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Balance Sheet Components | 12 Months Ended
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Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Components | 5. Balance Sheet Components Accounts Receivable, Net The following table summarizes the Company's accounts receivable (in thousands):
|  | June 30, 2023 |  |  | June 30, 2022 |
Accounts receivable |  | $ | 440,298 |  |  | $ | 368,778 |
Customer rebates |  |  | (222,246 | ) |  |  | (163,953 | )
Allowance for credit losses |  |  | (882 | ) |  |  | (695 | )
Allowance for product returns |  |  | (35,125 | ) |  |  | (20,033 | )
Accounts receivable, net |  | $ | 182,045 |  |  | $ | 184,097 |
The following table summarizes the Company's allowance for credit losses (in thousands):
Description |  | Balance at beginning of period |  |  | Provision for expected credit losses |  |  | Deductions (1) |  |  | Balance at end of period |
Year Ended June 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  | $ | 695 |  |  | $ | 464 |  |  | $ | (277 | ) |  | $ | 882 |
Year Ended June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  | $ | 986 |  |  | $ | 39 |  |  | $ | (330 | ) |  | $ | 695 |
Year Ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  | $ | 1,212 |  |  | $ | 409 |  |  | $ | (635 | ) |  | $ | 986 |
(1) Uncollectible accounts written off, net of recoveries. The following table summarizes 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, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for product returns |  | $ | 20,033 |  |  | $ | 104,028 |  |  | $ | (88,936 | ) |  | $ | 35,125 |
Year Ended June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for product returns |  | $ | 17,371 |  |  | $ | 67,407 |  |  | $ | (64,745 | ) |  | $ | 20,033 |
Year Ended June 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for product returns |  | $ | 27,963 |  |  | $ | 67,113 |  |  | $ | (77,705 | ) |  | $ | 17,371 |
Inventories, Net The following table summarizes the Company’s inventory by category (in thousands):
|  | June 30, 2023 |  |  | June 30, 2022 |
Finished goods |  | $ | 78,180 |  |  | $ | 40,733 |
Raw materials |  |  | 10,844 |  |  |  | 8,498 |
Total inventories |  | $ | 89,024 |  |  | $ | 49,231 |
Property and Equipment, Net The following table summarizes the Company’s property and equipment by category (in thousands):
|  | June 30, 2023 |  |  | June 30, 2022 |
Computers and equipment |  | $ | 81,612 |  |  | $ | 75,387 |
Purchased software |  |  | 51,444 |  |  |  | 47,161 |
Office equipment, furniture and fixtures |  |  | 8,899 |  |  |  | 9,463 |
Leasehold improvements |  |  | 48,943 |  |  |  | 52,564 |
Total property and equipment |  |  | 190,898 |  |  |  | 184,575 |
Less: accumulated depreciation and amortization |  |  | (144,450 | ) |  |  | (134,997 | )
Property and equipment, net |  | $ | 46,448 |  |  | $ | 49,578 |
The Company recognized depreciation expense of $19.5 million, $19.8 million, and $23.0 million related to property and equipment during the years ended June 30, 2023, 2022 and 2021, respectively. Deferred Revenue The following table summarizes the Company's contract liabilities which are shown as deferred revenue (in thousands):
|  | June 30, 2023 |  |  | June 30, 2022 |
Deferred maintenance, support, and SaaS |  | $ | 486,075 |  |  | $ | 393,289 |
Other deferred revenue |  |  | 15,424 |  |  |  | 8,330 |
Total deferred revenue |  |  | 501,499 |  |  |  | 401,619 |
Less: current portion |  |  | 282,475 |  |  |  | 238,262 |
Non-current deferred revenue |  | $ | 219,024 |  |  | $ | 163,357 |
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, 2023 |  |  | June 30, 2022 |  |  | June 30, 2021 |
Balance beginning of period | $ | 10,852 |  |  | $ | 11,623 |  |  | $ | 14,035 |
Warranties assumed due to acquisition |  | — |  |  |  | 41 |  |  |  | — |
New warranties issued |  | 15,463 |  |  |  | 13,314 |  |  |  | 11,760 |
Warranty expenditures |  | (13,993 | ) |  |  | (14,126 | ) |  |  | (14,172 | )
Balance end of period | $ | 12,322 |  |  | $ | 10,852 |  |  | $ | 11,623 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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