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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 30, 2012	Jul. 31, 2012	Dec. 30, 2011
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	FY
Trading Symbol	MRCY
Entity Registrant Name	MERCURY COMPUTER SYSTEMS INC
Entity Central Index Key	0001049521
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		31,018,894
Entity Public Float			$ 392,600,000

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Current assets:
Cash and cash equivalents	$ 115,964	$ 162,875
Accounts receivable, net of allowance for doubtful accounts of $5 and $17 at June 30, 2012 and 2011, respectively	38,532	44,786
Unbilled receivables and cost in excess of billings	10,918	1,059
Inventory	25,845	18,540
Deferred income taxes	7,653	7,678
Prepaid income taxes	2,585	1,075
Prepaid expenses and other current assets	6,206	4,171
Total current assets	207,703	240,184
Restricted cash	3,281	3,000
Property and equipment, net	15,929	14,520
Goodwill	132,621	79,558
Acquired intangible assets, net	25,083	16,702
Other non-current assets	989	1,598
Total assets	385,606	355,562
Current liabilities:
Accounts payable	9,002	7,972
Accrued expenses	9,895	5,808
Accrued compensation	13,190	16,288
Deferred revenues and customer advances	4,855	6,138
Total current liabilities	36,942	36,206
Deferred gain on sale-leaseback	4,399	5,556
Deferred income taxes	7,197	3,877
Income taxes payable	2,597	1,777
Other non-current liabilities	1,367	6,710
Total liabilities	52,502	54,126
Commitments and contingencies (Note L)
Shareholders' equity:
Preferred stock, $.01 par value; 1,000,000 shares authorized; no shares issued or outstanding
Common stock, $.01 par value; 85,000,000 shares authorized; 29,729,065 and 29,143,738 shares issued and outstanding at June 30, 2012 and 2011 respectively	297	291
Additional paid-in capital	222,769	213,777
Retained earnings	108,732	86,113
Accumulated other comprehensive income	1,306	1,255
Total shareholders' equity	333,104	301,436
Total liabilities and shareholders' equity	$ 385,606	$ 355,562

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Accounts receivable, allowance for doubtful accounts	$ 5	$ 17
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	85,000,000	85,000,000
Common stock, shares issued	29,729,065	29,143,738
Common stock, shares outstanding	29,729,065	29,143,738

Consolidated Statements Of Operations And Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Net revenues	$ 244,929	$ 228,710	$ 199,830
Cost of revenues	108,773	98,811	87,298
Gross margin	136,156	129,899	112,532
Operating expenses:
Selling, general and administrative	57,159	57,868	51,519
Research and development	45,984	44,500	41,548
Amortization of acquired intangible assets	3,799	1,984	1,710
Restructuring and other charges	2,821		231
Impairment of long-lived assets		150	211
Acquisition costs and other related expenses	1,219	412
Change in the fair value of the liability related to the LNX earn-out	(4,938)
Total operating expenses	106,044	104,914	95,219
Income from operations	30,112	24,985	17,313
Interest income	13	34	532
Interest expense	(40)	(79)	(381)
Other income, net	1,686	1,627	1,228
Income from continuing operations before income taxes (benefit)	31,771	26,567	18,692
Income taxes (benefit)	9,152	8,060	(9,377)
Income from continuing operations	22,619	18,507	28,069
(Loss) income from discontinued operations, net of income taxes		(65)	289
Net income	$ 22,619	$ 18,442	$ 28,358
Basic net earnings (loss) per share:
Income from continuing operations	$ 0.77	$ 0.73	$ 1.25
(Loss) income from discontinued operations, net of income taxes			0.01
Net income	0.77	0.73	1.26
Diluted net earnings (loss) per share:
Income from continuing operations	0.75	0.71	1.22
(Loss) income from discontinued operations, net of income taxes		(0.01)	0.01
Net income	$ 0.75	$ 0.70	$ 1.23
Weighted-average shares outstanding:
Basic	29,477	25,322	22,559
Diluted	30,085	26,209	23,008
Comprehensive income:
Net income	$ 22,619	$ 18,442	$ 28,358
Foreign currency translation adjustments	53	311	368
Net unrealized (loss) gain on investments	(2)	2	(83)
Total comprehensive income	$ 22,670	$ 18,755	$ 28,643

Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income
Beginning Balance (in shares) at Jun. 30, 2009		22,376,000
Beginning Balance at Jun. 30, 2009	$ 145,037	$ 224	$ 104,843	$ 39,313	$ 657
Issuance of common stock under employee stock incentive plans (in shares)		455,000
Issuance of common stock under employee stock incentive plans	1,002	$ 5	997
Issuance of common stock under employee stock purchase plan (in shares)		94,000
Issuance of common stock under employee stock purchase plan	$ 847	$ 1	846
Repurchase of common stock (in shares)	(42,000)	(42,000)
Repurchase of common stock	$ (433)	$ (1)	(432)
Stock-based compensation	4,016		4,016
Net income	28,358			28,358
Net unrealized gain (loss) on investments	(83)				(83)
Foreign currency translation adjustments	368				368
Ending Balance (in shares) at Jun. 30, 2010		22,883,000
Ending Balance at Jun. 30, 2010	179,112	$ 229	110,270	67,671	942
Issuance of common stock under employee stock incentive plans (in shares)		594,000
Issuance of common stock under employee stock incentive plans	2,596	$ 6	2,590
Issuance of common stock under employee stock purchase plan (in shares)		89,000
Issuance of common stock under employee stock purchase plan	1,094	$ 1	1,093
Follow-on public stock offering (in shares)		5,578,000
Follow-on public stock offering	93,605	$ 55	93,550
Stock-based compensation	5,580		5,580
Tax benefit from employee stock plan awards	694		694
Net income	18,442			18,442
Net unrealized gain (loss) on investments	2				2
Foreign currency translation adjustments	$ 311				311
Ending Balance (in shares) at Jun. 30, 2011	29,143,738	29,144,000
Ending Balance at Jun. 30, 2011	$ 301,436	$ 291	213,777	86,113	1,255
Issuance of common stock under employee stock incentive plans (in shares)		481,000
Issuance of common stock under employee stock incentive plans	466	$ 5	461
Issuance of common stock under employee stock purchase plan (in shares)		104,000
Issuance of common stock under employee stock purchase plan	1,165	$ 1	1,164
Stock-based compensation	6,616		6,616
Tax benefit from employee stock plan awards	751		751
Net income	22,619			22,619
Net unrealized gain (loss) on investments	(2)				(2)
Foreign currency translation adjustments	$ 53				53
Ending Balance (in shares) at Jun. 30, 2012	29,729,065	29,729,000
Ending Balance at Jun. 30, 2012	$ 333,104	$ 297	$ 222,769	$ 108,732	$ 1,306

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net income	$ 22,619	$ 18,442	$ 28,358
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	11,658	8,348	6,857
Stock-based compensation expense	6,616	5,580	4,016
(Benefit) provision for deferred income taxes	(3,056)	1,888	(9,698)
Impairment of long-lived assets		150	211
Excess tax benefit from stock-based compensation	(559)	(893)	(1,494)
Change in the fair value of the liability related to the LNX earn-out	(4,938)
Other non-cash items	(555)	(898)	(1,308)
Changes in operating assets and liabilities, net of effects of businesses acquired and disposed of:
Accounts receivable, unbilled receivable, and cost in excess of billings	6,755	257	(15,256)
Inventory	(7,267)	2,514	(859)
Prepaid income taxes	3,514	1,567	(2,162)
Prepaid expenses and other current assets	(816)	(2,120)	505
Other non-current assets	646	(677)	(113)
Accounts payable and accrued expenses	(1,092)	931	5,708
Deferred revenues and customer advances	(1,850)	(3,696)	234
Income taxes payable	820	21	(262)
Other non-current liabilities	(626)	60	971
Net cash provided by operating activities	31,869	31,474	15,708
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(71,044)	(29,508)
Sales and maturities of marketable securities		18,025	32,025
Purchases of property and equipment	(9,427)	(8,825)	(7,334)
Payments for acquired intangible assets	(50)	(2,375)	(250)
Payments for sale of discontinued operations, net			(826)
Increase in restricted cash	(281)
Net cash (used in) provided by investing activities	(80,802)	(22,683)	23,615
Cash flows from financing activities:
Proceeds from follow-on public stock offering, net		93,605
Proceeds from employee stock plans	1,631	3,690	1,849
Excess tax benefit from stock-based compensation	559	893	1,494
Payments under line of credit			(33,364)
Payments of deferred financing costs		(31)	(170)
Payments of deferred offering costs	(30)	(59)
Repurchases of common stock			(433)
(Payments) proceeds of capital lease obligations	(185)	(298)	30
Net cash provided by (used in) financing activities	1,975	97,800	(30,594)
Effect of exchange rate changes on cash and cash equivalents	47	43	562
Net (decrease) increase in cash and cash equivalents	(46,911)	106,634	9,291
Cash and cash equivalents at beginning of year	162,875	56,241	46,950
Cash and cash equivalents at end of year	115,964	162,875	56,241
Cash paid during the period for:
Interest	40	45	150
Income taxes	8,686	4,397	2,587
Supplemental disclosures-non-cash activities:
Issuance of restricted stock awards to employees	8,367	9,204	6,219
Acquisition of intangible assets		495
Capital lease	$ 41	$ 251	$ 168

Description of Business

12 Months Ended

Jun. 30, 2012

Description of Business

A. Description of Business

Mercury Computer Systems, Inc. (the “Company” or “Mercury”) designs, manufactures and markets commercially-developed, high-performance embedded, real-time digital signal and image processing sub-systems and software for specialized defense and commercial markets. The Company’s solutions play a critical role in a wide range of applications, processing and transforming sensor data to information for storage, analysis and interpretation. The Company’s goal is to grow and build on its position as a critical component of the defense and intelligence industrial base and be the leading provider of open and affordable sensor processing subsystems for intelligence, surveillance and reconnaissance (“ISR”), electronic warfare (“EW”), and missile defense applications. In military reconnaissance and surveillance platforms, the Company’s sub-systems receive, process, and store real-time radar, video, sonar and signals intelligence data. The Company provides radio frequency (“RF”) and microwave products for enhanced signal acquisitions and communications in military and commercial applications. Additionally, Mercury Federal Systems, the Company’s wholly owned subsidiary, focuses on direct and indirect contracts supporting the defense, intelligence, and homeland security agencies.

The Company’s products and solutions address mission-critical requirements within the defense industry for C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) and electronic warfare systems and services, and target several markets including maritime defense, airborne reconnaissance, ballistic missile defense, ground mobile and force protection systems and tactical communications and network systems. The Company delivers commercially developed technology and solutions that are based on open system architectures and widely adopted industry standards, and supports all of this with services and support capabilities.

Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2012

Summary of Significant Accounting Policies

B. Summary of Significant Accounting Policies

PRINCIPLES OF CONSOLIDATION

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated.

BUSINESS COMBINATIONS

The Company utilizes the acquisition method of accounting under Financial Accounting Standard Boards (“FASB”) Accounting Standard Codification (“ASC”) 805, Business Combinations, (“FASB ASC 805”), for all transactions and events which it obtains control over one or more other businesses, to recognize the fair value of all assets and liabilities acquired, even if less than one hundred percent ownership is acquired, and in establishing the acquisition date fair value as measurement date for all assets and liabilities assumed. The Company also utilizes FASB ASC 805 for the initial recognition and measurement, subsequent measurement and accounting, and disclosure of assets and liabilities arising from contingencies in business combinations.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

REVENUE RECOGNITION

The Company relies upon FASB ASC 605, Revenue Recognition to account for its revenue transactions. Revenue from system sales is recognized upon shipment provided that title and risk of loss have passed to the customer, there is persuasive evidence of an arrangement, the sales price is fixed or determinable, collection of the related receivable is reasonably assured, and customer acceptance criteria, if any, have been successfully demonstrated.

Certain contracts with customers require the Company to perform tests of its products prior to shipment to ensure their performance complies with the Company’s published product specifications and, on occasion, with additional customer-requested specifications. In these cases, the Company conducts such tests and, if they are completed successfully, includes a written confirmation with each order shipped. As a result, at the time of each product shipment, the Company believes that no further customer testing requirements exist and that there is no uncertainty of acceptance by its customer.

The Company enters into multiple-deliverable arrangements that may include a combination of hardware components, related integration or other services. These arrangements generally do not include any performance-, cancellation-, termination- or refund-type provisions. Total revenue recognized under multiple-deliverable revenue arrangements in fiscal 2012, 2011 and 2010 was 39%, 50% and 53% of total revenues, respectively.

The Company uses FASB Accounting Standards Update (“ASU”) No. 2009-13 (“FASB ASU 2009-13”), Multiple-Deliverable Revenue Arrangements. FASB ASU 2009-13 establishes a selling price hierarchy for determining the selling price of a deliverable, which includes: (1) vendor-specific objective evidence (“VSOE”) if available; (2) third-party evidence (“TPE”) if VSOE is not available; and (3) best estimated selling price (“BESP”), if neither VSOE nor TPE is available. Additionally, FASB ASU 2009-13 expands the disclosure requirements related to a vendor’s multiple-deliverable revenue arrangements. This guidance was required for the Company beginning July 1, 2010; however, the Company elected to early adopt, as permitted by the guidance. As such, the Company prospectively applied the provisions of FASB ASU 2009-13 to all revenue arrangements entered into or materially modified after July 1, 2009.

Per the provisions of FASB ASU 2009-13, the Company allocates arrangement consideration to each deliverable in an arrangement based on its relative selling price. The Company generally expects that it will not be able to establish VSOE or TPE due to limited single element transactions and the nature of the markets in which the Company competes, and, as such, the Company typically determines its relative selling price using BESP.

The Company uses BESP in its allocation of arrangement consideration. The objective of BESP is to determine the price at which the Company would transact if the product or service were sold by the Company on a standalone basis.

The Company’s determination of BESP involves the consideration of several factors based on the specific facts and circumstances of each arrangement. Specifically, the Company considers the cost to produce the deliverable, the anticipated margin on that deliverable, the selling price and profit margin for similar parts, the Company’s ongoing pricing strategy and policies (as evident from the price list established and updated by management on a regular basis), the value of any enhancements that have been built into the deliverable and the characteristics of the varying markets in which the deliverable is sold.

The Company analyzes the selling prices used in its allocation of arrangement consideration at a minimum on an annual basis. Selling prices will be analyzed on a more frequent basis if a significant change in the Company’s business necessitates a more timely analysis or if the Company experiences significant variances in its selling prices.

Each deliverable within the Company’s multiple-deliverable revenue arrangements is accounted for as a separate unit of accounting under the guidance of FASB ASU 2009-13 if both of the following criteria are met: the delivered item or items have value to the customer on a standalone basis; and for an arrangement that includes a general right of return relative to the delivered item(s), delivery or performance of the undelivered item(s) is considered probable and substantially in the control of the Company. The Company considers a deliverable to have standalone value if the item is sold separately by the Company or another vendor or if the item could be resold by the customer. Further, the Company’s revenue arrangements generally do not include a general right of return relative to delivered products.

Deliverables not meeting the criteria for being a separate unit of accounting are combined with a deliverable that does meet that criterion. The appropriate allocation of arrangement consideration and recognition of revenue is then determined for the combined unit of accounting.

For transactions involving the licensing of standalone software products and of software that is not incidental to the product, the Company recognizes revenue when there is persuasive evidence of an arrangement, delivery of the software has occurred, the price is fixed or determinable, and collection of the related receivable is reasonably assured. The Company’s software products are generally not deemed essential to the functionality of any hardware system and do not require installation by the Company or significant modification or customization of the software. If fair value of maintenance agreements related to standalone software products is obtained, the fair value of the maintenance agreement is recognized as revenue ratably over the term of each maintenance agreement.

In electing to early adopt FASB ASU 2009-13, the Company also early adopted FASB ASU No. 2009-14, Certain Revenue Arrangements That Include Software Elements (“FASB ASU 2009-14”). FASB ASU 2009-14 amends the FASB ASC 985-605, Software Revenue Recognition, to change the accounting model for revenue arrangements that include both tangible products and software elements, such that tangible products containing both software and non-software components that function together to deliver the tangible product’s essential functionality are no longer within the scope of software revenue guidance. These arrangements are instead subject to the guidance in FASB ASC 605-25. The Company monitors all multiple-element arrangements to determine if they are in scope of FASB ASU 2009-14, and when applicable will apply all relevant criteria per guidance. The adoption of FASB ASU 2009-14 has not had a material impact on the Company’s financial position or results of operations.

For multiple-element arrangements entered into prior to July 1, 2009, in accordance with FASB ASC 605-25, the Company defers the greater of the fair value of any undelivered elements of the contract or the portion of the sales price that is not payable until the undelivered elements are delivered.

The Company also engages in long-term contracts for development, production and services activities which it accounts for consistent with FASB ASC 605-35, Accounting for Performance of Construction-Type and Certain Production-Type Contracts, and other relevant revenue recognition accounting literature. The Company considers the nature of these contracts and the types of products and services provided when determining the proper accounting for a particular contract. Generally for fixed-price contracts, other than service-type contracts, revenue is recognized primarily under the percentage of completion method or, for certain short-term contracts, by the completed contract method. Revenue from service-type fixed-price contracts is recognized ratably over the contract period or by other appropriate input or output methods to measure service provided, and contract costs are expensed as incurred. The Company establishes billing terms at the time project deliverables and milestones are agreed. Revenues recognized in excess of the amounts invoiced to clients are classified as unbilled receivables. The risk to the Company on a fixed-price contract is that if estimates to complete the contract change from one period to the next, profit levels will vary from period to period. For time and materials contracts, revenue reflects the number of direct labor hours expended in the performance of a contract multiplied by the contract billing rate, as well as reimbursement of other billable direct costs. The risk inherent in time and materials contracts is that actual costs may differ materially from negotiated billing rates in the contract, which would directly affect operating income. For all types of contracts, the Company recognizes anticipated contract losses as soon as they become known and estimable. Out-of-pocket expenses that are reimbursable by the customer are included in revenue and cost of revenue.

The use of contract accounting requires significant judgment relative to estimating total contract revenues and costs, including assumptions relative to the length of time to complete the contract, the nature and complexity of the work to be performed, anticipated increases in wages and prices for subcontractor services and materials, and the availability of subcontractor services and materials. The Company’s estimates are based upon the professional knowledge and experience of its engineers, program managers and other personnel, who review each long-term contract monthly to assess the contract’s schedule, performance, technical matters and estimated cost at completion. Changes in estimates are applied retrospectively and when adjustments in estimated contract costs are identified, such revisions may result in current period adjustments to earnings applicable to performance in prior periods.

The Company does not provide its customers with rights of product return, other than those related to warranty provisions that permit repair or replacement of defective goods. The Company accrues for anticipated warranty costs upon product shipment. Revenues from product royalties are recognized upon invoice by the Company. Additionally, all revenues are reported net of government assessed taxes (e.g. sales taxes or value-added taxes).

CASH AND CASH EQUIVALENTS

Cash equivalents, consisting of highly liquid money market funds and U.S. government and U.S. government agency issues with remaining maturities of 90 days or less at the date of purchase, are carried at fair market value which approximates cost. The Company also has restricted cash which is classified as a non-current asset due to the length of the restriction.

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially expose the Company to concentrations of credit risk consist principally of cash, cash equivalents and accounts receivable. The Company places its cash and cash equivalents with financial institutions that management believes are of high credit quality. At June 30, 2012 and 2011, the Company had $115,958 and $162,869, respectively, of cash and cash equivalents on deposit or invested with its financial and lending institutions.

The Company provides credit to customers in the normal course of business. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary but generally does not require collateral. At June 30, 2012, five customers accounted for 59% of the Company’s receivables, unbilled receivables and cost in excess of billings. At June 30, 2011, five customers accounted for 74% of the Company’s receivables, unbilled receivables and cost in excess of billings.

INVENTORY

Inventory is stated at the lower of cost (first-in, first-out) or market value, and consists of materials, labor and overhead. On a quarterly basis, the Company uses consistent methodologies to evaluate inventory for net realizable value. Once an item is written down, the value becomes the new inventory cost basis. The Company reduces the value of inventory for excess and obsolete inventory, consisting of on-hand and non-cancelable on-order inventory in excess of estimated usage. The excess and obsolete inventory evaluation is based upon assumptions about future demand, product mix and possible alternative uses.

GOODWILL AND ACQUIRED INTANGIBLE ASSETS

Goodwill is the amount by which the cost of the acquired net assets in a business acquisition exceeded the fair values of the net identifiable assets on the date of purchase. Goodwill is not amortized in accordance with the requirements of FASB ASC 350, Intangibles-Goodwill and Other (“FASB ASC 350”). Goodwill is assessed for impairment at least annually, on a reporting unit basis, or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. If the book value of a reporting unit exceeds its fair value, the implied fair value of goodwill is compared with the carrying amount of goodwill. If the carrying amount of goodwill exceeds the implied fair value, an impairment loss is recorded in an amount equal to that excess.

For the year ended June 30, 2012, the Company elected to adopt FASB ASU 2011-08, Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment (“ASU 2011-08”). Under ASU 2011-08, the Company has the option to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount to determine whether further impairment testing is necessary. Based on the results of the qualitative review of goodwill performed as of June 30, 2012, the Company did not identify any indicators of impairment. As such, the two-phase process was not necessary.

Acquired intangible assets result from the Company’s various business acquisitions (see Note E) and certain licensed technologies, and consist of identifiable intangible assets, including completed technology, licensing agreements, customer relationships, backlog, and non-compete agreements. Acquired intangible assets are reported at cost, net of accumulated amortization and are either amortized on a straight-line basis over their estimated useful lives of up to seven years or over the period the economic benefits of the intangible asset are consumed.

LONG-LIVED ASSETS

Long-lived assets primarily include property and equipment and acquired intangible assets. The Company periodically evaluates its long-lived assets for events and circumstances that indicate a potential impairment in accordance with FASB ASC 360, Property, Plant, and Equipment (“FASB ASC 360”). The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the estimated undiscounted cash flows of the asset as compared to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value.

PROPERTY AND EQUIPMENT

Property and equipment are the long-lived, physical assets of the Company acquired for use in the Company’s normal business operations and are not intended for resale by the Company. These assets are recorded at cost. Renewals and betterments that increase the useful lives of the assets are capitalized. Repair and maintenance expenditures that increase the efficiency of the assets are expensed as incurred. Equipment under capital lease is recorded at the present value of the minimum lease payments required during the lease period. Depreciation is based on the estimated useful lives of the assets using the straight-line method (see Note I).

As assets are retired or sold, the related cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations.

Expenditures for major software purchases and software developed for internal use are capitalized and depreciated using the straight-line method over the estimated useful lives of the related assets, which are generally three years. For software developed for internal use, all external direct costs for material and services and certain payroll and related fringe benefit costs are capitalized in accordance with FASB ASC 350. During fiscal 2012 and 2011, the Company capitalized $1,092 and $1,000 of software development costs. Software development costs qualifying for capitalization were not material for the year ended June 30, 2010.

DEFERRED REVENUES AND CUSTOMER ADVANCES

Deferred revenues consist of deferred product revenue, billings in excess of revenues, and deferred service revenue. Deferred product revenue represents amounts that have been invoiced to customers, but are not yet recognizable as revenue because one or more of the conditions for revenue recognition have not been met. Billings in excess of revenues represents milestone billing arrangements on percentage of completion projects where the billings of the contract exceed recognized revenues. Deferred service revenue primarily represents amounts invoiced to customers for annual maintenance contracts or extended warranty concessions, which are recognized ratably over the term of the arrangements. Customer advances represent deposits received from customers on an order.

INCOME TAXES

The Company accounts for income taxes under FASB ASC 740, Income Taxes (“FASB ASC 740”). The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the Company’s consolidated financial statements. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates for the year in which the differences are expected to reverse. The Company records a valuation allowance 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.

FASB ASC 740 requires a two-step approach to recognizing and measuring uncertain tax positions. First, the tax position must be evaluated to determine the likelihood that it will be sustained upon external examination. If the tax position is deemed more-likely-than-not to be sustained, the tax position is then assessed to determine the amount of benefit to recognize in the financial statements. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized upon ultimate settlement.

The Company recognizes interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense.

PRODUCT WARRANTY ACCRUAL

The Company’s product sales generally include a 12 month standard hardware warranty. At time of product shipment, the Company accrues for the estimated cost to repair or replace potentially defective products. Estimated warranty costs are based upon prior actual warranty costs for substantially similar transactions and any specifically identified warranty requirements.

RESEARCH AND DEVELOPMENT COSTS

Research and development costs are expensed as incurred. Research and development costs are primarily made up of labor charges and prototype material and development expenses.

STOCK-BASED COMPENSATION

Stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense on a straight-line basis over the requisite service period, which generally represents the vesting period, and includes an estimate of the awards that will be forfeited. The Company uses the Black-Scholes valuation model for estimating the fair value on the date of grant of stock options. The fair value of stock option awards is affected by the Company’s stock price as well as valuation assumptions, including the volatility of the Company’s stock price, expected term of the option, risk-free interest rate and expected dividends. The fair value of restricted stock awards are based on the market price on the date of grant.

NET EARNINGS PER SHARE

Basic net earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net earnings per share computation includes the effect of shares which would be issuable upon the exercise of outstanding stock options and the vesting of restricted stock, reduced by the number of shares which are assumed to be purchased by the Company under the treasury stock method.

Basic and diluted weighted average shares outstanding were as follows:


	Years Ended June 30,
	2012		2011		2010
Basic weighted-average shares outstanding		29,477		25,322		22,559
Effect of dilutive equity instruments		608		887		449

Diluted weighted-average shares outstanding		30,085		26,209		23,008

Weighted average equity instruments to purchase 1,244, 753 and 1,705 shares of common stock were not included in the calculation of diluted net earnings per share for the fiscal years ended June 30, 2012, 2011 and 2010, respectively, because the equity instruments were anti-dilutive.

On February 16, 2011, the Company completed a follow-on public stock offering of 5,578 shares of the Company’s common stock, at a price to the public of $17.75, generating net proceeds, after underwriting fees and expenses, of $93,605. As a result, an additional 5,578 and 2,129 weighted average shares outstanding were included in the calculation of basic and diluted net earnings per shares for fiscal 2012 and 2011.

COMPREHENSIVE INCOME

Comprehensive income consists of net income and other comprehensive income, which includes foreign currency translation adjustments and unrealized gains on investments.

The components of accumulated other comprehensive income were as follows:


	June 30,
	2012		2011
Accumulated foreign currency translation adjustments	$	1,306	$	1,253
Accumulated net unrealized gains on investments		—		2

Total accumulated other comprehensive income	$	1,306	$	1,255

FOREIGN CURRENCY

Local currencies are used as the functional currency for the Company’s subsidiaries in Europe and Japan. The accounts of foreign subsidiaries are translated using exchange rates in effect at period-end for assets and liabilities and at average exchange rates during the period for results of operations. The related translation adjustments are reported in accumulated other comprehensive income in shareholders’ equity. Gains (losses) resulting from foreign currency transactions are included in other income (expense) and were immaterial for all periods presented.

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

Effective July 1, 2011, the Company elected to adopted FASB ASU 2011-08, Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment (“ASU 2011-08”): an amendment of the FASB Accounting Standards Codification. The ASU permits an entity to make a qualitative assessment of whether it is more likely than not that a reporting unit’s fair value is less than its carrying amount before applying the two-step goodwill impairment test. If an entity concludes it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it does not need to perform the two-step impairment test. The ASU is effective for the Company on July 1, 2012; however, the Company has elected to early adopt as permitted by the guidance. Upon adoption, the Company applied ASU 2011-08 to its annual goodwill impairment test using a qualitative assessment before applying a two-step goodwill impairment test. Such adoption did not have a material impact on the Company’s financial position or results of operations.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In December 2011, the FASB issued ASU No. 2011-11, Disclosures about Offsetting Assets and Liabilities, in conjunction with the International Accounting Standards Board (“IASB”)’s issuance of amendments to Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7). While the Boards retained the existing offsetting models under U.S. GAAP and International Financial Reporting Standards (“IFRS”), the new standards require disclosures to allow investors to better compare financial statements prepared under U.S. GAAP with financial statements prepared under IFRS. The new standards are effective for annual periods beginning January 1, 2013, and interim periods within those annual periods. Retrospective application is required. This guidance is not expected to have a material impact to our consolidated financial statements.

In December 2011, the FASB issued ASU No. 2011-12, Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. The ASU defers the new requirement to present components of reclassifications of other comprehensive income on the face of the income statement. Companies are still required to adopt the other requirements contained in the new standard on comprehensive income, ASU No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income (“ASU 2011-05”). The new standard and this deferral are effective for public entities as of the beginning of a fiscal year that begins after December 15, 2011 and interim and annual periods thereafter. Early adoption is permitted but full retrospective application is required. Effective July 1, 2010, the Company adopted ASU 2011-05 and has presented the components of net income and comprehensive income in one consecutive financial statement on the Company’s annual and quarterly reports filed on Form 10-K and Form 10-Q respectively.

Acquisitions

12 Months Ended

Jun. 30, 2012

Acquisitions

C. Acquisitions

KOR AND PDI ACQUISITION

On December 22, 2011, the Company and King Merger Inc., a newly formed, wholly-owned subsidiary of the Company (the “Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with KOR Electronics (“KOR”), and Shareholder Representative Services LLC, as the securityholders’ representative. On December 30, 2011, the transaction closed with the Merger Sub being merged with and into KOR with KOR continuing as the surviving company and wholly-owned subsidiary of the Company (the “Merger”). By operation of the Merger, the Company acquired both KOR and its wholly-owned subsidiary, Paragon Dynamics, Inc. (“PDI”). Based in Cypress, California, KOR designs and develops digital radio frequency memory (“DRFM”) units for a variety of modern EW applications, as well as radar environment simulation and test systems for defense applications. Based in Aurora, Colorado, PDI provides sophisticated analytic exploitation services and customized multi-intelligence data fusion solutions for the U.S. intelligence community. For segment reporting, KOR is included in the Advanced Computing Solutions (“ACS”) business segment and PDI is included in the MFS business segment.

The Company acquired KOR and PDI for a purchase price of $70,000 paid in cash. The Company funded the purchase price with cash on hand. The Company acquired KOR and PDI free of bank debt. The purchase price was subject to post-closing adjustment based on a determination of KOR’s closing net working capital.

In accordance with the Merger Agreement, $10,650 of the purchase price was placed into escrow to support the post-closing working capital adjustment and the sellers’ indemnification obligations. The escrow is available for indemnification claims through December 30, 2013.

Following the acquisition, the Company’s KOR and PDI subsidiaries became guarantors under the Company’s Loan Agreement and granted a security interest in its assets in favor of the Lender (see Note K).

The following table presents the net purchase price and its preliminary allocation for the acquisition of KOR:


	Amounts
Consideration transferred
Cash paid at closing	$	71,019
Working capital adjustment		1,044
Less cash, cash equivalents and restricted cash acquired		(1,019	)

Net purchase price	$	71,044

Estimated fair value of tangible assets acquired and liabilities assumed
Cash, cash equivalents and restricted cash	$	1,019
Accounts receivable and cost in excess of billings		10,367
Other current and non-current assets		4,063
Current liabilities		(3,978	)
Deferred income taxes		(4,601	)

Estimated fair value of net tangible assets acquired		6,870
Estimated fair value of identifiable intangible assets		12,130
Estimated fair value of goodwill		53,063

Estimated fair value of assets acquired	$	72,063
Less cash, cash equivalents and restricted cash acquired		(1,019	)

Net purchase price	$	71,044

The amounts above represent the preliminary fair value estimates as of June 30, 2012 and are subject to subsequent adjustment as the Company obtains additional information during the measurement period and finalizes its fair value estimates. Any subsequent adjustments to these fair value estimates occurring during the measurement period will result in an adjustment to goodwill or income, as applicable. As of June 30, 2012, there have been no material adjustments to the initial fair value estimates.

The goodwill of $53,063 arising from the KOR acquisition largely reflects the potential synergies and expansion of the Company’s service offerings across product segments and markets complementary to the Company’s existing products and markets. The KOR acquisition provides the Company with additional know-how and expertise related to radio frequency simulation and jamming technology and expansion into technical services for the U.S. intelligence community.

The revenue and operating income of KOR and PDI included in the Company’s consolidated statements of operations for the year ended June 30, 2012 was $19,779 and $2,586, respectively.

Pro Forma Financial Information

The following tables summarize the supplemental statements of operations information on an unaudited pro forma basis as if the KOR acquisition had occurred on July 1, 2010:


	June 30,
	2012		2011
Pro forma net revenues	$	265,478	$	265,365
Pro forma net income	$	23,149	$	21,982
Basic pro forma net earnings per share	$	0.79	$	0.87
Diluted pro forma net earnings per share	$	0.77	$	0.84

The pro forma results presented above are for illustrative purposes only for the applicable periods and do not purport to be indicative of the actual results which would have occurred had the transaction been completed as of the beginning of the period, nor are they indicative of results of operations which may occur in the future.

On February 16, 2011, the Company completed a follow-on public stock offering of 5,578 shares of the Company’s common stock. As a result, an additional 5,578 and 2,129 weighted average shares outstanding were included in the calculation of basic and diluted net earnings per shares for the years ended June 30, 2012 and 2011 presented above, respectively.

LNX ACQUISITION

On January 12, 2011, the Company entered into a stock purchase agreement (the “Stock Purchase Agreement”) with LNX, the holders of the equity interests of LNX, and Lamberto Raffaelli, as the sellers’ representative (collectively, the “Sellers”). Pursuant to the Stock Purchase Agreement, the Company completed its purchase of all of the outstanding equity interests in LNX, and LNX became a wholly-owned subsidiary of the Company. Based in Salem, NH, LNX designs and builds next generation radio frequency receivers for signal intelligence, communication intelligence as well as electronic attack applications. LNX is included in the ACS business segment.

The Company acquired LNX for a purchase price of $31,000 paid in cash, plus an earn-out of up to $5,000 payable in cash, based upon achievement of financial targets during calendar years 2011 and 2012. The purchase price was subject to post-closing adjustment based on a determination of LNX’s closing net working capital. The Company funded the purchase price with cash on hand. The Company acquired LNX free of bank debt. Immediately prior to the consummation of the acquisition, LNX divested its non-defense global procurement business. The Company determined the fair value of the earn-out contingent consideration as part of the LNX acquisition based on the probability of LNX attaining the specified financial targets and assigned a fair value of $4,828 to the liability. In accordance with the Stock Purchase Agreement, $6,200 of the purchase price was placed into escrow to support the post-closing working capital adjustment and the sellers’ indemnification obligations, of which $1,523 was released to the Sellers and $27 was released to the Company in March 2011, upon the final calculation of net working capital. The remaining escrow is available for indemnification claims through August 31, 2012.

As of June 30, 2012, the Company determined that it is probable that the earn-out related to the LNX acquisition would not be achieved. During the fourth quarter of fiscal 2012, the Company did not receive a purchase order for long lead-time materials. Therefore, the Company no longer expected to meet the specified revenue targets for the LNX earn-out due to the long-lead time necessary to generate these revenues and has determined it does not expect to pay the earn-out. As a result, the Company adjusted the fair value of the earn-out contingent consideration and recorded $4,938 as a change in fair value of the liability in June 2012. The adjustment is separately classified in the consolidated statements of operations as an offset to operating expenses.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Goodwill

12 Months Ended

Jun. 30, 2012

Goodwill

D. Goodwill

The following table sets forth the changes in the carrying amount of goodwill for the years ended June 30, 2012 and 2011:


	ACS		MFS		Total
Balance at June 30, 2010,	$	57,653	$	—	$	57,653
Goodwill arising from the LNX acquisition		21,905		—		21,905

Balance at June 30, 2011		79,558		—		79,558
Goodwill arising from the KOR acquisition		33,913		19,150		53,063

Balance at June 30, 2012	$	113,471	$	19,150	$	132,621

In fiscal 2012, there were no triggering events, as defined by FASB ASC 350, which required an interim goodwill impairment test. The Company performs its annual goodwill impairment test in the fourth quarter of each fiscal year.

The Company determines its reporting units in accordance with FASB ASC 350, by assessing whether discrete financial information is available and if management regularly reviews the operating results of that component. Following this assessment, the Company determined that its reporting units are the same as its operating segments, ACS and MFS. As of June 30, 2012, both ACS and MFS had goodwill balances, as such; the annual impairment analysis was performed for each reporting unit in the fourth quarter of fiscal year 2012.

The Company tests goodwill for impairment by evaluating the fair value of the reporting unit as compared to the book value. If the book value of the reporting unit exceeds its fair value, the implied fair value of goodwill is compared with the carrying amount of goodwill. If the carrying amount of goodwill exceeds the implied fair value, an impairment loss is recorded in an amount equal to that excess.

For fiscal 2011, this evaluation was performed in the Company’s fourth quarter. The evaluation was performed consistent with prior years and relied on a discounted cash flow analysis, which was corroborated by two market-based analyses: one evaluated guideline companies and another that reviewed comparable transactions. For each analysis performed, the fair value of the reporting unit was deemed to be in excess of the book value. As such, no impairment charge was recorded.

For the year ended June 30, 2012, the Company elected to adopt ASU 2011-08. Under ASU 2011-08, the Company has the option to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount to determine whether further impairment testing is necessary. Based on the results of the qualitative review of goodwill performed as of June 30, 2012, the Company did not identify any indicators of impairment. As such, no impairment charge was recorded for fiscal 2012.

In fiscal 2012, 2011 and 2010, goodwill was determined to be appropriately valued and no impairment charge was recorded.

Acquired Intangible Assets

12 Months Ended

Jun. 30, 2012

Acquired Intangible Assets

E. Acquired Intangible Assets

Acquired intangible assets consisted of the following:


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
JUNE 30, 2012
Customer relationships	$	26,770	$	(9,217	)	$	17,553		6.9 years
Licensing agreements and patents		4,095		(2,365	)		1,730		5.4 years
Completed technologies		5,570		(1,007	)		4,563		5.3 years
Trademarks		990		(95	)		895		6.0 years
Backlog		800		(588	)		212		2.0 years
Non-compete agreements		500		(370	)		130		5.0 years

	$	38,725	$	(13,642	)	$	25,083

JUNE 30, 2011
Customer relationships	$	18,300	$	(7,530	)	$	10,770		6.7 years
Licensing agreements and patents		4,045		(1,622	)		2,423		5.5 years
Completed technologies		2,900		(227	)		2,673		6.0 years
Backlog		800		(188	)		612		2.0 years
Non-compete agreements		500		(276	)		224		5.0 years

	$	26,545	$	(9,843	)	$	16,702

Estimated future amortization expense for acquired intangible assets remaining at June 30, 2012 is as follows:


	Year Ending June 30,
2013	$	4,826
2014		4,811
2015		4,669
2016		4,185
2017		2,703
Thereafter		3,889

Total future amortization expense	$	25,083

The following table summarizes the preliminary estimated fair value of acquired intangible assets arising as a result of the KOR acquisition. These assets are included in the Company’s gross and net carrying amounts as of June 30, 2012.


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
Customer relationships	$	8,470	$	(592	)	$	7,878		7.2 years
Completed technologies		2,670		(297	)		2,373		4.5 years
Trademark		990		(95	)		895		6.0 years

Total	$	12,130	$	(984	)	$	11,146		6.5 years

Fair Value of Financial Instruments

12 Months Ended

Jun. 30, 2012

Fair Value of Financial Instruments

F. Fair Value of Financial Instruments

The Company measures at fair value certain financial assets and liabilities, including cash equivalents, restricted cash, ARS and contingent consideration. FASB ASC 820, Fair Value Measurement and Disclosures, specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs have created the following fair-value hierarchy:

Level 1—Quoted prices for identical instruments in active markets;

Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and

Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at June 30, 2012:


	Fair Value Measurements
	June 30, 2012		Level 1		Level 2		Level 3
Assets:
U.S. Treasury bills and money market funds	$	97,049	$	97,049	$	—	$	—
Restricted cash		3,281		3,281		—		—

Total	$	100,330	$	100,330	$	—	$	—

The carrying values of cash and cash equivalents, including U.S. Treasury bills and money market funds, accounts receivable and payable, and accrued liabilities approximate fair value due to the short-term maturities of these assets and liabilities.

The Company determines the fair value of the contingent consideration related to the LNX acquisition based on the probability of LNX attaining specific financial targets using an appropriate discount rate to present value the liability. As of June 30, 2012, the Company determined that it is probable that the earn-out related to the LNX acquisition would not be achieved (see Note C). As a result, the Company adjusted the fair value of the LNX earn-out contingent consideration and recorded $4,938 as a change in fair value in June 2012. The adjustment is separately classified on the statement of operations and is reflected as an offset to operating expenses. The following table provides a rollforward of the fair value of the contingent consideration, whose fair values were determined by Level 3 inputs:


	Fair Value
Balance at June 30, 2010	$	—
Contingent consideration from the LNX acquisition		4,828
Recognition of accretion expense in operating expenses		26

Balance at June 30, 2011	$	4,854
Recognition of accretion expense in operating expenses		84
Change in the fair value of the liability related to the LNX earn-out		(4,938	)

Balance at June 30, 2012	$	—

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis at June 30, 2011:


	Fair Value Measurements
	June 30, 2011		Level 1		Level 2		Level 3
Assets:
U.S. Treasury bills and money market funds	$	153,038	$	153,038	$	—	$	—
Restricted cash		3,000		3,000		—		—

Total	$	156,038	$	156,038	$	—	$	—

Liabilities:
Contingent consideration	$	4,854	$	—	$	—	$	4,854

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

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-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Inventory

12 Months Ended

Jun. 30, 2012

Inventory

G. Inventory

Inventory was comprised of the following:


	June 30,
	2012		2011
Raw materials	$	11,246	$	7,314
Work in process		8,979		7,554
Finished goods		5,620		3,672

Total	$	25,845	$	18,540

There are no amounts in inventory relating to contracts having production cycles longer than one year. During fiscal 2012, the Company has purchased inventories which were nearing the end of their production life and hence executed last time buy purchases with its vendors to be able to support certain products and the related customers into the foreseeable future.

Restricted Cash

12 Months Ended

Jun. 30, 2012

Restricted Cash

H. Restricted Cash

The Company had restricted cash balance of $3,281 and $3,000 as of June 30, 2012 and 2011, respectively. The balance consisted of the following: (1) the Company has deposited $3,000 with its bank as collateral for the landlord pursuant to the sale-lease back transaction entered in April 2007 for the Company’s headquarters in Chelmsford, Massachusetts (see Note I). The balance is classified as restricted cash on the accompanying consolidated balance sheet at June 30, 2012 and 2011, and is reflected in non-current assets: (2) the terms of one of the Company’s contracts with a foreign customer requires a certificate of deposit to be held at a commercial bank until performance on the contract has been completed. This certificate of deposit represents restricted cash of approximately $281. The balance is classified as restricted cash on the accompanying consolidated balance sheet at June 30, 2012 and is reflected in non-current assets.

Property and Equipment

12 Months Ended

Jun. 30, 2012

Property and Equipment

I. Property and Equipment

Property and equipment consisted of the following:


	Estimated Useful Lives (Years)	June 30,
	Estimated Useful Lives (Years)	2012			2011
Computer equipment and software	2-4	$	51,372		$	47,675
Furniture and fixtures	5		7,110			6,967
Building and leasehold improvements	lesser of estimated useful life or lease term		2,313			1,837
Machinery and equipment	5		7,838			5,213
Vehicles	5		88			119

			68,721			61,811
Less: accumulated depreciation and amortization			(52,792	)		(47,291	)

		$	15,929		$	14,520

In fiscal 2012 and 2011, the Company retired $2,058 and $10,143, respectively, of fully depreciated computer equipment and software assets that were no longer in use by the Company. The retirement was part of an on-going effort by the Company to review and identify all assets that are still in use by the Company, and to retire those that are not.

Depreciation and amortization expense related to property and equipment for the fiscal years ended June 30, 2012, 2011 and 2010 was $7,859, $6,364 and $5,147, respectively.

On April 20, 2007, the Company entered into a sales agreement and a lease agreement in connection with a sale-leaseback of the Company’s headquarters in Chelmsford, Massachusetts. Pursuant to the agreements, the Company sold all land, land improvements, buildings and building improvements related to the facilities and leased back those assets. The term of the lease is ten years and includes two five year options to renew. Under the provisions of sale-leaseback accounting, the transaction was considered a normal leaseback; thus the realized gain of $11,569 was deferred and will be amortized to other income on a straight-line basis over the initial lease term.

The unamortized deferred gain consisted of the following of which the current portion is included in accrued expenses and the non-current portion is separately classified in the accompanying consolidated balance sheets:


	June 30,
	2012		2011
Current portion	$	1,157	$	1,157
Non-current portion		4,399		5,556

Total unamortized deferred gain	$	5,556	$	6,713

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Product Warranty Accrual

12 Months Ended

Jun. 30, 2012

Product Warranty Accrual

J. Product Warranty Accrual

All of the Company’s product sales generally include a 12 month standard hardware warranty. At the time of product shipment, the Company accrues the estimated cost to repair or replace potentially defective products. Estimated warranty costs are based upon prior actual warranty costs for substantially similar transactions and other specifically identified warranty matters. Product warranty accrual is included as part of accrued expenses in the accompanying consolidated balance sheets. The following table presents the changes in the Company’s product warranty accrual.


	Fiscal 2012			Fiscal 2011			Fiscal 2010
Beginning balance at July 1,	$	894		$	1,186		$	1,750
Accruals for warranties issued during the period		2,445			970			997
Settlements made during the period		(1,979	)		(1,262	)		(1,561	)

Ending balance at June 30,	$	1,360		$	894		$	1,186

Debt

12 Months Ended

Jun. 30, 2012

Debt

K. Debt

SENIOR SECURED CREDIT FACILITY

Original Loan Agreement

On February 12, 2010, the Company entered into a loan and security agreement (the “Loan Agreement”) with Silicon Valley Bank (the “Lender”). The Loan Agreement provided for a $15,000 revolving line of credit (the “Revolver”) and a $20,000 acquisition line (the “Term Loan”). The Revolver was available for borrowing during a two-year period, with interest payable monthly and the principal due at the February 11, 2012 maturity of the Revolver. The Term Loan was available for up to three separate borrowings, with total borrowings not to exceed $20,000, until February 11, 2012. The Term Loan had monthly interest and principal payments through the February 11, 2014 maturity of the Term Loan.

The interest rates include various rate options that are available to the Company. The rates are calculated using a combination of conventional base rate measures plus a margin over those rates. The base rates consist of LIBOR rates and prime rates. The actual rates will depend on the level of these underlying rates plus a margin based on the Company’s leverage at the time of borrowing.

Borrowings are secured by a first-priority security interest in all of the Company’s domestic assets, including intellectual property, but limited to 65% of the voting stock of foreign subsidiaries. The Company’s MFS subsidiary is a guarantor and has granted a security interest in its assets in favor of the Lender. Following the acquisition of LNX Corporation, LNX also became a guarantor. The Lender may require Mercury Computer Systems Limited, the Company’s United Kingdom subsidiary, or Nihon Mercury Computer Systems, K.K., the Company’s Japanese subsidiary, to provide guarantees in the future if the cash or assets of such subsidiary exceed specified levels.

The Loan Agreement provided for conventional affirmative and negative covenants, including a minimum quick ratio of 1.5 to 1.0. If the Company had less than $10,000 of cash equivalents in accounts with the Lender in excess of the Company’s borrowings, the Company must also satisfy a $15,000 minimum trailing-four-quarter cash-flow covenant. The minimum cash flow covenant is calculated as the Company’s trailing-four quarter adjusted EBITDA as defined in the Loan Agreement. In addition, the Loan Agreement contains certain customary representations and warranties and limits the Company’s and its subsidiaries’ ability to incur liens, dispose of assets, carry out certain mergers and acquisitions, make investments and capital expenditures and defines events of default and limitations on the Company and its subsidiaries to incur additional debt.

Amended Loan Agreement

On March 30, 2011, the Company entered into an amendment to the Loan Agreement (as amended, the “Amended Loan Agreement”) with the Lender. The amendment extended the term of the Revolver for an additional two years, to February 11, 2014, terminated the $20,000 Term Loan under the original Loan Agreement, increased the original $15,000 Revolver to $35,000. The amendment also included modifications to the financial covenants as summarized below.

The Amended Loan Agreement provides for conventional affirmative and negative covenants, including a minimum quick ratio of 1.0 to 1.0 and a $15,000 minimum trailing four quarter cash flow covenant through and including June 30, 2012 (with $17,500 of minimum cash flow required thereafter).

There are no other changes to the Loan Agreement other than the modification described above.

Following the acquisition of KOR Electronics, both KOR and PDI became guarantors.

The Company has had no borrowings under the credit facility since inception and was in compliance with all covenants in the Amended Loan Agreement as of June 30, 2012.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Commitments and Contingencies

12 Months Ended

Jun. 30, 2012

Commitments and Contingencies

L. Commitments and Contingencies

LEGAL CLAIMS

The U.S. Department of Justice (“DOJ”) is conducting an investigation into the conduct of certain former employees of PDI in the 2008-2009 time frame and has asserted that such conduct may have constituted a violation of the Procurement Integrity Act and that civil penalties would apply to any such violations. PDI and its former parent company, KOR, have been cooperating in the investigation. While the parties have engaged in discussions and correspondence regarding this matter, no resolution has been reached and no litigation has commenced. The Company is entitled to indemnity with respect to this matter pursuant to the terms of the Merger Agreement, and based on this indemnity and the associated escrow arrangement, the matter is not expected to have a material impact on the Company’s cash flows, results of operations, or financial condition.

In addition to the foregoing, the Company is subject to litigation, claims, investigations and audits arising from time to time in the ordinary course of its business. Although legal proceedings are inherently unpredictable, the Company believes that it has valid defenses with respect to those matters currently pending against it and intends to defend itself vigorously. The outcome of these matters, individually and in the aggregate, is not expected to have a material impact on the Company’s cash flows, results of operations, or financial position.

INDEMNIFICATION OBLIGATIONS

The Company’s standard product sales and license agreements entered into in the ordinary course of business typically contain an indemnification provision pursuant to which the Company indemnifies, holds harmless, and agrees to reimburse the indemnified party for losses suffered or incurred by the indemnified party in connection with any patent, copyright or other intellectual property infringement claim by any third party with respect to the Company’s products. Such provisions generally survive termination or expiration of the agreements. The potential amount of future payments the Company could be required to make under these indemnification provisions is, in some instances, unlimited.

PURCHASE COMMITMENTS

As of June 30, 2012, the Company has entered into non-cancelable purchase commitments for certain inventory components and services used in its normal operations. The purchase commitments covered by these agreements are for less than one year and aggregate to $14,002.

LEASE COMMITMENTS

The Company leases certain facilities, machinery and equipment under various cancelable and non-cancelable operating leases that expire at various dates through fiscal 2017. The leases contain various renewal options. Rental charges are subject to escalation for increases in certain operating costs of the lessor. For tenant improvement allowances and rent holidays, the Company records a deferred rent liability on the consolidated balance sheets and amortizes the deferred rent over the terms of the leases as reductions to rent expense on the consolidated statements of operations. Rental expense during the fiscal years ended June 30, 2012, 2011 and 2010 was $3,803, $3,369 and $3,613, respectively. Minimum lease payments under the Company’s non-cancelable operating leases are as follows:


	Year Ending June 30,
2013		3,905
2014		3,461
2015		2,777
2016		2,662
2017		2,231

Total minimum lease payments	$	15,036

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
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-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Shareholders' Equity

12 Months Ended

Jun. 30, 2012

Shareholders' Equity

M. Shareholders’ Equity

FOLLOW-ON PUBLIC STOCK OFFERING

On February 16, 2011, the Company completed a follow-on public stock offering of 5,578 shares of common stock, which were sold at a price to the public of $17.75. The follow-on public stock offering resulted in $93,605 of net proceeds to the Company. The underwriting discount of $4,950 and other expenses of $446 related to the follow-on public stock offering were recorded as an offset to additional paid-in-capital.

PREFERRED STOCK

The Company is authorized to issue 1,000 shares of preferred stock with a par value of $0.01 per share.

SHAREHOLDER RIGHTS PLAN

The Company has adopted a Shareholder Rights Plan, the purpose of which is, among other things, to enhance the Board’s ability to protect the shareholder interests and to ensure that shareholders receive fair treatment in the event any coercive takeover attempt of the Company is made in the future. The following summary description of the Shareholder Rights Plan does not purport to be complete and is qualified in its entirety by reference to the Company’s Shareholder Rights Plan, which has been previously filed with the Securities and Exchange Commission as an exhibit to a Registration Statement on Form 8-A.

In connection with the adoption of the Shareholder Rights Plan, the Board of Directors of the Company declared a dividend distribution of one preferred stock purchase right (a “Right”) for each outstanding share of common stock to shareholders of record as of the close of business on December 23, 2005. The Rights currently are not exercisable and are attached to and trade with the outstanding shares of common stock. Under the Shareholder Rights Plan, the Rights become exercisable if a person becomes an “acquiring person” by acquiring 15% or more of the outstanding shares of common stock or if a person commences a tender offer that would result in that person owning 15% or more of the common stock. If a person becomes an “acquiring person,” each holder of a Right (other than the acquiring person) would be entitled to purchase, at the then-current exercise price, such number of shares of the Company’s preferred stock which are equivalent to shares of common stock having a value of twice the exercise price of the Right. If the Company is acquired in a merger or other business combination transaction after any such event, each holder of a Right would then be entitled to purchase, at the then-current exercise price, shares of the acquiring company’s common stock having a value of twice the exercise price of the Right.

STOCK NET SETTLEMENT PROGRAM

The Company may net settle shares in connection with the surrender of shares to cover the minimum taxes on vesting of restricted stock. During fiscal 2010, 42 shares were net settled in such transactions for a total cost of $433. Effective May 1, 2010, the Company discontinued the net share settlement practice for settling restricted stock awards.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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-Paragraph 29, 30, 31
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Stock-Based Compensation

12 Months Ended

Jun. 30, 2012

Stock-Based Compensation

N. Stock-Based Compensation

STOCK OPTION PLANS

The number of shares authorized for issuance under the Company’s 2005 Stock Incentive Plan , as amended and restated (the “2005 Plan”), is 6,092 shares, including a 1,000 share increase approved by the Company’s shareholders on October 21, 2011. The 2005 Plan will be increased by any future cancellations, forfeitures or terminations (other than by exercise) under the Company’s 1997 Stock Option Plan (the “1997 Plan”). The 2005 Plan provides for the grant of non-qualified and incentive stock options, restricted stock, stock appreciation rights and deferred stock awards to employees and non-employees. All stock options are granted with an exercise price of not less than 100% of the fair value of the Company’s common stock at the date of grant and the options generally have a term of seven years. There were 2,675 shares available for future grant under the 2005 Plan at June 30, 2012.

The number of shares authorized for issuance under the 1997 Plan was 8,650 shares, of which 100 shares could be issued pursuant to restricted stock grants. The 1997 Plan provided for the grant of non-qualified and incentive stock options and restricted stock to employees and non-employees. All stock options were granted with an exercise price of not less than 100% of the fair value of the Company’s common stock at the date of grant. The options typically vest over periods of zero to four years and have a maximum term of 10 years. Following shareholder approval of the 2005 Plan on November 14, 2005, the Company’s Board of Directors determined that no further grants of stock options or other awards would be made under the 1997 Plan, and the 1997 Plan subsequently expired in June 2007. The foregoing does not affect any outstanding awards under the 1997 Plan, which remain in full force and effect in accordance with their terms.

EMPLOYEE STOCK PURCHASE PLAN

The number of shares authorized for issuance under the Company’s 1997 Employee Stock Purchase Plan, as amended and restated (“ESPP”), is 1,400 shares, including a 300 share increase approved by the Company’s shareholders on October 21, 2011. Under the ESPP, rights are granted to purchase shares of common stock at 85% of the lesser of the market value of such shares at either the beginning or the end of each six-month offering period. The ESPP permits employees to purchase common stock through payroll deductions, which may not exceed 10% of an employee’s compensation as defined in the ESPP. The number of shares issued under the ESPP during fiscal years 2012, 2011 and 2010 was 104, 89 and 94, respectively. Shares available for future purchase under the ESPP totaled 360 at June 30, 2012.

STOCK OPTION AND AWARD ACTIVITY

The following table summarizes activity of the Company’s stock option plans since June 30, 2010:


	Options Outstanding
	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value as of 6/30/2012
Outstanding at June 30, 2010		2,612		$	13.70		4.69
Granted		77			13.70
Exercised		(315	)		8.25
Cancelled		(81	)		16.41

Outstanding at June 30, 2011		2,293		$	14.35		3.88
Granted		—			—
Exercised		(72	)		6.48
Cancelled		(36	)		23.70

Outstanding at June 30, 2012		2,185		$	14.46		2.89	$	3,489

Vested and expected to vest at June 30, 2012		2,184		$	14.46		2.88	$	3,486
Exercisable at June 30, 2012		2,102		$	14.66		2.85	$	3,173

The intrinsic value of the options exercised during fiscal year 2012, 2011 and 2010 was $534, $2,979 and $532, respectively. Non-vested stock options are subject to the risk of forfeiture until the fulfillment of specified conditions. As of June 30, 2012, there was $110 of total unrecognized compensation cost related to non-vested options granted under the Company’s stock plans that is expected to be recognized over a weighted-average period of 0.3 years from June 30, 2012. As of June 30, 2011, there was $1,218 of total unrecognized compensation cost related to non-vested options granted under the Company’s stock plans that was expected to be recognized over a weighted-average period of 0.9 years from June 30, 2011.

The following table summarizes the status of the Company’s non-vested restricted stock awards since June 30, 2010:


	Non-vested Restricted Stock Awards
	Number of Shares			Weighted Average Grant Date Fair Value
Outstanding at June 30, 2010		828		$	9.44
Granted		738			12.47
Vested		(279	)		9.42
Forfeited		(100	)		10.57

Outstanding at June 30, 2011		1,187		$	11.23
Granted		585			14.30
Vested		(409	)		10.62
Forfeited		(88	)		13.14

Outstanding at June 30, 2012		1,275		$	12.71

An aggregate of 79 shares of restricted stock that were granted to employees of LNX Corporation joining the Company in connection with the acquisition of LNX in January 2011 are included in the granted figure in the table above.

An aggregate of 144 shares of restricted stock that were granted to employees of KOR and PDI joining the Company in connection with the acquisition of KOR in December 2011 are included in the granted figure in the table above.

The total fair value of restricted stock awards vested during fiscal year 2012, 2011 and 2010 was $5,848, $4,175 and $3,485, respectively.

Non-vested restricted stock awards are subject to the risk of forfeiture until the fulfillment of specified conditions. As of June 30, 2012, there was $10,515 of total unrecognized compensation cost related to non-vested restricted stock awards granted under the Company’s stock plans that is expected to be recognized over a weighted-average period of 2.4 years from June 30, 2012. As of June 30, 2011, there was $10,400 of total unrecognized compensation cost related to non-vested restricted stock awards granted under the Company’s stock plans that is expected to be recognized over a weighted-average period of 2.6 years from June 30, 2011.

STOCK-BASED COMPENSATION EXPENSE AND ASSUMPTIONS

The Company recognized the full expense of its share-based payment plans in the consolidated statements of operations for the fiscal years 2012, 2011 and 2010 in accordance with FASB ASC 718 and did not capitalize any such costs on the consolidated balance sheets, as such costs that qualified for capitalization were not material. Under the fair value recognition provisions of FASB ASC 718, stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the service period. The following table presents share-based compensation expenses from continuing operations included in the Company’s consolidated statement of operations:


	Year Ended June 30,
	2012			2011			2010
Cost of revenues	$	349		$	263		$	251
Selling, general and administrative		5,309			4,609			3,145
Research and development		958			708			620

Share-based compensation expense before tax		6,616			5,580			4,016
Income taxes		(2,357	)		(1,966	)		(1,499	)

Share-based compensation expense, net of income taxes	$	4,259		$	3,614		$	2,517

There were no options granted during fiscal year 2012. The following table sets forth the weighted-average key assumptions and fair value results for stock options granted during fiscal years 2011 and 2010:


	Years Ended June 30,
	2012		2011		2010
Weighted-average fair value of options granted	$	—	$	7.25	$	7.17
Option life(1)		—		5.0 years		5.0 years
Risk-free interest rate(2)		—		1.27%		2.38%
Stock volatility(3)		—		63%		87%
Dividend rate		—		0%		0%

(1)	The option life was determined based upon historical option activity.

(2)	The risk-free interest rate for each grant is equal to the U.S. Treasury yield curve in effect at the time of grant for instruments with a similar expected life.

(3)

The stock volatility for each grant is measured using the weighted average of historical daily price changes of the Company’s common stock over the most recent period equal to the expected option life of the grant, the historical short-term trend of the option and other factors, such as expected changes in volatility arising from planned changes in the Company’s business operations.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Operating Segment, Significant Customers and Geographic Information

12 Months Ended

Jun. 30, 2012

Operating Segment, Significant Customers and Geographic Information

O. Operating Segment, Significant Customers and Geographic Information

Operating segments are defined as components of an enterprise evaluated regularly by the Company’s senior management in deciding how to allocate resources and assess performance. The Company is presently organized in two operating segments. These reportable segments were determined based upon the nature of the products offered to customers, the market characteristics of each operating segment and the Company’s management structure:

•

Advanced Computing Solutions: this operating segment is focused on specialized, high-performance embedded, real-time digital signal and image processing solutions that encompass signal acquisition, including microwave front-end, digitalization, digital signal processing, exploitation processing, high capacity digital storage and communications, targeted to key market segments, including defense, communications and other commercial applications. With the addition of KOR, the ACS segment also designs and develops DRFM units for a variety of modern EW applications, as well as radar environment simulation and test systems for defense applications.

•

Mercury Federal Systems: this operating segment is focused on services and support work with the Department of Defense and federal intelligence and homeland security agencies, including designing, engineering, and deploying new ISR capabilities to address present and emerging threats to U.S. forces. With the addition of PDI, the MFS segment also provides sophisticated analysis and exploitation, multi-sensor data fusion and enrichment, and data processing services for the U.S. intelligence community.

The accounting policies of the reportable segments are the same as those described in “Note B: Summary of Significant Accounting Policies.” Beginning with the three months ended March 31, 2012, the profitability measure employed by the Company and its chief operating decision maker (“CODM”) as the basis for allocating resources to segments and assessing segment performance is adjusted EBITDA, The Company believes the adjusted EBITDA financial measure assists in providing an enhanced understanding of its underlying operational measures to manage its business, to evaluate its performance compared to prior periods and the marketplace, and to establish operational goals. The Company believes that adjusted EBITDA provides a more comprehensive basis for decision making and assessing segment performance than income (loss) from operations prior to stock compensation expense which was used in prior reporting periods.

Adjusted EBITDA is defined as earnings from continuing operations before interest income and expense, income taxes, depreciation, amortization of acquired intangible assets, restructuring, impairment of long-lived assets, acquisition costs and other related expenses, fair value adjustments from purchase accounting and stock-based compensation costs. Prior year’s amounts have been presented to reflect the current profitability measures for comparative purposes. Additionally, asset information by reportable segment is not reported because the Company and its CODM utilize consolidated asset information when making business decisions. The following is a summary of the performance of the Company’s operations by reportable segment:


	ACS		MFS			Eliminations			Total
YEAR ENDED JUNE 30, 2012
Net revenues to unaffiliated customers	$	215,899	$	28,670		$	360		$	244,929
Intersegment revenues		12,208		3			(12,211	)		—

Net revenues	$	228,107	$	28,673		$	(11,851	)	$	244,929

Adjusted EBITDA	$	43,802	$	4,913		$	159		$	48,874
YEAR ENDED JUNE 30, 2011
Net revenues to unaffiliated customers	$	217,423	$	11,415		$	(128	)	$	228,710
Intersegment revenues		6,260		52			(6,312	)		—

Net revenues	$	223,683	$	11,467		$	(6,440	)	$	228,710

Adjusted EBITDA	$	42,304	$	(914	)	$	(507	)	$	40,883
YEAR ENDED JUNE 30, 2010
Net revenues to unaffiliated customers	$	188,967	$	10,735		$	128		$	199,830
Intersegment revenues		4,779		336			(5,115	)		—

Net revenues	$	193,746	$	11,071		$	(4,987	)	$	199,830

Adjusted EBITDA	$	30,454	$	(641	)	$	43		$	29,856

The following table reconciles the Company’s net income, the most directly comparable GAAP financial measure, to its adjusted EBITDA:


	Year Ended June 30,
(In thousands)	2012			2011			2010
Net income	$	22,619		$	18,442		$	28,358
(Loss) income from discontinued operations, net of income taxes		—			(65	)		289

Income from continuing operations		22,619			18,507			28,069
Interest expense (income), net		27			45			(151	)
Income tax expense (benefit)		9,152			8,060			(9,377	)
Depreciation		7,859			6,364			5,147
Amortization of acquired intangible assets		3,799			1,984			1,710
Restructuring		2,821			—			231
Impairment of long-lived assets		—			150			211
Acquisition costs and other related expenses		1,219			412			—
Fair value adjustments from purchase accounting		(5,238	)		(219	)		—
Stock-based compensation cost		6,616			5,580			4,016

Adjusted EBITDA	$	48,874		$	40,883		$	29,856

The geographic distribution of the Company’s revenues and long-lived assets from continuing operations is summarized as follows:


	US		Europe		Asia Pacific		Eliminations			Total
YEAR ENDED JUNE 30, 2012
Net revenues to unaffiliated customers	$	235,292	$	4,983	$	4,654	$	—		$	244,929
Inter-geographic revenues		5,511		747		175		(6,433	)		—

Net revenues	$	240,803	$	5,730	$	4,829	$	(6,433	)	$	244,929

Identifiable long-lived assets	$	15,895	$	32	$	2	$	—		$	15,929
YEAR ENDED JUNE 30, 2011
Net revenues to unaffiliated customers	$	219,435	$	3,665	$	5,610	$	—		$	228,710
Inter-geographic revenues		5,637		2,277		243		(8,157	)		—

Net revenues	$	225,072	$	5,942	$	5,853	$	(8,157	)	$	228,710

Identifiable long-lived assets	$	15,390	$	24	$	704	$	—		$	16,118
YEAR ENDED JUNE 30, 2010
Net revenues to unaffiliated customers	$	180,103	$	9,960	$	9,767	$	—		$	199,830
Inter-geographic revenues		13,916		789		198		(14,903	)		—

Net revenues	$	194,019	$	10,749	$	9,965	$	(14,903	)	$	199,830

Identifiable long-lived assets	$	13,384	$	21	$	716	$	—		$	14,121

Foreign revenue is based on the country in which the Company’s legal subsidiary is domiciled. Identifiable long-lived assets exclude goodwill and intangible assets.

Customers comprising 10% or more of the Company’s revenues for the fiscal years shown below are as follows:


	Year Ended June 30,
	2012			2011			2010
Raytheon Company (ACS)		22	%		17	%		20	%
Northrop Grumman Corporation (ACS)		17			21	%		*
Lockheed Martin Corporation (ACS)		15			13			17

		54	%		51	%		37	%

Although the Company typically has several customers from which it derives 10% or more of its revenue, the sales to each of these customers are spread across multiple programs and platforms. For the fiscal years ended June 30, 2012 and 2010, the AEGIS Program individually comprised 11% and 15% of the Company’s revenues, respectively. For the fiscal year ended June 30, 2011, no single program comprised 10% or more of the Company’s revenues.

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Income Taxes

12 Months Ended

Jun. 30, 2012

Income Taxes

P. Income Taxes

The components of income before income taxes and income tax expense (benefit) were as follows:


	Year Ended June 30,
	2012			2011		2010
Income from continuing operations before income taxes:
United States	$	31,277		$	26,072	$	18,714
Foreign		494			495		(22	)

	$	31,771		$	26,567	$	18,692

Income tax expense (benefit) from continuing operations:
Federal:
Current	$	10,591		$	4,974	$	(356	)
Deferred		(2,582	)		1,992		(8,286	)

	$	8,009		$	6,966	$	(8,642	)
State:
Current	$	1,401		$	855	$	98
Deferred		(335	)		48		(711	)

	$	1,066		$	903	$	(613	)
Foreign:
Current	$	77		$	161	$	(122	)
Deferred		—			30		—

	$	77		$	191	$	(122	)

	$	9,152		$	8,060	$	(9,377	)

The following is the reconciliation between the statutory federal income tax rate and the Company’s effective income tax rate from continuing operations:


	Year Ended June 30,
	2012			2011			2010
Income taxes at federal statutory rates		35.0	%		35.0	%		35.0	%
State income tax, net of federal tax benefit		2.6			2.2			0.5
Research and development credits		(4.2	)		(6.9	)		(5.9	)
Domestic manufacturing deduction		(3.0	)		(2.6	)		—
Deemed repatriation of foreign earnings		—			—			(1.4	)
Equity compensation		1.0			1.6			1.8
IRS audit adjustments		—			—			(1.5	)
Goodwill impairment		—			—			0.4
Change in the fair value of the liability related to the LNX earn-out		(5.4	)		—			—
Acquisition costs		1.3			0.6			—
Valuation allowance		2.2			1.7			(79.8	)
Other		(0.7	)		(1.3	)		0.7

		28.8	%		30.3	%		(50.2	)%

The components of the Company’s net deferred tax assets (liabilities) were as follows:


	June 30,
	2012			2011
Deferred tax assets:
Inventory valuation and receivable allowances	$	4,788		$	4,189
Accrued compensation		1,367			1,424
Equity compensation		6,036			5,565
Federal and state research and development tax credit carryforwards		8,569			8,716
Net operating loss		—			900
Gain on sale-leaseback		2,116			2,556
Other accruals		919			328
Repatriation of foreign earnings		—			76
Other temporary differences		1,333			594

		25,128			24,348
Valuation allowance		(8,682	)		(7,973	)

Total deferred tax assets		16,446			16,375
Deferred tax liabilities:
Deferred revenue		(3,488	)		(4,776	)
Property and equipment depreciation		(3,995	)		(2,452	)
Acquired intangible assets		(8,507	)		(5,346	)

Total deferred tax liabilities		(15,990	)		(12,574	)

Net deferred tax (liabilities) assets	$	456		$	3,801

At June 30, 2012, the Company evaluated the need for a valuation allowance on deferred tax assets. In assessing whether the deferred tax assets are realizable, management considered whether it is more likely than not that some portion 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 during the periods in which those temporary differences become deductible. The Company continues to conclude that it was “more likely than not”, that most domestic deferred tax assets would be realizable based on the financial performance in fiscal year 2012, projected future taxable income and the reversal of existing deferred tax liabilities.

The Company continues to record a full valuation allowance on Massachusetts research and development (“R&D”) and investment tax credits as of June 30, 2012 as management continues to believe that it is not more likely than not that these deferred tax assets would be realized.

The Company had state research and development credit carryforwards of $12,813, which will expire 2018 through 2027. The Company also had state investment tax credits carryforwards of $124 that will expire in 2015. As of June 30, 2012, the Company also had approximately $399 in foreign operating loss carryforwards.

Upon consideration of changing business conditions and cash position in its foreign subsidiaries, management has determined that it would no longer need to indefinitely reinvest the earnings of certain foreign subsidiaries. Therefore, the Company has accrued deferred taxes in association with the $1,200 in undistributed earnings and profits.

The Company files income tax returns in all jurisdictions in which it operates. The Company has established reserves to provide for additional income taxes that may be due in future years as these previously filed tax returns are audited. These reserves have been established based upon management’s assessment as to the potential exposures. All tax reserves are analyzed quarterly and adjustments are made as events occur and warrant modification.

The changes in the Company’s reserves for unrecognized income tax benefits are summarized as follows:


	Year Ended June 30,
	2012			2011
Unrecognized tax benefits, beginning of period	$	1,831		$	1,856
Increases for previously recognized positions		716			27
Settlements of previously recognized positions		—			(59	)
Decreases for previously recognized positions		(84	)		(229	)
Increases for currently recognized positions		179			236

Unrecognized tax benefits, end of period	$	2,642		$	1,831

The $2,642 of unrecognized tax benefits as of June 30, 2012, if released, would reduce income tax expense.

The Company’s major tax jurisdiction is the U.S. and the open tax years are 2009 through 2011.

The Company expects that there will not be any material changes in its reserves for unrecognized tax benefits within the next 12 months. Currently there are no significant tax audits underway.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

+ Details

Restructuring Plan

12 Months Ended

Jun. 30, 2012

Restructuring Plan

Q. Restructuring Plan

In fiscal 2012, the Company announced a restructuring plan (“2012 Plan”) affecting both the ACS and MFS business segments. The 2012 Plan primarily consisted of involuntary separation costs related to the reduction in force which eliminated 41 positions largely in engineering and manufacturing functions; and facility costs related to outsourcing of certain manufacturing activities at the Company’s Huntsville, Alabama site. The 2012 Plan for which expense of $2,821 was recorded in fiscal 2012 was implemented to cope with the near term uncertainties in the defense industry and improve the Company’s overall business scalability. Future restructuring expenses of approximately $737 associated with the 2012 Plan are expected in fiscal 2013 as the Company starts transitioning the manufacturing activities formerly conducted at the Huntsville, Alabama facility. This restructuring expense will affect the ACS business segment.

All of the restructuring charges are classified as operating expenses in the consolidated statements of operations and any remaining obligations are expected to be paid within the next twelve months. The remaining restructuring liability is classified as accrued expenses in the consolidated balance sheets.

The following table presents the detail of expenses by business segment for the Company’s restructuring plans:


	Severance			Facilities		Other			Total
ACS		2,406			—		306			2,712
MFS		109			—		—			109

Total provision		2,515			—		306			2,821
Cash paid		(2	)		—		(121	)		(123	)

Restructuring liability at June 30, 2012	$	2,513		$	—	$	185		$	2,698

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References + Details

Employee Benefit Plans

12 Months Ended

Jun. 30, 2012

Employee Benefit Plans

R. Employee Benefit Plans

The Company maintains a qualified 401(k) plan (the “401(k) Plan”) for its U.S. employees. The 401(k) Plan covers U.S. employees who have attained the age of 21. During fiscal 2012, 2011 and 2010, the Company matched employee contributions up to 3% of eligible compensation. The Company may also make optional contributions to the plan for any plan year at its discretion. Expense recognized by the Company for matching contributions related to the 401(k) plan was $2,196, $1,762 and $1,569 during the fiscal years ended June 30, 2012, 2011 and 2010, respectively.

Related Party Transactions

12 Months Ended

Jun. 30, 2012

Related Party Transactions

S. Related Party Transactions

In July 2008, the Company and our former CEO, James Bertelli, entered into an agreement for consulting services through June 30, 2010. The consideration for these services totaled $190 and was paid out over the service period. As of June 30, 2010, the Company had made all payments for consulting services under this agreement. Additionally, in July 2008, the Company entered into a five year non-compete agreement with Mr. Bertelli. This agreement, which is carried as an intangible asset on the Company’s balance sheet, was valued at $500 and is being amortized over the life of the agreement. As of December 31, 2010, the Company had made all payments under this non-compete agreement.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph b
-Article 3A

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Subsequent Events

12 Months Ended

Jun. 30, 2012

Subsequent Events

T. Subsequent Events

On June 8, 2012, the Company and Wildcat Merger Sub Inc., a newly formed, wholly-owned subsidiary of the Company (the “Merger Sub”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Micronetics, Inc. (“Micronetics”). On August 8, 2012, the transaction closed with the Merger Sub merging with and into Micronetics with Micronetics continuing as the surviving company and wholly-owned subsidiary of the Company.

Headquartered in Hudson, NH, Micronetics is a leading designer and manufacturer of microwave and radio frequency (RF) subsystems and components for defense and commercial customers.

Pursuant to the terms of the Merger Agreement, at the closing of the merger on August 8, 2012, each share of common stock of Micronetics issued and outstanding immediately prior to the closing was converted into the right to receive $14.80 in cash, without interest (the “Merger Consideration”). All outstanding options to acquire shares of Micronetics common stock that were vested as of the closing were cancelled and the holders of such options are entitled to receive an amount of cash equal to the product of the total number of shares previously subject to such vested options and the excess of the Merger Consideration over the exercise price per share. All outstanding Micronetics stock options that were unvested at the closing were assumed by Mercury. Mercury funded the acquisition with cash on hand.

The transaction will be accounted for using the acquisition method of accounting which requires, among other things, that the assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date. The acquisition related disclosures required by FASB ASC 805 cannot be made as the initial accounting for the business transaction is incomplete. Key financial data such as the determination of the fair value of the assets acquired and liabilities assumed is not yet available.

Supplementary Information (Unaudited)

12 Months Ended

Jun. 30, 2012

Supplementary Information (Unaudited)

SUPPLEMENTARY INFORMATION (UNAUDITED)

The following sets forth certain unaudited consolidated quarterly statements of operations data for each of the Company’s last eight quarters. In management’s opinion, this quarterly information reflects all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation for the periods presented. Such quarterly results are not necessarily indicative of future results of operations and should be read in conjunction with the audited consolidated financial statements of the Company and the notes thereto included elsewhere herein.


2012 (In thousands, except per share data)	1ST QUARTER		2ND QUARTER		3RD QUARTER		4TH QUARTER
Net revenues	$	49,122	$	67,959	$	66,989	$	60,859
Gross margin	$	29,916	$	40,913	$	35,063	$	30,264
Income from operations	$	3,565	$	13,485	$	7,106	$	5,956
Income from operations before income taxes	$	3,967	$	13,873	$	7,625	$	6,306
Income tax expense	$	1,314	$	4,828	$	2,380	$	630
Income from continuing operations	$	2,653	$	9,045	$	5,245	$	5,676
Net income	$	2,653	$	9,045	$	5,245	$	5,676

Net earnings per common share:
Basic net earnings per share:
Income from continuing operations	$	0.09	$	0.31	$	0.18	$	0.19
Net income	$	0.09	$	0.31	$	0.18	$	0.19
Diluted net earnings per share:
Income from continuing operations	$	0.09	$	0.30	$	0.17	$	0.19
Net income	$	0.09	$	0.30	$	0.17	$	0.19

2011 (In thousands, except per share data)	1ST QUARTER		2ND QUARTER		3RD QUARTER		4TH QUARTER
Net revenues	$	52,108	$	55,513	$	59,855	$	61,234
Gross margin	$	30,660	$	31,640	$	32,882	$	34,717
Income from operations	$	5,245	$	6,518	$	6,999	$	6,223
Income from operations before income taxes	$	5,759	$	6,879	$	7,385	$	6,544
Income tax expense (benefit)	$	2,077	$	1,696	$	2,007	$	2,280
Income from continuing operations	$	3,682	$	5,183	$	5,378	$	4,264
Net income	$	3,630	$	5,183	$	5,378	$	4,251

Net earnings per common share:
Basic net earnings per share:
Income from continuing operations	$	0.16	$	0.22	$	0.20	$	0.15
Net income	$	0.16	$	0.22	$	0.20	$	0.15
Diluted net earnings per share:
Income from continuing operations*	$	0.16	$	0.22	$	0.20	$	0.14
Net income*	$	0.15	$	0.22	$	0.20	$	0.14

*	Due to the effects of rounding, the sum of the four quarters does not equal the annual total.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jun. 30, 2012

Principles Of Consolidation

PRINCIPLES OF CONSOLIDATION

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated.

Business Combinations

BUSINESS COMBINATIONS

Use Of Estimates

USE OF ESTIMATES

Revenue Recognition

REVENUE RECOGNITION

Cash And Cash Equivalents

CASH AND CASH EQUIVALENTS

Concentration Of Credit Risk

CONCENTRATION OF CREDIT RISK

Inventory

INVENTORY

Goodwill And Acquired Intangible Assets

GOODWILL AND ACQUIRED INTANGIBLE ASSETS

Long-Lived Assets

LONG-LIVED ASSETS

Property And Equipment

PROPERTY AND EQUIPMENT

As assets are retired or sold, the related cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations.

Deferred Revenues And Customer Advances

DEFERRED REVENUES AND CUSTOMER ADVANCES

Income Taxes

INCOME TAXES

The Company recognizes interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense.

Product Warranty Accrual

PRODUCT WARRANTY ACCRUAL

Research And Development Costs

RESEARCH AND DEVELOPMENT COSTS

Research and development costs are expensed as incurred. Research and development costs are primarily made up of labor charges and prototype material and development expenses.

Stock-Based Compensation

STOCK-BASED COMPENSATION

Net Earnings Per Share

NET EARNINGS PER SHARE

Basic and diluted weighted average shares outstanding were as follows:


	Years Ended June 30,
	2012		2011		2010
Basic weighted-average shares outstanding		29,477		25,322		22,559
Effect of dilutive equity instruments		608		887		449

Diluted weighted-average shares outstanding		30,085		26,209		23,008

Comprehensive Income

COMPREHENSIVE INCOME

Comprehensive income consists of net income and other comprehensive income, which includes foreign currency translation adjustments and unrealized gains on investments.

The components of accumulated other comprehensive income were as follows:


	June 30,
	2012		2011
Accumulated foreign currency translation adjustments	$	1,306	$	1,253
Accumulated net unrealized gains on investments		—		2

Total accumulated other comprehensive income	$	1,306	$	1,255

Foreign Currency

FOREIGN CURRENCY

Recently Adopted Accounting Pronouncements

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

Recently Issued Accounting Pronouncements

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2012

Basic and Diluted Weighted Average Shares Outstanding

Basic and diluted weighted average shares outstanding were as follows:


	Years Ended June 30,
	2012		2011		2010
Basic weighted-average shares outstanding		29,477		25,322		22,559
Effect of dilutive equity instruments		608		887		449

Diluted weighted-average shares outstanding		30,085		26,209		23,008

Components of Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income were as follows:


	June 30,
	2012		2011
Accumulated foreign currency translation adjustments	$	1,306	$	1,253
Accumulated net unrealized gains on investments		—		2

Total accumulated other comprehensive income	$	1,306	$	1,255

Acquisitions (Tables)

12 Months Ended

Jun. 30, 2012

Supplemental Statements of Operations Information

The following tables summarize the supplemental statements of operations information on an unaudited pro forma basis as if the KOR acquisition had occurred on July 1, 2010:


	June 30,
	2012		2011
Pro forma net revenues	$	265,478	$	265,365
Pro forma net income	$	23,149	$	21,982
Basic pro forma net earnings per share	$	0.79	$	0.87
Diluted pro forma net earnings per share	$	0.77	$	0.84

KOR Electronics

Net Purchase Price and Preliminary Allocation for Acquisition

The following table presents the net purchase price and its preliminary allocation for the acquisition of KOR:


	Amounts
Consideration transferred
Cash paid at closing	$	71,019
Working capital adjustment		1,044
Less cash, cash equivalents and restricted cash acquired		(1,019	)

Net purchase price	$	71,044

Estimated fair value of tangible assets acquired and liabilities assumed
Cash, cash equivalents and restricted cash	$	1,019
Accounts receivable and cost in excess of billings		10,367
Other current and non-current assets		4,063
Current liabilities		(3,978	)
Deferred income taxes		(4,601	)

Estimated fair value of net tangible assets acquired		6,870
Estimated fair value of identifiable intangible assets		12,130
Estimated fair value of goodwill		53,063

Estimated fair value of assets acquired	$	72,063
Less cash, cash equivalents and restricted cash acquired		(1,019	)

Net purchase price	$	71,044

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Goodwill (Tables)

12 Months Ended

Jun. 30, 2012

Changes in Carrying Amount of Goodwill

The following table sets forth the changes in the carrying amount of goodwill for the years ended June 30, 2012 and 2011:


	ACS		MFS		Total
Balance at June 30, 2010,	$	57,653	$	—	$	57,653
Goodwill arising from the LNX acquisition		21,905		—		21,905

Balance at June 30, 2011		79,558		—		79,558
Goodwill arising from the KOR acquisition		33,913		19,150		53,063

Balance at June 30, 2012	$	113,471	$	19,150	$	132,621

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details

Acquired Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2012

Acquired Intangible Assets

Acquired intangible assets consisted of the following:


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
JUNE 30, 2012
Customer relationships	$	26,770	$	(9,217	)	$	17,553		6.9 years
Licensing agreements and patents		4,095		(2,365	)		1,730		5.4 years
Completed technologies		5,570		(1,007	)		4,563		5.3 years
Trademarks		990		(95	)		895		6.0 years
Backlog		800		(588	)		212		2.0 years
Non-compete agreements		500		(370	)		130		5.0 years

	$	38,725	$	(13,642	)	$	25,083

JUNE 30, 2011
Customer relationships	$	18,300	$	(7,530	)	$	10,770		6.7 years
Licensing agreements and patents		4,045		(1,622	)		2,423		5.5 years
Completed technologies		2,900		(227	)		2,673		6.0 years
Backlog		800		(188	)		612		2.0 years
Non-compete agreements		500		(276	)		224		5.0 years

	$	26,545	$	(9,843	)	$	16,702

Estimated Future Amortization Expense for Acquired Intangible Assets

Estimated future amortization expense for acquired intangible assets remaining at June 30, 2012 is as follows:


	Year Ending June 30,
2013	$	4,826
2014		4,811
2015		4,669
2016		4,185
2017		2,703
Thereafter		3,889

Total future amortization expense	$	25,083

KOR Electronics

Preliminary Estimated Fair Value of Acquired Intangible Assets


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
Customer relationships	$	8,470	$	(592	)	$	7,878		7.2 years
Completed technologies		2,670		(297	)		2,373		4.5 years
Trademark		990		(95	)		895		6.0 years

Total	$	12,130	$	(984	)	$	11,146		6.5 years

Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2012

Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at June 30, 2012:


	Fair Value Measurements
	June 30, 2012		Level 1		Level 2		Level 3
Assets:
U.S. Treasury bills and money market funds	$	97,049	$	97,049	$	—	$	—
Restricted cash		3,281		3,281		—		—

Total	$	100,330	$	100,330	$	—	$	—

Fair Value of Contingent Consideration, Whose Fair Values Were Determined by Level 3 Inputs

The following table provides a rollforward of the fair value of the contingent consideration, whose fair values were determined by Level 3 inputs:


	Fair Value
Balance at June 30, 2010	$	—
Contingent consideration from the LNX acquisition		4,828
Recognition of accretion expense in operating expenses		26

Balance at June 30, 2011	$	4,854
Recognition of accretion expense in operating expenses		84
Change in the fair value of the liability related to the LNX earn-out		(4,938	)

Balance at June 30, 2012	$	—

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis at June 30, 2011:


	Fair Value Measurements
	June 30, 2011		Level 1		Level 2		Level 3
Assets:
U.S. Treasury bills and money market funds	$	153,038	$	153,038	$	—	$	—
Restricted cash		3,000		3,000		—		—

Total	$	156,038	$	156,038	$	—	$	—

Liabilities:
Contingent consideration	$	4,854	$	—	$	—	$	4,854

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References + Details

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References + Details

Inventory (Tables)

12 Months Ended

Jun. 30, 2012

Inventory

Inventory was comprised of the following:


	June 30,
	2012		2011
Raw materials	$	11,246	$	7,314
Work in process		8,979		7,554
Finished goods		5,620		3,672

Total	$	25,845	$	18,540

Property and Equipment (Tables)

12 Months Ended

Jun. 30, 2012

Property and Equipment

Property and equipment consisted of the following:


	Estimated Useful Lives (Years)	June 30,
	Estimated Useful Lives (Years)	2012			2011
Computer equipment and software	2-4	$	51,372		$	47,675
Furniture and fixtures	5		7,110			6,967
Building and leasehold improvements	lesser of estimated useful life or lease term		2,313			1,837
Machinery and equipment	5		7,838			5,213
Vehicles	5		88			119

			68,721			61,811
Less: accumulated depreciation and amortization			(52,792	)		(47,291	)

		$	15,929		$	14,520

Unamortized Deferred Gain


	June 30,
	2012		2011
Current portion	$	1,157	$	1,157
Non-current portion		4,399		5,556

Total unamortized deferred gain	$	5,556	$	6,713

Product Warranty Accrual (Tables)

12 Months Ended

Jun. 30, 2012

Changes in Company's Product Warrant Accrual

The following table presents the changes in the Company’s product warranty accrual.


	Fiscal 2012			Fiscal 2011			Fiscal 2010
Beginning balance at July 1,	$	894		$	1,186		$	1,750
Accruals for warranties issued during the period		2,445			970			997
Settlements made during the period		(1,979	)		(1,262	)		(1,561	)

Ending balance at June 30,	$	1,360		$	894		$	1,186

Commitments and Contingencies (Tables)

12 Months Ended

Jun. 30, 2012

Minimum Lease Payments under Non Cancelable Operating Leases

Minimum lease payments under the Company’s non-cancelable operating leases are as follows:


	Year Ending June 30,
2013		3,905
2014		3,461
2015		2,777
2016		2,662
2017		2,231

Total minimum lease payments	$	15,036

Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2012

Summary of Stock Option Plans

The following table summarizes activity of the Company’s stock option plans since June 30, 2010:


	Options Outstanding
	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value as of 6/30/2012
Outstanding at June 30, 2010		2,612		$	13.70		4.69
Granted		77			13.70
Exercised		(315	)		8.25
Cancelled		(81	)		16.41

Outstanding at June 30, 2011		2,293		$	14.35		3.88
Granted		—			—
Exercised		(72	)		6.48
Cancelled		(36	)		23.70

Outstanding at June 30, 2012		2,185		$	14.46		2.89	$	3,489

Vested and expected to vest at June 30, 2012		2,184		$	14.46		2.88	$	3,486
Exercisable at June 30, 2012		2,102		$	14.66		2.85	$	3,173

Summary of Nonvested Restricted Stock

The following table summarizes the status of the Company’s non-vested restricted stock awards since June 30, 2010:


	Non-vested Restricted Stock Awards
	Number of Shares			Weighted Average Grant Date Fair Value
Outstanding at June 30, 2010		828		$	9.44
Granted		738			12.47
Vested		(279	)		9.42
Forfeited		(100	)		10.57

Outstanding at June 30, 2011		1,187		$	11.23
Granted		585			14.30
Vested		(409	)		10.62
Forfeited		(88	)		13.14

Outstanding at June 30, 2012		1,275		$	12.71

Stock Based Compensation Expenses

The following table presents share-based compensation expenses from continuing operations included in the Company’s consolidated statement of operations:


	Year Ended June 30,
	2012			2011			2010
Cost of revenues	$	349		$	263		$	251
Selling, general and administrative		5,309			4,609			3,145
Research and development		958			708			620

Share-based compensation expense before tax		6,616			5,580			4,016
Income taxes		(2,357	)		(1,966	)		(1,499	)

Share-based compensation expense, net of income taxes	$	4,259		$	3,614		$	2,517

Weighed-Average Key Assumptions and Fair Value Results for Stock Options Granted


	Years Ended June 30,
	2012		2011		2010
Weighted-average fair value of options granted	$	—	$	7.25	$	7.17
Option life(1)		—		5.0 years		5.0 years
Risk-free interest rate(2)		—		1.27%		2.38%
Stock volatility(3)		—		63%		87%
Dividend rate		—		0%		0%

(1)	The option life was determined based upon historical option activity.

(2)	The risk-free interest rate for each grant is equal to the U.S. Treasury yield curve in effect at the time of grant for instruments with a similar expected life.

(3)

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References + Details

Operating Segment, Significant Customers and Geographic Information (Tables)

12 Months Ended

Jun. 30, 2012

Summary of Performance of Operations by Reportable Segment

The following is a summary of the performance of the Company’s operations by reportable segment:


	ACS		MFS			Eliminations			Total
YEAR ENDED JUNE 30, 2012
Net revenues to unaffiliated customers	$	215,899	$	28,670		$	360		$	244,929
Intersegment revenues		12,208		3			(12,211	)		—

Net revenues	$	228,107	$	28,673		$	(11,851	)	$	244,929

Adjusted EBITDA	$	43,802	$	4,913		$	159		$	48,874
YEAR ENDED JUNE 30, 2011
Net revenues to unaffiliated customers	$	217,423	$	11,415		$	(128	)	$	228,710
Intersegment revenues		6,260		52			(6,312	)		—

Net revenues	$	223,683	$	11,467		$	(6,440	)	$	228,710

Adjusted EBITDA	$	42,304	$	(914	)	$	(507	)	$	40,883
YEAR ENDED JUNE 30, 2010
Net revenues to unaffiliated customers	$	188,967	$	10,735		$	128		$	199,830
Intersegment revenues		4,779		336			(5,115	)		—

Net revenues	$	193,746	$	11,071		$	(4,987	)	$	199,830

Adjusted EBITDA	$	30,454	$	(641	)	$	43		$	29,856

Reconciles Net Income, Most Directly Comparable GAAP Financial Measure to Adjusted EBITDA

The following table reconciles the Company’s net income, the most directly comparable GAAP financial measure, to its adjusted EBITDA:


	Year Ended June 30,
(In thousands)	2012			2011			2010
Net income	$	22,619		$	18,442		$	28,358
(Loss) income from discontinued operations, net of income taxes		—			(65	)		289

Income from continuing operations		22,619			18,507			28,069
Interest expense (income), net		27			45			(151	)
Income tax expense (benefit)		9,152			8,060			(9,377	)
Depreciation		7,859			6,364			5,147
Amortization of acquired intangible assets		3,799			1,984			1,710
Restructuring		2,821			—			231
Impairment of long-lived assets		—			150			211
Acquisition costs and other related expenses		1,219			412			—
Fair value adjustments from purchase accounting		(5,238	)		(219	)		—
Stock-based compensation cost		6,616			5,580			4,016

Adjusted EBITDA	$	48,874		$	40,883		$	29,856

Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations

The geographic distribution of the Company’s revenues and long-lived assets from continuing operations is summarized as follows:


	US		Europe		Asia Pacific		Eliminations			Total
YEAR ENDED JUNE 30, 2012
Net revenues to unaffiliated customers	$	235,292	$	4,983	$	4,654	$	—		$	244,929
Inter-geographic revenues		5,511		747		175		(6,433	)		—

Net revenues	$	240,803	$	5,730	$	4,829	$	(6,433	)	$	244,929

Identifiable long-lived assets	$	15,895	$	32	$	2	$	—		$	15,929
YEAR ENDED JUNE 30, 2011
Net revenues to unaffiliated customers	$	219,435	$	3,665	$	5,610	$	—		$	228,710
Inter-geographic revenues		5,637		2,277		243		(8,157	)		—

Net revenues	$	225,072	$	5,942	$	5,853	$	(8,157	)	$	228,710

Identifiable long-lived assets	$	15,390	$	24	$	704	$	—		$	16,118
YEAR ENDED JUNE 30, 2010
Net revenues to unaffiliated customers	$	180,103	$	9,960	$	9,767	$	—		$	199,830
Inter-geographic revenues		13,916		789		198		(14,903	)		—

Net revenues	$	194,019	$	10,749	$	9,965	$	(14,903	)	$	199,830

Identifiable long-lived assets	$	13,384	$	21	$	716	$	—		$	14,121

Customers Comprising Ten Percent or more Revenues

Customers comprising 10% or more of the Company’s revenues for the fiscal years shown below are as follows:


	Year Ended June 30,
	2012			2011			2010
Raytheon Company (ACS)		22	%		17	%		20	%
Northrop Grumman Corporation (ACS)		17			21	%		*
Lockheed Martin Corporation (ACS)		15			13			17

		54	%		51	%		37	%

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Components of Income Before Income Taxes and Income Tax Expense (Benefit)

The components of income before income taxes and income tax expense (benefit) were as follows:


	Year Ended June 30,
	2012			2011		2010
Income from continuing operations before income taxes:
United States	$	31,277		$	26,072	$	18,714
Foreign		494			495		(22	)

	$	31,771		$	26,567	$	18,692

Income tax expense (benefit) from continuing operations:
Federal:
Current	$	10,591		$	4,974	$	(356	)
Deferred		(2,582	)		1,992		(8,286	)

	$	8,009		$	6,966	$	(8,642	)
State:
Current	$	1,401		$	855	$	98
Deferred		(335	)		48		(711	)

	$	1,066		$	903	$	(613	)
Foreign:
Current	$	77		$	161	$	(122	)
Deferred		—			30		—

	$	77		$	191	$	(122	)

	$	9,152		$	8,060	$	(9,377	)

Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate from Continuing Operations

The following is the reconciliation between the statutory federal income tax rate and the Company’s effective income tax rate from continuing operations:


	Year Ended June 30,
	2012			2011			2010
Income taxes at federal statutory rates		35.0	%		35.0	%		35.0	%
State income tax, net of federal tax benefit		2.6			2.2			0.5
Research and development credits		(4.2	)		(6.9	)		(5.9	)
Domestic manufacturing deduction		(3.0	)		(2.6	)		—
Deemed repatriation of foreign earnings		—			—			(1.4	)
Equity compensation		1.0			1.6			1.8
IRS audit adjustments		—			—			(1.5	)
Goodwill impairment		—			—			0.4
Change in the fair value of the liability related to the LNX earn-out		(5.4	)		—			—
Acquisition costs		1.3			0.6			—
Valuation allowance		2.2			1.7			(79.8	)
Other		(0.7	)		(1.3	)		0.7

		28.8	%		30.3	%		(50.2	)%

Components of Net Deferred Tax Assets (Liabilities)

The components of the Company’s net deferred tax assets (liabilities) were as follows:


	June 30,
	2012			2011
Deferred tax assets:
Inventory valuation and receivable allowances	$	4,788		$	4,189
Accrued compensation		1,367			1,424
Equity compensation		6,036			5,565
Federal and state research and development tax credit carryforwards		8,569			8,716
Net operating loss		—			900
Gain on sale-leaseback		2,116			2,556
Other accruals		919			328
Repatriation of foreign earnings		—			76
Other temporary differences		1,333			594

		25,128			24,348
Valuation allowance		(8,682	)		(7,973	)

Total deferred tax assets		16,446			16,375
Deferred tax liabilities:
Deferred revenue		(3,488	)		(4,776	)
Property and equipment depreciation		(3,995	)		(2,452	)
Acquired intangible assets		(8,507	)		(5,346	)

Total deferred tax liabilities		(15,990	)		(12,574	)

Net deferred tax (liabilities) assets	$	456		$	3,801

Summary of Reserves for Unrecognized Income Tax Benefits

The changes in the Company’s reserves for unrecognized income tax benefits are summarized as follows:


	Year Ended June 30,
	2012			2011
Unrecognized tax benefits, beginning of period	$	1,831		$	1,856
Increases for previously recognized positions		716			27
Settlements of previously recognized positions		—			(59	)
Decreases for previously recognized positions		(84	)		(229	)
Increases for currently recognized positions		179			236

Unrecognized tax benefits, end of period	$	2,642		$	1,831

Restructuring Plan (Tables)

12 Months Ended

Jun. 30, 2012

Expenses by Business Segment for Restructuring Plans

The following table presents the detail of expenses by business segment for the Company’s restructuring plans:


	Severance			Facilities		Other			Total
ACS		2,406			—		306			2,712
MFS		109			—		—			109

Total provision		2,515			—		306			2,821
Cash paid		(2	)		—		(121	)		(123	)

Restructuring liability at June 30, 2012	$	2,513		$	—	$	185		$	2,698

Supplementary Information (Unaudited) (Tables)

12 Months Ended

Jun. 30, 2012

Consolidated Quarterly Statements of Operations


2012 (In thousands, except per share data)	1ST QUARTER		2ND QUARTER		3RD QUARTER		4TH QUARTER
Net revenues	$	49,122	$	67,959	$	66,989	$	60,859
Gross margin	$	29,916	$	40,913	$	35,063	$	30,264
Income from operations	$	3,565	$	13,485	$	7,106	$	5,956
Income from operations before income taxes	$	3,967	$	13,873	$	7,625	$	6,306
Income tax expense	$	1,314	$	4,828	$	2,380	$	630
Income from continuing operations	$	2,653	$	9,045	$	5,245	$	5,676
Net income	$	2,653	$	9,045	$	5,245	$	5,676

Net earnings per common share:
Basic net earnings per share:
Income from continuing operations	$	0.09	$	0.31	$	0.18	$	0.19
Net income	$	0.09	$	0.31	$	0.18	$	0.19
Diluted net earnings per share:
Income from continuing operations	$	0.09	$	0.30	$	0.17	$	0.19
Net income	$	0.09	$	0.30	$	0.17	$	0.19

2011 (In thousands, except per share data)	1ST QUARTER		2ND QUARTER		3RD QUARTER		4TH QUARTER
Net revenues	$	52,108	$	55,513	$	59,855	$	61,234
Gross margin	$	30,660	$	31,640	$	32,882	$	34,717
Income from operations	$	5,245	$	6,518	$	6,999	$	6,223
Income from operations before income taxes	$	5,759	$	6,879	$	7,385	$	6,544
Income tax expense (benefit)	$	2,077	$	1,696	$	2,007	$	2,280
Income from continuing operations	$	3,682	$	5,183	$	5,378	$	4,264
Net income	$	3,630	$	5,183	$	5,378	$	4,251

Net earnings per common share:
Basic net earnings per share:
Income from continuing operations	$	0.16	$	0.22	$	0.20	$	0.15
Net income	$	0.16	$	0.22	$	0.20	$	0.15
Diluted net earnings per share:
Income from continuing operations*	$	0.16	$	0.22	$	0.20	$	0.14
Net income*	$	0.15	$	0.22	$	0.20	$	0.14

*	Due to the effects of rounding, the sum of the four quarters does not equal the annual total.

Summary of Significant Accounting Policies - Additional Information (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 16, 2011 USD ($) $ / shares shares	Jun. 30, 2012 USD ($) Customer Day shares	Jun. 30, 2011 USD ($) Customer shares	Jun. 30, 2010 shares
Significant Accounting Policies [Line Items]
Cash and cash equivalent \| $		$ 115,958	$ 162,869
Concentration of risk accounts receivable percentage		59.00%	74.00%
Number of customers accounted for company's receivables \| Customer		5	5
Software useful life		3 years
Capitalized software development cost \| $		$ 1,092	$ 1,000
Minimum likelihood of tax benefits being recognized upon ultimate settlement		50.00%
Common stock excluded from diluted earning per share \| shares		1,244	753	1,705
Follow-on public stock offering, price per share \| $ / shares	$ 17.75
Proceeds from follow-on public stock offering, net \| $	$ 93,605		$ 93,605
Follow-on public stock offering weighted average share included in basic and diluted earning per share \| shares		5,578	2,129
Common Stock
Significant Accounting Policies [Line Items]
Follow-on public stock offering, shares \| shares	5,578
Maximum
Significant Accounting Policies [Line Items]
Maturity of cash and cash equivalents \| Day		90
Acquired intangible assets, estimated useful lives		7 years
Multiple Delivery Revenue
Significant Accounting Policies [Line Items]
Percentage of revenue under multi- deliverable arrangement		39.00%	50.00%	53.00%

Basic and Diluted Weighted Average Shares Outstanding (Detail) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Weighted Average Number of Shares Outstanding [Line Items]
Basic weighted-average shares outstanding	29,477	25,322	22,559
Effect of dilutive equity instruments	608	887	449
Diluted weighted-average shares outstanding	30,085	26,209	23,008

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-Name Emerging Issues Task Force (EITF)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Components of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Accumulated Other Comprehensive Income [Line Items]
Accumulated foreign currency translation adjustments	$ 1,306	$ 1,253
Accumulated net unrealized gains on investments		2
Total accumulated other comprehensive income	$ 1,306	$ 1,255

- Definition

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Acquisitions - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 16, 2011	Jan. 12, 2011	Jun. 30, 2012	Dec. 22, 2011	Jun. 30, 2011	Mar. 31, 2011
Business Acquisition [Line Items]
Follow-on public stock offering weighted average share included in basic and diluted earning per share			5,578		2,129
Change in the fair value of the liability related to the LNX earn-out			$ (4,938)
Common Stock
Business Acquisition [Line Items]
Follow-on public stock offering, shares	5,578
KOR and PDI
Business Acquisition [Line Items]
Acquisition price paid in cash				$ 70,000
Revenue			19,779
Operating income			$ 2,586
KOR Electronics
Business Acquisition [Line Items]
Acquisition price paid in cash				71,019
Escrow to support post-closing working capital adjustment and sellers' indemnification obligations				$ 10,650
Escrow release date				Dec. 30, 2013
Goodwill arising from acquisition				$ 53,063
LNX
Business Acquisition [Line Items]
Acquisition price paid in cash		$ 31,000
Escrow to support post-closing working capital adjustment and sellers' indemnification obligations		$ 6,200
Escrow release date		Aug. 31, 2012
Fair value of contingent consideration		$ 4,828
LNX \| Sellers
Business Acquisition [Line Items]
Amount of cash released from escrow						$ 1,523
LNX \| Company
Business Acquisition [Line Items]
Amount of cash released from escrow						$ 27
LNX \| Maximum
Business Acquisition [Line Items]
Earn-out payable amount based on achievement of financial targets during a period		$ 5,000

Net Purchase Price and Preliminary Allocation for Acquisition (Detail) - KOR Electronics $ in Thousands	Dec. 22, 2011 USD ($)
Consideration transferred
Cash paid at closing	$ 71,019
Working capital adjustment	1,044
Less cash, cash equivalents and restricted cash acquired	(1,019)
Net purchase price	71,044
Estimated fair value of tangible assets acquired and liabilities assumed
Cash, cash equivalents and restricted cash	1,019
Accounts receivable and cost in excess of billings	10,367
Other current and non-current assets	4,063
Current liabilities	(3,978)
Deferred income taxes	(4,601)
Estimated fair value of net tangible assets acquired	6,870
Estimated fair value of identifiable intangible assets	12,130
Estimated fair value of goodwill	53,063
Estimated fair value of assets acquired	72,063
Less cash, cash equivalents and restricted cash acquired	(1,019)
Net purchase price	$ 71,044

Supplemental Statements of Operations Information (Detail) - KOR Electronics - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma net revenues	$ 265,478	$ 265,365
Pro forma net income	$ 23,149	$ 21,982
Basic pro forma net earnings per share	$ 0.79	$ 0.87
Diluted pro forma net earnings per share	$ 0.77	$ 0.84

- Definition

The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Goodwill [Line Items]
Beginning Balance	$ 79,558	$ 57,653
Ending Balance	132,621	79,558
ACS
Goodwill [Line Items]
Beginning Balance	79,558	57,653
Ending Balance	113,471	79,558
MFS
Goodwill [Line Items]
Ending Balance	19,150
LNX
Goodwill [Line Items]
Goodwill		21,905
LNX \| ACS
Goodwill [Line Items]
Goodwill		$ 21,905
KOR Electronics
Goodwill [Line Items]
Goodwill	53,063
KOR Electronics \| ACS
Goodwill [Line Items]
Goodwill	33,913
KOR Electronics \| MFS
Goodwill [Line Items]
Goodwill	$ 19,150

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 38,725	$ 26,545
Accumulated Amortization	(13,642)	(9,843)
Net Carrying Amount	25,083	16,702
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	26,770	18,300
Accumulated Amortization	(9,217)	(7,530)
Net Carrying Amount	$ 17,553	$ 10,770
Weighted Average Useful Life	6 years 10 months 24 days	6 years 8 months 12 days
Licensing agreements and patents
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,095	$ 4,045
Accumulated Amortization	(2,365)	(1,622)
Net Carrying Amount	$ 1,730	$ 2,423
Weighted Average Useful Life	5 years 4 months 24 days	5 years 6 months
Completed technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,570	$ 2,900
Accumulated Amortization	(1,007)	(227)
Net Carrying Amount	$ 4,563	$ 2,673
Weighted Average Useful Life	5 years 3 months 18 days	6 years
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 990
Accumulated Amortization	(95)
Net Carrying Amount	$ 895
Weighted Average Useful Life	6 years
Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 800	$ 800
Accumulated Amortization	(588)	(188)
Net Carrying Amount	$ 212	$ 612
Weighted Average Useful Life	2 years	2 years
Non-compete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 500	$ 500
Accumulated Amortization	(370)	(276)
Net Carrying Amount	$ 130	$ 224
Weighted Average Useful Life	5 years	5 years

Estimated Future Amortization Expense for Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Expected Amortization Expense [Line Items]
2013	$ 4,826
2014	4,811
2015	4,669
2016	4,185
2017	2,703
Thereafter	3,889
Net Carrying Amount	$ 25,083	$ 16,702

Fair Value of Acquired Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 38,725	$ 26,545
Accumulated Amortization	(13,642)	(9,843)
Net Carrying Amount	25,083	16,702
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	26,770	18,300
Accumulated Amortization	(9,217)	(7,530)
Net Carrying Amount	$ 17,553	$ 10,770
Weighted Average Useful Life	6 years 10 months 24 days	6 years 8 months 12 days
Completed technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,570	$ 2,900
Accumulated Amortization	(1,007)	(227)
Net Carrying Amount	$ 4,563	$ 2,673
Weighted Average Useful Life	5 years 3 months 18 days	6 years
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 990
Accumulated Amortization	(95)
Net Carrying Amount	$ 895
Weighted Average Useful Life	6 years
KOR Electronics
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 12,130
Accumulated Amortization	(984)
Net Carrying Amount	$ 11,146
Weighted Average Useful Life	6 years 6 months
KOR Electronics \| Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 8,470
Accumulated Amortization	(592)
Net Carrying Amount	$ 7,878
Weighted Average Useful Life	7 years 2 months 12 days
KOR Electronics \| Completed technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,670
Accumulated Amortization	(297)
Net Carrying Amount	$ 2,373
Weighted Average Useful Life	4 years 6 months
KOR Electronics \| Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 990
Accumulated Amortization	(95)
Net Carrying Amount	$ 895
Weighted Average Useful Life	6 years

Summary of Financial Assets Measured at Fair Value on Recurring Basis (Detail) $ in Thousands	Jun. 30, 2012 USD ($)
Assets:
Fair value measurement disclosure	$ 100,330
U.S. Treasury bills and money market funds
Assets:
Fair value measurement disclosure	97,049
Restricted cash
Assets:
Fair value measurement disclosure	3,281
Fair Value, Inputs, Level 1
Assets:
Fair value measurement disclosure	100,330
Fair Value, Inputs, Level 1 \| U.S. Treasury bills and money market funds
Assets:
Fair value measurement disclosure	97,049
Fair Value, Inputs, Level 1 \| Restricted cash
Assets:
Fair value measurement disclosure	$ 3,281

Fair Value of Financial Instruments - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jun. 30, 2012 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Change in the fair value of the liability related to the LNX earn-out	$ (4,938)

Roll Forward of Fair Value of Contingent Consideration (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Beginning Balance	$ 4,854
Contingent consideration from the LNX acquisition		4,828
Recognition of accretion expense in operating expenses	84	26
Change in the fair value of the liability related to the LNX earn-out	$ (4,938)
Ending Balance		$ 4,854

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2011	Jun. 30, 2010
Liabilities:
Fair value liability	$ 4,854
Fair Value, Measurements, Recurring
Assets:
Fair value assets	156,038
Fair Value, Measurements, Recurring \| U.S. Treasury bills and money market funds
Assets:
Fair value assets	153,038
Fair Value, Measurements, Recurring \| Restricted cash
Assets:
Fair value assets	3,000
Fair Value, Measurements, Recurring \| Contingent consideration
Liabilities:
Fair value liability	4,854
Fair Value, Inputs, Level 1 \| Fair Value, Measurements, Recurring
Assets:
Fair value assets	156,038
Fair Value, Inputs, Level 1 \| Fair Value, Measurements, Recurring \| U.S. Treasury bills and money market funds
Assets:
Fair value assets	153,038
Fair Value, Inputs, Level 1 \| Fair Value, Measurements, Recurring \| Restricted cash
Assets:
Fair value assets	3,000
Fair Value, Inputs, Level 3 \| Fair Value, Measurements, Recurring \| Contingent consideration
Liabilities:
Fair value liability	$ 4,854

Inventory (Detail) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Schedule of Inventory [Line Items]
Raw materials	$ 11,246	$ 7,314
Work in process	8,979	7,554
Finished goods	5,620	3,672
Total	$ 25,845	$ 18,540

Restricted Cash - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 3,281	$ 3,000
Collateral for Landlord
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	3,000
Certificate of Deposit
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 281

Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Property and equipment, gross	$ 68,721	$ 61,811
Less: accumulated depreciation and amortization	(52,792)	(47,291)
Property and equipment, net	15,929	14,520
Computer equipment and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 51,372	47,675
Computer equipment and software \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	2 years
Computer equipment and software \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	4 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Property and equipment, gross	$ 7,110	6,967
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	lesser of estimated useful life or lease term
Property and equipment, gross	$ 2,313	1,837
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Property and equipment, gross	$ 7,838	5,213
Vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Property and equipment, gross	$ 88	$ 119

Property and Equipment - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jun. 30, 2012 USD ($) OptionPlan	Jun. 30, 2011 USD ($)	Jun. 30, 2010 USD ($)
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense related to property and equipment	$ 7,859	$ 6,364	$ 5,147
Gain from sale property and equipment	$ 11,569
Lease term	10 years
Number of five year term option to renew \| OptionPlan	2
Computer equipment and software
Property, Plant and Equipment [Line Items]
Retirement of asset	$ 2,058	$ 10,143

Unamortized Deferred Gain (Detail) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Assets Disposed of by Method Other than Sale, in Period of Disposition [Line Items]
Current portion	$ 1,157	$ 1,157
Non-current portion	4,399	5,556
Total unamortized deferred gain	$ 5,556	$ 6,713

Changes in Product Warranty Accrual (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Product Warranty Liability [Line Items]
Beginning balance	$ 894	$ 1,186	$ 1,750
Accruals for warranties issued during the period	2,445	970	997
Settlements made during the period	(1,979)	(1,262)	(1,561)
Ending balance	$ 1,360	$ 894	$ 1,186

Debt - Additional Information (Detail) - Senior Secured Credit Facility $ in Thousands	1 Months Ended		12 Months Ended
	Mar. 30, 2011 USD ($)	Feb. 12, 2010 USD ($)	Jun. 30, 2012 USD ($)
Loan and security agreement with Silicon Valley Bank \| Maximum \| $15,000 minimum trailing-four-quarter cash-flow covenant
Debt Instrument [Line Items]
Cash equivalents in accounts with the Lender in excess of borrowings		$ 10,000
Loan and security agreement with Silicon Valley Bank \| Minimum
Debt Instrument [Line Items]
Quick Ratio		1.5
Loan and security agreement with Silicon Valley Bank \| Minimum \| Less than $10,000 of cash equivalents in accounts with the Lender in excess of borrowings
Debt Instrument [Line Items]
Minimum trailing-four-quarter cash-flow covenant		$ 15,000
Loan and security agreement with Silicon Valley Bank \| Revolver
Debt Instrument [Line Items]
Senior secured credit facility, maximum borrowing capacity		$ 15,000
Debt instrument borrowing period		2 years
Debt instrument maturity date		Feb. 11, 2012
Loan and security agreement with Silicon Valley Bank \| Term Loan
Debt Instrument [Line Items]
Senior secured credit facility, maximum borrowing capacity		$ 20,000
Debt instrument maturity date		Feb. 11, 2014
Loan and security agreement with Silicon Valley Bank \| Term Loan \| Maximum
Debt Instrument [Line Items]
Number of term loan borrowings		3
Loan and security agreement with Silicon Valley Bank \| Foreign Subsidiaries
Debt Instrument [Line Items]
Percentage of voting stock of foreign subsidiaries		65.00%
Amended Loan Agreement
Debt Instrument [Line Items]
Minimum trailing-four-quarter cash-flow covenant			$ 15,000
Amended Loan Agreement \| Thereafter
Debt Instrument [Line Items]
Minimum trailing-four-quarter cash-flow covenant			$ 17,500
Amended Loan Agreement \| Minimum
Debt Instrument [Line Items]
Quick Ratio			1.0
Amended Loan Agreement \| Revolver
Debt Instrument [Line Items]
Senior secured credit facility, maximum borrowing capacity	$ 35,000
Debt instrument maturity date	Feb. 11, 2014
Debt instrument extended borrowing period	2 years
Amended Loan Agreement \| Term Loan
Debt Instrument [Line Items]
Senior secured credit facility, terminated amount	$ 20,000

Commitments And Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Long-term Purchase Commitment [Line Items]
Rental expenses	$ 3,803	$ 3,369	$ 3,613
Non-cancelable purchase commitments
Long-term Purchase Commitment [Line Items]
Purchase commitments for less than one year	$ 14,002

Minimum Lease Payments under Non Cancelable Operating Leases (Detail) $ in Thousands	Jun. 30, 2012 USD ($)
Operating Leased Assets [Line Items]
2013	$ 3,905
2014	3,461
2015	2,777
2016	2,662
2017	2,231
Total minimum lease payments	$ 15,036

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 16, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Shareholders Equity [Line Items]
Follow-on public stock offering, price per share	$ 17.75
Proceeds from follow-on public stock offering, net	$ 93,605		$ 93,605
Preferred stock shares authorized to issue		1,000,000	1,000,000
Preferred stock shares par value		$ 0.01	$ 0.01
Number of preferred stock purchase right declared as dividend for each outstanding share of common stock		1
Dividend declared, record date		Dec. 23, 2005
Shareholder Rights Plan description		Under the Shareholder Rights Plan, the Rights become exercisable if a person becomes an "acquiring person" by acquiring 15% or more of the outstanding shares of common stock or if a person commences a tender offer that would result in that person owning 15% or more of the common stock. If a person becomes an "acquiring person," each holder of a Right (other than the acquiring person) would be entitled to purchase, at the then-current exercise price, such number of shares of the Company's preferred stock which are equivalent to shares of common stock having a value of twice the exercise price of the Right.
Minimum percentage a person should acquire or commence a tender offer that would result in owning outstanding shares of common stock to exercise the right		15.00%
Net settled shares in connection with surrender of shares to cover minimum taxes on vesting of restricted stock, shares				42,000
Net settled shares in connection with surrender of shares to cover minimum taxes on vesting of restricted stock, value				$ 433
Underwriting Discount
Shareholders Equity [Line Items]
Underwriting discount and other expenses related to follow-on public stock offering	4,950
Other Expense
Shareholders Equity [Line Items]
Underwriting discount and other expenses related to follow-on public stock offering	$ 446
Common Stock
Shareholders Equity [Line Items]
Follow-on public stock offering, shares	5,578,000

Stock Based Compensation - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 21, 2011	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2011	Jan. 31, 2011	Jun. 30, 2010
2005 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan		6,092
Increase in share authorized under stock incentive plan	1,000
Exercise price of stock option, percentage		100.00%
Shares available for future grant		2,675
2005 Stock Incentive Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of stock option		7 years
Stock Option Plan 1997
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan		8,650
Exercise price of stock option, percentage		100.00%
Stock Option Plan 1997 \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of stock option		10 years
Options, vesting period		4 years
Stock Option Plan 1997 \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vesting period		0 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation, period of recognition		2 years 4 months 24 days		2 years 7 months 6 days
Restricted stock granted		585		738
Total fair value of restricted stock awards vested		$ 5,848		$ 4,175		$ 3,485
Unrecognized compensation cost related to non-vested restricted stock		$ 10,515		$ 10,400
Restricted Stock \| LNX
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted					79
Restricted Stock \| KOR Electronics
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted			144
Restricted Stock \| Stock Option Plan 1997
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan		100
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share options granted				77
Intrinsic value of the options exercised		$ 534		$ 2,979		$ 532
Unrecognized compensation cost related to non-vested options granted		$ 110		$ 1,218
Unrecognized compensation, period of recognition		3 months 18 days		10 months 24 days
1997 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan		1,400
Increase in share authorized under stock incentive plan	300
Shares available for future grant		360
Purchase price as a percentage of the lesser of the market value of such shares at either the beginning or the end of each nine-month offering period		85.00%
Percentage of employee compensation that may be uses to purchase common stock through payroll deductions, maximum		10.00%
Number of share options granted		104		89		94

Summary of Stock Option Plans (Detail) - Stock Options - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Number of Shares
Outstanding at beginning of period	2,293	2,612
Granted		77
Exercised	(72)	(315)
Cancelled	(36)	(81)
Outstanding at end of period	2,185	2,293	2,612
Vested and expected to vest at end of period	2,184
Exercisable at end of period	2,102
Weighted Average Exercise Price
Outstanding at beginning of period	$ 14.35	$ 13.70
Granted		13.70
Exercised	6.48	8.25
Cancelled	23.70	16.41
Outstanding at end of period	14.46	$ 14.35	$ 13.70
Vested and expected to vest at end of period	14.46
Exercisable at end of period	$ 14.66
Weighted Average Remaining Contractual Term (Years)
Outstanding at end of period	2 years 10 months 21 days	3 years 10 months 17 days	4 years 8 months 9 days
Vested and expected to vest at end of period	2 years 10 months 17 days
Exercisable at end of period	2 years 10 months 6 days
Aggregate Intrinsic Value
Outstanding at end of period	$ 3,489
Vested and expected to vest at end of period	3,486
Exercisable at end of period	$ 3,173

Summary of Nonvested Restricted Stock (Detail) - Restricted Stock - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Number of Shares
Beginning Balance	1,187	828
Granted	585	738
Vested	(409)	(279)
Forfeited	(88)	(100)
Ending Balance	1,275	1,187
Weighted Average Grant Date Fair Value
Beginning Balance	$ 11.23	$ 9.44
Granted	14.30	12.47
Vested	10.62	9.42
Forfeited	13.14	10.57
Ending Balance	$ 12.71	$ 11.23

Stock Based Compensation Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense before tax	$ 6,616	$ 5,580	$ 4,016
Income taxes	(2,357)	(1,966)	(1,499)
Share-based compensation expense, net of income taxes	4,259	3,614	2,517
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense before tax	349	263	251
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense before tax	5,309	4,609	3,145
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense before tax	$ 958	$ 708	$ 620

Weighed-Average Key Assumptions and Fair Value Results for Stock Options Granted (Detail) - $ / shares

12 Months Ended

Jun. 30, 2011

Jun. 30, 2010

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-average fair value of options granted

$ 7.25

$ 7.17

Option life

^[1]

5 years

Risk-free interest rate

^[2]

1.27%

2.38%

Stock volatility

^[3]

63.00%

87.00%

Dividend rate

0.00%

[1]	The option life was determined based upon historical option activity.
[2]	The risk-free interest rate for each grant is equal to the U.S. Treasury yield curve in effect at the time of grant for instruments with a similar expected life.
[3]	The stock volatility for each grant is measured using the weighted average of historical daily price changes of the Company's common stock over the most recent period equal to the expected option life of the grant, the historical short-term trend of the option and other factors, such as expected changes in volatility arising from planned changes in the Company's business operations.

Operating Segment, Significant Customers and Geographic Information - Additional Information (Detail)	12 Months Ended
	Jun. 30, 2012 Segment	Jun. 30, 2011 Program	Jun. 30, 2010
Segment Reporting Information [Line Items]
Number of operating segments \| Segment	2
Number of program comprised 10% or more of company's revenue \| Program		0
AEGIS Program
Segment Reporting Information [Line Items]
Percentage of revenue contributed from a single program	11.00%		15.00%

Summary of Performance of Operations by Reportable Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ 244,929	$ 228,710	$ 199,830
Adjusted EBITDA	48,874	40,883	29,856
Reportable Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	244,929	228,710	199,830
Net revenues	244,929	228,710	199,830
Adjusted EBITDA	48,874	40,883	29,856
ACS \| Reportable Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	215,899	217,423	188,967
Intersegment revenues	12,208	6,260	4,779
Net revenues	228,107	223,683	193,746
Adjusted EBITDA	43,802	42,304	30,454
MFS \| Reportable Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	28,670	11,415	10,735
Intersegment revenues	3	52	336
Net revenues	28,673	11,467	11,071
Adjusted EBITDA	4,913	(914)	(641)
Eliminations \| Reportable Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	360	(128)	128
Intersegment revenues	(12,211)	(6,312)	(5,115)
Net revenues	(11,851)	(6,440)	(4,987)
Adjusted EBITDA	$ 159	$ (507)	$ 43

Reconciles Net Income, Most Directly Comparable GAAP Financial Measure to Adjusted EBITDA (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net income	$ 22,619	$ 18,442	$ 28,358
(Loss) income from discontinued operations, net of income taxes		(65)	289
Income from continuing operations	22,619	18,507	28,069
Interest expense (income), net	27	45	(151)
Income tax expense (benefit)	9,152	8,060	(9,377)
Depreciation	7,859	6,364	5,147
Amortization of acquired intangible assets	3,799	1,984	1,710
Restructuring	2,821		231
Impairment of long-lived assets		150	211
Acquisition costs and other related expenses	1,219	412
Fair value adjustments from purchase accounting	(5,238)	(219)
Stock-based compensation cost	6,616	5,580	4,016
Adjusted EBITDA	$ 48,874	$ 40,883	$ 29,856

Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	$ 244,929	$ 228,710	$ 199,830
Net revenues	244,929	228,710	199,830
Identifiable long-lived assets	15,929	16,118	14,121
US
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	235,292	219,435	180,103
Inter-geographic revenues	5,511	5,637	13,916
Net revenues	240,803	225,072	194,019
Identifiable long-lived assets	15,895	15,390	13,384
Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	4,983	3,665	9,960
Inter-geographic revenues	747	2,277	789
Net revenues	5,730	5,942	10,749
Identifiable long-lived assets	32	24	21
Asia Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	4,654	5,610	9,767
Inter-geographic revenues	175	243	198
Net revenues	4,829	5,853	9,965
Identifiable long-lived assets	2	704	716
Geographical Intersegment, Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Inter-geographic revenues	(6,433)	(8,157)	(14,903)
Net revenues	$ (6,433)	$ (8,157)	$ (14,903)

Customers Comprising Ten Percent or more Revenues (Detail)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Revenue, Major Customer [Line Items]
Revenue from Customers	54.00%	51.00%	37.00%
ACS \| Raytheon Company
Revenue, Major Customer [Line Items]
Revenue from Customers	22.00%	17.00%	20.00%
ACS \| Northrop Grumman Corporation
Revenue, Major Customer [Line Items]
Revenue from Customers	17.00%	21.00%
ACS \| Lockheed Martin Corporation
Revenue, Major Customer [Line Items]
Revenue from Customers	15.00%	13.00%	17.00%

Components of Income Before Income Taxes and Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Income from continuing operations before income taxes:
United States	$ 31,277	$ 26,072	$ 18,714
Foreign	494	495	(22)
Income from continuing operations before income taxes (benefit)	31,771	26,567	18,692
Federal:
Current	10,591	4,974	(356)
Deferred	(2,582)	1,992	(8,286)
Federal Income Tax Expense (Benefit), Continuing Operations, Total	8,009	6,966	(8,642)
State:
Current	1,401	855	98
Deferred	(335)	48	(711)
State and Local Income Tax Expense (Benefit), Continuing Operations, Total	1,066	903	(613)
Foreign:
Current	77	161	(122)
Deferred		30
Foreign, Income Tax expense benefit	77	191	(122)
Income tax expense	$ 9,152	$ 8,060	$ (9,377)

Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate from Continuing Operations (Detail)	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Reconciliation of Statutory Federal Tax Rate [Line Items]
Income taxes at federal statutory rates	35.00%	35.00%	35.00%
State income tax, net of federal tax benefit	2.60%	2.20%	0.50%
Research and development credits	(4.20%)	(6.90%)	(5.90%)
Domestic manufacturing deduction	(3.00%)	(2.60%)
Deemed repatriation of foreign earnings			(1.40%)
Equity compensation	1.00%	1.60%	1.80%
IRS audit adjustments			(1.50%)
Goodwill impairment			0.40%
Change in the fair value of the liability related to the LNX earn-out	(5.40%)
Acquisition costs	1.30%	0.60%
Valuation allowance	2.20%	1.70%	(79.80%)
Other	(0.70%)	(1.30%)	0.70%
Effective income tax rate from continuing operation	28.80%	30.30%	(50.20%)

Components of Net Deferred Tax Assets (Liabilities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2012	Jun. 30, 2011
Deferred tax assets:
Inventory valuation and receivable allowances	$ 4,788	$ 4,189
Accrued compensation	1,367	1,424
Equity compensation	6,036	5,565
Federal and state research and development tax credit carryforwards	8,569	8,716
Net operating loss		900
Other accruals	919	328
Repatriation of foreign earnings		76
Other temporary differences	1,333	594
Deferred tax Asset	25,128	24,348
Valuation allowance	(8,682)	(7,973)
Total deferred tax assets	16,446	16,375
Deferred tax liabilities:
Deferred revenue	(3,488)	(4,776)
Property and equipment depreciation	(3,995)	(2,452)
Acquired intangible assets	(8,507)	(5,346)
Total deferred tax liabilities	(15,990)	(12,574)
Net deferred tax (liabilities) assets	456	3,801
Other Amortizable Assets
Deferred tax assets:
Gain on sale-leaseback	$ 2,116	$ 2,556

Income Taxes - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jun. 30, 2012 USD ($)
Tax Credit Carryforward [Line Items]
Accrued deferred taxes, undistributed earnings and profits	$ 1,200
Unrecognized tax benefits that, if released, would affect income tax expense	2,642
State and Local Jurisdiction \| Research and development credit carryforwards
Tax Credit Carryforward [Line Items]
Tax credit carry forwards	$ 12,813
State and Local Jurisdiction \| Research and development credit carryforwards \| Minimum
Tax Credit Carryforward [Line Items]
Tax caryforward expiration year	2018
State and Local Jurisdiction \| Research and development credit carryforwards \| Maximum
Tax Credit Carryforward [Line Items]
Tax caryforward expiration year	2027
State and Local Jurisdiction \| Investment Tax Credit Carryforward
Tax Credit Carryforward [Line Items]
Tax credit carry forwards	$ 124
Tax caryforward expiration year	2015
Foreign Tax Authority
Tax Credit Carryforward [Line Items]
Net operating loss carryforwards	$ 399

Summary of Reserves for Unrecognized Income Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized tax benefits, beginning balance	$ 1,831	$ 1,856
Increases for previously recognized positions	716	27
Settlements of previously recognized positions		(59)
Decreases for previously recognized positions	(84)	(229)
Increases for currently recognized positions	179	236
Unrecognized tax benefits, ending balance	$ 2,642	$ 1,831

Restructuring Plan - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jun. 30, 2012 USD ($) Person	Jun. 30, 2010 USD ($)
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated \| Person	41
Expenses recorded by the company for restructuring plans	$ 2,821	$ 231
ACS
Restructuring Cost and Reserve [Line Items]
Expenses recorded by the company for restructuring plans	2,712
Future restructuring expenses expected in fiscal 2013	$ 737

Expenses by Business Segment for Restructuring Plans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2010
Component of Operating Other Cost and Expense [Line Items]
Provisions	$ 2,821	$ 231
Cash paid	(123)
Restructuring liability at end period	2,698
Severance
Component of Operating Other Cost and Expense [Line Items]
Provisions	2,515
Cash paid	(2)
Restructuring liability at end period	2,513
Other Members
Component of Operating Other Cost and Expense [Line Items]
Provisions	306
Cash paid	(121)
Restructuring liability at end period	185
ACS
Component of Operating Other Cost and Expense [Line Items]
Provisions	2,712
ACS \| Severance
Component of Operating Other Cost and Expense [Line Items]
Provisions	2,406
ACS \| Other Members
Component of Operating Other Cost and Expense [Line Items]
Provisions	306
MFS
Component of Operating Other Cost and Expense [Line Items]
Provisions	109
MFS \| Severance
Component of Operating Other Cost and Expense [Line Items]
Provisions	$ 109

- Definition

Carrying amount as of the balance sheet date of known and estimated obligations associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, which are expected to be paid in the next twelve months or in the normal operating cycle if longer. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, relocating employees, and costs associated with an ongoing benefit arrangement, but excludes costs associated with the retirement of a long-lived asset.

+ References + Details

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Defined Benefit Plan Disclosure [Line Items]
Company Contribution	$ 2,196	$ 1,762	$ 1,569
Maximum
Defined Benefit Plan Disclosure [Line Items]
Employee Contribution of eligible compensation	3.00%	3.00%	3.00%

Related Party Transaction - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Related Party Transaction [Line Items]
Non-Compete Agreements	$ 38,725	$ 26,545
Non-compete agreements
Related Party Transaction [Line Items]
Non-Compete Agreements	500	$ 500
James Bertelli
Related Party Transaction [Line Items]
Payment for Consulting Services	190
James Bertelli \| Non-compete agreements
Related Party Transaction [Line Items]
Non-Compete Agreements	$ 500
Amortization Period of Non-compete Agreement	5 years