Balance Sheet Components

Cash, Cash Equivalents, and Restricted Cash

The following table provides a summary of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that reconciles to the corresponding amount in the Consolidated Statements of Cash Flows:



(In thousands)	June 30, 2017		July 1, 2016
Cash and cash equivalents	$	35,658	$	30,479
Restricted cash	541		558
Restricted cash included in Other assets	370		388
Total cash, cash equivalents, and restricted cash in the Statements of Cash Flows	$	36,569	$	31,425

Accounts Receivable, net

Our net accounts receivable is summarized below:



(In thousands)	June 30, 2017			July 1, 2016
Accounts receivable	$	49,864		$	71,416
Less: allowances for collection losses	(3,919		)	(7,967		)
	$	45,945		$	63,449

Inventories

Our inventories are summarized below:



(In thousands)	June 30, 2017		July 1, 2016
Finished products	$	16,619	$	20,044
Work in process	3,088		5,104
Raw materials and supplies	2,087		2,145
Total inventories	$	21,794	$	27,293
Deferred cost of revenue included within finished goods	$	7,120	$	5,984
Consigned inventories included within raw materials	$	1,268	$	2,035

During fiscal 2017, 2016 and 2015, we recorded charges to adjust our inventory and customer service inventory due to excess and obsolete inventory resulting from lower sales forecast, product transitioning or discontinuance. Such charges incurred during fiscal 2017, 2016 and 2015 were classified in cost of product sales as follows:



	Fiscal Year
(In thousands)	2017			2016			2015
Excess and obsolete inventory charges	$	39		$	9,175		$	6,291
Customer service inventory write-downs	1,098			693			1,752
	$	1,137		$	9,868		$	8,043
As % of revenue	0.5		%	3.7		%	2.4		%

Property, Plant and Equipment, net

Our property, plant and equipment, net are summarized below:



(In thousands)	June 30, 2017			July 1, 2016
Land	$	710		$	710
Buildings and leasehold improvements	11,442			11,714
Software	14,803			14,620
Machinery and equipment	43,174			42,960
	70,129			70,004
Less accumulated depreciation and amortization	(53,723		)	(51,842		)
	$	16,406		$	18,162

Depreciation and amortization expense related to property, plant and equipment, including amortization of internal use software and capital lease equipment, was $5.8 million, $6.6 million and $7.2 million, respectively, in fiscal 2017, 2016 and 2015.

Accrued Expenses

Our accrued expenses are summarized below:



(In thousands)	June 30, 2017		July 1, 2016
Accrued compensation and benefits	$	8,317	$	7,161
Accrued agent commissions	1,911		3,551
Accrued warranties	3,056		3,944
Other	8,649		8,549
	$	21,933	$	23,205

We accrue for the estimated cost to repair or replace products under warranty. Changes in our warranty liability, which is included as a component of accrued expenses in the consolidated balance sheets were as follows:



	Fiscal Year
(In thousands)	2017			2016			2015
Balance as of the beginning of the fiscal year	$	3,944		$	4,221		$	3,777
Warranty provision recorded during the period	1,604			3,462			5,595
Consumption during the period	(2,492		)	(3,739		)	(5,151		)
Balance as of the end of the period	$	3,056		$	3,944		$	4,221

Advanced payments and Unearned Income

Our advanced payments and unearned income are summarized below:



(In thousands)	June 30, 2017		July 1, 2016
Advanced payments	$	8,760	$	12,124
Unearned income	11,244		18,491
	$	20,004	$	30,615