Balance Sheet Components

12 Months Ended

Jun. 30, 2021

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, 2021			June 30, 2020
Accounts receivable	$	324,343		$	240,503
Customer rebates		(149,510	)		(88,601	)
Allowance for credit losses		(986	)		(1,212	)
Allowance for product returns		(17,371	)		(27,963	)
Accounts receivable, net	$	156,476		$	122,727

The following table is a summary of the allowance for credit losses (in thousands):

Description	Balance at beginning of period		Provision for expected credit losses		Deductions (1)			Balance at end of period
Year Ended June 30, 2021:
Allowance for credit losses	$	1,212	$	409	$	(635	)	$	986
Year Ended June 30, 2020:
Allowance for credit losses	$	1,054	$	1,289	$	(1,131	)	$	1,212
Year Ended June 30, 2019:
Allowance for credit losses	$	1,478	$	1,407	$	(1,831	)	$	1,054

(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, 2021:
Allowance for product returns	$27,963	$67,113	$(77,705)	$17,371
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

Inventories

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

	June 30, 2021		June 30, 2020
Finished goods	$	27,901	$	52,879
Raw materials		4,984		9,710
Total Inventories	$	32,885	$	62,589

Property and Equipment, Net

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

	June 30, 2021			June 30, 2020
Computers and equipment	$	75,866		$	73,244
Purchased software		40,037			34,015
Office equipment, furniture and fixtures		10,201			10,639
Leasehold improvements		53,329			52,317
Total property and equipment		179,433			170,215
Less: accumulated depreciation and amortization		(124,429	)		(111,402	)
Property and equipment, net	$	55,004		$	58,813

The Company recognized depreciation expense of $23.0 million, $28.6 million, and $26.9 million related to property and equipment during the years ended 2021, 2020 and 2019, respectively.

Deferred Revenue

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

	June 30, 2021		June 30, 2020
Deferred maintenance, support, and SaaS	$	328,797	$	279,368
Other deferred revenue		16,787		11,819
Total deferred revenue		345,584		291,187
Less: current portion		212,412		190,226
Non-current deferred revenue	$	133,172	$	100,961

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, 2021			June 30, 2020			June 30, 2019
Balance beginning of period	$	14,035		$	14,779		$	12,807
Warranties assumed due to acquisitions		—			570			—
New warranties issued		11,760			19,686			22,919
Warranty expenditures		(14,172	)		(21,000	)		(20,947	)
Balance end of period	$	11,623		$	14,035		$	14,779

Other Long-term Liabilities

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

	June 30, 2021		June 30, 2020
Acquisition-related deferred payments, less current portion	$	1,978	$	5,847
Other contractual obligations, less current portion		8,553		16,722
Other		4,014		5,182
Total other long-term liabilities	$	14,545	$	27,751