DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS

3 Months Ended

Jul. 03, 2021

Balance Sheet Related Disclosures [Abstract]

DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts receivable, net:


(in thousands)	July 3, 2021		April 3, 2021
Accounts receivable	$	360,004	$	352,108

Provisions for promotions, rebates, and other	(86,586)		(82,315)
Provisions for doubtful accounts and sales allowances	(1,826)		(2,329)
Accounts receivable, net	$	271,592	$	267,464

The Company maintains a provision for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company regularly performs credit evaluations of its customers’ financial conditions and considers factors such as historical experience, credit quality, age of the accounts receivable balances, geographic or country-specific risks, and economic conditions that may affect a customer’s ability to pay.

Inventory, net:


(in thousands)	July 3, 2021		April 3, 2021
Raw materials	$	83,420	$	87,050
Work in process	4,927		9,511
Finished goods	99,129		97,844
Inventory, net	$	187,476	$	194,405

Accrued Liabilities:


(in thousands)	July 3, 2021		April 3, 2021
Short-term deferred revenue	$	136,433	$	141,375
Employee compensation and benefits	61,095		84,318
Operating lease liabilities, current	20,293		21,701
Provision for returns	19,011		25,133







Accrued other	125,108		121,557
Accrued liabilities	$	361,940	$	394,084

The Company's warranty obligation is recorded in accrued liabilities in the condensed consolidated balance sheets. Changes in the warranty obligation during the three months ended July 3, 2021 and June 27, 2020 were as follows:


	Three Months Ended
(in thousands)	July 3, 2021		June 27, 2020
Warranty obligation at beginning of period	$	17,384	$	15,261

Warranty provision related to products shipped	4,157		9,428
Deductions for warranty claims processed	(6,800)		(4,269)
Adjustments related to preexisting warranties	3,603		(533)
Warranty obligation at end of period	$	18,344	$	19,887