Ubiquiti (UI) 10-Q5 Nov 212022 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Sep. 30, 2021	Nov. 03, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Focus	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-35300
Entity Registrant Name	UBIQUITI INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0097377
Entity Address, Address Line One	685 Third Avenue
Entity Address, Address Line Two	27th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	646
Local Phone Number	780-7958
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	UI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		62,461,733
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001511737
Current Fiscal Year End Date	--06-30

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Current assets:
Cash and cash equivalents	$ 265,930	$ 249,418
Investments — short-term	1,074	1,320
Accounts receivable, net of allowance for doubtful accounts of $_____ and $47 at September 30, 2021 and June 30, 2021, respectively	173,927	172,289
Inventories	261,590	233,767
Vendor deposits	38,682	20,013
Prepaid income taxes	3,754	51
Prepaid expenses and other current assets	35,377	17,298
Total current assets	780,334	694,156
Property and equipment, net	79,608	79,061
Operating lease right-of-use assets, net	61,657	40,011
Deferred tax assets — long-term	4,752	4,776
Investments — long-term	1,287	1,035
Other long-term assets	71,018	71,946
Total assets	998,656	890,985
Current liabilities:
Accounts payable	124,643	112,071
Taxes payable	40,010	14,496
Debt — short-term	23,865	23,865
Other current liabilities	134,415	125,980
Total current liabilities	322,933	276,412
Income taxes payable — long-term	95,911	104,022
Operating lease liabilities —long-term	53,274	32,258
Debt — long-term	460,929	467,030
Other long-term liabilities	7,637	8,564
Total liabilities	940,684	888,286
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock—$0.001 par value; 50,000,000 shares authorized; none issued	0	0
Common stock—$0.001 par value; 500,000,000 shares authorized: [___] and 69,472,568 outstanding as of December 31, 2019 and June 30, 2019, respectively	62	63
Additional paid–in capital	0	0
Accumulated other comprehensive income	0	1
Retained earnings equity	57,910	2,635
Total stockholders’ equity	57,972	2,699
Total liabilities and stockholders’ equity	$ 998,656	$ 890,985

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 54	$ 47
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares outstanding (in shares)	62,461,356	62,582,858

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenues	$ 458,914	$ 473,533
Cost of revenues	249,451	245,417
Gross profit	209,463	228,116
Operating expenses:
Research and development	32,051	25,813
Sales, general and administrative	15,714	12,350
Total operating expenses	47,765	38,163
Income from operations	161,698	189,953
Interest expense and other, net	(3,815)	(3,917)
Income before income taxes	157,883	186,036
Provision for income taxes	25,733	29,527
Net income	$ 132,150	$ 156,509
Net income per share of common stock:
Basic (in usd per share)	$ 2.11	$ 2.46
Diluted (in usd per share)	$ 2.11	$ 2.46
Weighted average shares used in computing net income per share of common stock:
Basic (in shares)	62,519	63,612
Diluted (in shares)	62,561	63,673
Other comprehensive income:
Unrealized losses on available-for-sale securities	$ (1)	$ (1)
Other Comprehensive loss	(1)	(1)
Comprehensive income	$ 132,149	$ 156,508

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Jun. 30, 2020		63,687,891
Beginning balance at Jun. 30, 2020	$ (295,458)	$ 64	$ 447	$ (295,978)	$ 9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	156,509			156,509
Other comprehensive income (loss)	(1)				(1)
Stock options exercised (in shares)		2,194
Stock options exercised	21		21
Restricted stock units issued, net of tax withholdings (in shares)		8,768
Restricted stock units issued, net of tax withholdings	(615)		(615)
Repurchases of Common Stock (in shares)		(602,003)
Repurchases of Common Stock	(97,588)	$ (1)	(593)	(96,994)
Stock-based compensation expense	740		740
Dividends Paid on Common Stock	(25,470)			(25,470)
Ending balance (in shares) at Sep. 30, 2020		63,096,850
Ending balance at Sep. 30, 2020	$ (261,862)	$ 63		(261,933)	8
Beginning balance (in shares) at Jun. 30, 2021	62,582,858	62,582,858
Beginning balance at Jun. 30, 2021	$ 2,699	$ 63		2,635	1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	132,150			132,150	0
Other comprehensive income (loss)	$ (1)				$ (1)
Stock options exercised (in shares)	1,605	1,605
Stock options exercised	$ 17		17
Restricted stock units issued, net of tax withholdings (in shares)		7,887
Restricted stock units issued, net of tax withholdings	(952)		(952)
Repurchases of Common Stock (in shares)		(130,994)
Repurchases of Common Stock	(39,252)	$ (1)	125	(39,376)
Stock-based compensation expense	810		$ 810
Dividends Paid on Common Stock	$ (37,499)			(37,499)
Ending balance (in shares) at Sep. 30, 2021	62,461,356	62,461,356
Ending balance at Sep. 30, 2021	$ 57,972	$ 62		$ 57,910

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash Flows from Operating Activities:
Net income	$ 132,150	$ 156,509
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,244	2,634
Amortization of debt issuance costs	332	464
Non-cash lease expense	609	64
Premium amortization and (discount accretion), net	12	2
Provision for inventory obsolescence	64	180
Provision for loss on vendor deposits and purchase commitments	2,252	2,553
Stock-based compensation	810	740
Provisions for doubtful accounts	7	8
Deferred taxes	23	420
Other, net	104	291
Changes in operating assets and liabilities:
Accounts receivable	(1,645)	(53,870)
Inventories	(27,588)	29,960
Vendor deposits	(20,333)	579
Prepaid income taxes	(3,703)	1
Prepaid expenses and other assets	(17,696)	(3,919)
Accounts payable	9,728	(86,562)
Income taxes payable	17,404	3,154
Deferred revenues	577	3,069
Accrued and other liabilities	4,587	60,684
Net cash provided by operating activities	100,938	116,961
Cash Flows from Investing Activities:
Purchase of property and equipment and other long-term assets	(2,971)	(2,836)
Advance of loan to third party	0	(2,497)
Purchase of investments	(569)	0
Proceeds from maturities of investments	550	422
Net cash provided by (used in) investing activities	(2,990)	(4,911)
Cash Flows from Financing Activities:
Repurchases of common stock	(36,752)	(83,926)
Payment of common stock cash dividends	(37,499)	(25,470)
Proceeds from exercise of stock options	0	21
Tax withholdings related to net share settlements of restricted stock units	(935)	(615)
Net cash (used in) financing activities	(81,436)	(126,240)
Net increase (decrease) in cash and cash equivalents	16,512	(14,190)
Cash and cash equivalents at beginning of period	249,418	142,617
Cash and cash equivalents at end of period	265,930	128,427
Term loan facility
Cash Flows from Financing Activities:
Repayments of debt	(6,250)	(6,250)
Revolving credit facility
Cash Flows from Financing Activities:
Repayments of debt	$ 0	$ (10,000)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Supplemental Disclosure of Cash Flow Information:
Income taxes paid, net of refunds	$ 11,964	$ 26,062
Interest paid	2,501	3,226
Non-Cash Investing and Financing Activities:
Right-of-use asset recognized	24,344	2,533
Unpaid stock repurchases	2,497	13,662
Unpaid property and equipment and other long-term assets	$ 580	$ 133

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2021	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 0.6	$ 0.4

BUSINESS AND BASIS OF PRESENTAT

BUSINESS AND BASIS OF PRESENTATION	3 Months Ended
BUSINESS AND BASIS OF PRESENTATION	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS AND BASIS OF PRESENTATION	BUSINESS AND BASIS OF PRESENTATION Business — Ubiquiti Inc. and its wholly owned subsidiaries (collectively, “Ubiquiti” or the “Company”) develop high performance networking technology for service providers, enterprises, and consumers globally. The Company operates on a fiscal year ending June 30. In this Quarterly Report, the fiscal year ending June 30, 2022 is referred to as “fiscal 2022” and the fiscal year ended June 30, 2021 is referred to as “fiscal 2021”. Basis of Presentation — The Company’s consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) related to interim financial statements based on applicable Securities and Exchange Commission (“SEC”) rules and regulations. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. These consolidated financial statements reflect all adjustments, which are, in the opinion of the Company, of a normal and recurring nature and those necessary to state fairly the statements of financial position, results of operations and cash flows for the dates and periods presented. The June 30, 2021 balance sheet was derived from the audited financial statements as of that date. All significant intercompany transactions and balances have been eliminated. These consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended June 30, 2021, included in its Annual Report on Form 10-K, as filed with the SEC on August 27, 2021 (the “Annual Report”). The results of operations for the three months ended September 30, 2021 are not necessarily indicative of the results to be expected for any future periods.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company’s significant accounting policies are disclosed in its audited consolidated financial statements for the year ended June 30, 2021, included in the Annual Report on Form 10-K. Except as noted below, there have been no other changes to the Company’s significant accounting policies as discussed in the Annual Report. Use of Accounting Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. Those estimated assumptions include, but are not limited to, revenue recognition and deferred revenue; allowance for doubtful accounts and sales return reserves; inventory valuation and vendor deposits; accounting for income taxes, including the valuation allowance on deferred tax assets and reserves for uncertain tax positions; determinations of fair value for stock-based awards; estimate of incremental borrowing rate for determining the present value of future lease payments; and valuation of warranty accruals. We evaluate our estimates and assumptions based on historical experience and other assumptions that are believed to be reasonable under the circumstances. Actual results could differ materially from those estimates. Recent Accounting Pronouncements Income Taxes In December 2019, the FASB issued Accounting Standards Update (ASU) No. 2019-12 Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes. The ASU removes certain exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods. The ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The ASU is effective for calendar year-end public business entities on January 1, 2021 and other entities on January 1, 2022. Entities may early adopt the ASU in any interim period for which financial statements have not yet been issued (or made available for issuance). The Company has adopted the new guidance effective July 1, 2021 with no impacts upon adoption.

REVENUES

REVENUES	3 Months Ended
REVENUES	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES Revenue is primarily generated from the sale of hardware as well as the related implied post contract services (“PCS”). Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Revenue is recognized when obligations under the terms of a contract with customers are satisfied; generally, this occurs with the transfer of control of the Company’s products and PCS to its customers. Transfer of control to the customer for products generally occurs at the point in time when products have been shipped to customers as this represents the point in time when the customer has a present obligation to pay and physical possession including title and risk of loss have been transferred to the customer. Revenue for PCS is recognized ratably over time over the estimated period for which implied PCS services will be delivered. Disaggregation of Revenue See Note 15 of Notes to Consolidated Financial Statements “Segment Information” for disaggregation of revenue by product category and geography. Contract Balances The timing of revenue recognition, billing and cash collections results in billed accounts receivable, deferred revenue primarily attributable to PCS and customer deposits on the Consolidated Balance Sheets. Accounts receivable are recognized in the period the Company’s right to the consideration is unconditional. Our contract liabilities consist of advance payments (Customer deposits) as well as billing in excess of revenue recognized primarily related to deferred revenue. We classify customer deposits as a current liability, and deferred revenue as a current or non-current liability based on the timing of when we expect to fulfill these remaining performance obligations. The current portion of deferred revenue is included in other current liabilities and the non-current portion is included in other long-term liabilities in our consolidated balance sheets. As of September 30, 2021 and June 30, 2021, the Company’s customer deposits were $1.4 million and $2.7 million, respectively. As of September 30, 2021, the Company’s deferred revenue, included in other current liabilities and other long-term liabilities, was $23.1 million and $7.6 million, respectively.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Sep. 30, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Pursuant to the accounting guidance for fair value measurements and its subsequent updates, fair value is defined as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The accounting guidance establishes a three-tier fair value hierarchy that requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of any input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value: Level 1 —Quoted prices in active markets for identical assets or liabilities; Level 2 —Inputs other than the quoted prices in active markets, that are observable either directly or indirectly; Level 3 —Unobservable inputs based on the Company’s own assumption. The Company records securities available-for-sale at fair value on a recurring basis. The Company classifies its investments within Level 1 or 2 because they are valued using either quoted market prices or inputs other than quoted prices which are directly or indirectly observable in the market, including readily-available pricing sources for the identical underlying security which may not be actively traded. The Company’s fixed income available-for-sale securities consist of high-quality investment grade securities from diverse issuers. The valuation techniques used to measure the fair value of the Company’s marketable securities incorporate bond terms and conditions, current performance data, proprietary pricing models, real time quotes from contributing dealers, trade prices and other market data. The Company held no Level 3 financial instruments as of September 30, 2021 and June 30, 2021. The following tables summarize the Company’s financial instruments’ adjusted cost, gross unrealized gains and losses, and fair value by significant investment category as of September 30, 2021 and June 30, 2021 (in thousands): September 30, 2021 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents (1) Short-Term Investments Long-Term Investments Level 1 Money market funds $ 80 $ — $ — $ 80 $ 80 $ — $ — Subtotal $ 80 $ — $ — $ 80 $ 80 $ — $ — Level 2 Corporate securities $ 2,358 $ 1 $ (1) $ 2,358 $ — $ 1,074 $ 1287 Subtotal $ 2,358 $ 1 $ (1) $ 2,358 $ — $ 1,074 $ 1,287 Total $ 2,438 $ 1 $ (1) $ 2,438 $ 80 $ 1,074 $ 1,287 ( 1) Cash and cash equivalents on the consolidated balance sheets includes securities that have a maturity of three months or less at the date of purchase. The carrying amount approximates fair value, primarily due to the short maturity of cash equivalent instruments. June 30, 2021 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents (1) Short-Term Investments Long-Term Investments Level 1 Money market funds $ 83 $ — $ — $ 83 $ 83 $ — $ — Subtotal $ 83 $ — $ — $ 83 $ 83 $ — $ — Level 2 Corporate securities $ 2,354 $ 1 $ — $ 2,355 $ — $ 1320 $ 1035 Subtotal $ 2,354 $ 1 $ — $ 2,355 $ — $ 1,320 $ 1,035 Total $ 2,437 $ 1 $ — $ 2,438 $ 83 $ 1,320 $ 1,035 (1) Cash and cash equivalents on the consolidated balance sheets includes securities that have a maturity of three months or less at the date of purchase. The carrying amount approximates fair value, primarily due to the short maturity of cash equivalent instruments. For the three months ended September 30, 2021 the Company did not recognize any material net gains or losses from accumulated other comprehensive income related to unrealized gains or losses. During the three months ended September 30, 2021, interest income on the Company’s investment securities was immaterial. During the three months ended September 30, 2020, interest income on our investment securities was immaterial. The following table represents the Company's marketable securities that had been in continuous unrealized loss position for less than 12 months and for 12 months or greater as of September 30, 2021 (in thousands): Continuous Unrealized Loss Less than 12 Months 12 Months or Greater Total Fair value of marketable securities $ 1,121 $ — $ 1,121 Unrealized loss (1) — (1) The Company had no continuous unrealized loss position from marketable securities as of June 30, 2021. The following table represents the adjusted costs and fair value of cash equivalents and investments by contractual maturity as of September 30, 2021 (in thousands): Available-For-Sale Adjusted Cost Fair Value Due within 1 year and money market funds $ 1,151 $ 1,151 Due after 1 year through 5 years 1,287 1,287 Total $ 2,438 $ 2,438 For certain of the Company’s financial instruments, other than those presented in the disclosures above, including cash, accounts receivable, accounts payable and other current liabilities, the carrying amounts approximate fair value due to their short maturities. As of September 30, 2021 and June 30, 2021, the Company had outstanding loans associated with its credit facilities, which are carried at historical cost. The fair value of the Company’s debt disclosed below was estimated based on the current rates offered to the Company for debt with similar terms and remaining maturities and was a Level 2 measurement. As of September 30, 2021 and June 30, 2021, the fair value of the Company’s debt, which is carried at historical cost was $487.5 million and $493.8 million, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Sep. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHAREThe following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data): Three Months Ended September 30, 2021 2020 Numerator: Net income $ 132,150 $ 156,509 Denominator: Weighted-average shares used in computing basic earnings per share 62,519 63,612 Add—dilutive potential common shares: Stock options 10 20 Restricted stock units 32 41 Weighted-average shares used in computing diluted net income per share 62,561 63,673 Net income per share of common stock: Basic $ 2.11 $ 2.46 Diluted $ 2.11 $ 2.46 The Company excludes potentially dilutive securities from its diluted net income per share calculation when their effect would be anti-dilutive to net income per share amounts.

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS	3 Months Ended
BALANCE SHEET COMPONENTS	Sep. 30, 2021
Balance Sheet Related Disclosures [Abstract]
BALANCE SHEET COMPONENTS	BALANCE SHEET COMPONENTS Inventories Inventories consisted of the following (in thousands): September 30, 2021 June 30, 2021 Finished goods $ 256,105 $ 228,514 Raw materials 5,485 5,253 Total $ 261,590 $ 233,767 Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): September 30, 2021 June 30, 2021 Testing equipment $ 15,546 $ 15,279 Tooling equipment 16,225 15,490 Leasehold improvements 17,098 15,071 Computer and other equipment 9,066 8,966 Software 8,114 7,842 Furniture and fixtures 2,527 2,529 Corporate aircraft 65,807 65,807 Property and equipment, gross 134,383 130,984 Less: Accumulated depreciation (54,775) (51,923) Property and equipment, net $ 79,608 $ 79,061 Other Long-term Assets Other long-term assets consisted of the following (in thousands): September 30, 2021 June 30, 2021 Hong Kong Tax deposit (1) 57,466 57,423 Intangible assets, net (2) 8,323 8,684 Other long-term assets, net 5,229 5,839 Total $ 71,018 $ 71,946 (1) . The Company expects the $57.5 million of deposits made with the IRD to be refunded upon completion of the audit. See Note 14 to the consolidated financial statements for additional details regarding this ongoing tax audit. (2) Accumulated amortization was $3.2 million and $2.8 million as of September 30, 2021 and June 30, 2021, respectively. Other Current Liabilities Other current liabilities consisted of the following (in thousands): September 30, 2021 June 30, 2021 Deferred revenue — short-term $ 23,120 21,617 Accrued expenses 21,869 21,702 Lease liability— current 10,388 9,149 Warranty accrual 5,181 4,812 Accrued compensation and benefits 5,491 5,273 Customer deposits 1,364 2,693 Reserve for sales returns 2,432 2,242 Inventory received not billed 58,200 55,548 Other payables 6,370 2,944 Total $ 134,415 $ 125,980 Other Long-Term Liabilities Other long-term liabilities consisted of the following (in thousands): September 30, 2021 June 30, 2021 Deferred Revenue — long-term $ 7,637 $ 8,564 Other long-term liabilities — — Total $ 7,637 $ 8,564

ACCRUED WARRANTY

ACCRUED WARRANTY	3 Months Ended
ACCRUED WARRANTY	Sep. 30, 2021
Product Warranties Disclosures [Abstract]
ACCRUED WARRANTY	ACCRUED WARRANTY The Company offers warranties on certain products, generally a period of one Warranty obligations, included in other current liabilities, were as follows (in thousands): Three Months Ended September 30, 2021 2020 Beginning balance $ 4,812 $ 4,538 Accruals for warranties issued during the period $ 2,054 2,142 Changes in liability for pre-existing warranties during the period $ 191 (585) Settlements made during the period $ (1,876) (1,611) Ending balance $ 5,181 $ 4,484

DEBT

DEBT	3 Months Ended
DEBT	Sep. 30, 2021
Debt Disclosure [Abstract]
DEBT	DEBT On March 30, 2021, the Company, as borrower and certain domestic subsidiaries entered into an amended and restated credit agreement (the “Third Amended and Restated Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), the other financial institutions named as lenders therein, and Wells Fargo as administrative agent and collateral agent for the lenders, that extended the $700 million senior secured revolving credit facility (the “Revolving Facility”) and provided a new $500 million senior secured term loan facility (the “Term Facility”, together with the Revolving Facility, the “Facilities”), and extended the maturity of the Facilities to March 30, 2026. In addition, the Facilities include an option to request increases in the amounts of such credit facilities by up to an additional $500 million in the aggregate. The Third Amended and Restated Credit Agreement replaced the Company's prior $700 million senior secured revolving facility (the “Prior Revolving Facility”) and $500 million senior secured term loan facility (the “Prior Term Facility”, together with the Prior Revolving Facility, the “Prior Facilities”) under the Second Amended & Restated Credit Agreement, dated as of January 17, 2018 (as amended by the First Amendment, dated as of June 29, 2018, the Second Amendment, dated as of March 15, and the Third Amendment, dated as of September 9, 2019, the “Prior Credit Agreement”). The Facilities replace the Company's Prior Facilities under the Prior Credit Agreement, which has been terminated in connection with the Third Amended and Restated Credit Agreement. At the closing of the Third Amended and Restated Credit Agreement, the Term facility was fully drawn, of which $462.5 million and $0.7 million was used to repay the Prior Term Facility under the Prior Credit Agreement for principal and interest, respectively. Additionally, at closing of the Third Amended and Restated Credit Agreement, $75.0 million and $0.4 million of the Prior Revolving Facility under the Prior Credit Agreement was repaid for principal and interest, respectively. The Company then borrowed $75.0 million under the Revolving Facility under the Third Amended and Restated Credit Agreement. The Company incurred $3.3 million of debt issuance costs which are capitalized and amortized as interest expense over the life of the facilities. The Company’s Debt consisted of the following (in thousands): September 30, 2021 June 30, 2021 Term Facility - short term $ 25,000 $ 25,000 Debt issuance costs, net (1,135) (1135) Total Debt - short term 23,865 23,865 Term Facility - long term 462,500 468,750 Debt issuance costs, net (1,571) (1,720) Total Debt - long term $ 460,929 $ 467,030 The Revolving Facility includes a sub-limit of $25.0 million for letters of credit and a sub-limit of $25.0 million for swingline loans. The Facilities are available for working capital and general corporate purposes that comply with the terms of the Third Amended and Restated Credit Agreement, including to finance the repurchase of the Company’s common stock or to make dividends to the holders of the Company’s common stock. Under the Third Amended and Restated Credit Agreement, revolving loans and swingline loans may be borrowed, repaid and reborrowed until March 30, 2026, at which time all amounts borrowed must be repaid. The term loan is payable in quarterly installments of 1.25% of the original principal amount of the term loan, commencing with the quarter ending June 30, 2021. Revolving, swingline and term loans may be prepaid at any time without penalty. Revolving and term loans bear interest, at the Company’s option, at either (i) a floating rate per annum equal to the base rate plus a margin of between 0.50% and 1.25%, depending on the Company’s consolidated total leverage ratio as of the most recently ended fiscal quarter or (ii) a floating per annum rate equal to the applicable LIBOR rate (or replacement rate) for a specified period, plus a margin of between 1.50% and 2.25%, depending on the Company’s consolidated total leverage ratio as of the most recently ended fiscal quarter. Swingline loans bear interest at a floating rate per annum equal to the base rate plus a margin of between 0.50% and 1.25%, depending on the Company’s consolidated total leverage ratio as of the most recently ended fiscal quarter. Base rate is defined as the greatest of (A) Wells Fargo’s prime rate, (B) the federal funds rate plus 0.50% or (C) the applicable LIBOR rate (or replacement rate) for a period of one month plus 1.00%. A default interest rate shall apply on all obligations during certain events of default under the Third Amended and Restated Credit Agreement at a rate per annum equal to 2.00% above the applicable interest rate. The Company will pay to each lender a facility fee on a quarterly basis based on the unused amount of each lender’s commitment to make revolving loans, of between 0.20% and 0.35%, depending on the Company’s consolidated total leverage ratio as of the most recently ended fiscal quarter. The Company will also pay to the applicable lenders on a quarterly basis certain fees based on the daily amount available to be drawn under each outstanding letter of credit, including aggregate letter of credit commissions of between 1.50% and 2.25%, depending on the Company’s consolidated total leverage ratio as of the most recently ended fiscal quarter, and issuance fees of 0.125% per annum. The Company is also obligated to pay Wells Fargo, as agent, fees customary for a credit facility of this size and type. The Third Amended and Restated Credit Agreement requires the Company to maintain during the term of the Facilities a maximum consolidated total leverage ratio of 3.50 to 1.00 and a minimum consolidated interest coverage ratio of 3.5 to 1.00. In addition, the Third Amended and Restated Credit Agreement contains customary affirmative and negative covenants, including covenants that limit or restrict the ability of the Company and its subsidiaries to, among other things, grant liens or enter into agreements restricting their ability to grant liens on property, enter into mergers, dispose of assets, change their accounting or reporting policies, change their business and incur indebtedness, in each case subject to customary exceptions for a credit facility of this size and type. The Third Amended and Restated Credit Agreement includes customary events of default that include, among other things, non-payment of principal, interest or fees, inaccuracy of representations and warranties, violation of covenants, cross default to certain other indebtedness, bankruptcy and insolvency events, material judgments, change of control and certain ERISA events. The occurrence of an event of default could result in the acceleration of the obligations under the Third Amended and Restated Credit Agreement. The Facilities As of September 30, 2021, $487.5 million was outstanding on the Term Facility and there was no outstanding balance on the Revolving Facility, leaving $700.0 million available on the Revolving Facility. Term Facility: During the three months ended September 30, 2021, the Company made aggregate payments of $8.3 million under the Term Facility, of which $6.3 million was repayment of principal and $2.0 million was payment of interest. As of September 30, 2021, the interest rate on the term loan was 1.58%. As of October 29, 2021, the most currently available reset date, the Term Facility has an interest rate of 1.58%. Revolving Facility: Under the Third Amended and Restated Credit Agreement, during the three months ended September 30, 2021, the Company did not make any aggregate payments under the Revolving Facility. The following table summarizes the Company’s estimated debt and interest payment obligations as of September 30, 2021, for the remainder of fiscal 2022 and future fiscal years (in thousands): 2022 (remainder) 2023 2024 2025 2026 Thereafter Total Debt payment obligations $ 18,750 $ 25,000 $ 25,000 $ 25,000 $ 393,750 $ — $ 487,500 Interest and other payments on debt payment obligations (1) 6,845 8,801 8,422 7,997 5,719 — 37,784 Total $ 25,595 $ 33,801 $ 33,422 $ 32,997 $ 399,469 $ — $ 525,284 (1) - Interest payments are calculated based on the applicable rates and payment dates as of September 30, 2021. Although the Company’s interest rates on our debt obligations may vary, the Company has assumed the most recent available interest rates for all periods presented.

LEASES

LEASES	3 Months Ended
LEASES	Sep. 30, 2021
Leases [Abstract]
LEASES	LEASES The Company enters into agreements under which it leases various real estate spaces in North America, Europe and Asia Pacific, under non-cancellable leases that expire on various dates through fiscal 2029. Some of the Company’s leases include options to extend the term of such leases for a period from 12 months to 60 months, and/or have options to early terminate the lease. As of September 30, 2021, the Company included such options in determining the lease terms for certain of the Company’s leases because the Company was reasonably certain that it would exercise the extension options. Most of the Company’s leases require it to pay certain operating expenses in addition to base rent, such as taxes, insurance and maintenance costs. The following table summarizes the Company’s lease costs for the three months ended September 30, 2021 and 2020 (in thousands): Financial Statement Classification Three Months Ended September 30, 2021 2020 Operating lease costs: Fixed lease costs Operating expenses $ 2,145 $ 1,801 Fixed lease costs Cost of revenues 1,145 509 Variable lease costs Operating expenses 144 203 Variable lease costs Cost of revenues 130 100 Total lease costs $ 3,564 $ 2,613 The operating lease costs in the table above include costs for long-term and short-term leases. Total short-term costs for three months ended September 30, 2021 and 2020 were immaterial. Variable lease costs primarily include maintenance, utilities and operating expenses that are incremental to the fixed base rent payments and are excluded from the calculation of operating lease liabilities and ROU assets. For the three months ended September 30, 2021 and 2020, cash paid for amounts associated with the Company’s operating lease liabilities were approximately $3.0 million and $2.8 million, respectively. Cash paid for amounts associated with the Company’s operating lease liabilities were classified as operating activities in the consolidated statement of cash flows. The following table shows the Company’s undiscounted future fixed payment obligations under the Company’s recognized operating leases and a reconciliation to the operating lease liabilities as of September 30, 2021: Remainder of Fiscal 2022 $ 8,838 Fiscal 2023 11,106 Fiscal 2024 10,714 Fiscal 2025 9,676 Fiscal 2026 6,889 Thereafter 21,981 Total future fixed operating lease payments $ 69,204 Less: Imputed interest $ 5,542 Total operating lease liabilities $ 63,662 Weighted-average remaining lease term - operating leases 8 years Weighted-average discount rate - operating leases 2.38 %

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating Leases See Note 9- Leases for future minimum lease payments under non-cancelable operating leases as of September 30, 2021. Purchase Obligations The Company subcontracts with third parties to manufacture its products and has purchase commitments with key component suppliers. During the normal course of business, the Company’s contract manufacturers procure components and manufacture products based upon orders placed by the Company. If the Company cancels all or part of the orders, the Company may still be liable to the contract manufacturers for the cost of the components purchased by the subcontractors to manufacture the Company's products. The Company periodically reviews the potential liability, and as of September 30, 2021, the Company recorded a purchase obligation liability of $7.8 million related to component purchase commitments. There have been no other significant liabilities for cancellations recorded as of September 30, 2021. The Company’s consolidated financial position and results of operations could be negatively impacted if it were required to compensate the contract manufacturers for any unrecorded liabilities incurred. The Company may be subject to additional purchase obligations for supply agreements and components ordered by its contract manufacturers based on manufacturing forecasts it provides them each month. The Company estimates the amount of these additional purchase obligations to range from $176.9 million to $919.4 million as of September 30, 2021, depending upon the timing of orders placed for these components by its contract manufacturers. Other Obligations As of September 30, 2021, the Company has other obligations of $2.7 million which consisted primarily of commitments related to raw materials and research and development projects. Indemnification Obligations The Company enters into standard indemnification agreements with many of its business partners in the ordinary course of business. These agreements include provisions for indemnifying the business partner against any claim brought by a third-party to the extent any such claim alleges that a Company product infringes a patent, copyright or trademark, or violates any other proprietary rights of that third-party. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is not estimable and the Company has not incurred any material costs to defend lawsuits or settle claims related to these indemnification agreements to date. Legal Matters The Company may be involved, from time to time, in a variety of claims, lawsuits, investigations, and proceedings relating to contractual disputes, intellectual property rights, employment matters, regulatory compliance matters and other litigation matters relating to various claims that arise in the normal course of business. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. The Company assesses its potential liability by analyzing specific litigation and regulatory matters using available information. The Company develops its views on estimated losses in consultation with inside and outside counsel, which involves a subjective analysis of potential results and outcomes, assuming various combinations of appropriate litigation and settlement strategies. Taking all of the above factors into account, the Company records an amount where it is probable that the Company will incur a loss and where that loss can be reasonably estimated. However, the Company’s estimates may be incorrect and the Company could ultimately incur more or less than the amounts initially recorded. The Company may also incur significant legal fees, which are expensed as incurred, in defending against these claims. The Company is not currently aware of any pending or threatened litigation that would have a material adverse effect on the Company’s financial statements. Vivato/XR On April 19, 2017, XR Communications, LLC, d/b/a Vivato Technologies (“Vivato”), filed a complaint against the Company in the United States District Court for the Central District of California, alleging that at least one of the Company’s products infringes United States Patent Numbers 7,062,296 (the “‘296 Patent”), 7,729,728 (the “‘728 Patent”), and 6,611,231 (the “‘231 Patent” and, collectively, the “Patents-in-Suit”). Vivato has also filed nine other lawsuits asserting the same patents against other defendants in the Central District of California. On October 2, 2017, the ten cases were consolidated into a single action for all purposes except trial (the "Original Action"). According to the operative Second Amended Complaint filed on July 6, 2017, the products accused of infringing the Patents-in-Suit include Wi-Fi access points and routers supporting MU-MIMO, including without limitation access points and routers utilizing the IEEE 802.11ac-2013 standard. On March 19, 2018, the Company and the remaining defendants in the Original Action moved to stay the case pending completion of certain inter partes review proceedings before the Patent Trial and Appeal Board. On April 11, 2018, the Court stayed the Original Action. The Patent Trial and Appeal Board, in the aforementioned series of inter partes review proceedings, invalidated two of the three Patents-in-Suit, but it rejected the challenge to the ‘231 Patent. That decision was appealed, and on November 25, 2020, the Federal Circuit Court of Appeals affirmed the Patent Trial and Appeal Board decision. Following the Federal Circuit's affirmance, the District Court lifted the stay on March 1, 2021 to resume proceedings on the '231 Patent in the Original Action. On June 16, 2021, Vivato filed a new suit against the Company in the Central District of California, alleging that various Company products infringe some of the non-invalidated claims of the ’728 Patent and U.S. Patent No. 10,594,376 (the “New Action”). According to the New Action, the products accused of infringing these patents include Wi-Fi access points and routers supporting MU-MIMO, including without limitation access points and routers utilizing the 802.11ac and 802.11ax protocols. The New Action, as well as four similar new lawsuits filed by Vivato against other defendants in the same jurisdiction, were consolidated into the Original Action. The Company’s response to the New Action was filed on August 11, 2021. Trial is currently scheduled for October 11, 2022. The Company plans to vigorously defend itself against these claims; however, there can be no assurance that the Company will prevail in the lawsuit. The Company cannot currently estimate the possible loss or range of losses, if any, that it may experience in connection with this litigation. In re Ubiquiti Inc. Securities Litigation (SDNY) On May 19, 2021, a purported class action, captioned Nils Molder, Individually and On Behalf of All Others Similarly Situated v. Ubiquiti Inc. et al., No. 1:21-cv-04520 (the “Securities Action”), was filed in the United States District Court for the Southern District of New York against the Company and certain of its officers. The Securities Action complaint alleges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making false and/or misleading statements, including purported failure to disclose material facts about a data breach experienced by the Company in January 2021. On July 30, 2021, the Court appointed a lead plaintiff and lead plaintiff’s counsel and ordered the lead plaintiff to file an amended complaint on or before September 24, 2021. The case is now captioned In re Ubiquiti Inc. Securities Litigation, 21 Civ. 4520 (DLC). Plaintiff filed an amended complaint on September 24, 2021. Defendants moved to dismiss the amended complaint on October 22, 2021. On October 29, 2021, Plaintiff informed the Court that she intends to further amend the complaint and plans to do so on or before November 12, 2021. The Company plans to vigorously defend itself against these claims; however, there can be no assurance that the Company will prevail in the lawsuit. The Company cannot currently estimate the possible loss or range of losses, if any, that it may experience in connection with this litigation. Flannery v. Ubiquiti Inc. On October 21, 2021, a purported stockholder of the Company filed an action captioned Flannery v. Ubiquiti Inc., C.A. No. 2021-0913-PAF (the “Books and Records Action”) in the Court of Chancery of the State of Delaware seeking to inspect certain books and records of the Company pursuant to 8 Delaware Code Section 220. The Books and Records Action complaint seeks to inspect, without limitation, books and records concerning the data breach experienced by the Company in January 2021, as well as related statements, disclosures, policies, procedures, and practices. Ubiquiti’s response to the complaint is due on November 12, 2021.

COMMON STOCK AND TREASURY STOCK

COMMON STOCK AND TREASURY STOCK	3 Months Ended
COMMON STOCK AND TREASURY STOCK	Sep. 30, 2021
Equity [Abstract]
COMMON STOCK AND TREASURY STOCK	COMMON STOCK AND TREASURY STOCKCommon Stock Repurchases On May 5, 2020, the Company's Board of Directors approved a $500 million stock repurchase program (the “2020 May Program”). Under the 2020 May Program, the Company may repurchase up to $500 million of its common stock. The 2020 May Program expires on March 31, 2022. During the three months ended September 30, 2021, under the 2020 May Program, the Company repurchased and retired 130,994 shares of common stock at an average price per share of $299.64 for an aggregate amount of $39.3 million. As of September 30, 2021, the Company had $278.9 million available for share repurchases under the 2020 May Program. The following table provides information with respect to the Company’s Share Repurchase programs and the activity under the available share repurchase programs during the three months ended September 30, 2021 (in millions, except share and per share amounts): Date of Publicly Announced Program Amount of Publicly Announced Program Total Number of Shares Purchased as Part of Publicly Announced Programs Average Price Paid per Share Total Aggregate Amount Paid Period of Purchases Estimated Remaining Balance Available for Share Repurchases under the Program Expiration date of Program May 8, 2020 $500 million 130,994 $ 299.64 $ 221.1 July 7, 2021 - September 30, 2021 $ 278.9 3/31/2022

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	ACCUMULATED OTHER COMPREHENSIVE INCOMEComprehensive income consists of two components, net income and other comprehensive income. Other comprehensive income refers to unrealized gains and losses that are recorded as an element of stockholders’ equity but are excluded from net income pursuant to GAAP. For the three months ended September 30, 2021 and 2020, the Company’s accumulated other comprehensive income includes net unrealized gains and losses from the Company’s available-for-sale securities, respectively.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	3 Months Ended
STOCK BASED COMPENSATION	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
STOCK BASED COMPENSATION	STOCK BASED COMPENSATION Stock-Based Compensation Plans The Company’s 2020, 2010 and 2005 Equity Incentive Plan are described in the Company’s Annual Report. As of September 30, 2021, the Company had 4,986,685 authorized shares available for future issuance under all of its stock incentive plans. Stock-Based Compensation The following table shows total stock-based compensation expense included in the Consolidated Statements of Operations and Comprehensive Income for the three months ended September 30, 2021 and 2020 (in thousands): Three Months Ended September 30, 2021 2020 Cost of revenues $ 22 $ 28 Research and development 570 510 Sales, general and administrative 218 202 $ 810 $ 740 Stock Options The following is a summary of option activity for the Company’s stock incentive plans for the three months ended September 30, 2021: Common Stock Options Outstanding Number Weighted Weighted Aggregate Balance, June 30, 2021 10,525 $ 11.51 1.29 $ 3,165 Exercised (1,605) $ 10.83 Forfeitures and cancellations Balance, September 30, 2021 8,920 $ 11.64 1.02 $ 2,560 Vested as of September 30, 2021 8,920 $ 11.64 1.02 $ 2,560 Vested and exercisable as of September 30, 2021 8,920 $ 11.64 1.02 $ 2,560 During the three months ended September 30, 2021 and 2020, the aggregate intrinsic value of options exercised under the Company’s stock incentive plans was $0.5 million and $0.3 million, respectively, as determined as of the date of option exercise. As of September 30, 2021, the Company had no unrecognized compensation costs related to stock options. The Company did not grant any employee stock options during the three months ended September 30, 2021 and 2020. Restricted Stock Units (“RSUs”) The following table summarizes the activity of the RSUs made by the Company: Number of Shares Weighted Average Grant Date Fair Value Per Share Non-vested RSUs, June 30, 2021 61,533 $ 143.28 RSUs granted 3,105 $ 312.55 RSUs vested (10,950) $ 93.41 RSUs canceled (749) $ 167.99 Non-vested RSUs, September 30, 2021 52,939 $ 163.17 The intrinsic value of RSUs vested in the three months ended September 30, 2021 and 2020 was $3.4 million and $2.1 million, respectively. The total intrinsic value of all outstanding RSUs was $15.8 million as of September 30, 2021. As of September 30, 2021, there were unrecognized compensation costs related to RSUs of $5.9 million which the Company expects to recognize over a weighted average period of 3.0 years.

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Sep. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company recorded tax provisions of $25.7 million for the three months ended September 30, 2021 as compared to $29.5 million for the three months ended September 30, 2020. The decrease is primarily related to a decrease in profit before tax for the three months ended September 30, 2021. The Company’s estimated fiscal year 2022 effective tax rate, before discrete items, differs from the U.S. statutory rate primarily due to profits earned in jurisdictions where the tax rate is lower than the U.S. tax rate, partially offset by additional US tax related to our non-US operations under Global Intangible Low-Taxes Income (GILTI) provision. As of September 30, 2021, the Company had approximately $33.3 million of unrecognized tax benefits, substantially all of which would, if recognized, affect its tax expense. During the three months ended September 30, 2021, the Company recorded an increase of its unrecognized tax benefits of $1.2 million. The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying Consolidated Statement of Operations and Comprehensive Income. Accrued interest and penalties are included within the related tax liability line in the Consolidated Balance Sheets. As of September 30, 2021, the Company had $3.8 million accrued interest related to uncertain tax matters. The Company and one or more of its subsidiaries, files income tax returns in the United States federal jurisdiction, and various state, local, and foreign jurisdictions and is currently undergoing income tax examinations by the U.S. Internal Revenue Service and the Hong Kong IRD. All material consolidated federal, state and local income tax matters have been concluded for years through 2014. The majority of the Company’s foreign jurisdictions have been concluded through 2014, with the exception of Hong Kong which has been reviewed through 2009 and is currently under audit for the 2010-2016 tax years. During fiscal years 2020, 2019, and 2018, the Company made a total of $15.5 million, $13.4 million, and $6.6 million of deposits with the Hong Kong IRD in connection with extending the statute of limitation for income tax examinations currently under audit for 2010-2015 tax years. On December 30, 2020, the Company received notification that the Hong Kong IRD is seeking an additional $67.8 million deposit covering the 2015 tax year. The Company has filed a formal protest in response to this notice and the Assessor's office agreed to a reduced deposit of $22.0 million which was remitted on March 26, 2021. The refundable deposits are included within other long-term assets on our Consolidated Balance Sheets. The IRD is examining the Company’s claims that its revenue is generated through activities performed wholly outside of the Hong Kong tax jurisdiction and are therefore exempt from Hong Kong tax. The Company is fully cooperating with the examination including submitting documentation in support of its position. The Company continues to believe that its tax positions filed with IRD are more likely than not to be sustained based on their technical merits and therefore no reserve has been provided for this tax uncertainty and we expect the $57.5 million of deposits made with IRD to be refunded upon completion of the audit. However, there can be no assurance that this matter will be resolved in the Company’s favor and therefore it's possible that an adverse outcome of the matter could have a material effect on the Company’s results of operations and financial condition. In July 2018, the Company received a draft Notice of Proposed Adjustment (“Draft NOPA”) from the Internal Revenue Service (“IRS”) proposing an adjustment to income for the fiscal 2015 and fiscal 2016 tax years based on its interpretation of certain obligations of the non-US entities under the credit facility. This Draft NOPA was superseded by an Acknowledgement of Facts (“AOF”) issued to the Company by the IRS on January 17, 2020. The IRS in its AOF continued to propose an adjustment to the

SEGMENT INFORMATION, REVENUES B

SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS	3 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS	SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS Management has determined that the Company operates as one reportable and operating segment as it only reports financial information on an aggregate and consolidated basis to its Chief Executive Officer, who is the Company’s Chief Operating Decision Maker. Furthermore, the Company does not organize or report its costs on a segment basis. The Company presents its revenues by product type in two primary categories: Service Provider Technology and Enterprise Technology. Revenues by product type are as follows (in thousands, except percentages): Three Months Ended September 30, 2021 2020 Service Provider Technology $ 112,141 24 % $ 157,461 33 % Enterprise technology 346,773 76 % 316,072 67 % Total revenues $ 458,914 100 % $ 473,533 100 % Revenues by geography based on customer’s ship-to destinations were as follows (in thousands, except percentages): Three Months Ended September 30, 2021 2020 North America (1) $ 209,073 46 % $ 220,880 47 % Europe, the Middle East and Africa ("EMEA") 172,643 38 % 179,180 38 % Asia Pacific 42,939 9 % 41,945 9 % South America 34,259 7 % 31,528 6 % Total revenues $ 458,914 100 % $ 473,533 100 % (1) Revenue for the United States was $190.6 million and $209.8 million for the three months ended September 30, 2021 and 2020, respectively. Customers with an accounts receivable balance of 10% or greater of total accounts receivable and customers with net revenues of 10% or greater of total revenues are presented below for the periods indicated: Percentage of Revenues Percentage of Accounts Receivable Three Months Ended September 30, September 30, June 30, 2021 2020 2021 2021 Customer A * * * * Customer B * 12% * *

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Stock Repurchases Between October 1, 2021 and November 4, 2021, the Company repurchased and retired 30,937 shares of common stock at an average price of $299.94 for an aggregate amount of $9.2 million. As of November 4, 2021, the Company had $269.6 million available for share repurchases under the 2020 May Program. Dividends On November 3, 2021, the Company's Board of Directors had approved a quarterly cash dividend of $0.60 per share payable on November 22, 2021 to shareholders of record at the close of business on November 15, 2021. Any future dividends will be subject to the approval of the Company’s Board of Directors.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation — The Company’s consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) related to interim financial statements based on applicable Securities and Exchange Commission (“SEC”) rules and regulations. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. These consolidated financial statements reflect all adjustments, which are, in the opinion of the Company, of a normal and recurring nature and those necessary to state fairly the statements of financial position, results of operations and cash flows for the dates and periods presented. The June 30, 2021 balance sheet was derived from the audited financial statements as of that date. All significant intercompany transactions and balances have been eliminated. These consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the fiscal year ended June 30, 2021, included in its Annual Report on Form 10-K, as filed with the SEC on August 27, 2021 (the “Annual Report”). The results of operations for the three months ended September 30, 2021 are not necessarily indicative of the results to be expected for any future periods.
Use of Accounting Estimates	Use of Accounting EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. Those estimated assumptions include, but are not limited to, revenue recognition and deferred revenue; allowance for doubtful accounts and sales return reserves; inventory valuation and vendor deposits; accounting for income taxes, including the valuation allowance on deferred tax assets and reserves for uncertain tax positions; determinations of fair value for stock-based awards; estimate of incremental borrowing rate for determining the present value of future lease payments; and valuation of warranty accruals. We evaluate our estimates and assumptions based on historical experience and other assumptions that are believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.
Recently Adopted Accounting Pronouncements	Recent Accounting Pronouncements Income Taxes In December 2019, the FASB issued Accounting Standards Update (ASU) No. 2019-12 Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes. The ASU removes certain exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods. The ASU also adds guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The ASU is effective for calendar year-end public business entities on January 1, 2021 and other entities on January 1, 2022. Entities may early adopt the ASU in any interim period for which financial statements have not yet been issued (or made available for issuance). The Company has adopted the new guidance effective July 1, 2021 with no impacts upon adoption.
Revenues	Revenue is primarily generated from the sale of hardware as well as the related implied post contract services (“PCS”). Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Revenue is recognized when obligations under the terms of a contract with customers are satisfied; generally, this occurs with the transfer of control of the Company’s products and PCS to its customers. Transfer of control to the customer for products generally occurs at the point in time when products have been shipped to customers as this represents the point in time when the customer has a present obligation to pay and physical possession including title and risk of loss have been transferred to the customer. Revenue for PCS is recognized ratably over time over the estimated period for which implied PCS services will be delivered. Disaggregation of Revenue See Note 15 of Notes to Consolidated Financial Statements “Segment Information” for disaggregation of revenue by product category and geography. Contract Balances The timing of revenue recognition, billing and cash collections results in billed accounts receivable, deferred revenue primarily attributable to PCS and customer deposits on the Consolidated Balance Sheets. Accounts receivable are recognized in the period the Company’s right to the consideration is unconditional. Our contract liabilities consist of advance payments (Customer deposits) as well as billing in excess of revenue recognized primarily related to deferred revenue. We classify customer deposits as a current liability, and deferred revenue as a current or non-current liability based on the timing of when we expect to fulfill these remaining performance obligations. The current portion of deferred revenue is included in other current liabilities and the non-current portion is included in other long-term liabilities in our consolidated balance sheets.
Accrued Warranty	The Company offers warranties on certain products, generally a period of one

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Financial instruments' amortized cost, gross unrealized gains and losses, and fair value	The following tables summarize the Company’s financial instruments’ adjusted cost, gross unrealized gains and losses, and fair value by significant investment category as of September 30, 2021 and June 30, 2021 (in thousands): September 30, 2021 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents (1) Short-Term Investments Long-Term Investments Level 1 Money market funds $ 80 $ — $ — $ 80 $ 80 $ — $ — Subtotal $ 80 $ — $ — $ 80 $ 80 $ — $ — Level 2 Corporate securities $ 2,358 $ 1 $ (1) $ 2,358 $ — $ 1,074 $ 1287 Subtotal $ 2,358 $ 1 $ (1) $ 2,358 $ — $ 1,074 $ 1,287 Total $ 2,438 $ 1 $ (1) $ 2,438 $ 80 $ 1,074 $ 1,287 ( 1) Cash and cash equivalents on the consolidated balance sheets includes securities that have a maturity of three months or less at the date of purchase. The carrying amount approximates fair value, primarily due to the short maturity of cash equivalent instruments. June 30, 2021 Adjusted Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Cash and Cash Equivalents (1) Short-Term Investments Long-Term Investments Level 1 Money market funds $ 83 $ — $ — $ 83 $ 83 $ — $ — Subtotal $ 83 $ — $ — $ 83 $ 83 $ — $ — Level 2 Corporate securities $ 2,354 $ 1 $ — $ 2,355 $ — $ 1320 $ 1035 Subtotal $ 2,354 $ 1 $ — $ 2,355 $ — $ 1,320 $ 1,035 Total $ 2,437 $ 1 $ — $ 2,438 $ 83 $ 1,320 $ 1,035 (1) Cash and cash equivalents on the consolidated balance sheets includes securities that have a maturity of three months or less at the date of purchase. The carrying amount approximates fair value, primarily due to the short maturity of cash equivalent instruments.
Marketable securities in continuous unrealized loss position	The following table represents the Company's marketable securities that had been in continuous unrealized loss position for less than 12 months and for 12 months or greater as of September 30, 2021 (in thousands): Continuous Unrealized Loss Less than 12 Months 12 Months or Greater Total Fair value of marketable securities $ 1,121 $ — $ 1,121 Unrealized loss (1) — (1)
Amortized costs and fair value of investment securities by contractual maturity	The following table represents the adjusted costs and fair value of cash equivalents and investments by contractual maturity as of September 30, 2021 (in thousands): Available-For-Sale Adjusted Cost Fair Value Due within 1 year and money market funds $ 1,151 $ 1,151 Due after 1 year through 5 years 1,287 1,287 Total $ 2,438 $ 2,438

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Sep. 30, 2021
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per share	The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data): Three Months Ended September 30, 2021 2020 Numerator: Net income $ 132,150 $ 156,509 Denominator: Weighted-average shares used in computing basic earnings per share 62,519 63,612 Add—dilutive potential common shares: Stock options 10 20 Restricted stock units 32 41 Weighted-average shares used in computing diluted net income per share 62,561 63,673 Net income per share of common stock: Basic $ 2.11 $ 2.46 Diluted $ 2.11 $ 2.46

BALANCE SHEET COMPONENTS (Table

BALANCE SHEET COMPONENTS (Tables)	3 Months Ended
BALANCE SHEET COMPONENTS (Tables)	Sep. 30, 2021
Balance Sheet Related Disclosures [Abstract]
Inventories	Inventories consisted of the following (in thousands): September 30, 2021 June 30, 2021 Finished goods $ 256,105 $ 228,514 Raw materials 5,485 5,253 Total $ 261,590 $ 233,767
Property and equipment, net	Property and equipment, net consisted of the following (in thousands): September 30, 2021 June 30, 2021 Testing equipment $ 15,546 $ 15,279 Tooling equipment 16,225 15,490 Leasehold improvements 17,098 15,071 Computer and other equipment 9,066 8,966 Software 8,114 7,842 Furniture and fixtures 2,527 2,529 Corporate aircraft 65,807 65,807 Property and equipment, gross 134,383 130,984 Less: Accumulated depreciation (54,775) (51,923) Property and equipment, net $ 79,608 $ 79,061
Other long-term assets	Other long-term assets consisted of the following (in thousands): September 30, 2021 June 30, 2021 Hong Kong Tax deposit (1) 57,466 57,423 Intangible assets, net (2) 8,323 8,684 Other long-term assets, net 5,229 5,839 Total $ 71,018 $ 71,946 (1) . The Company expects the $57.5 million of deposits made with the IRD to be refunded upon completion of the audit. See Note 14 to the consolidated financial statements for additional details regarding this ongoing tax audit. (2) Accumulated amortization was $3.2 million and $2.8 million as of September 30, 2021 and June 30, 2021, respectively.
Other current liabilities	Other current liabilities consisted of the following (in thousands): September 30, 2021 June 30, 2021 Deferred revenue — short-term $ 23,120 21,617 Accrued expenses 21,869 21,702 Lease liability— current 10,388 9,149 Warranty accrual 5,181 4,812 Accrued compensation and benefits 5,491 5,273 Customer deposits 1,364 2,693 Reserve for sales returns 2,432 2,242 Inventory received not billed 58,200 55,548 Other payables 6,370 2,944 Total $ 134,415 $ 125,980
Other long-term liabilities	Other long-term liabilities consisted of the following (in thousands): September 30, 2021 June 30, 2021 Deferred Revenue — long-term $ 7,637 $ 8,564 Other long-term liabilities — — Total $ 7,637 $ 8,564

ACCRUED WARRANTY (Tables)

ACCRUED WARRANTY (Tables)	3 Months Ended
ACCRUED WARRANTY (Tables)	Sep. 30, 2021
Product Warranties Disclosures [Abstract]
Warranty obligations	Warranty obligations, included in other current liabilities, were as follows (in thousands): Three Months Ended September 30, 2021 2020 Beginning balance $ 4,812 $ 4,538 Accruals for warranties issued during the period $ 2,054 2,142 Changes in liability for pre-existing warranties during the period $ 191 (585) Settlements made during the period $ (1,876) (1,611) Ending balance $ 5,181 $ 4,484

DEBT (Tables)

DEBT (Tables)	3 Months Ended
DEBT (Tables)	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of debt	The Company’s Debt consisted of the following (in thousands): September 30, 2021 June 30, 2021 Term Facility - short term $ 25,000 $ 25,000 Debt issuance costs, net (1,135) (1135) Total Debt - short term 23,865 23,865 Term Facility - long term 462,500 468,750 Debt issuance costs, net (1,571) (1,720) Total Debt - long term $ 460,929 $ 467,030
Schedule of estimated debt and interest payment obligations	The following table summarizes the Company’s estimated debt and interest payment obligations as of September 30, 2021, for the remainder of fiscal 2022 and future fiscal years (in thousands): 2022 (remainder) 2023 2024 2025 2026 Thereafter Total Debt payment obligations $ 18,750 $ 25,000 $ 25,000 $ 25,000 $ 393,750 $ — $ 487,500 Interest and other payments on debt payment obligations (1) 6,845 8,801 8,422 7,997 5,719 — 37,784 Total $ 25,595 $ 33,801 $ 33,422 $ 32,997 $ 399,469 $ — $ 525,284 (1) - Interest payments are calculated based on the applicable rates and payment dates as of September 30, 2021. Although the Company’s interest rates on our debt obligations may vary, the Company has assumed the most recent available interest rates for all periods presented.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
LEASES (Tables)	Sep. 30, 2021
Leases [Abstract]
Lease costs	The following table summarizes the Company’s lease costs for the three months ended September 30, 2021 and 2020 (in thousands): Financial Statement Classification Three Months Ended September 30, 2021 2020 Operating lease costs: Fixed lease costs Operating expenses $ 2,145 $ 1,801 Fixed lease costs Cost of revenues 1,145 509 Variable lease costs Operating expenses 144 203 Variable lease costs Cost of revenues 130 100 Total lease costs $ 3,564 $ 2,613
Undiscounted future fixed payment obligations under recognized operating leases and reconciliation of operating lease liabilities	The following table shows the Company’s undiscounted future fixed payment obligations under the Company’s recognized operating leases and a reconciliation to the operating lease liabilities as of September 30, 2021: Remainder of Fiscal 2022 $ 8,838 Fiscal 2023 11,106 Fiscal 2024 10,714 Fiscal 2025 9,676 Fiscal 2026 6,889 Thereafter 21,981 Total future fixed operating lease payments $ 69,204 Less: Imputed interest $ 5,542 Total operating lease liabilities $ 63,662 Weighted-average remaining lease term - operating leases 8 years Weighted-average discount rate - operating leases 2.38 %

COMMON STOCK AND TREASURY STO_2

COMMON STOCK AND TREASURY STOCK (Tables)	3 Months Ended
COMMON STOCK AND TREASURY STOCK (Tables)	Sep. 30, 2021
Equity [Abstract]
Share repurchase programs and activity under available share repurchase programs	The following table provides information with respect to the Company’s Share Repurchase programs and the activity under the available share repurchase programs during the three months ended September 30, 2021 (in millions, except share and per share amounts): Date of Publicly Announced Program Amount of Publicly Announced Program Total Number of Shares Purchased as Part of Publicly Announced Programs Average Price Paid per Share Total Aggregate Amount Paid Period of Purchases Estimated Remaining Balance Available for Share Repurchases under the Program Expiration date of Program May 8, 2020 $500 million 130,994 $ 299.64 $ 221.1 July 7, 2021 - September 30, 2021 $ 278.9 3/31/2022

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	3 Months Ended
STOCK BASED COMPENSATION (Tables)	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-based compensation expense	The following table shows total stock-based compensation expense included in the Consolidated Statements of Operations and Comprehensive Income for the three months ended September 30, 2021 and 2020 (in thousands): Three Months Ended September 30, 2021 2020 Cost of revenues $ 22 $ 28 Research and development 570 510 Sales, general and administrative 218 202 $ 810 $ 740
Summary of option activity for the company's stock incentive plans	The following is a summary of option activity for the Company’s stock incentive plans for the three months ended September 30, 2021: Common Stock Options Outstanding Number Weighted Weighted Aggregate Balance, June 30, 2021 10,525 $ 11.51 1.29 $ 3,165 Exercised (1,605) $ 10.83 Forfeitures and cancellations Balance, September 30, 2021 8,920 $ 11.64 1.02 $ 2,560 Vested as of September 30, 2021 8,920 $ 11.64 1.02 $ 2,560 Vested and exercisable as of September 30, 2021 8,920 $ 11.64 1.02 $ 2,560
Activity of RSUs	The following table summarizes the activity of the RSUs made by the Company: Number of Shares Weighted Average Grant Date Fair Value Per Share Non-vested RSUs, June 30, 2021 61,533 $ 143.28 RSUs granted 3,105 $ 312.55 RSUs vested (10,950) $ 93.41 RSUs canceled (749) $ 167.99 Non-vested RSUs, September 30, 2021 52,939 $ 163.17

SEGMENT INFORMATION, REVENUES_2

SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS (Tables)	3 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Revenues by product	Revenues by product type are as follows (in thousands, except percentages): Three Months Ended September 30, 2021 2020 Service Provider Technology $ 112,141 24 % $ 157,461 33 % Enterprise technology 346,773 76 % 316,072 67 % Total revenues $ 458,914 100 % $ 473,533 100 %
Revenues by geography	Revenues by geography based on customer’s ship-to destinations were as follows (in thousands, except percentages): Three Months Ended September 30, 2021 2020 North America (1) $ 209,073 46 % $ 220,880 47 % Europe, the Middle East and Africa ("EMEA") 172,643 38 % 179,180 38 % Asia Pacific 42,939 9 % 41,945 9 % South America 34,259 7 % 31,528 6 % Total revenues $ 458,914 100 % $ 473,533 100 % (1) Revenue for the United States was $190.6 million and $209.8 million for the three months ended September 30, 2021 and 2020, respectively.
Percentage of revenue and accounts receivable	Customers with an accounts receivable balance of 10% or greater of total accounts receivable and customers with net revenues of 10% or greater of total revenues are presented below for the periods indicated: Percentage of Revenues Percentage of Accounts Receivable Three Months Ended September 30, September 30, June 30, 2021 2020 2021 2021 Customer A * * * * Customer B * 12% * *

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Customer deposits	$ 1,364	$ 2,693
Deferred revenue, current	23,120	21,617
Deferred revenue, noncurrent	$ 7,637	$ 8,564

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Marketable Securities [Line Items]
Adjusted Cost	$ 2,438
Available-for-sale, fair value, total	2,438
Level 3
Marketable Securities [Line Items]
Adjusted Cost	0	$ 0
Fair value, measurements, recurring
Marketable Securities [Line Items]
Adjusted Cost	2,438	2,437
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(1)	0
Available-for-sale, fair value, total	2,438	2,438
Cash and Cash Equivalents	80	83
Short-Term Investments	1,074	1,320
Long-Term Investments	1,287	1,035
Fair value, measurements, recurring \| Level 1
Marketable Securities [Line Items]
Adjusted Cost	80	83
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Available-for-sale, fair value, total	80	83
Cash and Cash Equivalents	80	83
Short-Term Investments	0	0
Long-Term Investments	0	0
Fair value, measurements, recurring \| Level 2
Marketable Securities [Line Items]
Adjusted Cost	2,358	2,354
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(1)	0
Available-for-sale, fair value, total	2,358	2,355
Cash and Cash Equivalents	0	0
Short-Term Investments	1,074	1,320
Long-Term Investments	1,287	1,035
Fair value, measurements, recurring \| Money market funds \| Level 1
Marketable Securities [Line Items]
Adjusted Cost	80	83
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Available-for-sale, fair value, total	80	83
Cash and Cash Equivalents	80	83
Short-Term Investments	0	0
Long-Term Investments	0	0
Fair value, measurements, recurring \| Corporate securities \| Level 2
Marketable Securities [Line Items]
Adjusted Cost	2,358	2,354
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(1)	0
Available-for-sale, fair value, total	2,358	2,355
Cash and Cash Equivalents	0	0
Short-Term Investments	1,074	1,320
Long-Term Investments	$ 1,287	$ 1,035

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Detail) - USD ($)	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gain (loss), realized and reclassified to earnings from AOCI	$ 0
Fair value of marketable securities, continuous unrealized losses	1,121,000	$ 0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 487,500,000	$ 493,800,000

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Continuous Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Fair value of marketable securities, continuous unrealized losses, less than 12 months	$ 1,121
Fair value of marketable securities, continuous unrealized losses, 12 months or greater	0
Fair value of marketable securities, continuous unrealized losses	1,121	$ 0
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss [Abstract]
Unrealized loss, continuous unrealized losses, less than 12 months	(1)
Unrealized loss, continuous unrealized losses, 12 months or greater	0
Unrealized loss, continuous unrealized losses	$ (1)

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Investment Security by Contract Maturity (Details) $ in Thousands	Sep. 30, 2021USD ($)
Debt Securities, Available-for-sale, Amortized Cost, Fiscal Year Maturity [Abstract]
Available-for-sale, amortized cost, due within 1 year and money market funds	$ 1,151
Available-for-sale, amortized cost, due after 1 year through 5 years	1,287
Adjusted Cost	2,438
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale, fair value, due within 1 year and money market funds	1,151
Available-for-sale, fair value, due after 1 year through 5 years	1,287
Available-for-sale, fair value, total	$ 2,438

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net Income	$ 132,150	$ 156,509
Denominator:
Weighted-average shares used in computing basic net income per share (in shares)	62,519	63,612
Add—dilutive potential common shares:
Weighted-average shares used in computing diluted net income per share (in shares)	62,561	63,673
Net income per share of common stock:
Basic (in usd per share)	$ 2.11	$ 2.46
Diluted (in usd per share)	$ 2.11	$ 2.46
Stock options
Add—dilutive potential common shares:
Dilutive potential common shares (in shares)	10	20
Restricted stock units
Add—dilutive potential common shares:
Dilutive potential common shares (in shares)	32	41

BALANCE SHEET COMPONENTS - Inve

BALANCE SHEET COMPONENTS - Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Inventories [Abstract]
Finished goods	$ 256,105	$ 228,514
Raw materials	5,485	5,253
Total	$ 261,590	$ 233,767

BALANCE SHEET COMPONENTS - Prop

BALANCE SHEET COMPONENTS - Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 134,383	$ 130,984
Less: Accumulated depreciation	(54,775)	(51,923)
Property and equipment, net	79,608	79,061
Testing equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	15,546	15,279
Tooling equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	16,225	15,490
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	17,098	15,071
Computer and other equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	9,066	8,966
Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	8,114	7,842
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,527	2,529
Corporate aircraft
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 65,807	$ 65,807

BALANCE SHEET COMPONENTS - Othe

BALANCE SHEET COMPONENTS - Other Long-term Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Other Long-term Debt [Abstract]
Hong Kong Tax deposit	$ 57,466	$ 57,423
Intangible assets, net	8,323	8,684
Other long-term assets, net	5,229	5,839
Total	71,018	71,946
Accumulated amortization, intangible assets	3,200	2,800
Income Tax Examination [Line Items]
Hong Kong Tax deposit	57,466	$ 57,423
Hong Kong Inland Revenue Department
Other Long-term Debt [Abstract]
Hong Kong Tax deposit	57,500
Income Tax Examination [Line Items]
Hong Kong Tax deposit	57,500
Hong Kong Inland Revenue Department \| Tax year 2010 - 2014
Other Long-term Debt [Abstract]
Hong Kong Tax deposit	57,500
Income Tax Examination [Line Items]
Hong Kong Tax deposit	$ 57,500

BALANCE SHEET COMPONENTS - Ot_2

BALANCE SHEET COMPONENTS - Other Current Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2020
Other Current Liabilities [Abstract]
Deferred revenue — short-term	$ 23,120	$ 21,617
Accrued expenses	21,869	21,702
Lease liability— current	10,388	9,149
Warranty accrual	5,181	4,812	$ 4,484	$ 4,538
Accrued compensation and benefits	5,491	5,273
Customer deposits	1,364	2,693
Reserve for sales returns	2,432	2,242
Inventory received not billed	58,200	55,548
Other payables	6,370	2,944
Total	$ 134,415	$ 125,980

BALANCE SHEET COMPONENTS - Ot_3

BALANCE SHEET COMPONENTS - Other Long Term Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Other Long-Term Liabilities [Abstract]
Deferred Revenue — long-term	$ 7,637	$ 8,564
Other long-term liabilities	0	0
Total	$ 7,637	$ 8,564

ACCRUED WARRANTY - Narrative (D

ACCRUED WARRANTY - Narrative (Detail)	3 Months Ended
ACCRUED WARRANTY - Narrative (Detail)	Sep. 30, 2021
Distributors
Product Warranty Liability [Line Items]
Warranty period	1 year
Direct Sales
Product Warranty Liability [Line Items]
Warranty period	2 years
Minimum
Product Warranty Liability [Line Items]
Warranty period	1 year
Maximum
Product Warranty Liability [Line Items]
Warranty period	2 years

ACCRUED WARRANTY - Warranty Obl

ACCRUED WARRANTY - Warranty Obligations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Warranty accrual, beginning balance	$ 4,812	$ 4,538
Accruals for warranties issued during the period	2,054,000	2,142
Changes in liability for pre-existing warranties during the period	191,000	(585)
Settlements made during the period	(1,876,000)	(1,611)
Warranty accrual, ending balance	$ 5,181	$ 4,484

DEBT - Narrative (Detail)

DEBT - Narrative (Detail) - USD ($)	Oct. 29, 2021	Sep. 30, 2021	Mar. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 09, 2019
Revolving credit facility
Debt Instrument [Line Items]
Principal payment				$ 0	$ 10,000,000
Revolving credit facility \| Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Credit facility			$ 700,000,000
Additional borrowing capacity			500,000,000
Borrowings under lines of credit			75,000,000
Debt issuance costs			$ 3,300,000
Issuance fees per annum			0.125%
Maximum leverage ratio			3.5
Minimum consolidated interest coverage ratio			3.5
Outstanding borrowing		$ 0		0
Available borrowing capacity		700,000,000		700,000,000
Revolving credit facility \| Amended and Restated Credit Agreement \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage of unused borrowings			0.20%
Revolving credit facility \| Amended and Restated Credit Agreement \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage of unused borrowings			0.35%
Revolving credit facility \| Amended and Restated Credit Agreement \| Base rate \| Minimum
Debt Instrument [Line Items]
Debt basis spread on variable rate			0.50%
Revolving credit facility \| Amended and Restated Credit Agreement \| Base rate \| Maximum
Debt Instrument [Line Items]
Debt basis spread on variable rate			1.25%
Revolving credit facility \| Amended and Restated Credit Agreement \| LIBOR
Debt Instrument [Line Items]
Debt basis spread on variable rate			1.00%
Revolving credit facility \| Amended and Restated Credit Agreement \| LIBOR \| Minimum
Debt Instrument [Line Items]
Debt basis spread on variable rate			1.50%
Revolving credit facility \| Amended and Restated Credit Agreement \| LIBOR \| Maximum
Debt Instrument [Line Items]
Debt basis spread on variable rate			2.25%
Revolving credit facility \| Amended and Restated Credit Agreement \| Federal funds rate
Debt Instrument [Line Items]
Debt basis spread on variable rate			0.50%
Revolving credit facility \| Amended and Restated Credit Agreement \| Applicable interest rate
Debt Instrument [Line Items]
Debt basis spread over applicable interest rate			2.00%
Revolving credit facility \| Third Amendment Credit Agreement
Debt Instrument [Line Items]
Credit facility						$ 700,000,000
Interest payment			$ 400,000
Repayment of outstanding balance			75,000,000
Term loan facility
Debt Instrument [Line Items]
Principal payment				6,250,000	$ 6,250,000
Term loan facility \| Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Credit facility			$ 500,000,000
Interest payment				2,000,000
Percentage of principal due quarterly			1.25%
Outstanding borrowing		$ 487,500,000		487,500,000
Repayment of outstanding balance				8,300,000
Principal payment				$ 6,300,000
Interest rate		1.58%
Term loan facility \| Amended and Restated Credit Agreement \| Subsequent event
Debt Instrument [Line Items]
Interest rate	1.58%
Term loan facility \| Third Amendment Credit Agreement
Debt Instrument [Line Items]
Credit facility						$ 500,000,000
Repayment of term facility			$ 462,500,000
Interest payment			700,000
Letters of credit \| Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Credit facility			$ 25,000,000
Letters of credit \| Amended and Restated Credit Agreement \| Minimum
Debt Instrument [Line Items]
Commitment fee percentage of unused borrowings			1.50%
Letters of credit \| Amended and Restated Credit Agreement \| Maximum
Debt Instrument [Line Items]
Commitment fee percentage of unused borrowings			2.25%
Sublimit for swingline loan advances \| Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Credit facility			$ 25,000,000
Sublimit for swingline loan advances \| Amended and Restated Credit Agreement \| Base rate \| Minimum
Debt Instrument [Line Items]
Debt basis spread on variable rate			0.50%
Sublimit for swingline loan advances \| Amended and Restated Credit Agreement \| Base rate \| Maximum
Debt Instrument [Line Items]
Debt basis spread on variable rate			1.25%

DEBT - Summary of Debt (Details

DEBT - Summary of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021
Debt Instrument [Line Items]
Debt — short-term	$ 23,865	$ 23,865
Debt issuance costs, net	(1,135)	(1,135)
Debt — long-term	460,929	467,030
Debt issuance costs, net	(1,571)	(1,720)
Term loan facility
Debt Instrument [Line Items]
Debt — short-term	25,000	25,000
Debt — long-term	$ 462,500	$ 468,750

DEBT - Summary of Debt and Inte

DEBT - Summary of Debt and Interest Payment Obligations (Detail) $ in Thousands	Sep. 30, 2021USD ($)
Debt payment obligations
Debt payment obligations, 2022 (remainder)	$ 18,750
Debt payment obligations, 2023	25,000
Debt payment obligations, 2024	25,000
Debt payment obligations, 2025	25,000
Debt payment obligations, 2026	393,750
Debt payment obligations, thereafter	0
Debt payment obligations, total	487,500
Interest and other payments on debt payment obligations
Interest and other payments on debt payment obligations, 2022 (remainder)	6,845
Interest and other payments on debt payment obligations, 2023	8,801
Interest and other payments on debt payment obligations, 2024	8,422
Interest and other payments on debt payment obligations, 2025	7,997
Interest and other payments on debt payment obligations, 2026	5,719
Interest and other payments on debt payment obligations, thereafter	0
Interest and other payments on debt payment obligations, total	37,784
Total
Debt and interest payment obligations, 2022 (remainder)	25,595
Debt and interest payment obligations, 2023	33,801
Debt and interest payment obligations, 2024	33,422
Debt and interest payment obligations, 2025	32,997
Debt and interest payment obligations, 2026	399,469
Debt and interest payment obligations, thereafter	0
Debt and interest payment obligations, total	$ 525,284

LEASES - Narrative (Details)

LEASES - Narrative (Details)	Sep. 30, 2021
Minimum
Lessee, Lease, Description [Line Items]
Lease, extension of terms	12 months
Maximum
Lessee, Lease, Description [Line Items]
Lease, extension of terms	60 months

LEASES - Lease Costs (Details)

LEASES - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
LEASES - Lease Costs (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Lease, Cost [Abstract]
Total lease costs	$ 3,564	$ 2,613
Operating lease payments	3,000	2,800
Operating expenses
Lease, Cost [Abstract]
Fixed lease costs	2,145	1,801
Variable lease costs	144	203
Cost of revenues
Lease, Cost [Abstract]
Fixed lease costs	1,145	509
Variable lease costs	$ 130	$ 100

LEASES - Operating Leases Futur

LEASES - Operating Leases Future Payment Obligations (Details) $ in Thousands	Sep. 30, 2021USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of Fiscal 2022	$ 8,838,000
Fiscal 2023	11,106,000
Fiscal 2024	10,714,000
Fiscal 2025	9,676,000
Fiscal 2026	6,889,000
Thereafter	21,981,000
Total future fixed operating lease payments	69,204,000
Less: Imputed interest	5,542,000
Total operating lease liabilities	$ 63,662,000

LEASES - Weighted-Average Term

LEASES - Weighted-Average Term and Discount Rate (Details)	Sep. 30, 2021
Leases [Abstract]
Weighted-average remaining lease term - operating leases	8 years
Weighted-average discount rate - operating leases	2.38%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Sep. 30, 2021USD ($)lawsuit	Oct. 02, 2017lawsuit
Property Subject to or Available for Operating Lease [Line Items]
Other obligations \| $	$ 2.7
XR Communications, LLC, d/b/a Vivato Technologies
Loss Contingencies [Line Items]
Other lawsuits filed \| lawsuit	9
Number of lawsuits \| lawsuit		10
Patent Trial and Appeal Boart, Patents-in-Suit
Loss Contingencies [Line Items]
Number of lawsuits \| lawsuit	3
Number of Lawsuits Invalidated \| lawsuit	2
Component purchase commitments
Property Subject to or Available for Operating Lease [Line Items]
Purchase obligation \| $	$ 7.8
Components \| Minimum
Property Subject to or Available for Operating Lease [Line Items]
Purchase obligation \| $	176.9
Components \| Maximum
Property Subject to or Available for Operating Lease [Line Items]
Purchase obligation \| $	$ 919.4

COMMON STOCK AND TREASURY STO_3

COMMON STOCK AND TREASURY STOCK - Narrative (Detail) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	May 05, 2020
Equity, Class of Treasury Stock [Line Items]
Value of total number of shares purchased	$ 39,252,000	$ 97,588,000
2020 May Program
Equity, Class of Treasury Stock [Line Items]
Amount of Publicly Announced Program			$ 500,000,000
Common Stock
Equity, Class of Treasury Stock [Line Items]
Stock repurchased and retired (in shares)	130,994	602,003
Value of total number of shares purchased	$ 1,000	$ 1,000
Common Stock \| 2020 May Program
Equity, Class of Treasury Stock [Line Items]
Amount of Publicly Announced Program			$ 500,000,000
Stock repurchased and retired (in shares)	130,994
Shares repurchased and retired, average cost per share (in dollars per share)	$ 299.64
Value of total number of shares purchased	$ 39,300,000
Estimated Remaining Balance Available for Share Repurchases under the Program	$ 278,900,000

COMMON STOCK AND TREASURY STO_4

COMMON STOCK AND TREASURY STOCK - Repurchase Programs (Detail) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Equity, Class of Treasury Stock [Line Items]
Total Aggregate Amount Paid	$ 39,252,000	$ 97,588,000
Common Stock
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased as Part of Publicly Announced Programs (in shares)	130,994	602,003
Total Aggregate Amount Paid	$ 1,000	$ 1,000
Common Stock \| May 2020 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Amount of Publicly Announced Program	$ 500,000,000
Total Number of Shares Purchased as Part of Publicly Announced Programs (in shares)	130,994
Average Price Paid per Share (in usd per share)	$ 299.64
Total Aggregate Amount Paid	$ 221,100,000
Estimated Remaining Balance Available for Share Repurchases under the Program	$ 278,900,000

STOCK BASED COMPENSATION - Narr

STOCK BASED COMPENSATION - Narrative (Detail) - USD ($)	3 Months Ended
STOCK BASED COMPENSATION - Narrative (Detail) - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized shares, stock incentive plans (in shares)	4,986,685
Options granted (in shares)	0	0
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of options exercised	$ 500,000	$ 300,000
Unrecognized compensation costs	0
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of RSUs vested	3,400,000	$ 2,100,000
Intrinsic value of RSUs outstanding	15,800,000
Unrecognized compensation costs, RSUs	$ 5,900,000
Weighted-average period recognized (in years)	3 years

STOCK BASED COMPENSATION - Stoc

STOCK BASED COMPENSATION - Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 810	$ 740
Cost of revenues
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	22	28
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	570	510
Sales, general and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 218	$ 202

STOCK BASED COMPENSATION - Opti

STOCK BASED COMPENSATION - Option Activity for Company's Stock Incentive Plans (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
Number of Shares
Beginning balance (in shares)	10,525
Exercised (in shares)	(1,605)
Forfeitures and cancellations (in shares)
Ending balance (in shares)	8,920	10,525
Weighted Average Exercise Price
Beginning balance (in usd per share)	$ 11.51
Exercised (in usd per share)	10.83
Forfeitures and cancellations (in usd per share)
Ending balance (in usd per share)	$ 11.64	$ 11.51
Options outstanding, weighted average remaining contractual life	1 year 7 days	1 year 3 months 14 days
Options outstanding, aggregate intrinsic value	$ 2,560	$ 3,165
Number of shares, vested (in shares)	8,920
Options, weighted average exercise price, vested (in usd per share)	$ 11.64
Options, remaining contractual term, vested (years)	1 year 7 days
Options, aggregate intrinsic value, vested	$ 2,560
Number of shares, vested and exercisable (in shares)	8,920
Options, weighted average exercise price, vested and exercisable (in usd per share)	$ 11.64
Options, weighted average remaining contractual life, vested and exercisable (years)	1 year 7 days
Options, aggregate intrinsic value, vested and exercisable	$ 2,560

STOCK BASED COMPENSATION - Summ

STOCK BASED COMPENSATION - Summary of RSU Activity (Detail) - Restricted stock units	3 Months Ended
	Sep. 30, 2021$ / sharesshares
Number of Shares
Non-vested RSUs, beginning balance (in shares) \| shares	61,533
RSUs granted (in shares) \| shares	3,105
RSUs vested (in shares) \| shares	(10,950)
RSUs canceled (in shares) \| shares	(749)
Non-vested RSUs, ending balance (in shares) \| shares	52,939
Weighted Average Grant Date Fair Value Per Share
Non-vested RSUs, weighted average grant date fair value, beginning balance (in usd per share) \| $ / shares	$ 143.28
RSUs granted, weighted average grant date fair value (in usd per share) \| $ / shares	312.55
RSUs vested, weighted average grant date fair value (in usd per share) \| $ / shares	93.41
RSUs canceled, weighted average grant date fair value (in usd per share) \| $ / shares	167.99
Non-vested RSUs, weighted average grant date fair value, ending balance (in usd per share) \| $ / shares	$ 163.17

INCOME TAXES (Detail)

INCOME TAXES (Detail) - USD ($) $ in Thousands	Mar. 26, 2021	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2021	Dec. 30, 2020
Income Tax Disclosure [Abstract]
Provision for income taxes		$ 25,733	$ 29,527
Unrecognized tax benefits		33,300
Net increase (decrease) in unrecognized tax benefits		1,200
Interest accrued related to uncertain tax matters		3,800
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Hong Kong Tax deposit		57,466					$ 57,423
IRS
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Loss contingency, estimate of possible loss		50,000
Hong Kong Inland Revenue Department
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Hong Kong Tax deposit		$ 57,500
Hong Kong Inland Revenue Department \| Tax Year 2010 - 2015
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Payment for tax deposit	$ 22,000			$ 15,500	$ 13,400	$ 6,600
Hong Kong Inland Revenue Department \| Tax year 2015
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Additional tax deposit requested								$ 67,800

SEGMENT INFORMATION, REVENUES_3

SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS - Narrative (Detail)	3 Months Ended
	Sep. 30, 2021productsegment
Segment Reporting [Abstract]
Number of operating segments	1
Number of reportable segments	1
Number of product types \| product	2

SEGMENT INFORMATION, REVENUES_4

SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS - Revenues by Product (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 458,914	$ 473,533
Service Provider Technology
Segment Reporting Information [Line Items]
Total revenues	112,141	157,461
Enterprise technology
Segment Reporting Information [Line Items]
Total revenues	$ 346,773	$ 316,072
Product concentration risk \| Revenues
Segment Reporting Information [Line Items]
Revenue percentage	100.00%	100.00%
Product concentration risk \| Service Provider Technology \| Revenues
Segment Reporting Information [Line Items]
Revenue percentage	24.00%	33.00%
Product concentration risk \| Enterprise technology \| Revenues
Segment Reporting Information [Line Items]
Revenue percentage	76.00%	67.00%

SEGMENT INFORMATION, REVENUES_5

SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS - Revenues by Geography (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 458,914	$ 473,533
North America
Segment Reporting Information [Line Items]
Revenues	209,073	220,880
Europe, the Middle East and Africa ("EMEA")
Segment Reporting Information [Line Items]
Revenues	172,643	179,180
Asia Pacific
Segment Reporting Information [Line Items]
Revenues	42,939	41,945
South America
Segment Reporting Information [Line Items]
Revenues	34,259	31,528
United States
Segment Reporting Information [Line Items]
Revenues	$ 190,600	$ 209,800
Geographic concentration risk \| Revenues
Segment Reporting Information [Line Items]
Revenue percentage	100.00%	100.00%
Geographic concentration risk \| Revenues \| North America
Segment Reporting Information [Line Items]
Revenue percentage	46.00%	47.00%
Geographic concentration risk \| Revenues \| Europe, the Middle East and Africa ("EMEA")
Segment Reporting Information [Line Items]
Revenue percentage	38.00%	38.00%
Geographic concentration risk \| Revenues \| Asia Pacific
Segment Reporting Information [Line Items]
Revenue percentage	9.00%	9.00%
Geographic concentration risk \| Revenues \| South America
Segment Reporting Information [Line Items]
Revenue percentage	7.00%	6.00%

SEGMENT INFORMATION, REVENUES_6

SEGMENT INFORMATION, REVENUES BY GEOGRAPHY AND SIGNIFICANT CUSTOMERS - Percentage of Revenues, Accounts Receivable (Detail)	3 Months Ended
	Sep. 30, 2020
Customer concentration risk \| Revenues \| Customer B
Revenue, Major Customer [Line Items]
Concentration percentage	12.00%

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 05, 2021	Nov. 04, 2021	Sep. 30, 2021	Sep. 30, 2020
Repurchase Agreement Counterparty [Line Items]
Value of total number of shares purchased			$ 39,252	$ 97,588
Common Stock
Repurchase Agreement Counterparty [Line Items]
Stock repurchased and retired (in shares)			130,994	602,003
Value of total number of shares purchased			$ 1	$ 1
Common Stock \| May 2020 Repurchase Program
Repurchase Agreement Counterparty [Line Items]
Stock repurchased and retired (in shares)			130,994
Average Price Paid per Share (in usd per share)			$ 299.64
Value of total number of shares purchased			$ 221,100
Remaining authorized repurchase amount			$ 278,900
Subsequent event
Repurchase Agreement Counterparty [Line Items]
Dividends declared per share (in dollars per share)	$ 0.6
Subsequent event \| Common Stock \| May 2020 Repurchase Program
Repurchase Agreement Counterparty [Line Items]
Stock repurchased and retired (in shares)		30,937
Average Price Paid per Share (in usd per share)		$ 299.94
Value of total number of shares purchased		$ 9,200
Remaining authorized repurchase amount		$ 269,600