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Balance Sheet Components | 12 Months Ended
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Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Balance Sheet Components | 4. Balance Sheet Components Cash, Cash Equivalents and Marketable Securities The following is a summary of cash and marketable securities (in thousands):
|  | June 30, 2019 |  | June 30, 2018
Cash |  | $169,607 |  | $121,139
Marketable securities (consisting of available-for-sale securities) |  | — |  | 1,459
Total cash and marketable securities |  | $169,607 |  | $122,598
Marketable securities are recorded in “Prepaid expenses and other current assets” in the accompanying consolidated balance sheets. Accounts Receivable The following is a summary of Accounts receivable (in thousands):
|  | June 30, 2019 |  |  | June 30, 2018 |
Accounts receivable |  | $ | 201,365 |  |  | $ | 225,167 |
Allowance for doubtful accounts |  |  | (1,054 | ) |  |  | (1,478 | )
Allowance for product returns |  |  | (25,897 | ) |  |  | (11,266 | )
Accounts receivable, net |  | $ | 174,414 |  |  | $ | 212,423 |
Accounts receivable, net decreased primarily due to strong collections during fiscal year 2019. The following table is a summary of the allowance for doubtful accounts (in thousands):
Description |  | Balance at beginning of period |  | Charges to bad debt expenses |  | Deductions (1) |  | Balance at end of period
Year Ended June 30, 2019: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $1,478 |  | $1,407 |  | $(1,831) |  | $1,054
Year Ended June 30, 2018: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $1,190 |  | $1,687 |  | $(1,399) |  | $1,478
Year Ended June 30, 2017: |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $1,648 |  | $323 |  | $(781) |  | $1,190
| (1) | Uncollectible accounts written off, net of recoveries
The following table is a summary of the Company’s allowance for product returns (in thousands):
Description |  | Balance at beginning of period |  | Additions |  | Deductions |  | Balance at end of period
Year Ended June 30, 2019: |  |  |  |  |  |  |  |
Allowance for product returns |  | $11,266 |  | $85,190 |  | $(70,559) |  | $25,897
Year Ended June 30, 2018: |  |  |  |  |  |  |  |
Allowance for product returns |  | $7,296 |  | $38,103 |  | $(34,133) |  | $11,266
Year Ended June 30, 2017: |  |  |  |  |  |  |  |
Allowance for product returns |  | $3,123 |  | $31,034 |  | $(26,861) |  | $7,296
Inventories The following is a summary of the Company’s inventory by category (in thousands):
|  | June 30, 2019 |  |  | June 30, 2018 |
Finished goods |  | $ | 49,492 |  |  | $ | 49,393 |
Raw materials |  |  | 14,097 |  |  |  | 14,474 |
Total Inventories |  | $ | 63,589 |  |  | $ | 63,867 |
Property and Equipment, Net
|  | June 30, 2019 |  |  | June 30, 2018 |
Computers and equipment |  | $ | 72,309 |  |  | $ | 60,677 |
Purchased software |  |  | 29,126 |  |  |  | 21,389 |
Office equipment, furniture and fixtures |  |  | 10,815 |  |  |  | 14,980 |
Leasehold improvements |  |  | 51,245 |  |  |  | 50,070 |
Total property and equipment |  |  | 163,495 |  |  |  | 147,116 |
Less: accumulated depreciation and amortization |  |  | (89,941 | ) |  |  | (68,597 | )
Property and equipment, net |  | $ | 73,554 |  |  | $ | 78,519 |
The Company recognized depreciation expense of $26.9 million, $23.5 million, and $10.6 million related to property and equipment during the years ended 2019, 2018 and 2017, respectively. Deferred Revenue The following table summarizes contract liabilities which are shown as deferred revenue (in thousands):
|  | June 30, 2019 |  |  | June 30, 2018 |
Deferred maintenance |  | $ | 192,955 |  |  | $ | 164,986 |
Other deferred revenue |  |  | 10,287 |  |  |  | 9,539 |
Total deferred revenue, net |  |  | 203,242 |  |  |  | 174,525 |
Less: current portion |  |  | 144,230 |  |  |  | 130,865 |
Non-current deferred revenue, net |  | $ | 59,012 |  |  | $ | 43,660 |
Total deferred revenue increased primarily due to the extended duration period of new maintenance contracts during fiscal year 2019. Accrued Warranty The following table summarizes the activity related to the Company’s product warranty liability during the following periods (in thousands):
|  | Year Ended |
|  | June 30, 2019 |  |  | June 30, 2018 |
Balance beginning of period |  | $ | 12,807 |  |  | $ | 10,584 |
Warranties assumed due to acquisitions |  |  | — |  |  |  | 3,682 |
New warranties issued |  |  | 22,919 |  |  |  | 10,491 |
Warranty expenditures |  |  | (20,947 | ) |  |  | (11,950 | )
Balance end of period |  | $ | 14,779 |  |  | $ | 12,807 |
Other Long-term Liabilities The following is a summary of long-term liabilities (in thousands):
|  | June 30, 2019 |  |  | June 30, 2018 |
Acquisition related deferred payments, less current portion |  | $ | 9,604 |  |  | $ | 13,251 |
Contingent consideration obligations, less current portion |  |  | 2,688 |  |  |  | 4,898 |
Other contractual obligations, less current portion |  |  | 26,261 |  |  |  | 31,200 |
Other |  |  | 15,597 |  |  |  | 9,751 |
Total other long-term liabilities |  | $ | 54,150 |  |  | $ | 59,100 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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