Aspen Technology 10-Q 28 Jan 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Dec. 31, 2014	Jan. 21, 2015
Document and Entity Information
Entity Registrant Name	ASPEN TECHNOLOGY INC /DE/
Entity Central Index Key	929940
Document Type	10-Q
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-24
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		88,222,753
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Revenue:
Subscription and software	$98,716	$88,924	$197,459	$167,607
Services and other	9,074	9,845	17,457	18,727
Total revenue	107,790	98,769	214,916	186,334
Cost of revenue:
Subscription and software	5,208	5,022	10,409	9,642
Services and other	7,057	7,421	14,237	14,879
Total cost of revenue	12,265	12,443	24,646	24,521
Gross profit	95,525	86,326	190,270	161,813
Operating expenses:
Selling and marketing	22,821	24,178	44,439	47,109
Research and development	15,957	15,016	32,225	30,850
General and administrative	10,226	11,020	22,451	22,893
Total operating expenses, net	49,004	50,214	99,115	100,852
Income from operations	46,521	36,112	91,155	60,961
Interest income	132	307	268	694
Interest expense	-4	-8	-7	-26
Other income (expense), net	-248	-531	-60	-1,335
Income before provision for income taxes	46,401	35,880	91,356	60,294
Provision for income taxes	15,937	12,617	31,924	22,032
Net income	$30,464	$23,263	$59,432	$38,262
Net income per common share:
Basic (in dollars per share)	$0.34	$0.25	$0.66	$0.41
Diluted (in dollars per share)	$0.34	$0.25	$0.65	$0.41
Weighted average shares outstanding:
Basic (in shares)	89,942	92,839	90,562	93,124
Diluted (in shares)	90,471	93,816	91,196	94,137

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$30,464	$23,263	$59,432	$38,262
Other comprehensive income (loss):
Net unrealized gains (losses) on available for sale securities, net of tax effects of $20 and $42 for the three and six months ended December 31, 2014, and $6 and $47 for the three and six months ended December 31, 2013	-39	11	-78	88
Foreign currency translation adjustments	-945	-3	-2,475	1,333
Total other comprehensive income (loss)	-984	8	-2,553	1,421
Comprehensive income	$29,480	$23,271	$56,879	$39,683

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net unrealized gains (losses) on available for sale securities, tax effects	($20)	$6	($42)	$47

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$158,443	$199,526
Short-term marketable securities	72,675	67,619
Accounts receivable, net	19,578	38,532
Current portion of installments receivable, net	0	640
Unbilled services	639	1,656
Prepaid expenses and other current assets	9,015	10,567
Prepaid income taxes	696	605
Current deferred tax assets	4,920	10,537
Total current assets	265,966	329,682
Long-term marketable securities	25,334	31,270
Non-current installments receivable, net	498	811
Property, equipment and leasehold improvements, net	18,327	7,588
Computer software development costs, net	1,153	1,390
Goodwill	18,045	19,276
Non-current deferred tax assets	11,265	12,765
Other non-current assets	2,766	5,190
Total assets	343,354	407,972
Current liabilities:
Accounts payable	2,250	412
Accrued expenses and other current liabilities	31,984	34,984
Income taxes payable	1,983	2,168
Current deferred revenue	197,778	228,940
Total current liabilities	233,995	266,504
Non-current deferred revenue	40,634	45,942
Other non-current liabilities	31,005	11,850
Commitments and contingencies (Note 11)
Series D redeemable convertible preferred stock
$0.10 par value-Authorized- 3,636 shares as of December 31, 2014 and June 30, 2014 Issued and outstanding- none as of December 31, 2014 and June 30, 2014	0	0
Stockholders' equity:
Common stock, $0.10 par value- Authorized-210,000,000 shares Issued- 101,283,764 shares at December 31, 2014 and 101,033,740 shares at June 30, 2014 Outstanding- 88,867,557 shares at December 31, 2014 and 91,661,850 shares at June 30, 2014	10,128	10,103
Additional paid-in capital	605,455	591,324
Accumulated deficit	-204,602	-264,034
Accumulated other comprehensive income	6,819	9,372
Treasury stock, at cost-12,416,207 shares of common stock at December 31, 2014 and 9,371,890 shares at June 30, 2014	-380,080	-263,089
Total stockholders' equity	37,720	83,676
Total liabilities and stockholders' equity	$343,354	$407,972

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2014	Jun. 30, 2014
CONSOLIDATED BALANCE SHEETS
Series D redeemable convertible preferred stock, par value (in dollars per share)	$0.10	$0.10
Series D redeemable convertible preferred stock, Authorized	3,636	3,636
Series D redeemable convertible preferred stock, Issued	0	0
Series D redeemable convertible preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, Authorized	210,000,000	210,000,000
Common stock, Issued	101,283,764	101,033,740
Common stock, Outstanding	88,867,557	91,661,850
Treasury stock, shares	12,416,207	9,371,890

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$59,432	$38,262
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,858	2,479
Net foreign currency (gains) losses	-1,379	1,079
Stock-based compensation	7,666	7,538
Deferred income taxes	21,773	16,791
Provision for bad debts	338	805
Tax benefits from stock based compensation	7,684	83
Excess tax benefits from stock-based compensation	-7,684	-83
Other non-cash operating activities	782	896
Changes in assets and liabilities:
Accounts receivable	18,519	6,475
Unbilled services	990	1,171
Prepaid expenses, prepaid income taxes, and other assets	2,914	1,536
Installments receivable	980	8,345
Accounts payable, accrued expenses, and other liabilities	-5,254	-5,651
Deferred revenue	-35,844	-7,470
Net cash provided by operating activities	73,775	72,256
Cash flows from investing activities:
Purchases of marketable securities	-39,048	-18,992
Maturities of marketable securities	39,012	12,424
Purchases of property, equipment and leasehold improvements	-4,328	-1,724
Capitalized computer software development costs	-137	-504
Net cash used in investing activities	-4,501	-8,796
Cash flows from financing activities:
Exercises of stock options	1,515	4,430
Repurchases of common stock	-115,905	-58,919
Payments of tax withholding obligations related to restricted stock	-2,574	-4,237
Excess tax benefits from stock-based compensation	7,684	83
Net cash used in financing activities	-109,280	-58,643
Effect of exchange rate changes on cash and cash equivalents	-1,077	228
(Decrease) increase in cash and cash equivalents	-41,083	5,045
Cash and cash equivalents, beginning of period	199,526	132,432
Cash and cash equivalents, end of period	158,443	137,477
Supplemental disclosure of cash flow information:
Income taxes paid, net	2,621	5,045
Supplemental disclosure of non-cash investing and financing activities:
Landlord improvement allowance included in leasehold improvements and deferred rent liability	6,064	0
Purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses	2,184	0
Common stock repurchases included in accrued expenses	$1,712	$0

Interim_Unaudited_Consolidated

Interim Unaudited Consolidated Financial Statements	6 Months Ended
	Dec. 31, 2014
Interim Unaudited Consolidated Financial Statements
Interim Unaudited Consolidated Financial Statements	1.  Interim Unaudited Consolidated Financial Statements
	The accompanying interim unaudited consolidated financial statements of Aspen Technology, Inc. and its subsidiaries have been prepared on the same basis as our annual consolidated financial statements.  We have omitted certain information and footnote disclosures normally included in our annual consolidated financial statements.  Such interim unaudited consolidated financial statements have been prepared in conformity with U.S. Generally Accepted Accounting Principles (GAAP), as defined in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 270, Interim Reporting, for interim financial information and with the instructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited consolidated financial statements for the year ended June 30, 2014, which are contained in our Annual Report on Form 10-K, as previously filed with the U.S. Securities and Exchange Commission (SEC). In the opinion of management, all adjustments, consisting of normal and recurring adjustments, considered necessary for a fair presentation of the financial position, results of operations, and cash flows at the dates and for the periods presented have been included and all intercompany accounts and transactions have been eliminated in consolidation. The results of operations for the three and six months ended December 31, 2014 are not necessarily indicative of the results to be expected for any subsequent quarter or for the full fiscal year.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Unless the context requires otherwise, references to we, our and us refer to Aspen Technology, Inc. and its subsidiaries.
	Reclassifications
	Certain line items in prior period financial statements have been reclassified to conform to the current period presentations.

Significant_Accounting_Policie

Significant Accounting Policies	6 Months Ended
	Dec. 31, 2014
Significant Accounting Policies
Significant Accounting Policies	2.  Significant Accounting Policies
	(a)Overview of Licensing Model Changes
	Transition to the aspenONE Licensing Model
	Prior to fiscal 2010, we offered term or perpetual licenses to specific products, or specifically defined sets of products, which we refer to as point products. The majority of our license revenue was recognized under an “upfront revenue model,” in which the net present value of the aggregate license fees was recognized as revenue upon shipment of the point products. Customers typically received one year of post-contract software maintenance and support, or SMS, with their license agreements and then could elect to renew SMS annually. Revenue from SMS was recognized ratably over the period in which the SMS was delivered.
	In fiscal 2010, we introduced the following changes to our licensing model:
		(i)	We began offering our software on a subscription basis, allowing our customers access to all products within a licensed suite (aspenONE Engineering or aspenONE Manufacturing and Supply Chain). SMS is included for the entire term of the arrangement and customers are entitled to any software products or updates introduced into the licensed suite. We refer to this license arrangement as our aspenONE licensing model.
		(ii)	We began to include SMS for the entire term on our point product term arrangements.
	Beginning in fiscal 2012, we introduced our Premier Plus SMS offering to provide more value to our customers. As a part of this offering, customers receive 24x7 support, faster response times, dedicated technical advocates and access to web-based training modules.
	Revenue related to our aspenONE licensing model and to term point product license arrangements with Premier Plus SMS is recognized over the term of the arrangement on a ratable basis. The changes to our licensing model introduced in fiscal 2010 did not change the method or timing of customer billings or cash collections.
	Impact of Licensing Model Changes
	The principal accounting implications of the changes to our licensing model in fiscal 2010 are as follows:
		·	Prior to fiscal 2010, the majority of our license revenue was recognized on an upfront basis. Since the upfront model resulted in the net present value of multiple years of future installments being recognized at the time of shipment, the changes to our licensing model resulted in a reduction in our software license revenue for fiscal 2010, 2011 and 2012 as compared to the fiscal years preceding our licensing model changes. These changes did not impact the incurrence or timing of our expenses, and there was no corresponding expense reduction to offset the lower revenue, resulting in operating losses for fiscal 2010, 2011 and 2012.  By fiscal 2013, a sufficient number of license arrangements had been renewed on the aspenONE licensing model to generate ratable revenue sufficient to support an operating profit.
		·	Since fiscal 2010, revenue from annually renewable SMS arrangements (“legacy SMS revenue”) has decreased, and been offset by a corresponding increase in subscription and software revenue as customers have transitioned to our aspenONE licensing model. Under our aspenONE licensing model and for point product arrangements with Premier Plus SMS included for the full contract term, the entire arrangement fee, including the SMS component, is included within subscription and software revenue.
		·	Installment payments from aspenONE agreements and from point product arrangements with SMS included for the contract term are not considered fixed or determinable, and as a result, are not included in installments receivable. Accordingly, our installments receivable balance has decreased as licenses previously executed under our upfront revenue model reached the end of their terms.
		·	The amount of our deferred revenue has increased as more revenue from our term license portfolio has been recognized on a ratable basis.
	(b)Revenue Recognition
	We generate revenue from the following sources: (1) licensing software products and SMS; and (2) providing professional services and training. We sell our software products to end users under fixed-term and perpetual licenses. As a standard business practice, we offer extended payment term options for our fixed-term license arrangements, which are generally payable on an annual basis. Many of our fixed-term license agreements include product mixing rights that allow customers the flexibility to change or alternate the use of multiple products included in the license arrangement after those products are delivered to the customer. We refer to these arrangements as token arrangements. Tokens are fixed units of measure. The amount of software usage is limited by the number of tokens purchased by the customer.
	Four basic criteria must be satisfied before software license revenue can be recognized: persuasive evidence of an arrangement between us and an end user; delivery of our product has occurred; the fee for the product is fixed or determinable; and collection of the fee is probable.
	Persuasive evidence of an arrangement—We use a signed contract as evidence of an arrangement for software licenses and SMS. For professional services we use a signed contract and a work proposal to evidence an arrangement. In cases where both a signed contract and a purchase order are required by the customer, we consider both taken together as evidence of the arrangement.
	Delivery of our product—Software and the corresponding access keys are generally delivered to customers electronically or via disk media with standard shipping terms of FOB Origin. Our software license agreements do not contain conditions for acceptance.
	Fee is fixed or determinable—We assess whether a fee is fixed or determinable at the outset of the arrangement. Significant judgment is involved in making this assessment.
	Under our upfront revenue model, we are able to demonstrate that the fees are fixed or determinable for all arrangements, including those for our term licenses that contain extended payment terms. We have an established history of collecting under the terms of these contracts without providing concessions to customers. In addition, we also assess whether a contract modification to an existing term arrangement constitutes a concession. In making this assessment, significant analysis is performed to ensure that no concessions are given. Our software license agreements do not include a right of return or exchange. For license arrangements executed under the upfront revenue model, we recognize license revenue upon delivery of the software product, provided all other revenue recognition requirements are met.
	We cannot assert that the fees under our aspenONE licensing model and point product arrangements with Premier Plus SMS are fixed or determinable because the rights provided to customers, and the economics of the arrangements, are not comparable to our transactions with other customers under the upfront revenue model. As a result, the amount of revenue recognized for these arrangements is limited by the amount of customer payments that become due.
	Collection of fee is probable—We assess the probability of collecting from each customer at the outset of the arrangement based on a number of factors, including the customer’s payment history, its current creditworthiness, economic conditions in the customer’s industry and geographic location, and general economic conditions. If in our judgment collection of a fee is not probable, revenue is recognized as cash is collected, provided all other conditions for revenue recognition have been met.
	Vendor-Specific Objective Evidence of Fair Value
	We have established VSOE for certain SMS offerings, professional services, and training, but not for our software products or our Premier Plus SMS offering. We assess VSOE for SMS, professional services, and training, based on an analysis of standalone sales of the offerings using the bell-shaped curve approach. We do not have a history of selling our Premier Plus SMS offering to customers on a standalone basis, and as a result are unable to establish VSOE for this deliverable. As of July 1, 2014, we are no longer able to establish VSOE for legacy SMS offerings sold with our perpetual license arrangements. As a result, all perpetual license agreements that include legacy SMS entered into subsequent to June 30, 2014 are being recognized ratably over the legacy SMS service period. Loss of VSOE on legacy SMS offerings sold with our perpetual license arrangements did not have a material impact on our revenue during the three and six months ended December 31, 2014.
	We allocate the arrangement consideration among the elements included in our multi-element arrangements using the residual method. Under the residual method, the VSOE of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue upon delivery of the software, assuming all other revenue recognition criteria are met. If VSOE does not exist for an undelivered element in an arrangement, revenue is deferred until such evidence does exist for the undelivered elements, or until all elements are delivered, whichever is earlier. Under the upfront revenue model, the residual license fee is recognized upon delivery of the software provided all other revenue recognition criteria were met. Arrangements that qualified for upfront recognition during fiscal 2014 and prior periods included sales of perpetual licenses, amendments to existing legacy term arrangements and renewals of legacy term arrangements.
	Subscription and Software Revenue
	Subscription and software revenue consists of product and related revenue from our (i) aspenONE licensing model, including Premier Plus SMS; (ii) point product arrangements with our Premier Plus SMS offering included for the contract term; (iii) legacy arrangements including (a) amendments to existing legacy term arrangements, (b) renewals of legacy term arrangements and (c) legacy arrangements that are being recognized over time as a result of not previously meeting one or more of the requirements for recognition under the upfront revenue model; (iv) legacy SMS arrangements; and (v) perpetual arrangements.
	When a customer elects to license our products under our aspenONE licensing model, our Premier Plus SMS offering is included for the entire term of the arrangement and the customer receives, for the term of the arrangement, the right to any new unspecified future software products and updates that may be introduced into the licensed aspenONE software suite. Due to our obligation to provide unspecified future software products and updates, we are required to recognize revenue ratably over the term of the arrangement, once the other revenue recognition criteria noted above have been met.
	Our point product arrangements with Premier Plus SMS include SMS for the term of the arrangement. Since we do not have VSOE for our Premier Plus SMS offering, the SMS element of our point product arrangements is not separable. As a result, revenue associated with point product arrangements with Premier Plus SMS included for the contract term is recognized ratably over the term of the arrangement, once the other revenue recognition criteria have been met.
	Perpetual and legacy term license arrangements do not include the same rights as those provided to customers under the aspenONE licensing model and point product arrangements with Premier Plus SMS. Legacy SMS revenue is generated from legacy SMS offerings provided in support of perpetual and legacy term license arrangements. Customers typically receive SMS for one year and then can elect to renew SMS annually. During fiscal 2014 and prior periods, we had VSOE for certain legacy SMS offerings sold with perpetual and term license arrangements and could therefore separate the undelivered elements. Accordingly, license fee revenue for perpetual and legacy term license arrangements was recognized upon delivery of the software products using the residual method, provided all other revenue recognition requirements were met. VSOE of fair value for the undelivered SMS component sold with our perpetual and term license arrangements was deferred and subsequently amortized into revenue ratably over the contractual term of the SMS arrangement. As of July 1, 2014, we are no longer able to establish VSOE for our legacy SMS offerings sold with our perpetual license arrangements. As a result, all perpetual license agreements that include legacy SMS entered into subsequent to June 30, 2014 are being recognized ratably over the legacy SMS service period. Loss of VSOE on legacy SMS offerings sold with our perpetual license arrangements did not have a material impact on revenue during the three and six months ended December 31, 2014.
	Services and Other Revenue
	Professional Services Revenue
	Professional services are provided to customers on a time-and-materials (T&M) or fixed-price basis. We recognize professional services fees for our T&M contracts based upon hours worked and contractually agreed-upon hourly rates. Revenue from fixed-price engagements is recognized using the proportional performance method based on the ratio of costs incurred to the total estimated project costs. Project costs are typically expensed as incurred. The use of the proportional performance method is dependent upon our ability to reliably estimate the costs to complete a project. We use historical experience as a basis for future estimates to complete current projects. Additionally, we believe that costs are the best available measure of performance. Out-of-pocket expenses which are reimbursed by customers are recorded as revenue.
	In certain circumstances, professional services revenue may be recognized over a time period longer than the period over which the services are performed.  If the costs to complete a project are not estimable or the completion is uncertain, the revenue is recognized upon completion of the services. In circumstances in which professional services are sold as a single arrangement with, or in contemplation of, a new aspenONE license or point product arrangement with Premier Plus SMS, revenue is deferred and recognized on a ratable basis over the longer of (i) the period the services are performed or (ii) the license term.  When we provide professional services considered essential to the functionality of the software, we recognize the combined revenue from the sale of the software and related services using the completed contract or percentage-of-completion method.
	We have occasionally been required to commit unanticipated additional resources to complete projects, which resulted in losses on those contracts. Provisions for estimated losses on contracts are made during the period in which such losses become probable and can be reasonably estimated.
	Training Revenue
	We provide training services to our customers, including on-site, Internet-based and customized training. Revenue is recognized in the period in which the services are performed. In circumstances in which training services are sold as a single arrangement with, or in contemplation of, a new aspenONE license or point product arrangement with Premier Plus SMS, revenue is deferred and recognized on a ratable basis over the longer of (i) the period the services are performed or (ii) the license term.
	Deferred Revenue
	Deferred revenue includes amounts billed or collected in advance of revenue recognition, including arrangements under the aspenONE licensing model, point product arrangements with Premier Plus SMS, legacy SMS arrangements, professional services, and training.  Under the aspenONE licensing model and for point product arrangements with Premier Plus SMS, VSOE does not exist for the undelivered elements, and as a result the arrangement fees are recognized ratably (i.e., on a subscription basis) over the term of the license. Deferred revenue is recorded as each invoice becomes due.
	For arrangements under the upfront revenue model, a portion of the arrangement fee is generally recorded as deferred revenue due to the inclusion of an undelivered element, typically our legacy SMS offering or professional services. The amount of revenue allocated to undelivered elements is based on the VSOE for those elements using the residual method, and is earned and recognized as revenue as each element is delivered.
	(c)  Loss Contingencies
	We accrue estimated liabilities for loss contingencies arising from claims, assessments, litigation and other sources when it is probable that a liability has been incurred and the amount of the claim, assessment or damages can be reasonably estimated. We believe that we have sufficient accruals to cover any obligations resulting from claims, assessments or litigation that have met these criteria. Please refer to Note 11 for discussion of these matters and related liability accruals.
	(d)Foreign Currency Transactions
	Foreign currency exchange gains and (losses) generated from the settlement and remeasurement of transactions denominated in currencies other than the functional currency of our subsidiaries are recognized in our results of operations as incurred as a component of other income (expense), net. Net foreign currency (losses) were ($0.2) million and ($0.1) million during the three and six months ended December 31, 2014 and ($0.5) million and ($1.3) million during the three and six months ended December 31, 2013, respectively.
	(e)Recently Issued Accounting Pronouncements
	In May 2014, FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. ASU No. 2014-09 was issued by the FASB as a part of the joint project with the International Accounting Standards Board to clarify revenue recognition principles and develop a common revenue standard for GAAP and International Financial Reporting Standards.
	ASU No. 2014-09 is effective for the fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption of ASU No. 2014-09 is not permitted. The amendments included within ASU No. 2014-09 should be applied by using one of the following methods:
	Retrospectively to each prior reporting period presented. The entity may elect any of the practical expedients described in ASU No. 2014-09 when applying this method.
	Retrospectively with the cumulative effect of initially applying ASU No. 2014-09 recognized at the date of initial application. In the reporting periods that include the date of the initial application of ASU No. 2014-09, the entity should disclose the amount by which each financial statement line item is affected by the application of ASU No. 2014-09 in the current reporting period as compared to the guidance that was in effect before the change.
	We expect to adopt ASU No. 2014-09 during the first quarter of fiscal 2018. We are currently evaluating the impact of ASU No. 2014-09 on our financial position, results of operations and cash flows.
	(f)Other
	For further information with regard to our “Significant Accounting Policies,” please refer to Note 2 of our Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2014.

Marketable_Securities

Marketable Securities	6 Months Ended
	Dec. 31, 2014
Marketable Securities
Marketable Securities	3.  Marketable Securities
	The following table summarizes the fair value, the amortized cost and unrealized holding gains (losses) on our marketable securities as of December 31, 2014 and June 30, 2014:
		Fair Value		Cost		Unrealized		Unrealized
						Gains		Losses
		(Dollars in Thousands)
	December 31, 2014:
	U.S. corporate bonds	$	72,675	$	72,722	$	5	$	(51	)
	Total short-term marketable securities	$	72,675	$	72,722	$	5	$	(51	)
	U.S. corporate bonds	$	25,334	$	25,397	$	5	$	(67	)
	Total long-term marketable securities	$	25,334	$	25,397	$	5	$	(67	)
	June 30, 2014:
	U.S. corporate bonds	$	67,619	$	67,587	$	39	$	(7	)
	Total short-term marketable securities	$	67,619	$	67,587	$	39	$	(7	)
	U.S. corporate bonds	$	31,270	$	31,290	$	1	$	(21	)
	Total long-term marketable securities	$	31,270	$	31,290	$	1	$	(21	)
	Our marketable securities are classified as available-for-sale and reported at fair value on the unaudited consolidated balance sheets. Net unrealized gains (losses) are reported as a separate component of accumulated other comprehensive income, net of tax. Realized gains and (losses) on investments are recognized in earnings as incurred. Our investments consist primarily of investment grade fixed income corporate debt securities with maturity dates ranging from January 2015 through August 2016 as of December 31, 2014 and from July 2014 through May 2016 as of June 30, 2014.
	We review our marketable securities for impairment at each reporting period to determine if any of our securities have experienced an other-than-temporary decline in fair value in accordance with the provisions of ASC Topic 320, Investments- Debt and Equity Securities. We consider factors, such as the length of time and extent to which the market value has been less than the cost, the financial condition and near-term prospects of the issuer, our intent to sell, and whether it is more likely than not we will be required to sell the investment before recovery of its amortized cost basis. If we believe that an other-than-temporary decline in fair value has occurred, we write down the investment to fair value and recognize the credit loss in earnings and the non-credit loss in accumulated other comprehensive income. As of December 31, 2014 and 2013, our marketable securities were not considered other-than-temporarily impaired and, as such, we did not recognize impairment losses during the three and six months periods then ended. Unrealized losses are attributable to changes in interest rates.

Goodwill

Goodwill	6 Months Ended
	Dec. 31, 2014
Goodwill
Goodwill	4. Goodwill
	During fiscal 2014, we re-aligned our reporting units to reflect our revised operating and reportable segment structure (refer to Note 12). Prior to fiscal 2014, we had three reporting units: license; SMS, training and other; and professional services. During fiscal 2014, we re-aligned our reporting units into subscription and software; and services. As a result of this re-alignment, goodwill assigned to the subscription and software reporting unit included combined goodwill of the license; and SMS, training and other reporting units. The carrying amount of goodwill of the services reporting unit was zero at December 31, 2014, June 30, 2014 and June 30, 2013 and consisted of fully impaired gross goodwill of $5.1 million.
	The changes in the carrying amount of goodwill for our subscription and software reporting unit during the six months ended December 31, 2014 and fiscal year ended June 30, 2014 were as follows:
		Amount
		(Dollars in
		Thousands)
	Balance as of June 30, 2013:
	Goodwill	$	84,701
	Accumulated impairment losses	(65,569		)
		$	19,132
	Effect of currency translation	144
	Balance as of June 30, 2014:
	Goodwill	$	84,845
	Accumulated impairment losses	(65,569		)
		$	19,276
	Effect of currency translation	(1,231		)
	Balance as of December 31, 2014:
	Goodwill	$	83,614
	Accumulated impairment losses	(65,569		)
		$	18,045
	We test goodwill for impairment annually (or more often if impairment indicators arise), at the reporting unit level. We first assess qualitative factors to determine whether the existence of events or circumstances indicates that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If we determine, based on this assessment, that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we perform the two-step goodwill impairment test. The first step requires us to determine the fair value of the reporting unit and compare it to the carrying amount, including goodwill, of such reporting unit. If the fair value exceeds the carrying amount, no impairment loss is recognized. However, if the carrying amount of the reporting unit exceeds its fair value, the goodwill of the unit may be impaired. The amount of impairment, if any, is measured based upon the implied fair value of goodwill at the valuation date.
	Fair value of a reporting unit is determined using a combined weighted average of a market-based approach (utilizing fair value multiples of comparable publicly traded companies) and an income-based approach (utilizing discounted projected cash flows). In applying the income-based approach, we would be required to make assumptions about the amount and timing of future expected cash flows, growth rates and appropriate discount rates. The amount and timing of future cash flows would be based on our most recent long-term financial projections. The discount rate we would utilize would be determined using estimates of market participant risk-adjusted weighted-average costs of capital and reflect the risks associated with achieving future cash flows.
	We have elected December 31st as the annual impairment assessment date and perform additional impairment tests if triggering events occur.  We performed our annual impairment test for the subscription and software reporting unit as of December 31, 2014, and, based upon the results of our qualitative assessment, determined that it was not likely that its fair value was less than its carrying amount. As such, we did not perform the two-step goodwill impairment test and did not recognize impairment losses as a result of our analysis. If an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value, goodwill will be evaluated for impairment between annual tests.

Income_Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2014
Income Taxes
Income Taxes	5.   Income Taxes
	The effective tax rate for the periods presented is primarily the result of income earned in the U.S., taxed at U.S. federal and state statutory income tax rates, income earned in foreign tax jurisdictions taxed at the applicable rates, as well as the impact of permanent differences between book and tax income.
	Our effective tax rate for the three months ended December 31, 2014 was 34.3% as compared to 35.2% for the corresponding period of the prior fiscal year. Our effective tax rate for the six months ended December 31, 2014 was 34.9% as compared to 36.5% for the corresponding period of the prior fiscal year. During the three and six months ended December 31, 2014 and 2013, our income tax expense was driven primarily by pre-tax profitability in our domestic and foreign operations and the impact of permanent items, including non-deductible stock-based compensation expense, slightly offset by a benefit from a U.S. domestic production activity deduction. Our effective tax rate for the three and six months ended December 31, 2014 and 2013 differs from the U.S. federal statutory income tax rate primarily as a result of the impact of the permanent items.
	We use the “with and without” ordering approach to calculate our tax provision.  This methodology requires us to utilize all other tax attributes before recognizing excess tax benefits. Excess tax benefits are generated when the deductible value of stock-based compensation for income tax purposes exceeds the value recognized for financial statement purposes. Excess tax benefits are not included as a component of deferred tax assets. When realized, excess tax benefits reduce income taxes payable and increase additional paid in capital. During the second quarter of fiscal 2015, we recognized $7.7 million from excess tax benefits.  In our unaudited consolidated statements of cash flows, the excess tax benefits are reported as both a $7.7 million source of cash flow from financing activities with an equivalent offsetting reduction to cash flow from operating activities.
	Deferred income taxes are recognized based on temporary differences between the financial statement and tax bases of assets and liabilities. Deferred tax assets and liabilities are measured using the statutory tax rates and laws expected to apply to taxable income in the years in which the temporary differences are expected to reverse. Valuation allowances are provided against net deferred tax assets if, based upon the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the timing of the temporary differences becoming deductible.  Management considers, among other available information, scheduled reversals of deferred tax liabilities, projected future taxable income, limitations of availability of net operating loss carryforwards, and other matters in making this assessment.
	We do not provide deferred taxes on unremitted earnings of foreign subsidiaries since we intend to indefinitely reinvest those earnings either currently or sometime in the foreseeable future. Unrecognized provisions for taxes on undistributed earnings of foreign subsidiaries, which are considered indefinitely reinvested, are not material to our consolidated financial position or results of operations.

Fair_Value

Fair Value	6 Months Ended
	Dec. 31, 2014
Fair Value
Fair Value	6.   Fair Value
	We determine fair value by utilizing a fair value hierarchy that ranks the quality and reliability of the information used in its determination. Fair values determined using “Level 1 inputs” utilize unadjusted quoted prices in active markets for identical assets or liabilities that we have the ability to access. Fair values determined using “Level 2 inputs” utilize data points that are observable, such as quoted prices, interest rates and yield curves for similar assets and liabilities.
	Cash equivalents of $138.8 million and $175.9 million as of December 31, 2014 and June 30, 2014, respectively, are reported at fair value utilizing quoted market prices in identical markets, or “Level 1 inputs.” Our cash equivalents consist of short-term, highly liquid investments with remaining maturities of three months or less when purchased.
	Marketable securities of $98.0 million and $98.9 million as of December 31, 2014 and June 30, 2014, respectively, are reported at fair value calculated in accordance with the market approach, utilizing market consensus pricing models with quoted prices that are directly or indirectly observable, or “Level 2 inputs.”
	Financial instruments not measured or recorded at fair value in the accompanying unaudited consolidated financial statements consist of accounts receivable, installments receivable and accounts payable. The estimated fair value of these financial instruments approximates their carrying value.

Supplementary_Balance_Sheet_In

Supplementary Balance Sheet Information	6 Months Ended
	Dec. 31, 2014
Supplementary Balance Sheet Information
Supplementary Balance Sheet Information	7.  Supplementary Balance Sheet Information
	The following table summarizes our accounts receivable, net of the related allowance for doubtful accounts, as of December 31, 2014 and June 30, 2014.
			Gross			Allowance			Net
			(Dollars in Thousands)
	December 31, 2014:
	Accounts receivable		$	22,042		$	2,464		$	19,578
			$	22,042		$	2,464		$	19,578
	June 30, 2014:
	Accounts receivable		$	41,997		$	3,465		$	38,532
			$	41,997		$	3,465		$	38,532
	As of December 31, 2014, one customer’s receivable balance represented approximately 19% of our total receivables.
	Property, equipment and leasehold improvements in the accompanying unaudited consolidated balance sheets consist of the following:
			December 31,			June 30,
			2014			2014
			(Dollars in Thousands)
	Property, equipment and leasehold improvements - at cost:
	Computer equipment		$	11,252		$	11,772
	Purchased software		25,405			23,720
	Furniture & fixtures		5,168			4,530
	Leasehold improvements		10,568			3,448
	Accumulated depreciation		(34,066		)	(35,882		)
	Property, equipment and leasehold improvements - net		$	18,327		$	7,588
	Accrued expenses and other current liabilities in the accompanying unaudited consolidated balance sheets consist of the following:
			December 31,			June 30,
			2014			2014
			(Dollars in Thousands)
	Royalties and outside commissions		$	3,288		$	3,596
	Payroll and payroll-related		13,574			19,347
	Other		15,122			12,041
	Total accrued expenses and other current liabilities		$	31,984		$	34,984
	Other non-current liabilities in the accompanying unaudited consolidated balance sheets consist of the following:
			December 31,			June 30,
			2014			2014
			(Dollars in Thousands)
	Deferred rent (1)		$	4,888		$	402
	Other (2)		26,117			11,448
	Total other non-current liabilities		$	31,005		$	11,850
		-1		During the six months ended December 31, 2014, we received $6.1 million of landlord-funded leasehold improvements related to our new principal executive offices located in Bedford, Massachusetts.  The landlord-funded leasehold improvements are recorded as property, plant and equipment and deferred rent in our unaudited consolidated balance sheets as of December 31, 2014. The landlord-funded leasehold improvements were recorded as deferred rent and will be amortized as a reduction to rent expense over the life of the lease. During fiscal 2014, we made $1.5 million of improvements to the Bedford, Massachusetts offices that were determined to be owned by the landlord. As of June 30, 2014, the $1.5 million of improvements were recorded within other non-current assets in our consolidated balance sheets and reclassified as a reduction to deferred rent during the second quarter of fiscal 2015. The $1.5 million of improvements will be amortized as additional rent expense over the life of the lease. Please refer to Note 11 for further information on the lease.
		-2		Other is comprised primarily of our net reserve for uncertain tax liabilities of $23.7 million and $9.3 million as of December 31, 2014 and June 30, 2014, respectively. We account for unrecognized tax benefits in accordance with ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. In accordance with ASU 2013-11, deferred tax assets should be presented net of liabilities for uncertain tax positions provided there are specific deferred tax assets available to settle the uncertain income tax liabilities. As of June 30, 2014, we had sufficient deferred tax assets available to settle a portion of our reserve for uncertain tax positions, and consequently, a only a portion of our total reserve for uncertain tax positions was reported as a non-current liability in our consolidated balance sheets.  As of December 31, 2014, we no longer had deferred tax assets available to net against our reserve for uncertain tax positions and the total reserve for uncertain tax liabilities is reported as a non-current liability. Our total reserve for uncertain tax positions was approximately $24.0 million as of December 31, 2014 and June 30, 2014.

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Dec. 31, 2014
Stock-Based Compensation
Stock-Based Compensation	8.  Stock-Based Compensation
	General Award Terms
	We issue stock options and restricted stock units (RSUs) to our employees and outside directors, pursuant to stockholder-approved equity compensation plans. Option awards are granted with an exercise price equal to the market closing price of our stock on the trading day prior to the grant date; those options generally vest over four years and expire within 7 or 10 years of grant. RSUs generally vest over four years. Historically, our practice has been to settle stock option exercises and RSU vesting through newly-issued shares.
	Stock-Based Compensation Accounting
	We recognize stock-based compensation expense on a straight-line basis, net of forfeitures, over the requisite service period for time-vested awards. Our share-based awards are accounted for as equity instruments. Our policy is to issue new shares upon the exercise of stock awards.
	We utilize the Black-Scholes option valuation model for estimating the fair value of options granted. The Black-Scholes option valuation model incorporates assumptions regarding expected stock price volatility, the expected life of the option, the risk-free interest rate, dividend yield and the market value of our common stock. The expected stock price volatility is determined based on our stock’s historic prices over a period commensurate with the expected life of the award. The expected life of an option represents the period for which options are expected to be outstanding as determined by historic option exercises and post-vesting cancellations. The risk-free interest rate is based on the U.S. Treasury yield curve for notes with terms approximating the expected life of the options granted. The expected dividend yield is zero, based on our history and expectation of not paying dividends on common shares.
	The weighted average estimated fair value of option awards granted during the three months ended December 31, 2013 was $10.86. There were no option awards granted during the three months ended December 31, 2014. The weighted average estimated fair value of option awards granted during the six months ended December 31, 2014 and 2013 was $13.64 and $11.33, respectively.
	We utilized the Black-Scholes option valuation model with the following weighted average assumptions:
		Six Months Ended
		December 31,
		2014		2013
	Risk-free interest rate	1.5	%	1.3	%
	Expected dividend yield	0.0	%	0.0	%
	Expected life (in years)	4.5		4.6
	Expected volatility factor	35.0	%	39.3	%
	The stock-based compensation expense and its classification in the unaudited consolidated statements of operations for the three and six months ended December 31, 2014 and 2013 are as follows:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2014			2013			2014			2013
		(Dollars in Thousands)
	Recorded as expenses:
	Cost of services and other	$	339		$	327		$	677		$	628
	Selling and marketing	754			710			1,504			1,821
	Research and development	973			889			1,964			1,745
	General and administrative	1,396			1,225			3,521			3,344
	Total stock-based compensation	$	3,462		$	3,151		$	7,666		$	7,538
	A summary of stock option and RSU activity under all equity plans for the six months ended December 31, 2014 is as follows:
		Stock Options										Restricted Stock Units
		Shares		Weighted			Weighted		Aggregate			Shares		Weighted
				Average			Average		Intrinsic Value					Average
				Exercise			Remaining		(in 000’s)					Grant Date
				Price			Contractual							Fair Value
							Term
	Outstanding at June 30, 2014	1,246,528		$	20.3		7.14		$	32,543		617,269		$	25.74
	Granted	281,085		43.44								331,742		43.44
	Settled (RSUs)	—										(211,020	)	27.51
	Exercised	(112,417	)	13.48								—
	Cancelled / Forfeited	(24,058	)	25.22								(27,197	)	25.45
	Outstanding at December 31, 2014	1,391,138		$	25.44		7.35		$	15,754		710,794		$	33.49
	Vested and exercisable at December 31, 2014	800,889		$	19.5		6.43		$	12,831		—
	Vested and expected to vest as of December 31, 2014	1,314,255		$	25		7.28		$	15,342		617,512		$	33.58
	The weighted average grant-date fair value of RSUs granted during the six months ended December 31, 2014 was $43.44, and during the three and six months ended December 31, 2013 was $38.10 and $32.61, respectively. There were no RSUs granted during the three months ended December 31, 2014. During the three months ended December 31, 2014 and 2013, the total fair value of shares vested from RSU grants was $3.5 million and $5.0 million, respectively, and during the six months ended December 31, 2014 and 2013 was $7.7 million and $12.2 million, respectively.
	At December 31, 2014, the total future unrecognized compensation cost related to stock options and RSUs was $5.9 million and $20.6 million, respectively, and is expected to be recorded over a weighted average period of 2.8 years each, respectively.
	The total intrinsic value of options exercised during the three months ended December 31, 2014 and 2013 was $0.7 million and $2.7 million, respectively. The total intrinsic value of options exercised during the six months ended December 31, 2014 and 2013 was $3.0 million and $9.2 million, respectively. We received $1.5 million and $4.4 million in cash proceeds from option exercises during the six months ended December 31, 2014 and 2013, respectively.  We paid $2.7 million and $4.2 million for withholding taxes on vested RSUs during the six months ended December 31, 2014 and 2013, respectively.
	At December 31, 2014, common stock reserved for future issuance or settlement under equity compensation plans was 6.3 million shares.

Stockholders_Equity

Stockholders' Equity	6 Months Ended
	Dec. 31, 2014
Stockholders' Equity
Stockholders' Equity	9.  Stockholders’ Equity
	Stock Repurchases
	On April 23, 2014, our Board of Directors approved a share repurchase program for up to $200 million worth of our common stock and terminated the previous program that had been approved by the Board of Directors on April 23, 2013. The previous program had an authorized value of up to $150 million and remaining capacity of approximately $37.5 million when terminated. The timing and amount of any shares repurchased are based on market conditions and other factors. All share repurchases of our common stock have been recorded as treasury stock under the cost method.
	We repurchased 3,044,317 shares of our common stock for $117.0 million during the six months ended December 31, 2014. We repurchased 3,110,114 shares of our common stock for $121.8 million during fiscal 2014. As of December 31, 2014, the remaining dollar value under the stock repurchase program approved on April 23, 2014 was $58.1 million.
	Accumulated Other Comprehensive Income
	As of December 31, 2014 and 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $6.9 million and $8.6 million and net unrealized gains (losses) on available for sale securities of ($0.1 million) and less than $0.1 million, respectively. As of September 30, 2014 and 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $7.8 million and $8.7 million and net unrealized gains (losses) on available for sale securities of less than $0.1 million each, respectively.
	As of June 30, 2014 and 2013, accumulated other comprehensive income was comprised of foreign translation adjustments of $9.4 million and $7.3 million and net unrealized gains (losses) on available for sale securities of less than $0.1 million and ($0.1 million), respectively.

Net_Income_Per_Share

Net Income Per Share	6 Months Ended
	Dec. 31, 2014
Net Income Per Share
Net Income (Loss) Per Share	10.  Net Income Per Share
	Basic income per share is determined by dividing net income by the weighted average common shares outstanding during the period. Diluted income per share is determined by dividing net income by diluted weighted average shares outstanding during the period. Diluted weighted average shares reflect the dilutive effect, if any, of potential common shares. To the extent their effect is dilutive, employee equity awards and other commitments to be settled in common stock are included in the calculation of diluted net income per share based on the treasury stock method.
	The calculations of basic and diluted net income per share and basic and dilutive weighted average shares outstanding for the three and six months ended December 31, 2014 and 2013 are as follows:
		Three Months Ended					Six Months Ended
		December 31,					December 31,
		2014			2013		2014		2013
		(Dollars and Shares in Thousands, Except per Share Data)
	Net income	$	30,464		$	23,263	$	59,432	$	38,262
	Weighted average shares outstanding	89,942			92,839		90,562		93,124
	Dilutive impact from:
	Share-based payment awards	529			977		634		1,013
	Dilutive weighted average shares outstanding	90,471			93,816		91,196		94,137
	Income per share
	Basic	$	0.34		$	0.25	$	0.66	$	0.41
	Dilutive	$	0.34		$	0.25	$	0.65	$	0.41
	For the three and six months ended December 31, 2014 and 2013, certain employee equity awards were anti-dilutive based on the treasury stock method. Additionally, options to purchase 287,463 shares of our common stock were not included in the computation of dilutive weighted average shares outstanding, as of December 31, 2014, because their exercise prices ranged from $38.71 per share to $47.40 per share and were greater than the average market price of our common stock during the three and six months ended December 31, 2014.  These options were outstanding as of December 31, 2014 and expire at various dates through July 31, 2024.
	The following employee equity awards were excluded from the calculation of dilutive weighted average shares outstanding because their effect would be anti-dilutive as of December 31, 2014 and 2013:
		Three Months Ended				Six Months Ended
		December 31,				December 31,
		2014		2013		2014	2013
		(Shares in Thousands)
	Employee equity awards	832		312		640	652

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2014
Commitments and Contingencies
Commitments and Contingencies	11. Commitments and Contingencies
	Operating Leases
	We lease certain facilities under non-cancellable operating leases with terms in excess of one year. Rental expense on leased facilities under operating leases was approximately $2.1 million and $1.8 million during the three months ended December 31, 2014 and 2013 and $3.8 million and $3.6 million during the six months ended December 31, 2014 and 2013, respectively.
	During fiscal 2014, we entered into a lease agreement for our new principal executive offices located in Bedford, Massachusetts. The lease commenced on November 1, 2014, has an initial term of 10 years and five months and is for 142,673 square feet of office space. We may extend the term of the lease, subject to certain terms and conditions, for two successive terms of five years each. Base annual rent is subject to escalating payments over the term of the lease and will range between approximately $2.2 million and $3.9 million in addition to our proportionate share of operating expenses and real estate taxes. Future minimum non-cancelable lease payments amount to approximately $35.7 million over the lease term. As of December 31, 2014, estimated aggregate capital expenditures related to the build out of our office space in Bedford, Massachusetts are expected to total approximately $9.2 million, of which $7.8 million represents binding contractual obligations. As of December 31, 2014, we have made cumulative payments of approximately $5.0 million under these obligations and expect to make remaining payments of $2.8 million during fiscal 2015. We occupied 105,874 square feet of the Bedford, Massachusetts facility on November 1, 2014 and expect to move into the remaining 36,799 square feet on February 1, 2015.
	Other
	In the ordinary course of business, we are, from time to time, involved in lawsuits, claims, investigations, proceedings and threats of litigation, including proceedings related to intellectual property rights. These matters include an April 2004 claim by a customer that certain of our software products and implementation services failed to meet the customer’s expectations. In March 2014, a judgment was issued in favor of the claimant customer against us in the amount of approximately $2.6 million plus interest and a portion of legal fees. We have filed an appeal of the judgment.
	While the outcome of the proceedings and claims referenced above cannot be predicted with certainty, there were no such matters, as of December 31, 2014 that, in the opinion of management, were reasonably possible to have a material adverse effect on our financial position, results of operations or cash flows. Liabilities, if applicable, related to the aforementioned matters discussed in this Note have been included in our accrued liabilities at December 31, 2014, and were not material to our financial position for the six months period then ended. We do not believe that, as of December 31, 2014, there is a reasonable possibility of a material loss exceeding the amounts already accrued for the proceedings or matters discussed above. However, the results of litigation (including the above-referenced appeal) and claims cannot be predicted with certainty; unfavorable resolutions are possible and could materially affect our results of operations, cash flows or financial position. In addition, regardless of the outcome, litigation could have an adverse impact on us because of attorneys’ fees and costs, diversion of management resources and other factors.

Segment_Information

Segment Information	6 Months Ended
	Dec. 31, 2014
Segment Information
Segment Information	12.  Segment Information
	Operating segments are defined as components of an enterprise that engage in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker in deciding how to allocate resources and to assess performance. Our chief operating decision maker is our President and Chief Executive Officer.
	Prior to fiscal 2014, we had three operating and reportable segments: license; SMS, training and other; and professional services. During fiscal 2014, we re-aligned our operating and reportable segments into i) subscription and software; and ii) services, in order to conform our segment structure to the manner in which our President and Chief Executive Officer manages our business.
	The subscription and software segment is engaged in the licensing of process optimization software solutions and associated support services. The services segment includes professional services and training.
	The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies (refer to Note 2 in the financial statements of our Form 10-K for the year ended June 30, 2014). We do not track assets or capital expenditures by operating segments. Consequently, it is not practical to present assets, capital expenditures, depreciation or amortization by operating segments.
	The following table presents a summary of our reportable segments’ profits:
			Subscription			Services			Total
			and software
			(Dollars in Thousands)
	Three Months Ended December 31, 2014
	Segment revenue		$	98,716		$	9,074		$	107,790
	Segment expenses (1)		(43,986		)	(7,057		)	(51,043		)
	Segment profit		$	54,730		$	2,017		$	56,747
	Three Months Ended December 31, 2013
	Segment revenue		$	88,924		$	9,845		$	98,769
	Segment expenses (1)		(44,216		)	(7,421		)	(51,637		)
	Segment profit		$	44,708		$	2,424		$	47,132
	Six Months Ended December 31, 2014
	Segment revenue		$	197,459		$	17,457		$	214,916
	Segment expenses (1)		(87,073		)	(14,237		)	(101,310		)
	Segment profit		$	110,386		$	3,220		$	113,606
	Six Months Ended December 31, 2013
	Segment revenue		$	167,607		$	18,727		$	186,334
	Segment expenses (1)		(87,601		)	(14,879		)	(102,480		)
	Segment profit		$	80,006		$	3,848		$	83,854
		-1		Our reportable segments’ operating expenses include expenses directly attributable to the segments. Segment expenses do not include allocations of general and administrative; restructuring; interest income, net; and other (income) expense, net. As a result of the operating and reportable segments realignment, certain costs are more directly attributable to our new operating segments. Starting with fiscal 2014, segment expenses include selling and marketing, research and development, stock-based compensation and certain corporate expenses incurred in support of the segments. Prior to fiscal 2014, segment expenses included certain allocations of selling and marketing; general and administrative; and research and development and did not include restructuring and other corporate expenses incurred in support of these functions.
	Reconciliation to Income Before Income Taxes
	The following table presents a reconciliation of total segment profit to income before income taxes for the three and six months ended December 31, 2014 and 2013:
			Three Months Ended						Six Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
			(Dollars in Thousands)
	Total segment profit for reportable segments		$	56,747		$	47,132		$	113,606		$	83,854
	General and administrative		(10,226		)	(11,020		)	(22,451		)	(22,893		)
	Other income (expense), net		(248		)	(531		)	(60		)	(1,335		)
	Interest income (net)		128			299			261			668
	Income before income taxes		$	46,401		$	35,880		$	91,356		$	60,294

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2014
Significant Accounting Policies
Overview of Licensing Model Changes	(a)Overview of Licensing Model Changes
	Transition to the aspenONE Licensing Model
	Prior to fiscal 2010, we offered term or perpetual licenses to specific products, or specifically defined sets of products, which we refer to as point products. The majority of our license revenue was recognized under an “upfront revenue model,” in which the net present value of the aggregate license fees was recognized as revenue upon shipment of the point products. Customers typically received one year of post-contract software maintenance and support, or SMS, with their license agreements and then could elect to renew SMS annually. Revenue from SMS was recognized ratably over the period in which the SMS was delivered.
	In fiscal 2010, we introduced the following changes to our licensing model:
		(i)	We began offering our software on a subscription basis, allowing our customers access to all products within a licensed suite (aspenONE Engineering or aspenONE Manufacturing and Supply Chain). SMS is included for the entire term of the arrangement and customers are entitled to any software products or updates introduced into the licensed suite. We refer to this license arrangement as our aspenONE licensing model.
		(ii)	We began to include SMS for the entire term on our point product term arrangements.
	Beginning in fiscal 2012, we introduced our Premier Plus SMS offering to provide more value to our customers. As a part of this offering, customers receive 24x7 support, faster response times, dedicated technical advocates and access to web-based training modules.
	Revenue related to our aspenONE licensing model and to term point product license arrangements with Premier Plus SMS is recognized over the term of the arrangement on a ratable basis. The changes to our licensing model introduced in fiscal 2010 did not change the method or timing of customer billings or cash collections.
	Impact of Licensing Model Changes
	The principal accounting implications of the changes to our licensing model in fiscal 2010 are as follows:
		·	Prior to fiscal 2010, the majority of our license revenue was recognized on an upfront basis. Since the upfront model resulted in the net present value of multiple years of future installments being recognized at the time of shipment, the changes to our licensing model resulted in a reduction in our software license revenue for fiscal 2010, 2011 and 2012 as compared to the fiscal years preceding our licensing model changes. These changes did not impact the incurrence or timing of our expenses, and there was no corresponding expense reduction to offset the lower revenue, resulting in operating losses for fiscal 2010, 2011 and 2012.  By fiscal 2013, a sufficient number of license arrangements had been renewed on the aspenONE licensing model to generate ratable revenue sufficient to support an operating profit.
		·	Since fiscal 2010, revenue from annually renewable SMS arrangements (“legacy SMS revenue”) has decreased, and been offset by a corresponding increase in subscription and software revenue as customers have transitioned to our aspenONE licensing model. Under our aspenONE licensing model and for point product arrangements with Premier Plus SMS included for the full contract term, the entire arrangement fee, including the SMS component, is included within subscription and software revenue.
		·	Installment payments from aspenONE agreements and from point product arrangements with SMS included for the contract term are not considered fixed or determinable, and as a result, are not included in installments receivable. Accordingly, our installments receivable balance has decreased as licenses previously executed under our upfront revenue model reached the end of their terms.
		·	The amount of our deferred revenue has increased as more revenue from our term license portfolio has been recognized on a ratable basis.
Revenue Recognition	(b)Revenue Recognition
	We generate revenue from the following sources: (1) licensing software products and SMS; and (2) providing professional services and training. We sell our software products to end users under fixed-term and perpetual licenses. As a standard business practice, we offer extended payment term options for our fixed-term license arrangements, which are generally payable on an annual basis. Many of our fixed-term license agreements include product mixing rights that allow customers the flexibility to change or alternate the use of multiple products included in the license arrangement after those products are delivered to the customer. We refer to these arrangements as token arrangements. Tokens are fixed units of measure. The amount of software usage is limited by the number of tokens purchased by the customer.
	Four basic criteria must be satisfied before software license revenue can be recognized: persuasive evidence of an arrangement between us and an end user; delivery of our product has occurred; the fee for the product is fixed or determinable; and collection of the fee is probable.
	Persuasive evidence of an arrangement—We use a signed contract as evidence of an arrangement for software licenses and SMS. For professional services we use a signed contract and a work proposal to evidence an arrangement. In cases where both a signed contract and a purchase order are required by the customer, we consider both taken together as evidence of the arrangement.
	Delivery of our product—Software and the corresponding access keys are generally delivered to customers electronically or via disk media with standard shipping terms of FOB Origin. Our software license agreements do not contain conditions for acceptance.
	Fee is fixed or determinable—We assess whether a fee is fixed or determinable at the outset of the arrangement. Significant judgment is involved in making this assessment.
	Under our upfront revenue model, we are able to demonstrate that the fees are fixed or determinable for all arrangements, including those for our term licenses that contain extended payment terms. We have an established history of collecting under the terms of these contracts without providing concessions to customers. In addition, we also assess whether a contract modification to an existing term arrangement constitutes a concession. In making this assessment, significant analysis is performed to ensure that no concessions are given. Our software license agreements do not include a right of return or exchange. For license arrangements executed under the upfront revenue model, we recognize license revenue upon delivery of the software product, provided all other revenue recognition requirements are met.
	We cannot assert that the fees under our aspenONE licensing model and point product arrangements with Premier Plus SMS are fixed or determinable because the rights provided to customers, and the economics of the arrangements, are not comparable to our transactions with other customers under the upfront revenue model. As a result, the amount of revenue recognized for these arrangements is limited by the amount of customer payments that become due.
	Collection of fee is probable—We assess the probability of collecting from each customer at the outset of the arrangement based on a number of factors, including the customer’s payment history, its current creditworthiness, economic conditions in the customer’s industry and geographic location, and general economic conditions. If in our judgment collection of a fee is not probable, revenue is recognized as cash is collected, provided all other conditions for revenue recognition have been met.
	Vendor-Specific Objective Evidence of Fair Value
	We have established VSOE for certain SMS offerings, professional services, and training, but not for our software products or our Premier Plus SMS offering. We assess VSOE for SMS, professional services, and training, based on an analysis of standalone sales of the offerings using the bell-shaped curve approach. We do not have a history of selling our Premier Plus SMS offering to customers on a standalone basis, and as a result are unable to establish VSOE for this deliverable. As of July 1, 2014, we are no longer able to establish VSOE for legacy SMS offerings sold with our perpetual license arrangements. As a result, all perpetual license agreements that include legacy SMS entered into subsequent to June 30, 2014 are being recognized ratably over the legacy SMS service period. Loss of VSOE on legacy SMS offerings sold with our perpetual license arrangements did not have a material impact on our revenue during the three and six months ended December 31, 2014.
	We allocate the arrangement consideration among the elements included in our multi-element arrangements using the residual method. Under the residual method, the VSOE of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue upon delivery of the software, assuming all other revenue recognition criteria are met. If VSOE does not exist for an undelivered element in an arrangement, revenue is deferred until such evidence does exist for the undelivered elements, or until all elements are delivered, whichever is earlier. Under the upfront revenue model, the residual license fee is recognized upon delivery of the software provided all other revenue recognition criteria were met. Arrangements that qualified for upfront recognition during fiscal 2014 and prior periods included sales of perpetual licenses, amendments to existing legacy term arrangements and renewals of legacy term arrangements.
	Subscription and Software Revenue
	Subscription and software revenue consists of product and related revenue from our (i) aspenONE licensing model, including Premier Plus SMS; (ii) point product arrangements with our Premier Plus SMS offering included for the contract term; (iii) legacy arrangements including (a) amendments to existing legacy term arrangements, (b) renewals of legacy term arrangements and (c) legacy arrangements that are being recognized over time as a result of not previously meeting one or more of the requirements for recognition under the upfront revenue model; (iv) legacy SMS arrangements; and (v) perpetual arrangements.
	When a customer elects to license our products under our aspenONE licensing model, our Premier Plus SMS offering is included for the entire term of the arrangement and the customer receives, for the term of the arrangement, the right to any new unspecified future software products and updates that may be introduced into the licensed aspenONE software suite. Due to our obligation to provide unspecified future software products and updates, we are required to recognize revenue ratably over the term of the arrangement, once the other revenue recognition criteria noted above have been met.
	Our point product arrangements with Premier Plus SMS include SMS for the term of the arrangement. Since we do not have VSOE for our Premier Plus SMS offering, the SMS element of our point product arrangements is not separable. As a result, revenue associated with point product arrangements with Premier Plus SMS included for the contract term is recognized ratably over the term of the arrangement, once the other revenue recognition criteria have been met.
	Perpetual and legacy term license arrangements do not include the same rights as those provided to customers under the aspenONE licensing model and point product arrangements with Premier Plus SMS. Legacy SMS revenue is generated from legacy SMS offerings provided in support of perpetual and legacy term license arrangements. Customers typically receive SMS for one year and then can elect to renew SMS annually. During fiscal 2014 and prior periods, we had VSOE for certain legacy SMS offerings sold with perpetual and term license arrangements and could therefore separate the undelivered elements. Accordingly, license fee revenue for perpetual and legacy term license arrangements was recognized upon delivery of the software products using the residual method, provided all other revenue recognition requirements were met. VSOE of fair value for the undelivered SMS component sold with our perpetual and term license arrangements was deferred and subsequently amortized into revenue ratably over the contractual term of the SMS arrangement. As of July 1, 2014, we are no longer able to establish VSOE for our legacy SMS offerings sold with our perpetual license arrangements. As a result, all perpetual license agreements that include legacy SMS entered into subsequent to June 30, 2014 are being recognized ratably over the legacy SMS service period. Loss of VSOE on legacy SMS offerings sold with our perpetual license arrangements did not have a material impact on revenue during the three and six months ended December 31, 2014.
	Services and Other Revenue
	Professional Services Revenue
	Professional services are provided to customers on a time-and-materials (T&M) or fixed-price basis. We recognize professional services fees for our T&M contracts based upon hours worked and contractually agreed-upon hourly rates. Revenue from fixed-price engagements is recognized using the proportional performance method based on the ratio of costs incurred to the total estimated project costs. Project costs are typically expensed as incurred. The use of the proportional performance method is dependent upon our ability to reliably estimate the costs to complete a project. We use historical experience as a basis for future estimates to complete current projects. Additionally, we believe that costs are the best available measure of performance. Out-of-pocket expenses which are reimbursed by customers are recorded as revenue.
	In certain circumstances, professional services revenue may be recognized over a time period longer than the period over which the services are performed.  If the costs to complete a project are not estimable or the completion is uncertain, the revenue is recognized upon completion of the services. In circumstances in which professional services are sold as a single arrangement with, or in contemplation of, a new aspenONE license or point product arrangement with Premier Plus SMS, revenue is deferred and recognized on a ratable basis over the longer of (i) the period the services are performed or (ii) the license term.  When we provide professional services considered essential to the functionality of the software, we recognize the combined revenue from the sale of the software and related services using the completed contract or percentage-of-completion method.
	We have occasionally been required to commit unanticipated additional resources to complete projects, which resulted in losses on those contracts. Provisions for estimated losses on contracts are made during the period in which such losses become probable and can be reasonably estimated.
	Training Revenue
	We provide training services to our customers, including on-site, Internet-based and customized training. Revenue is recognized in the period in which the services are performed. In circumstances in which training services are sold as a single arrangement with, or in contemplation of, a new aspenONE license or point product arrangement with Premier Plus SMS, revenue is deferred and recognized on a ratable basis over the longer of (i) the period the services are performed or (ii) the license term.
	Deferred Revenue
	Deferred revenue includes amounts billed or collected in advance of revenue recognition, including arrangements under the aspenONE licensing model, point product arrangements with Premier Plus SMS, legacy SMS arrangements, professional services, and training.  Under the aspenONE licensing model and for point product arrangements with Premier Plus SMS, VSOE does not exist for the undelivered elements, and as a result the arrangement fees are recognized ratably (i.e., on a subscription basis) over the term of the license. Deferred revenue is recorded as each invoice becomes due.
	For arrangements under the upfront revenue model, a portion of the arrangement fee is generally recorded as deferred revenue due to the inclusion of an undelivered element, typically our legacy SMS offering or professional services. The amount of revenue allocated to undelivered elements is based on the VSOE for those elements using the residual method, and is earned and recognized as revenue as each element is delivered.
Loss Contingencies	(c)  Loss Contingencies
	We accrue estimated liabilities for loss contingencies arising from claims, assessments, litigation and other sources when it is probable that a liability has been incurred and the amount of the claim, assessment or damages can be reasonably estimated. We believe that we have sufficient accruals to cover any obligations resulting from claims, assessments or litigation that have met these criteria. Please refer to Note 11 for discussion of these matters and related liability accruals.
Foreign Currency Transactions	(d)Foreign Currency Transactions
	Foreign currency exchange gains and (losses) generated from the settlement and remeasurement of transactions denominated in currencies other than the functional currency of our subsidiaries are recognized in our results of operations as incurred as a component of other income (expense), net. Net foreign currency (losses) were ($0.2) million and ($0.1) million during the three and six months ended December 31, 2014 and ($0.5) million and ($1.3) million during the three and six months ended December 31, 2013, respectively.
Recently Issued Accounting Pronouncements	(e)Recently Issued Accounting Pronouncements
	In May 2014, FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. ASU No. 2014-09 was issued by the FASB as a part of the joint project with the International Accounting Standards Board to clarify revenue recognition principles and develop a common revenue standard for GAAP and International Financial Reporting Standards.
	ASU No. 2014-09 is effective for the fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption of ASU No. 2014-09 is not permitted. The amendments included within ASU No. 2014-09 should be applied by using one of the following methods:
	Retrospectively to each prior reporting period presented. The entity may elect any of the practical expedients described in ASU No. 2014-09 when applying this method.
	Retrospectively with the cumulative effect of initially applying ASU No. 2014-09 recognized at the date of initial application. In the reporting periods that include the date of the initial application of ASU No. 2014-09, the entity should disclose the amount by which each financial statement line item is affected by the application of ASU No. 2014-09 in the current reporting period as compared to the guidance that was in effect before the change.
	We expect to adopt ASU No. 2014-09 during the first quarter of fiscal 2018. We are currently evaluating the impact of ASU No. 2014-09 on our financial position, results of operations and cash flows.

Marketable_Securities_Tables

Marketable Securities (Tables)	6 Months Ended
	Dec. 31, 2014
Marketable Securities
Summary of the fair value, the amortized cost and unrealized holding gains (losses) on marketable securities		Fair Value		Cost		Unrealized		Unrealized
						Gains		Losses
		(Dollars in Thousands)
	December 31, 2014:
	U.S. corporate bonds	$	72,675	$	72,722	$	5	$	(51	)
	Total short-term marketable securities	$	72,675	$	72,722	$	5	$	(51	)
	U.S. corporate bonds	$	25,334	$	25,397	$	5	$	(67	)
	Total long-term marketable securities	$	25,334	$	25,397	$	5	$	(67	)
	June 30, 2014:
	U.S. corporate bonds	$	67,619	$	67,587	$	39	$	(7	)
	Total short-term marketable securities	$	67,619	$	67,587	$	39	$	(7	)
	U.S. corporate bonds	$	31,270	$	31,290	$	1	$	(21	)
	Total long-term marketable securities	$	31,270	$	31,290	$	1	$	(21	)

Goodwill_Tables

Goodwill (Tables)	6 Months Ended
	Dec. 31, 2014
Goodwill
Changes in Carrying Amount of Goodwill by Reporting Unit		Amount
		(Dollars in
		Thousands)
	Balance as of June 30, 2013:
	Goodwill	$	84,701
	Accumulated impairment losses	(65,569		)
		$	19,132
	Effect of currency translation	144
	Balance as of June 30, 2014:
	Goodwill	$	84,845
	Accumulated impairment losses	(65,569		)
		$	19,276
	Effect of currency translation	(1,231		)
	Balance as of December 31, 2014:
	Goodwill	$	83,614
	Accumulated impairment losses	(65,569		)
		$	18,045

Supplementary_Balance_Sheet_In1

Supplementary Balance Sheet Information (Tables)	6 Months Ended
	Dec. 31, 2014
Supplementary Balance Sheet Information
Accounts Receivable Balances			Gross			Allowance			Net
			(Dollars in Thousands)
	December 31, 2014:
	Accounts receivable		$	22,042		$	2,464		$	19,578
			$	22,042		$	2,464		$	19,578
	June 30, 2014:
	Accounts receivable		$	41,997		$	3,465		$	38,532
			$	41,997		$	3,465		$	38,532
Property, Equipment and Leasehold Improvements			December 31,			June 30,
			2014			2014
			(Dollars in Thousands)
	Property, equipment and leasehold improvements - at cost:
	Computer equipment		$	11,252		$	11,772
	Purchased software		25,405			23,720
	Furniture & fixtures		5,168			4,530
	Leasehold improvements		10,568			3,448
	Accumulated depreciation		(34,066		)	(35,882		)
	Property, equipment and leasehold improvements - net		$	18,327		$	7,588
Accrued Expenses and Other Current Liabilities			December 31,			June 30,
			2014			2014
			(Dollars in Thousands)
	Royalties and outside commissions		$	3,288		$	3,596
	Payroll and payroll-related		13,574			19,347
	Other		15,122			12,041
	Total accrued expenses and other current liabilities		$	31,984		$	34,984
Other Non-current Liabilities			December 31,			June 30,
			2014			2014
			(Dollars in Thousands)
	Deferred rent (1)		$	4,888		$	402
	Other (2)		26,117			11,448
	Total other non-current liabilities		$	31,005		$	11,850
		-1		During the six months ended December 31, 2014, we received $6.1 million of landlord-funded leasehold improvements related to our new principal executive offices located in Bedford, Massachusetts.  The landlord-funded leasehold improvements are recorded as property, plant and equipment and deferred rent in our unaudited consolidated balance sheets as of December 31, 2014. The landlord-funded leasehold improvements were recorded as deferred rent and will be amortized as a reduction to rent expense over the life of the lease. During fiscal 2014, we made $1.5 million of improvements to the Bedford, Massachusetts offices that were determined to be owned by the landlord. As of June 30, 2014, the $1.5 million of improvements were recorded within other non-current assets in our consolidated balance sheets and reclassified as a reduction to deferred rent during the second quarter of fiscal 2015. The $1.5 million of improvements will be amortized as additional rent expense over the life of the lease. Please refer to Note 11 for further information on the lease.
		-2		Other is comprised primarily of our net reserve for uncertain tax liabilities of $23.7 million and $9.3 million as of December 31, 2014 and June 30, 2014, respectively. We account for unrecognized tax benefits in accordance with ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. In accordance with ASU 2013-11, deferred tax assets should be presented net of liabilities for uncertain tax positions provided there are specific deferred tax assets available to settle the uncertain income tax liabilities. As of June 30, 2014, we had sufficient deferred tax assets available to settle a portion of our reserve for uncertain tax positions, and consequently, a only a portion of our total reserve for uncertain tax positions was reported as a non-current liability in our consolidated balance sheets.  As of December 31, 2014, we no longer had deferred tax assets available to net against our reserve for uncertain tax positions and the total reserve for uncertain tax liabilities is reported as a non-current liability. Our total reserve for uncertain tax positions was approximately $24.0 million as of December 31, 2014 and June 30, 2014.

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	6 Months Ended
	Dec. 31, 2014
Stock-Based Compensation
Weighted Average Assumptions		Six Months Ended
		December 31,
		2014		2013
	Risk-free interest rate	1.5	%	1.3	%
	Expected dividend yield	0.0	%	0.0	%
	Expected life (in years)	4.5		4.6
	Expected volatility factor	35.0	%	39.3	%
Stock-based Compensation Expense		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2014			2013			2014			2013
		(Dollars in Thousands)
	Recorded as expenses:
	Cost of services and other	$	339		$	327		$	677		$	628
	Selling and marketing	754			710			1,504			1,821
	Research and development	973			889			1,964			1,745
	General and administrative	1,396			1,225			3,521			3,344
	Total stock-based compensation	$	3,462		$	3,151		$	7,666		$	7,538
Stock Options and RSU Activity		Stock Options										Restricted Stock Units
		Shares		Weighted			Weighted		Aggregate			Shares		Weighted
				Average			Average		Intrinsic Value					Average
				Exercise			Remaining		(in 000’s)					Grant Date
				Price			Contractual							Fair Value
							Term
	Outstanding at June 30, 2014	1,246,528		$	20.3		7.14		$	32,543		617,269		$	25.74
	Granted	281,085		43.44								331,742		43.44
	Settled (RSUs)	—										(211,020	)	27.51
	Exercised	(112,417	)	13.48								—
	Cancelled / Forfeited	(24,058	)	25.22								(27,197	)	25.45
	Outstanding at December 31, 2014	1,391,138		$	25.44		7.35		$	15,754		710,794		$	33.49
	Vested and exercisable at December 31, 2014	800,889		$	19.5		6.43		$	12,831		—
	Vested and expected to vest as of December 31, 2014	1,314,255		$	25		7.28		$	15,342		617,512		$	33.58

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	6 Months Ended
	Dec. 31, 2014
Net Income Per Share
Calculations of Basic and Diluted Net Income (loss) per Share		Three Months Ended					Six Months Ended
		December 31,					December 31,
		2014			2013		2014		2013
		(Dollars and Shares in Thousands, Except per Share Data)
	Net income	$	30,464		$	23,263	$	59,432	$	38,262
	Weighted average shares outstanding	89,942			92,839		90,562		93,124
	Dilutive impact from:
	Share-based payment awards	529			977		634		1,013
	Dilutive weighted average shares outstanding	90,471			93,816		91,196		94,137
	Income per share
	Basic	$	0.34		$	0.25	$	0.66	$	0.41
	Dilutive	$	0.34		$	0.25	$	0.65	$	0.41
Potential Common Shares Excluded From Calculation of Dilutive Weighted Average Shares Outstanding		Three Months Ended				Six Months Ended
		December 31,				December 31,
		2014		2013		2014	2013
		(Shares in Thousands)
	Employee equity awards	832		312		640	652

Segment_Information_Tables

Segment Information (Tables)	6 Months Ended
	Dec. 31, 2014
Segment Information
Summary of reportable segments' profits			Subscription			Services			Total
			and software
			(Dollars in Thousands)
	Three Months Ended December 31, 2014
	Segment revenue		$	98,716		$	9,074		$	107,790
	Segment expenses (1)		(43,986		)	(7,057		)	(51,043		)
	Segment profit		$	54,730		$	2,017		$	56,747
	Three Months Ended December 31, 2013
	Segment revenue		$	88,924		$	9,845		$	98,769
	Segment expenses (1)		(44,216		)	(7,421		)	(51,637		)
	Segment profit		$	44,708		$	2,424		$	47,132
	Six Months Ended December 31, 2014
	Segment revenue		$	197,459		$	17,457		$	214,916
	Segment expenses (1)		(87,073		)	(14,237		)	(101,310		)
	Segment profit		$	110,386		$	3,220		$	113,606
	Six Months Ended December 31, 2013
	Segment revenue		$	167,607		$	18,727		$	186,334
	Segment expenses (1)		(87,601		)	(14,879		)	(102,480		)
	Segment profit		$	80,006		$	3,848		$	83,854
		-1		Our reportable segments’ operating expenses include expenses directly attributable to the segments. Segment expenses do not include allocations of general and administrative; restructuring; interest income, net; and other (income) expense, net. As a result of the operating and reportable segments realignment, certain costs are more directly attributable to our new operating segments. Starting with fiscal 2014, segment expenses include selling and marketing, research and development, stock-based compensation and certain corporate expenses incurred in support of the segments. Prior to fiscal 2014, segment expenses included certain allocations of selling and marketing; general and administrative; and research and development and did not include restructuring and other corporate expenses incurred in support of these functions.
Reconciliation of Total Segment Operating Profit to income Before Income Taxes			Three Months Ended						Six Months Ended
			December 31,						December 31,
			2014			2013			2014			2013
			(Dollars in Thousands)
	Total segment profit for reportable segments		$	56,747		$	47,132		$	113,606		$	83,854
	General and administrative		(10,226		)	(11,020		)	(22,451		)	(22,893		)
	Other income (expense), net		(248		)	(531		)	(60		)	(1,335		)
	Interest income (net)		128			299			261			668
	Income before income taxes		$	46,401		$	35,880		$	91,356		$	60,294

Significant_Accounting_Policie2

Significant Accounting Policies (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014
Significant Accounting Policies
Period over which customers typically received SMS	1 year
Expense reduction to offset the lower revenue	$0
Concessions given on contract modification to an existing term arrangement	$0

Significant_Accounting_Policie3

Significant Accounting Policies (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Foreign Currency Transactions
Net foreign currency gains (losses)	($0.20)	($0.50)	($0.10)	($1.30)

Marketable_Securities_Details

Marketable Securities (Details) (U.S. corporate bonds, USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014
Short-term Marketable Securities
Marketable Securities
Fair Value	$72,675	$67,619
Cost	72,722	67,587
Unrealized Gain	5	39
Unrealized Loss	-51	-7
Long-term Marketable Securities
Marketable Securities
Fair Value	25,334	31,270
Cost	25,397	31,290
Unrealized Gain	5	1
Unrealized Loss	($67)	($21)

Goodwill_Details

Goodwill (Details) (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014	Jun. 30, 2013
	segment	segment	segment
Goodwill
Number of Reportable Segments	2	2	3
Goodwill:
Goodwill, net, beginning balance	$19,276
Goodwill, net, ending balance	18,045	19,276
Impairment loss recognized	0
Subscription and software
Goodwill:
Goodwill, gross, beginning balance	84,845	84,701
Accumulated impairment losses, beginning balance	-65,569	-65,569
Goodwill, net, beginning balance	19,276	19,132
Effect of currency translation	-1,231	144
Goodwill, gross, ending balance	83,614	84,845
Accumulated impairment losses, ending balance	-65,569	-65,569
Goodwill, net, ending balance	18,045	19,276
Services
Goodwill:
Accumulated impairment losses, ending balance	-5,100	-5,100	-5,100
Goodwill, net, ending balance	$0	$0	0

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Income Taxes
Effective Income Tax Rate	34.30%	35.20%	34.90%	36.50%
Excess tax benefits from stock-based compensation	$7,700,000
Excess tax benefits from stock-based compensation, financing activities			7,684,000	83,000
Excess tax benefits from stock-based compensation, operating activities			($7,684,000)	($83,000)

Fair_Value_Details

Fair Value (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
Level 1 Inputs
Fair Value
Cash equivalents	$138,800,000	$175,900,000
Level 2 Inputs | U.S. corporate bonds
Fair Value
Marketable Securities	$98,000,000	$98,900,000

Supplementary_Balance_Sheet_In2

Supplementary Balance Sheet Information (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Accounts Receivable
Account receivable, Gross	$22,042	$41,997
Account receivable, Allowance	2,464	3,465
Account receivable, Net	$19,578	$38,532

Supplementary_Balance_Sheet_In3

Supplementary Balance Sheet Information (Details 2) (Accounts and installments receivable, Customers concentration risk)	6 Months Ended
	Dec. 31, 2014
	item
Accounts and installments receivable | Customers concentration risk
Accounts receivable, net of the related allowance for doubtful accounts
Number of customer's receivables balance representing a concentration	1
Percentage of total receivables	19.00%

Supplementary_Balance_Sheet_In4

Supplementary Balance Sheet Information (Details 3) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Property, Plant and Equipment
Accumulated depreciation	($34,066)	($35,882)
Property, equipment and leasehold improvements-net	18,327	7,588
Computer equipment
Property, Plant and Equipment
Property, equipment and leasehold improvements-at cost	11,252	11,772
Purchased software
Property, Plant and Equipment
Property, equipment and leasehold improvements-at cost	25,405	23,720
Furniture and fixtures
Property, Plant and Equipment
Property, equipment and leasehold improvements-at cost	5,168	4,530
Leasehold improvements
Property, Plant and Equipment
Property, equipment and leasehold improvements-at cost	$10,568	$3,448

Supplementary_Balance_Sheet_In5

Supplementary Balance Sheet Information (Details 4) (USD $)	3 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Accrued expenses and other current liabilities
Royalties and outside commissions	$3,288,000	$3,288,000		$3,596,000
Payroll and payroll-related	13,574,000	13,574,000		19,347,000
Other	15,122,000	15,122,000		12,041,000
Total accrued expenses and other liabilities	31,984,000	31,984,000		34,984,000
Other non-current liabilities
Deferred rent	4,888,000	4,888,000		402,000
Other	26,117,000	26,117,000		11,448,000
Total other non-current liabilities	31,005,000	31,005,000		11,850,000
Landlord improvement allowance included in leasehold improvements and deferred rent liability		6,064,000	0
Leasehold improvements deemed to be owned by the landlord				1,500,000
Leasehold improvements recorded in other non-current assets				1,500,000
Reduction in deferred rent	1,500,000
Net reserve for uncertain tax liabilities				9,300,000
Reserve for uncertain tax liabilities	$23,700,000	$23,700,000		$24,000,000

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Stock-based compensation, additional disclosures
Common stock reserved for future issuance or settlement (in shares)	6,300,000		6,300,000
Weighted Average Grant Date Fair Value
Payments related to tax withholding			$2,574,000	$4,237,000
Stock Options
General award terms
Award vesting period			4 years
Weighted average assumptions
Weighted average fair value (in dollars per share)		$10.86	$13.64	$11.33
Risk-free interest rate (as a percent)			1.50%	1.30%
Expected dividend yield (as a percent)			0.00%	0.00%
Expected life			4 years 6 months	4 years 7 months 6 days
Expected volatility factor (as a percent)			35.00%	39.30%
Stock options activity
Outstanding, beginning of period (in shares)			1,246,528
Granted (in shares)	0		281,085
Exercised (in shares)			-112,417
Cancelled / Forfeited (in shares)			-24,058
Outstanding, end of period (in shares)	1,391,138		1,391,138		1,246,528
Vested and exercisable, end of period (in shares)	800,889		800,889
Vested and expected to vest, end of period (in shares)	1,314,255		1,314,255
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share)			$20.30
Granted (in dollars per share)			$43.44
Exercised (in dollars per share)			$13.48
Cancelled / Forfeited (in dollars per share)			$25.22
Outstanding, end of period (in dollars per share)	$25.44		$25.44		$20.30
Vested and exercisable, end of period (in dollars per share)	$19.50		$19.50
Vested and expected to vest, end of period (in dollars per share)	$25		$25
Weighted Average Remaining Contractual Term
Outstanding, end of period			7 years 4 months 6 days		7 years 1 month 21 days
Vested and exercisable, end of period			6 years 5 months 5 days
Vested and expected to vest, end of period			7 years 3 months 11 days
Aggregate Intrinsic Value
Outstanding, end of period	15,574,000		15,574,000		32,543,000
Vested and exercisable, end of period	12,831,000		12,831,000
Vested and expected to vest, end of period	15,342,000		15,342,000
Weighted Average Grant Date Fair Value
Total unrecognized compensation cost	5,900,000		5,900,000
Total unrecognized compensation cost, period of recognition			2 years 9 months 18 days
Total intrinsic value of options exercised	700,000	2,700,000	3,000,000	9,200,000
Cash proceeds from option exercises			1,500,000	4,400,000
Stock Options | Minimum
General award terms
Contractual terms			7 years
Stock Options | Maximum
General award terms
Contractual terms			10 years
Restricted Stock Units
General award terms
Award vesting period			4 years
Stock options activity
Granted (in shares)	0
Restricted stock units activity
Outstanding, beginning of period (in shares)			617,269
Granted (in shares)			331,742
Settled (in shares)			-211,020
Cancelled / Forfeited (in shares)			-27,197
Outstanding, end of period (in shares)	710,794		710,794
Vested and expected to vest (in shares)	617,512		617,512
Weighted Average Grant Date Fair Value
Outstanding, beginning of period (in dollars per share)			$25.74
Granted (in dollars per share)		$38.10	$43.44	$32.61
Settled (RSUs) (in dollars per share)			$27.51
Cancelled / Forfeited (in dollars per share)			$25.45
Outstanding, end of period (in dollars per share)	$33.49		$33.49
Vested and expected to vest, end of period (in dollars per share)			$33.58
Total fair value of shares vested from RSU grants	3,500,000	5,000,000	7,700,000	12,200,000
Total unrecognized compensation cost	20,600,000		20,600,000
Total unrecognized compensation cost, period of recognition			2 years 9 months 18 days
Payments related to tax withholding			$2,700,000	$4,200,000

StockBased_Compensation_Detail1

Stock-Based Compensation (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Recorded as expenses:
Total stock-based compensation	$3,462	$3,151	$7,666	$7,538
Cost of services and other.
Recorded as expenses:
Total stock-based compensation	339	327	677	628
Selling and marketing
Recorded as expenses:
Total stock-based compensation	754	710	1,504	1,821
Research and development
Recorded as expenses:
Total stock-based compensation	973	889	1,964	1,745
General and administrative
Recorded as expenses:
Total stock-based compensation	$1,396	$1,225	$3,521	$3,344

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	6 Months Ended	12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014	Apr. 23, 2014	Apr. 23, 2013
Stockholders' Equity
Approved stock repurchase program, authorized amount			$200	$150
Repurchase of common stock (in shares)	3,044,317	3,110,114
Repurchase of common stock, amount	117	121.8
Remaining capacity under the stock repurchase program	$58.10		$37.50

Stockholders_Equity_Details_2

Stockholders' Equity (Details 2) (USD $)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013
In Millions, unless otherwise specified
Accumulated Other Comprehensive Income
Foreign translation adjustments	$6.90	$7.80	$9.40	$8.60	$8.70	$7.30
Net unrealized gains (losses) on available for sale securities	-0.1					-0.1
Maximum
Accumulated Other Comprehensive Income
Net unrealized gains (losses) on available for sale securities		$0.10	$0.10	$0.10	$0.10

Net_Income_Per_Share_Details

Net Income Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Net Income Per Share
Net income	$30,464	$23,263	$59,432	$38,262
Weighted average shares outstanding (in shares)	89,942	92,839	90,562	93,124
Dilutive impact from:
Share-based payment awards (in shares)	529	977	634	1,013
Dilutive weighted average shares outstanding (in shares)	90,471	93,816	91,196	94,137
Income per share
Basic (in dollars per share)	$0.34	$0.25	$0.66	$0.41
Dilutive (in dollars per share)	$0.34	$0.25	$0.65	$0.41

Net_Income_Per_Share_Details_2

Net Income Per Share (Details 2) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)			287,463
Exercise price range, low end of range (in dollars per share)			38.71
Exercise price range, high end of range (in dollars per share)			47.4
Employee Equity Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities (in shares)	832,000	312,000	640,000	652,000

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Operating Leases
Rent expense	$2.10	$1.80	$3.80	$3.60
Minimum
Operating Leases
Base annual rent expense					2.2
Maximum
Operating Leases
Base annual rent expense					3.9
Office space in Bedford, Massachusetts
Operating Leases
Number of successive five-year terms for which the lease may be extended					2
Extension period of lease term					5 years
Future minimum non-cancelable lease payments			35.7
Aggregate capital expenditures with respect to the leased premises			9.2
Contractual obligations	7.8		7.8
Capital expenditures			5
Contractual obligations related to the new facility capital expenditures are expected to be made in fiscal 2015			$2.80
Office space in Bedford, Massachusetts | Lease term commencing on November 1, 2014
Operating Leases
Area of Real Estate Property					142,673
Area Of Real Estate Property Occupied					105,874
Initial term of lease					10 years 5 months
Office space in Bedford, Massachusetts | Lease term commencing on February 1, 2015
Operating Leases
Area of Real Estate Property					36,799

Commitments_and_Contingencies_1

Commitments and Contingencies (Details 2) (USD $)	1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2014
		item
Legal Matters
Judgment issued	$2.60
Matters that might have a material adverse effect on financial position, results of operations or cash flows		0

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2013
			segment		segment	segment
Segment Reporting Information
Number of operating segments			2		2	3
Number of reportable segments			2		2	3
Summary of operating segments
Segment revenue	$107,790	$98,769	$214,916	$186,334
Segment profit	46,521	36,112	91,155	60,961
Reconciliation to Income Before Income Taxes
General and administrative	-10,226	-11,020	-22,451	-22,893
Other income (expense), net	-248	-531	-60	-1,335
Interest income (net)	128	299	261	668
Income before provision for income taxes	46,401	35,880	91,356	60,294
Operating segments
Summary of operating segments
Segment expenses	-51,043	-51,637	-101,310	-102,480
Segment profit	56,747	47,132	113,606	83,854
Subscription and software
Summary of operating segments
Segment revenue	98,716	88,924	197,459	167,607
Subscription and software | Operating segments
Summary of operating segments
Segment expenses	-43,986	-44,216	-87,073	-87,601
Segment profit	54,730	44,708	110,386	80,006
Services
Summary of operating segments
Segment revenue	9,074	9,845	17,457	18,727
Services | Operating segments
Summary of operating segments
Segment expenses	-7,057	-7,421	-14,237	-14,879
Segment profit	$2,017	$2,424	$3,220	$3,848