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2302302 - Disclosure - Significant Accounting Policies (Tables)
(http://www.aspentech.com/role/SignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000929940 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2015-07-01 - 2016-06-30
Accounting Policies [Abstract]
 
Summary of the fair value, the amortized cost and unrealized holding gains (losses) on marketable securities
The following table summarizes the fair value, the amortized cost and unrealized holding gains (losses) on our marketable securities as of June 30, 2016 and 2015:
 
Fair Value
 
Cost
 
Unrealized Gains
 
Unrealized Losses
 
 
(Dollars in Thousands)
 
June 30, 2016:
 
 
 
 
 
 
 
 
U.S. corporate bonds with maturities less than one year
$
3,006

 
$
3,006

 
$
—

 
$
—

 
Total short-term marketable securities
$
3,006

 
$
3,006

 
$
—

 
$
—

 
June 30, 2015:
 
 
 
 
 
 
 
 
U.S. corporate bonds with maturities less than one year
$
59,197

 
$
59,223

 
$
8

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

 
$
59,223

 
$
8

 
$
(34
)
 
U.S. corporate bonds with maturities greater than one year
$
3,047

 
$
3,055

 
$
—

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

 
$
3,055

 
$
—

 
$
(8
)
 
  
Property and equipment, estimated useful lives
We provide for depreciation and amortization, primarily computed using the straight-line method, by charges to operations in amounts estimated to allocate the cost of the assets over their estimated useful lives, as follows:
Asset Classification
Estimated Useful Life
Computer equipment
3 years
Purchased software
3 - 5 years
Furniture and fixtures
3 - 10 years
Leasehold improvements
Life of lease or asset, whichever is shorter
  
Allowance for doubtful accounts activity for accounts receivable
The following table presents our allowance for doubtful accounts activity for accounts receivable in fiscal 2016 and 2015, respectively:
 
Year Ended June 30,
 
2016
 
2015
 
(Dollars in Thousands)
Balance, beginning of year
$
1,636

 
$
3,465

Provision for bad debts
1,032

 
(1,032
)
Write-offs
(1,064
)
 
(797
)
Balance, end of year
$
1,604

 
$
1,636

  
Accounts receivable, net balances
The following table summarizes our accounts receivable, net of the related allowance for doubtful accounts, as of June 30, 2016 and 2015:
 
Gross
 
Allowance
 
Net
 
(Dollars in Thousands)
June 30, 2016:
 
 
 
 
 
Accounts Receivable
$
22,080

 
$
1,604

 
$
20,476

 
$
22,080

 
$
1,604

 
$
20,476

June 30, 2015:
 
 
 
 
 
Accounts Receivable
$
32,357

 
$
1,636

 
$
30,721

 
$
32,357

 
$
1,636

 
$
30,721

  
Financial assets and financial liabilities measured and recorded at fair value on a recurring basis
The following table summarizes financial assets and financial liabilities measured and recorded at fair value on a recurring basis in the accompanying consolidated balance sheets as of June 30, 2016 and 2015, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
 
Fair Value Measurements at Reporting Date Using,
 
Quoted Prices in Active Markets for Identical Assets
(Level 1 Inputs)
 
Significant Other Observable Inputs
(Level 2 Inputs)
 
(Dollars in Thousands)
June 30, 2016:
 
 
 
Cash equivalents
$
286,200

 
$
—

Marketable securities
—

 
3,006

June 30, 2015:
 
 
 
Cash equivalents
$
130,232

 
$
—

Marketable securities
—

 
62,244

  
Calculations of basic and diluted net income (loss) per share
The calculations of basic and diluted net income (loss) per share and basic and diluted weighted average shares outstanding are as follows:
 
Year Ended June 30,
 
2016
 
2015
 
2014
 
(Dollars and Shares in Thousands, Except per Share Data)
Net income
$
139,951

 
$
118,407

 
$
85,783

Weighted average shares outstanding
82,892

 
88,398

 
92,648

Dilutive impact from:
 
 
 
 
 
Employee equity awards
417

 
618

 
1,017

Dilutive weighted average shares outstanding
83,309

 
89,016

 
93,665

Income per share
 
 
 
 
 
Basic
$
1.69

 
$
1.34

 
$
0.93

Dilutive
$
1.68

 
$
1.33

 
$
0.92

  
Potential common shares excluded from calculation of dilutive weighted average shares outstanding
The following potential common shares were excluded from the calculation of dilutive weighted average shares outstanding because their effect would be anti-dilutive at the balance sheet date:
 
Year Ended June 30,
 
2016
 
2015
 
2014
 
(Shares in Thousands)
Employee equity awards
1,028

 
587

 
291