Balance Sheet Components

6 Months Ended

Dec. 31, 2019

Balance Sheet Related Disclosures [Abstract]

The following tables provide details of the selected balance sheet items (in thousands):

Inventories:



	December 31, 2019		June 30, 2019
Finished goods	$	502,062	$	492,387
Work in process	64,113		43,598
Purchased parts and raw materials	138,255		134,203
Total inventories	$	704,430	$	670,188

The Company recorded a provision for excess and obsolete inventory to cost of sales totaling $6.8 million and $16.9 million in the three and six months ended December 31, 2019, respectively, and $4.6 million and $12.6 million in the three and six months ended December 31, 2018, respectively. These amounts exclude a (recovery) provision for adjusting the cost of certain inventories to net realizable value of $(0.9) million and $(2.7) million for the three and six months ended December 31, 2019, respectively, and $1.5 million for the six months ended December 31, 2018. The provision for adjusting the cost of certain inventories to net realizable value for the three months ended December 31, 2018 was not material.

Prepaid Expenses and Other Current Assets:



	December 31, 2019		June 30, 2019
Receivables from vendors (1)	$	92,354	$	83,050
Prepaid income tax	17,608		607
Restricted cash	12,682		11,673
Prepaid expenses	7,645		7,269
Deferred service costs	3,748		3,374
Others	13,018		3,822
Total prepaid expenses and other current assets	$	147,055	$	109,795

__________________________

(1) Includes receivables from contract manufacturers based on certain buy-sell arrangements of $85.6 million and $82.0 million as of December 31, 2019 and June 30, 2019, respectively.

Cash, cash equivalents and restricted cash:



	December 31, 2019		June 30, 2019
Cash and cash equivalents	$	309,038	$	248,164
Restricted cash included in prepaid expenses and other current assets	12,682		11,673
Restricted cash included in other assets	2,333		2,303
Total cash, cash equivalents and restricted cash	$	324,053	$	262,140

Property, Plant, and Equipment:



	December 31, 2019			June 30, 2019
Buildings	$	86,930		$	86,136
Machinery and equipment	83,419			79,946
Land	75,223			74,926
Buildings construction in progress (1)	29,653			14,189
Building and leasehold improvements	24,293			22,307
Furniture and fixtures	20,651			20,193
Software	19,066			18,415
	339,235			316,112
Accumulated depreciation and amortization	(118,684		)	(108,775		)
Property, plant and equipment, net	$	220,551		$	207,337

__________________________

(1) Primarily relates to the development and construction costs associated with the Company’s Green Computing Park located in San Jose, California and new building construction in Taiwan.

Other Assets:



	December 31, 2019		June 30, 2019
Operating lease right-of-use asset	$	12,568	$	—
Deferred service costs, non-current	3,956		3,572
Restricted cash, non-current	2,333		2,303
Investment in auction rate security	1,571		1,571
Deposits	565		686
Non-marketable equity securities	128		878
Prepaid expense, non-current	1,597		1,649
Total other assets	$	22,718	$	10,659

Accrued Liabilities:



	December 31, 2019		June 30, 2019
Contract manufacturers liability	$	36,866	$	25,308
Accrued payroll and related expenses	29,143		25,552
Customer deposits	15,714		11,133
Accrued warranty costs	8,956		8,661
Accrued cooperative marketing expenses	6,174		5,830
Accrued professional fees	5,572		11,756
Operating lease liability	4,851		—
Others	30,089		26,438
Total accrued liabilities	$	137,365	$	114,678

Other Long-term Liabilities:



	December 31, 2019		June 30, 2019
Accrued unrecognized tax benefits including related interest and penalties	$	20,458	$	20,102
Operating lease liability, non-current	8,169		—
Accrued warranty costs, non-current	2,486		2,373
Others	2,080		3,708
Total other long-term liabilities	$	33,193	$	26,183

Product Warranties:



	Three Months Ended December 31,						Six Months Ended December 31,
	2019			2018			2019			2018
Balance, beginning of the period	$	11,285		$	10,245		$	11,034		$	9,884
Provision for warranty	9,401			5,463			17,106			11,653
Costs utilized	(9,115		)	(5,179		)	(16,777		)	(11,737		)
Change in estimated liability for pre-existing warranties	(129		)	(95		)	79			634
Balance, end of the period	11,442			10,434			11,442			10,434
Current portion	8,956			8,216			8,956			8,216
Non-current portion	$	2,486		$	2,218		$	2,486		$	2,218