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Inputs are unadjusted quoted prices in active markets for identical assets or liabilities. Pricing inputs are based upon quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. The valuations are based on quoted prices of the underlying security that are readily and regularly available in an active market, and accordingly, a significant degree of judgment is not required. As of September 30, 2013, the Company used Level 1 assumptions for its money market funds.

Pricing inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. As of September 30, 2013, the Company used Level 2 assumptions for its U.S. municipal securities, certificates of deposit, acquisition-related promissory notes, term loan, and interest rate swap.

Pricing inputs are generally unobservable for the assets or liabilities and include situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require management’s judgment or estimation of assumptions that market participants would use in pricing the assets or liabilities. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques. As of September 30, 2013, the Company did not have any Level 3 financial assets or liabilities.

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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Sep. 30, 2013	Oct. 31, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Trading Symbol	QNST
Entity Registrant Name	QUINSTREET, INC
Entity Central Index Key	0001117297
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		43,394,252

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Current assets
Cash and cash equivalents	$ 88,295	$ 90,117
Marketable securities	38,363	37,847
Accounts receivable, net	40,320	38,391
Deferred tax assets	6,760	6,753
Prepaid expenses and other assets	3,964	4,623
Total current assets	177,702	177,731
Property and equipment, net	10,946	9,707
Goodwill	150,456	150,456
Other intangible assets, net	45,442	50,486
Deferred tax assets, noncurrent	40,260	40,289
Other assets, noncurrent	963	878
Total assets	425,769	429,547
Current liabilities
Accounts payable	20,593	18,722
Accrued liabilities	26,976	30,903
Deferred revenue	1,405	1,638
Debt	16,571	15,428
Total current liabilities	65,545	66,691
Deferred revenue, noncurrent	33	239
Debt, noncurrent	73,104	77,249
Other liabilities, noncurrent	6,311	6,473
Total liabilities	144,993	150,652
Commitments and contingencies (See Note 8)
Stockholders' equity
Common stock: $0.001 par value; 100,000,000 shares authorized; 43,263,272 and 42,886,884 shares issued, and 43,263,272 and 42,886,884 shares outstanding at September 30, 2013 and June 30, 2013, respectively	43	43
Additional paid-in capital	229,882	226,857
Accumulated other comprehensive loss	(1,217)	(1,012)
Retained earnings	52,068	53,007
Total stockholders' equity	280,776	278,895
Total liabilities and stockholders' equity	$ 425,769	$ 429,547

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2013	Jun. 30, 2013
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	43,263,272	42,886,884
Common stock, shares outstanding	43,263,272	42,886,884

Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Income Statement [Abstract]

Net revenue

$ 76,961

$ 78,626

Cost of revenue

^[1]

63,592

65,190

Gross profit

13,369

13,436

Operating expenses:

Product development

^[1]

5,159

4,893

Sales and marketing

^[1]

4,156

3,691

General and administrative

^[1]

4,134

3,926

Operating (loss) income

(80)

926

Interest income

Interest expense

(1,026)

(1,012)

Other (expense) income, net

(19)

Loss before income taxes

(1,098)

(12)

Benefit from (provision for) taxes

159

(125)

Net loss

$ (939)

$ (137)

Net loss per share:

Basic

$ (0.02)

$ 0.00

Diluted

$ (0.02)

$ 0.00

Weighted average shares used in computing net loss per share

Basic

43,117

42,812

Diluted

43,117

42,812

[1]	(1) Cost of revenue and operating expenses include stock-based compensation expense as follows: Cost of revenue $ 874 $ 923 Product development 732 693 Sales and marketing 770 765 General and administrative 659 389

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Stock-based compensation	$ 3,035	$ 2,770
Cost of revenue [Member]
Stock-based compensation	874	923
Product development [Member]
Stock-based compensation	732	693
Sales and marketing [Member]
Stock-based compensation	770	765
General and administrative [Member]
Stock-based compensation	$ 659	$ 389

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (939)	$ (137)
Other comprehensive loss
Unrealized gain on investments	6	4
Foreign currency translation adjustment	(75)	253
Interest rate swap
Change in unrealized loss	(137)	(398)
Less: reclassification adjustment for loss included in net loss		(146)
Net change	(137)	(544)
Other comprehensive loss	(206)	(287)
Comprehensive loss	$ (1,145)	$ (424)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash Flows from Operating Activities
Net loss	$ (939)	$ (137)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	6,676	8,279
Provision for sales returns and doubtful accounts receivable	(275)	(316)
Stock-based compensation	3,035	2,770
Excess tax benefits from stock-based compensation	(96)	(24)
Other non-cash adjustments, net	289	75
Changes in assets and liabilities:
Accounts receivable	(1,654)	8,323
Prepaid expenses and other assets	659	(9)
Other assets, noncurrent	(86)	57
Deferred taxes	22
Accounts payable	2,156	(2,754)
Accrued liabilities	(5,304)	(5,926)
Deferred revenue	(439)	(309)
Other liabilities, noncurrent	(162)	342
Net cash provided by operating activities	3,882	10,371
Cash Flows from Investing Activities
Capital expenditures	(1,190)	(291)
Other intangibles	(95)
Internal software development costs	(657)	(651)
Purchases of marketable securities	(12,978)	(14,862)
Proceeds from sales and maturities of marketable securities	12,218	12,149
Net cash used in investing activities	(2,702)	(3,655)
Cash Flows from Financing Activities
Proceeds from exercise of common stock options	993	236
Principal payments on bank debt	(2,500)	(1,250)
Principal payments on acquisition-related notes payable	(523)	(3,568)
Excess tax benefits from stock-based compensation	96	24
Withholding taxes related to restricted stock net share settlement	(1,039)	(101)
Repurchases of common stock		(6,157)
Net cash used in financing activities	(2,973)	(10,816)
Effect of exchange rate changes on cash and cash equivalents	(29)	17
Net decrease in cash and cash equivalents	(1,822)	(4,083)
Cash and cash equivalents at beginning of period	90,117	68,531
Cash and cash equivalents at end of period	88,295	64,448
Supplemental Disclosure of Cash Flow Information
Cash paid for interest	968	703
Cash paid for taxes	$ 130	182
Supplemental Disclosure of Noncash Investing and Financing Activities
Retirement of treasury stock		$ 6,157

The Company	3 Months Ended
The Company	Sep. 30, 2013
Accounting Policies [Abstract]
The Company	1. The Company QuinStreet, Inc. (the “Company”) is an online performance marketing company. The Company was incorporated in California in April 1999 and reincorporated in Delaware in December 2009. The Company provides customer acquisition programs for clients in various industry verticals such as education and financial services. The corporate headquarters are located in Foster City, California, with additional offices throughout the United States, Brazil and India.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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+ Details

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2013
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation *Principles of Consolidation* The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. *Unaudited Interim Financial Information* The accompanying condensed consolidated financial statements and the notes to the condensed consolidated financial statements as of September 30, 2013 and for the three months ended September 30, 2013 and 2012 are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2013, as filed with the SEC on August 20, 2013. The condensed consolidated balance sheet at June 30, 2013 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for the fair statement of the Company’s condensed consolidated balance sheet at September 30, 2013, its condensed consolidated statements of operations for the three months ended September 30, 2013 and 2012, its condensed consolidated statements of comprehensive loss for the three months ended September 30, 2013 and 2012, and its condensed consolidated statements of cash flows for the three months ended September 30, 2013 and 2012. The results of operations for the three months ended September 30, 2013 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2014, or any other future period. *Use of Estimates* The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. On an ongoing basis, management evaluates these estimates, judgments and assumptions, including those related to revenue recognition, stock-based compensation, goodwill, intangible assets, long-lived assets, contingencies, and income taxes. The Company bases these estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates, and such differences could affect the results of operations reported in future periods. *Accounting Policies* The significant accounting policies are described in Note 2, Summary of Significant Accounting Policies, to the condensed consolidated financial statements included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2013. There have been no significant changes in the accounting policies subsequent to June 30, 2013. *Concentrations of Credit Risk* No client accounted for 10% or more of net revenue for the three months ended September 30, 2013 or for the same period in fiscal year 2013. No client accounted for 10% or more of net accounts receivable as of September 30, 2013 or June 30, 2013. *Fair Value of Financial Instruments* The Company’s financial instruments consist principally of cash equivalents, marketable securities, accounts receivable, accounts payable, acquisition-related promissory notes, an interest rate swap, and a term loan. The fair value of the Company’s cash equivalents is determined based on quoted prices in active markets for identical assets for its money market funds; and quoted prices for similar instruments in active markets for its U.S. municipal securities and certificates of deposits that mature within 90 days. The recorded values of the Company’s accounts receivable and accounts payable approximate their current fair values due to the relatively short-term nature of these accounts. The fair values of acquisition-related promissory notes approximate their recorded amounts as the interest rates on similar financing arrangements available to the Company at September 30, 2013 approximate the interest rates implied when these acquisition-related promissory notes were originally issued and recorded. The fair value of the interest rate swap is based upon fair value quotes from the issuing bank and the Company assesses the quotes for reasonableness by comparing them to the present values of expected cash flows. The present value approach is based on observable market interest rate curves that are commensurate with the terms of the interest rate swaps. The carrying value represents the fair value of the swaps, as adjusted for any non-performance risk associated with the Company at September 30, 2013. The Company believes that the fair value of the term loan approximates its recorded amount at September 30, 2013 as the interest rate on the term loan is variable and is based on market interest rates and after consideration of default and credit risk. *Recent Accounting Pronouncements* In September 2011, the FASB issued an update to the accounting standard for goodwill. The revised standard update allows entities to use a qualitative approach to test goodwill for impairment. It permits an entity to first perform a qualitative assessment to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying value. If it is concluded that this is the case, it is necessary to perform the two-step goodwill impairment test. The Company adopted this updated accounting standard during the second quarter of fiscal 2013 as a result of its market capitalization sustaining a significant decline subsequent to the quarterly period ended December 31, 2012. The Company determined that it was more-likely-than-not that the fair value of one of its reporting units was less than the carrying amount. As a result, the two-step impairment test related to goodwill was performed as of December 31, 2012. In July 2012, the FASB issued an update to the accounting standard for intangibles. The revised standard update allows entities to use a qualitative approach to test indefinite-lived intangible assets for impairment. It permits an entity to first perform a qualitative assessment to determine whether it is more-likely-than-not that the fair value of an indefinite-lived intangible asset is less than its carrying value. If it is concluded that this is the case, it is necessary to perform the currently prescribed quantitative impairment test by comparing the fair value of the indefinite-lived intangible asset with its carrying value. Otherwise, the quantitative impairment test is not required. The Company plans to adopt this accounting standard by the fourth quarter of fiscal 2014 and does not believe that the adoption will have a material effect on the Company’s consolidated financial statements. In February 2013, the FASB issued an update to the accounting standard for accumulated other comprehensive loss. The revised standard update requires entities to present information about significant items reclassified out of accumulated other comprehensive loss by component either on the face of the statement where net loss is presented or as a separate disclosure in the notes to the financial statements. The Company’s adoption of the new guidance in the first quarter of fiscal year 2014 did not have a material impact on its financial position, results of operations or cash flows. In July 2013, the FASB issued a new accounting standard update on the financial presentation of unrecognized tax benefits. The new guidance provides that a liability related to an unrecognized tax benefit would be presented as reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward if such settlement is required or expected in the event the uncertain tax position is disallowed. The new guidance becomes effective July 1, 2014 for the Company and it should be applied prospectively to unrecognized tax benefits that exist at the effective date, although retrospective application is permitted. The Company does not believe that the adoption will have a material effect on the Company’s consolidated financial statements.

Net Loss Attributable to Common Stockholders and Net Loss per Share

3 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Net Loss Attributable to Common Stockholders and Net Loss per Share

3. Net Loss Attributable to Common Stockholders and Net Loss per Share

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options and restricted stock units using the treasury stock method.

The following table presents the calculation of basic and diluted net loss per share:


	Three Months Ended
	September 30,
	2013			2012
	(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net loss	$	(939	)	$	(137	)

Denominator:
Basic:
Weighted average shares of common stock used in computing basic net loss per share		43,117			42,812

Diluted:
Weighted average shares of common stock used in computing basic net loss per share		43,117			42,812
Weighted average effect of dilutive securities:
Stock options		—			—
Restricted stock units		—			—

Weighted average shares of common stock used in computing diluted net loss per share		43,117			42,812

Net loss per share:
Basic	$	(0.02	)	$	(0.00	)

Diluted ⁽¹⁾	$	(0.02	)	$	(0.00	)

Securities excluded from weighted average shares used in computing diluted net loss per share because the effect would have been anti-dilutive: ⁽²⁾		7,463			7,299

⁽¹⁾	Diluted EPS does not reflect any potential common stock relating to stock options or restricted stock units due to net loss incurred for the quarter ended September 30, 2013 and 2012. The assumed issuance of any additional shares would be anti-dilutive.

⁽²⁾	These weighted shares relate to anti-dilutive stock options and restricted stock units as calculated using the treasury stock method and could be dilutive in the future.

Fair Value Measurements and Marketable Securities

3 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Fair Value Measurements and Marketable Securities

4. Fair Value Measurements and Marketable Securities

Fair value is defined as the price that would be received on sale of an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants at the measurement date. The FASB has established a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3).

The three levels of the fair value hierarchy under the guidance for fair value measurement are described below:

The Company’s financial instruments as of September 30, 2013 and June 30, 2013 were categorized as follows in the fair value hierarchy (in thousands):


	Fair Value Measurements as of September 30, 2013 Using
	Quoted Prices in		Significant Other
	Active Markets		Observable
	for Identical Assets		Inputs
	(Level 1)		(Level 2)		Total
Assets:
U.S. municipal securities	$	—	$	23,421	$	23,421
Certificates of deposit		—		19,044		19,044
Money market funds		38,587		—		38,587

	$	38,587	$	42,465	$	81,052

Liabilities:
Acquisition-related promissory notes ⁽¹⁾	$	—	$	3,283	$	3,283
Term loan ⁽¹⁾		—		86,392		86,392
Interest rate swap		—		791		791

	$	—	$	90,466	$	90,466


	Fair Value Measurements as of June 30, 2013 Using
	Quoted Prices in		Significant Other
	Active Markets		Observable
	for Identical Assets		Inputs
	(Level 1)		(Level 2)		Total
Assets:
U.S. municipal securities	$	—	$	25,544	$	25,544
Certificates of deposit		—		16,923		16,923
Money market funds		38,465		—		38,465

	$	38,465	$	42,467	$	80,932

Liabilities:
Acquisition-related promissory notes ⁽¹⁾	$	—	$	3,875	$	3,875
Term loan ⁽¹⁾		—		88,802		88,802
Interest rate swap		—		655		655

	$	—	$	93,332	$	93,332

⁽¹⁾	These liabilities are carried at historical cost on the Company’s consolidated balance sheet.

Marketable Securities

All liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents. Investments with maturities greater than three months at the date of purchase are classified as marketable securities. The Company’s marketable securities have been classified and accounted for as available-for-sale. Management determines the appropriate classification of its investments at the time of purchase and reevaluates the available-for-sale designation as of each balance sheet date. Available-for-sale securities are carried at fair value, with unrealized gains and losses, net of tax, reported as a component of accumulated other comprehensive loss within stockholders’ equity.

The following table summarizes unrealized gains and losses related to available-for-sale securities held by the Company as of September 30, 2013 and June 30, 2013 (in thousands):


	As of September 30, 2013
	Gross		Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. municipal securities	$	23,415	$	6	$	—	$	23,421
Certificates of deposit		19,060		—		16		19,044
Money market funds		38,587		—		—		38,587

	$	81,062	$	6	$	16	$	81,052


	As of June 30, 2013
	Gross		Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. municipal securities	$	25,538	$	6	$	—	$	25,544
Certificates of deposit		16,945		—		22		16,923
Money market funds		38,465		—		—		38,465

	$	80,948	$	6	$	22	$	80,932

The Company did not realize any gains or losses from sales of its securities in the periods presented. As of September 30, 2013 and June 30, 2013, the Company did not hold securities that had maturity dates greater than one year.

Acquisitions	3 Months Ended
Acquisitions	Sep. 30, 2013
Business Combinations [Abstract]
Acquisitions	5. Acquisitions The Company did not complete any acquisitions during the three months ended September 30, 2013 or in fiscal year 2013.

- 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).

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+ Details

Intangible Assets and Goodwill

3 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

6. Intangible Assets and Goodwill

Intangible assets, net balances, excluding goodwill, consisted of the following (in thousands):


	September 30, 2013							June 30, 2013
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer/publisher/advertiser relationships	$	37,027	$	(29,048	)	$	7,979	$	37,035	$	(28,321	)	$	8,714
Content		61,985		(45,054	)		16,931		62,028		(43,054	)		18,974
Website/trade/domain names		31,582		(18,439	)		13,143		31,597		(17,403	)		14,194
Acquired technology and others		36,569		(29,180	)		7,389		36,425		(27,821	)		8,604

	$	167,163	$	(121,721	)	$	45,442	$	167,085	$	(116,599	)	$	50,486

Amortization of intangible assets was $5.1 million and $6.9 million in the three months ended September 30, 2013 and 2012.

Future amortization expense for the Company’s intangible assets as of September 30, 2013 was as follows (in thousands):


Year Ending June 30,	Amortization
2014 (remaining nine months)	$	14,401
2015		12,365
2016		8,800
2017		6,048
2018		2,197
Thereafter		1,631

	$	45,442

The change in the carrying amount of goodwill for the Company’s Direct Marketing Services (“DMS”) and Direct Selling Services (“DSS”) segments, discussed in Note 10, Segment Information, for the three months ended September 30, 2013 was as follows (in thousands):


	DMS		DSS		Total
Balance at June 30, 2013	$	149,225	$	1,231	$	150,456
Additions		—		—		—

Balance at September 30, 2013	$	149,225	$	1,231	$	150,456

In the three months ended September 30, 2013, there were no additions to goodwill as the Company did not complete any acquisitions during the period.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt

3 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Debt

7. Debt

Credit Facility

In November 2011, the Company entered into the Second Amended and Restated Revolving Credit and Term Loan Agreement (the “Second Loan Agreement”) with Comerica Bank (the “Bank”), the administrative agent and lead arranger. The Second Loan Agreement consists of a $100 million five-year term loan, with annual principal amortization of 5%, 10%, 15%, 20% and 50%, and a $200 million five-year revolving credit line.

On February 15, 2013, the Company entered into the First Amendment to Credit Agreement and Amendment to Guaranty (“First Amendment to the Second Loan Agreement”) with the Bank to, among other things: (1) amend the definition of adjusted EBITDA, effective as of December 31, 2012, to exclude extraordinary or non-recurring non-cash expenses of losses including, without limitation, goodwill impairments, and any extraordinary or non-recurring cash expenses in an aggregate amount not to exceed $5 million for the life of the Second Loan Agreement; and (2) reduce the $200 million five-year revolving credit line portion of the facility to $100 million, effective as of February 15, 2013.

Borrowings under the Second Loan Agreement are secured by substantially all of the Company’s assets. Interest is payable at specified margins above either the Eurodollar Margin or the Prime Rate. The interest rate varies based upon the ratio of funded debt to adjusted EBITDA and ranges from Eurodollar Margin + 1.625% to 2.375% or Prime + 1.00% for the revolving credit line and from Eurodollar Margin + 2.00% to 2.75% or Prime + 1.00% for the term loan. Adjusted EBITDA is defined as net (loss) income less benefit from (provision for) taxes, depreciation expense, amortization expense, stock-based compensation expense, interest and other income (expense), acquisition costs for business combinations, extraordinary or non-recurring non-cash expenses of losses including, without limitation, goodwill impairments, and any extraordinary or non-recurring cash expenses in an aggregate amount not to exceed $5.0 million for the life of this Second Loan Agreement. The revolving credit line requires an annual facility fee of 0.375% of the revolving credit line capacity.

The Second Loan Agreement expires in November 2016. The credit facility agreement restricts the Company’s ability to raise additional debt financing and pay dividends, and also requires the Company to comply with other nonfinancial covenants. In addition, the Company is required to maintain financial ratios computed as follows:

1. A minimum fixed charge coverage ratio of 1.15:1, calculated as the ratio of: (i) trailing twelve months of adjusted EBITDA to (ii) the sum of capital expenditures, net cash interest expense, cash taxes, cash dividends and trailing twelve months payments of indebtedness. Payment of unsecured indebtedness is excluded to the degree that sufficient unused revolving credit line exists such that the relevant debt payment could be made from the credit facility.

2. A maximum funded debt to adjusted EBITDA ratio of 3:1, calculated as the ratio of: (i) the sum of all obligations owed to lending institutions, the face amount of any letters of credit, indebtedness owed in connection with acquisition-related notes and indebtedness owed in connection with capital lease obligations to (ii) trailing twelve months of adjusted EBITDA.

The Company was in compliance with the covenants of the Second Loan Agreement, as amended by the First Amendment, as of September 30, 2013 and June 30, 2013.

The outstanding amount under the term loan at September 30, 2013 and June 30, 2013 was $87.5 million and $90 million. There were no outstanding balances under the revolving credit line at September 30, 2013 or June 30, 2013.

Interest Rate Swap

To reduce the Company’s exposure to rising interest rates under the term loan, in February 2012, the Company entered into an interest rate swap to reduce its exposure to the financial impact of changing interest rates under its term loan. The Company does not speculate using derivative instruments. The Company entered into this derivative instrument arrangement solely for the purpose of risk management. The swap encompasses the principal balances scheduled to be outstanding as of January 1, 2014 and thereafter, such principal and notional amount totaling $85 million in January 2014 and amortizing to $35 million in November 2016. The effective date of the swap was April 9, 2012 with a maturity date of November 4, 2016. At September 30, 2013, the Company had approximately $85 million of notional amount outstanding in the swap agreement that exchanges a variable interest rate base (Eurodollar margin) for a fixed interest rate of 0.97% over the term of the agreement. This interest rate swap is designated as a cash flow hedge of the interest rate risk attributable to forecasted variable interest payments. The effective portion of the fair value gains or losses on this swap are included as a component of accumulated other comprehensive loss. Any hedge ineffectiveness will be immediately recognized in earnings in the current period.

At September 30, 2013, the fair value of the interest rate swap liability was $0.8 million and the hedge effective portion of the interest rate swap was $0.8 million.

Promissory Notes

During the three months ended September 30, 2013 and 2012, the Company did not issue any promissory notes for the acquisition of businesses because the Company did not complete any acquisitions. The outstanding amount under the promissory notes at September 30, 2013 and June 30, 2013 was $3.4 million and $4.0 million.

Debt Maturities

The maturities of the Company’s debt as of September 30, 2013 were as follows (in thousands):


	Promissory			Credit
Year Ending June 30,	Notes			Facility
2014 (remaining nine months)	$	2,744		$	10,000
2015		560			17,500
2016		50			20,000
2017		—			40,000
2018		—			—
2019		—			—

		3,354			87,500
Less: imputed interest and unamortized discounts		(71	)		(1,108	)
Less: current portion		(3,179	)		(13,392	)

Noncurrent portion of debt	$	104		$	73,000

Letters of Credit

The Company has a $0.4 million letter of credit agreement with a financial institution that is used as collateral for fidelity bonds placed with an insurance company and a $0.5 million letter of credit agreement with a financial institution that is used as collateral for the Company’s corporate headquarters’ operating lease. The letters of credit automatically renew annually without amendment unless cancelled by the financial institutions within 30 days of the annual expiration date.

Commitments and Contingencies

3 Months Ended

Sep. 30, 2013

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

8. Commitments and Contingencies

Leases

The Company leases office space and equipment under non-cancelable operating leases with various expiration dates through 2019. Rent expense for the three months ended September 30, 2013 and 2012 was $1.1 million and $0.8 million. The Company recognizes rent expense on a straight-line basis over the lease period and accrues for rent expense incurred but not paid.

Future annual minimum lease payments under noncancelable operating leases as of September 30, 2013 were as follows (in thousands):


	Operating
Year Ending June 30,	Leases
2014 (remaining nine months)	$	2,726
2015		3,476
2016		3,362
2017		2,911
2018		2,950
2019 and thereafter		1,099

	$	16,524

Guarantor Arrangements

The Company has agreements whereby it indemnifies its officers and directors for certain events or occurrences while the officer or director is, or was, serving at the Company’s request in such capacity. The term of the indemnification period is for the officer or director’s lifetime. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a director and officer insurance policy that limits its exposure and enables the Company to recover a portion of any future amounts under certain circumstances and subject to deductibles and exclusions. As a result of its insurance policy coverage, the Company believes the estimated fair value of these indemnification agreements is not material. Accordingly, the Company had no liabilities recorded for these agreements as of September 30, 2013 and June 30, 2013.

In the ordinary course of its business, the Company from time to time enters into standard indemnification provisions in its agreements with its clients. Pursuant to these provisions, the Company may be obligated to indemnify its clients for certain losses suffered or incurred, including losses arising from violations of applicable law by the Company or by its third-party website publishers, losses arising from actions or omissions of the Company or its third-party publishers, and for third-party claims that a Company product infringed upon any United States patent, copyright or other intellectual property rights. Where applicable, the Company generally limits its liabilities under such indemnities. With respect to its DSS products, the Company also generally reserves the right to resolve intellectual property infringements claims by providing a non-infringing alternative or by obtaining a license on reasonable terms, and failing that, by terminating its relationship with the client and thus terminating the infringing activity. Subject to these limitations, the term of such indemnity provisions is generally coterminous with the corresponding agreements but in some cases survives for a period of time after termination of the agreement.

The potential amount of future payments to defend lawsuits or settle indemnified claims under these indemnification provisions is generally limited and the Company believes the estimated fair value of these indemnity provisions is not material, and accordingly, the Company had no liabilities recorded for these agreements as of September 30, 2013 and June 30, 2013.

Litigation

In December 2012, Internet Patents Corporation (“IPC”) filed a patent infringement lawsuit against the Company in the United States District Court for the Northern District of California, seeking a judgment that the Company has infringed a patent held by IPC. The Company received the related summons and complaint from IPC in March 2013. In September 2013, the court dismissed a related case because it found that the patent is invalid, and on the same date, the court issued IPC an Order to Show Cause that the lawsuit against the Company should not be dismissed. In October 2013, IPC filed a response to the order and the court subsequently dismissed the case against the Company. In November 2013, IPC filed a Notice of Appeal to the United States Court of Appeals for the Federal Circuit. While the Company denies IPC’s claims, there can be no assurance that the Company will prevail in this matter and any adverse ruling may have a significant impact on its business and operating results. In addition, regardless of the outcome of the matter, the Company may incur significant legal fees defending the action until it is resolved. The Company has determined that the probability of any loss is remote.

Stock Benefit Plans

3 Months Ended

Sep. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Benefit Plans

9. Stock Benefit Plans

Stock Incentive Plans

The Company may grant incentive stock options (“ISOs”), nonstatutory stock options (“NQSOs”), restricted stock, restricted stock units, stock appreciation rights, performance-based stock awards and other forms of equity compensation, as well as performance cash awards, under its 2010 Equity Incentive Plan (the “2010 Incentive Plan”) as well as NQSOs and restricted stock units to non-employee directors under the 2010 Non-Employee Directors’ Stock Award Plan (the Directors’ Plan). To date, the Company has issued only ISOs, NQSOs and restricted stock units under the plans.

As of September 30, 2013, 9,210,527 shares were reserved and 5,401,687 shares were available for issuance under the 2010 Incentive Plan; 1,593,162 shares were reserved and 1,187,035 shares were available for issuance under the Directors’ Plan.

Stock-Based Compensation

The Company estimates the fair value of stock options at the date of grant using the Black-Scholes option-pricing model. Options are granted with an exercise price equal to the fair value of the common stock at the date of grant. The weighted average Black-Scholes model assumptions and the weighted average grant date fair value of employee stock options for the three months ended September 30, 2013 and 2012 were as follows:


	Three Months Ended
	September 30,
	2013			2012
Expected term (in years)		4.6			4.6
Expected volatility		48	%		55	%
Expected dividend yield		0.0	%		0.0	%
Risk-free interest rate		1.4	%		0.7	%
Grant date fair value	$	3.93		$	4.36

The fair value of restricted stock units is determined based on the closing price of the Company’s common stock on the grant date. Compensation expense is amortized net of estimated forfeitures on a straight-line basis over the requisite service period of the stock-based compensation awards.

Segment Information

3 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Information

10. Segment Information

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is its chief executive officer. The Company’s chief executive officer reviews financial information presented on a consolidated basis, accompanied by information about operating segments, including net sales and operating (loss) income before depreciation, amortization and stock-based compensation expense.

The Company determined its reportable operating segments to be DMS, which derives revenue from fees earned through the delivery of qualified leads, clicks, calls, customers and, to a lesser extent, impressions, and DSS, which derives revenue from the sale of direct selling services through a hosted solution. The accounting policies of the two reportable operating segments are the same as those described in Note 2, Summary of Significant Accounting Policies.

The Company evaluates the performance of its operating segments based on operating income before depreciation, amortization and stock-based compensation expense.

The Company does not allocate most of its assets, nor its depreciation and amortization expense, stock-based compensation expense, interest income, interest expense or income tax expense by segment. Accordingly, the Company does not report such information.

Summarized information by segment was as follows (in thousands):


	Three Months Ended
	September 30,
	2013			2012
Net revenue by segment:
DMS	$	76,696		$	78,334
DSS		265			292

Total net revenue		76,961			78,626

Segment operating income before depreciation, amortization, and stock-based compensation expense:
DMS		9,461			11,824
DSS		170			151

Total segment operating income before depreciation, amortization, and stock-based compensation expense		9,631			11,975
Depreciation and amortization		(6,676	)		(8,279	)
Stock-based compensation expense		(3,035	)		(2,770	)

Total operating (loss) income	$	(80	)	$	926

The following tables set forth net revenue and long-lived assets by geographic area (in thousands):


	Three Months Ended
	September 30,
	2013		2012
Net revenue:
United States	$	76,417	$	77,909
International		544		717

Total net revenue	$	76,961	$	78,626


	September 30		June 30,
	2013		2013
Property and equipment, net:
United States	$	10,664	$	9,502
International		282		205

Total property and equipment, net:	$	10,946	$	9,707

- 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
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+ Details

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2013
Accounting Policies [Abstract]
Principles of Consolidation	*Principles of Consolidation* The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.
Unaudited Interim Financial Information	*Unaudited Interim Financial Information* The accompanying condensed consolidated financial statements and the notes to the condensed consolidated financial statements as of September 30, 2013 and for the three months ended September 30, 2013 and 2012 are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2013, as filed with the SEC on August 20, 2013. The condensed consolidated balance sheet at June 30, 2013 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for the fair statement of the Company’s condensed consolidated balance sheet at September 30, 2013, its condensed consolidated statements of operations for the three months ended September 30, 2013 and 2012, its condensed consolidated statements of comprehensive loss for the three months ended September 30, 2013 and 2012, and its condensed consolidated statements of cash flows for the three months ended September 30, 2013 and 2012. The results of operations for the three months ended September 30, 2013 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2014, or any other future period.
Use of Estimates	*Use of Estimates* The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. On an ongoing basis, management evaluates these estimates, judgments and assumptions, including those related to revenue recognition, stock-based compensation, goodwill, intangible assets, long-lived assets, contingencies, and income taxes. The Company bases these estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates, and such differences could affect the results of operations reported in future periods.
Accounting Policies	*Accounting Policies* The significant accounting policies are described in Note 2, Summary of Significant Accounting Policies, to the condensed consolidated financial statements included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2013. There have been no significant changes in the accounting policies subsequent to June 30, 2013.
Concentrations of Credit Risk	*Concentrations of Credit Risk* No client accounted for 10% or more of net revenue for the three months ended September 30, 2013 or for the same period in fiscal year 2013. No client accounted for 10% or more of net accounts receivable as of September 30, 2013 or June 30, 2013.
Fair Value of Financial Instruments	*Fair Value of Financial Instruments* The Company’s financial instruments consist principally of cash equivalents, marketable securities, accounts receivable, accounts payable, acquisition-related promissory notes, an interest rate swap, and a term loan. The fair value of the Company’s cash equivalents is determined based on quoted prices in active markets for identical assets for its money market funds; and quoted prices for similar instruments in active markets for its U.S. municipal securities and certificates of deposits that mature within 90 days. The recorded values of the Company’s accounts receivable and accounts payable approximate their current fair values due to the relatively short-term nature of these accounts. The fair values of acquisition-related promissory notes approximate their recorded amounts as the interest rates on similar financing arrangements available to the Company at September 30, 2013 approximate the interest rates implied when these acquisition-related promissory notes were originally issued and recorded. The fair value of the interest rate swap is based upon fair value quotes from the issuing bank and the Company assesses the quotes for reasonableness by comparing them to the present values of expected cash flows. The present value approach is based on observable market interest rate curves that are commensurate with the terms of the interest rate swaps. The carrying value represents the fair value of the swaps, as adjusted for any non-performance risk associated with the Company at September 30, 2013. The Company believes that the fair value of the term loan approximates its recorded amount at September 30, 2013 as the interest rate on the term loan is variable and is based on market interest rates and after consideration of default and credit risk.
Recent Accounting Pronouncements	*Recent Accounting Pronouncements* In September 2011, the FASB issued an update to the accounting standard for goodwill. The revised standard update allows entities to use a qualitative approach to test goodwill for impairment. It permits an entity to first perform a qualitative assessment to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying value. If it is concluded that this is the case, it is necessary to perform the two-step goodwill impairment test. The Company adopted this updated accounting standard during the second quarter of fiscal 2013 as a result of its market capitalization sustaining a significant decline subsequent to the quarterly period ended December 31, 2012. The Company determined that it was more-likely-than-not that the fair value of one of its reporting units was less than the carrying amount. As a result, the two-step impairment test related to goodwill was performed as of December 31, 2012. In July 2012, the FASB issued an update to the accounting standard for intangibles. The revised standard update allows entities to use a qualitative approach to test indefinite-lived intangible assets for impairment. It permits an entity to first perform a qualitative assessment to determine whether it is more-likely-than-not that the fair value of an indefinite-lived intangible asset is less than its carrying value. If it is concluded that this is the case, it is necessary to perform the currently prescribed quantitative impairment test by comparing the fair value of the indefinite-lived intangible asset with its carrying value. Otherwise, the quantitative impairment test is not required. The Company plans to adopt this accounting standard by the fourth quarter of fiscal 2014 and does not believe that the adoption will have a material effect on the Company’s consolidated financial statements. In February 2013, the FASB issued an update to the accounting standard for accumulated other comprehensive loss. The revised standard update requires entities to present information about significant items reclassified out of accumulated other comprehensive loss by component either on the face of the statement where net loss is presented or as a separate disclosure in the notes to the financial statements. The Company’s adoption of the new guidance in the first quarter of fiscal year 2014 did not have a material impact on its financial position, results of operations or cash flows. In July 2013, the FASB issued a new accounting standard update on the financial presentation of unrecognized tax benefits. The new guidance provides that a liability related to an unrecognized tax benefit would be presented as reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward if such settlement is required or expected in the event the uncertain tax position is disallowed. The new guidance becomes effective July 1, 2014 for the Company and it should be applied prospectively to unrecognized tax benefits that exist at the effective date, although retrospective application is permitted. The Company does not believe that the adoption will have a material effect on the Company’s consolidated financial statements.

- Definition

Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.

+ References + Details

Net Loss Attributable to Common Stockholders and Net Loss per Share (Tables)

3 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share:


	Three Months Ended
	September 30,
	2013			2012
	(In thousands, except per share data)
Numerator:
Basic and Diluted:
Net loss	$	(939	)	$	(137	)

Denominator:
Basic:
Weighted average shares of common stock used in computing basic net loss per share		43,117			42,812

Diluted:
Weighted average shares of common stock used in computing basic net loss per share		43,117			42,812
Weighted average effect of dilutive securities:
Stock options		—			—
Restricted stock units		—			—

Weighted average shares of common stock used in computing diluted net loss per share		43,117			42,812

Net loss per share:
Basic	$	(0.02	)	$	(0.00	)

Diluted ⁽¹⁾	$	(0.02	)	$	(0.00	)

Securities excluded from weighted average shares used in computing diluted net loss per share because the effect would have been anti-dilutive: ⁽²⁾		7,463			7,299

⁽¹⁾	Diluted EPS does not reflect any potential common stock relating to stock options or restricted stock units due to net loss incurred for the quarter ended September 30, 2013 and 2012. The assumed issuance of any additional shares would be anti-dilutive.

⁽²⁾	These weighted shares relate to anti-dilutive stock options and restricted stock units as calculated using the treasury stock method and could be dilutive in the future.

Fair Value Measurements and Marketable Securities (Tables)

3 Months Ended

Sep. 30, 2013

Text Block [Abstract]

Schedule of Company's Financial Instruments

The Company’s financial instruments as of September 30, 2013 and June 30, 2013 were categorized as follows in the fair value hierarchy (in thousands):


	Fair Value Measurements as of September 30, 2013 Using
	Quoted Prices in		Significant Other
	Active Markets		Observable
	for Identical Assets		Inputs
	(Level 1)		(Level 2)		Total
Assets:
U.S. municipal securities	$	—	$	23,421	$	23,421
Certificates of deposit		—		19,044		19,044
Money market funds		38,587		—		38,587

	$	38,587	$	42,465	$	81,052

Liabilities:
Acquisition-related promissory notes ⁽¹⁾	$	—	$	3,283	$	3,283
Term loan ⁽¹⁾		—		86,392		86,392
Interest rate swap		—		791		791

	$	—	$	90,466	$	90,466


	Fair Value Measurements as of June 30, 2013 Using
	Quoted Prices in		Significant Other
	Active Markets		Observable
	for Identical Assets		Inputs
	(Level 1)		(Level 2)		Total
Assets:
U.S. municipal securities	$	—	$	25,544	$	25,544
Certificates of deposit		—		16,923		16,923
Money market funds		38,465		—		38,465

	$	38,465	$	42,467	$	80,932

Liabilities:
Acquisition-related promissory notes ⁽¹⁾	$	—	$	3,875	$	3,875
Term loan ⁽¹⁾		—		88,802		88,802
Interest rate swap		—		655		655

	$	—	$	93,332	$	93,332

⁽¹⁾	These liabilities are carried at historical cost on the Company’s consolidated balance sheet.

Schedule of Unrealized Gains and Losses Related to Available-For-Sale Securities

The following table summarizes unrealized gains and losses related to available-for-sale securities held by the Company as of September 30, 2013 and June 30, 2013 (in thousands):


	As of September 30, 2013
	Gross		Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. municipal securities	$	23,415	$	6	$	—	$	23,421
Certificates of deposit		19,060		—		16		19,044
Money market funds		38,587		—		—		38,587

	$	81,062	$	6	$	16	$	81,052


	As of June 30, 2013
	Gross		Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
U.S. municipal securities	$	25,538	$	6	$	—	$	25,544
Certificates of deposit		16,945		—		22		16,923
Money market funds		38,465		—		—		38,465

	$	80,948	$	6	$	22	$	80,932

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

Intangible Assets and Goodwill (Tables)

3 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets, net balances, excluding goodwill, consisted of the following (in thousands):


	September 30, 2013							June 30, 2013
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer/publisher/advertiser relationships	$	37,027	$	(29,048	)	$	7,979	$	37,035	$	(28,321	)	$	8,714
Content		61,985		(45,054	)		16,931		62,028		(43,054	)		18,974
Website/trade/domain names		31,582		(18,439	)		13,143		31,597		(17,403	)		14,194
Acquired technology and others		36,569		(29,180	)		7,389		36,425		(27,821	)		8,604

	$	167,163	$	(121,721	)	$	45,442	$	167,085	$	(116,599	)	$	50,486

Amortization Expense

Future amortization expense for the Company’s intangible assets as of September 30, 2013 was as follows (in thousands):


Year Ending June 30,	Amortization
2014 (remaining nine months)	$	14,401
2015		12,365
2016		8,800
2017		6,048
2018		2,197
Thereafter		1,631

	$	45,442

Change in Carrying Amount of Goodwill


	DMS		DSS		Total
Balance at June 30, 2013	$	149,225	$	1,231	$	150,456
Additions		—		—		—

Balance at September 30, 2013	$	149,225	$	1,231	$	150,456

Debt (Tables)

3 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Maturities of Debt

The maturities of the Company’s debt as of September 30, 2013 were as follows (in thousands):


	Promissory			Credit
Year Ending June 30,	Notes			Facility
2014 (remaining nine months)	$	2,744		$	10,000
2015		560			17,500
2016		50			20,000
2017		—			40,000
2018		—			—
2019		—			—

		3,354			87,500
Less: imputed interest and unamortized discounts		(71	)		(1,108	)
Less: current portion		(3,179	)		(13,392	)

Noncurrent portion of debt	$	104		$	73,000

Commitments and Contingencies (Tables)

3 Months Ended

Sep. 30, 2013

Commitments And Contingencies Disclosure [Abstract]

Future Annual Minimum Lease Payments under Noncancelable Operating Leases

Future annual minimum lease payments under noncancelable operating leases as of September 30, 2013 were as follows (in thousands):


	Operating
Year Ending June 30,	Leases
2014 (remaining nine months)	$	2,726
2015		3,476
2016		3,362
2017		2,911
2018		2,950
2019 and thereafter		1,099

	$	16,524

Stock Benefit Plans (Tables)

3 Months Ended

Sep. 30, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Weighted Average Black-Scholes Model Assumptions and Weighted Average Date of Grant Fair Value of Employee Stock Options

The weighted average Black-Scholes model assumptions and the weighted average date of grant fair value of employee stock options for the three months ended September 30, 2013 and 2012 were as follows:


	Three Months Ended
	September 30,
	2013			2012
Expected term (in years)		4.6			4.6
Expected volatility		48	%		55	%
Expected dividend yield		0.0	%		0.0	%
Risk-free interest rate		1.4	%		0.7	%
Grant date fair value	$	3.93		$	4.36

Segment Information (Tables)

3 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Summarized Information by Segment

Summarized information by segment was as follows (in thousands):


	Three Months Ended
	September 30,
	2013			2012
Net revenue by segment:
DMS	$	76,696		$	78,334
DSS		265			292

Total net revenue		76,961			78,626

Segment operating income before depreciation, amortization, and stock-based compensation expense:
DMS		9,461			11,824
DSS		170			151

Total segment operating income before depreciation, amortization, and stock-based compensation expense		9,631			11,975
Depreciation and amortization		(6,676	)		(8,279	)
Stock-based compensation expense		(3,035	)		(2,770	)

Total operating (loss) income	$	(80	)	$	926

Net Revenue and Long-Lived Assets by Geographic Area

The following tables set forth net revenue and long-lived assets by geographic area (in thousands):


	Three Months Ended
	September 30,
	2013		2012
Net revenue:
United States	$	76,417	$	77,909
International		544		717

Total net revenue	$	76,961	$	78,626


	September 30		June 30,
	2013		2013
Property and equipment, net:
United States	$	10,664	$	9,502
International		282		205

Total property and equipment, net:	$	10,946	$	9,707

Summary of Significant Accounting Policies - Additional Information (Detail) - Clients	3 Months Ended	12 Months Ended
	Sep. 30, 2013	Jun. 30, 2013
Accounting Policies [Abstract]
Number of clients accounted for 10% or more of net revenue	0
Percentage of revenue accounted by major clients	10.00%
Percentage of net accounts receivable from major clients	10.00%	10.00%
Number of clients accounted for 10% or more of net accounts receivable	0	0
U.S municipal securities and certificates of deposits maturity period	90 days

Net Loss Attributable to Common Stockholders and Net Loss per Share - Calculation of Basic and Diluted Net (Loss) Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Basic and Diluted:
Net loss	$ (939)	$ (137)
Basic:
Weighted average shares of common stock used in computing basic net loss per share	43,117	42,812
Diluted:
Weighted average shares of common stock used in computing basic net loss per share	43,117	42,812
Weighted average effect of dilutive securities:
Weighted average shares of common stock used in computing diluted net loss per share	43,117	42,812
Net loss per share:
Basic	$ (0.02)	$ 0.00
Diluted	$ (0.02)	$ 0.00
Securities excluded from weighted average shares used in computing diluted net loss per share because the effect would have been anti-dilutive:	7,463	7,299
Stock options [Member]
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities
Restricted stock units [Member]
Weighted average effect of dilutive securities:
Weighted average effect of dilutive securities

Fair Value Measurements and Marketable Securities - Schedule of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Assets:
Assets, Fair Value Measurements	$ 81,052	$ 80,932
Liabilities:
Liabilities, Fair Value Measurements	90,466	93,332
Acquisition-related promissory notes [Member]
Liabilities:
Liabilities, Fair Value Measurements	3,283	3,875
Term loan [Member]
Liabilities:
Liabilities, Fair Value Measurements	86,392	88,802
Interest rate swap [Member]
Liabilities:
Liabilities, Fair Value Measurements	791	655
U.S. municipal securities [Member]
Assets:
Assets, Fair Value Measurements	23,421	25,544
Certificates of deposit [Member]
Assets:
Assets, Fair Value Measurements	19,044	16,923
Money market funds [Member]
Assets:
Assets, Fair Value Measurements	38,587	38,465
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets:
Assets, Fair Value Measurements	38,587	38,465
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] \| Money market funds [Member]
Assets:
Assets, Fair Value Measurements	38,587	38,465
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Assets, Fair Value Measurements	42,465	42,467
Liabilities:
Liabilities, Fair Value Measurements	90,466	93,332
Significant Other Observable Inputs (Level 2) [Member] \| Acquisition-related promissory notes [Member]
Liabilities:
Liabilities, Fair Value Measurements	3,283	3,875
Significant Other Observable Inputs (Level 2) [Member] \| Term loan [Member]
Liabilities:
Liabilities, Fair Value Measurements	86,392	88,802
Significant Other Observable Inputs (Level 2) [Member] \| Interest rate swap [Member]
Liabilities:
Liabilities, Fair Value Measurements	791	655
Significant Other Observable Inputs (Level 2) [Member] \| U.S. municipal securities [Member]
Assets:
Assets, Fair Value Measurements	23,421	25,544
Significant Other Observable Inputs (Level 2) [Member] \| Certificates of deposit [Member]
Assets:
Assets, Fair Value Measurements	$ 19,044	$ 16,923

Fair Value Measurements and Marketable Securities - Schedule of Unrealized Gains and Losses Related to Available-For-Sale Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Schedule of Available-for-sale Securities [Line Items]
Gross Amortized Cost	$ 81,062	$ 80,948
Gross Unrealized Gains	6	6
Gross Unrealized Losses	16	22
Estimated Fair Value	81,052	80,932
U.S. municipal securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Amortized Cost	23,415	25,538
Gross Unrealized Gains	6	6
Estimated Fair Value	23,421	25,544
Certificates of deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Amortized Cost	19,060	16,945
Gross Unrealized Losses	16	22
Estimated Fair Value	19,044	16,923
Money market funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Gross Amortized Cost	38,587	38,465
Estimated Fair Value	$ 38,587	$ 38,465

Intangible Assets and Goodwill - Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 167,163	$ 167,085
Accumulated Amortization	(121,721)	(116,599)
Net Carrying Amount	45,442	50,486
Customer/publisher/advertiser relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	37,027	37,035
Accumulated Amortization	(29,048)	(28,321)
Net Carrying Amount	7,979	8,714
Content [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	61,985	62,028
Accumulated Amortization	(45,054)	(43,054)
Net Carrying Amount	16,931	18,974
Website/trade/domain names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	31,582	31,597
Accumulated Amortization	(18,439)	(17,403)
Net Carrying Amount	13,143	14,194
Acquired technology and others [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	36,569	36,425
Accumulated Amortization	(29,180)	(27,821)
Net Carrying Amount	$ 7,389	$ 8,604

Intangible Assets and Goodwill - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 5.1	$ 6.9

Intangible Assets and Goodwill - Amortization Expense (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]
2014 (remaining nine months)	$ 14,401
2015	12,365
2016	8,800
2017	6,048
2018	2,197
Thereafter	1,631
Net Carrying Amount	$ 45,442	$ 50,486

Intangible Assets and Goodwill - Change in Carrying Amount of Goodwill (Detail) $ in Thousands	3 Months Ended
	Sep. 30, 2013 USD ($)
Goodwill [Line Items]
Goodwill, Beginning	$ 150,456
Additions
Goodwill, Ending	150,456
DMS [Member]
Goodwill [Line Items]
Goodwill, Beginning	149,225
Additions
Goodwill, Ending	149,225
DSS [Member]
Goodwill [Line Items]
Goodwill, Beginning	1,231
Additions
Goodwill, Ending	$ 1,231

Debt - Additional Information (Detail) $ in Millions	1 Months Ended	3 Months Ended
Debt - Additional Information (Detail) $ in Millions	Nov. 30, 2011 USD ($)	Sep. 30, 2013 USD ($)	Jun. 30, 2013 USD ($)
Debt Instrument [Line Items]
Third Loan Amendment date		Feb. 15, 2013
Adjusted EBITDA		$ 5.0
Minimum fixed charge coverage ratio		1.15
Maximum funded debt to adjusted EBITDA ratio		3
Amortization of principle amount of term loan		$ 35.0
Credit agreement with a financial institution that is used as collateral for fidelity bonds placed with an insurance company		0.4
Credit agreement with a financial institution that is used as collateral for the Company's corporate headquarters' operating lease		$ 0.5
Letters of credit automatically renew annually without amendment on the annual expiration date		30 days
Interest rate swap [Member]
Debt Instrument [Line Items]
Derivative notional amount outstanding in the swap agreement		$ 85.0
Interest rate swap effectively fixes the Eurodollar Margin		0.97%
Effective date of swap		Apr. 09, 2012
Derivative maturity date		Nov. 04, 2016
Notional amount outstanding in the swap agreement		$ 85.0
Fair value of the interest rate swap liability		0.8
Effective portion of the interest rate swap		0.8
Maximum [Member]
Debt Instrument [Line Items]
Goodwill impairments and non-recurring cash expenses included in adjusted EBITDA		5.0
Revolving credit line [Member]
Debt Instrument [Line Items]
Revolving credit facility, total	$ 100.0	200.0
Period for credit facility	5 years
Revolving line of credit facility, current		$ 100.0
Prime rate for the revolving credit line		1.00%
Revolving credit line requires an annual facility fee		0.375%
Outstanding amount		$ 0.0	$ 0.0
Revolving credit line [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate dependent upon the ratio of funded debt to adjusted EBITDA and ranges from Eurodollar Margin		2.375%
Revolving credit line [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate dependent upon the ratio of funded debt to adjusted EBITDA and ranges from Eurodollar Margin		1.625%
Term loan [Member]
Debt Instrument [Line Items]
Percentage of amortization with principal of credit facility year one	5.00%
Percentage of amortization with principal of credit facility year two	10.00%
Percentage of amortization with principal of credit facility year three	15.00%
Percentage of amortization with principal of credit facility year four	20.00%
Percentage of amortization with principal of credit facility year five	50.00%
Prime rate for the term loan		1.00%
Outstanding amount		$ 87.5	90.0
Term loan [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Interest rate dependent upon the ratio of funded debt to adjusted EBITDA and ranges from Eurodollar Margin		2.75%
Term loan [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Interest rate dependent upon the ratio of funded debt to adjusted EBITDA and ranges from Eurodollar Margin		2.00%
Promissory Notes [Member]
Debt Instrument [Line Items]
Outstanding amount		$ 3.4	$ 4.0

Debt - Maturities of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2013	Jun. 30, 2013
Debt Instrument [Line Items]
Noncurrent portion of debt	$ 73,104	$ 77,249
Promissory Notes [Member]
Debt Instrument [Line Items]
2014 (remaining nine months)	2,744
2015	560
2016	50
2018
2019
Long term debt, total	3,354
Less: imputed interest and unamortized discounts	(71)
Less: current portion	(3,179)
Noncurrent portion of debt	104
Credit Facility [Member]
Debt Instrument [Line Items]
2014 (remaining nine months)	10,000
2015	17,500
2016	20,000
2017	40,000
2018
2019
Long term debt, total	87,500
Less: imputed interest and unamortized discounts	(1,108)
Less: current portion	(13,392)
Noncurrent portion of debt	$ 73,000

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Commitments And Contingencies Disclosure [Abstract]
Rent expense for office space and equipment	$ 1.1	$ 0.8
Estimated fair value of indemnification agreements
Fair value of indemnity provisions

Commitments and Contingencies - Future Annual Minimum Lease Payments under Noncancelable Operating Leases (Detail) $ in Thousands	Sep. 30, 2013 USD ($)
Commitments And Contingencies Disclosure [Abstract]
2014 (remaining nine months)	$ 2,726
2015	3,476
2016	3,362
2017	2,911
2018	2,950
2019 and thereafter	1,099
Operating Leases, Future Minimum Payments Due, Total	$ 16,524

Stock Benefit Plans - Additional Information (Detail)	Sep. 30, 2013 shares
2010 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance	9,210,527
Shares available for issuance	5,401,687
Directors' Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance	1,593,162
Shares available for issuance	1,187,035

Stock Benefit Plans - Schedule of Weighted Average Black-Scholes Model Assumptions and Weighted Average Date of Grant Fair Value of Employee Stock Options (Detail) - $ / shares	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected term (in years)	4 years 7 months 6 days	4 years 7 months 6 days
Expected volatility	48.00%	55.00%
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	1.40%	0.70%
Grant date fair value	$ 3.93	$ 4.36

Segment Information - Summarized Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting Disclosure [Line Items]
Total net revenue	$ 76,961	$ 78,626
Total segment operating income before depreciation, amortization, and stock-based compensation expense	9,631	11,975
Depreciation and amortization	(6,676)	(8,279)
Stock-based compensation expense	(3,035)	(2,770)
Operating (loss) income	(80)	926
Operating Segments [Member] \| DMS [Member]
Segment Reporting Disclosure [Line Items]
Total net revenue	76,696	78,334
Total segment operating income before depreciation, amortization, and stock-based compensation expense	9,461	11,824
Operating Segments [Member] \| DSS [Member]
Segment Reporting Disclosure [Line Items]
Total net revenue	265	292
Total segment operating income before depreciation, amortization, and stock-based compensation expense	$ 170	$ 151

Segment Information - Net Revenue and Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013
Net revenue:
Total net revenue	$ 76,961	$ 78,626
Property and equipment, net:
Total property and equipment, net:	10,946		$ 9,707
Reportable Geographical Components [Member] \| United States [Member]
Net revenue:
Total net revenue	76,417	77,909
Property and equipment, net:
Total property and equipment, net:	10,664		9,502
Reportable Geographical Components [Member] \| International [Member]
Net revenue:
Total net revenue	544	$ 717
Property and equipment, net:
Total property and equipment, net:	$ 282		$ 205