating leases with original lease periods expiring between 2019 and 2024. These do not contain material variable rent payments, residual value guarantees, covenants or other restrictions. Operating lease costs for the three months ended September 30, 2019 were $817,000 . The weighted-average remaining term of our operating leases was 3.4 years and the weighted-average discount rate used to measure the present value of the operating lease liabilities was 5.0% as of September 30, 2019 . Maturities of our operating lease liabilities, which do not include short-term leases, as of September 30, 2019 were as follows (in thousands): Fiscal Year September 30, 2020 $ 2,995 2021 3,124 2022 2,761 2023 2,313 2024 619 Total lease payments 11,812 Less: imputed interest (978 ) Total operating lease liabilities $ 10,834 Cash payments included in the measurement of our operating lease liabilities were $0.9 million for the three months ended September 30, 2019 .

Balance sheet information

Balance sheet information	3 Months Ended
	Sep. 30, 2019
Balance Sheet Related Disclosures [Abstract]
Balance sheet information	Balance sheet information Goodwill and intangible assets, net Goodwill as of September 30, 2019 and June 30, 2019 was $14.3 million and $26.1 million , respectively. The reduction in goodwill of $11.8 million was due to the sale of the Ads Business to inMarket. See Note 12. Intangible assets consisted of the following (in thousands): September 30, June 30, Acquired developed technology $ 13,875 $ 13,875 Less accumulated amortization (12,712 ) (12,494 ) Intangible assets, net $ 1,163 $ 1,381 Acquired developed technology is amortized on a straight-line basis over the expected useful life. Amortization expense related to intangibles was $218,000 and $284,000 for the three months ended September 30, 2019 and 2018 , respectively. As of September 30, 2019 , remaining amortization expense for intangible assets by fiscal year was as follows: $654,000 in fiscal 2020 and $509,000 in fiscal 2021. Other assets Other assets consisted of the following (in thousands): September 30, June 30, Deposits and other assets $ 919 $ 956 Non-marketable equity investments 458 458 Non-marketable equity investment greater than 5% in LLC 15,600 — Non-marketable debt investment 2,000 — Total other assets $ 18,977 $ 1,414 Accrued expenses Accrued expenses consisted of the following (in thousands): September 30, June 30, Accrued compensation and benefits $ 7,051 $ 13,288 Accrued royalties 14,672 21,604 Customer overpayments and related reserves 4,674 4,291 Other accrued expenses 11,968 9,716 Total accrued expenses $ 38,365 $ 48,899

Deferred revenue and remaining

Deferred revenue and remaining performance obligations	3 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Deferred revenue and remaining performance obligations	Deferred revenue and remaining performance obligations Deferred revenue Deferred revenue, which is a contract liability, consists primarily of payments received in advance of revenue recognition under our contracts with customers and is recognized upon transfer of control. Changes in the balance of total deferred revenue (current and non-current) during the three months ended September 30, 2019 were as follows (in thousands): Beginning balance, June 30, 2019 $ 135,135 Revenue recognized that was included in beginning balance (13,515 ) Amount billed, net of revenue recognized that was not included in beginning balance 25,637 Ending balance, September 30, 2019 $ 147,257 The cumulative adjustment as a result of changes in the estimate of the transaction price of customer contracts during the three months ended September 30, 2019 was a net increase in revenue recognized of $228,000 . In addition, the amount of revenue recognized in the three months ended September 30, 2019 from performance obligations satisfied or partially satisfied in previous periods was $230,000 . Remaining performance obligations Transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and amounts that are expected to be invoiced and recognized as revenue in future periods. As of September 30, 2019 , the aggregate amount of the transaction price allocated to remaining performance obligations for our automotive segment was $84.6 million , which is expected to be recognized over a remaining period of approximately 5 to 8 years. This amount excludes the variable consideration that falls under the exemption for usage-based royalties promised in exchange for a license of intellectual property. We have used the practical expedient to not disclose amounts related to the comparative period under ASC 606. The aggregate amount of transaction price allocated to the remaining performance obligations as of September 30, 2019 was not material.

Commitments and contingencies

Commitments and contingencies	3 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies 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. Other contractual commitments As of September 30, 2019 , we had $7.6 million of future minimum non-cancelable financial commitments primarily related to license fees due to certain of our third-party content providers, regardless of usage level. These commitments are primarily due within five years. 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 which we can reasonably estimate, we accrue our estimate of the loss or cost of indemnification in our consolidated financial statements. Where we cannot determine the outcome of these matters, 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. 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. 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. Legal proceedings are subject to inherent uncertainties. Unfavorable outcomes could have a material adverse impact on our business, financial position, cash flows or overall trends in results of our operations.

Stock-based compensation

Stock-based compensation	3 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [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, 2019 3,409 $ 6.49 Granted — — Exercised (1,326 ) 6.29 Canceled or expired (24 ) 5.22 Options outstanding as of September 30, 2019 2,059 $ 6.64 4.92 $ — As of September 30, 2019: Options vested and expected to vest 2,021 $ 6.67 4.87 $ — Options exercisable 1,555 $ 7.02 4.30 $ — 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, 2019 2,637 Granted 1,120 Vested (485 ) Canceled (305 ) RSUs outstanding as of September 30, 2019 2,967 1.74 $ 14,181 As of September 30, 2019: RSUs expected to vest 2,510 1.58 $ 11,998 Performance-based RSUs In September 2019, the Compensation Committee of our Board of Directors (the “Compensation Committee”) approved the grant under our 2009 Equity Incentive Plan of performance-based RSUs covering a target of 560,000 shares of common stock under individual grants to several of our executive officers, which we refer to as the PSU Awards. The PSU Awards are subject to four performance milestones, each requiring achievement of a specified trailing average closing stock price for a 30 trading day period on or before the three -year anniversary of the PSU Awards’ grant date. Achieving each individual stock price performance milestone will result in one quarter of the shares subject to the PSU Award becoming eligible to vest. If a stock price performance milestone is achieved, then one half of the shares that became eligible to vest under the PSU Award upon achievement of that stock price performance milestone will vest on the later of November 1, 2020, or the date that the Compensation Committee certifies achievement of the milestone, and the remaining one half of the shares that became eligible to vest will vest on the one-year anniversary of the date the performance milestone was achieved, in each case subject to the respective executive’s continued service with the Company through the applicable vesting date. The maximum number of shares subject to the PSU Award that may vest is 560,000 . In October 2018, the Compensation Committee approved the grant under our 2009 Equity Incentive Plan of performance-based RSUs covering a target of 240,000 shares of common stock to Dr. HP Jin, our Chairman of the Board of Directors, President and Chief Executive Officer, or CEO, which we refer to as the CEO PSU Award. The CEO PSU Award is subject to four performance milestones, each requiring achievement of a specified trailing average closing stock price for a 30 trading day period on or before the three -year anniversary of the CEO PSU Award’s grant date. Achieving each individual stock price performance milestone will result in one quarter of the shares subject to the CEO PSU Award becoming eligible to vest. If a stock price performance milestone is achieved, then one half of the shares that became eligible to vest under the CEO PSU Award upon achievement of that stock price performance milestone will vest on the later of November 1, 2019, or the date that the Compensation Committee certifies achievement of the milestone, and the remaining one half of the shares that became eligible to vest will vest on the one-year anniversary of the date the performance milestone was achieved, in each case subject to Dr. Jin’s continued service with the Company through the applicable vesting date. The maximum number of shares subject to the CEO PSU Award that may vest is 240,000 . No shares had vested as of November 1, 2019. Since achievement of the awards is dependent on a market condition, stock-based compensation expense associated with these awards is recognized regardless of whether the market condition is satisfied, provided that the requisite service period has been met. We utilized the Monte Carlo valuation method to determine the fair value and derived service periods of each of the stock price performance milestones. Total stock-based compensation expense associated with the PSU Awards and the CEO PSU Award for the three months ended September 30, 2019 and 2018 was not material. Total stock-based compensation expense associated with the CEO PSU Award for the three months ended 43373 was not material. As of September 30, 2019 , no performance-based RSUs had been earned or canceled, and 800,000 performance-based RSUs remained outstanding. During the three months ended September 30, 2019 , 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. The last annual increase in the shares reserved for issuance under our 2009 Equity Incentive Plan occurred on July 1, 2019, and the plan expired in October 2019 as to new awards. Our board of directors also terminated the 2011 Stock Option and Grant Plan. 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, 2019 4,472 Additional shares authorized 1,667 Granted (1,680 ) RSUs withheld for taxes in net share settlements 155 Canceled 329 Shares available for grant as of September 30, 2019 4,943 The following table summarizes the stock-based compensation expense for continuing operations recorded for stock options and RSUs, including performance-based RSUs, issued to employees and nonemployees (in thousands): Three Months Ended September 30, 2019 2018 Stock option awards $ 308 $ 417 RSU awards 1,444 1,631 Total stock-based compensation expense $ 1,752 $ 2,048 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 September 30, 2019 2018 Expected volatility — % 39 % Expected term (in years) — 6.87 Risk-free interest rate — % 2.99 % Dividend yield — % — % Weighted average grant date fair value per share $ — $ 2.32 No stock option awards were granted during the three months ended September 30, 2019.

Stock repurchase program

Stock repurchase program	3 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stock repurchase program	Stock repurchase program In February 2019, our board of directors authorized a program for the repurchase of up to $20.0 million of our shares of common stock through open market purchases. The term of the program is 18 months . The timing and amount of repurchase transactions under this program will depend on market conditions, cash flow and other considerations. No shares were repurchased under this program during the three months ended September 30, 2019 . As of September 30, 2019 , the remaining authorized amount of stock repurchases that may be made under this repurchase program was $18.7 million .

Income taxes

Income taxes	3 Months Ended
	Sep. 30, 2019
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 for continuing operations was $411,000 in the three months ended September 30, 2019 compared to $740,000 in the three months ended September 30, 2018 and was comprised primarily of foreign withholding taxes and income taxes in foreign jurisdictions where we have profit. Our effective tax provision rate of 24% and 14% of loss from continuing operations for the three months ended September 30, 2019 and 2018 , respectively, was greater 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 the tax assets are not likely to be realized due to the lack of current and forecasted future income. Although the total income tax provision did not change for the three months ended September 30, 2018 , taxes were allocated to discontinued operations in an amount equal to the difference between the tax originally computed on loss from operations and the tax recomputed on the amount of loss from continuing operations. We record liabilities related to unrecognized tax benefits in accordance with authoritative guidance on accounting for uncertain tax positions. As of September 30, 2019 and June 30, 2019 , our cumulative unrecognized tax benefits were $4.8 million and $4.6 million , respectively. Included in the balance of unrecognized tax benefits at September 30, 2019 and June 30, 2019 was $100,000 and $100,000 , 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 zero and zero for the payment of interest and penalties at September 30, 2019 and June 30, 2019 , 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 from fiscal 2016 for federal tax purposes, from fiscal 2014 in state jurisdictions and from fiscal 2013 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, 2019 was $48.4 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.

Sale of Ads Business

Sale of Ads Business	3 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Sale of Ads Business	Sale of Ads Business On August 16, 2019, we completed the disposition of our Ads Business to inMarket (the "inMarket Transaction"). In exchange, inMarket issued to us units of inMarket representing a 14.5% member interest in inMarket at the time of the closing of the inMarket Transaction. We also received a perpetual, non-exclusive, irrevocable, royalty-free license under software and other intellectual property rights being assigned to inMarket as part of the inMarket Transaction, as set forth in the Asset Purchase Agreement, dated August 8, 2019, by and among Telenav, Thinknear, Inc., a wholly owned subsidiary of Telenav, and inMarket, as amended. Pursuant to the terms of a Transition Services Agreement, we also agreed to provide inMarket with transition services for a period of time generally not to exceed eight months following the closing of the inMarket Transaction. The historical financial results attributable to the Ads Business are presented as discontinued operations in our condensed consolidated statements of operations for all periods presented. The carrying amounts of assets and liabilities included as part of discontinued operations have been classified as assets of discontinued operations and liabilities of discontinued operations, respectively, in our condensed consolidated balance sheet at June 30, 2019. Reconciliations of the carrying amounts of major classes of assets and liabilities included as part of discontinued operations to the amounts presented separately in our September 30, 2019 and June 30, 2019 balance sheet are presented in the following tables: September 30, 2019 June 30, Assets Accounts receivable $ 628 $ 6,011 Prepaid and other current assets 1,160 319 Assets of discontinued operations $ 1,788 $ 6,330 Property and equipment, net $ 72 $ 72 Operating lease right-of-use assets 187 — Deferred income taxes, non-current — (59 ) Goodwilll and intangible assets, net — 11,786 Other assets — 395 Assets of discontinued operations, non-current $ 259 $ 12,194 Liabilities Accounts payable $ 176 $ 974 Accrued expenses 1,550 2,399 Operating lease liabilities 150 — Liabilities of discontinued operations $ 1,876 $ 3,373 Deferred rent, non-current $ — $ 30 Operating lease liabilities, non-current 107 — Liabilities of discontinued operations, non-current $ 107 $ 30 Reconciliations of the major line items comprising loss from operations of the Ads Business included as part of discontinued operations to the amounts presented separately in our statements of operations for the three months ended September 30, 2019 and 2018 are presented in the following tables: Three Months Ended September 30, 2019 2018 Revenue - services $ 3,614 $ 5,947 Cost of revenue - services 1,335 3,220 Gross profit 2,279 2,727 Operating expenses: Research and development 697 1,610 Sales and marketing 750 2,712 General and administrative — — Total operating expenses 1,447 4,322 Income (loss) from operations of Ads Business, net of tax provision (benefit) of $0 and $(110), respectively $ 832 $ (1,485 ) Our 14.5% member interest in inMarket was valued at $15.6 million at the closing of the inMarket Transaction and is recorded in other assets on our condensed consolidated balance sheet at September 30, 2019 . See Note 4. Our loss from the sale of the Ads Business of $4.8 million included $1.9 million comprising severance for Ads Business employees who were not offered employment with inMarket and acceleration of stock-based awards vesting for certain Ads Business executives who were not offered employment with inMarket, and $363,000 comprising legal fees and third-party consulting fees associated with the inMarket Transaction.

Summary of business and signi_2

Summary of business and significant accounting policies (Policies)	3 Months Ended
	Sep. 30, 2019
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 months ended September 30, 2019 and 2018 . 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 2019 , included in our Annual Report on Form 10-K for fiscal 2019 filed with the U.S. Securities and Exchange Commission, or SEC, on August 22, 2019, which we refer to as the Form 10-K. Effective July 1, 2019, we adopted the requirements of Accounting Standards Update, or ASU, No. 2016-02, Leases (ASC 842) as discussed in the section titled “ Recently adopted accounting pronouncements ” of this Note 1. All amounts and disclosures set forth in this Form 10-Q have been updated to comply with this standard.
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, including estimating and allocating the transaction price of customer contracts, 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.
Revenue recognition	Contract assets Contract assets relate to our rights to consideration for performance obligations satisfied but not billed at the reporting date. As of September 30, 2019 and June 30, 2019 , we had no contract assets.
Recently adopted and recent accounting pronouncements	Recently adopted accounting pronouncements In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract , or ASU 2018-15, which requires a customer in a cloud computing arrangement that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to defer and recognize as an asset. We early adopted ASU 2018-15 on July 1, 2019 on a prospective basis, and it did not have a material impact on our financial position or results of operations. In February 2016, the FASB issued ASU No. 2016-02, Leases (ASC 842) which supersedes the guidance in topic ASC 840, Leases. The new standard, including subsequent amendments, requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. We adopted ASC 842 effective July 1, 2019. We adopted the standard using the modified retrospective transition approach applying the new standard to all leases existing at the date of initial application and not restating comparative periods. The most significant impact was the recognition of right-of-use (ROU) assets and lease liabilities for operating leases that were not previously recorded. For information regarding the impact of ASC 842 adoption, see Leases and Note 5. Leases On July 1, 2019, we adopted ASC 842 using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning after July 1, 2019 are presented under ASC 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting. We elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our historical lease classification, our assessment on whether a contract was or contains a lease, and our initial direct costs for any leases that existed prior to July 1, 2019. We also elected to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. Upon adoption, we recognized total ROU assets of $11.7 million , with corresponding liabilities of $13.0 million on the condensed consolidated balance sheets. The adoption did not impact our beginning retained earnings, or our prior year condensed consolidated statements of operations and statements of cash flows. We recognize operating lease ROU assets and operating lease liabilities at the commencement date based on the present value of the future minimum lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. We include operating leases in operating lease right-of-use assets, operating lease liabilities and operating lease liabilities, non-current on our condensed consolidated balance sheets. Recent accounting pronouncements With the exception of the recently adopted accounting pronouncements discussed above, there have been no other changes in accounting pronouncements during the three months ended September 30, 2019 , as compared to the recent accounting pronouncements described in our Annual Report on Form 10-K for fiscal 2019, that are of significance or potential significance to us.
Leases	Leases On July 1, 2019, we adopted ASC 842 using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. Results and disclosure requirements for reporting periods beginning after July 1, 2019 are presented under ASC 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting. We elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward our historical lease classification, our assessment on whether a contract was or contains a lease, and our initial direct costs for any leases that existed prior to July 1, 2019. We also elected to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of income on a straight-line basis over the lease term. Upon adoption, we recognized total ROU assets of $11.7 million , with corresponding liabilities of $13.0 million on the condensed consolidated balance sheets. The adoption did not impact our beginning retained earnings, or our prior year condensed consolidated statements of operations and statements of cash flows. We recognize operating lease ROU assets and operating lease liabilities at the commencement date based on the present value of the future minimum lease payments over the lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. We include operating leases in operating lease right-of-use assets, operating lease liabilities and operating lease liabilities, non-current on our condensed consolidated balance sheets.

Summary of business and signi_3

Summary of business and significant accounting policies (Tables)	3 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of disaggregation of revenue	In order to further depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors, the following table depicts the disaggregation of revenue according to revenue type and pattern of recognition (in thousands): Three Months Ended September 30, 2019 2018 Product On-board automotive navigation solutions (point in time) (1) $ 55,183 $ 39,930 Total product revenue 55,183 39,930 Services Brought-in automotive navigation solutions (over time) (2) 6,222 3,542 Automotive maintenance and support and other (over time) 600 10 Mobile navigation services (over time) 2,450 2,770 Total services revenue 9,272 6,322 Total revenue $ 64,455 $ 46,252 (1) Includes i) royalties earned and recognized at the point in time usage occurs, ii) map updates and iii) customized software development fees. (2) Includes royalties earned and recognized over time from the allocation of transaction price to service obligations for hybrid automotive solutions.
Changes in the balance of total deferred costs	Changes in the balance of total deferred costs (current and non-current) during the three months ended September 30, 2019 were as follows (in thousands): Deferred Costs Content Development Total Balance, June 30, 2019 $ 71,466 $ 8,336 $ 79,802 Content licensing costs incurred 31,257 — 31,257 Customized software development costs incurred — 1,215 1,215 Less: cost of revenue recognized (33,304 ) (1,175 ) (34,479 ) Balance, September 30, 2019 $ 69,419 $ 8,376 $ 77,795 three months ended September 30, 2019 were as follows (in thousands): Beginning balance, June 30, 2019 $ 135,135 Revenue recognized that was included in beginning balance (13,515 ) Amount billed, net of revenue recognized that was not included in beginning balance 25,637 Ending balance, September 30, 2019 $ 147,257
Accumulated other comprehensive loss, net of tax	The components of accumulated other comprehensive loss, net of related taxes, and activity as of September 30, 2019 , were as follows (in thousands): Foreign Currency Unrealized Total Balance, net of tax as of June 30, 2019 $ (1,623 ) $ 146 $ (1,477 ) Other comprehensive income (loss) before reclassifications, net of tax (310 ) 59 (251 ) Amount reclassified from accumulated other comprehensive loss, net of tax — (1 ) (1 ) Other comprehensive income (loss), net of tax (310 ) 58 (252 ) Balance, net of tax as of September 30, 2019 $ (1,933 ) $ 204 $ (1,729 )

Net income (loss) per share (Ta

Net income (loss) per share (Tables)	3 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of calculation of basic and diluted net loss per share	The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended September 30, 2019 2018 Loss from continuing operations $ (2,142 ) $ (6,085 ) Net loss $ (6,128 ) $ (7,570 ) Weighted average shares used in computing loss per share, basic and diluted 47,780 45,018 Loss from continuing operations per share, basic and diluted $ (0.04 ) $ (0.14 ) Loss on discontinued operations $ (0.09 ) $ (0.03 ) Net loss per share, basic and diluted $ (0.13 ) $ (0.17 )
Schedule of shares excluded from the computation of diluted net loss per share for the periods presented	The following potential shares outstanding as of September 30, 2019 and 2018 were excluded from the computation of diluted loss per share for the periods presented because including them would have had an antidilutive effect (in thousands): September 30, 2019 2018 Stock options 2,059 5,263 Restricted stock units 2,967 2,536 Total 5,026 7,799

Cash, cash equivalents and sh_2

Cash, cash equivalents and short-term investments (Tables)	3 Months Ended
	Sep. 30, 2019
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 September 30, 2019 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 14,348 $ — $ — $ 14,348 Cash equivalents: Money market mutual funds 650 — — 650 U.S. treasury securities 2,071 — — 2,071 Commercial paper 1,994 — 1,994 Corporate bonds 215 — — 215 Total cash equivalents 4,930 — — 4,930 Total cash and cash equivalents 19,278 — — 19,278 Short-term investments: U.S. treasury securities 6,121 9 (3 ) 6,127 U.S. agency securities 4,547 8 (4 ) 4,551 Asset-backed securities 18,259 108 (13 ) 18,354 Municipal securities 8,011 24 (1 ) 8,034 Commercial paper 1,735 1 — 1,736 Corporate bonds 63,407 328 (22 ) 63,713 Total short-term investments 102,080 478 (43 ) 102,515 Cash, cash equivalents and short-term investments $ 121,358 $ 478 $ (43 ) $ 121,793 Cash, cash equivalents and short-term investments consisted of the following as of June 30, 2019 (in thousands): Description Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Cash $ 25,987 $ — $ — $ 25,987 Cash equivalents: Money market mutual funds 790 — — 790 Commercial paper 498 — — 498 Total cash equivalents 1,288 — — 1,288 Total cash and cash equivalents 27,275 — — 27,275 Short-term investments: U.S. treasury securities 3,570 6 (4 ) 3,572 U.S. agency securities 3,002 9 (2 ) 3,009 Asset-backed securities 12,319 104 (10 ) 12,413 Municipal securities 4,124 16 — 4,140 Commercial paper 1,986 — — 1,986 Corporate bonds 45,492 269 (27 ) 45,734 Total debt securities 70,493 404 (43 ) 70,854 Marketable equity securities 250 1,099 — 1,349 Total short-term investments 70,743 1,503 (43 ) 72,203 Cash, cash equivalents and short-term investments $ 98,018 $ 1,503 $ (43 ) $ 99,478
Schedule of fair value and gross unrealized losses related to available-for-sale securities	The following table summarizes the fair value and gross unrealized losses related to available-for-sale securities, aggregated by investment category, that have been in an unrealized loss position for less than 12 months or a continuous unrealized loss position for 12 months or greater, as of September 30, 2019 and June 30, 2019 (in thousands): September 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. treasury securities $ 2,609 $ (1 ) $ 2,998 $ (1 ) $ 5,607 $ (2 ) U.S. agency securities 2,034 (4 ) — — 2,034 (4 ) Asset-backed securities 5,128 (10 ) 2,061 (3 ) 7,189 (13 ) Municipal securities 1,621 (1 ) — — 1,621 (1 ) Corporate bonds 18,388 (21 ) 4,729 (2 ) 23,117 (23 ) Total $ 29,780 $ (37 ) $ 9,788 $ (6 ) $ 39,568 $ (43 ) June 30, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. treasury securities $ — $ — $ 2,992 $ (5 ) $ 2,992 $ (5 ) U.S. agency securities — — 998 (1 ) 998 (1 ) Asset-backed securities — — 3,537 (11 ) 3,537 (11 ) Commercial paper 493 (1 ) — — 493 (1 ) Corporate bonds 4,600 (3 ) 14,615 (24 ) 19,215 (27 ) Total $ 5,093 $ (4 ) $ 22,142 $ (41 ) $ 27,235 $ (45 )
Schedule of cost and estimated fair value of short-term fixed income securities classified as short-term investments	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 September 30, 2019 (in thousands): Amortized Cost Estimated Fair Value Due within one year $ 33,742 $ 33,770 Due between one and two years 41,908 42,147 Due between two and three years 26,430 26,598 Total $ 102,080 $ 102,515

Fair value of financial instr_2

Fair value of financial instruments (Tables)	3 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair values of financial instruments	The fair values of these financial instruments were determined using the following inputs at September 30, 2019 (in thousands): Fair Value Measurements at September 30, 2019 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 $ 650 $ 650 $ — $ — U.S. treasury securities 2,071 2,071 — — Commercial paper 1,994 — 1,994 — Corporate bonds 215 — 215 — Total cash equivalents 4,930 2,721 2,209 — Short-term investments: U.S. treasury securities 6,127 6,127 — — U.S. agency securities 4,551 — 4,551 — Asset-backed securities 18,354 — 18,354 — Municipal securities 8,034 — 8,034 — Commercial paper 1,736 — 1,736 — Corporate bonds 63,713 — 63,713 — Total short-term investments 102,515 6,127 96,388 — Cash equivalents and short-term investments $ 107,445 $ 8,848 $ 98,597 $ — The fair values of our financial instruments were determined using the following inputs at June 30, 2019 (in thousands): Fair Value Measurements at June 30, 2019 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 $ 790 $ 790 $ — $ — Commercial paper 498 — 498 — Total cash equivalents 1,288 790 498 — Short-term investments: U.S. treasury securities 3,572 3,572 — — U.S. agency securities 3,009 — 3,009 — Asset-backed securities 12,413 — 12,413 — Municipal securities 4,140 — 4,140 — Commercial paper 1,986 — 1,986 — Corporate bonds 45,734 — 45,734 — Total debt securities 70,854 3,572 67,282 — Marketable equity securities 1,349 1,349 — — Total short-term investments 72,203 4,921 67,282 — Cash equivalents and short-term investments $ 73,491 $ 5,711 $ 67,780 $ —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of operating lease maturity	Maturities of our operating lease liabilities, which do not include short-term leases, as of September 30, 2019 were as follows (in thousands): Fiscal Year September 30, 2020 $ 2,995 2021 3,124 2022 2,761 2023 2,313 2024 619 Total lease payments 11,812 Less: imputed interest (978 ) Total operating lease liabilities $ 10,834

Balance sheet information (Tabl

Balance sheet information (Tables)	3 Months Ended
	Sep. 30, 2019
Balance Sheet Related Disclosures [Abstract]
Finite-lived intangible assets amortization expense	Intangible assets consisted of the following (in thousands): September 30, June 30, Acquired developed technology $ 13,875 $ 13,875 Less accumulated amortization (12,712 ) (12,494 ) Intangible assets, net $ 1,163 $ 1,381
Schedule of other assets	Other assets consisted of the following (in thousands): September 30, June 30, Deposits and other assets $ 919 $ 956 Non-marketable equity investments 458 458 Non-marketable equity investment greater than 5% in LLC 15,600 — Non-marketable debt investment 2,000 — Total other assets $ 18,977 $ 1,414
Schedule of accrued expenses	Accrued expenses consisted of the following (in thousands): September 30, June 30, Accrued compensation and benefits $ 7,051 $ 13,288 Accrued royalties 14,672 21,604 Customer overpayments and related reserves 4,674 4,291 Other accrued expenses 11,968 9,716 Total accrued expenses $ 38,365 $ 48,899

Deferred revenue and remainin_2

Deferred revenue and remaining performance obligations (Tables)	3 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of changes in the balance of total deferred revenue	Changes in the balance of total deferred costs (current and non-current) during the three months ended September 30, 2019 were as follows (in thousands): Deferred Costs Content Development Total Balance, June 30, 2019 $ 71,466 $ 8,336 $ 79,802 Content licensing costs incurred 31,257 — 31,257 Customized software development costs incurred — 1,215 1,215 Less: cost of revenue recognized (33,304 ) (1,175 ) (34,479 ) Balance, September 30, 2019 $ 69,419 $ 8,376 $ 77,795 three months ended September 30, 2019 were as follows (in thousands): Beginning balance, June 30, 2019 $ 135,135 Revenue recognized that was included in beginning balance (13,515 ) Amount billed, net of revenue recognized that was not included in beginning balance 25,637 Ending balance, September 30, 2019 $ 147,257

Stock-based compensation (Table

Stock-based compensation (Tables)	3 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [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, 2019 3,409 $ 6.49 Granted — — Exercised (1,326 ) 6.29 Canceled or expired (24 ) 5.22 Options outstanding as of September 30, 2019 2,059 $ 6.64 4.92 $ — As of September 30, 2019: Options vested and expected to vest 2,021 $ 6.67 4.87 $ — Options exercisable 1,555 $ 7.02 4.30 $ —
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, 2019 2,637 Granted 1,120 Vested (485 ) Canceled (305 ) RSUs outstanding as of September 30, 2019 2,967 1.74 $ 14,181 As of September 30, 2019: RSUs expected to vest 2,510 1.58 $ 11,998
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, 2019 4,472 Additional shares authorized 1,667 Granted (1,680 ) RSUs withheld for taxes in net share settlements 155 Canceled 329 Shares available for grant as of September 30, 2019 4,943
Stock-based compensation expense	The following table summarizes the stock-based compensation expense for continuing operations recorded for stock options and RSUs, including performance-based RSUs, issued to employees and nonemployees (in thousands): Three Months Ended September 30, 2019 2018 Stock option awards $ 308 $ 417 RSU awards 1,444 1,631 Total stock-based compensation expense $ 1,752 $ 2,048
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 September 30, 2019 2018 Expected volatility — % 39 % Expected term (in years) — 6.87 Risk-free interest rate — % 2.99 % Dividend yield — % — % Weighted average grant date fair value per share $ — $ 2.32

Sale of Ads Business (Tables)

Sale of Ads Business (Tables)	3 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Assets and Liabilities of Discontinued Operations	Reconciliations of the carrying amounts of major classes of assets and liabilities included as part of discontinued operations to the amounts presented separately in our September 30, 2019 and June 30, 2019 balance sheet are presented in the following tables: September 30, 2019 June 30, Assets Accounts receivable $ 628 $ 6,011 Prepaid and other current assets 1,160 319 Assets of discontinued operations $ 1,788 $ 6,330 Property and equipment, net $ 72 $ 72 Operating lease right-of-use assets 187 — Deferred income taxes, non-current — (59 ) Goodwilll and intangible assets, net — 11,786 Other assets — 395 Assets of discontinued operations, non-current $ 259 $ 12,194 Liabilities Accounts payable $ 176 $ 974 Accrued expenses 1,550 2,399 Operating lease liabilities 150 — Liabilities of discontinued operations $ 1,876 $ 3,373 Deferred rent, non-current $ — $ 30 Operating lease liabilities, non-current 107 — Liabilities of discontinued operations, non-current $ 107 $ 30 Reconciliations of the major line items comprising loss from operations of the Ads Business included as part of discontinued operations to the amounts presented separately in our statements of operations for the three months ended September 30, 2019 and 2018 are presented in the following tables: Three Months Ended September 30, 2019 2018 Revenue - services $ 3,614 $ 5,947 Cost of revenue - services 1,335 3,220 Gross profit 2,279 2,727 Operating expenses: Research and development 697 1,610 Sales and marketing 750 2,712 General and administrative — — Total operating expenses 1,447 4,322 Income (loss) from operations of Ads Business, net of tax provision (benefit) of $0 and $(110), respectively $ 832 $ (1,485 )

Summary of business and signi_4

Summary of business and significant accounting policies - Description of Business (Details)	12 Months Ended
	Jun. 30, 2019segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

Summary of business and signi_5

Summary of business and significant accounting policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 64,455	$ 46,252
Product
Disaggregation of Revenue [Line Items]
Total revenue	55,183	39,930
Services
Disaggregation of Revenue [Line Items]
Total revenue	9,272	6,322
Point in Time | On-board automotive navigation solutions
Disaggregation of Revenue [Line Items]
Total revenue	55,183	39,930
Over Time | Brought-in automotive navigation solutions (over time)
Disaggregation of Revenue [Line Items]
Total revenue	6,222	3,542
Over Time | Automotive maintenance and support and other (over time)
Disaggregation of Revenue [Line Items]
Total revenue	600	10
Over Time | Mobile navigation services (over time)
Disaggregation of Revenue [Line Items]
Total revenue	$ 2,450	$ 2,770

Summary of business and signi_6

Summary of business and significant accounting policies - Contract Assets (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Contract with customer, asset	$ 0	$ 0

Summary of business and signi_7

Summary of business and significant accounting policies - Deferred Costs (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2019USD ($)
Contract with Customer Asset [Roll Forward]
Balance, June 30, 2019	$ 79,802
Content licensing costs incurred	31,257
Customized software development costs incurred	1,215
Less: cost of revenue recognized	(34,479)
Balance, September 30, 2019	77,795
Content
Contract with Customer Asset [Roll Forward]
Balance, June 30, 2019	71,466
Content licensing costs incurred	31,257
Customized software development costs incurred	0
Less: cost of revenue recognized	(33,304)
Balance, September 30, 2019	69,419
Development
Contract with Customer Asset [Roll Forward]
Balance, June 30, 2019	8,336
Content licensing costs incurred	0
Customized software development costs incurred	1,215
Less: cost of revenue recognized	(1,175)
Balance, September 30, 2019	$ 8,376

Summary of business and signi_8

Summary of business and significant accounting policies - Concentration of Risk and Significant Customers (Details) - Customer Concentration Risk	3 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Ford Motor Company | Sales Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	54.00%	67.00%
Ford Motor Company | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	42.00%		33.00%
GM | Sales Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	25.00%	16.00%
GM | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	23.00%		15.00%
Xevo Inc | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	13.00%		29.00%

Summary of business and signi_9

Summary of business and significant accounting policies - Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted cash	$ 2,452	$ 1,950	$ 2,930

Summary of business and sign_10

Summary of business and significant accounting policies - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ 90,640	$ 108,883
Other comprehensive income (loss) before reclassifications, net of tax	(251)
Amount reclassified from accumulated other comprehensive loss, net of tax	(1)
Other comprehensive loss, net of tax	(252)	(126)
Ending balance	93,968	102,276
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,477)	(1,855)
Ending balance	(1,729)	$ (1,981)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,623)
Other comprehensive income (loss) before reclassifications, net of tax	(310)
Amount reclassified from accumulated other comprehensive loss, net of tax	0
Other comprehensive loss, net of tax	(310)
Ending balance	(1,933)
Unrealized Gains (Losses) on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	146
Other comprehensive income (loss) before reclassifications, net of tax	59
Amount reclassified from accumulated other comprehensive loss, net of tax	(1)
Other comprehensive loss, net of tax	58
Ending balance	$ 204

Summary of business and sign_11

Summary of business and significant accounting policies - Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jul. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 9,325
Operating Lease, Liability	$ 10,834
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 11,700
Operating Lease, Liability		$ 13,000

Net income (loss) per share (De

Net income (loss) per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Net income applicable to common stockholders:
Loss from continuing operations	$ (2,142)	$ (6,085)
Net loss	$ (6,128)	$ (7,570)
Weighted average common shares used in computing net loss per share, basic and diluted (in shares)	47,780	45,018
Loss from continuing operations (in dollars per share)	$ (0.04)	$ (0.14)
Loss on discontinued operations (in dollars per share)	(0.09)	(0.03)
Net loss (in dollars per share)	$ (0.13)	$ (0.17)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	5,026	7,799
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	2,059	5,263
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)	2,967	2,536

Cash, cash equivalents and sh_3

Cash, cash equivalents and short-term investments - Summary of cash, cash equivalents and short-term investments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018
Debt Securities, Available-for-sale [Line Items]
Cash	$ 14,348	$ 25,987
Total cash equivalents	4,930	1,288
Total cash and cash equivalents	19,278	27,275	$ 13,596
Debt securities
Amortized Cost	102,080	70,493
Unrealized Gains	478	404
Unrealized Losses	(43)	(43)
Estimated Fair Value	102,515	70,854
Marketable equity securities
Amortized Cost		250
Unrealized Gains		1,099
Unrealized Losses		0
Estimated Fair Value		1,349
Short-term investments
Amortized Cost		70,743
Unrealized Gains		1,503
Unrealized Losses		(43)
Estimated Fair Value	102,515	72,203
Cash, cash equivalents and short-term investments
Amortized Cost	121,358	98,018
Unrealized Gains	478	1,503
Unrealized Losses	(43)	(43)
Estimated Fair Value	121,793	99,478
U.S. treasury securities
Debt securities
Amortized Cost	6,121	3,570
Unrealized Gains	9	6
Unrealized Losses	(3)	(4)
Estimated Fair Value	6,127	3,572
U.S. agency securities
Debt securities
Amortized Cost	4,547	3,002
Unrealized Gains	8	9
Unrealized Losses	(4)	(2)
Estimated Fair Value	4,551	3,009
Asset-backed securities
Debt securities
Amortized Cost	18,259	12,319
Unrealized Gains	108	104
Unrealized Losses	(13)	(10)
Estimated Fair Value	18,354	12,413
Municipal securities
Debt securities
Amortized Cost	8,011	4,124
Unrealized Gains	24	16
Unrealized Losses	(1)	0
Estimated Fair Value	8,034	4,140
Commercial paper
Debt securities
Amortized Cost	1,735	1,986
Unrealized Gains	1	0
Unrealized Losses	0	0
Estimated Fair Value	1,736	1,986
Corporate bonds
Debt securities
Amortized Cost	63,407	45,492
Unrealized Gains	328	269
Unrealized Losses	(22)	(27)
Estimated Fair Value	63,713	45,734
Money market mutual funds
Debt Securities, Available-for-sale [Line Items]
Total cash equivalents	650	790
U.S. treasury securities
Debt Securities, Available-for-sale [Line Items]
Total cash equivalents	2,071
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Total cash equivalents	1,994	$ 498
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Total cash equivalents	$ 215

Cash, cash equivalents and sh_4

Cash, cash equivalents and short-term investments - Summary of Fair Value and Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2019USD ($)security	Jun. 30, 2019USD ($)security
Fair Value
Less than 12 Months	$ 29,780	$ 5,093
12 Months or Greater	9,788	22,142
Total	39,568	27,235
Unrealized Losses
Less than 12 Months	(37)	(4)
12 Months or Greater	(6)	(41)
Total	$ (43)	$ (45)
Number of Positions
Less than 12 Months (securities) | security	88	11
12 Months or Greater (securities) | security	25	51
U.S. treasury securities
Fair Value
Less than 12 Months	$ 2,609	$ 0
12 Months or Greater	2,998	2,992
Total	5,607	2,992
Unrealized Losses
Less than 12 Months	(1)	0
12 Months or Greater	(1)	(5)
Total	(2)	(5)
U.S. agency securities
Fair Value
Less than 12 Months	2,034	0
12 Months or Greater	0	998
Total	2,034	998
Unrealized Losses
Less than 12 Months	(4)	0
12 Months or Greater	0	(1)
Total	(4)	(1)
Asset-backed securities
Fair Value
Less than 12 Months	5,128	0
12 Months or Greater	2,061	3,537
Total	7,189	3,537
Unrealized Losses
Less than 12 Months	(10)	0
12 Months or Greater	(3)	(11)
Total	(13)	(11)
Municipal securities
Fair Value
Less than 12 Months	1,621
12 Months or Greater	0
Total	1,621
Unrealized Losses
Less than 12 Months	(1)
12 Months or Greater	0
Total	(1)
Commercial paper
Fair Value
Less than 12 Months		493
12 Months or Greater		0
Total		493
Unrealized Losses
Less than 12 Months		(1)
12 Months or Greater		0
Total		(1)
Corporate bonds
Fair Value
Less than 12 Months	18,388	4,600
12 Months or Greater	4,729	14,615
Total	23,117	19,215
Unrealized Losses
Less than 12 Months	(21)	(3)
12 Months or Greater	(2)	(24)
Total	$ (23)	$ (27)

Cash, cash equivalents and sh_5

Cash, cash equivalents and short-term investments - Summary of cost and estimated fair value of short-term investments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Amortized Cost
Due within one year	$ 33,742
Due between one and two years	41,908
Due between two and three years	26,430
Amortized Cost	102,080	$ 70,493
Estimated Fair Value
Due within one year	33,770
Due between one and two years	42,147
Due between two and three years	26,598
Total	$ 102,515	$ 70,854

Fair value of financial instr_3

Fair value of financial instruments Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 4,930		$ 1,288
Total short-term investments	102,515		70,854
Marketable equity securities			1,349
Short-term investments	102,515		72,203
Cash equivalents and short-term investments	107,445		73,491
Accretion of net premium on short-term investments	12	$ 5
Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	2,721		790
Total short-term investments	6,127		3,572
Marketable equity securities			1,349
Short-term investments			4,921
Cash equivalents and short-term investments	8,848		5,711
Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	2,209		498
Total short-term investments	96,388		67,282
Marketable equity securities			0
Short-term investments			67,282
Cash equivalents and short-term investments	98,597		67,780
Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		0
Total short-term investments	0		0
Marketable equity securities			0
Short-term investments			0
Cash equivalents and short-term investments	0		0
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	6,127		3,572
U.S. treasury securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	6,127		3,572
U.S. treasury securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
U.S. treasury securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	4,551		3,009
U.S. agency securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
U.S. agency securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	4,551		3,009
U.S. agency securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	18,354		12,413
Asset-backed securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Asset-backed securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	18,354		12,413
Asset-backed securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	8,034		4,140
Municipal securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Municipal securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	8,034		4,140
Municipal securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	1,736		1,986
Commercial paper | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Commercial paper | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	1,736		1,986
Commercial paper | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	63,713		45,734
Corporate bonds | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Corporate bonds | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	63,713		45,734
Corporate bonds | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0		0
Money market mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	650		790
Money market mutual funds | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	650		790
Money market mutual funds | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		0
Money market mutual funds | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		0
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	2,071
U.S. treasury securities | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	2,071
U.S. treasury securities | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
U.S. treasury securities | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,994		498
Commercial paper | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		0
Commercial paper | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,994		498
Commercial paper | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0		$ 0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	215
Corporate bonds | Quoted Prices in Active Markets for Identical Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
Corporate bonds | Significant Other Observable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	215
Corporate bonds | Significant Unobservable Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0

Fair value of financial instr_4

Fair value of financial instruments Additional Information (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Aug. 31, 2019	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Realized gain (loss) on non-marketable equity securities	$ (100,000)	$ 0
Unrealized gain (loss) on non-marketable equity securities	0	$ 1,259,000
Non-marketable equity investments	458,000			$ 458,000
Non-marketable debt investment	$ 2,000,000			$ 0
Convertible notes receivable, interest rate	6.00%
inMarket Media, LLC
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment			$ 15,600,000
Significant Unobservable Inputs | Convertible Note Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-marketable debt investment	$ 2,000,000

Leases Schedule of operating le

Leases Schedule of operating lease maturity (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
2020	$ 2,995
2021	3,124
2022	2,761
2023	2,313
2024	619
Total lease payments	11,812
Less: imputed interest	(978)
Total operating lease liabilities	$ 10,834

Leases Additional Information (

Leases Additional Information (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating lease cost	$ 817
Weighted average remaining operating lease term	3 years 4 months 24 days
Weighted average discount rate	5.00%
Cash payments included in measurement of operating lease liabilities	$ 900

Balance sheet information - Int

Balance sheet information - Intangibles, Other Assets and Accrued Expenses (Details) - USD ($)	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Balance Sheet Related Disclosures [Abstract]
Goodwill	$ 14,300,000		$ 26,100,000
Goodwill, reduction	11,800,000
Acquired developed technology	13,875,000		13,875,000
Less accumulated amortization	(12,712,000)		(12,494,000)
Intangible assets, net	1,163,000		1,381,000
Amortization of intangible assets	218,000	$ 284,000
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity
2020	654,000
2021	509,000
Other Assets
Deposits and other assets	919,000		956,000
Non-marketable equity investments	458,000		458,000
Non-marketable equity investment greater than 5% in LLC	15,600,000		0
Non-marketable debt investment	2,000,000		0
Total other assets	18,977,000		1,414,000
Accrued Expenses
Accrued compensation and benefits	7,051,000		13,288,000
Accrued royalties	14,672,000		21,604,000
Customer overpayments and related reserves	4,674,000		4,291,000
Other accrued expenses	11,968,000		9,716,000
Total accrued expenses	$ 38,365,000		$ 48,899,000

Deferred revenue and remainin_3

Deferred revenue and remaining performance obligations - Contract with customer, liability (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2019USD ($)
Contract with Customer, Liability [Roll Forward]
Beginning balance, June 30, 2019	$ 135,135
Revenue recognized that was included in beginning balance	(13,515)
Amount billed, net of revenue recognized that was not included in beginning balance	25,637
Ending balance, September 30, 2019	147,257
Cumulative adjustment as a result of changes in the estimate of the transaction price	228
Revenue recognized from performance obligations satisfied or partially satisfied in previous periods	$ 230

Deferred revenue and remainin_4

Deferred revenue and remaining performance obligations - Performance Obligation (Details) $ in Millions	Sep. 30, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation, amount	$ 84.6
Minimum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, remaining duration (in years)	5 years
Maximum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, remaining duration (in years)	8 years

Commitments and contingencies (

Commitments and contingencies (Details) $ in Millions	Sep. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Financial commitments	$ 7.6

Stock-based compensation - Summ

Stock-based compensation - Summary of stock option activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Number of Shares
Beginning balance (shares) | shares	3,409
Granted (shares) | shares	0
Exercised (shares) | shares	(1,326)
Canceled or expired (shares) | shares	(24)
Ending balance (shares) | shares	2,059
Options vested and expected to vest (shares) | shares	2,021
Options exercisable (shares) | shares	1,555
Weighted Average Exercise Price
Weighted average exercise (in dollars per share) | $ / shares	$ 6.49
Granted (in dollars per share) | $ / shares	0
Exercised (in dollars per share) | $ / shares	6.29
Canceled or expired (in dollars per share) | $ / shares	5.22
Weighted average exercise (in dollars per share) | $ / shares	6.64
Options vested and expected to vest (in dollars per share) | $ / shares	6.67
Options exercisable (in dollars per share) | $ / shares	$ 7.02
Weighted Average Remaining Contractual Life
Options outstanding	4 years 11 months 1 day
Options vested and expected to vest	4 years 10 months 13 days
Options exercisable	4 years 3 months 18 days
Aggregate Intrinsic Value
Options outstanding | $	$ 0
Options vested and expected to vest | $	0
Options exercisable | $	$ 0

Stock-based compensation - Su_2

Stock-based compensation - Summary of RSU activity (Details) - RSU awards - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2019
Number of Shares
Beginning balance (shares)	2,637
Granted (in shares)	1,120
Vested (in shares)	(485)
Canceled (shares)	(305)
Ending balance (shares)	2,967
RSUs outstanding, weighted average remaining contractual life	1 year 8 months 26 days
RSUs outstanding, aggregate intrinsic value	$ 14,181
RSUs expected to vest at period end (shares)	2,510
RSUs expected to vest, weighted average remaining contractual life	1 year 6 months 29 days
RSUs expected to vest, aggregate intrinsic value	$ 11,998

Stock-based compensation - PSU

Stock-based compensation - PSU (Details) - PSU	1 Months Ended		3 Months Ended
	Sep. 30, 2019shares	Oct. 31, 2018milestoneshares	Sep. 30, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance milestones | milestone		4
Trading days, period		30 days
Performance period (in years)		3 years
Percentage that will vest upon reaching milestone		50.00%
Percentage will vest on one year anniversary of performance milestone		50.00%
Performance-based RSUs earned			0
Performance-based RSUs Canceled			0
Performance-based RSUs Outstanding	800,000		800,000
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	560,000	240,000

Stock-based compensation - Narr

Stock-based compensation - Narrative (Details)	3 Months Ended
	Sep. 30, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	0
Equity Incentive Plan 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional shares authorized (in shares)	1,666,666

Stock-based compensation - Su_3

Stock-based compensation - Summary of shares available for grant activity (Details) - Equity Incentive Plan 2009	3 Months Ended
	Sep. 30, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant [Roll Forward]
Shares available for grant (in shares)	4,472,000
Additional shares authorized (in shares)	1,666,666
Granted (in shares)	(1,680,000)
RSUs withheld for taxes in net share settlements (in shares)	155,000
Canceled (in shares)	329,000
Shares available for grant (in shares)	4,943,000

Stock-based compensation - Su_4

Stock-based compensation - Summary of stock-based compensation expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 1,752	$ 2,048
Stock option awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	308	417
RSU awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 1,444	$ 1,631

Stock-based compensation - Assu

Stock-based compensation - Assumptions used to estimate weighted average fair value of options (Details) - Stock options - $ / shares	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	0.00%	39.00%
Expected term	0 days	6 years 10 months 13 days
Risk-free interest rate	0.00%	2.99%
Dividend yield	0.00%	0.00%
Weighted average grant date fair value per share (in dollars per share)	$ 0	$ 2.32

Stock repurchase program (Detai

Stock repurchase program (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Feb. 28, 2019	Sep. 30, 2019
Equity [Abstract]
Share repurchase program, authorized amount	$ 20
Share repurchase program, term	18 months
Share repurchase program, shares repurchased (in shares)		0
Share repurchase program, remaining authorized stock repurchases, amount		$ 18.7

Income taxes (Details)

Income taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 411	$ 740
Effective tax provision	24.00%	14.00%
Unrecognized tax benefit	$ 4,800		$ 4,600
Unrecognized tax benefits that would affect effective tax rate	100		100
Interest and penalties related to unrecognized tax positions accrued	$ 0		0
Valuation allowance			$ 48,400

Sale of Ads Business Reconcilia

Sale of Ads Business Reconciliation of carrying amounts of major classes of assets and liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019
Assets
Assets of discontinued operations	$ 1,788	$ 6,330
Assets of discontinued operations, non-current	259	12,194
Liabilities
Liabilities of discontinued operations	1,876	3,373
Liabilities of discontinued operations, non-current	107	30
Ads Business | Discontinued Operations, Disposed of by Sale
Assets
Accounts receivable	628
Prepaid and other current assets	1,160
Assets of discontinued operations	1,788
Property and equipment, net	72
Operating lease right-of-use assets	187
Deferred income taxes, non-current	0
Goodwilll and intangible assets, net	0
Other assets	0
Assets of discontinued operations, non-current	259
Liabilities
Accounts payable	176
Accrued expenses	1,550
Operating lease liabilities	150
Liabilities of discontinued operations	1,876
Deferred rent, non-current	0
Operating lease liabilities, non-current	107
Liabilities of discontinued operations, non-current	$ 107
Ads Business | Discontinued Operations, Held-for-sale
Assets
Accounts receivable		6,011
Prepaid and other current assets		319
Assets of discontinued operations		6,330
Property and equipment, net		72
Operating lease right-of-use assets		0
Deferred income taxes, non-current		(59)
Goodwilll and intangible assets, net		11,786
Other assets		395
Assets of discontinued operations, non-current		12,194
Liabilities
Accounts payable		974
Accrued expenses		2,399
Operating lease liabilities		0
Liabilities of discontinued operations		3,373
Deferred rent, non-current		30
Operating lease liabilities, non-current		0
Liabilities of discontinued operations, non-current		$ 30

Sale of Ads Business Reconcil_2

Sale of Ads Business Reconciliations of the major line items constituting loss from operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from operations of Ads Business, net of tax provision (benefit) of $0 and $(110), respectively	$ 832	$ (1,485)
Ads Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross profit	2,279
Research and development	697
Sales and marketing	750
General and administrative	0
Total operating expenses	1,447
Income (loss) from operations of Ads Business, net of tax provision (benefit) of $0 and $(110), respectively	832
Discontinued operation, tax provision (benefit)	0
Ads Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross profit		2,727
Research and development		1,610
Sales and marketing		2,712
General and administrative		0
Total operating expenses		4,322
Income (loss) from operations of Ads Business, net of tax provision (benefit) of $0 and $(110), respectively		(1,485)
Discontinued operation, tax provision (benefit)		(110)
Services | Ads Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue - services	3,614
Cost of revenue - services	$ 1,335
Services | Ads Business | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue - services		5,947
Cost of revenue - services		$ 3,220

Sale of Ads Business Additional

Sale of Ads Business Additional Information (Details) - USD ($) $ in Thousands	Aug. 16, 2019	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from sale of Advertising business		$ 4,818	$ 0
Ads Business | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage ownership received	14.50%
Member interest value	$ 15,600
Loss from sale of Advertising business		4,800
Severance costs		1,900
Legal and and third-party consulting fees		$ 363