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Balance Sheet Details
9 Months Ended
Mar. 31, 2018
Balance Sheet Details  
Balance Sheet Details

 

3. Balance Sheet Details

 

The following tables provide details of selected balance sheet accounts (in thousands):

 

 

 

June 30,
2017

 

March 31,
2018

 

 

 

 

 

 

 

Accounts receivable

 

$

216,089

 

$

226,217

 

Less allowance for doubtful accounts

 

(9,563

)

(9,537

)

 

 

 

 

 

 

Accounts receivable, net

 

$

206,526

 

$

216,680

 

 

 

 

 

 

 

 

 

 

 

 

June 30,
2017

 

March 31,
2018

 

 

 

 

 

 

 

Raw materials

 

$

129,645

 

$

157,434

 

Work-in-process

 

65,454

 

85,273

 

Finished goods

 

53,411

 

61,586

 

 

 

 

 

 

 

Inventories

 

$

248,510

 

$

304,293

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

March 31,

 

 

 

2017

 

2018

 

Land, buildings, civil works and improvements

 

$

171,335

 

$

73,893

 

Leasehold improvements

 

9,025

 

9,317

 

Equipment and tooling

 

166,991

 

115,220

 

Furniture and fixtures

 

3,371

 

3,429

 

Computer equipment

 

17,991

 

18,801

 

Computer software

 

17,303

 

19,146

 

Computer software implementation in process

 

2,590

 

3,344

 

Construction in process

 

1,049

 

1,239

 

 

 

 

 

 

 

Total

 

389,655

 

244,389

 

Less accumulated depreciation and amortization

 

(248,116

)

(130,722

)

 

 

 

 

 

 

Property and equipment, net

 

$

141,539

 

$

113,667

 

 

 

 

 

 

 

 

 

 

In September 2017, we purchased the AS&E facility in Billerica, MA for $19.8 million.  Depreciation expense was approximately $13.3 million and $5.4 million for the three months ended March 31, 2017 and 2018, respectively, and approximately $39.9 million and $38.4 million for the nine months ended March 31, 2017 and 2018, respectively.

 

In January 2018, we entered into a new two-year agreement with the Mexican government to continue providing security screening services.  Upon inception of the new contract, we transferred certain fixed assets to the customer, and this remaining cost to obtain the contract is amortized on a straightline basis as corresponding revenues are recognized.  As of March 31, 2018, $14.7 million and $11.6 million are recorded within Prepaid expenses and other current assets and Other assets, respectively.