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BALANCE SHEET COMPONENTS | 12 Months Ended
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Jun. 30, 2023
Balance Sheet Related Disclosures [Abstract] |
BALANCE SHEET COMPONENTS | BALANCE SHEET COMPONENTS Inventories Inventories consisted of the following (in thousands):
| June 30,
| 2023 |  | 2022
Finished goods | $ | 643,499 |  |  | $ | 253,260 |
Raw materials | 93,622 |  |  | 9,181 |
Total | $ | 737,121 |  |  | $ | 262,441 |
Property and Equipment, Net Property and equipment, net consisted of the following (in thousands):
| June 30,
| 2023 |  | 2022
Testing equipment | $ | 18,265 |  |  | $ | 16,999 |
Tooling equipment | 22,687 |  |  | 18,398 |
Leasehold improvements | 24,968 |  |  | 18,589 |
Computer and other equipment | 10,860 |  |  | 11,078 |
Software | 9,421 |  |  | 10,509 |
Furniture and fixtures | 1,716 |  |  | 2,668 |
Corporate aircraft | 65,807 |  |  | 65,807 |
Property and equipment, gross | 153,724 |  |  | 144,048 |
Less: Accumulated depreciation and amortization | (66,879) |  |  | (63,816) |
Property and equipment, net | $ | 86,845 |  |  | $ | 80,232 |
The Company recorded depreciation and amortization expense of $14.7 million, $12.1 million and $11.2 million in fiscal 2023, 2022 and 2021, respectively. Other Long-term Assets Other long-term assets consisted of the following (in thousands):
| June 30,
| 2023 |  | 2022
Hong Kong tax deposit (1) | $ | 60,106 |  |  | $ | 59,992 |
Intangible assets, net (2) | 5,695 |  |  | 7,228 |
Other long-term assets | 5,523 |  |  | 4,838 |
Total | $ | 71,324 |  |  | $ | 72,058 |
(1) The Company expects the deposits made with Hong Kong Inland Revenue Department ("IRD") to be refunded upon completion of the audit. See Note 12 to the consolidated financial statements for additional details regarding this ongoing tax audit. (2) Accumulated amortization was $5.9 million and $4.3 million for the periods ending June 30, 2023 and June 30, 2022, respectively. Other Current Liabilities Other current liabilities consisted of the following (in thousands):
| June 30,
| 2023 |  | 2022
Deferred revenue — short term | $ | 17,911 |  |  | $ | 20,766 |
Accrued expenses | 23,426 |  |  | 42,305 |
Lease liability — current | 14,333 |  |  | 12,744 |
Warranty accrual | 8,745 |  |  | 6,394 |
Accrued compensation and benefits | 7,330 |  |  | 6,168 |
Customer deposits | 1,211 |  |  | 1,059 |
Reserves for sales returns | 4,999 |  |  | 4,297 |
Inventory received not billed | 56,862 |  |  | 86,953 |
Other payables | 7,028 |  |  | 8,675 |
Total | $ | 141,845 |  |  | $ | 189,361 |
Other Long-Term Liabilities
| June 30,
| 2023 |  | 2022
Deferred revenue — long-term | $ | 7,774 |  |  | $ | 5,822 |
Total | $ | 7,774 |  |  | $ | 5,822 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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