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BALANCE SHEET COMPONENTS (Tables)
 9 Months Ended
Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]  
Inventories
Inventories consisted of the following (in thousands):
March 31, 2019June 30, 2018
Finished goods$276,729 $96,747 
Raw materials3,195 5,473 
Total$279,924 $102,220 
Property and equipment, net
Property and equipment, net consisted of the following (in thousands):
March 31, 2019June 30, 2018
Testing equipment$9,699 $8,577 
Computer and other equipment7,012 6,265 
Tooling equipment10,558 9,594 
Furniture and fixtures2,022 1,890 
Leasehold improvements11,255 10,106 
Software6,304 6,032 
Property and Equipment, Gross46,850 42,464 
Less: Accumulated depreciation(33,438)(28,136)
Property and Equipment, Net$13,412 $14,328 
Other long-term assets
Other long-term assets consisted of the following (in thousands):
March 31, 2019June 30, 2018
Intangible assets, net (1)$3,309 $460 
Private equity investment (2)5,000 — 
Other long-term assets3,907 3,331 
Total$12,216 $3,791 
(1) - Accumulated amortization was $1.5 million and $1.3 million as of March 31, 2019 and June 30, 2018, respectively.
(2) - During the second quarter of fiscal 2019, the Company entered into a $5 million strategic cost method investment where the Company acquired preferred stock. As of March 31, 2019 the shares are recorded at cost in Other Long-Term Assets on our Consolidated Balance Sheet. We elected to use the measurement alternative, defined as cost, less impairments, as adjusted up or down based on observable price changes in orderly transactions for identical or similar investments of the same issuer. Adjustments resulting from impairments and/or observable price changes are to be recorded as other income (expense) on a prospective basis. The carrying amount of our equity investments and any related gain or loss may fluctuate in the future as a result of the re-measurement of such equity investments upon the occurrence of observable price changes and/or impairments.
Other current liabilities
Other current liabilities consisted of the following (in thousands):
March 31, 2019June 30, 2018
Accrued expenses$12,980 $18,241 
Accrued compensation and benefits2,263 3,091 
Warranty accrual4,340 3,840 
Deferred revenue — short-term14,287 8,509 
Customer deposits576 770 
Reserve for sales returns1,005 1,219 
Other payables1,880 32,943 
Total$37,331 $68,613 
Other long term liabilities
Other long-term liabilities consisted of the following (in thousands):
March 31, 2019June 30, 2018
Deferred Revenue — long-term$7,184 $4,275 
Other long-term liabilities2,236 1,567 
Total$9,420 $5,842