Composition Of Certain Financial Statement Captions

9 Months Ended

Jun. 30, 2023

Composition Of Certain Financial Statement Captions [Abstract]

Composition Of Certain Financial Statement Captions

Composition of Certain Financial Statement Captions

The following tables present detailed information from our unaudited interim condensed consolidated balance sheets as of June 30, 2023 and September 30, 2022 (in thousands).

Accounts Receivable and Contract Assets


	June 30, 2023		September 30, 2022
Trade accounts receivable	$	130,522	$	162,531
Accounts receivable from patent administration program licensees	146,355		92,896
Contract assets	192,720		176,218
Accounts receivable and contract assets, gross	469,597		431,645
Less: allowance for credit losses on accounts receivable and contract assets	(10,147)		(11,959)
Total accounts receivable and contract assets, net	$	459,450	$	419,686

Accounts receivable as of June 30, 2023 and September 30, 2022, respectively, includes unbilled accounts receivable balances of $141.2 million and $106.9 million, related to amounts that are contractually owed. The unbilled balance represents our unconditional right to consideration related to fixed fee contracts which we are entitled to as a result of satisfying, or partially satisfying, performance obligations, as well as Via LA's unconditional right to consideration related to its patent administration programs.


Allowance for Credit Losses	Beginning Balance		Charges/(Credits) to S&M and G&A		Additions/(Deductions)		Ending Balance
For fiscal year-to-date period ended:
September 30, 2022	$	8,952	$	5,460	$	(7)	$	14,405
June 30, 2023	14,405		(348)		(1,793)		12,264

Allowance for credit losses includes the provision for estimated credit losses on our sales-type leases, which was not material as of June 30, 2023 and September 30, 2022.

Inventories


	June 30, 2023		September 30, 2022
Raw materials	$	5,833	$	10,026
Work in process	3,961		4,955
Finished goods	22,604		8,568
Total inventories	$	32,398	$	23,549

Inventories are stated at the lower of cost and net realizable value. Inventory with a consumption period expected to exceed twelve months is recorded within other non-current assets in our unaudited interim condensed consolidated balance sheets. We have included $1.9 million and $2.8 million of raw materials inventory within non-current assets as of June 30, 2023 and September 30, 2022, respectively. Based on anticipated inventory consumption rates, and aside from existing write-downs due to excess inventory, we do not believe that material risk of obsolescence exists prior to ultimate sale.

Prepaid Expenses and Other Current Assets


	June 30, 2023		September 30, 2022
Prepaid expenses	$	25,550	$	26,851
Other current assets	28,598		23,224

Total prepaid expenses and other current assets	$	54,148	$	50,075

Accrued Liabilities


	June 30, 2023		September 30, 2022

Amounts payable to patent administration program partners	$	155,373	$	63,106
Accrued compensation and benefits	93,470		84,111
Accrued professional fees	22,203		13,057
Unpaid property, plant, and equipment additions	17,938		15,428
Accrued customer refunds	4,519		3,674
Accrued market development funds	14,549		7,206
Other accrued liabilities	38,473		43,655
Total accrued liabilities	$	346,525	$	230,237

Other Non-Current Liabilities


	June 30, 2023		September 30, 2022
Supplemental retirement plan obligations	$	4,088	$	4,127
Non-current tax liabilities (1)	91,333		83,758
Other liabilities	28,582		12,237
Total other non-current liabilities	$	124,003	$	100,122

(1) Refer to Note 12 "Income Taxes" for additional information related to our tax liabilities.