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Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Jun. 30, 2014	Jul. 31, 2014	Dec. 31, 2013
Document Documentand Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Trading Symbol	MRCY
Entity Registrant Name	MERCURY SYSTEMS INC
Entity Central Index Key	0001049521
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		33,376,755
Entity Public Float			$ 364.1

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Current assets:
Cash and cash equivalents	$ 47,287	$ 39,126
Accounts receivable, net of allowance for doubtful accounts of $34 and $33 at June 30, 2014 and 2013, respectively	37,625	29,229
Unbilled receivables and cost in excess of billings	22,036	17,266
Inventory	31,655	37,432
Deferred income taxes	15,216	11,534
Prepaid income taxes	1,481	2,369
Prepaid expenses and other current assets	3,631	7,326
Current assets of discontinued operations	1,374	2,019
Total current assets	160,305	146,301
Restricted cash	265	546
Property and equipment, net	14,144	14,462
Goodwill	168,146	167,551
Acquired intangible assets, net	25,006	32,308
Other non-current assets	987	1,158
Non-current assets of discontinued operations	4,859	12,105
Total assets	373,712	374,431
Current liabilities:
Accounts payable	7,054	4,773
Accrued expenses	8,377	7,115
Accrued compensation	9,983	11,488
Deferred revenues and customer advances	5,898	5,788
Current liabilities of discontinued operations	1,618	1,654
Total current liabilities	32,930	30,818
Deferred gain on sale-leaseback	2,086	3,242
Deferred income taxes	5,911	6,652
Income taxes payable	3,154	2,880
Other non-current liabilities	1,666	1,269
Non-current liabilities of discontinued operations	818	1,069
Total liabilities	46,565	45,930
Commitments and contingencies
Shareholders' equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.01 par value; 85,000,000 shares authorized; 31,284,273 and 30,381,254 shares issued and outstanding at June 30, 2014 and 2013 respectively	312	304
Additional paid-in capital	241,725	231,711
Retained earnings	84,099	95,524
Accumulated other comprehensive income	1,011	962
Total shareholders' equity	327,147	328,501
Total liabilities and shareholders' equity	$ 373,712	$ 374,431

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 34	$ 33
Preferred stock, par value (in dollars per share)	$ 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 (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	85,000,000	85,000,000
Common stock, shares issued	31,284,273	30,381,254
Common stock, shares outstanding	31,284,273	30,381,254

Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Income Statement [Abstract]
Net revenues	$ 208,729	$ 194,231	$ 237,070
Cost of revenues	113,985	116,073	103,262
Gross margin	94,744	78,158	133,808
Operating expenses:
Selling, general and administrative	53,685	54,764	55,625
Research and development	35,693	32,604	45,984
Amortization of intangible assets	7,328	8,222	3,551
Restructuring and other charges	5,443	7,060	2,712
Acquisition costs and other related expenses	0	318	1,219
Change in the fair value of the liability related to the LNX earn-out	0	0	(4,938)
Total operating expenses	102,149	102,968	104,153
(Loss) income from operations	(7,405)	(24,810)	29,655
Interest income	9	7	13
Interest expense	(49)	(38)	(40)
Other income, net	1,532	558	1,686
(Loss) income from continuing operations before income taxes	(5,913)	(24,283)	31,314
Tax (benefit) provision	(1,841)	(10,501)	8,991
(Loss) income from continuing operations	(4,072)	(13,782)	22,323
(Loss) income from discontinued operations, net of income taxes	(7,353)	574	296
Net (loss) income	$ (11,425)	$ (13,208)	$ 22,619
Basic net earnings (loss) per share:
(Loss) income from continuing operations (dollars per share)	$ (0.13)	$ (0.46)	$ 0.76
(Loss) income from discontinued operations (dollars per share)	(0.24)	0.02	0.01
Basic net (loss) earnings per share (dollars per share)	(0.37)	(0.44)	0.77
Diluted net earnings (loss) per share:
(Loss) income from continuing operations (dollars per share)	(0.13)	(0.46)	0.74
(Loss) income from discontinued operations (dollars per share)	(0.24)	0.02	0.01
Diluted net (loss) earnings per share (dollars per share)	$ (0.37)	$ (0.44)	$ 0.75
Weighted-average shares outstanding:
Basic (in shares)	31,000	30,128	29,477
Diluted (in shares)	31,000	30,128	30,085
Comprehensive (loss) income:
Net (loss) income	$ (11,425)	$ (13,208)	$ 22,619
Foreign currency translation adjustments	65	(359)	53
Net unrealized (loss) gain on investments	(16)	15	(2)
Total comprehensive (loss) income	$ (11,376)	$ (13,552)	$ 22,670

Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income
Beginning Balance (in shares) at Jun. 30, 2011		29,144,000
Beginning Balance at Jun. 30, 2011	$ 301,436	$ 291	$ 213,777	$ 86,113	$ 1,255
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock incentive plans (in shares)		481,000
Issuance of common stock under employee stock incentive plans	466	$ 5	461
Issuance of common stock under employee stock purchase plan (in shares)		104,000
Issuance of common stock under employee stock purchase plan	1,165	$ 1	1,164
Stock-based compensation	6,616		6,616
Tax benefit from employee stock plan awards	751		751
Net (loss) income	22,619			22,619
Net unrealized gain (loss) on investments	(2)				(2)
Foreign currency translation adjustments	53				53
Ending Balance (in shares) at Jun. 30, 2012		29,729,000
Ending Balance at Jun. 30, 2012	333,104	$ 297	222,769	108,732	1,306
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock incentive plans (in shares)		548,000
Issuance of common stock under employee stock incentive plans	436	$ 6	430
Issuance of common stock under employee stock purchase plan (in shares)		104,000
Issuance of common stock under employee stock purchase plan	814	$ 1	813
Stock-based compensation	7,940		7,940
Tax shortfall from employee stock plan awards	(754)		(754)
Net (loss) income	(13,208)			(13,208)
Share-based business combination consideration	513		513
Net unrealized gain (loss) on investments	15				15
Foreign currency translation adjustments	$ (359)				(359)
Ending Balance (in shares) at Jun. 30, 2013	30,381,254	30,381,000
Ending Balance at Jun. 30, 2013	$ 328,501	$ 304	231,711	95,524	962
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee stock incentive plans (in shares)		811,000
Issuance of common stock under employee stock incentive plans	706	$ 8	698
Issuance of common stock under employee stock purchase plan (in shares)		92,000
Issuance of common stock under employee stock purchase plan	778	$ 0	778
Stock-based compensation	9,244		9,244
Tax shortfall from employee stock plan awards	(706)		(706)
Net (loss) income	(11,425)			(11,425)
Net unrealized gain (loss) on investments	(16)				(16)
Foreign currency translation adjustments	$ 65				65
Ending Balance (in shares) at Jun. 30, 2014	31,284,273	31,284,000
Ending Balance at Jun. 30, 2014	$ 327,147	$ 312	$ 241,725	$ 84,099	$ 1,011

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net (loss) income	$ (11,425)	$ (13,208)	$ 22,619
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization expense	15,608	17,209	11,658
Stock-based compensation expense	9,244	7,940	6,616
Deferred income taxes	(5,499)	(10,083)	(3,056)
Impairment of goodwill of discontinued operations	6,687	0	0
Excess tax benefit from stock-based compensation	(21)	(19)	(559)
Change in the fair value of the liability related to the LNX earn-out	0	0	(4,938)
Loss on sale of building	0	1,091	0
Other non-cash items	(619)	(757)	(555)
Changes in operating assets and liabilities, net of effects of businesses acquired:
Accounts receivable, unbilled receivable, and cost in excess of billings	(12,428)	4,760	6,755
Inventory	5,818	453	(7,267)
Prepaid income taxes	887	3,197	3,514
Prepaid expenses and other current assets	3,728	(807)	(816)
Other non-current assets	1,006	1,055	646
Accounts payable and accrued expenses	1,163	(13,094)	(1,092)
Deferred revenues and customer advances	129	516	(1,850)
Income taxes payable	274	(422)	820
Other non-current liabilities	(311)	298	(626)
Net cash provided by (used in) operating activities	14,241	(1,871)	31,869
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	0	(67,721)	(71,044)
Purchases of property and equipment	(6,701)	(3,880)	(9,427)
Proceeds from sale of building	0	775	0
Increase in other	(19)	(265)	(331)
Net cash used in investing activities	(6,720)	(71,091)	(80,802)
Cash flows from financing activities:
Proceeds from employee stock plans	1,484	1,251	1,631
Excess tax benefit from stock-based compensation	21	19	559
Payments of acquired debt	0	(6,575)	0
Payments of deferred financing costs	0	(771)	(30)
Decrease in restricted cash	0	3,000	0
Payments of capital lease obligations	(763)	(593)	(185)
Net cash provided by (used in) financing activities	742	(3,669)	1,975
Effect of exchange rate changes on cash and cash equivalents	(102)	(207)	47
Net increase (decrease) in cash and cash equivalents	8,161	(76,838)	(46,911)
Cash and cash equivalents at beginning of year	39,126	115,964	162,875
Cash and cash equivalents at end of year	47,287	39,126	115,964
Cash paid during the period for:
Interest	49	39	40
Income taxes	3,192	(3,313)	8,686
Supplemental disclosures-non-cash activities:
Issuance of restricted stock awards to employees	8,904	12,560	8,367
Share-based business combination consideration	0	513	0
Capital lease financings	$ 494	$ 249	$ 41

Description of Business	12 Months Ended
Description of Business	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Mercury Systems, Inc. (the “Company” or “Mercury”) provides affordable, commercially developed, open sensor processing systems and services for critical commercial, defense and intelligence applications. The Company delivers innovative solutions, rapid time-to-value and service and support to its defense prime contractor customers. The Company's products and solutions have been deployed in more than 300 programs with over 25 different defense prime contractors. Key programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program ("SEWIP"), Gorgon Stare, Predator and Reaper. The Company's goal is to grow and build on its position as a critical component of the defense industrial base and become the leading provider of open and affordable sensor processing systems. The Mercury Commercial Electronics (“MCE”) operating segment designs, develops and builds open sensor processing products and subsystems that include embedded processing modules and subsystems, radio frequency (“RF”) and microwave multi-function assemblies as well as subsystems, and RF and microwave components. The Mercury Defense Systems (“MDS”) operating segment provides deep domain expertise, pre-integrated, open, affordable electronic warfare ("EW"), electronic attack ("EA") and electronic counter measure ("ECM") subsystems and significant capabilities in signals intelligence ("SIGINT") and electro-optical/infrared ("EO/IR") technologies. During June 2014, the Company initiated a plan to divest the Mercury Intelligence Systems (“MIS”) operating segment, based on the Company's strategic direction and investment priorities focusing on its core business. As a result, the Company's MIS operating segment met the “held for sale” criteria in accordance with Financial Accounting Standard Boards (“FASB”) Accounting Standards Codification (“ASC”) 205, Presentation of Financial Statements, (“FASB ASC 205”) as of June 30, 2014 (see Note C to Consolidated Financial Statements). The consolidated financial statements, excluding the statements of shareholders' equity and cash flows, and the notes to the consolidated financial statements were restated for all periods presented to reflect the discontinuation of the MIS operating segment, in accordance with FASB ASC 205.

Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

PRINCIPLES OF CONSOLIDATION

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

BUSINESS COMBINATIONS

The Company utilizes the acquisition method of accounting under FASB 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 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. Out-of-pocket expenses that are reimbursable by the customer are included in revenue and cost of revenue.

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

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.

In accordance with 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’s revenue arrangements generally do not include a general right of return relative to delivered products. 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.

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.

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

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

Contract costs also may include estimated contract recoveries for matters such as contract changes and claims for unanticipated contract costs. The Company records revenue associated with these matters only when the amount of recovery can be estimated reliably and realization is probable. Assumed recoveries for claims included in contracts in process were not material at June 30, 2013 or 2014.

The Company defines service revenues as revenue from activities that are not associated with the design, development, production, or delivery of tangible assets, software or specific capabilities sold by us. Examples of the Company's service revenues include: analyst services and systems engineering support, consulting, maintenance and other support, testing and installation. The Company combines its product and service revenues into a single class as services revenues do not exceed 10 percent of total revenues.

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

CASH AND CASH EQUIVALENTS

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

RESTRICTED CASH

The Company had restricted cash balances of $265 and $546 as of June 30, 2014 and 2013, respectively. The balances are classified as restricted cash on the accompanying consolidated balance sheet and are reflected in non-current assets. The balances at June 30, 2014 and 2013 included restrictions related to certain contracts with foreign customers that require a certificate of deposit to be held at a commercial bank until performance of the contracts have been completed.

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially expose the Company to concentrations of credit risk consist principally of cash, cash equivalents and accounts receivable. The Company places its cash and cash equivalents with financial institutions that management believes are of high credit quality. At June 30, 2014 and 2013, the Company had $47,287 and $39,126, respectively, of cash and cash equivalents on deposit or invested with its financial and lending institutions.

The Company provides credit to customers in the normal course of business. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary but generally does not require collateral. At June 30, 2014, five customers accounted for 55% of the Company's receivables, unbilled receivables and costs in excess of billings. At June 30, 2013, five customers accounted for 42% of the Company’s receivables, unbilled receivables and costs in excess of billings.

INVENTORY

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

GOODWILL AND INTANGIBLE ASSETS

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

Under FASB ASC 350, the Company has the option to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount to determine whether further impairment testing is necessary.

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

LONG-LIVED ASSETS

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

PROPERTY AND EQUIPMENT

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

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

Expenditures for major software purchases and software developed for internal use are capitalized and depreciated using the straight-line method over the estimated useful lives of the related assets, which are generally three years. For software developed for internal use, all external direct costs for material and services and certain payroll and related fringe benefit costs are capitalized in accordance with FASB ASC 350. During fiscal 2014, 2013 and 2012, the Company capitalized $362, $91 and $1,092 of software development costs.

DEFERRED REVENUES AND CUSTOMER ADVANCES

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

INCOME TAXES

The Company accounts for income taxes under FASB ASC 740, Income Taxes (“FASB ASC 740”). The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the Company’s consolidated financial statements. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates for the year in which the differences are expected to reverse. The Company records a valuation allowance against net deferred tax assets if, based upon the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.

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

PRODUCT WARRANTY ACCRUAL

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



	Fiscal 2014			Fiscal 2013			Fiscal 2012
Beginning balance at July 1,	$	2,522		$	1,360		$	894
Warranty assumed from Micronetics acquisition	—			245			—
Accruals for warranties issued during the period	1,951			4,592			2,445
Settlements made during the period	(2,395		)	(3,675		)	(1,979		)
Ending balance at June 30,	$	2,078		$	2,522		$	1,360

RESEARCH AND DEVELOPMENT COSTS

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

STOCK-BASED COMPENSATION

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

NET EARNINGS PER SHARE

Basic net earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net earnings per share computation includes the effect of shares which would be issuable upon the exercise of outstanding stock options and the vesting of restricted stock, reduced by the number of shares which are assumed to be purchased by the Company under the treasury stock method. For all periods presented, income (loss) from continuing operations is the control number for determining whether securities are dilutive or not.

Basic and diluted weighted average shares outstanding were as follows:



	Years Ended June 30,
	2014	2013	2012
Basic weighted-average shares outstanding	31,000	30,128	29,477
Effect of dilutive equity instruments	—	—	608
Diluted weighted-average shares outstanding	31,000	30,128	30,085

Equity instruments to purchase 3,526, 4,077 and 1,244 shares of common stock were not included in the calculation of diluted net earnings per share for the fiscal years ended June 30, 2014, 2013 and 2012, respectively, because the equity instruments were anti-dilutive.

ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income includes foreign currency translation adjustments and unrealized gains on investments. The components of accumulated other comprehensive income were $1,011 and $962 of accumulated foreign currency translation adjustments at June 30, 2014 and 2013. There were no material accumulated net unrealized gains on investments at June 30, 2014 and 2013.

FOREIGN CURRENCY

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

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, an amendment of the FASB Accounting Standards Codification. The ASU requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist and certain criteria are met. The ASU is effective prospectively for annual reporting periods beginning after December 15, 2013. This guidance is not expected to have a material impact to the Company's consolidated financial statements.

In April 2014, the FASB ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), an amendment of the FASB Accounting Standards Codification. The ASU clarifies the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity's operations and financial results. Additionally, the amendments in this ASU require expanded disclosure for discontinued operations to provide users with more information about the assets, liabilities, revenues, and expenses. The ASU is effective for the Company on July 1, 2015, including interim periods within that reporting period and the Company has not elected to early adopt the guidance. This guidance is not expected to have a material impact on the Company's consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on July 1, 2017 and early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Discontinued Operations

12 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

During the fourth quarter of fiscal 2014, the Company conducted a strategic review of the Mercury Intelligence Systems (“MIS”) business unit which encompassed an assessment of MIS' financial performance and contemporaneous future financial projections. The Company, with Board of Director's approval, concluded that a plan to divest the MIS business unit would be in the best interests of the Company and its shareholders.

The Company's MIS business unit met the "held for sale" criteria in accordance with FASB ASC 205. As the Company does not anticipate continuing involvement in the operations of MIS after its divestiture, the MIS operating results have been reported as a discontinued operation for all periods presented.

The classification as "held for sale" is considered a triggering event for impairment testing under FASB ASC 350 and FASB ASC 360. However, since the Company conducts its annual goodwill impairment testing in its fiscal fourth quarter, which coincided with the plan to divest the MIS business unit, the “held for sale” triggering event did not constitute a separate goodwill impairment test under FASB ASC 350 (see Note H). The triggering event, however, did require separate impairment testing of the MIS asset group’s long-lived assets under FASB ASC 360.

The annual goodwill impairment testing conducted in the fourth quarter of fiscal 2014 determined the MIS reporting unit's carrying value of goodwill exceeded its implied fair value, resulting in a $6,687 impairment charge. The impairment charge is reflected within discontinued operations of the Company's accompanying consolidated financial statements. The failure of the first step of the goodwill impairment test was driven by a decline in forecasted results of the MIS reporting unit. The fair value of the MIS reporting unit from the first step of the goodwill impairment test exceeded the fair value of the assets and liabilities of the MIS reporting unit, as determined by the second step of the goodwill impairment test. Testing of the valuation of long-lived assets of the MIS asset group indicated no impairment, as the estimated undiscounted cash flows of the MIS asset group, less estimated costs to sell, significantly exceeded its carrying value.

MIS is considered its own operating segment and was previously aggregated with MDS into one reportable segment based on similar economic and qualitative factors in accordance with FASB ASC 280. As MIS is a discontinued operation, the results of MIS have been excluded from the MDS reportable segment. Accordingly, the revenues, costs of revenue, operating expenses, assets and liabilities of MIS have been reported separately in the Consolidated Statements of Operations and Comprehensive Income (Loss) and Consolidated Balance Sheets for all periods presented. The discontinued operation's balances in the Consolidated Balance Sheets do not reflect intercompany receivable balances of MIS, and the results of discontinued operations do not reflect interest expense or the allocation of the Company's corporate general and administrative expenses.

The amounts reported in (loss) income from discontinued operations, net of income taxes were as follows:



	For the Years Ended June 30,
	2014			2013			2012
Net revenues of discontinued operations	$	9,414		$	14,560		$	7,859
Costs of discontinued operations:
Cost of revenues	6,356			10,050			5,511
Selling, general and administrative	3,029			2,815			1,534
Research and development	585			83			—
Amortization of intangible assets	495			495			248
Restructuring and other charges	26			(4		)	109
Impairment of goodwill	6,687			—			—
(Loss) income from discontinued operations before income taxes	(7,764		)	1,121			457
Tax (benefit) provision	(411		)	547			161
(Loss) income from discontinued operations	$	(7,353	)	$	574		$	296

The amounts reported as assets and liabilities of the discontinued operations were as follows:



	June 30,
	2014		2013
Accounts receivable, net	$	925	$	1,269
Unbilled receivables and costs in excess of billings	248		477
Deferred income taxes	77		138
Prepaid expenses and other current assets	124		135
Property and equipment, net	475		557
Goodwill	2,283		8,970
Intangible assets, net	2,062		2,558
Other non-current assets	39		20
Assets of discontinued operations	$	6,233	$	14,124
Accounts payable	$	127	$	40
Accrued expenses	802		884
Accrued compensation	689		730
Deferred income taxes	818		1,069
Liabilities of discontinued operations	$	2,436	$	2,723

The depreciation, amortization, capital expenditures and significant operating and investing non-cash items of the discontinued operations were as follows:



	For the Years Ended June 30,
	2014		2013		2012
Depreciation	$	160	$	47	$	22
Amortization of acquired intangible assets	$	495	$	495	$	248
Capital expenditures	$	78	$	408	$	34
Impairment of goodwill	$	6,687	$	—	$	—
Stock-based compensation expense	$	245	$	86	$	44

Fiscal 2012 financial information included in the above tables only represents six months of activity for MIS based on the timing of the PDI acquisition.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 50
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

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-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 360
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-Section 45
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-URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Topic 360
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

+ Details

Acquisitions	12 Months Ended
Acquisitions	Jun. 30, 2014
Business Combinations [Abstract]
Acquisitions	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. For segment reporting, Micronetics is included in the MCE business segment. The Company acquired Micronetics for a net purchase price of $68,230 paid in cash. 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 canceled 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.

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Fair Value of Financial Instruments

12 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

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

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

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

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

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at June 30, 2014:



	Fair Value Measurements
	June 30, 2014		Level 1		Level 2		Level 3
Assets:
Operating cash	$	47,287	$	47,287	$	—	$	—
Restricted cash	265		265		—		—
Total	$	47,552	$	47,552	$	—	$	—

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

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at June 30, 2013:



	Fair Value Measurements
	June 30, 2013		Level 1		Level 2		Level 3
Assets:
U.S. Treasury bills and money market funds	$	27,023	$	27,023	$	—	$	—
Operating cash	12,103		12,103		$	—	$	—
Restricted cash	546		546		—		—
Total	$	39,672	$	39,672	$	—	$	—

- 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 + Details

Inventory

12 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

Inventory

Inventory was comprised of the following:



	June 30,
	2014		2013
Raw materials	$	13,755	$	17,512
Work in process	12,677		13,432
Finished goods	5,223		6,488
Total	$	31,655	$	37,432

There are no amounts in inventory relating to contracts having production cycles longer than one year.

Property and Equipment

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consisted of the following:



	Estimated Useful Lives (Years)	June 30,
	Estimated Useful Lives (Years)	2014			2013
Computer equipment and software	2-4	$	55,881		$	53,301
Furniture and fixtures	5	7,556			7,134
Leasehold improvements	lesser of estimated useful life or lease term	3,758			2,474
Machinery and equipment	5	14,159			11,201
Vehicles	5	—			88
		81,354			74,198
Less: accumulated depreciation and amortization		(67,210		)	(59,736		)
		$	14,144		$	14,462

In fiscal 2014 and 2013, the Company retired $715 and $1,199, respectively, of fully depreciated computer equipment and software assets that were no longer in use by the Company.

Depreciation and amortization expense related to property and equipment for the fiscal years ended June 30, 2014, 2013 and 2012 was $7,625, $8,445 and $7,837, respectively.

On June 27, 2013, the Company entered into a sales agreement and a separate short-term lease agreement in connection with the Company’s legacy Hudson, New Hampshire, facility. Pursuant to the sale agreement, the Company sold all land, land improvements, buildings and building improvements related to the facility. The loss on the sale of the facility was approximately $1,091 and is recorded in restructuring and other charges in the accompanying consolidated statement of operations. The Company temporarily leased back the facility through February 2014. During fiscal 2014, the Company signed a new lease in Hudson, New Hampshire which extends until 2024.

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

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



	June 30,
	2014		2013
Current portion	$	1,156	$	1,157
Non-current portion	2,086		3,242
Total unamortized deferred gain	$	3,242	$	4,399

Goodwill

12 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table sets forth the changes in the carrying amount of goodwill for the six months ended December 31, 2012, prior to the internal reorganization in fiscal 2013:



	ACS			MFS		Total
Balance at July 1, 2012	$	113,471		$	10,180	$	123,651
Goodwill arising from the Micronetics acquisition	46,509			—		46,509
Goodwill adjustment for the KOR acquisition	(701		)	—		(701		)
Balance at December 31, 2012	$	159,279		$	10,180	$	169,459

The goodwill adjustment for the KOR acquisition is the result of changes in fair value estimates derived from additional information obtained during the measurement period which ended December 30, 2012.

Following a series of acquisitions that expanded the Company’s capabilities, the Company initiated a reorganization in fiscal 2013 to group its product and service offerings in order to align itself with the way management currently manages its business. The MCE and MDS reporting units were determined based upon whether discrete financial information is available, if management regularly reviews the operating results of the component, the nature of the products offered to customers and the market characteristics of each reporting unit. As defined by FASB ASC 350 Intangibles-Goodwill and Other “FASB ASC 350”, goodwill is tested for impairment on an interim basis at the occurrence of certain triggering events. Events affecting reporting units such as a change in the composition or carrying amount of its net assets constitute a triggering event and require interim testing of goodwill. In fiscal 2013, the Company performed interim testing on the ACS and MFS reporting units prior to the reorganization on January 1, 2013, which indicated that the fair values of both the ACS and MFS reporting units were in excess of their carrying values, and no impairment charge was recorded.

The Company reviewed its analysis of its internally reorganized business in order to determine its reporting units in accordance with FASB ASC 350. A reporting unit is considered to be an operating segment or one level below an operating segment also known as a component. MCE has four components with discrete financial information available which are reviewed by their segment manager; however, those four components are economically similar in nature and thus have been aggregated into a single reporting unit at the operating segment level. MDS is a sole component and the reporting unit is at the operating segment level.

In fiscal 2013 and after its reorganization, the Company allocated the total carrying value of goodwill to each of the new reporting units based on the relative fair value of the reporting units calculated using a discounted cash flow analysis and in accordance with FASB ASC 350. There was no impairment of goodwill indicated subsequent to the allocation.

The following table summarizes the changes in goodwill after reallocation, for the six months ended June 30, 2013 and fiscal year ended June 30, 2014:



	MCE			MDS		Total
Balance at January 1, 2013	$	135,691		$	33,768	$	169,459
Subsequent recognition of deferred tax assets from the Micronetics acquisition	(376		)	—		(376		)
Subsequent decrease of deferred tax liabilities from the Micronetics acquisition	(414		)	—		(414		)
Other goodwill adjustments from the Micronetics acquisition	(1,118		)	—		(1,118		)
Balance at June 30, 2013	133,783			33,768		167,551
Goodwill adjustments from the Micronetics acquisition	595			—		595
Balance at June 30, 2014	$	134,378		$	33,768	$	168,146

The Company follows FASB ASC 350 in assessing whether the fair value of a reporting unit is less than its carrying amount. As of June 30, 2014, both MCE and MDS had goodwill balances and the annual impairment analysis was performed for each reporting unit in the fourth quarter of fiscal 2014. The results of the Company's step one interim goodwill impairment test indicated that the fair values of the MCE and MDS reporting units were substantially in excess of their carrying values. As such, step two of the goodwill impairment testing was not required. Consistent with prior years, the valuation was based upon a discounted cash flow analysis and corroborated by two market-based analyses: one comparing the trading multiples of public companies in similar lines of business and another based on exchange prices in actual business combinations.

Prior to the end of the August 7, 2013 measurement period for the Micronetics acquisition, the Company recorded a $91 adjustment to goodwill resulting from changes in the fair value estimates derived from additional information gathered subsequent to August 7, 2012. Additionally, the Company adjusted approximately $504 of goodwill which was identified subsequent to the measurement period as a correction of an immaterial error that was offset by deferred income taxes. The Company concluded that the impact of the correction was neither quantitatively nor qualitatively material to its June 30, 2014 consolidated balance sheet nor to each of the prior respective quarter ends’ balance sheets during fiscal 2014.

Intangible Assets

12 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets consisted of the following:



	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
June 30, 2014
Customer relationships	$	33,880	$	(12,001	)	$	21,879	6.8 years
Licensing agreements and patents	2,295		(1,686		)	609		5.0 years
Completed technologies	5,570		(3,161		)	2,409		5.3 years
Trademarks	380		(271		)	109		3.5 years
	$	42,125	$	(17,119	)	$	25,006
June 30, 2013
Customer relationships	$	33,880	$	(6,567	)	$	27,313	6.8 years
Licensing agreements and patents	3,596		(2,493		)	1,103		6.1 years
Completed technologies	5,570		(2,084		)	3,486		5.3 years
Trademarks	380		(163		)	217		3.5 years
Backlog	1,500		(1,347		)	153		1.0 year
Non-compete agreements	500		(464		)	36		5.0 years
	$	45,426	$	(13,118	)	$	32,308

Estimated future amortization expense for intangible assets remaining at June 30, 2014 is as follows:



	Year Ending June 30,
2015	$	7,007
2016	6,523
2017	5,041
2018	4,304
2019	1,760
Thereafter	371
Total future amortization expense	$	25,006

Restructuring Plan

12 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

Restructuring Plan

Restructuring Plans

During fiscal 2014, the Company announced a restructuring plan ("2014 Plan") that was implemented as part of the final phase of integration activities relating to the Company’s recent acquisitions. The integration plan includes the consolidation of manufacturing facilities, centralization of administrative functions using common information systems and processes, and realignment of research and development resources. The restructuring plan included the elimination of 70 positions largely in engineering, manufacturing and administrative functions. Additionally, the Company closed four facilities relocating all related activities to the Company's Advanced Microelectronics Center ("AMC") in Hudson, New Hampshire. The Company also completed the first phase of the Chelmsford, Massachusetts headquarters consolidation in the fourth quarter of fiscal 2014. These restructuring expenses associated with the Company's fiscal 2014 restructuring plan amounted to $5,443 and affected both the MCE and MDS reportable segments.

During the fourth quarter of fiscal 2013, the Company initiated a restructuring plan ("Q4 2013 Plan") expanding the first phase of the integration activities surrounding our recent acquisitions primarily affecting Micronetics and the MCE reportable segment. The Company eliminated 17 positions, primarily in operations, and incurred facility costs related to the loss on the sale of the Company's legacy Hudson, New Hampshire facility of approximately $1,109. The legacy Hudson, New Hampshire facility was leased back through February 2014. Restructuring expenses of $7,060 were recognized for the year ended June 30, 2013.

In the first quarter of fiscal 2013, the Company announced a restructuring plan (“Q1 2013 Plan”). 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 defense budget sequestration. The 2013 Plan primarily consisted of costs related to the reduction in force which eliminated 142 positions largely in engineering, manufacturing and administrative functions, as well as reductions associated with the first phase of the integration of Micronetics. The 2013 Plan's restructuring expenses affect the MCE reportable segment.

In fiscal 2012, the Company announced a restructuring plan (“2012 Plan”) affecting both the MCE and MDS reportable segments. The 2012 Plan primarily consisted of costs related to the reduction in force which eliminated 41 positions largely in engineering and manufacturing functions and facility costs related to outsourcing of certain manufacturing activities at the Company’s Huntsville, Alabama site. The 2012 Plan, for which expense of $2,712 was recorded in fiscal 2012, was implemented to cope with the near term uncertainties in the defense industry and improve the Company’s overall business scalability.

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
Restructuring liability at June 30, 2012	$	2,404		$	185		$	2,589
MCE restructuring charges	5,939			1,574			7,513
Cash paid	(7,456		)	(364		)	(7,820		)
Non-cash	—			(1,109		)	(1,109		)
Reversals (*)	(453		)	—			(453		)
Restructuring liability at June 30, 2013	434			286			720
MCE restructuring charges	3,961			1,512			5,473
MDS restructuring charges	55			—			55
Cash paid	(3,054		)	(966		)	(4,020		)
Reversals (*)	(25		)	(60		)	(85		)
Restructuring liability at June 30, 2014	$	1,371		$	772		$	2,143

(*) Reversals result from the finalization of severance agreements and unused outplacement services.

Income Taxes

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

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



	Year Ended June 30,
	2014			2013			2012
(Loss) income from continuing operations before income taxes:
United States	$	(6,068	)	$	(24,760	)	$	30,820
Foreign	155			477			494
	$	(5,913	)	$	(24,283	)	$	31,314
Tax (benefit) provision:
Federal:
Current	$	3,184		$	(699	)	$	10,188
Deferred	(5,281		)	(9,613		)	(2,353		)
	$	(2,097	)	$	(10,312	)	$	7,835
State:
Current	$	594		$	157		$	1,395
Deferred	(375		)	(710		)	(316		)
	$	219		$	(553	)	$	1,079
Foreign:
Current	$	(12	)	$	364		$	77
Deferred	49			—			—
	$	37		$	364		$	77
	$	(1,841	)	$	(10,501	)	$	8,991

The following is the reconciliation between the statutory federal income tax rate and the Company’s effective income tax (benefit) rate for continuing operations:



	Year Ended June 30,
	2014		2013		2012
Tax (benefit) provision at federal statutory rates	(35.0	)%	(35.0	)%	35.0	%
State income tax, net of federal tax benefit	(3.1	)	(1.8	)	2.6
Research and development credits	(14.7	)	(12.6	)	(4.2	)
Domestic manufacturing deduction	(5.3	)	—		(3.0	)
Deemed repatriation of foreign earnings	0.7		—		—
Foreign tax credits	(13.3	)	—		—
Equity compensation	2.2		1.8		1.0
Officers' compensation	11.1		—		—
Stock compensation shortfalls	24.1		—		—
Change in the fair value of the liability related to the LNX earn-out	—		—		(5.4	)
Acquisition costs	—		0.5		1.3
Valuation allowance	—		2.5		2.2
Other	2.2		1.4		(0.7	)
	(31.1	)%	(43.2	)%	28.8	%

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



	June 30,
	2014			2013
Deferred tax assets:
Inventory valuation and receivable allowances	$	8,830		$	8,805
Accrued compensation	972			944
Equity compensation	4,831			6,185
Federal and state research and development tax credit carryforwards	11,167			10,296
Gain on sale-leaseback	1,232			1,676
Other accruals	1,043			1,087
Other temporary differences	4,012			1,262
	32,087			30,255
Valuation allowance	(10,844		)	(9,032		)
Total deferred tax assets	21,243			21,223
Deferred tax liabilities:
Deferred revenue	—			(1,745		)
Property and equipment	(1,694		)	(3,144		)
Acquired intangible assets	(9,242		)	(11,371		)
Other temporary differences	(624		)	—
Total deferred tax liabilities	(11,560		)	(16,260		)
Net deferred tax assets	$	9,683		$	4,963

As reported:
Current deferred tax assets	$	15,216		$	11,534
Non-current deferred tax assets	378			81
Non-current deferred tax liabilities	(5,911		)	(6,652		)
	$	9,683		$	4,963

At June 30, 2014, the Company evaluated the need for a valuation allowance on deferred tax assets. In assessing whether the deferred tax assets are realizable, management considered whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company continues to conclude that it is more likely than not that most domestic deferred tax assets would be realizable based on the financial performance in fiscal year 2014, projected future taxable income and the reversal of existing deferred tax liabilities.

The Company continues to record a full valuation allowance on certain state research and development (“R&D”) and investment tax credits, and stock basis differences as of June 30, 2014 as management continues to believe that it is not more likely than not that these deferred tax assets would be realized. Any future reversals of the valuation allowance will impact income tax expense.

The Company had state research and development credit carryforwards of $9,419, which will expire 2015 through 2028. The Company also had state investment tax credits carryforwards of $312.

Upon consideration of changing business conditions and cash position in its foreign subsidiaries, management has determined that it would no longer need to indefinitely reinvest the earnings of certain foreign subsidiaries. Therefore, the Company has accrued deferred taxes in association with $520 in undistributed earnings and profits.

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

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



	Year Ended June 30,
	2014			2013
Unrecognized tax benefits, beginning of period	$	2,923		$	2,642
Increases for previously recognized positions	102			140
Decreases for previously recognized positions	(166		)	—
Increases for currently recognized positions	283			141
Unrecognized tax benefits, end of period	$	3,142		$	2,923

The $3,142 of unrecognized tax benefits as of June 30, 2014, if released, would reduce income tax expense.

The Company’s major tax jurisdiction is the U.S. and the open tax years are fiscal 2010 through 2014.

The Company expects that there will not be any material changes in its reserves for unrecognized tax benefits within the next 12 months. Subsequent to June 30, 2014, the Company received notification that it will be subject to federal income tax audit for the fiscal year 2012.

Commitments and Contingencies

12 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

LEGAL CLAIMS

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 June 30, 2014, 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 $25,964.

LEASE COMMITMENTS

The Company leases certain facilities, machinery and equipment under various cancelable and non-cancelable operating leases that expire at various dates through fiscal 2023. The leases contain various renewal options. Rental charges are subject to escalation for increases in certain operating costs of the lessor. For tenant improvement allowances and rent holidays, the Company records a deferred rent liability on the consolidated balance sheets and amortizes the deferred rent over the terms of the leases as reductions to rent expense on the consolidated statements of operations. Rental expense during the fiscal years ended June 30, 2014, 2013 and 2012 was $4,213, $4,167 and $3,587, respectively. Minimum lease payments under the Company’s non-cancelable operating leases are as follows:



	Year Ending June 30,
2015	$	4,649
2016	4,525
2017	4,284
2018	1,910
2019	1,923
Thereafter	7,984
Total minimum lease payments	$	25,275

Debt	12 Months Ended
Debt	Jun. 30, 2014
Debt Disclosure [Abstract]
Debt	Debt SENIOR UNSECURED CREDIT FACILITY 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 $200,000 senior unsecured revolving line of credit (the “Revolver”). The Company can borrow up to $200,000 based on its consolidated EBITDA for the prior trailing four quarters and 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 $50,000. 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 or 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. 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. As of June 30, 2014, the Company is in compliance with the covenants in the Credit Agreement . In addition, the Credit Agreement contains certain customary representations and warranties, and events of default. As of June 30, 2014, there was $75,794 of borrowing capacity available based on our consolidated EBITDA for the trailing four quarters ended June 30, 2014. There were no borrowings outstanding on the Credit Agreement; however, there were outstanding letters of credit of $4,070. The Company was in compliance with all covenants and conditions under the Credit Agreement.

Shareholders' Equity	12 Months Ended
Shareholders' Equity	Jun. 30, 2014
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity PREFERRED STOCK The Company is authorized to issue 1,000 shares of preferred stock with a par value of $0.01 per share. SHAREHOLDER RIGHTS PLAN The Company has adopted a Shareholder Rights Plan, the purpose of which is, among other things, to enhance the Board’s ability to protect the shareholder interests and to ensure that shareholders receive fair treatment in the event any coercive takeover attempt of the Company is made in the future. The following summary description of the Shareholder Rights Plan does not purport to be complete and is qualified in its entirety by reference to the Company’s Shareholder Rights Plan, which has been previously filed with the Securities and Exchange Commission as an exhibit to a Registration Statement on Form 8-A. In connection with the adoption of the Shareholder Rights Plan, the Board of Directors of the Company declared a dividend distribution of one preferred stock purchase right (a “Right”) for each outstanding share of common stock to shareholders of record as of the close of business on December 23, 2005. The Rights currently are not exercisable and are attached to and trade with the outstanding shares of common stock. Under the Shareholder Rights Plan, the Rights become exercisable if a person becomes an “acquiring person” by acquiring 15% or more of the outstanding shares of common stock or if a person commences a tender offer that would result in that person owning 15% or more of the common stock. If a person becomes an “acquiring person,” each holder of a Right (other than the acquiring person) would be entitled to purchase, at the then-current exercise price, such number of shares of the Company’s preferred stock which are equivalent to shares of common stock having a value of twice the exercise price of the Right. If the Company is acquired in a merger or other business combination transaction after any such event, each holder of a Right would then be entitled to purchase, at the then-current exercise price, shares of the acquiring company’s common stock having a value of twice the exercise price of the Right.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 4
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
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-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (SX 210.3-04)
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

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

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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-Paragraph d
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Number 210
-Section 04
-Article 3

+ Details

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company maintains a qualified 401(k) plan (the “401(k) Plan”) for its U.S. employees. The 401(k) Plan covers U.S. employees who have attained the age of 21. During fiscal 2014, 2013 and 2012, the Company matched employee contributions up to 3% of eligible compensation. The Company may also make optional contributions to the plan for any plan year at its discretion. Expense recognized by the Company for matching contributions related to the 401(k) plan was $1,896, $1,992 and $2,109 during the fiscal years ended June 30, 2014, 2013 and 2012, respectively.

Stock-Based Compensation

12 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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 8,018 shares at June 30, 2014. On November 7, 2013, the Company's number of shares authorized for issuance under the 2005 Plan increased by 254 shares as a result of forfeitures, cancellations and/or terminations from the Company's 1997 Stock Option Plan (the "1997 Plan"). 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 1,380 shares available for future grant under the 2005 Plan at June 30, 2014.

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

EMPLOYEE STOCK PURCHASE PLAN

The number of shares authorized for issuance under the Company’s 1997 Employee Stock Purchase Plan, as amended and restated (“ESPP”), is 1,400 shares. Under the ESPP, rights are granted to purchase shares of common stock at 85% of the lesser of the market value of such shares at either the beginning or the end of each six-month offering period. The ESPP permits employees to purchase common stock through payroll deductions, which may not exceed 10% of an employee’s compensation as defined in the ESPP. The number of shares issued under the ESPP during fiscal years 2014, 2013 and 2012 was 92, 104 and 104, respectively. Shares available for future purchase under the ESPP totaled 164 at June 30, 2014.

STOCK OPTION AND AWARD ACTIVITY

The following table summarizes activity of the Company’s stock option plans since June 30, 2012:



	Options Outstanding
	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value as of 6/30/2014
Outstanding at June 30, 2012	2,185		$	14.46	2.89
Granted	271		4.75
Exercised	(74	)	5.88
Cancelled	(312	)	14.83
Outstanding at June 30, 2013	2,070		$	13.44	2.60
Granted	—		—
Exercised	(113	)	6.23
Cancelled	(522	)	19.59
Outstanding at June 30, 2014	1,435		$	11.76	2.23	$	2,564
Vested and expected to vest at June 30, 2014	1,434		$	11.77	2.22	$	2,560
Exercisable at June 30, 2014	1,382		$	12.01	2.05	$	2,249

The intrinsic value of the options exercised during fiscal years 2014, 2013 and 2012 was $578, $233 and $534, respectively. Non-vested stock options are subject to the risk of forfeiture until the fulfillment of specified conditions. As of June 30, 2014, there was $118 of total unrecognized compensation cost related to non-vested options granted under the Company’s stock plans that is expected to be recognized over a weighted-average period of 0.91 years from June 30, 2014. As of June 30, 2013, there was $354 of total unrecognized compensation cost related to non-vested options granted under the Company’s stock plans that was expected to be recognized over a weighted-average period of 1.66 years from June 30, 2013.

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 canceled 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 with stock options in the Company's common stock. The replacement stock options granted were determined based on a conversion ratio provided in the Merger Agreement. The 271 stock options granted in the table above reflect the replacement of the unvested Micronetics stock options as of August 8, 2012.

The following table summarizes the status of the Company’s non-vested restricted stock awards since June 30, 2012:



	Non-Vested Restricted Stock Awards
	Number of Shares		Weighted Average Grant Date Fair Value
Outstanding at June 30, 2012	1,275		$	12.71
Granted	1,327		9.47
Vested	(474	)	11.97
Forfeited	(121	)	11.24
Outstanding at June 30, 2013	2,007		$	10.82
Granted	952		9.35
Vested	(698	)	10.81
Forfeited	(170	)	10.95
Outstanding at June 30, 2014	2,091		$	10.15

An aggregate of 70 shares of restricted stock that were granted to employees of Micronetics joining the Company in connection with the acquisition of Micronetics in August 2012 are included in the granted figure in the table above.

The total fair value of restricted stock awards vested during fiscal year 2014, 2013 and 2012 was $6,543, $4,488 and $5,848, respectively.

Non-vested restricted stock awards are subject to the risk of forfeiture until the fulfillment of specified conditions. As of June 30, 2014, there was $12,768 of total unrecognized compensation cost related to non-vested restricted stock awards granted under the Company’s stock plans that is expected to be recognized over a weighted-average period of 2.4 years from June 30, 2014. As of June 30, 2013, there was $11,588 of total unrecognized compensation cost related to non-vested restricted stock awards granted under the Company’s stock plans that is expected to be recognized over a weighted-average period of 2.6 years from June 30, 2013.

STOCK-BASED COMPENSATION EXPENSE AND ASSUMPTIONS

The Company recognized the full expense of its share-based payment plans in the consolidated statements of operations for the fiscal years 2014, 2013 and 2012 in accordance with FASB ASC 718 and did not capitalize any such costs on the consolidated balance sheets, as such costs that qualified for capitalization were not material. Under the fair value recognition provisions of FASB ASC 718, stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense over the service period. The following table presents share-based compensation expenses from continuing operations included in the Company’s consolidated statement of operations:



	Year Ended June 30,
	2014			2013			2012
Cost of revenues	$	601		$	371		$	324
Selling, general and administrative	7,024			6,436			5,290
Research and development	1,374			1,047			958
Share-based compensation expense before tax	8,999			7,854			6,572
Income taxes	(3,420		)	(2,877		)	(2,340		)
Share-based compensation expense, net of income taxes	$	5,579		$	4,977		$	4,232

There were no options granted during fiscal years 2014 or 2012. The only stock options granted during fiscal year 2013 were related to the Micronetics stock option rollover at the acquisition date. The following table sets forth the weighted-average key assumptions and fair value results for stock options granted during fiscal years 2014, 2013 and 2012:



	Years Ended June 30,
	2014			2013			2012
Weighted-average fair value of options granted	$	—		$	3.80		$	—
Option life(1)	—			4.5			—
Risk-free interest rate(2)	—		%	0.73		%	—		%
Stock volatility(3)	—		%	58		%	—		%
Dividend rate	—		%	—		%	—		%


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


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


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

Operating Segment, Geographic Information and Significant Customers

12 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Operating Segment, Geographic Information and Significant Customers

Operating segments are defined as components of an enterprise evaluated regularly by the Company's chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company utilizes the management approach for determining reportable segments in accordance with the authoritative guidance. The following operating 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:

•

Mercury Commercial Electronics (“MCE”): this operating segment delivers affordable, innovative, commercially developed, specialized processing subsystems for critical commercial, defense and intelligence applications. MCE delivers secure solutions that are based upon open architectures and widely adopted industry standards. MCE delivers rapid time-to-value and service and support to prime defense contractors and commercial customers. MCE provides solutions to prime contractor customers on a variety of programs. MCE also provides technology building blocks to Mercury Defense Systems on key classified and unclassified programs. MCE has a legacy of embedded multi-computing and embedded sensor processing expertise. More recently, MCE has added substantial capabilities around radio frequency ("RF") and microwave technologies as well as emerging new manufacturing capabilities to bring design, production and test capabilities of its RF and microwave solutions to market on a more scalable basis.

•

Mercury Defense Systems (“MDS”): this operating segment provides significant capabilities relating to pre-integrated, open, affordable electronic warfare ("EW"), electronic attack ("EA") and electronic counter measure ("ECM") subsystems, and signals intelligence ("SIGINT") and electro-optical/infrared (EO/IR) technologies. MDS deploys these solutions on behalf of defense prime contractors and the Department of Defense ("DoD"), leveraging commercially available technologies and solutions (or “building blocks”) from the MCE business and other commercial suppliers. MDS leverages this technology to develop integrated sensor processing subsystems, often including classified application-specific software and intellectual property ("IP") for the C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), EW, and ECM markets. MDS brings significant domain expertise to customers, drawing on over 25 years of experience in EW, SIGINT, and radar environment test and simulation.

The Company's operating segments were evaluated in accordance with FASB ASC 280 “Segment Reporting” in order to determine which operating segments qualified as reportable segments. The Company determined that both MCE and MDS met the quantitative thresholds for reporting.

Prior year results have been restated for the reclassification of the MIS operating segment as discontinued operations. MIS was previously aggregated with MDS into one reportable segment based on similar economic and qualitative factors in accordance with FASB ASC 280 (see Note C).

The accounting policies of the reportable segments are the same as those described in “Note B: Summary of Significant Accounting Policies.” The profitability measure employed by the Company and its 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.

Adjusted EBITDA is defined as income from continuing operations before interest income and expense, income taxes, depreciation, amortization of acquired intangible assets, restructuring and other charges, impairment of long-lived assets, acquisition costs and other related expenses, fair value adjustments from purchase accounting and stock-based compensation costs. 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:



	MCE		MDS		Eliminations			Total
YEAR ENDED JUNE 30, 2014
Net revenues to unaffiliated customers	$	175,766	$	34,217	$	(1,254	)	$	208,729
Intersegment revenues	9,032		—		(9,032		)	$	—
Net revenues	$	184,798	$	34,217	$	(10,286	)	$	208,729
Adjusted EBITDA	$	18,495	$	5,727	$	(700	)	$	23,522
YEAR ENDED JUNE 30, 2013
Net revenues to unaffiliated customers	$	152,606	$	41,491	$	134		$	194,231
Intersegment revenues	13,744		—		(13,744		)	—
Net revenues	$	166,350	$	41,491	$	(13,610	)	$	194,231
Adjusted EBITDA	$	2,812	$	7,097	$	31		$	9,940
YEAR ENDED JUNE 30, 2012
Net revenues to unaffiliated customers	$	203,979	$	32,731	$	360		$	237,070
Intersegment revenues	12,476		—		(12,476		)	—
Net revenues	$	216,455	$	32,731	$	(12,116	)	$	237,070
Adjusted EBITDA	$	40,521	$	7,325	$	148		$	47,994

The following table reconciles the Company's (loss) income from continuing operations, the most directly comparable GAAP financial measure, to its adjusted EBITDA:



	Year Ended June 30,
(In thousands)	2014			2013			2012
(Loss) income from continuing operations	$	(4,072	)	$	(13,782	)	$	22,323
Interest expense, net	40			31			27
Tax (benefit) provision	(1,841		)	(10,501		)	8,991
Depreciation	7,625			8,445			7,837
Amortization of intangible assets	7,328			8,222			3,551
Restructuring and other charges	5,443			7,060			2,712
Acquisition costs and other related expenses	—			318			1,219
Fair value adjustments from purchase accounting	—			2,293			(5,238		)
Stock-based compensation expense	8,999			7,854			6,572
Adjusted EBITDA	$	23,522		$	9,940		$	47,994

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



	US		Europe		Asia Pacific		Eliminations			Total
YEAR ENDED JUNE 30, 2014
Net revenues to unaffiliated customers	$	202,845	$	2,806	$	3,078	$	—		$	208,729
Inter-geographic revenues	3,479		1,550		140		(5,169		)	—
Net revenues	$	206,324	$	4,356	$	3,218	$	(5,169	)	$	208,729
Identifiable long-lived assets	$	14,090	$	48	$	6	$	—		$	14,144
YEAR ENDED JUNE 30, 2013
Net revenues to unaffiliated customers	$	182,527	$	4,632	$	7,072	$	—		$	194,231
Inter-geographic revenues	8,734		385		147		(9,266		)	—
Net revenues	$	191,261	$	5,017	$	7,219	$	(9,266	)	$	194,231
Identifiable long-lived assets	$	14,429	$	33	$	—	$	—		$	14,462
YEAR ENDED JUNE 30, 2012
Net revenues to unaffiliated customers	$	227,433	$	4,983	$	4,654	$	—		$	237,070
Inter-geographic revenues	5,511		747		175		(6,433		)	—
Net revenues	$	232,944	$	5,730	$	4,829	$	(6,433	)	$	237,070
Identifiable long-lived assets	$	15,699	$	32	$	2	$	—		$	15,733

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

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



	Year Ended June 30,
	2014		2013		2012
Lockheed Martin Corporation	18	%	17	%	15	%
Raytheon Company	13		10		23
Northrop Grumman Corporation	12		11		18
	43	%	38	%	56	%

Although the Company has three customers from which it derives 10% or more of its revenue, the sales to each of these customers are spread across multiple programs and platforms. For the fiscal years ended June 30, 2014, 2013 and 2012, the Aegis program individually comprised 15%, 10% and 12% of the Company's revenues, respectively.

- 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
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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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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-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
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-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
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-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-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
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Subsequent Events	12 Months Ended
Subsequent Events	Jun. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	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.

Supplementary Information (Unaudited)

12 Months Ended

Jun. 30, 2014

Quarterly Financial Information Disclosure [Abstract]

Supplementary Information (Unaudited)

SUPPLEMENTARY INFORMATION (UNAUDITED)

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



2014 (In thousands, except per share data)	1ST QUARTER			2ND QUARTER			3RD QUARTER			4TH QUARTER
Net revenues	$	50,726		$	50,932		$	53,393		$	53,678
Gross margin	$	21,562		$	24,325		$	24,376		$	24,481
Loss from operations	$	(4,041	)	$	(1,661	)	$	(1,407	)	$	(296	)
(Loss) income from continuing operations before income taxes	$	(3,623	)	$	(1,229	)	$	(1,079	)	$	18
Income tax (benefit) provision	$	(1,319	)	$	(442	)	$	(809	)	$	729
Loss from continuing operations	$	(2,304	)	$	(787	)	$	(270	)	$	(711	)
Income (loss) from discontinued operations, net of income taxes	48			(258		)	(308		)	(6,835		)
Net loss	$	(2,256	)	$	(1,045	)	$	(578	)	$	(7,546	)
Net loss per share:
Basic net loss per share:
Loss from continuing operations	$	(0.07	)	$	(0.02	)	$	(0.01	)	$	(0.02	)
Income (loss) from discontinued operations	$	—		$	(0.01	)	$	(0.01	)	$	(0.22	)
Net loss	$	(0.07	)	$	(0.03	)	$	(0.02	)	$	(0.24	)
Diluted net loss per share:
Loss from continuing operations	$	(0.07	)	$	(0.02	)	$	(0.01	)	$	(0.02	)
Income (loss) from discontinued operations	$	—		$	(0.01	)	$	(0.01	)	$	(0.22	)
Net loss	$	(0.07	)	$	(0.03	)	$	(0.02	)	$	(0.24	)
2013 (In thousands, except per share data)	1ST QUARTER			2ND QUARTER			3RD QUARTER			4TH QUARTER
Net revenues	$	45,680		$	46,371		$	50,364		$	51,816
Gross margin	$	19,239		$	16,524		$	21,350		$	21,045
Loss from operations	$	(11,524	)	$	(7,362	)	$	(1,850	)	$	(4,074	)
Loss from continuing operations before income taxes	$	(11,191	)	$	(7,259	)	$	(1,831	)	$	(4,002	)
Income tax benefit	$	(3,817	)	$	(2,299	)	$	(2,341	)	$	(2,044	)
(Loss) income from continuing operations	$	(7,374	)	$	(4,960	)	$	510		$	(1,958	)
Income (loss) from discontinued operations, net of income taxes	$	174		$	176		$	278		$	(54	)
Net (loss) income	$	(7,200	)	$	(4,784	)	$	788		$	(2,012	)
Net (loss) earnings per share:
Basic net (loss) earnings per share:
(Loss) income from continuing operations	$	(0.25	)	$	(0.16	)	$	0.02		$	(0.06	)
Income (loss) from discontinued operations	$	0.01		$	—		$	0.01		$	(0.01	)
Net (loss) income	$	(0.24	)	$	(0.16	)	$	0.03		$	(0.07	)
Diluted net (loss) earnings per share:
(Loss) income from continuing operations	$	(0.25	)	$	(0.16	)	$	0.02		$	(0.06	)
Income (loss) from discontinued operations	$	0.01		$	—		$	0.01		$	(0.01	)
Net (loss) income	$	(0.24	)	$	(0.16	)	$	0.03		$	(0.07	)

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

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2014
Accounting Policies [Abstract]
Principles Of Consolidation	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated.
Business Combinations	BUSINESS COMBINATIONS The Company utilizes the acquisition method of accounting under FASB 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	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	REVENUE RECOGNITION The Company relies upon FASB ASC 605, Revenue Recognition to account for its revenue transactions. Revenue 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. Out-of-pocket expenses that are reimbursable by the customer are included in revenue and cost of revenue. 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 uses FASB Accounting Standards Update (“ASU”) No. 2009-13 (“FASB ASU 2009-13”), Multiple-Deliverable Revenue Arrangements. FASB ASU 2009-13 establishes a selling price hierarchy for determining the selling price of a deliverable, which includes: (1) vendor-specific objective evidence (“VSOE”) if available; (2) third-party evidence (“TPE”) if VSOE is not available; and (3) best estimated selling price (“BESP”), if neither VSOE nor TPE is available. Additionally, FASB ASU 2009-13 expands the disclosure requirements related to a vendor’s multiple-deliverable revenue arrangements. 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. In accordance with 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’s revenue arrangements generally do not include a general right of return relative to delivered products. 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. 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. The Company also engages in long-term contracts for development, production and services activities which it accounts for consistent with FASB ASC 605-35, Accounting for Performance of Construction-Type and Certain Production-Type Contracts, and other relevant revenue recognition accounting literature. The Company considers the nature of these contracts and the types of products and services provided when determining the proper accounting for a particular contract. Generally for fixed-price contracts, other than service-type contracts, revenue is recognized primarily under the percentage of completion method or, for certain short-term contracts, by the completed contract method. Revenue from service-type fixed-price contracts is recognized ratably over the contract period or by other appropriate input or output methods to measure service provided, and contract costs are expensed as incurred. The Company establishes billing terms at the time project deliverables and milestones are agreed. Revenues recognized in excess of the amounts invoiced to clients are classified as unbilled receivables. The risk to the Company on a fixed-price contract is that if estimates to complete the contract change from one period to the next, profit levels will vary from period to period. For time and materials contracts, revenue reflects the number of direct labor hours expended in the performance of a contract multiplied by the contract billing rate, as well as reimbursement of other billable direct costs. For all types of contracts, the Company recognizes anticipated contract losses as soon as they become known and estimable. The use of contract accounting requires significant judgment relative to estimating total contract revenues and costs, including assumptions relative to the length of time to complete the contract, the nature and complexity of the work to be performed, anticipated increases in wages and prices for subcontractor services and materials, and the availability of subcontractor services and materials. The Company’s estimates are based upon the professional knowledge and experience of its engineers, program managers and other personnel, who review each long-term contract monthly to assess the contract’s schedule, performance, technical matters and estimated cost at completion. Changes in estimates are applied retrospectively and when adjustments in estimated contract costs are identified, such revisions may result in current period adjustments to earnings applicable to performance in prior periods. Contract costs also may include estimated contract recoveries for matters such as contract changes and claims for unanticipated contract costs. The Company records revenue associated with these matters only when the amount of recovery can be estimated reliably and realization is probable. Assumed recoveries for claims included in contracts in process were not material at June 30, 2013 or 2014. The Company defines service revenues as revenue from activities that are not associated with the design, development, production, or delivery of tangible assets, software or specific capabilities sold by us. Examples of the Company's service revenues include: analyst services and systems engineering support, consulting, maintenance and other support, testing and installation. The Company combines its product and service revenues into a single class as services revenues do not exceed 10 percent of total revenues. The Company does not provide its customers with rights of product return, other than those related to warranty provisions that permit repair or replacement of defective goods. The Company accrues for anticipated warranty costs upon product shipment. Revenues from product royalties are recognized upon invoice by the Company. Additionally, all revenues are reported net of government assessed taxes (e.g. sales taxes or value-added taxes).
Cash And Cash Equivalents	CASH AND CASH EQUIVALENTS Cash equivalents, consisting of highly liquid money market funds and U.S. government and U.S. government agency issues with original maturities of 90 days or less at the date of purchase, are carried at fair market value which approximates cost. The Company also has restricted cash which is classified as a non-current asset due to the length of the restriction. RESTRICTED CASH The Company had restricted cash balances of $265 and $546 as of June 30, 2014 and 2013, respectively. The balances are classified as restricted cash on the accompanying consolidated balance sheet and are reflected in non-current assets. The balances at June 30, 2014 and 2013 included restrictions related to certain contracts with foreign customers that require a certificate of deposit to be held at a commercial bank until performance of the contracts have been completed.
Concentration Of Credit Risk	CONCENTRATION OF CREDIT RISK Financial instruments that potentially expose the Company to concentrations of credit risk consist principally of cash, cash equivalents and accounts receivable. The Company places its cash and cash equivalents with financial institutions that management believes are of high credit quality. At June 30, 2014 and 2013, the Company had $47,287 and $39,126, respectively, of cash and cash equivalents on deposit or invested with its financial and lending institutions. The Company provides credit to customers in the normal course of business. The Company performs ongoing credit evaluations of its customers’ financial condition and limits the amount of credit extended when deemed necessary but generally does not require collateral. At June 30, 2014, five customers accounted for 55% of the Company's receivables, unbilled receivables and costs in excess of billings. At June 30, 2013, five customers accounted for 42% of the Company’s receivables, unbilled receivables and costs in excess of billings.
Inventory	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 evaluates inventory for net realizable value. Once an item is written down, the value becomes the new inventory cost basis. The Company reduces the value of inventory for excess and obsolete inventory, consisting of on-hand and non-cancelable on-order inventory in excess of estimated usage. The excess and obsolete inventory evaluation is based upon assumptions about future demand, product mix and possible alternative uses.
Goodwill And Acquired Intangible Assets	GOODWILL AND INTANGIBLE ASSETS Goodwill is the amount by which the cost of the acquired net assets in a business acquisition exceeded the fair values of the net identifiable assets on the date of purchase. Goodwill is not amortized in accordance with the requirements of FASB ASC 350, Intangibles-Goodwill and Other (“FASB ASC 350”). Goodwill is assessed for impairment at least annually, on a reporting unit basis, or more frequently when events and circumstances occur indicating that the recorded goodwill may be impaired. If the book value of a reporting unit exceeds its fair value, the implied fair value of goodwill is compared with the carrying amount of goodwill. If the carrying amount of goodwill exceeds the implied fair value, an impairment loss is recorded in an amount equal to that excess. Under FASB ASC 350, the Company has the option to assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount to determine whether further impairment testing is necessary. Intangible assets result from the Company’s various business acquisitions (see Note I) and certain licensed technologies, and consist of identifiable intangible assets, including completed technology, licensing agreements, customer relationships, trademarks, backlog, and non-compete agreements. Intangible assets are reported at cost, net of accumulated amortization and are either amortized on a straight-line basis over their estimated useful lives of up to seven years or over the period the economic benefits of the intangible asset are consumed.
Long-Lived Assets	LONG-LIVED ASSETS Long-lived assets primarily include property and equipment and acquired intangible assets. The Company regularly evaluates its long-lived assets for events and circumstances that indicate a potential impairment in accordance with FASB ASC 360, Property, Plant, and Equipment (“FASB ASC 360”). The Company reviews long-lived assets for impairment whenever events or changes in business circumstances indicate that the carrying amount of the assets may not be fully recoverable or that the useful lives of these assets are no longer appropriate. Each impairment test is based on a comparison of the estimated undiscounted cash flows of the asset as compared to the recorded value of the asset. If impairment is indicated, the asset is written down to its estimated fair value.
Property And Equipment	PROPERTY AND EQUIPMENT Property and equipment are the long-lived, physical assets of the Company acquired for use in the Company’s normal business operations and are not intended for resale by the Company. These assets are recorded at cost. Renewals and betterments that increase the useful lives of the assets are capitalized. Repair and maintenance expenditures that increase the efficiency of the assets are expensed as incurred. Equipment under capital lease is recorded at the present value of the minimum lease payments required during the lease period. Depreciation is based on the estimated useful lives of the assets using the straight-line method (see Note G). As assets are retired or sold, the related cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations. Expenditures for major software purchases and software developed for internal use are capitalized and depreciated using the straight-line method over the estimated useful lives of the related assets, which are generally three years. For software developed for internal use, all external direct costs for material and services and certain payroll and related fringe benefit costs are capitalized in accordance with FASB ASC 350. During fiscal 2014, 2013 and 2012, the Company capitalized $362, $91 and $1,092 of software development costs.
Deferred Revenues And Customer Advances	DEFERRED REVENUES AND CUSTOMER ADVANCES Deferred revenues consist of deferred product revenue, billings in excess of revenues, and deferred service revenue. Deferred product revenue represents amounts that have been invoiced to customers, but are not yet recognizable as revenue because one or more of the conditions for revenue recognition have not been met. Billings in excess of revenues represents milestone billing arrangements on percentage of completion projects where the billings of the contract exceed recognized revenues. Deferred service revenue primarily represents amounts invoiced to customers for annual maintenance contracts or extended warranty concessions, which are recognized ratably over the term of the arrangements. Customer advances represent deposits received from customers on an order.
Income Taxes	INCOME TAXES The Company accounts for income taxes under FASB ASC 740, Income Taxes (“FASB ASC 740”). The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the Company’s consolidated financial statements. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates for the year in which the differences are expected to reverse. The Company records a valuation allowance against net deferred tax assets if, based upon the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. FASB ASC 740 requires a two-step approach to recognizing and measuring uncertain tax positions. First, the tax position must be evaluated to determine the likelihood that it will be sustained upon external examination. If the tax position is deemed more-likely-than-not to be sustained, the tax position is then assessed to determine the amount of benefit to recognize in the financial statements. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company recognizes interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense.
Product Warranty Accrual	PRODUCT WARRANTY ACCRUAL The Company’s product sales generally include a 12 month standard hardware warranty. At time of product shipment, the Company accrues for the estimated cost to repair or replace potentially defective products. Estimated warranty costs are based upon prior actual warranty costs for substantially similar transactions and any specifically identified warranty requirements. Product warranty accrual is included as part of accrued expenses in the accompanying consolidated balance sheets.
Research And Development Costs	RESEARCH AND DEVELOPMENT COSTS Research and development costs are expensed as incurred. Research and development costs are primarily made up of labor charges and prototype material and development expenses.
Stock-Based Compensation	STOCK-BASED COMPENSATION Stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense on a straight-line basis over the requisite service period, which generally represents the vesting period, and includes an estimate of the awards that will be forfeited. The Company uses the Black-Scholes valuation model for estimating the fair value on the date of grant of stock options. The fair value of stock option awards is affected by the Company’s stock price as well as valuation assumptions, including the volatility of the Company’s stock price, expected term of the option, risk-free interest rate and expected dividends. The fair value of restricted stock awards are based on the market price on the date of grant.
Net Earnings Per Share	NET EARNINGS PER SHARE Basic net earnings per share is calculated by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net earnings per share computation includes the effect of shares which would be issuable upon the exercise of outstanding stock options and the vesting of restricted stock, reduced by the number of shares which are assumed to be purchased by the Company under the treasury stock method.
Accumulated Other Comprehensive Income	ACCUMULATED OTHER COMPREHENSIVE INCOME Accumulated other comprehensive income includes foreign currency translation adjustments and unrealized gains on investments.
Foreign Currency	FOREIGN CURRENCY Local currencies are used as the functional currency for the Company’s subsidiaries in Europe and Japan. The accounts of foreign subsidiaries are translated using exchange rates in effect at period-end for assets and liabilities and at average exchange rates during the period for results of operations. The related translation adjustments are reported in accumulated other comprehensive income in shareholders’ equity. Gains (losses) resulting from foreign currency transactions are included in other income (expense) and were immaterial for all periods presented.
Recently Issued Accounting Pronouncements	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In July 2013, the FASB issued ASU No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, an amendment of the FASB Accounting Standards Codification. The ASU requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist and certain criteria are met. The ASU is effective prospectively for annual reporting periods beginning after December 15, 2013. This guidance is not expected to have a material impact to the Company's consolidated financial statements. In April 2014, the FASB ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360), an amendment of the FASB Accounting Standards Codification. The ASU clarifies the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity's operations and financial results. Additionally, the amendments in this ASU require expanded disclosure for discontinued operations to provide users with more information about the assets, liabilities, revenues, and expenses. The ASU is effective for the Company on July 1, 2015, including interim periods within that reporting period and the Company has not elected to early adopt the guidance. This guidance is not expected to have a material impact on the Company's consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on July 1, 2017 and early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Schedule of Product Warranty Liability

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



	Fiscal 2014			Fiscal 2013			Fiscal 2012
Beginning balance at July 1,	$	2,522		$	1,360		$	894
Warranty assumed from Micronetics acquisition	—			245			—
Accruals for warranties issued during the period	1,951			4,592			2,445
Settlements made during the period	(2,395		)	(3,675		)	(1,979		)
Ending balance at June 30,	$	2,078		$	2,522		$	1,360

Basic and Diluted Weighted Average Shares Outstanding

Basic and diluted weighted average shares outstanding were as follows:



	Years Ended June 30,
	2014	2013	2012
Basic weighted-average shares outstanding	31,000	30,128	29,477
Effect of dilutive equity instruments	—	—	608
Diluted weighted-average shares outstanding	31,000	30,128	30,085

Discontinued Operations (Tables)

12 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations

The amounts reported in (loss) income from discontinued operations, net of income taxes were as follows:



	For the Years Ended June 30,
	2014			2013			2012
Net revenues of discontinued operations	$	9,414		$	14,560		$	7,859
Costs of discontinued operations:
Cost of revenues	6,356			10,050			5,511
Selling, general and administrative	3,029			2,815			1,534
Research and development	585			83			—
Amortization of intangible assets	495			495			248
Restructuring and other charges	26			(4		)	109
Impairment of goodwill	6,687			—			—
(Loss) income from discontinued operations before income taxes	(7,764		)	1,121			457
Tax (benefit) provision	(411		)	547			161
(Loss) income from discontinued operations	$	(7,353	)	$	574		$	296

The amounts reported as assets and liabilities of the discontinued operations were as follows:



	June 30,
	2014		2013
Accounts receivable, net	$	925	$	1,269
Unbilled receivables and costs in excess of billings	248		477
Deferred income taxes	77		138
Prepaid expenses and other current assets	124		135
Property and equipment, net	475		557
Goodwill	2,283		8,970
Intangible assets, net	2,062		2,558
Other non-current assets	39		20
Assets of discontinued operations	$	6,233	$	14,124
Accounts payable	$	127	$	40
Accrued expenses	802		884
Accrued compensation	689		730
Deferred income taxes	818		1,069
Liabilities of discontinued operations	$	2,436	$	2,723

The depreciation, amortization, capital expenditures and significant operating and investing non-cash items of the discontinued operations were as follows:



	For the Years Ended June 30,
	2014		2013		2012
Depreciation	$	160	$	47	$	22
Amortization of acquired intangible assets	$	495	$	495	$	248
Capital expenditures	$	78	$	408	$	34
Impairment of goodwill	$	6,687	$	—	$	—
Stock-based compensation expense	$	245	$	86	$	44

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at June 30, 2013:



	Fair Value Measurements
	June 30, 2013		Level 1		Level 2		Level 3
Assets:
U.S. Treasury bills and money market funds	$	27,023	$	27,023	$	—	$	—
Operating cash	12,103		12,103		$	—	$	—
Restricted cash	546		546		—		—
Total	$	39,672	$	39,672	$	—	$	—

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at June 30, 2014:



	Fair Value Measurements
	June 30, 2014		Level 1		Level 2		Level 3
Assets:
Operating cash	$	47,287	$	47,287	$	—	$	—
Restricted cash	265		265		—		—
Total	$	47,552	$	47,552	$	—	$	—

Inventory (Tables)

12 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

Inventory

Inventory was comprised of the following:



	June 30,
	2014		2013
Raw materials	$	13,755	$	17,512
Work in process	12,677		13,432
Finished goods	5,223		6,488
Total	$	31,655	$	37,432

Property and Equipment (Tables)

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consisted of the following:



	Estimated Useful Lives (Years)	June 30,
	Estimated Useful Lives (Years)	2014			2013
Computer equipment and software	2-4	$	55,881		$	53,301
Furniture and fixtures	5	7,556			7,134
Leasehold improvements	lesser of estimated useful life or lease term	3,758			2,474
Machinery and equipment	5	14,159			11,201
Vehicles	5	—			88
		81,354			74,198
Less: accumulated depreciation and amortization		(67,210		)	(59,736		)
		$	14,144		$	14,462

Unamortized Deferred Gain



	June 30,
	2014		2013
Current portion	$	1,156	$	1,157
Non-current portion	2,086		3,242
Total unamortized deferred gain	$	3,242	$	4,399

Goodwill (Tables)

12 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

The following table sets forth the changes in the carrying amount of goodwill for the six months ended December 31, 2012, prior to the internal reorganization in fiscal 2013:



	ACS			MFS		Total
Balance at July 1, 2012	$	113,471		$	10,180	$	123,651
Goodwill arising from the Micronetics acquisition	46,509			—		46,509
Goodwill adjustment for the KOR acquisition	(701		)	—		(701		)
Balance at December 31, 2012	$	159,279		$	10,180	$	169,459

The following table summarizes the changes in goodwill after reallocation, for the six months ended June 30, 2013 and fiscal year ended June 30, 2014:



	MCE			MDS		Total
Balance at January 1, 2013	$	135,691		$	33,768	$	169,459
Subsequent recognition of deferred tax assets from the Micronetics acquisition	(376		)	—		(376		)
Subsequent decrease of deferred tax liabilities from the Micronetics acquisition	(414		)	—		(414		)
Other goodwill adjustments from the Micronetics acquisition	(1,118		)	—		(1,118		)
Balance at June 30, 2013	133,783			33,768		167,551
Goodwill adjustments from the Micronetics acquisition	595			—		595
Balance at June 30, 2014	$	134,378		$	33,768	$	168,146

Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired Intangible Assets

Intangible assets consisted of the following:



	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
June 30, 2014
Customer relationships	$	33,880	$	(12,001	)	$	21,879	6.8 years
Licensing agreements and patents	2,295		(1,686		)	609		5.0 years
Completed technologies	5,570		(3,161		)	2,409		5.3 years
Trademarks	380		(271		)	109		3.5 years
	$	42,125	$	(17,119	)	$	25,006
June 30, 2013
Customer relationships	$	33,880	$	(6,567	)	$	27,313	6.8 years
Licensing agreements and patents	3,596		(2,493		)	1,103		6.1 years
Completed technologies	5,570		(2,084		)	3,486		5.3 years
Trademarks	380		(163		)	217		3.5 years
Backlog	1,500		(1,347		)	153		1.0 year
Non-compete agreements	500		(464		)	36		5.0 years
	$	45,426	$	(13,118	)	$	32,308

Estimated Future Amortization Expense for Acquired Intangible Assets

Estimated future amortization expense for intangible assets remaining at June 30, 2014 is as follows:



	Year Ending June 30,
2015	$	7,007
2016	6,523
2017	5,041
2018	4,304
2019	1,760
Thereafter	371
Total future amortization expense	$	25,006

Restructuring Plan (Tables)

12 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

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
Restructuring liability at June 30, 2012	$	2,404		$	185		$	2,589
MCE restructuring charges	5,939			1,574			7,513
Cash paid	(7,456		)	(364		)	(7,820		)
Non-cash	—			(1,109		)	(1,109		)
Reversals (*)	(453		)	—			(453		)
Restructuring liability at June 30, 2013	434			286			720
MCE restructuring charges	3,961			1,512			5,473
MDS restructuring charges	55			—			55
Cash paid	(3,054		)	(966		)	(4,020		)
Reversals (*)	(25		)	(60		)	(85		)
Restructuring liability at June 30, 2014	$	1,371		$	772		$	2,143

(*) Reversals result from the finalization of severance agreements and unused outplacement services.

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

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

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



	Year Ended June 30,
	2014			2013			2012
(Loss) income from continuing operations before income taxes:
United States	$	(6,068	)	$	(24,760	)	$	30,820
Foreign	155			477			494
	$	(5,913	)	$	(24,283	)	$	31,314
Tax (benefit) provision:
Federal:
Current	$	3,184		$	(699	)	$	10,188
Deferred	(5,281		)	(9,613		)	(2,353		)
	$	(2,097	)	$	(10,312	)	$	7,835
State:
Current	$	594		$	157		$	1,395
Deferred	(375		)	(710		)	(316		)
	$	219		$	(553	)	$	1,079
Foreign:
Current	$	(12	)	$	364		$	77
Deferred	49			—			—
	$	37		$	364		$	77
	$	(1,841	)	$	(10,501	)	$	8,991

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

The following is the reconciliation between the statutory federal income tax rate and the Company’s effective income tax (benefit) rate for continuing operations:



	Year Ended June 30,
	2014		2013		2012
Tax (benefit) provision at federal statutory rates	(35.0	)%	(35.0	)%	35.0	%
State income tax, net of federal tax benefit	(3.1	)	(1.8	)	2.6
Research and development credits	(14.7	)	(12.6	)	(4.2	)
Domestic manufacturing deduction	(5.3	)	—		(3.0	)
Deemed repatriation of foreign earnings	0.7		—		—
Foreign tax credits	(13.3	)	—		—
Equity compensation	2.2		1.8		1.0
Officers' compensation	11.1		—		—
Stock compensation shortfalls	24.1		—		—
Change in the fair value of the liability related to the LNX earn-out	—		—		(5.4	)
Acquisition costs	—		0.5		1.3
Valuation allowance	—		2.5		2.2
Other	2.2		1.4		(0.7	)
	(31.1	)%	(43.2	)%	28.8	%

Components of Net Deferred Tax Assets (Liabilities)

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



	June 30,
	2014			2013
Deferred tax assets:
Inventory valuation and receivable allowances	$	8,830		$	8,805
Accrued compensation	972			944
Equity compensation	4,831			6,185
Federal and state research and development tax credit carryforwards	11,167			10,296
Gain on sale-leaseback	1,232			1,676
Other accruals	1,043			1,087
Other temporary differences	4,012			1,262
	32,087			30,255
Valuation allowance	(10,844		)	(9,032		)
Total deferred tax assets	21,243			21,223
Deferred tax liabilities:
Deferred revenue	—			(1,745		)
Property and equipment	(1,694		)	(3,144		)
Acquired intangible assets	(9,242		)	(11,371		)
Other temporary differences	(624		)	—
Total deferred tax liabilities	(11,560		)	(16,260		)
Net deferred tax assets	$	9,683		$	4,963

As reported:
Current deferred tax assets	$	15,216		$	11,534
Non-current deferred tax assets	378			81
Non-current deferred tax liabilities	(5,911		)	(6,652		)
	$	9,683		$	4,963

Summary of Reserves for Unrecognized Income Tax Benefits

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



	Year Ended June 30,
	2014			2013
Unrecognized tax benefits, beginning of period	$	2,923		$	2,642
Increases for previously recognized positions	102			140
Decreases for previously recognized positions	(166		)	—
Increases for currently recognized positions	283			141
Unrecognized tax benefits, end of period	$	3,142		$	2,923

Commitments and Contingencies (Tables)

12 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Minimum Lease Payments under Non Cancelable Operating Leases

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



	Year Ending June 30,
2015	$	4,649
2016	4,525
2017	4,284
2018	1,910
2019	1,923
Thereafter	7,984
Total minimum lease payments	$	25,275

Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Stock Option Plans

The following table summarizes activity of the Company’s stock option plans since June 30, 2012:



	Options Outstanding
	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value as of 6/30/2014
Outstanding at June 30, 2012	2,185		$	14.46	2.89
Granted	271		4.75
Exercised	(74	)	5.88
Cancelled	(312	)	14.83
Outstanding at June 30, 2013	2,070		$	13.44	2.60
Granted	—		—
Exercised	(113	)	6.23
Cancelled	(522	)	19.59
Outstanding at June 30, 2014	1,435		$	11.76	2.23	$	2,564
Vested and expected to vest at June 30, 2014	1,434		$	11.77	2.22	$	2,560
Exercisable at June 30, 2014	1,382		$	12.01	2.05	$	2,249

Summary of Nonvested Restricted Stock

The following table summarizes the status of the Company’s non-vested restricted stock awards since June 30, 2012:



	Non-Vested Restricted Stock Awards
	Number of Shares		Weighted Average Grant Date Fair Value
Outstanding at June 30, 2012	1,275		$	12.71
Granted	1,327		9.47
Vested	(474	)	11.97
Forfeited	(121	)	11.24
Outstanding at June 30, 2013	2,007		$	10.82
Granted	952		9.35
Vested	(698	)	10.81
Forfeited	(170	)	10.95
Outstanding at June 30, 2014	2,091		$	10.15

Stock Based Compensation Expenses

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



	Year Ended June 30,
	2014			2013			2012
Cost of revenues	$	601		$	371		$	324
Selling, general and administrative	7,024			6,436			5,290
Research and development	1,374			1,047			958
Share-based compensation expense before tax	8,999			7,854			6,572
Income taxes	(3,420		)	(2,877		)	(2,340		)
Share-based compensation expense, net of income taxes	$	5,579		$	4,977		$	4,232

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

The following table sets forth the weighted-average key assumptions and fair value results for stock options granted during fiscal years 2014, 2013 and 2012:



	Years Ended June 30,
	2014			2013			2012
Weighted-average fair value of options granted	$	—		$	3.80		$	—
Option life(1)	—			4.5			—
Risk-free interest rate(2)	—		%	0.73		%	—		%
Stock volatility(3)	—		%	58		%	—		%
Dividend rate	—		%	—		%	—		%


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


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


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

Operating Segment, Geographic Information and Significant Customers (Tables)

12 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Summary of Performance of Operations by Reportable Segment

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



	MCE		MDS		Eliminations			Total
YEAR ENDED JUNE 30, 2014
Net revenues to unaffiliated customers	$	175,766	$	34,217	$	(1,254	)	$	208,729
Intersegment revenues	9,032		—		(9,032		)	$	—
Net revenues	$	184,798	$	34,217	$	(10,286	)	$	208,729
Adjusted EBITDA	$	18,495	$	5,727	$	(700	)	$	23,522
YEAR ENDED JUNE 30, 2013
Net revenues to unaffiliated customers	$	152,606	$	41,491	$	134		$	194,231
Intersegment revenues	13,744		—		(13,744		)	—
Net revenues	$	166,350	$	41,491	$	(13,610	)	$	194,231
Adjusted EBITDA	$	2,812	$	7,097	$	31		$	9,940
YEAR ENDED JUNE 30, 2012
Net revenues to unaffiliated customers	$	203,979	$	32,731	$	360		$	237,070
Intersegment revenues	12,476		—		(12,476		)	—
Net revenues	$	216,455	$	32,731	$	(12,116	)	$	237,070
Adjusted EBITDA	$	40,521	$	7,325	$	148		$	47,994

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

The following table reconciles the Company's (loss) income from continuing operations, the most directly comparable GAAP financial measure, to its adjusted EBITDA:



	Year Ended June 30,
(In thousands)	2014			2013			2012
(Loss) income from continuing operations	$	(4,072	)	$	(13,782	)	$	22,323
Interest expense, net	40			31			27
Tax (benefit) provision	(1,841		)	(10,501		)	8,991
Depreciation	7,625			8,445			7,837
Amortization of intangible assets	7,328			8,222			3,551
Restructuring and other charges	5,443			7,060			2,712
Acquisition costs and other related expenses	—			318			1,219
Fair value adjustments from purchase accounting	—			2,293			(5,238		)
Stock-based compensation expense	8,999			7,854			6,572
Adjusted EBITDA	$	23,522		$	9,940		$	47,994

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
YEAR ENDED JUNE 30, 2014
Net revenues to unaffiliated customers	$	202,845	$	2,806	$	3,078	$	—		$	208,729
Inter-geographic revenues	3,479		1,550		140		(5,169		)	—
Net revenues	$	206,324	$	4,356	$	3,218	$	(5,169	)	$	208,729
Identifiable long-lived assets	$	14,090	$	48	$	6	$	—		$	14,144
YEAR ENDED JUNE 30, 2013
Net revenues to unaffiliated customers	$	182,527	$	4,632	$	7,072	$	—		$	194,231
Inter-geographic revenues	8,734		385		147		(9,266		)	—
Net revenues	$	191,261	$	5,017	$	7,219	$	(9,266	)	$	194,231
Identifiable long-lived assets	$	14,429	$	33	$	—	$	—		$	14,462
YEAR ENDED JUNE 30, 2012
Net revenues to unaffiliated customers	$	227,433	$	4,983	$	4,654	$	—		$	237,070
Inter-geographic revenues	5,511		747		175		(6,433		)	—
Net revenues	$	232,944	$	5,730	$	4,829	$	(6,433	)	$	237,070
Identifiable long-lived assets	$	15,699	$	32	$	2	$	—		$	15,733

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:



	Year Ended June 30,
	2014		2013		2012
Lockheed Martin Corporation	18	%	17	%	15	%
Raytheon Company	13		10		23
Northrop Grumman Corporation	12		11		18
	43	%	38	%	56	%

Supplementary Information (Unaudited) (Tables)

12 Months Ended

Jun. 30, 2014

Quarterly Financial Information Disclosure [Abstract]

Consolidated Quarterly Statements of Operations



2014 (In thousands, except per share data)	1ST QUARTER			2ND QUARTER			3RD QUARTER			4TH QUARTER
Net revenues	$	50,726		$	50,932		$	53,393		$	53,678
Gross margin	$	21,562		$	24,325		$	24,376		$	24,481
Loss from operations	$	(4,041	)	$	(1,661	)	$	(1,407	)	$	(296	)
(Loss) income from continuing operations before income taxes	$	(3,623	)	$	(1,229	)	$	(1,079	)	$	18
Income tax (benefit) provision	$	(1,319	)	$	(442	)	$	(809	)	$	729
Loss from continuing operations	$	(2,304	)	$	(787	)	$	(270	)	$	(711	)
Income (loss) from discontinued operations, net of income taxes	48			(258		)	(308		)	(6,835		)
Net loss	$	(2,256	)	$	(1,045	)	$	(578	)	$	(7,546	)
Net loss per share:
Basic net loss per share:
Loss from continuing operations	$	(0.07	)	$	(0.02	)	$	(0.01	)	$	(0.02	)
Income (loss) from discontinued operations	$	—		$	(0.01	)	$	(0.01	)	$	(0.22	)
Net loss	$	(0.07	)	$	(0.03	)	$	(0.02	)	$	(0.24	)
Diluted net loss per share:
Loss from continuing operations	$	(0.07	)	$	(0.02	)	$	(0.01	)	$	(0.02	)
Income (loss) from discontinued operations	$	—		$	(0.01	)	$	(0.01	)	$	(0.22	)
Net loss	$	(0.07	)	$	(0.03	)	$	(0.02	)	$	(0.24	)
2013 (In thousands, except per share data)	1ST QUARTER			2ND QUARTER			3RD QUARTER			4TH QUARTER
Net revenues	$	45,680		$	46,371		$	50,364		$	51,816
Gross margin	$	19,239		$	16,524		$	21,350		$	21,045
Loss from operations	$	(11,524	)	$	(7,362	)	$	(1,850	)	$	(4,074	)
Loss from continuing operations before income taxes	$	(11,191	)	$	(7,259	)	$	(1,831	)	$	(4,002	)
Income tax benefit	$	(3,817	)	$	(2,299	)	$	(2,341	)	$	(2,044	)
(Loss) income from continuing operations	$	(7,374	)	$	(4,960	)	$	510		$	(1,958	)
Income (loss) from discontinued operations, net of income taxes	$	174		$	176		$	278		$	(54	)
Net (loss) income	$	(7,200	)	$	(4,784	)	$	788		$	(2,012	)
Net (loss) earnings per share:
Basic net (loss) earnings per share:
(Loss) income from continuing operations	$	(0.25	)	$	(0.16	)	$	0.02		$	(0.06	)
Income (loss) from discontinued operations	$	0.01		$	—		$	0.01		$	(0.01	)
Net (loss) income	$	(0.24	)	$	(0.16	)	$	0.03		$	(0.07	)
Diluted net (loss) earnings per share:
(Loss) income from continuing operations	$	(0.25	)	$	(0.16	)	$	0.02		$	(0.06	)
Income (loss) from discontinued operations	$	0.01		$	—		$	0.01		$	(0.01	)
Net (loss) income	$	(0.24	)	$	(0.16	)	$	0.03		$	(0.07	)

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

Description of Business (Details)	12 Months Ended
Description of Business (Details)	Jun. 30, 2014 contractor program
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of programs using products and services, more than 300 \| program	300
Number of contractors using products and services, more than 25 \| contractor	25

Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details)	12 Months Ended
	Jun. 30, 2014
Maximum
Restricted Cash and Cash Equivalents Items [Line Items]
Maturity of cash and cash equivalents	90 days

Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]
Restricted cash	$ 265	$ 546

Summary of Significant Accounting Policies - Concentration of Risk (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2014 USD ($) customer	Jun. 30, 2013 USD ($) customer
Concentration Risk [Line Items]
Cash and cash equivalent \| $	$ 47,287	$ 39,126
Customer Concentration Risk [Member] \| Accounts Receivable, Unbilled Receivables, and Costs in Excess of Billings [Member]
Concentration Risk [Line Items]
Concentration risk, number \| customer	5	5
Concentration risk, percent	55.00%	42.00%

- Definition

Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid Investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Short-term investments, exclusive of cash equivalents, generally consist of marketable securities intended to be sold within one year (or the normal operating cycle if longer) and may include trading securities, available-for-sale securities, or held-to-maturity securities (if maturing within one year), as applicable.

+ References + Details

Summary of Significant Accounting Policies - Intangible Assets (Detail)	12 Months Ended
	Jun. 30, 2014
Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, estimated useful lives	7 years

Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Accounting Policies [Abstract]
Property and equipment, estimated useful lives	3 years
Capitalized software development cost	$ 362	$ 91	$ 1,092

Summary of Significant Accounting Policies - Income Taxes (Details)	Jun. 30, 2014
Accounting Policies [Abstract]
Minimum likelihood of tax benefits being recognized upon ultimate settlement	50.00%

Summary of Significant Accounting Policies - Changes in Product Warranty Accrual (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Accounting Policies [Abstract]
Product warranty term	12 months
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning Balance	$ 2,522	$ 1,360	$ 894
Warranty assumed from Micronetics acquisition	0	245	0
Accruals for warranties issued during the period	1,951	4,592	2,445
Settlements made during the period	(2,395)	(3,675)	(1,979)
Ending Balance	$ 2,078	$ 2,522	$ 1,360

Summary of Significant Accounting Policies - Basic and Diluted Weighted Average Shares Outstanding (Detail) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Accounting Policies [Abstract]
Basic weighted-average shares outstanding	31,000	30,128	29,477
Effect of dilutive equity instruments	0	0	608
Diluted weighted-average shares outstanding	31,000	30,128	30,085

Summary of Significant Accounting Policies - Net Earnings Per Share Additional Information (Details) - shares shares in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Accounting Policies [Abstract]
Common stock excluded from diluted earning per share (in shares)	3,526	4,077	1,244

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Income (Details) - USD ($)	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]
Accumulated other comprehensive income	$ 1,011,000	$ 962,000
Accumulated other comprehensive income, Available-for-sale securities gains (losses)	$ 0	$ 0

- Definition

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

+ References + Details

Discontinued Operations - Additional Disclosures (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of goodwill		$ 6,687	$ 0	$ 0
MIS [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of goodwill	$ 6,687	$ 6,687	$ 0	$ 0

Discontinued Operations - (Loss) Income from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Costs of discontinued operations:
Impairment of goodwill									$ 6,687	$ 0	$ 0
(Loss) income from discontinued operations	$ (6,835)	$ (308)	$ (258)	$ 48	$ (54)	$ 278	$ 176	$ 174	(7,353)	574	296
MIS [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues of discontinued operations									9,414	14,560	7,859
Costs of discontinued operations:
Cost of revenues									6,356	10,050	5,511
Selling, general and administrative									3,029	2,815	1,534
Research and development									585	83	0
Amortization of intangible assets									495	495	248
Restructuring and other charges									26	(4)	109
Impairment of goodwill	$ 6,687								6,687	0	0
(Loss) income from discontinued operations before income taxes									(7,764)	1,121	457
Tax (benefit) provision									(411)	547	161
(Loss) income from discontinued operations									$ (7,353)	$ 574	$ 296

Discontinued Operations - Assets and Liabilities of Discontinued Operations (Details) - MIS [Member] - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net	$ 925	$ 1,269
Unbilled receivables and costs in excess of billings	248	477
Deferred income taxes	77	138
Prepaid expenses and other current assets	124	135
Property and equipment, net	475	557
Goodwill	2,283	8,970
Intangible assets, net	2,062	2,558
Other non-current assets	39	20
Assets of discontinued operations	6,233	14,124
Accounts payable	127	40
Accrued expenses	802	884
Accrued compensation	689	730
Deferred income taxes	818	1,069
Liabilities of discontinued operations	$ 2,436	$ 2,723

Discontinued Operations - Depreciation, Amortization, Capital Expenditures, and Significant Noncash Items (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of goodwill		$ 6,687	$ 0	$ 0
MIS [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation		160	47	22
Amortization of intangible assets		495	495	248
Capital expenditures		78	408	34
Impairment of goodwill	$ 6,687	6,687	0	0
Stock-based compensation expense		$ 245	$ 86	$ 44

Acquisitions (Details) - Micronetics $ / shares in Units, $ in Thousands	Aug. 08, 2012 USD ($) $ / shares
Business Acquisition [Line Items]
Acquisition price paid in cash \| $	$ 68,230
Company acquired per share (in usd per share) \| $ / shares	$ 14.80

Fair Value of Financial Instruments - Summary of Financial Assets Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Fair Value
Assets:
Fair value measurement disclosure	$ 47,552	$ 39,672
Fair Value \| U.S. Treasury bills and money market funds
Assets:
Fair value measurement disclosure		27,023
Fair Value \| Operating cash
Assets:
Fair value measurement disclosure	47,287	12,103
Fair Value \| Restricted cash
Assets:
Fair value measurement disclosure	265	546
Level 1
Assets:
Fair value measurement disclosure	47,552	39,672
Level 1 \| U.S. Treasury bills and money market funds
Assets:
Fair value measurement disclosure		27,023
Level 1 \| Operating cash
Assets:
Fair value measurement disclosure	47,287	12,103
Level 1 \| Restricted cash
Assets:
Fair value measurement disclosure	265	546
Level 2
Assets:
Fair value measurement disclosure	0	0
Level 2 \| U.S. Treasury bills and money market funds
Assets:
Fair value measurement disclosure		0
Level 2 \| Operating cash
Assets:
Fair value measurement disclosure	0	0
Level 2 \| Restricted cash
Assets:
Fair value measurement disclosure	0	0
Level 3
Assets:
Fair value measurement disclosure	0	0
Level 3 \| U.S. Treasury bills and money market funds
Assets:
Fair value measurement disclosure		0
Level 3 \| Operating cash
Assets:
Fair value measurement disclosure	0	0
Level 3 \| Restricted cash
Assets:
Fair value measurement disclosure	$ 0	$ 0

Inventory (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Inventory Disclosure [Abstract]
Raw materials	$ 13,755	$ 17,512
Work in process	12,677	13,432
Finished goods	5,223	6,488
Total	$ 31,655	$ 37,432

Inventory - Additional Information (Details)	Jun. 30, 2014 USD ($)
Inventory Disclosure [Abstract]
Inventory for long-term contracts or programs	$ 0

Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Property and equipment, gross	$ 81,354	$ 74,198
Less: accumulated depreciation and amortization	(67,210)	(59,736)
Property and equipment, net	14,144	14,462
Computer equipment and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 55,881	53,301
Computer equipment and software \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	2 years
Computer equipment and software \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	4 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Property and equipment, gross	$ 7,556	7,134
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	lesser of estimated useful life or lease term
Property and equipment, gross	$ 3,758	2,474
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Property and equipment, gross	$ 14,159	11,201
Vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Property and equipment, gross	$ 0	$ 88

Property and Equipment - Additional Information (Detail) $ in Thousands			12 Months Ended
	Jun. 27, 2013 USD ($)	Apr. 20, 2007 USD ($) OptionPlan	Jun. 30, 2014 USD ($)	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense related to property and equipment			$ 7,625	$ 8,445	$ 7,837
Loss on sale of building			0	1,091	$ 0
Lease term		10 years
Number of five year term option to renew \| OptionPlan		2
Lease term, option to renew		5 years
Deferred gain on sale-leaseback transaction		$ 11,569
Computer equipment and software
Property, Plant and Equipment [Line Items]
Retirement of asset			$ 715	$ 1,199
Restructuring and Other Charges
Property, Plant and Equipment [Line Items]
Loss on sale of building	$ 1,091

Property and Equipment - Unamortized Deferred Gain (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Abstract]
Current portion	$ 1,156	$ 1,157
Non-current portion	2,086	3,242
Total unamortized deferred gain	$ 3,242	$ 4,399

Goodwill Goodwill - Changes in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2014
Goodwill [Roll Forward]
Beginning Balance	$ 169,459	$ 123,651	$ 167,551
Ending Balance	167,551	169,459	168,146
ACS
Goodwill [Roll Forward]
Beginning Balance	159,279	113,471
Ending Balance		159,279
MFS
Goodwill [Roll Forward]
Beginning Balance	10,180	10,180
Ending Balance		10,180
MCE
Goodwill [Roll Forward]
Beginning Balance	135,691		133,783
Ending Balance	133,783	135,691	134,378
MDS
Goodwill [Roll Forward]
Beginning Balance	33,768		33,768
Ending Balance	33,768	33,768	33,768
Micronetics
Goodwill [Roll Forward]
Goodwill arising from acquisition		46,509
Subsequent recognition of deferred tax assets from the Micronetics acquisition	(376)		(504)
Subsequent decrease of deferred tax liabilities from the Micronetics acquisition	(414)
Goodwill adjustment	(1,118)		91
Goodwill adjustments			595
Micronetics \| ACS
Goodwill [Roll Forward]
Goodwill arising from acquisition		46,509
Micronetics \| MFS
Goodwill [Roll Forward]
Goodwill arising from acquisition		0
Micronetics \| MCE
Goodwill [Roll Forward]
Subsequent recognition of deferred tax assets from the Micronetics acquisition	(376)
Subsequent decrease of deferred tax liabilities from the Micronetics acquisition	(414)
Goodwill adjustment	(1,118)
Goodwill adjustments			595
Micronetics \| MDS
Goodwill [Roll Forward]
Subsequent recognition of deferred tax assets from the Micronetics acquisition	0
Subsequent decrease of deferred tax liabilities from the Micronetics acquisition	0
Goodwill adjustment	$ 0
Goodwill adjustments			$ 0
KOR Electronics
Goodwill [Roll Forward]
Goodwill adjustment		(701)
KOR Electronics \| ACS
Goodwill [Roll Forward]
Goodwill adjustment		(701)
KOR Electronics \| MFS
Goodwill [Roll Forward]
Goodwill adjustment		$ 0

Goodwill - Additional Information (Detail)	6 Months Ended	12 Months Ended
Goodwill - Additional Information (Detail)	Jun. 30, 2013 USD ($)	Jun. 30, 2014 USD ($) market_analysis component	Jun. 30, 2013 USD ($)
Goodwill [Line Items]
Impairment loss			$ 0
Number of market analyses used for goodwill impairment test \| market_analysis		2
MCE
Goodwill [Line Items]
Number of components within operating segment \| component		4
Micronetics [Member]
Goodwill [Line Items]
Goodwill adjustment	$ (1,118,000)	$ 91,000
Correction of an immaterial error offset by deferred income taxes	376,000	$ 504,000
Micronetics [Member] \| MCE
Goodwill [Line Items]
Goodwill adjustment	(1,118,000)
Correction of an immaterial error offset by deferred income taxes	$ 376,000

Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 42,125	$ 45,426
Accumulated Amortization	(17,119)	(13,118)
Net Carrying Amount	25,006	32,308
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	33,880	33,880
Accumulated Amortization	(12,001)	(6,567)
Net Carrying Amount	$ 21,879	$ 27,313
Weighted Average Useful Life	6 years 9 months 18 days	6 years 9 months 18 days
Licensing agreements and patents
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,295	$ 3,596
Accumulated Amortization	(1,686)	(2,493)
Net Carrying Amount	$ 609	$ 1,103
Weighted Average Useful Life	5 years 18 days	6 years 1 month 6 days
Completed technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,570	$ 5,570
Accumulated Amortization	(3,161)	(2,084)
Net Carrying Amount	$ 2,409	$ 3,486
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	$ 380	$ 380
Accumulated Amortization	(271)	(163)
Net Carrying Amount	$ 109	$ 217
Weighted Average Useful Life	3 years 6 months 18 days	3 years 6 months 18 days
Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$ 1,500
Accumulated Amortization		(1,347)
Net Carrying Amount		$ 153
Weighted Average Useful Life		1 year
Non-compete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$ 500
Accumulated Amortization		(464)
Net Carrying Amount		$ 36
Weighted Average Useful Life		5 years

Intangible Assets - Estimated Future Amortization Expense for Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
2015	$ 7,007
2016	6,523
2017	5,041
2018	4,304
2019	1,760
Thereafter	371
Net Carrying Amount	$ 25,006	$ 32,308

Restructuring Plan - Additional Information (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 30, 2013 USD ($) Person	Sep. 30, 2012 Person	Jun. 30, 2014 USD ($) Person facility	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($) Person
Restructuring Cost and Reserve [Line Items]
Loss on sale of Hudson building			$ 0	$ 1,091	$ 0
Expenses recorded by the company for restructuring plans			5,443	7,060	$ 2,712
MCE
Restructuring Cost and Reserve [Line Items]
Expenses recorded by the company for restructuring plans			$ 5,473	7,513
2014 Plan Member]
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated \| Person			70
Number of facilities closed \| facility			4
Expenses recorded by the company for restructuring plans			$ 5,443
Q4 2013 Plan [Member]
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated \| Person	17
Loss on sale of Hudson building	$ 1,109
Expenses recorded by the company for restructuring plans				$ 7,060
Q1 2013 Plan [Member]
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated \| Person		142
2012 Plan [Member]
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated \| Person					41
Expenses recorded by the company for restructuring plans					$ 2,712

Restructuring Plan - Expenses by Business Segment for Restructuring Plans (Detail) - USD ($)
$ in Thousands

12 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2012

Restructuring Reserve [Roll Forward]

Restructuring liability at beginning of period

$ 720

$ 2,589

Provisions

5,443

7,060

$ 2,712

Cash paid

(4,020)

(7,820)

Non-cash

(1,109)

Reversals

^[1]

(85)

(453)

Restructuring liability at end period

2,143

720

2,589

Severance

Restructuring Reserve [Roll Forward]

Restructuring liability at beginning of period

434

2,404

Cash paid

(3,054)

(7,456)

Non-cash

Reversals

^[1]

(25)

(453)

Restructuring liability at end period

1,371

434

2,404

Other Members

Restructuring Reserve [Roll Forward]

Restructuring liability at beginning of period

286

185

Cash paid

(966)

(364)

Non-cash

(1,109)

Reversals

^[1]

(60)

Restructuring liability at end period

772

286

$ 185

MCE

Restructuring Reserve [Roll Forward]

Provisions

5,473

7,513

MCE | Severance

Restructuring Reserve [Roll Forward]

Provisions

3,961

5,939

MCE | Other Members

Restructuring Reserve [Roll Forward]

Provisions

1,512

$ 1,574

MDS

Restructuring Reserve [Roll Forward]

Provisions

MDS | Severance

Restructuring Reserve [Roll Forward]

Provisions

MDS | Other Members

Restructuring Reserve [Roll Forward]

Provisions

$ 0

[1]	Reversals result from the finalization of severance agreements and unused outplacement services.

Income Taxes - Components of Income Before Income Taxes and Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
(Loss) income from continuing operations before income taxes:
United States									$ (6,068)	$ (24,760)	$ 30,820
Foreign									155	477	494
(Loss) income from continuing operations before income taxes	$ 18	$ (1,079)	$ (1,229)	$ (3,623)	$ (4,002)	$ (1,831)	$ (7,259)	$ (11,191)	(5,913)	(24,283)	31,314
Federal:
Current									3,184	(699)	10,188
Deferred									(5,281)	(9,613)	(2,353)
Federal Income Tax Expense (Benefit), Continuing Operations, Total									(2,097)	(10,312)	7,835
State:
Current									594	157	1,395
Deferred									(375)	(710)	(316)
State and Local Income Tax Expense (Benefit), Continuing Operations, Total									219	(553)	1,079
Foreign:
Current									(12)	364	77
Deferred									49	0	0
Foreign, Income Tax expense benefit									37	364	77
Income tax expense (benefit)	$ 729	$ (809)	$ (442)	$ (1,319)	$ (2,044)	$ (2,341)	$ (2,299)	$ (3,817)	$ (1,841)	$ (10,501)	$ 8,991

Income Taxes - Reconciliation Between Statutory Federal Income Tax Rate and Effective Income Tax Rate from Continuing Operations (Detail)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Income Tax Disclosure [Abstract]
Income taxes at federal statutory rates	(35.00%)	(35.00%)	35.00%
State income tax, net of federal tax benefit	(3.10%)	(1.80%)	2.60%
Research and development credits	(14.70%)	(12.60%)	(4.20%)
Domestic manufacturing deduction	(5.30%)	(0.00%)	(3.00%)
Deemed repatriation of foreign earnings	0.70%	0.00%	0.00%
Foreign tax credits	(13.30%)	(0.00%)	(0.00%)
Equity compensation	2.20%	1.80%	1.00%
Officers' Compensation	11.10%	0.00%	0.00%
Stock compensation shortfalls	24.10%	0.00%	0.00%
Change in the fair value of the liability related to the LNX earn-out	0.00%	0.00%	(5.40%)
Acquisition costs	0.00%	0.50%	1.30%
Valuation allowance	0.00%	2.50%	2.20%
Other	2.20%	1.40%	(0.70%)
Effective income tax rate from continuing operation	(31.10%)	(43.20%)	28.80%

Income Taxes - Components of Net Deferred Tax Assets (Liabilities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013
Deferred tax assets:
Inventory valuation and receivable allowances	$ 8,830	$ 8,805
Accrued compensation	972	944
Equity compensation	4,831	6,185
Federal and state research and development tax credit carryforwards	11,167	10,296
Other accruals	1,043	1,087
Other temporary differences	4,012	1,262
Deferred tax Asset	32,087	30,255
Valuation allowance	(10,844)	(9,032)
Total deferred tax assets	21,243	21,223
Deferred tax liabilities:
Deferred revenue	0	(1,745)
Property and equipment depreciation	(1,694)	(3,144)
Acquired intangible assets	(9,242)	(11,371)
Other temporary differences	(624)	0
Total deferred tax liabilities	(11,560)	(16,260)
Net deferred tax (liabilities) assets	9,683	4,963
Current deferred tax assets	15,216	11,534
Non-current deferred tax assets	378	81
Non-current deferred tax assets	(5,911)	(6,652)
Other Amortizable Assets
Deferred tax assets:
Gain on sale-leaseback	$ 1,232	$ 1,676

Income Taxes - Additional Information (Detail) $ in Thousands	12 Months Ended
	Jun. 30, 2014 USD ($)
Tax Credit Carryforward [Line Items]
Accrued deferred taxes, undistributed earnings and profits	$ 520
Unrecognized tax benefits that, if released, would affect income tax expense	3,142
State and Local Jurisdiction \| Research and development credit carryforwards
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 9,419
State and Local Jurisdiction \| Research and development credit carryforwards \| Minimum
Tax Credit Carryforward [Line Items]
Tax carryforward expiration year	2015
State and Local Jurisdiction \| Research and development credit carryforwards \| Maximum
Tax Credit Carryforward [Line Items]
Tax carryforward expiration year	2028
State and Local Jurisdiction \| Investment Tax Credit Carryforward
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 312

Income Taxes - Summary of Reserves for Unrecognized Income Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning balance	$ 2,923	$ 2,642
Increases for previously recognized positions	102	140
Decreases for previously recognized positions	(166)	0
Increases for currently recognized positions	283	141
Unrecognized tax benefits, ending balance	$ 3,142	$ 2,923

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Long-term Purchase Commitment [Line Items]
Rental expenses	$ 4,213	$ 4,167	$ 3,587
Non-cancelable purchase commitments
Long-term Purchase Commitment [Line Items]
Purchase commitments for less than one year	$ 25,964

Commitments and Contingencies - Minimum Lease Payments under Non Cancelable Operating Leases (Detail) $ in Thousands	Jun. 30, 2014 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2015	$ 4,649
2016	4,525
2017	4,284
2018	1,910
2019	1,923
Thereafter	7,984
Total minimum lease payments	$ 25,275

Debt - Additional Information (Detail) - Senior Unsecured Credit Facilities	Oct. 12, 2012 USD ($)	Jun. 30, 2014 USD ($)
Debt Instrument [Line Items]
Credit Agreement accordion feature, incremental revolver or term loan amount		$ 50,000,000
Remaining borrowing capacity		75,794,000
Borrowings outstanding		0
Amount of outstanding letter of credit		$ 4,070,000
Maximum
Debt Instrument [Line Items]
Leverage Ratio		3.50
Minimum
Debt Instrument [Line Items]
Interest Coverage Ratio		3
KeyBank National Association
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 200,000,000
Debt instrument borrowing period	5 years

Shareholders' Equity - Additional Information (Detail) - $ / shares	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Equity [Abstract]
Preferred stock shares authorized to issue	1,000,000	1,000,000
Preferred stock shares par value (in dollars per share)	$ 0.01	$ 0.01
Dividend declared, record date	Dec. 23, 2005
Minimum percentage a person should acquire or commence a tender offer that would result in owning outstanding shares of common stock to exercise the right	15.00%

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 1,896	$ 1,992	$ 2,109
Maximum
Defined Benefit Plan Disclosure [Line Items]
Employee Contribution of eligible compensation	3.00%	3.00%	3.00%

Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands			1 Months Ended	12 Months Ended
	Nov. 07, 2013	Aug. 08, 2012	Aug. 31, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Micronetics [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock granted			70,000
2005 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan				8,018,000
Increase in share authorized under stock incentive plan	254,000
Exercise price of stock option, percentage				100.00%
Shares available for future grant				1,380,000
Stock Option Plan 1997
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan				8,650,000
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 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share options granted				0	271,000	0
Intrinsic value of the options exercised				$ 578	$ 233	$ 534
Unrecognized compensation cost related to non-vested options granted				$ 118	$ 354
Unrecognized compensation, period of recognition				10 months 28 days	1 year 7 months 28 days
Stock Options \| Micronetics [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share options granted		271,000
Stock Options \| 2005 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of awards				7 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation, period of recognition				2 years 4 months 24 days	2 years 7 months 6 days
Restricted stock granted				952,000	1,327,000
Total fair value of restricted stock awards vested				$ 6,543	$ 4,488	$ 5,848
Unrecognized compensation cost related to non-vested restricted stock				$ 12,768	$ 11,588
Restricted Stock \| Stock Option Plan 1997
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan				100,000
1997 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for issuance under stock incentive plan				1,400,000
Shares available for future grant				164,000
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				92,000	104,000	104,000

Stock-Based Compensation - Summary of Stock Option Plans (Detail) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Number of Shares
Outstanding at beginning of period	2,070,000	2,185,000
Granted	0	271,000	0
Exercised	(113,000)	(74,000)
Cancelled	(522,000)	(312,000)
Outstanding at end of period	1,435,000	2,070,000	2,185,000
Vested and expected to vest at end of period	1,434,000
Exercisable at end of period	1,382,000
Weighted Average Exercise Price (in dollars per share)
Outstanding at beginning of period	$ 13.44	$ 14.46
Granted	0.00	4.75
Exercised	6.23	5.88
Cancelled	19.59	14.83
Outstanding at end of period	11.76	$ 13.44	$ 14.46
Vested and expected to vest at end of period	11.77
Exercisable at end of period	$ 12.01
Weighted Average Remaining Contractual Term (Years)
Outstanding at end of period	2 years 2 months 23 days	2 years 7 months 6 days	2 years 10 months 21 days
Vested and expected to vest at end of period	2 years 2 months 19 days
Exercisable at end of period	2 years 18 days
Aggregate Intrinsic Value
Outstanding at end of period	$ 2,564
Vested and expected to vest at end of period	2,560
Exercisable at end of period	$ 2,249

Stock-Based Compensation - Summary of Nonvested Restricted Stock (Detail) - Restricted Stock - $ / shares shares in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Number of Shares
Beginning Balance	2,007	1,275
Granted	952	1,327
Vested	(698)	(474)
Forfeited	(170)	(121)
Ending Balance	2,091	2,007
Weighted Average Grant Date Fair Value (in dollars per share)
Beginning Balance	$ 10.82	$ 12.71
Granted	9.35	9.47
Vested	10.81	11.97
Forfeited	10.95	11.24
Ending Balance	$ 10.15	$ 10.82

Stock-Based Compensation - Stock Based Compensation Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 8,999	$ 7,854	$ 6,572
Income taxes	(3,420)	(2,877)	(2,340)
Share-based compensation expense, net of income taxes	5,579	4,977	4,232
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	601	371	324
Selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	7,024	6,436	5,290
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,374	$ 1,047	$ 958

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

12 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2012

Weighted-average key assumptions and fair value results for stock options granted

Weighted-average fair value of options granted

$ 0.00

$ 3.80

$ 0.00

Option life

^[1]

0 years

4 years 6 months

0 years

Risk-free interest rate

^[2]

0.00%

0.73%

0.00%

Stock volatility

^[3]

0.00%

58.00%

0.00%

Dividend rate

0.00%

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

Operating Segment, Geographic Information and Significant Customers - Summary of Performance of Operations by Reportable Segment (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues	$ 53,678	$ 53,393	$ 50,932	$ 50,726	$ 51,816	$ 50,364	$ 46,371	$ 45,680	$ 208,729	$ 194,231	$ 237,070
Adjusted EBITDA									23,522	9,940	47,994
MCE
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									175,766	152,606	203,979
MDS
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									34,217	41,491	32,731
Segment Reconciling Items [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									(1,254)	134	360
Intersegment Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									(9,032)	(13,744)	(12,476)
Intersegment Eliminations [Member] \| MCE
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									(9,032)	(13,744)	(12,476)
Intersegment Eliminations [Member] \| MDS
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									0	0	0
Operating Segments [Member] \| MCE
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									184,798	166,350	216,455
Adjusted EBITDA									18,495	2,812	40,521
Operating Segments [Member] \| MDS
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									34,217	41,491	32,731
Adjusted EBITDA									5,727	7,097	7,325
Segment Reconciling Items and Intersegment Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues									(10,286)	(13,610)	(12,116)
Adjusted EBITDA									$ (700)	$ 31	$ 148

Operating Segment, Geographic Information and Significant Customers - Reconciles Net Income, Most Directly Comparable GAAP Financial Measure to Adjusted EBITDA (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
(Loss) income from continuing operations	$ (711)	$ (270)	$ (787)	$ (2,304)	$ (1,958)	$ 510	$ (4,960)	$ (7,374)	$ (4,072)	$ (13,782)	$ 22,323
Interest expense, net									40	31	27
Tax (benefit) provision	$ 729	$ (809)	$ (442)	$ (1,319)	$ (2,044)	$ (2,341)	$ (2,299)	$ (3,817)	(1,841)	(10,501)	8,991
Depreciation									7,625	8,445	7,837
Amortization of intangible assets									7,328	8,222	3,551
Restructuring and other charges									5,443	7,060	2,712
Acquisition costs and other related expenses									0	318	1,219
Fair value adjustments from purchase accounting									0	2,293	(5,238)
Stock-based compensation expense									8,999	7,854	6,572
Adjusted EBITDA									$ 23,522	$ 9,940	$ 47,994

Operating Segment, Geographic Information and Significant Customers - Geographic Distribution of Revenues and Long Lived Assets from Continuing Operations (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers									$ 208,729	$ 194,231	$ 237,070
Inter-geographic revenues									0	0	0
Net revenues	$ 53,678	$ 53,393	$ 50,932	$ 50,726	$ 51,816	$ 50,364	$ 46,371	$ 45,680	208,729	194,231	237,070
Identifiable long-lived assets	14,144				14,462				14,144	14,462	15,733
Reportable Geographical Components [Member] \| US
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers									202,845	182,527	227,433
Inter-geographic revenues									3,479	8,734	5,511
Net revenues									206,324	191,261	232,944
Identifiable long-lived assets	14,090				14,429				14,090	14,429	15,699
Reportable Geographical Components [Member] \| Europe
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers									2,806	4,632	4,983
Inter-geographic revenues									1,550	385	747
Net revenues									4,356	5,017	5,730
Identifiable long-lived assets	48				33				48	33	32
Reportable Geographical Components [Member] \| Asia Pacific
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers									3,078	7,072	4,654
Inter-geographic revenues									140	147	175
Net revenues									3,218	7,219	4,829
Identifiable long-lived assets	6				0				6	0	2
Geography Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues to unaffiliated customers									0	0	0
Inter-geographic revenues									(5,169)	(9,266)	(6,433)
Net revenues									(5,169)	(9,266)	(6,433)
Identifiable long-lived assets	$ 0				$ 0				$ 0	$ 0	$ 0

Operating Segment, Geographic Information and Significant Customers - Customers Comprising Ten Percent or more Revenues (Detail) - Customer Concentration Risk [Member] - Revenues - customer	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Revenue, Major Customer [Line Items]
Concentration risk, percent	43.00%	38.00%	56.00%
Concentration risk, number	3
Lockheed Martin Corporation
Revenue, Major Customer [Line Items]
Concentration risk, percent	18.00%	17.00%	15.00%
Raytheon Company
Revenue, Major Customer [Line Items]
Concentration risk, percent	13.00%	10.00%	23.00%
Northrop Grumman Corporation
Revenue, Major Customer [Line Items]
Concentration risk, percent	12.00%	11.00%	18.00%

Operating Segment, Geographic Information and Significant Customers - Additional Information (Detail)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
AEGIS Program
Segment Reporting Information [Line Items]
Concentration risk, percent	15.00%	10.00%	12.00%

Supplementary Information (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Unaudited consolidated quarterly statements of operations data
Net revenues	$ 53,678	$ 53,393	$ 50,932	$ 50,726	$ 51,816	$ 50,364	$ 46,371	$ 45,680	$ 208,729	$ 194,231	$ 237,070
Gross margin	24,481	24,376	24,325	21,562	21,045	21,350	16,524	19,239	94,744	78,158	133,808
Loss from operations	(296)	(1,407)	(1,661)	(4,041)	(4,074)	(1,850)	(7,362)	(11,524)	(7,405)	(24,810)	29,655
(Loss) income from continuing operations before income taxes	18	(1,079)	(1,229)	(3,623)	(4,002)	(1,831)	(7,259)	(11,191)	(5,913)	(24,283)	31,314
Income tax (benefit) provision	729	(809)	(442)	(1,319)	(2,044)	(2,341)	(2,299)	(3,817)	(1,841)	(10,501)	8,991
(Loss) income from continuing operations	(711)	(270)	(787)	(2,304)	(1,958)	510	(4,960)	(7,374)	(4,072)	(13,782)	22,323
(Loss) income from discontinued operations, net of income taxes	(6,835)	(308)	(258)	48	(54)	278	176	174	(7,353)	574	296
Net (loss) income	$ (7,546)	$ (578)	$ (1,045)	$ (2,256)	$ (2,012)	$ 788	$ (4,784)	$ (7,200)	$ (11,425)	$ (13,208)	$ 22,619
Basic net earnings (loss) per share:
(Loss) income from continuing operations (dollars per share)	$ (0.02)	$ (0.01)	$ (0.02)	$ (0.07)	$ (0.06)	$ 0.02	$ (0.16)	$ (0.25)	$ (0.13)	$ (0.46)	$ 0.76
(Loss) income from discontinued operations (dollars per share)	(0.22)	(0.01)	(0.01)	0.00	(0.01)	0.01	0.00	0.01	(0.24)	0.02	0.01
Basic net (loss) earnings per share (dollars per share)	(0.24)	(0.02)	(0.03)	(0.07)	(0.07)	0.03	(0.16)	(0.24)	(0.37)	(0.44)	0.77
Diluted net earnings (loss) per share:
(Loss) income from continuing operations (dollars per share)	(0.02)	(0.01)	(0.02)	(0.07)	(0.06)	0.02	(0.16)	(0.25)	(0.13)	(0.46)	0.74
(Loss) income from discontinued operations (dollars per share)	(0.22)	(0.01)	(0.01)	0.00	(0.01)	0.01	0.00	0.01	(0.24)	0.02	0.01
Diluted net (loss) earnings per share (dollars per share)	$ (0.24)	$ (0.02)	$ (0.03)	$ (0.07)	$ (0.07)	$ 0.03	$ (0.16)	$ (0.24)	$ (0.37)	$ (0.44)	$ 0.75