Balance sheet components

Accounts receivable, net of allowances

Accounts receivable, net of allowances, consist of the following:



	December 29, 2018			September 29, 2018
(In thousands)
Accounts receivable	$	156,999		$	85,840
Allowance for doubtful accounts	(1,140		)	(872		)
Allowance for sales incentives	(34,205		)	(11,754		)
Accounts receivable, net of allowances	$	121,654		$	73,214

Inventories

Inventories, net, consist of the following:



	December 29, 2018		September 29, 2018
(In thousands)
Finished goods	$	95,394	$	176,181
Components	14,456		17,012
Inventories	$	109,850	$	193,193

The Company writes down inventory as a result of excess and obsolete inventories, or when it believes that the net realizable value of inventories is less than the carrying value.

Deferred revenue

Amounts invoiced in advance of revenue recognition are recorded as deferred revenue on the condensed consolidated balance sheets. Changes in deferred revenue balances as of December 29, 2018 and December 30, 2017 were as follows:



	December 29, 2018			December 30, 2017

(In thousands)
Deferred revenue, beginning of period	$	50,967		$	45,567
Recognition of revenue included in beginning of period deferred revenue	(2,986		)	(3,780		)
Revenue deferred, net of revenue recognized on contracts in the respective period	7,472			7,226
Deferred revenue, end of period	$	55,453		$	49,013

The Company expects the following recognition of revenue as of December 29, 2018:



	For the fiscal years ending
	2019		2020		2021		2022		2023 and Beyond		Total

(In thousands)
Revenue expected to be recognized	$	9,451	$	12,051	$	10,638	$	8,792	$	14,521	$	55,453

Other current liabilities

Other current liabilities consist of the following:



	As of
	December 29, 2018		September 29, 2018
(In thousands)
Reserve for returns	$	13,920	$	5,005
Product warranty liability	4,974		2,450
Other	3,890		3,403
Total other current liabilities	$	22,784	$	10,858

The following table presents the changes in the Company’s warranty liability for the three months ended December 29, 2018 and December 30, 2017 (in thousands):



	December 29, 2018			December 30, 2017
Warranty liability, beginning of period	$	2,450		$	2,437
Provision for warranties issued during the period	5,105			2,952
Settlements of warranty claims during the period	(2,581		)	(2,404		)
Warranty liability, end of period	$	4,974		$	2,985