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Balance sheet components | 6 Months Ended
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Mar. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance sheet components | Balance sheet components Accounts receivable, net of allowances Accounts receivable, net of allowances, consist of the following:
| March 30, 2019 |  | September 29, 2018
(In thousands) |
Accounts receivable | $ | 77,117 |  |  | $ | 85,840 |
Allowance for doubtful accounts | (970 | ) |  | (872 | )
Allowance for sales incentives | (12,017 | ) |  | (11,754 | )
Accounts receivable, net of allowances | $ | 64,130 |  |  | $ | 73,214 |
Inventories Inventories, net, consist of the following:
| March 30, 2019 |  | September 29, 2018
(In thousands) |
Finished goods | $ | 86,480 |  |  | $ | 176,181 |
Component parts | 17,245 |  |  | 17,012 |
Inventories | $ | 103,725 |  |  | $ | 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. Accrued expenses Accrued expenses consisted of the following:
| March 30, 2019 |  | September 29, 2018
(In thousands) |  |  |
Accrued advertising and marketing | $ | 10,208 |  |  | $ | 11,613 |
Accrued taxes | 3,808 |  |  | 4,175 |
Accrued inventory | 644 |  |  | 4,179 |
Accrued manufacturing, logistics and product development | 6,897 |  |  | 8,290 |
Accrued general and administrative expenses | 5,396 |  |  | 3,322 |
Other accrued payables | 4,992 |  |  | 7,108 |
Total accrued expenses | $ | 31,945 |  |  | $ | 38,687 |
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 March 30, 2019 and March 31, 2018 were as follows:
| March 30, 2019 |  | March 31, 2018
(In thousands) |  |  |
Deferred revenue, beginning of period | $ | 50,967 |  |  | $ | 45,567 |
Recognition of revenue included in beginning of period deferred revenue | (6,040 | ) |  | (6,014 | )
Revenue deferred, net of revenue recognized on contracts in the respective period | 10,306 |  |  | 9,831 |
Deferred revenue, end of period | $ | 55,233 |  |  | $ | 49,384 |
The Company expects the following recognition of revenue as of March 30, 2019:
| For the fiscal years ending |  |
| 2019 |  | 2020 |  |  | 2021 |  | 2022 |  | 2023 and Beyond |  | Total
(In thousands) |  |  |  |  |  |  |  |  |  |  |
Revenue expected to be recognized | $ | 6,634 |  |  | $ | 12,351 |  |  | $ | 11,048 |  |  | $ | 9,202 |  |  | $ | 15,998 |  |  | $ | 55,233 |
Other current liabilities Other current liabilities consist of the following:
| As of
| March 30, 2019 |  | September 29, 2018
(In thousands) |  |  |
Reserve for returns | $ | 10,950 |  |  | $ | 5,005 |
Product warranty liability | 3,726 |  |  | 2,450 |
Other | 3,238 |  |  | 3,403 |
Total other current liabilities | $ | 17,914 |  |  | $ | 10,858 |
The following table presents the changes in the Company’s warranty liability for the six months ended March 30, 2019 and March 31, 2018:
| March 30, 2019 |  | March 31, 2018
(In thousands) |  |  |
Warranty liability, beginning of period | $ | 2,450 |  |  | $ | 2,437 |
Provision for warranties issued during the period | 6,934 |  |  | 4,544 |
Settlements of warranty claims during the period | (5,658 | ) |  | (4,889 | )
Warranty liability, end of period | $ | 3,726 |  |  | $ | 2,092 |

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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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