Related Party Transactions
|12 Months Ended|
Jun. 30, 2018
|Related Party Transactions [Abstract]|
|RELATED PARTY TRANSACTIONS||
NOTE 18 — RELATED PARTY TRANSACTIONS
During the fiscal years ended June 30, 2018, 2017 and 2016, the Company purchased from, or sold to, several entities, where one or more executive officers of the Company or members of the Company’s Board of Directors, or their immediate family members were, during the periods presented, an executive officer or a board member of a subsidiary, including Citrix Systems, Inc., Integrated Device Technology, Inc., Juniper Networks, Inc., Keysight Technologies, Inc., MetLife Insurance K.K., NetApp, Inc., and Proofpoint, Inc.
The following table provides the transactions with these parties for the indicated periods (for the portion of such period that they were considered related):
(1) On April 2, 2018, the Company acquired a product line from Keysight Technologies, Inc. (“Keysight”) for total purchase consideration of $12.1 million, and entered into a transition services agreement pursuant to which Keysight provides certain manufacturing services to the Company for a period of six months from April 2, 2018. The Company recorded the manufacturing services fees under the transition services agreement within cost of revenues, which was immaterial for the fiscal year ended June 30, 2018.
The Company’s receivable and payable balances from these parties were immaterial at June 30, 2018 and 2017.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef