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BALANCE SHEET COMPONENTS
 9 Months Ended
Mar. 31, 2021
Balance Sheet Related Disclosures [Abstract]  
BALANCE SHEET COMPONENTS BALANCE SHEET COMPONENTS
Inventories
Inventories consisted of the following (in thousands):

March 31, 2021June 30, 2020
Finished goods$221,307 $282,381 
Raw materials3,623 3,562 
Total$224,930 $285,943 
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
March 31, 2021June 30, 2020
Testing equipment$14,985 $12,476 
Tooling equipment15,387 13,601 
Leasehold improvements14,781 12,944 
Computer and other equipment8,401 7,676 
Software7,818 7,266 
Furniture and fixtures2,384 2,147 
Corporate aircraft65,807 64,659 
Property and equipment, gross129,563 120,769 
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, 2021June 30, 2020
Hong Kong Tax deposit (1)
57,423 35,495 
Intangible assets, net (2)
9,021 3,063 
Other long-term assets, net5,752 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, 2021June 30, 2020
Deferred revenue — short-term$22,193 16,464 
Accrued expenses22,788 12,148 
Lease liability— current8,593 7,056 
Warranty accrual4,753 4,538 
Accrued compensation and benefits4,178 4,084 
Customer deposits4,280 2,061 
Reserve for sales returns2,153 1,275 
Inventory received not billed82,105 1,607 
Other payables5,483 4,489 
Total$156,526 $53,722 
Other Long-Term Liabilities
Other long-term liabilities consisted of the following (in thousands):
March 31, 2021June 30, 2020
Deferred Revenue — long-term$9,323 $6,254 
Other long-term liabilities40 58 
Total$9,363 $6,312