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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2012	Oct. 31, 2012
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q1
Trading Symbol	MRCY
Entity Registrant Name	MERCURY COMPUTER SYSTEMS INC
Entity Central Index Key	0001049521
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		32,241,943

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Current assets:
Cash and cash equivalents	$ 30,568	$ 115,964
Accounts receivable, net of allowance for doubtful accounts of $5 at September 30, 2012 and June 30, 2012	40,503	38,532
Unbilled receivables and cost in excess of billings	10,959	10,918
Inventory	40,438	25,845
Deferred income taxes	12,258	7,653
Prepaid income taxes	2,307	2,585
Prepaid expenses and other current assets	6,253	6,206
Total current assets	143,286	207,703
Restricted cash	3,546	3,281
Property and equipment, net	19,738	15,929
Goodwill	177,517	132,621
Acquired intangible assets, net	41,795	25,083
Other non-current assets	1,098	989
Total assets	386,980	385,606
Current liabilities:
Accounts payable	10,888	9,002
Accrued expenses	12,673	9,895
Accrued compensation	8,341	13,190
Deferred revenues and customer advances	4,602	4,855
Total current liabilities	36,504	36,942
Deferred gain on sale-leaseback	4,110	4,399
Deferred income taxes	13,537	7,197
Income taxes payable	2,597	2,597
Other non-current liabilities	1,678	1,367
Total liabilities	58,426	52,502
Commitments and contingencies (Note I)
Shareholders' equity:
Preferred stock, $.01 par value; 1,000,000 shares authorized; no shares issued or outstanding
Common stock, $.01 par value; 85,000,000 shares authorized; 30,037,656 and 29,729,065 shares issued and outstanding at September 30, 2012 and June 30, 2012, respectively	300	297
Additional paid-in capital	225,384	222,769
Retained earnings	101,532	108,732
Accumulated other comprehensive income	1,338	1,306
Total shareholders' equity	328,554	333,104
Total liabilities and shareholders' equity	$ 386,980	$ 385,606

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Accounts receivable, allowance for doubtful accounts	$ 5	$ 5
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	85,000,000	85,000,000
Common stock, shares issued	30,037,656	29,729,065
Common stock, shares outstanding	30,037,656	29,729,065

Consolidated Statements Of Operations And Comprehensive (Loss) Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Net revenues	$ 49,428	$ 49,122
Cost of revenues	29,038	19,206
Gross margin	20,390	29,916
Operating expenses:
Selling, general and administrative	14,533	13,645
Research and development	10,039	11,865
Amortization of acquired intangible assets	1,788	816
Restructuring and other charges	4,984
Acquisition costs and other related expenses	230	25
Total operating expenses	31,574	26,351
(Loss) income from operations	(11,184)	3,565
Interest income	2	6
Interest expense	(8)	(9)
Other income, net	339	405
(Loss) income from operations before income taxes	(10,851)	3,967
Tax (benefit) provision	(3,651)	1,314
Net (loss) income	$ (7,200)	$ 2,653
Basic net (loss) earnings per share:	$ (0.24)	$ 0.09
Diluted net (loss) earnings per share:	$ (0.24)	$ 0.09
Weighted-average shares outstanding:
Basic	29,883	29,277
Diluted	29,883	30,033
Comprehensive (loss) income:
Net (loss) income	$ (7,200)	$ 2,653
Foreign currency translation adjustments	12	63
Net unrealized gain (loss) on investments	21	(5)
Total comprehensive (loss) income	$ (7,167)	$ 2,711

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net (loss) income	$ (7,200)	$ 2,653
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization expense	3,999	2,671
Stock-based compensation expense	2,345	2,040
(Benefit) provision for deferred income taxes	(3,507)	557
Excess tax benefit from stock-based compensation	(9)	(405)
Other non-cash items	(18)	(174)
Changes in operating assets and liabilities, net of effects of business acquired:
Accounts receivable, unbilled receivable, and cost in excess of billings	1,758	6,541
Inventory	(2,488)	(5,964)
Prepaid income taxes	972	704
Prepaid expenses and other current assets	75	(58)
Other non-current assets	(31)	719
Accounts payable and accrued expenses	(5,820)	(3,672)
Deferred revenues and customer advances	(606)	(1,436)
Income taxes payable	10	678
Other non-current liabilities	571	(638)
Net cash (used in) provided by operating activities	(9,949)	4,216
Cash flows from investing activities:
Acquisition of business, net of cash acquired	(67,721)
Purchases of property and equipment	(980)	(1,646)
Payments for acquired intangible assets		(20)
Increase in restricted cash	(265)
Net cash used in investing activities	(68,966)	(1,666)
Cash flows from financing activities:
Proceeds from employee stock plans	133	90
Excess tax benefits from stock-based compensation	9	405
Payments of deferred offering costs		(30)
Payments of acquired debt	(6,575)
Payments of capital lease obligations	(46)	(59)
Net cash used in financing activities	(6,479)	406
Effect of exchange rate changes on cash and cash equivalents	(2)	31
Net (decrease) increase in cash and cash equivalents	(85,396)	2,987
Cash and cash equivalents at beginning of period	115,964	162,875
Cash and cash equivalents at end of period	30,568	165,862
Cash paid (received) during the period for:
Interest	8	9
Income taxes	(1,193)	(624)
Supplemental disclosures-non-cash activities:
Issuance of restricted stock awards to employees	11,584	$ 3,587
Micronetics
Changes in operating assets and liabilities, net of effects of business acquired:
Inventory	(14,593)
Supplemental disclosures-non-cash activities:
Unvested stock options assumed from Micronetics	$ 513

Description of Business

3 Months Ended

Sep. 30, 2012

Description of Business

A. Description of Business

Mercury Computer Systems, Inc. (the “Company” or “Mercury”) is a best of breed provider of commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications. The Company’s solutions play a critical role in a wide range of applications, processing and transforming sensor data to information for storage, analysis and interpretation. The Company’s goal is to grow and build on its position as a critical component of the defense and intelligence industrial base and be the leading provider of open and affordable sensor processing subsystems for intelligence, surveillance and reconnaissance (“ISR”), electronic warfare (“EW”), and missile defense applications. In military reconnaissance and surveillance platforms, the Company’s sub-systems receive, process, and store real-time radar, video, sonar and signals intelligence data. The Company provides radio frequency (“RF”) and microwave products for enhanced signal acquisitions and communications in military and commercial applications. Additionally, Mercury Federal Systems, the Company’s wholly owned subsidiary, focuses on direct and indirect contracts supporting the defense, intelligence, and homeland security agencies. The Company has growing capabilities in the area of “Big Data” processing, analytics and analysis in support of both the U.S. Department of Defense (“DoD”) and to the intelligence community as they enhance their ability to acquire, process and exploit large amounts of data for both real-time analytics and “forensic” analysis.

The Company’s products and solutions address mission-critical requirements within the defense industry for C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) and electronic warfare systems and services, and target several markets including maritime defense, airborne reconnaissance, ballistic missile defense, ground mobile and force protection systems and tactical communications and network systems. The Company’s products or solutions have been deployed in more than 300 different programs with over 25 different prime defense contractors. The Company delivers commercially developed technology and solutions that are based on open system architectures and widely adopted industry standards, and supports all of this with services and support capabilities.

Summary of Significant Accounting Policies

3 Months Ended

Sep. 30, 2012

Summary of Significant Accounting Policies

B. Summary of Significant Accounting Policies

BASIS OF PRESENTATION

The accompanying consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to the Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures, normally included in annual consolidated financial statements have been condensed or omitted pursuant to those rules and regulations; however, in the opinion of management the financial information reflects all adjustments, consisting of adjustments of a normal recurring nature, necessary for fair presentation. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes for the fiscal year ended June 30, 2012 which are contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on August 22, 2012. The results for the three months ended September 30, 2012 are not necessarily indicative of the results to be expected for the full fiscal year.

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

BUSINESS COMBINATIONS

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

USE OF ESTIMATES

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

REVENUE RECOGNITION

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

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

The Company enters into multiple-deliverable arrangements that may include a combination of hardware components, related integration or other services. These arrangements generally do not include any performance-, cancellation-, termination- or refund-type provisions. Total revenue recognized under multiple-deliverable revenue arrangements was 30% and 45% of total revenues in the three months ended September 30, 2012 and 2011, respectively.

The Company uses FASB Accounting Standards Update (“ASU”) No. 2009-13 (“FASB ASU 2009-13”), Multiple-Deliverable Revenue Arrangements. FASB ASU 2009-13 establishes a selling price hierarchy for determining the selling price of a deliverable, which includes: (1) vendor-specific objective evidence (“VSOE”) if available; (2) third-party evidence (“TPE”) if VSOE is not available; and (3) best estimated selling price (“BESP”), if neither VSOE nor TPE is available.

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

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

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

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

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

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

WEIGHTED-AVERAGE SHARES

Weighted-average shares were calculated as follows:


	Three Months Ended September 30,
	2012		2011
Basic weighted-average shares outstanding		29,883		29,277
Effect of dilutive equity instruments		—		756

Diluted weighted-average shares outstanding		29,883		30,033

Equity instruments to purchase 4,402 and 913 shares of common stock were not included in the calculation of diluted net earnings per share for the three months ended September 30, 2012 and 2011, respectively, because the equity instruments were anti-dilutive.

Acquisitions

3 Months Ended

Sep. 30, 2012

Acquisitions

C. Acquisitions

MICRONETICS ACQUISITION

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

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

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

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


	Amounts
Consideration transferred
Cash paid to shareholders and to settle vested options	$	69,830
Value allocated to unvested options		513
Less cash acquired		(2,109	)

Net purchase price	$	68,234

Estimated fair value of tangible assets acquired and liabilities assumed
Cash	$	2,109
Accounts receivable		3,584
Inventory		12,080
Fixed assets		5,301
Other current and non-current assets		2,893
Accounts payable and accrued expenses		(5,305	)
Long-term debt		(6,575	)
Deferred taxes		(8,052	)

Estimated fair value of net tangible assets acquired		6,035
Estimated fair value of identifiable intangible assets		18,500
Estimated fair value of goodwill		45,808

Estimated fair value of assets acquired	$	70,343
Less cash acquired		(2,109	)

Net purchase price	$	68,234

The amounts above represent the preliminary fair value estimates as of September 30, 2012 and are subject to subsequent adjustment as the Company obtains additional information during the measurement period and finalizes its fair value estimates. Any subsequent adjustments to these fair value estimates occurring during the measurement period will result in an adjustment to goodwill or income, as applicable.

The goodwill of $45,808 arising from the Micronetics acquisition largely reflects the potential synergies and expansion of the Company’s service offerings across product segments and markets complementary to the Company’s existing products and markets. The Micronetics acquisition provides the Company with additional capability and expertise related to microwave and radio frequency technology. The acquisition is directly aligned with the Company’s strategy of expanding our capabilities, services and offerings along the sensor processing chain.

For the three months ended September 30, 2012, Micronetics’ revenue of $4,907 and net loss of $1,619 were included in the Company’s consolidated statements of operations. The Company has not furnished pro forma financial information relating to the Micronetics acquisition because such information is not material to the Company’s financial results.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Number 141R
-Paragraph 67-73
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Goodwill

3 Months Ended

Sep. 30, 2012

Goodwill

D. Goodwill

The following table sets forth the changes in the carrying amount of goodwill for the three months ended September 30, 2012:


	ACS			MFS		Total
Balance at June 30, 2012	$	113,471		$	19,150	$	132,621
Goodwill arising from the Micronetics acquisition		45,808			0		45,808
Goodwill adjustment for the KOR acquisition		(912	)		0		(912	)

Balance at September 30, 2012		158,367			19,150		177,517

In the three months ended September 30, 2012, there were no triggering events, as defined by FASB ASC 350, which required an interim goodwill impairment test. The Company performs its annual goodwill impairment test in the fourth quarter of each fiscal year. The goodwill adjustment for the KOR acquisition is the result of changes in fair value estimates derived from additional information gained during the measurement period which ends December 30, 2012.

The Company determines its reporting units in accordance with FASB ASC 350, by assessing whether discrete financial information is available and if management regularly reviews the operating results of that component. Following this assessment, the Company determined that its reporting units are the same as its operating segments, ACS and MFS.

Acquired Intangible Assets

3 Months Ended

Sep. 30, 2012

Acquired Intangible Assets

E. Acquired Intangible Assets

Acquired intangible assets consisted of the following:


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
SEPTEMBER 30, 2012
Customer relationships	$	43,770	$	(10,186	)	$	33,584		6.5 years
Licensing agreements and patents		4,095		(2,521	)		1,574		5.4 years
Completed technologies		5,570		(1,277	)		4,293		5.3 years
Trademarks		990		(142	)		848		6.0 years
Backlog		2,300		(910	)		1,390		1.2 years
Non-compete agreements		500		(394	)		106		5.0 years

	$	57,225	$	(15,430	)	$	41,795

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

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

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


	Year Ending June 30,
2013	$	6,929
2014		7,797
2015		7,503
2016		7,018
2017		5,537
Thereafter		7,011

Total future amortization expense	$	41,795

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


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
Customer relationships	$	17,000	$	(419	)	$	16,581		6.0 years
Backlog		1,500		(222	)		1,278		1.0 years

Total	$	18,500	$	(641	)	$	17,859

Fair Value of Financial Instruments

3 Months Ended

Sep. 30, 2012

Fair Value of Financial Instruments

F. Fair Value of Financial Instruments

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

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

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

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

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


	Fair Value Measurements
	September 30, 2012		Level 1		Level 2		Level 3
Assets:
U.S. Treasury bills and money market funds	$	18,049	$	18,049	$	—	$	—
Restricted cash		3,546		3,546		—		—

Total	$	21,595	$	21,595	$	—	$	—

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

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13504-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

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

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

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

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

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

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

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

+ Details

Inventory

3 Months Ended

Sep. 30, 2012

Inventory

G. Inventory

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


	September 30, 2012		June 30, 2012
Raw materials	$	18,467	$	11,246
Work in process		13,648		8,979
Finished goods		8,323		5,620

Total	$	40,438	$	25,845

The $14,593 increase of inventory was primarily due to inventory from the Micronetics acquisition, valued at $12,080 at the date of acquisition. There are no amounts in inventory relating to contracts having production cycles longer than one year.

Debt

3 Months Ended

Sep. 30, 2012

Debt

H. Debt

Senior Secured Credit Facility

As of September 30, 2012, the Company had a loan and security agreement (the “Loan Agreement”) with Silicon Valley Bank that provided a $35,000 revolving line of credit (the “Revolver”), with interest payable monthly and the principal due at the February 11, 2014 maturity of the Revolver. The Company has had no borrowings under the Loan Agreement since inception and was in compliance with all covenants as of September 30, 2012.

The Company terminated the Loan Agreement on October 12, 2012, in connection with entering into a new senior unsecured revolving credit facility with a syndicate of commercial banks with KeyBank acting as administrative agent. See Note N Subsequent Events.

- Definition

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

+ References + Details

Commitments and Contingencies

3 Months Ended

Sep. 30, 2012

Commitments and Contingencies

I. Commitments and Contingencies

LEGAL CLAIMS

The U.S. Department of Justice (“DOJ”) conducted an investigation into the conduct of certain former employees of PDI (which was acquired by the Company in connection with the acquisition of KOR Electronics on December 30, 2011) in the 2008-2009 time frame, asserting that such conduct may have constituted a violation of the Procurement Integrity Act. On August 31, 2012, the DOJ and PDI entered into a settlement agreement related to the investigation pursuant to which the DOJ released PDI and its affiliates from any civil monetary claims relating to the alleged conduct. PDI did not admit liability for the alleged conduct in the settlement. We were indemnified with respect to this matter by the former shareholders of KOR Electronics pursuant to the Company’s merger agreement with KOR dated December 30, 2011.

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

INDEMNIFICATION OBLIGATIONS

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

PURCHASE COMMITMENTS

As of September 30, 2012, the Company has entered into non-cancelable purchase commitments for certain inventory components and services used in its normal operations. The purchase commitments covered by these agreements are for less than one year and aggregate to $15,004.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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

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

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

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

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

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

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

+ Details

Stock-Based Compensation

3 Months Ended

Sep. 30, 2012

Stock-Based Compensation

J. Stock-Based Compensation

STOCK OPTION PLANS

The number of shares authorized for issuance under the Company’s 2005 Stock Incentive Plan , as amended and restated (the “2005 Plan”), is 6,092 shares at September 30, 2012. The 2005 Plan will be increased by any future cancellations, forfeitures or terminations (other than by exercise) under the Company’s 1997 Stock Option Plan (the “1997 Plan”). The 2005 Plan provides for the grant of non-qualified and incentive stock options, restricted stock, stock appreciation rights and deferred stock awards to employees and non-employees. All stock options are granted with an exercise price of not less than 100% of the fair value of the Company’s common stock at the date of grant and the options generally have a term of seven years. There were 792 shares available for future grant under the 2005 Plan at September 30, 2012. Subsequent to September 30, 2012, the Company’s shareholders approved an increase of 1,500 shares.

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

EMPLOYEE STOCK PURCHASE PLAN

The number of shares authorized for issuance under the Company’s 1997 Employee Stock Purchase Plan, as amended and restated (“ESPP”), is 1,400 shares. Under the ESPP, rights are granted to purchase shares of common stock at 85% of the lesser of the market value of such shares at either the beginning or the end of each six-month offering period. The ESPP permits employees to purchase common stock through payroll deductions, which may not exceed 10% of an employee’s compensation as defined in the ESPP. There were no shares issued under the ESPP during the three months ended September 30, 2012 and 2011. Shares available for future purchase under the ESPP totaled 360 at September 30, 2012.

STOCK OPTION AND AWARD ACTIVITY

The following table summarizes activity of the Company’s stock option plans since June 30, 2011:


	Options Outstanding
	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)
Outstanding at June 30, 2011		2,293		$	14.35		3.88
Granted		—			—
Exercised		(72	)		6.48
Cancelled		(36	)		23.70

Outstanding at June 30, 2012		2,185		$	14.46		2.89
Granted		271			4.75
Exercised		(24	)		7.16
Cancelled		(160	)		18.10

Outstanding at September 30, 2012		2,272		$	13.12		3.48

On August 8, 2012, the Company completed its acquisition of Micronetics. Pursuant to the terms of the Merger Agreement, all outstanding options to acquire shares of Micronetics common stock that were vested at the closing were cancelled and the holders of such options received an amount of cash equal to the product of the total number of shares previously subject to such vested options and the excess of the merger consideration over the exercise price per share. All outstanding Micronetics stock options that were unvested at the closing were replaced by the Company. The replacement stock options granted were determined based on a conversion ratio provided in the Merger Agreement. The 271 of stock options granted in the table above reflect the replacement of the unvested Micronetics stock options as of August 8, 2012.

STOCK OPTION ASSUMPTIONS

The following table sets forth the weighted-average key fair value results and assumptions for stock options granted during the three months ended September 30, 2012 and 2011:


	Three Months Ended September 30,
	2012			2011
Weighted-average fair value of options granted	$	3.80		$	—	(*)
Option life(1)		4.5 years			—	(*)
Risk-free interest rate(2)		0.7	%		—	(*)
Stock volatility(3)		58	%		—	(*)
Dividend rate		0	%		—	(*)

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

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

(3)

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

(*)	No stock options were granted by the Company during the three months ended September 30, 2011.

The following table summarizes the status of the Company’s non-vested restricted stock awards since June 30, 2011:


	Non-vested Restricted Stock Awards
	Number of Shares			Weighted Average Grant Date Fair Value
Outstanding at June 30, 2011		1,187		$	11.23
Granted		585			14.30
Vested		(409	)		10.62
Forfeited		(88	)		13.14

Outstanding at June 30, 2012		1,275		$	12.71
Granted		1,215			9.54
Vested		(289	)		11.59
Forfeited		(71	)		11.39

Outstanding at September 30, 2012		2,130		$	11.10

STOCK-BASED COMPENSATION EXPENSE

The Company recognized the full expense of its share-based payment plans in the consolidated statements of operations for the three months ended September 30, 2012 and 2011 in accordance with FASB ASC 718 and did not capitalize any such costs on the consolidated balance sheets, as such costs that qualified for capitalization were not material. Under the fair value recognition provisions of FASB ASC 718, stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the service period. The following table presents share-based compensation expenses from continuing operations included in the Company’s consolidated statement of operations:


	Three Months Ended September 30,
	2012			2011
Cost of revenues	$	131		$	88
Selling, general and administrative		1,903			1,675
Research and development		311			277

Stock-based compensation expense before tax		2,345			2,040
Income taxes		(853	)		(719	)

Net compensation expense	$	1,492		$	1,321

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

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

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

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Operating Segment, Geographic Information and Significant Customers

3 Months Ended

Sep. 30, 2012

Operating Segment, Geographic Information and Significant Customers

K. Operating Segment, Geographic Information and Significant Customers

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

•

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

•

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

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

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


	ACS			MFS		Eliminations			Total
THREE MONTHS ENDED SEPTEMBER 30, 2012
Net revenues to unaffiliated customers	$	37,808		$	9,916	$	1,704		$	49,428
Intersegment revenues		4,908			8		(4,916	)		—

Net revenues	$	42,716		$	9,924	$	(3,212	)	$	49,428

Adjusted EBITDA	$	(438	)	$	1,452	$	624		$	1,638
THREE MONTHS ENDED SEPTEMBER 30, 2011
Net revenues to unaffiliated customers	$	45,397		$	4,171	$	(446	)	$	49,122
Intersegment revenues		1,932			—		(1,932	)		—

Net revenues	$	47,329		$	4,171	$	(2,378	)	$	49,122

Adjusted EBITDA	$	8,155		$	508	$	66		$	8,729

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


	Three Months Ended September 30,
(In thousands)	2012			2011
(Loss) income from continuing operations	$	(7,200	)	$	2,653
Interest expense, net		6			3
Income tax (benefit) expense		(3,651	)		1,314
Depreciation		2,211			1,855
Amortization of acquired intangible assets		1,788			816
Restructuring and other charges		4,984			—
Acquisition costs and other related expenses		230			25
Fair value adjustments from purchase accounting		925			23
Stock-based compensation expense		2,345			2,040

Adjusted EBITDA	$	1,638		$	8,729

The geographic distribution of the Company’s revenues is summarized as follows:


	US		Europe		Asia Pacific		Eliminations			Total
THREE MONTHS ENDED SEPTEMBER 30, 2012
Net revenues to unaffiliated customers	$	47,635	$	345	$	1,448	$	—		$	49,428
Inter-geographic revenues		1,177		49		26		(1,252	)		—

Net revenues	$	48,812	$	394	$	1,474	$	(1,252	)	$	49,428

THREE MONTHS ENDED SEPTEMBER 30, 2011
Net revenues to unaffiliated customers	$	46,877	$	792	$	1,453	$	—		$	49,122
Inter-geographic revenues		2,182		257		20		(2,459	)		—

Net revenues	$	49,059	$	1,049	$	1,473	$	(2,459	)	$	49,122

Foreign revenue is based on the country in which the Company’s legal subsidiary is domiciled.

The geographic distribution of the Company’s long-lived assets is summarized as follows:


	U.S.		Europe		Asia Pacific		Eliminations		Total
September 30, 2012	$	19,707	$	29	$	2	$	—	$	19,738
June 30, 2012	$	15,895	$	32	$	2	$	—	$	15,929

Identifiable long-lived assets exclude goodwill and intangible assets.

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


	Three Months Ended September 30,
	2012			2011
Sierra Nevada Corporation		14	%		*
Raytheon Company		12	%		21	%
Northrop Grumman Corporation		12	%		18	%

		38	%		39	%

*	Indicates that the amount is less than 10% of the Company’s revenues for the respective period.

Although the Company typically has several customers from which it derives 10% or more of its revenue, the sales to each of these customers are spread across multiple programs and platforms. For the three months ended September 30, 2012, the Gorgon Stare program individually comprised 14% of the Company’s revenues. For the three month period ended September 30, 2011, only the Joint Strike Fighter program at 16% comprised 10% or more of the Company’s revenues.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 33
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 42
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Income Taxes

3 Months Ended

Sep. 30, 2012

Income Taxes

L. Income Taxes

The Company recorded a tax benefit of $3,651 and tax expense of $1,314 for the three months ended September 30, 2012 and 2011, respectively, on a loss from continuing operations before taxes of $10,851 and income from continuing operations of $3,967 for the three months ended September 30, 2012 and 2011, respectively. Income tax benefit for the three months ended September 30, 2012 differed from the federal statutory rate primarily due to the impact of a Section 199 manufacturing deduction, state taxes and stock compensation. Income tax expense for the three months ended September 30, 2011 differed from the federal statutory rate primarily due to the impact of a Section 199 manufacturing deduction and research and development tax credits.

No material changes in the Company’s unrecognized tax positions occurred during the three months ended September 30, 2012. The Company does not expect there to be any material changes in its reserves for unrecognized tax benefits within the next 12 months.

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Restructuring Plan

3 Months Ended

Sep. 30, 2012

Restructuring Plan

M. Restructuring Plan

In the first quarter of fiscal 2013, the Company announced a restructuring plan (“2013 Plan”) affecting the ACS business segment. The 2013 Plan was implemented to cope with reduced defense revenues and the near term uncertainties in the defense industry driven by the potential for sequestration. The 2013 Plan primarily consisted of involuntary separation costs related to the reduction in force which eliminated 142 positions largely in engineering, manufacturing and administrative functions. Restructuring expense of $4,984 was recognized for the three months ended September 30, 2012.

In the fourth quarter of fiscal 2012, the Company announced a restructuring plan (“2012 Plan”) affecting both the ACS and MFS business segments. The 2012 Plan primarily consisted of involuntary separation costs related to the reduction in force which eliminated 41 positions largely in engineering and manufacturing functions; and facility costs related to outsourcing of certain manufacturing activities at the Company’s Huntsville, Alabama site. Future restructuring expenses of approximately $647 associated with the 2012 Plan are expected in fiscal 2013 as the Company starts transitioning the manufacturing activities formerly conducted at the Huntsville, Alabama facility. This restructuring expense will affect the ACS business segment.

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

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


	Severance & Related			Facilities & Other			Total
ACS restructuring charges	$	2,406		$	306		$	2,712
MFS restructuring charges		109			—			109

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

Restructuring liability at June 30, 2012	$	2,513		$	185		$	2,698
ACS restructuring charges		5,203			—			5,203
MFS restructuring charges		—			—			—

Total provision		5,203			—			5,203
Cash paid		(1,756	)		(90	)		(1,846	)
Reversals		(219	)		—			(219	)

Restructuring liability at September 30, 2012	$	5,741		$	95		$	5,836

- Definition

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

+ References + Details

Subsequent Events

3 Months Ended

Sep. 30, 2012

Subsequent Events

N. Subsequent Events

The Company has evaluated subsequent events from the date of the consolidated balance sheet through the date the consolidated financial statements were issued.

On October 12, 2012, the Company entered into a credit agreement (the “Credit Agreement”) with a syndicate of commercial banks, with KeyBank National Association acting as the administrative agent. The Credit Agreement provides for a $200.0 million senior unsecured revolving line of credit (the “Revolver”). The Company can borrow up to $200.0 million subject to compliance with the financial covenants discussed below. The Revolver is available for working capital, acquisitions, and general corporate purposes of the Company and its subsidiaries. The Revolver is available for borrowing during a five year period, with interest payable periodically during such period as provided in the Credit Agreement and principal due at the maturity of the Revolver.

The Credit Agreement has an accordion feature permitting the Company to request from the lenders an increase in the aggregate amount of the credit facility in the form of an incremental revolver or term loan in an amount not to exceed $50.0 million. Any such increase would require only the consent of the lenders increasing their respective commitments under the credit facility.

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

Borrowings under the Credit Agreement are senior unsecured loans. Each of the Company’s domestic subsidiaries is a guarantor under the Credit Agreement.

The Credit Agreement provides for conventional affirmative and negative covenants, including a maximum leverage ratio of 3.50x and a minimum interest coverage ratio of 3.0x. Each of the two ratios referred to above is calculated based on consolidated EBITDA, as defined in the Credit Agreement, for each consecutive four fiscal quarter period, after giving pro forma effect for any acquisitions or dispositions. Acquisitions are permitted under the Credit Agreement without any dollar limitation so long as, among other requirements, no default or event of default exists or would result therefore; the Company is in compliance with a maximum leverage ratio of 3.25x and a minimum interest coverage ratio of 3.0x, in each case, after giving pro forma effect to the applicable acquisition. In addition, the Credit Agreement contains certain customary representations and warranties, and events of default.

The Company has not borrowed under the Credit Agreement to date.

In connection with entering into the Credit Agreement, on October 12, 2012, the Company terminated its Loan and Security Agreement with Silicon Valley Bank dated February 12, 2010, as amended on March 30, 2011 (the “Loan Agreement”). The Loan Agreement provided for a $35.0 million revolving line of credit. The Company terminated the Loan Agreement early without penalty. Silicon Valley Bank released its security interests in the Company’s assets in connection with the termination of the Loan Agreement.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Sep. 30, 2012

Basis of Presentation

BASIS OF PRESENTATION

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

Business Combinations

BUSINESS COMBINATIONS

Use of Estimates

USE OF ESTIMATES

Revenue Recognition

REVENUE RECOGNITION

Weighted-Average Shares

WEIGHTED-AVERAGE SHARES

Weighted-average shares were calculated as follows:


	Three Months Ended September 30,
	2012		2011
Basic weighted-average shares outstanding		29,883		29,277
Effect of dilutive equity instruments		—		756

Diluted weighted-average shares outstanding		29,883		30,033

- Definition

Disclosure of accounting policy for completed business combinations (purchase method, acquisition method or combination of entities under common control). This accounting policy may include a general discussion of the purchase method or acquisition method of accounting (including for example, the treatment accorded contingent consideration, the identification of assets and liabilities, the purchase price allocation process, how the fair values of acquired assets and liabilities are determined) and the entity's specific application thereof. An entity that acquires another entity in a leveraged buyout transaction generally discloses the accounting policy followed by the acquiring entity in determining the basis used to value its interest in the acquired entity, and the rationale for that accounting policy.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2303973

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
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-Paragraph 4
-Subparagraph (a)-(d)
-URI http://asc.fasb.org/extlink&oid=6909625&loc=d3e227-128457

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 7
-Subparagraph a, b, c, d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
-Section SEC Observer Comments
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 9, 10, 11, 12, 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References + Details

- Definition

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

+ References + Details

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Sep. 30, 2012

Basic and Diluted Weighted Average Shares Outstanding

Weighted-average shares were calculated as follows:


	Three Months Ended September 30,
	2012		2011
Basic weighted-average shares outstanding		29,883		29,277
Effect of dilutive equity instruments		—		756

Diluted weighted-average shares outstanding		29,883		30,033

Acquisitions (Tables)

3 Months Ended

Sep. 30, 2012

Micronetics

Net Purchase Price and Preliminary Allocation for Acquisition

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


	Amounts
Consideration transferred
Cash paid to shareholders and to settle vested options	$	69,830
Value allocated to unvested options		513
Less cash acquired		(2,109	)

Net purchase price	$	68,234

Estimated fair value of tangible assets acquired and liabilities assumed
Cash	$	2,109
Accounts receivable		3,584
Inventory		12,080
Fixed assets		5,301
Other current and non-current assets		2,893
Accounts payable and accrued expenses		(5,305	)
Long-term debt		(6,575	)
Deferred taxes		(8,052	)

Estimated fair value of net tangible assets acquired		6,035
Estimated fair value of identifiable intangible assets		18,500
Estimated fair value of goodwill		45,808

Estimated fair value of assets acquired	$	70,343
Less cash acquired		(2,109	)

Net purchase price	$	68,234

Goodwill (Tables)

3 Months Ended

Sep. 30, 2012

Changes in Carrying Amount of Goodwill

The following table sets forth the changes in the carrying amount of goodwill for the three months ended September 30, 2012:


	ACS			MFS		Total
Balance at June 30, 2012	$	113,471		$	19,150	$	132,621
Goodwill arising from the Micronetics acquisition		45,808			0		45,808
Goodwill adjustment for the KOR acquisition		(912	)		0		(912	)

Balance at September 30, 2012		158,367			19,150		177,517

- Definition

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

+ References + Details

Acquired Intangible Assets (Tables)

3 Months Ended

Sep. 30, 2012

Acquired Intangible Assets

Acquired intangible assets consisted of the following:


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
SEPTEMBER 30, 2012
Customer relationships	$	43,770	$	(10,186	)	$	33,584		6.5 years
Licensing agreements and patents		4,095		(2,521	)		1,574		5.4 years
Completed technologies		5,570		(1,277	)		4,293		5.3 years
Trademarks		990		(142	)		848		6.0 years
Backlog		2,300		(910	)		1,390		1.2 years
Non-compete agreements		500		(394	)		106		5.0 years

	$	57,225	$	(15,430	)	$	41,795

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

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

Estimated Future Amortization Expense for Acquired Intangible Assets

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


	Year Ending June 30,
2013	$	6,929
2014		7,797
2015		7,503
2016		7,018
2017		5,537
Thereafter		7,011

Total future amortization expense	$	41,795

Micronetics

Preliminary Estimated Fair Value of Acquired Intangible Assets


	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
Customer relationships	$	17,000	$	(419	)	$	16,581		6.0 years
Backlog		1,500		(222	)		1,278		1.0 years

Total	$	18,500	$	(641	)	$	17,859

Fair Value of Financial Instruments (Tables)

3 Months Ended

Sep. 30, 2012

Summary of Financial Assets Measured at Fair Value

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


	Fair Value Measurements
	September 30, 2012		Level 1		Level 2		Level 3
Assets:
U.S. Treasury bills and money market funds	$	18,049	$	18,049	$	—	$	—
Restricted cash		3,546		3,546		—		—

Total	$	21,595	$	21,595	$	—	$	—

- Definition

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

+ References + Details

Inventory (Tables)

3 Months Ended

Sep. 30, 2012

Inventory

Inventory was comprised of the following:


	September 30, 2012		June 30, 2012
Raw materials	$	18,467	$	11,246
Work in process		13,648		8,979
Finished goods		8,323		5,620

Total	$	40,438	$	25,845

Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2012

Summary of Stock Option Plans

The following table summarizes activity of the Company’s stock option plans since June 30, 2011:


	Options Outstanding
	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)
Outstanding at June 30, 2011		2,293		$	14.35		3.88
Granted		—			—
Exercised		(72	)		6.48
Cancelled		(36	)		23.70

Outstanding at June 30, 2012		2,185		$	14.46		2.89
Granted		271			4.75
Exercised		(24	)		7.16
Cancelled		(160	)		18.10

Outstanding at September 30, 2012		2,272		$	13.12		3.48

Weighted Average key fair value results and assumptions for stock options granted

The following table sets forth the weighted-average key fair value results and assumptions for stock options granted during the three months ended September 30, 2012 and 2011:


	Three Months Ended September 30,
	2012			2011
Weighted-average fair value of options granted	$	3.80		$	—	(*)
Option life(1)		4.5 years			—	(*)
Risk-free interest rate(2)		0.7	%		—	(*)
Stock volatility(3)		58	%		—	(*)
Dividend rate		0	%		—	(*)

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

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

(3)

(*)	No stock options were granted by the Company during the three months ended September 30, 2011.

Summary of Nonvested Restricted Stock

The following table summarizes the status of the Company’s non-vested restricted stock awards since June 30, 2011:


	Non-vested Restricted Stock Awards
	Number of Shares			Weighted Average Grant Date Fair Value
Outstanding at June 30, 2011		1,187		$	11.23
Granted		585			14.30
Vested		(409	)		10.62
Forfeited		(88	)		13.14

Outstanding at June 30, 2012		1,275		$	12.71
Granted		1,215			9.54
Vested		(289	)		11.59
Forfeited		(71	)		11.39

Outstanding at September 30, 2012		2,130		$	11.10

Stock Based Compensation Expenses

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


	Three Months Ended September 30,
	2012			2011
Cost of revenues	$	131		$	88
Selling, general and administrative		1,903			1,675
Research and development		311			277

Stock-based compensation expense before tax		2,345			2,040
Income taxes		(853	)		(719	)

Net compensation expense	$	1,492		$	1,321

- Definition

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

+ References + Details

Operating Segment, Geographic Information and Significant Customers (Tables)

3 Months Ended

Sep. 30, 2012

Summary of Performance of Operations by Reportable Segment

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


	ACS			MFS		Eliminations			Total
THREE MONTHS ENDED SEPTEMBER 30, 2012
Net revenues to unaffiliated customers	$	37,808		$	9,916	$	1,704		$	49,428
Intersegment revenues		4,908			8		(4,916	)		—

Net revenues	$	42,716		$	9,924	$	(3,212	)	$	49,428

Adjusted EBITDA	$	(438	)	$	1,452	$	624		$	1,638
THREE MONTHS ENDED SEPTEMBER 30, 2011
Net revenues to unaffiliated customers	$	45,397		$	4,171	$	(446	)	$	49,122
Intersegment revenues		1,932			—		(1,932	)		—

Net revenues	$	47,329		$	4,171	$	(2,378	)	$	49,122

Adjusted EBITDA	$	8,155		$	508	$	66		$	8,729

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

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


	Three Months Ended September 30,
(In thousands)	2012			2011
(Loss) income from continuing operations	$	(7,200	)	$	2,653
Interest expense, net		6			3
Income tax (benefit) expense		(3,651	)		1,314
Depreciation		2,211			1,855
Amortization of acquired intangible assets		1,788			816
Restructuring and other charges		4,984			—
Acquisition costs and other related expenses		230			25
Fair value adjustments from purchase accounting		925			23
Stock-based compensation expense		2,345			2,040

Adjusted EBITDA	$	1,638		$	8,729

Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations

The geographic distribution of the Company’s revenues is summarized as follows:


	US		Europe		Asia Pacific		Eliminations			Total
THREE MONTHS ENDED SEPTEMBER 30, 2012
Net revenues to unaffiliated customers	$	47,635	$	345	$	1,448	$	—		$	49,428
Inter-geographic revenues		1,177		49		26		(1,252	)		—

Net revenues	$	48,812	$	394	$	1,474	$	(1,252	)	$	49,428

THREE MONTHS ENDED SEPTEMBER 30, 2011
Net revenues to unaffiliated customers	$	46,877	$	792	$	1,453	$	—		$	49,122
Inter-geographic revenues		2,182		257		20		(2,459	)		—

Net revenues	$	49,059	$	1,049	$	1,473	$	(2,459	)	$	49,122

Foreign revenue is based on the country in which the Company’s legal subsidiary is domiciled.

The geographic distribution of the Company’s long-lived assets is summarized as follows:


	U.S.		Europe		Asia Pacific		Eliminations		Total
September 30, 2012	$	19,707	$	29	$	2	$	—	$	19,738
June 30, 2012	$	15,895	$	32	$	2	$	—	$	15,929

Customers Comprising Ten Percent or more Revenues

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


	Three Months Ended September 30,
	2012			2011
Sierra Nevada Corporation		14	%		*
Raytheon Company		12	%		21	%
Northrop Grumman Corporation		12	%		18	%

		38	%		39	%

*	Indicates that the amount is less than 10% of the Company’s revenues for the respective period.

- Definition

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

+ References + Details

Restructuring Plan (Tables)

3 Months Ended

Sep. 30, 2012

Expenses by Business Segment for Restructuring Plans

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


	Severance & Related			Facilities & Other			Total
ACS restructuring charges	$	2,406		$	306		$	2,712
MFS restructuring charges		109			—			109

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

Restructuring liability at June 30, 2012	$	2,513		$	185		$	2,698
ACS restructuring charges		5,203			—			5,203
MFS restructuring charges		—			—			—

Total provision		5,203			—			5,203
Cash paid		(1,756	)		(90	)		(1,846	)
Reversals		(219	)		—			(219	)

Restructuring liability at September 30, 2012	$	5,741		$	95		$	5,836

Summary of Significant Accounting Policies - Additional Information (Detail) - shares	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Earnings Per Share, Diluted
Significant Accounting Policies [Line Items]
Common stock excluded from diluted earning per share	4,402	913
Multiple Delivery Revenue
Significant Accounting Policies [Line Items]
Percentage of revenue under multi- deliverable arrangement	30.00%	45.00%

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Basic and Diluted Weighted Average Shares Outstanding (Detail) - shares shares in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Weighted Average Number of Shares Outstanding [Line Items]
Basic weighted-average shares outstanding	29,883	29,277
Effect of dilutive equity instruments		756
Diluted weighted-average shares outstanding	29,883	30,033

- Definition

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

+ References + Details

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Acquisitions - Additional Information (Detail) - Micronetics - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2012	Aug. 08, 2012	Jun. 08, 2012
Business Acquisition [Line Items]
Company acquired per share		$ 14.80
Goodwill arising from acquisition			$ 45,808
Business Acquisition Revenue	$ 4,907
Business Acquisition Net Loss	$ 1,619

Net Purchase Price and Preliminary Allocation for Acquisition (Detail) - Micronetics $ in Thousands	Jun. 08, 2012 USD ($)
Consideration transferred
Cash paid to shareholders and to settle vested options	$ 69,830
Value allocated to unvested options	513
Less cash acquired	(2,109)
Net purchase price	68,234
Estimated fair value of tangible assets acquired and liabilities assumed
Cash	2,109
Accounts receivable	3,584
Inventory	12,080
Fixed assets	5,301
Other current and non-current assets	2,893
Accounts payable and accrued expenses	(5,305)
Long-term debt	(6,575)
Deferred taxes	(8,052)
Estimated fair value of net tangible assets acquired	6,035
Estimated fair value of identifiable intangible assets	18,500
Estimated fair value of goodwill	45,808
Estimated fair value of assets acquired	70,343
Less cash acquired	(2,109)
Net purchase price	$ 68,234

Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	3 Months Ended
	Sep. 30, 2012 USD ($)
Goodwill [Line Items]
Beginning Balance	$ 132,621
Ending Balance	177,517
ACS
Goodwill [Line Items]
Beginning Balance	113,471
Ending Balance	158,367
MFS
Goodwill [Line Items]
Beginning Balance	19,150
Ending Balance	19,150
Micronetics
Goodwill [Line Items]
Goodwill	45,808
Micronetics \| ACS
Goodwill [Line Items]
Goodwill	45,808
Micronetics \| MFS
Goodwill [Line Items]
Goodwill	0
KOR Electronics
Goodwill [Line Items]
Goodwill Adjustment	(912)
KOR Electronics \| ACS
Goodwill [Line Items]
Goodwill Adjustment	(912)
KOR Electronics \| MFS
Goodwill [Line Items]
Goodwill Adjustment	$ 0

- Definition

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

+ References

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

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

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

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

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

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

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

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

+ Details

Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2012
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 57,225	$ 38,725
Accumulated Amortization	(15,430)	(13,642)
Net Carrying Amount	41,795	25,083
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	43,770	26,770
Accumulated Amortization	(10,186)	(9,217)
Net Carrying Amount	$ 33,584	$ 17,553
Weighted Average Useful Life	6 years 6 months	6 years 10 months 24 days
Licensing agreements and patents
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,095	$ 4,095
Accumulated Amortization	(2,521)	(2,365)
Net Carrying Amount	$ 1,574	$ 1,730
Weighted Average Useful Life	5 years 4 months 24 days	5 years 4 months 24 days
Completed Technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,570	$ 5,570
Accumulated Amortization	(1,277)	(1,007)
Net Carrying Amount	$ 4,293	$ 4,563
Weighted Average Useful Life	5 years 3 months 18 days	5 years 3 months 18 days
Trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 990	$ 990
Accumulated Amortization	(142)	(95)
Net Carrying Amount	$ 848	$ 895
Weighted Average Useful Life	6 years	6 years
Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,300	$ 800
Accumulated Amortization	(910)	(588)
Net Carrying Amount	$ 1,390	$ 212
Weighted Average Useful Life	1 year 2 months 12 days	2 years
Non-compete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 500	$ 500
Accumulated Amortization	(394)	(370)
Net Carrying Amount	$ 106	$ 130
Weighted Average Useful Life	5 years	5 years

Estimated Future Amortization Expense for Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Expected Amortization Expense [Line Items]
2013	$ 6,929
2014	7,797
2015	7,503
2016	7,018
2017	5,537
Thereafter	7,011
Net Carrying Amount	$ 41,795	$ 25,083

Fair Value of Acquired Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2012
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 57,225	$ 38,725
Accumulated Amortization	(15,430)	(13,642)
Net Carrying Amount	41,795	25,083
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	43,770	26,770
Accumulated Amortization	(10,186)	(9,217)
Net Carrying Amount	$ 33,584	$ 17,553
Weighted Average Useful Life	6 years 6 months	6 years 10 months 24 days
Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,300	$ 800
Accumulated Amortization	(910)	(588)
Net Carrying Amount	$ 1,390	$ 212
Weighted Average Useful Life	1 year 2 months 12 days	2 years
Micronetics
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 18,500
Accumulated Amortization	(641)
Net Carrying Amount	17,859
Micronetics \| Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,000
Accumulated Amortization	(419)
Net Carrying Amount	$ 16,581
Weighted Average Useful Life	6 years
Micronetics \| Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,500
Accumulated Amortization	(222)
Net Carrying Amount	$ 1,278
Weighted Average Useful Life	1 year

Summary of Financial Assets Measured at Fair Value on Recurring Basis (Detail) $ in Thousands	Sep. 30, 2012 USD ($)
Assets:
Fair value measurement disclosure	$ 21,595
U.S. Treasury bills and money market funds
Assets:
Fair value measurement disclosure	18,049
Restricted cash
Assets:
Fair value measurement disclosure	3,546
Fair Value, Inputs, Level 1
Assets:
Fair value measurement disclosure	21,595
Fair Value, Inputs, Level 1 \| U.S. Treasury bills and money market funds
Assets:
Fair value measurement disclosure	18,049
Fair Value, Inputs, Level 1 \| Restricted cash
Assets:
Fair value measurement disclosure	$ 3,546

Inventory (Detail) - USD ($) $ in Thousands	Sep. 30, 2012	Jun. 30, 2012
Schedule of Inventory [Line Items]
Raw materials	$ 18,467	$ 11,246
Work in process	13,648	8,979
Finished goods	8,323	5,620
Total	$ 40,438	$ 25,845

Inventory - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Schedule of Inventory [Line Items]
Increase in Inventory	$ 2,488	$ 5,964
Production Cycle Term	Longer than one year
Micronetics
Schedule of Inventory [Line Items]
Increase in Inventory	$ 14,593
Product
Schedule of Inventory [Line Items]
Inventory relating to contracts having production cycles longer than one year	$ 0

Debt - Additional Information (Detail) $ in Thousands	3 Months Ended
Debt - Additional Information (Detail) $ in Thousands	Sep. 30, 2012 USD ($)
Silicon Valley Bank
Debt Instrument [Line Items]
Revolving line of credit under loan agreement with Silicon Valley Bank	$ 35,000
Revolver
Debt Instrument [Line Items]
Maturity date of line of credit	Feb. 11, 2014

Commitments And Contingencies - Additional Information (Detail) $ in Thousands	Sep. 30, 2012 USD ($)
Non-cancelable purchase commitments
Long-term Purchase Commitment [Line Items]
Purchase commitments for less than one year	$ 15,004

Stock Based Compensation - Additional Information (Detail) - shares shares in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share options granted
1997 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan	1,400
Shares available for future grant	360
Purchase price as a percentage of the lesser of the market value of such shares at either the beginning or the end of each nine-month offering period	85.00%
Percentage of employee compensation that may be uses to purchase common stock through payroll deductions, maximum	10.00%
Number of share options granted	0	0
2005 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan	6,092
Increase in share authorized under stock incentive plan	1,500
Exercise price of stock option, percentage	100.00%
Shares available for future grant	792
2005 Stock Incentive Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of stock option	7 years
Stock Option Plan 1997
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan	8,650
Exercise price of stock option, percentage	100.00%
Stock Option Plan 1997 \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of stock option	10 years
Options, vesting period	4 years
Stock Option Plan 1997 \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vesting period	0 years
Stock Option Plan 1997 \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan	100

Summary of Stock Option Plans (Detail) - $ / shares shares in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Number of Shares
Granted
Stock Options
Number of Shares
Outstanding at beginning of period	2,185	2,293	2,293
Granted	271
Exercised	(24)		(72)
Cancelled	(160)		(36)
Outstanding at end of period	2,272		2,185	2,293
Weighted Average Exercise Price
Outstanding at beginning of period	$ 14.46	$ 14.35	$ 14.35
Granted	4.75
Exercised	7.16		6.48
Cancelled	18.10		23.70
Outstanding at end of period	$ 13.12		$ 14.46	$ 14.35
Weighted Average Remaining Contractual Term (Years)
Outstanding at end of period	3 years 5 months 23 days		2 years 10 months 21 days	3 years 10 months 17 days

Weighted Average Fair Value Assumptions Table (Detail) - $ / shares

3 Months Ended

Sep. 30, 2012

Sep. 30, 2011

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

Weighted-average fair value of options granted

$ 3.80

Option life

^[1]

4 years 6 months

0 years

^[2]

Risk-free interest rate

^[3]

0.70%

Stock volatility

^[4]

58.00%

Dividend rate

0.00%

Stock options granted

[1]	The option life was determined based upon historical option activity.
[2]	No stock options were granted by the Company during the three months ended September 30, 2011.
[3]	The risk-free interest rate for each grant is equal to the U.S. Treasury yield curve in effect at the time of grant for instruments with a similar expected life.
[4]	The stock volatility for each grant is measured using the weighted average of historical daily price changes of the Company's common stock over the most recent period equal to the expected option life of the grant, the historical short-term trend of the option and other factors, such as expected changes in volatility arising from planned changes in the Company's business operations.

Summary of Nonvested Restricted Stock (Detail) - Restricted Stock - $ / shares shares in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2012
Number of Shares
Beginning Balance	1,275	1,187
Granted	1,215	585
Vested	(289)	(409)
Forfeited	(71)	(88)
Ending Balance	2,130	1,275
Weighted Average Grant Date Fair Value
Beginning Balance	$ 12.71	$ 11.23
Granted	9.54	14.30
Vested	11.59	10.62
Forfeited	11.39	13.14
Ending Balance	$ 11.10	$ 12.71

Stock Based Compensation Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before tax	$ 2,345	$ 2,040
Income taxes	(853)	(719)
Net compensation expense	1,492	1,321
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before tax	131	88
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before tax	1,903	1,675
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense before tax	$ 311	$ 277

Operating Segment, Significant Customers and Geographic Information - Additional Information (Detail)	3 Months Ended
	Sep. 30, 2012 Segment	Sep. 30, 2011 Program
Segment Reporting Information [Line Items]
Number of operating segments \| Segment	2
Number of program comprised 10% or more of company's revenue \| Program		10
AEGIS Program
Segment Reporting Information [Line Items]
Percentage of revenue contributed from a single program	14.00%
Joint Strike Fighter Program
Segment Reporting Information [Line Items]
Percentage of revenue contributed from a single program		16.00%

Summary of Performance of Operations by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ 49,428	$ 49,122
Adjusted EBITDA	1,638	8,729
Reportable Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	49,428	49,122
Net revenues	49,428	49,122
Adjusted EBITDA	1,638	8,729
ACS \| Reportable Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	37,808	45,397
Intersegment revenues	4,908	1,932
Net revenues	42,716	47,329
Adjusted EBITDA	(438)	8,155
MFS \| Reportable Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	9,916	4,171
Intersegment revenues	8
Net revenues	9,924	4,171
Adjusted EBITDA	1,452	508
Eliminations \| Reportable Segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	1,704	(446)
Intersegment revenues	(4,916)	(1,932)
Net revenues	(3,212)	(2,378)
Adjusted EBITDA	$ 624	$ 66

Reconciles Net Income, Most Directly Comparable GAAP Financial Measure to Adjusted EBITDA (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
(Loss) income from continuing operations	$ (7,200)	$ 2,653
Interest expense, net	6	3
Income tax (benefit) expense	(3,651)	1,314
Depreciation	2,211	1,855
Amortization of acquired intangible assets	1,788	816
Restructuring and other charges	4,984		$ (2,821)
Acquisition costs and other related expenses	230	25
Fair value adjustments from purchase accounting	925	23
Stock-based compensation expense	2,345	2,040
Adjusted EBITDA	$ 1,638	$ 8,729

Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Jun. 30, 2012
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	$ 49,428	$ 49,122
Net revenues	49,428	49,122
Identifiable long-lived assets	19,738		$ 15,929
US
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	47,635	46,877
Inter-geographic revenues	1,177	2,182
Net revenues	48,812	49,059
Identifiable long-lived assets	19,707		15,895
Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	345	792
Inter-geographic revenues	49	257
Net revenues	394	1,049
Identifiable long-lived assets	29		32
Asia Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers	1,448	1,453
Inter-geographic revenues	26	20
Net revenues	1,474	1,473
Identifiable long-lived assets	2		$ 2
Geographical Intersegment, Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Inter-geographic revenues	(1,252)	(2,459)
Net revenues	$ (1,252)	$ (2,459)

Customers Comprising Ten Percent or more Revenues (Detail)	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Revenue, Major Customer [Line Items]
Revenue from Customers	38.00%	39.00%
Percent of company revenue	10.00%
ACS \| Sierra Nevada Corporation
Revenue, Major Customer [Line Items]
Revenue from Customers	14.00%
ACS \| Raytheon Company
Revenue, Major Customer [Line Items]
Revenue from Customers	12.00%	21.00%
ACS \| Northrop Grumman Corporation
Revenue, Major Customer [Line Items]
Revenue from Customers	12.00%	18.00%

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Tax Credit Carryforward [Line Items]
Income tax (benefit) expense	$ (3,651)	$ 1,314
(Income) loss from continuing operations before income taxes	$ (10,851)	$ 3,967

Restructuring Plan - Additional Information (Detail) $ in Thousands	3 Months Ended
	Sep. 30, 2012 USD ($) Person	Jun. 30, 2012 Person
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated \| Person	142	41
ACS
Restructuring Cost and Reserve [Line Items]
Future restructuring expenses expected in fiscal 2013	$ 4,984
FiscalYear2013 \| ACS
Restructuring Cost and Reserve [Line Items]
Future restructuring expenses expected in fiscal 2013	$ 647

Expenses by Business Segment for Restructuring Plans (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Jun. 30, 2012
Component of Operating Other Cost and Expense [Line Items]
Restructuring charges, provisions	$ 5,203
Restructuring charges, provisions	(4,984)	$ 2,821
Cash paid	(1,846)	(123)
Reversals	(219)
Restructuring liability at end period	5,836	2,698
Severance
Component of Operating Other Cost and Expense [Line Items]
Restructuring charges, provisions	5,203
Restructuring charges, provisions		2,515
Cash paid	(1,756)	(2)
Reversals	(219)
Restructuring liability at end period	5,741	2,513
Facilities And Other
Component of Operating Other Cost and Expense [Line Items]
Restructuring charges, provisions		306
Cash paid	(90)	(121)
Restructuring liability at end period	95	185
ACS
Component of Operating Other Cost and Expense [Line Items]
Restructuring charges, provisions	5,203
Restructuring charges, provisions		2,712
ACS \| Severance
Component of Operating Other Cost and Expense [Line Items]
Restructuring charges, provisions	$ 5,203
Restructuring charges, provisions		2,406
ACS \| Facilities And Other
Component of Operating Other Cost and Expense [Line Items]
Restructuring charges, provisions		306
MFS
Component of Operating Other Cost and Expense [Line Items]
Restructuring charges, provisions		109
MFS \| Severance
Component of Operating Other Cost and Expense [Line Items]
Restructuring charges, provisions		$ 109

Subsequent Event - Additional Information (Detail) $ in Millions	Sep. 30, 2012 USD ($)
Subsequent Event [Line Items]
Aggregate Credit Facility	$ 50.0
Loan and security agreement with Silicon Valley Bank
Subsequent Event [Line Items]
Revolving Line Of Credit	$ 35.0
Conventional affirmative and negative covenants \| Maximum
Subsequent Event [Line Items]
Leverage Ratio	3.50
Conventional affirmative and negative covenants \| Minimum
Subsequent Event [Line Items]
Interest Coverage Ratio	3.0
Compliance \| Maximum
Subsequent Event [Line Items]
Leverage Ratio	3.25
Compliance \| Minimum
Subsequent Event [Line Items]
Interest Coverage Ratio	3.0
Senior Unsecured Revolving Credit Facility
Subsequent Event [Line Items]
Revolving Line Of Credit	$ 200.0
Line of Credit Maximum borrowing Capacity	$ 200.0