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ACCRUED WARRANTY
3 Months Ended
Sep. 30, 2023
Product Warranties Disclosures [Abstract]  
ACCRUED WARRANTY ACCRUED WARRANTY
The Company offers warranties on certain products, generally a period of one to two years and records a liability for the estimated future costs associated with potential warranty claims. The warranty costs are reflected in the Company’s consolidated statements of operations and comprehensive income within cost of revenues. The warranties are typically in effect for one year for distributors from the date of shipment and two years for direct sales from the date of delivery. The Company assesses the adequacy of its accrued warranty liabilities and adjusts the amounts as necessary based on historical experience factors and changes in future estimates. Historical factors include product failure rates, material usage and service delivery costs incurred in correcting product failures. In certain circumstances, the Company may have recourse from its contract manufacturers for replacement cost of defective products, which it also factors into its warranty liability assessment.

Warranty obligations, included in other current liabilities, were as follows (in thousands):
 Three Months Ended September 30,
 20232022
Beginning balance$8,745 $6,394 
Accruals for warranties issued during the period3,380 2,824 
Changes in liability for pre-existing warranties during the period546 71 
Settlements made during the period(3,022)(2,130)
Ending balance$9,649 $7,159