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BALANCE SHEET COMPONENTS | 9 Months Ended
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Mar. 31, 2021
Balance Sheet Related Disclosures [Abstract] |
BALANCE SHEET COMPONENTS | BALANCE SHEET COMPONENTS Inventories Inventories consisted of the following (in thousands):
| March 31, 2021 |  | June 30, 2020
Finished goods | $ | 221,307 |  |  | $ | 282,381 |
Raw materials | 3,623 |  |  | 3,562 |
Total | $ | 224,930 |  |  | $ | 285,943 |
Property and Equipment, Net Property and equipment, net consisted of the following (in thousands):
| March 31, 2021 |  | June 30, 2020
Testing equipment | $ | 14,985 |  |  | $ | 12,476 |
Tooling equipment | 15,387 |  |  | 13,601 |
Leasehold improvements | 14,781 |  |  | 12,944 |
Computer and other equipment | 8,401 |  |  | 7,676 |
Software | 7,818 |  |  | 7,266 |
Furniture and fixtures | 2,384 |  |  | 2,147 |
Corporate aircraft | 65,807 |  |  | 64,659 |
Property and equipment, gross | 129,563 |  |  | 120,769 |
Less: Accumulated depreciation | (49,674) |  |  | (42,247) |
Property and equipment, net | $ | 79,889 |  |  | $ | 78,522 |
Other Long-term Assets Other long-term assets consisted of the following (in thousands):
| March 31, 2021 |  | June 30, 2020
Hong Kong Tax deposit (1) | 57,423 |  |  | 35,495 |
Intangible assets, net (2) | 9,021 |  |  | 3,063 |
Other long-term assets, net | 5,752 |  |  | 4,665 |
Total | $ | 72,196 |  |  | $ | 43,223 |
(1) The Company made a total of $57.4 million of deposits with the Hong Kong Inland Revenue Department (“IRD”) in connection with extending the statute of limitation for income tax examinations currently under audit for the 2010-2014 tax years. These deposits were made during fiscal years 2021, 2020, 2019, and 2018 in the amounts of $21.9 million, $15.5 million, $13.4 million and $6.6 million, respectively. The Company expects the $57.4 million of deposits made with the IRD to be refunded upon completion of the audit. See Note 14 to the consolidated financial statements for additional details regarding this ongoing tax audit. (2) Accumulated amortization was $2.4 million and $1.8 million as of March 31, 2021 and June 30, 2020, respectively. Other Current Liabilities Other current liabilities consisted of the following (in thousands):
| March 31, 2021 |  | June 30, 2020
Deferred revenue — short-term | $ | 22,193 |  |  | 16,464 |
Accrued expenses | 22,788 |  |  | 12,148 |
Lease liability— current | 8,593 |  |  | 7,056 |
Warranty accrual | 4,753 |  |  | 4,538 |
Accrued compensation and benefits | 4,178 |  |  | 4,084 |
Customer deposits | 4,280 |  |  | 2,061 |
Reserve for sales returns | 2,153 |  |  | 1,275 |
Inventory received not billed | 82,105 |  |  | 1,607 |
Other payables | 5,483 |  |  | 4,489 |
Total | $ | 156,526 |  |  | $ | 53,722 |
Other Long-Term Liabilities Other long-term liabilities consisted of the following (in thousands):
| March 31, 2021 |  | June 30, 2020
Deferred Revenue — long-term | $ | 9,323 |  |  | $ | 6,254 |
Other long-term liabilities | 40 |  |  | 58 |
Total | $ | 9,363 |  |  | $ | 6,312 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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