Balance Sheet Components

12 Months Ended

Jun. 30, 2022

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, 2022			June 30, 2021
Accounts receivable	$	368,778		$	324,343
Customer rebates		(163,953	)		(149,510	)
Allowance for credit losses		(695	)		(986	)
Allowance for product returns		(20,033	)		(17,371	)
Accounts receivable, net	$	184,097		$	156,476

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, 2022:
Allowance for credit losses	$	986	$	39	$	(330	)	$	695
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

(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, 2022:
Allowance for product returns	$	17,371	$	67,407	$	(64,745	)	$	20,033
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

Inventories

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

	June 30, 2022		June 30, 2021
Finished goods	$	40,733	$	27,901
Raw materials		8,498		4,984
Total inventories	$	49,231	$	32,885

Property and Equipment, Net

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

	June 30, 2022			June 30, 2021
Computers and equipment	$	75,387		$	75,866
Purchased software		47,161			40,037
Office equipment, furniture and fixtures		9,463			10,201
Leasehold improvements		52,564			53,329
Total property and equipment		184,575			179,433
Less: accumulated depreciation and amortization		(134,997	)		(124,429	)
Property and equipment, net	$	49,578		$	55,004

The Company recognized depreciation expense of $19.8 million, $23.0 million, and $28.6 million related to property and equipment during the years ended June 30, 2022, 2021 and 2020, respectively.

Deferred Revenue

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

	June 30, 2022		June 30, 2021
Deferred maintenance, support, and SaaS	$	393,289	$	328,797
Other deferred revenue		8,330		16,787
Total deferred revenue		401,619		345,584
Less: current portion		238,262		212,412
Non-current deferred revenue	$	163,357	$	133,172

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, 2022			June 30, 2021			June 30, 2020
Balance beginning of period	$	11,623		$	14,035		$	14,779
Warranties assumed due to acquisition		41			—			570
New warranties issued		13,314			11,760			19,686
Warranty expenditures		(14,126	)		(14,172	)		(21,000	)
Balance end of period	$	10,852		$	11,623		$	14,035