Balance Sheet Components

12 Months Ended

Jun. 30, 2020

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Balance Sheet Components

5. Balance Sheet Components

Accounts Receivable

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

	June 30, 2020			June 30, 2019
Accounts receivable	$	151,902		$	201,365
Allowance for doubtful accounts		(1,212	)		(1,054	)
Allowance for product returns		(27,963	)		(25,897	)
Accounts receivable, net	$	122,727		$	174,414

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, 2020:
Allowance for doubtful accounts	$	1,054	$	1,289	$	(1,131	)	$	1,212
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

(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, 2020:
Allowance for product returns	$25,897	$76,802	$(74,736)	$27,963
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

Inventories

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

	June 30, 2020		June 30, 2019
Finished goods	$	52,879	$	49,492
Raw materials		9,710		14,097
Total Inventories	$	62,589	$	63,589

Property and Equipment, Net

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

	June 30, 2020			June 30, 2019
Computers and equipment	$	73,244		$	72,309
Purchased software		34,015			29,126
Office equipment, furniture and fixtures		10,639			10,815
Leasehold improvements		52,317			51,245
Total property and equipment		170,215			163,495
Less: accumulated depreciation and amortization		(111,402	)		(89,941	)
Property and equipment, net	$	58,813		$	73,554

The Company recognized depreciation expense of $28.6 million, $26.9 million, and $23.5 million related to property and equipment during the years ended 2020, 2019 and 2018, respectively.

Deferred Revenue

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

	June 30, 2020		June 30, 2019
Deferred maintenance, support, and SaaS	$	279,368	$	192,955
Other deferred revenue		11,819		10,287
Total deferred revenue, net		291,187		203,242
Less: current portion		190,226		144,230
Non-current deferred revenue, net	$	100,961	$	59,012

Total deferred revenue increased primarily due to the acquisition of Aerohive, and extended duration period of new service contracts during fiscal 2020.

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, 2020			June 30, 2019
Balance beginning of period	$	14,779		$	12,807
Warranties assumed due to acquisitions		570			—
New warranties issued		19,686			22,919
Warranty expenditures		(21,000	)		(20,947	)
Balance end of period	$	14,035		$	14,779

Other Long-term Liabilities

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

	June 30, 2020		June 30, 2019
Acquisition-related deferred payments, less current portion	$	5,847	$	9,604
Contingent consideration obligations, less current portion		506		2,688
Other contractual obligations, less current portion		16,722		26,261
Other		4,676		15,597
Total other long-term liabilities	$	27,751	$	54,150