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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2015	Oct. 22, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ASPEN TECHNOLOGY INC /DE/
Entity Central Index Key	0000929940
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		83,285,474
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Revenue:
Subscription and software	$ 111,859	$ 98,743
Services and other	8,437	8,383
Total revenue	120,296	107,126
Cost of revenue:
Subscription and software	5,242	5,201
Service and other	7,730	7,180
Total cost of revenue	12,972	12,381
Gross profit	107,324	94,745
Operating expenses:
Selling and marketing	22,436	21,618
Research and development	16,597	16,268
General and administrative	12,862	12,225
Total operating expenses	51,895	50,111
Income from operations	55,429	44,634
Interest income	82	135
Interest expense	(1)	(3)
Other income, net	896	188
Income before provision for income taxes	56,406	44,954
Provision for income taxes	19,635	15,987
Net income	$ 36,771	$ 28,967
Net income per common share:
Basic (in dollars per share)	$ 0.44	$ 0.32
Diluted (in dollars per share)	$ 0.44	$ 0.32
Weighted average shares outstanding:
Basic (in shares)	83,876	91,183
Diluted (in shares)	84,320	91,891

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 36,771	$ 28,967
Other comprehensive loss:
Net unrealized gains (losses) on available for sale securities, net of tax effects of ($12) and $21 for the three months ended September 30, 2015 and 2014	23	(39)
Foreign currency translation adjustments	(1,733)	(1,529)
Total other comprehensive loss	(1,710)	(1,568)
Comprehensive income	$ 35,061	$ 27,399

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net unrealized gains (losses) on available for sale securities, tax effects	$ (12)	$ 21

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 129,739	$ 156,249
Short-term marketable securities	51,757	59,197
Accounts receivable, net	21,951	30,721
Current portion of installments receivable, net	262	1,589
Unbilled services	1,005	1,108
Prepaid expenses and other current assets	8,529	8,055
Prepaid income taxes	538	542
Current deferred tax assets	6,156	6,169
Total current assets	219,937	263,630
Long-term marketable securities	0	3,047
Non-current installments receivable, net	255	253
Property, equipment and leasehold improvements, net	17,353	18,039
Computer software development costs, net	841	1,026
Goodwill	16,610	17,360
Non-current deferred tax assets	10,377	10,444
Other non-current assets	1,407	1,562
Total assets	266,780	315,361
Current liabilities:
Accounts payable	2,799	5,240
Accrued expenses and other current liabilities	27,107	38,483
Income taxes payable	16,710	1,775
Current deferred revenue	217,436	250,968
Total current liabilities	264,052	296,466
Non-current deferred revenue	36,078	37,919
Other non-current liabilities	29,671	29,522
Commitments and contingencies (Note 11)
Series D redeemable convertible preferred stock
$0.10 par value-Authorized-3,636 shares as of September 30, 2015 and June 30, 2015 Issued and outstanding-none as of September 30, 2015 and June 30, 2015	0	0
Stockholders' deficit:
Common stock, $0.10 par value-Authorized-210,000,000 shares Issued-101,707,709 shares at September 30, 2015 and 101,607,520 shares at June 30, 2015 Outstanding-83,264,892 shares at September 30, 2015 and 84,504,202 shares at June 30, 2015	10,171	10,161
Additional paid-in capital	647,403	641,883
Accumulated deficit	(108,856)	(145,627)
Accumulated other comprehensive income	4,760	6,470
Treasury stock, at cost-18,442,817 shares of common stock at September 30, 2015 and 17,103,318 at June 30, 2015	(616,499)	(561,433)
Total stockholders' deficit	(63,021)	(48,546)
Total liabilities and stockholders' deficit	$ 266,780	$ 315,361

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2015	Jun. 30, 2015
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	101,707,709	101,607,520
Common stock, outstanding	83,264,892	84,504,202
Treasury stock, shares	18,442,817	17,103,318

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 36,771	$ 28,967
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,547	1,352
Net foreign currency gains	(1,189)	(660)
Stock-based compensation	4,423	4,204
Deferred income taxes	0	15,560
Provision for bad debts	26	(1,329)
Tax benefits from stock based compensation	1,577	72
Excess tax benefits from stock-based compensation	(1,577)	(72)
Other non-cash operating activities	159	462
Changes in assets and liabilities:
Accounts receivable	8,769	14,990
Unbilled services	95	527
Prepaid expenses, prepaid income taxes, and other assets	(609)	1,242
Installments receivables	1,326	253
Accounts payable, accrued expenses, and other liabilities	2,348	(7,961)
Deferred revenue	(35,220)	(17,664)
Net cash provided by operating activities	18,446	39,943
Cash flows from investing activities:
Purchases of marketable securities	0	(11,985)
Maturities of marketable securities	10,370	14,513
Purchases of property, equipment and leasehold improvements	(1,119)	(2,891)
Capitalized computer software development costs	0	(136)
Net cash provided by (used in) investing activities	9,251	(499)
Cash flows from financing activities:
Exercises of stock options	611	1,050
Repurchases of common stock	(55,033)	(45,000)
Payments of tax withholding obligations related to restricted stock	(1,125)	(1,411)
Excess tax benefits from stock-based compensation	1,577	72
Net cash used in financing activities	(53,970)	(45,289)
Effect of exchange rate changes on cash and cash equivalents	(237)	(547)
Decrease in cash and cash equivalents	(26,510)	(6,392)
Cash and cash equivalents, beginning of year	156,249	199,526
Cash and cash equivalents, end of year	129,739	193,134
Supplemental disclosure of cash flow information:
Income taxes paid, net	2,895	1,551
Interest paid	$ 1	$ 3

Interim Unaudited Consolidated Financial Statements	3 Months Ended
Interim Unaudited Consolidated Financial Statements	Sep. 30, 2015
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, 2015, 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 months ended September 30, 2015 are not necessarily indicative of the results to be expected for the 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 currently reported presentations.

Significant Accounting Policies

3 Months Ended

Sep. 30, 2015

Significant Accounting Policies

Significant Accounting Policies

2. Significant Accounting Policies

(a)Principles of Consolidation

The accompanying consolidated financial statements include the accounts of Aspen Technology, Inc. and our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

(b)Revenue Recognition

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.

In fiscal 2012, we introduced Premier Plus SMS. As part of this offering, customers receive 24x7 support, faster response times, dedicated technical advocates and access to web-based training modules. Premier Plus SMS is exclusively available as a component of our term contract arrangements and we are unable to establish VSOE for this deliverable because we don’t offer it on a stand-alone basis.

Revenue related to our aspenONE licensing model and point product arrangements with Premier Plus SMS are both recognized over the term of the arrangement on a ratable basis. The changes to our licensing model resulted in a significant reduction to license revenue in fiscal 2010, as compared to fiscal periods preceding our licensing model changes. From fiscal 2010 through fiscal 2015, as customer license arrangements previously executed under the upfront revenue model reached the end of their terms, and were renewed under the aspenONE licensing model, we recognized increasing amounts of subscription revenue and deferred revenue. The value of our installed base of software licenses was also growing during this period which further contributed to growth in subscription and deferred revenue. Many of our license arrangements were five or six years in duration when the aspenONE licensing model was introduced at the start of fiscal 2010, and consequently, a number of arrangements executed under the upfront revenue model did not reach the end of their original term until the end of fiscal 2015. For fiscal 2016 and beyond, we do not expect the changes to our licensing model to have a material impact on subscription revenue or deferred revenue.

The changes to our licensing model introduced in fiscal 2010 did not change the method or timing of customer billings or cash collections. In addition, the changes to our licensing model did not impact the incurrence or timing of our expenses. Since there was no corresponding expense reduction to offset the lower revenue during fiscal years 2010-2015, operating income was lower than what would have been reported under a fully transitioned revenue model.

Revenue Recognition

We generate revenue from the following sources: (1) licensing software products; (2) providing SMS and training; and (3) providing professional services. We sell our software products to end users primarily under fixed-term licenses 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. Certain 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 via disk media with standard shipping terms of Free Carrier, our warehouse (i.e., FCA, named place). 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 will be 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 in fiscal 2015 and is not expected to have a material impact on our revenue in future periods.

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.

Subscription and Software Revenue

Subscription and software revenue consists of product and related revenue from our (i) aspenONE licensing model; (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 will be 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 in the three months ended September 30, 2015 and is not expected to have a material impact on our revenue in future periods.

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 longer time period 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, public 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 certain of our legacy SMS offerings 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.

Other Licensing Matters

Our standard licensing agreements include a product warranty provision. We have not experienced significant claims related to software warranties beyond the scope of SMS support, which we are already obligated to provide, and consequently, we have not established reserves for warranty obligations.

Our agreements with our customers generally require us to indemnify the customer against claims that our software infringes third-party patent, copyright, trademark or other proprietary rights. Such indemnification obligations are generally limited in a variety of industry-standard respects, including our right to replace an infringing product. As of September 30, 2015 and June 30, 2015, we had not experienced any material losses related to these indemnification obligations and no claims with respect thereto were outstanding. We do not expect significant claims related to these indemnification obligations, and consequently, have not established any related reserves.

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, net. Net foreign currency gains were $0.9 million and $0.2 million during the three months ended September 30, 2015 and 2014, respectively.

(e)Recently Issued Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (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 (IASB) to clarify revenue recognition principles and develop a common revenue standard for the U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

ASU No. 2014-09 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption of ASU No. 2014-09 is permitted but not before December 15, 2016. 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 will adopt ASU No. 2014-09 during the first quarter of fiscal 2019. We are currently evaluating the impact of ASU No. 2014-09 on our financial position, results of operations and cash flows.

In April 2015, the FASB issued ASU No. 2015-05, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement. The amendment provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If the arrangement does not include a software license, the customer should account for a cloud computing arrangement as a service contract. The amendment will be effective for reporting periods beginning on or after December 15, 2015. We are currently evaluating the impact of ASU No. 2015-05 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, 2015.

Marketable Securities

3 Months Ended

Sep. 30, 2015

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 September 30, 2015 and June 30, 2015:

	Fair Value		Cost		Unrealized Gains		Unrealized Losses
	(Dollars in Thousands)
September 30, 2015:
U.S. corporate bonds	$	51,757	$	51,756	$	14	$	(13	)

Total short-term marketable securities	$	51,757	$	51,756	$	14	$	(13	)


U.S. corporate bonds	$	—	$	—	$	—	$	—

Total long-term marketable securities	$	—	$	—	$	—	$	—


June 30, 2015:
U.S. corporate bonds	$	59,197	$	59,223	$	8	$	(34	)

Total short-term marketable securities	$	59,197	$	59,223	$	8	$	(34	)


U.S. corporate bonds	$	3,047	$	3,055	$	—	$	(8	)

Total long-term marketable securities	$	3,047	$	3,055	$	—	$	(8	)

Our marketable securities were classified as available-for-sale and reported at fair value on the unaudited consolidated balance sheets. Net unrealized gains (losses) were reported as a separate component of accumulated other comprehensive income, net of tax. Realized gains (losses) on investments were recognized in earnings as incurred. Our investments consisted primarily of investment grade fixed income corporate debt securities with maturity dates ranging from October 2015 through August 2016 as of September 30, 2015 and from July 2015 through August 2016 as of June 30, 2015.

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 September 30, 2015 and June 30, 2015, our marketable securities were not considered other-than-temporarily impaired and, as such, we did not recognize impairment losses during the three-month periods then ended. Unrealized losses were attributable to changes in interest rates.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

Goodwill

3 Months Ended

Sep. 30, 2015

Goodwill

Goodwill

4. Goodwill

The changes in the carrying amount of goodwill for our subscription and software reporting unit during the three months ended September 30, 2015 and fiscal year ended June 30, 2015 were as follows:

	Amount
	(Dollars in Thousands)
Balance as of June 30, 2014:
Goodwill	$	84,845
Accumulated impairment losses	(65,569		)

	$	19,276


Effect of currency translation	(1,916		)


Balance as of June 30, 2015:
Goodwill	$	82,929
Accumulated impairment losses	(65,569		)

	$	17,360


Effect of currency translation	(750		)


Balance as of September 30, 2015:
Goodwill	$	82,179
Accumulated impairment losses	(65,569		)

	$	16,610

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. No triggering events indicating goodwill impairment occurred during the three months ended September 30, 2015.

Income Taxes	3 Months Ended
Income Taxes	Sep. 30, 2015
Income Taxes
Income Taxes	5. Income Taxes The effective tax rate for the periods presented was 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 September 30, 2015 was 34.8% as compared to 35.6% for the corresponding period of the prior fiscal year. During the three months ended September 30, 2015 and 2014, our income tax expense was driven primarily by pre-tax profitability in our domestic and foreign operations and the impact of permanent items, predominately a U.S. domestic production activity deduction, slightly offset by non-deductible stock-based compensation expense. Our effective tax rate for the three months ended September 30, 2015 and 2014 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. In our unaudited consolidated statements of cash flows, the excess tax benefits of $1.6 million and $0.1 million were reported as sources of cash flows from financing activities with offsetting reductions to cash flows from operating activities during the three months ended September 30, 2015 and 2014, respectively. 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	3 Months Ended
Fair Value	Sep. 30, 2015
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 $100.9 million and $130.2 million as of September 30, 2015 and June 30, 2015, respectively, were 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 $51.8 million and $62.2 million as of September 30, 2015 and June 30, 2015, respectively, were reported at fair value calculated in accordance with the market approach, utilizing market consensus pricing models with quoted prices that were 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.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Supplementary Balance Sheet Information

3 Months Ended

Sep. 30, 2015

Supplementary Balance Sheet Information

Supplementary Balance Sheet Information

7. Supplementary Balance Sheet Information

Our accounts receivable, net of the related allowance for doubtful accounts, were as follows as of September 30, 2015 and June 30, 2015.

	Gross		Allowance		Net
	(Dollars in Thousands)
September 30, 2015:
Accounts receivable	$	23,634	$	1,683	$	21,951

	$	23,634	$	1,683	$	21,951


June 30, 2015:
Accounts receivable	$	32,357	$	1,636	$	30,721

	$	32,357	$	1,636	$	30,721

As of September 30, 2015, one customer receivable balance represented approximately 21% of our total receivables. The balance was collected subsequent to September 30, 2015.

Property, equipment and leasehold improvements in the accompanying unaudited consolidated balance sheets consisted of the following:

	September 30, 2015			June 30, 2015
	(Dollars in Thousands)
Property, equipment and leasehold improvements - at cost:
Computer equipment	$	10,934		$	11,614
Purchased software	23,337			23,338
Furniture & fixtures	6,613			6,653
Leasehold improvements	12,304			12,225
Accumulated depreciation	(35,835		)	(35,791		)

Property, equipment and leasehold improvements - net	$	17,353		$	18,039

Accrued expenses and other current liabilities in the accompanying unaudited consolidated balance sheets consist of the following:

	September 30, 2015		June 30, 2015
	(Dollars in Thousands)

Royalties and outside commissions	$	2,943	$	2,879
Payroll and payroll-related	9,664		18,965
Other	14,500		16,639

Total accrued expenses and other current liabilities	$	27,107	$	38,483

Other non-current liabilities in the accompanying unaudited consolidated balance sheets consist of the following:

	September 30, 2015		June 30, 2015
	(Dollars in Thousands)

Deferred rent	$	5,777	$	5,273
Other (1)	23,894		24,249

Total other non-current liabilities	$	29,671	$	29,522

(1)

Other was comprised primarily of our reserve for uncertain tax positions of $22.6 million as of both September 30, 2015 and June 30, 2015.

Stock-Based Compensation

3 Months Ended

Sep. 30, 2015

Stock-Based Compensation

Stock-Based Compensation

8. Stock-Based Compensation

Stock Compensation Plans and General Award Terms

We have issued stock options and restricted stock units (RSUs) to our employees and outside directors, pursuant to our 2005 Stock Incentive Plan (the 2005 Plan) and our 2010 Equity Incentive Plan (the 2010 Plan). The 2005 Plan was approved by the stockholders on May 26, 2005 and expired on March 31, 2015.

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 September 30, 2015 and 2014 was $13.59 and $13.64, respectively.

We utilized the Black-Scholes option valuation model with the following weighted average assumptions:

	Three Months Ended
	September 30,
	2015		2014
Risk-free interest rate	1.4	%	1.5	%
Expected dividend yield	0.0	%	0.0	%
Expected life (in years)	4.6		4.5
Expected volatility factor	34.1	%	35.0	%

The stock-based compensation expense and its classification in the unaudited consolidated statements of operations for the three months ended September 30, 2015 and 2014 are as follows:

	Three Months Ended
	September 30,
	2015		2014
	(Dollars in Thousands)
Recorded as expenses:
Cost of services and other	$	357	$	338
Selling and marketing	912		750
Research and development	824		991
General and administrative	2,330		2,125

Total stock-based compensation	$	4,423	$	4,204

A summary of stock option and RSU activity under all equity plans for the three months ended September 30, 2015 is as follows:

	Stock Options							Restricted Stock Units
	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value (in 000’s)		Shares		Weighted Average Grant Date Fair Value
Outstanding at June 30, 2015	1,214,257		$	27.25	7.26	$	22,232	542,432		$	36.13
Granted	356,097		44.33					326,382		44.33
Settled (RSUs)	—							(89,900	)	36.62
Exercised	(39,313	)	15.46					—
Cancelled / Forfeited	(41,374	)	34.81					(47,848	)	35.47

Outstanding at September 30, 2015	1,489,667		$	31.43	7.59	$	13,439	731,066		$	39.78


Vested and exercisable at September 30, 2015	811,059		$	24.03	6.40	$	12,031	—

Vested and expected to vest as of September 30, 2015	1,413,489		$	30.95	7.52	$	13,278	649,061		$	39.78

The weighted average grant-date fair value of RSUs granted during the three months ended September 30, 2015 and 2014 was $44.33 and $43.44, respectively. During the three months ended September 30, 2015 and 2014, the total fair value of shares vested from RSU grants was $3.4 million and $4.3 million, respectively.

At September 30, 2015, the total future unrecognized compensation cost related to stock options and RSUs was $7.7 million and $25.8 million, respectively, and both are expected to be recorded over a weighted average period of 3.0 years.

The total intrinsic value of options exercised during the three months ended September 30, 2015 and 2014 was $0.9 million and $2.3 million, respectively. We received $0.6 million and $1.1 million in cash proceeds from option exercises during the three months ended September 30, 2015 and 2014, respectively. We paid $1.1 million and $1.4 million for withholding taxes on vested RSUs during the three months ended September 30, 2015 and 2014, respectively.

At September 30, 2015, common stock reserved for future issuance or settlement under equity compensation plans was 5.8 million shares.

Stockholders' Equity (Deficit)	3 Months Ended
Stockholders' Equity (Deficit)	Sep. 30, 2015
Stockholders' Equity (Deficit)
Stockholders' Equity (Deficit)	9. Stockholders’ Deficit Stock Repurchases On January 28, 2015, we publicly announced a share repurchase program for up to $450 million worth of our common stock and terminated the previous program that had been approved by the Board of Directors on April 23, 2014. The previous program had an authorized value of up to $200 million and remaining capacity of approximately $25.4 million when terminated. The timing and amount of any shares repurchased are based on market conditions and other factors. All shares of our common stock repurchased have been recorded as treasury stock under the cost method. We repurchased 1,339,499 shares of our common stock for $55.1 million during the three months ended September 30, 2015. We repurchased 7,731,428 shares of our common stock for $298.3 million during fiscal 2015. As of September 30, 2015, the remaining dollar value under the stock repurchase program approved on January 28, 2015 was $246.3 million. Accumulated Other Comprehensive Income As of September 30, 2015, accumulated other comprehensive income was comprised of foreign translation adjustments of $4.8 million and net unrealized gains on available for sale securities of less than $0.1 million. As of September 30, 2014, accumulated other comprehensive income was comprised of foreign translation adjustments of $7.8 million and net unrealized gains on available for sale securities of less than $0.1 million. As of June 30, 2015, accumulated other comprehensive income was comprised of foreign translation adjustments of $6.5 million and net unrealized losses on available for sale securities of less than $0.1 million. As of June 2014, accumulated other comprehensive income was comprised of foreign translation adjustments of $9.4 million and net unrealized gains on available for sale securities of less than $0.1 million.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Net Income Per Share

3 Months Ended

Sep. 30, 2015

Net Income Per Share

Net Income 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 months ended September 30, 2015 and 2014 are as follows:

	Three Months Ended
	September 30,
	2015		2014
	(Dollars and Shares in Thousands, Except per Share Data)

Net income	$	36,771	$	28,967


Weighted average shares outstanding	83,876		91,183

Dilutive impact from:
Share-based payment awards	444		708

Dilutive weighted average shares outstanding	84,320		91,891


Income per share
Basic	$	0.44	$	0.32
Dilutive	$	0.44	$	0.32

For the three months ended September 30, 2015 and 2014, certain employee equity awards were anti-dilutive based on the treasury stock method. Additionally, options to purchase 621,054 shares of our common stock were not included in the computation of dilutive weighted average shares outstanding, as of September 30, 2015, because their exercise prices ranged from $41.87 per share to $47.40 per share and were greater than the average market price of our common stock. The options were outstanding as of September 30, 2015 and expire at various dates through August 2025.

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 September 30, 2015 and 2014:

	Three Months Ended
	September 30,
	2015	2014
	(Shares in Thousands)

Employee equity awards	1,187	633

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Sep. 30, 2015
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 September 31, 2015 and 2014, respectively. In August 2015, we executed a lease amendment for our Houston, Texas, location. The amendment extended the original lease termination date from July 2016 until February 2023 and increased future non-cancelable lease payments from $1.8 million to $7.0 million ($9.9 million of base rent net of $2.9 million landlord incentive applied against base rent). Base annual rent under the amended lease ranges between $1.3 million and $1.5 million, excluding our pro-rata share of taxes and expenses. In August 2015, we entered into a new lease agreement for our office location in Singapore. The initial term of the lease is for 60 months and approximately 11,343 square feet, commencing December 2015. Base annual rent is $0.6 million, excluding our proportionate share of taxes and other expenses. Subject to the terms and conditions of the lease, we may extend the lease for an additional 36 month term. Future minimum non-cancelable lease payments due over the term of the lease amount to approximately $3.1 million. Aggregate capital expenditures, including leasehold improvements, furniture and equipment, with respect to the leased premises are estimated to total approximately $1.1 million and expected to be made in fiscal 2016. Standby letters of credit for $4.0 million as of September 30, 2015 secure our performance on professional services contracts, certain facility leases and potential liabilities. This is an increase from $2.2 million as of June 30, 2015. The letters of credit expire at various dates through fiscal 2025. Legal Matters In the ordinary course of business, we are, from time to time, involved in lawsuits, claims, investigations, proceedings and threats of litigation. 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 September 30, 2015 that, in the opinion of management, are 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 September 30, 2015, and are not material to our financial position for the period then ended. As of September 30, 2015, we do not believe that 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 and Geographic Information

3 Months Ended

Sep. 30, 2015

Segment and Geographic Information

Segment and Geographic 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.

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, 2015). 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 and software			Services			Total
	(Dollars in Thousands)
Three Months Ended September 30, 2015
Segment revenue	$	111,859		$	8,437		$	120,296
Segment expenses (1)	(44,275		)	(7,730		)	(52,005		)

Segment profit	$	67,584		$	707		$	68,291

Three Months Ended September 30, 2014
Segment revenue	$	98,743		$	8,383		$	107,126
Segment expenses (1)	(43,087		)	(7,180		)	(50,267		)

Segment profit	$	55,656		$	1,203		$	56,859

(1)

Our reportable segments’ operating expenses include expenses directly attributable to the segments. Segment expenses include selling and marketing, research and development, stock-based compensation and certain corporate expenses incurred in support of the segments. Segment expenses do not include allocations of general and administrative; restructuring; interest income, net; and other (income) expense, net.

Reconciliation to Income Before Income Taxes

The following table presents a reconciliation of total segment profit to income before income taxes for the three months ended September 30, 2015 and 2014:

	Three Months Ended
	September 30,
	2015			2014
	(Dollars in Thousands)

Total segment profit for reportable segments	$	68,291		$	56,859
General and administrative	(12,862		)	(12,225		)
Other income, net	896			188
Interest income (net)	81			132

Income before income taxes	56,406			44,954

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Significant Accounting Policies (Policies)

3 Months Ended

Sep. 30, 2015

Significant Accounting Policies

Principles of Consolidation

(a)Principles of Consolidation

Revenue Recognition

(b)Revenue Recognition

Transition to the aspenONE Licensing Model

In fiscal 2010, we introduced the following changes to our licensing model:

(i)

(ii)

We began to include SMS for the entire term on our point product term arrangements.

Revenue Recognition

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.

Vendor-Specific Objective Evidence of Fair Value

Subscription and Software Revenue

Services and Other Revenue

Professional Services Revenue

Training Revenue

Deferred Revenue

Other Licensing Matters

Loss Contingencies

Foreign Currency Transactions

(d)Foreign Currency Transactions

Recently Adopted Accounting Pronouncements

(e)Recently Issued Accounting Pronouncements

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.

We will adopt ASU No. 2014-09 during the first quarter of fiscal 2019. We are currently evaluating the impact of ASU No. 2014-09 on our financial position, results of operations and cash flows.

- Definition

Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.

+ References + Details

Marketable Securities (Tables)

3 Months Ended

Sep. 30, 2015

Marketable Securities

Summary of the fair value, the amortized cost and unrealized holding gains (losses) on marketable securities

	Fair Value		Cost		Unrealized Gains		Unrealized Losses
	(Dollars in Thousands)
September 30, 2015:
U.S. corporate bonds	$	51,757	$	51,756	$	14	$	(13	)

Total short-term marketable securities	$	51,757	$	51,756	$	14	$	(13	)


U.S. corporate bonds	$	—	$	—	$	—	$	—

Total long-term marketable securities	$	—	$	—	$	—	$	—


June 30, 2015:
U.S. corporate bonds	$	59,197	$	59,223	$	8	$	(34	)

Total short-term marketable securities	$	59,197	$	59,223	$	8	$	(34	)


U.S. corporate bonds	$	3,047	$	3,055	$	—	$	(8	)

Total long-term marketable securities	$	3,047	$	3,055	$	—	$	(8	)

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

Goodwill (Tables)

3 Months Ended

Sep. 30, 2015

Goodwill

Changes in carrying amount of goodwill by reporting unit

	Amount
	(Dollars in Thousands)
Balance as of June 30, 2014:
Goodwill	$	84,845
Accumulated impairment losses	(65,569		)

	$	19,276


Effect of currency translation	(1,916		)


Balance as of June 30, 2015:
Goodwill	$	82,929
Accumulated impairment losses	(65,569		)

	$	17,360


Effect of currency translation	(750		)


Balance as of September 30, 2015:
Goodwill	$	82,179
Accumulated impairment losses	(65,569		)

	$	16,610

Supplementary Balance Sheet Information (Tables)

3 Months Ended

Sep. 30, 2015

Supplementary Balance Sheet Information

Accounts receivable, net balances

	Gross		Allowance		Net
	(Dollars in Thousands)
September 30, 2015:
Accounts receivable	$	23,634	$	1,683	$	21,951

	$	23,634	$	1,683	$	21,951


June 30, 2015:
Accounts receivable	$	32,357	$	1,636	$	30,721

	$	32,357	$	1,636	$	30,721

Property, equipment and leasehold improvements

	September 30, 2015			June 30, 2015
	(Dollars in Thousands)
Property, equipment and leasehold improvements - at cost:
Computer equipment	$	10,934		$	11,614
Purchased software	23,337			23,338
Furniture & fixtures	6,613			6,653
Leasehold improvements	12,304			12,225
Accumulated depreciation	(35,835		)	(35,791		)

Property, equipment and leasehold improvements - net	$	17,353		$	18,039

Accrued expenses and other current liabilities

	September 30, 2015		June 30, 2015
	(Dollars in Thousands)

Royalties and outside commissions	$	2,943	$	2,879
Payroll and payroll-related	9,664		18,965
Other	14,500		16,639

Total accrued expenses and other current liabilities	$	27,107	$	38,483

Other non-current liabilities

	September 30, 2015		June 30, 2015
	(Dollars in Thousands)

Deferred rent	$	5,777	$	5,273
Other (1)	23,894		24,249

Total other non-current liabilities	$	29,671	$	29,522

(1)

Other was comprised primarily of our reserve for uncertain tax positions of $22.6 million as of both September 30, 2015 and June 30, 2015.

Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2015

Stock-Based Compensation

Weighted average assumptions

	Three Months Ended
	September 30,
	2015		2014
Risk-free interest rate	1.4	%	1.5	%
Expected dividend yield	0.0	%	0.0	%
Expected life (in years)	4.6		4.5
Expected volatility factor	34.1	%	35.0	%

Stock-based compensation expense

	Three Months Ended
	September 30,
	2015		2014
	(Dollars in Thousands)
Recorded as expenses:
Cost of services and other	$	357	$	338
Selling and marketing	912		750
Research and development	824		991
General and administrative	2,330		2,125

Total stock-based compensation	$	4,423	$	4,204

Stock options and RSU activity

	Stock Options							Restricted Stock Units
	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value (in 000’s)		Shares		Weighted Average Grant Date Fair Value
Outstanding at June 30, 2015	1,214,257		$	27.25	7.26	$	22,232	542,432		$	36.13
Granted	356,097		44.33					326,382		44.33
Settled (RSUs)	—							(89,900	)	36.62
Exercised	(39,313	)	15.46					—
Cancelled / Forfeited	(41,374	)	34.81					(47,848	)	35.47

Outstanding at September 30, 2015	1,489,667		$	31.43	7.59	$	13,439	731,066		$	39.78


Vested and exercisable at September 30, 2015	811,059		$	24.03	6.40	$	12,031	—

Vested and expected to vest as of September 30, 2015	1,413,489		$	30.95	7.52	$	13,278	649,061		$	39.78

Net Income Per Share (Tables)

3 Months Ended

Sep. 30, 2015

Net Income Per Share

Calculations of basic and diluted net income (loss) per share

	Three Months Ended
	September 30,
	2015		2014
	(Dollars and Shares in Thousands, Except per Share Data)

Net income	$	36,771	$	28,967


Weighted average shares outstanding	83,876		91,183

Dilutive impact from:
Share-based payment awards	444		708

Dilutive weighted average shares outstanding	84,320		91,891


Income per share
Basic	$	0.44	$	0.32
Dilutive	$	0.44	$	0.32

Potential common shares excluded from calculation of dilutive weighted average shares outstanding

	Three Months Ended
	September 30,
	2015	2014
	(Shares in Thousands)

Employee equity awards	1,187	633

Segment and Geographic Information (Tables)

3 Months Ended

Sep. 30, 2015

Segment and Geographic Information

Summary of reportable segments' profits

	Subscription and software			Services			Total
	(Dollars in Thousands)
Three Months Ended September 30, 2015
Segment revenue	$	111,859		$	8,437		$	120,296
Segment expenses (1)	(44,275		)	(7,730		)	(52,005		)

Segment profit	$	67,584		$	707		$	68,291

Three Months Ended September 30, 2014
Segment revenue	$	98,743		$	8,383		$	107,126
Segment expenses (1)	(43,087		)	(7,180		)	(50,267		)

Segment profit	$	55,656		$	1,203		$	56,859

(1)

Reconciliation of total segment operating profit to income (loss) before provision for (benefit from) income taxes

	Three Months Ended
	September 30,
	2015			2014
	(Dollars in Thousands)

Total segment profit for reportable segments	$	68,291		$	56,859
General and administrative	(12,862		)	(12,225		)
Other income, net	896			188
Interest income (net)	81			132

Income before income taxes	56,406			44,954

Significant Accounting Policies (Details) $ in Millions	3 Months Ended
Significant Accounting Policies (Details) $ in Millions	Sep. 30, 2015 USD ($) claim
Revenue Recognition
Period over which customers typically received SMS	1 year
Concessions given on contract modification to an existing term arrangement \| $	$ 0.0
Other Licensing Matters
Number of claims outstanding \| claim	0

Significant Accounting Policies (Details 2) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Foreign Currency Transactions
Foreign currency transaction and remeasurement gains	$ 0.9	$ 0.2

Marketable Securities (Details) - U.S. corporate bonds - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Short-term Marketable Securities
Marketable Securities
Fair Value	$ 51,757	$ 59,197
Cost	51,756	59,223
Unrealized Gain	14	8
Unrealized Loss	(13)	(34)
Long-term Marketable Securities
Marketable Securities
Fair Value	0	3,047
Cost	0	3,055
Unrealized Gain	0	0
Unrealized Loss	$ 0	$ (8)

Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Goodwill:
Goodwill, net, total	$ 16,610	$ 17,360
Subscription and software
Goodwill:
Goodwill	82,179	82,929	$ 84,845
Accumulated impairment losses	(65,569)	(65,569)	(65,569)
Goodwill, net, total	$ 16,610	$ 17,360	$ 19,276

Goodwill (Details 2) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Goodwill (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Goodwill:
Goodwill, net, beginning balance	$ 17,360
Goodwill, net, ending balance	16,610	$ 17,360
Subscription and software
Goodwill:
Goodwill, net, beginning balance	17,360	19,276
Effect of currency translation	(750)	(1,916)
Goodwill, net, ending balance	$ 16,610	$ 17,360

Goodwill (Details 3) $ in Thousands	3 Months Ended
Goodwill (Details 3) $ in Thousands	Sep. 30, 2015 USD ($) item
Goodwill:
Impairment loss recognized \| $	$ 0
Number of triggering events indicating goodwill impairment occurred \| item	0

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Income Taxes
Effective income tax rate	34.80%	35.60%
Excess tax benefits from stock-based compensation	$ 1,577	$ 72

Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2015	Jun. 30, 2015
Level 1 Inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cash equivalents	$ 100.9	$ 130.2
Level 2 Inputs \| U.S. corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Marketable Securities	$ 51.8	$ 62.2

Supplementary Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Accounts Receivable
Account receivable, Gross	$ 23,634	$ 32,357
Account receivable, Allowance	1,683	1,636
Account receivable, Net	$ 21,951	$ 30,721

Supplementary Balance Sheet Information (Details 2) - Accounts receivable - Customers concentration risk	3 Months Ended
	Sep. 30, 2015 customer
Accounts Receivable
Number of customer's receivables balances representing a concentration	1
Percentage of total receivables	21.00%

Supplementary Balance Sheet Information (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Property, equipment and leasehold improvements
Accumulated depreciation	$ (35,835)	$ (35,791)
Property, equipment and leasehold improvements-net	17,353	18,039
Computer equipment
Property, equipment and leasehold improvements
Property, equipment and leasehold improvements-at cost	10,934	11,614
Purchased software
Property, equipment and leasehold improvements
Property, equipment and leasehold improvements-at cost	23,337	23,338
Furniture and fixtures
Property, equipment and leasehold improvements
Property, equipment and leasehold improvements-at cost	6,613	6,653
Leasehold improvements
Property, equipment and leasehold improvements
Property, equipment and leasehold improvements-at cost	$ 12,304	$ 12,225

Supplementary Balance Sheet Information (Details 4) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Accrued expenses and other current liabilities
Royalties and outside commissions	$ 2,943	$ 2,879
Payroll and payroll-related	9,664	18,965
Other	14,500	16,639
Total accrued expenses and other liabilities	$ 27,107	$ 38,483

Supplementary Balance Sheet Information (Details 5) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Other non-current liabilities
Deferred rent	$ 5,777	$ 5,273
Other	23,894	24,249
Total other non-current liabilities	$ 29,671	$ 29,522

Supplementary Balance Sheet Information (Details 6) - USD ($) $ in Millions	Sep. 30, 2015	Jun. 30, 2015
Reserve for uncertain tax positions
Reserve for uncertain tax positions	$ 22.6	$ 22.6

Stock-Based Compensation (Details) - $ / shares shares in Millions	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
2010 Plan
Stock-based compensation, additional disclosures
Common stock reserved for future issuance or settlement (in shares)	5.8
Stock Options
General award terms
Award vesting period	4 years
Weighted average assumptions
Weighted average fair value (in dollars per share)	$ 13.59	$ 13.64
Risk-free interest rate (as a percent)	1.40%	1.50%
Expected dividend yield (as a percent)	0.00%	0.00%
Expected life	4 years 7 months 6 days	4 years 6 months
Expected volatility factor (as a percent)	34.10%	35.00%
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-Based Compensation (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Recorded as expenses:
Total stock-based compensation	$ 4,423	$ 4,204
Cost of services and other
Recorded as expenses:
Total stock-based compensation	2,330	338
Selling and marketing
Recorded as expenses:
Total stock-based compensation	824	750
Research and development
Recorded as expenses:
Total stock-based compensation	912	991
General and administrative
Recorded as expenses:
Total stock-based compensation	$ 357	$ 2,125

Stock-Based Compensation (Details 3) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2015 USD ($) $ / shares shares	Sep. 30, 2014 USD ($) $ / shares	Jun. 30, 2015 USD ($) $ / shares shares
Weighted Average Grant Date Fair Value
Total unrecognized compensation cost \| $	$ 7,700	$ 25,800
Total unrecognized compensation cost, period of recognition	3 years	3 years
Payment related to tax withholding \| $	$ 1,125	$ 1,411
Stock Options
Stock options activity
Outstanding, beginning of period (in shares) \| shares	1,214,257
Granted (in shares) \| shares	356,097
Exercised (in shares) \| shares	(39,313)
Cancelled / Forfeited (in shares) \| shares	(41,374)
Outstanding, end of period (in shares) \| shares	1,489,667		1,214,257
Vested and exercisable, end of period (in shares) \| shares	811,059
Vested and expected to vest, end of period (in shares) \| shares	1,413,489
Weighted Average Exercise Price
Outstanding, beginning of period (in dollars per share) \| $ / shares	$ 27.25
Granted (in dollars per share) \| $ / shares	44.33
Exercised (in dollars per share) \| $ / shares	15.46
Cancelled / Forfeited (in dollars per share) \| $ / shares	34.81
Outstanding, end of period (in dollars per share) \| $ / shares	31.43		$ 27.25
Vested and exercisable, end of period (in dollars per share) \| $ / shares	24.03
Vested and expected to vest, end of period (in dollars per share) \| $ / shares	$ 30.95
Weighted Average Remaining Contractual Term
Outstanding, end of period	7 years 7 months 2 days		7 years 3 months 4 days
Vested and exercisable, end of period	6 years 4 months 24 days
Vested and expected to vest, end of period	7 years 6 months 7 days
Aggregate Intrinsic Value
Outstanding, beginning of period \| $	$ 22,232
Outstanding, end of period \| $	13,439		$ 22,232
Vested and exercisable, end of period \| $	12,031
Vested and expected to vest, end of period \| $	13,278
Weighted Average Grant Date Fair Value
Total intrinsic value of options exercised \| $	900	2,300
Cash proceeds from option exercises \| $	$ 600	$ 1,100
Restricted Stock Units
Restricted stock units activity
Outstanding, beginning of period (in shares) \| shares	542,432
Granted (in shares) \| shares	326,382
Settled (in shares) \| shares	(89,900)
Cancelled / Forfeited (in shares) \| shares	(47,848)
Outstanding, end of period (in shares) \| shares	731,066		542,432
Vested and expected to vest (in shares) \| shares	649,061
Weighted Average Grant Date Fair Value
Outstanding, beginning of period (in dollars per share) \| $ / shares	$ 36.13
Granted (in dollars per share) \| $ / shares	44.33	$ 43.44
Settled (RSUs) (in dollars per share) \| $ / shares	36.62
Cancelled / Forfeited (in dollars per share) \| $ / shares	35.47
Outstanding, end of period (in dollars per share) \| $ / shares	$ 39.78		$ 36.13
Vested and expected to vest, end of period (in dollars per share) \| $ / shares	39.78
Total fair value of shares vested from RSU grants \| $	$ 3,400	$ 4,300
Payment related to tax withholding \| $	$ 1,100	$ 1,400

Stockholders' Equity (Deficit) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Jan. 28, 2015	Apr. 23, 2014
Stockholders' Equity (Deficit)
Approved stock repurchase program, authorized amount			$ 450.0	$ 200.0
Repurchase of common stock (in shares)	1,339,499	7,731,428
Repurchase of common stock, amount	$ 55.1	$ 298.3
Remaining capacity under the stock repurchase program	$ 246.3			$ 25.4

Stockholders' Equity (Deficit) (Details 2) - USD ($) $ in Millions	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014
Accumulated Other Comprehensive Income
Foreign translation adjustments	$ 4.8	$ 6.5	$ 7.8	$ 9.4
Maximum
Accumulated Other Comprehensive Income
Net unrealized gains (losses) on available for sale securities	$ 0.1	$ (0.1)	$ 0.1	$ 0.1

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Net Income Per Share
Net income	$ 36,771	$ 28,967
Weighted average shares outstanding (in shares)	83,876	91,183
Dilutive impact from:
Employee equity awards (in shares)	444	708
Dilutive weighted average shares outstanding (in shares)	84,320	91,891
Income per share
Basic (in dollars per share)	$ 0.44	$ 0.32
Dilutive (in dollars per share)	$ 0.44	$ 0.32

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Net Income Per Share (Details 2) - $ / shares	3 Months Ended
Net Income Per Share (Details 2) - $ / shares	Sep. 30, 2015	Sep. 30, 2014
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share
Employee equity awards (in shares)	621,054
Exercise price range, low end of range (in dollars per share)	$ 41.87
Exercise price range, high end of range (in dollars per share)	$ 47.40
Employee Equity Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share
Employee equity awards (in shares)	1,187,000	633,000

Commitments and Contingencies (Details) $ in Millions	1 Months Ended	3 Months Ended
Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2015 USD ($) ft²	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Aug. 31, 2015 USD ($)	Jul. 31, 2015 USD ($)
Operating Leases
Rent expense		$ 2.1	$ 1.8
Standby letters of credit		4.0
Standby letters of credit, increase		$ 2.2
Office location in Houston, Texas
Operating Leases
Future minimum non-cancelable lease payments				$ 7.0	$ 1.8
Future minimum non-cancelable lease payments including landlord incentive				9.9
Landlord incentive				2.9
Office location in Houston, Texas \| Minimum
Operating Leases
Base annual rent expense				1.3
Office location in Houston, Texas \| Maximum
Operating Leases
Base annual rent expense				$ 1.5
Office location in Singapore \| Forecast
Operating Leases
Future minimum non-cancelable lease payments	$ 3.1
Base annual rent expense	$ 0.6
Initial term of lease	60 months
Area of office space (in square feet) \| ft²	11,343
Extension period of lease term	36 months
Capital expenditures \| Office location in Singapore \| Forecast
Operating Leases
Aggregate capital expenditures with respect to the leased premises to be paid in 2016	$ 1.1

Commitments and Contingencies (Details 2) $ in Millions	1 Months Ended
Commitments and Contingencies (Details 2) $ in Millions	Mar. 31, 2014 USD ($)	Sep. 30, 2015 item
Legal Matters
Matters that might have a material adverse effect on financial position, results of operations or cash flows \| item		0
Judgment issued \| $	$ 2.6

Segment and Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Summary of operating segments
Segment revenue	$ 120,296	$ 107,126
Segment profit	55,429	44,634
Operating segments
Summary of operating segments
Segment expenses	(52,005)	(50,267)
Segment profit	68,291	56,859
Subscription and software
Summary of operating segments
Segment revenue	111,859	98,743
Subscription and software \| Operating segments
Summary of operating segments
Segment expenses	(44,275)	(43,087)
Segment profit	67,584	55,656
Services
Summary of operating segments
Segment revenue	8,437	8,383
Services \| Operating segments
Summary of operating segments
Segment expenses	(7,730)	(7,180)
Segment profit	$ 707	$ 1,203

Segment and Geographic Information (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Reconciliation to Income Before Income Taxes
Segment profit	$ 55,429	$ 44,634
General and administrative	(12,862)	(12,225)
Other income, net	896	188
Interest income (net)	81	132
Income before provision for income taxes	56,406	44,954
Operating segments
Reconciliation to Income Before Income Taxes
Segment profit	$ 68,291	$ 56,859