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BALANCE SHEET COMPONENTS

3 Months Ended

Sep. 30, 2023

Balance Sheet Related Disclosures [Abstract]

BALANCE SHEET COMPONENTS

BALANCE SHEET COMPONENTS

Inventories

Inventories consisted of the following (in thousands):

			September 30, 2023						June 30, 2023
Finished goods			$	607,259					$	643,499
Raw materials			99,249						93,622
Total			$	706,508					$	737,121

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

			September 30, 2023						June 30, 2023
Testing equipment			$	18,199					$	18,265
Tooling equipment			22,806						22,687
Leasehold improvements			25,234						24,968
Computer and other equipment			10,548						10,860
Software			9,582						9,421
Furniture and fixtures			1,824						1,716
Corporate aircraft			65,807						65,807
Property and equipment, gross			154,000						153,724
Less: Accumulated depreciation and amortization			(69,000)						(66,879)
Property and equipment, net			$	85,000					$	86,845

Other Long-term Assets

Other long-term assets consisted of the following (in thousands):

			September 30, 2023						June 30, 2023
Hong Kong Tax deposit (1)			60,148						60,106
Intangible assets, net (2)			5,336						5,695
Other long-term assets, net			5,249						5,523
Total			$	70,733					$	71,324

(1) The Company expects the deposits made with the Hong Kong Inland Revenue Department (“IRD”) to be refunded upon completion of the audit. See Note 12, "Income Taxes" to the consolidated financial statements for additional details regarding this ongoing tax audit.

(2) Accumulated amortization was $6.3 million and $5.9 million as of September 30, 2023, and June 30, 2023, respectively.

Other Current Liabilities

Other current liabilities consisted of the following (in thousands):

			September 30, 2023						June 30, 2023
Deferred revenue — short-term			$	19,630					17,911
Accrued expenses			21,213						23,426
Lease liability— current			14,278						14,333
Warranty accrual			9,649						8,745
Accrued compensation and benefits			8,136						7,330
Customer deposits			378						1,211
Reserve for sales returns			3,679						4,999
Inventory received not billed			49,724						56,862
Other payables			10,757						7,028
Total			$	137,444					$	141,845

Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in thousands):

			September 30, 2023						June 30, 2023
Deferred revenue — long-term			$	7,931					$	7,774

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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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