Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v3.19.1
Related Party Transactions
 9 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
NOTE 16 – RELATED PARTY TRANSACTIONS
During the three and nine months ended March 31, 2019 and 2018, we purchased from, or sold to, several entities, where one or more of our executive officers or members of our Board of Directors, or their immediate family members, were, during the periods presented, an executive officer or a board member of a subsidiary, including Citrix Systems, Inc., Integrated Device Technology, Inc., Keysight Technologies, Inc., MetLife Insurance K.K., NetApp, Inc., and Proofpoint, Inc. The following table provides the transactions with these parties for the indicated periods (for the portion of such period that they were considered related):
 
Three months ended
March 31,
 
Nine months ended
March 31,
(In thousands)
2019
 
2018
 
2019
 
2018
Total revenues
$
1,972

 
$
6

 
$
1,985

 
$
463

Total purchases(1)
$
354

 
$
594

 
$
2,560

 
$
1,840


__________________ 
(1)
During the three months ended June 30, 2018, we acquired a product line from Keysight Technologies, Inc. (“Keysight”) and entered into a transition services agreement pursuant to which Keysight provides certain manufacturing services to us. For additional details refer to Note 6, “Business Combinations”. We recorded the manufacturing services fees under the transition services agreement with Keysight within cost of revenues, which was immaterial for the three and nine months ended March 31, 2019.
Our receivable balances from these parties were $1.9 million as of March 31, 2019 and immaterial for June 30, 2018. Our payable balance from these parties was immaterial at March 31, 2019 and June 30, 2018.