2. Balance Sheet Components

Financing receivables

A financing receivable is a contractual right to receive money, on demand or on fixed or determinable dates, that is recognized as an asset in the Company’s balance sheet. The Company’s financing receivables, consisting of its accounts receivable with contractual maturities of more than one year, were $2.8 million and $2.9 million at March 31, 2014 and June 30, 2013, respectively, and are included in Other Assets in the condensed consolidated balance sheets. There was no balance in the allowance for doubtful accounts related to such financing receivables as of March 31, 2014 and June 30, 2013, respectively.

Inventories

Inventories consisted of the following (in thousands):

	March 31,		June 30,
	2014		2013
Raw materials	$	39,536	$	33,721
Work-in-process	22,736		20,564
Finished goods	32,816		27,307
Inventories	$	95,088	$	81,592

Property and equipment, net

Property and equipment, net consisted of the following (in thousands):

	March 31,			June 30,
	2014			2013
Furniture and fixtures	$	5,473		$	6,506
Computer and office equipment	10,566			9,481
Software	10,682			9,586
Leasehold improvements	18,054			19,199
Machinery and equipment	38,848			37,371
Shared ownership systems	6,265			4,979
Construction in progress	5,746			3,084
	95,634			90,206
Less: Accumulated depreciation	(61,095		)	(55,473		)
Property and equipment, net	$	34,539		$	34,733

Depreciation expense related to property and equipment for the three and nine months ended March 31, 2014 was $3.0 million and $9.1 million, respectively. Depreciation expense related to property and equipment for the three and nine months ended March 31, 2013 was $3.7 million and $11.6 million, respectively.