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BALANCE SHEET COMPONENTS

12 Months Ended

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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- References

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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

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