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BALANCE SHEET COMPONENTS (Tables)
 12 Months Ended
Jun. 30, 2017
Balance Sheet Related Disclosures [Abstract]  
Inventories
Inventories consisted of the following (in thousands):
 
June 30,
 
2017
 
2016
Finished goods
$
141,247

 
$
55,694

Raw materials
10,361

 
8,500

Provision for inventory obsolescence
(9,560
)
 
(7,081
)
 
$
142,048

 
$
57,113
Property and equipment, net
The Company computes depreciation or amortization using the straight line method over estimated useful lives, as follows:
 
 
  
Estimated Useful Life
Testing equipment
  
3 to 5 years
Computer and other equipment
  
3 to 5 years
Furniture and fixtures
  
3 to 5 years
Software
 
up to 3 years
Leasehold improvements
  
shorter of lease term or useful life
Property and equipment, net consisted of the following (in thousands):
 
June 30,
 
2017
 
2016
Testing equipment
$
7,587

 
$
6,051

Computer and other equipment
5,740

 
4,857

Tooling equipment
7,828

 
5,801

Furniture and fixtures
1,528

 
1,325

Leasehold improvements
6,424

 
5,136

Software (1) (2)
5,601

 
2,488

Software in development (1) (2)
—

 
2,739

Property and Equipment, Gross
34,708

 
28,397

Less: Accumulated depreciation (3)
(21,792
)
 
(15,444
)
 
$
12,916

 
$
12,953



(1) - In the year ended June 30, 2016, the Company recorded a $2.5 million impairment charge in research and development
expense for capitalized software development costs due to the cancellation of the commercial launch of certain software in development. No impairment charges were recorded for the year ended June 30, 2017.

(2) - We capitalized $0.1 million for software development in fiscal 2017. We capitalized $1.3 million for software development in fiscal 2016.

(3)- The Company recorded depreciation expense of $6.8 million, $5.7 million and $4.7 million in fiscal 2017, 2016 and 2015, respectively.
Other long-term assets
Other long-term assets consisted of the following (in thousands):
 
June 30,
 
2017
 
2016
Intangible assets, net (1)
$
437

 
$
616

Other long-term assets
1,891

 
960

 
$
2,328

 
$
1,576


(1) - Accumulated amortization was $1.2 million and $1.0 million as of June 30, 2017 and June 30, 2016, respectively.
Accrued liabilities
Accrued liabilities consisted of the following (in thousands):
 
June 30,
 
2017
 
2016
Accrued compensation and benefits
$
2,467

 
$
1,589

Accrued expense
9,826

 
5,749

Warranty accrual
3,601

 
2,236

Deferred revenue - short term
5,254

 
2,917

Customer deposits
1,905

 
856

Reserve for sales returns
3,600

 
2,820

Other payables
6,377

 
10,505

 
$
33,030

 
$
26,672