DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS

3 Months Ended

Jul. 02, 2022

Balance Sheet Related Disclosures [Abstract]

DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS

DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts receivable, net

(in thousands)	July 2, 2022		April 2, 2022
Accounts receivable	$	359,643	$	381,744
Provisions for promotions and rebates	(84,190)		(102,499)
Provisions for doubtful accounts and sales allowances	(514)		(1,321)
Accounts receivable, net	$	274,939	$	277,924

Inventory, net

(in thousands)	July 2, 2022		April 2, 2022
Raw materials	$	94,943	$	90,192
Work in process	1,164		1,656
Finished goods	149,082		142,254
Inventory, net	$	245,189	$	234,102

Accrued Liabilities

(in thousands)	July 2, 2022		April 2, 2022
Short-term deferred revenue	$	122,412	$	128,339
Employee compensation and benefits	67,804		69,011
Provision for returns	17,520		17,672
Accrued other	109,483		123,814
Accrued liabilities	$	317,219	$	338,836

The Company's warranty obligation is recorded in accrued liabilities and other non-current liabilities in the condensed consolidated balance sheets. Changes in the warranty obligation during the three months ended July 2, 2022 and July 3, 2021 were as follows:

	Three Months Ended
(in thousands)	July 2, 2022		July 3, 2021
Warranty obligation at beginning of period	$	18,711	$	17,384
Warranty provision related to products shipped	4,733		4,157
Deductions for warranty claims processed	(6,494)		(6,800)
Adjustments related to preexisting warranties	1,848		3,603
Warranty obligation at end of period	$	18,798	$	18,344