Balance Sheet Components

12 Months Ended

Jun. 30, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Balance Sheet Components

4. Balance Sheet Components

Cash, Cash Equivalents and Marketable Securities

The following is a summary of cash and marketable securities (in thousands):

	June 30, 2019	June 30, 2018
Cash	$169,607	$121,139
Marketable securities (consisting of available-for-sale securities)	—	1,459
Total cash and marketable securities	$169,607	$122,598

Marketable securities are recorded in “Prepaid expenses and other current assets” in the accompanying consolidated balance sheets.

Accounts Receivable

The following is a summary of Accounts receivable (in thousands):

	June 30, 2019			June 30, 2018
Accounts receivable	$	201,365		$	225,167
Allowance for doubtful accounts		(1,054	)		(1,478	)
Allowance for product returns		(25,897	)		(11,266	)
Accounts receivable, net	$	174,414		$	212,423

Accounts receivable, net decreased primarily due to strong collections during fiscal year 2019.

The following table is a summary of the allowance for doubtful accounts (in thousands):

Description	Balance at beginning of period	Charges to bad debt expenses	Deductions (1)	Balance at end of period
Year Ended June 30, 2019:
Allowance for doubtful accounts	$1,478	$1,407	$(1,831)	$1,054
Year Ended June 30, 2018:
Allowance for doubtful accounts	$1,190	$1,687	$(1,399)	$1,478
Year Ended June 30, 2017:
Allowance for doubtful accounts	$1,648	$323	$(781)	$1,190

(1) Uncollectible accounts written off, net of recoveries

The following table is a summary of the Company’s allowance for product returns (in thousands):

Description	Balance at beginning of period	Additions	Deductions	Balance at end of period
Year Ended June 30, 2019:
Allowance for product returns	$11,266	$85,190	$(70,559)	$25,897
Year Ended June 30, 2018:
Allowance for product returns	$7,296	$38,103	$(34,133)	$11,266
Year Ended June 30, 2017:
Allowance for product returns	$3,123	$31,034	$(26,861)	$7,296

Inventories

The following is a summary of the Company’s inventory by category (in thousands):

	June 30, 2019		June 30, 2018
Finished goods	$	49,492	$	49,393
Raw materials		14,097		14,474
Total Inventories	$	63,589	$	63,867

Property and Equipment, Net

	June 30, 2019			June 30, 2018
Computers and equipment	$	72,309		$	60,677
Purchased software		29,126			21,389
Office equipment, furniture and fixtures		10,815			14,980
Leasehold improvements		51,245			50,070
Total property and equipment		163,495			147,116
Less: accumulated depreciation and amortization		(89,941	)		(68,597	)
Property and equipment, net	$	73,554		$	78,519

The Company recognized depreciation expense of $26.9 million, $23.5 million, and $10.6 million related to property and equipment during the years ended 2019, 2018 and 2017, respectively.

Deferred Revenue

The following table summarizes contract liabilities which are shown as deferred revenue (in thousands):

	June 30, 2019		June 30, 2018
Deferred maintenance	$	192,955	$	164,986
Other deferred revenue		10,287		9,539
Total deferred revenue, net		203,242		174,525
Less: current portion		144,230		130,865
Non-current deferred revenue, net	$	59,012	$	43,660

Total deferred revenue increased primarily due to the extended duration period of new maintenance contracts during fiscal year 2019.

Accrued Warranty

The following table summarizes the activity related to the Company’s product warranty liability during the following periods (in thousands):

	Year Ended
	June 30, 2019			June 30, 2018
Balance beginning of period	$	12,807		$	10,584
Warranties assumed due to acquisitions		—			3,682
New warranties issued		22,919			10,491
Warranty expenditures		(20,947	)		(11,950	)
Balance end of period	$	14,779		$	12,807

Other Long-term Liabilities

The following is a summary of long-term liabilities (in thousands):

	June 30, 2019		June 30, 2018
Acquisition related deferred payments, less current portion	$	9,604	$	13,251
Contingent consideration obligations, less current portion		2,688		4,898
Other contractual obligations, less current portion		26,261		31,200
Other		15,597		9,751
Total other long-term liabilities	$	54,150	$	59,100