
	June 27, 2020		September 28, 2019
(In thousands)
Accounts receivable	$	65,450	$	124,049
Allowance for doubtful accounts	(1,369)		(1,255)
Allowance for sales incentives	(13,723)		(20,051)
Accounts receivable, net of allowances	$	50,358	$	102,743


	June 27, 2020		September 28, 2019
(In thousands)
Finished goods	$	78,727	$	207,723
Component parts	9,714		12,061
Inventories	$	88,441	$	219,784

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.

The following table presents details of the Company's goodwill for the nine months ended June 27, 2020:


(In thousands)
Balance as of September 28, 2019	$	1,005
Goodwill acquired	14,282
Purchase price adjustment	258
Balance as of June 27, 2020	$	15,545

The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:


	June 27, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Technology	$	7,583	$	(929)	$	6,654	3.80
Other	39		(11)		28		1.42
Total finite-lived intangible assets	7,622		(940)		6,682		3.79
In-process research and development and other intangible assets not subject to amortization	20,100		—		20,100
Total intangible assets	$	27,722	$	(940)	$	26,782

The following table summarizes estimated future amortization expense of the Company's intangible assets as of June 27, 2020:


Fiscal years ending	Future Amortization Expense
(In thousands)
Remainder of fiscal 2020	$	475
2021	1,899
2022	1,883
2023	1,235
2024	1,020
2025 and thereafter	170
Total future amortization expense	$	6,682


	June 27, 2020		September 28, 2019
(In thousands)
Accrued advertising and marketing	$	10,180	$	25,662
Accrued taxes	9,861		4,388
Accrued inventory	2,844		6,494
Accrued manufacturing, logistics and product development	13,654		14,783
Accrued general and administrative expenses	6,927		12,455
Other accrued payables	4,284		6,074
Total accrued expenses	$	47,750	$	69,856

Amounts invoiced in advance of revenue recognition are recorded as deferred revenue on the condensed consolidated balance sheets. Deferred revenue primarily relates to revenue allocated to unspecified software upgrades and platform services.

The following table presents the changes in the Company’s deferred revenue for the nine months ended June 27, 2020 and June 29, 2019:


	June 27, 2020		June 29, 2019
(In thousands)
Deferred revenue, beginning of period	$	56,449	$	50,967
Recognition of revenue included in beginning of period deferred revenue	(10,210)		(8,827)
Revenue deferred, net of revenue recognized on contracts in the respective period	14,126		13,966
Deferred revenue, end of period	$	60,365	$	56,106


	For the fiscal years ending
	2020		2021		2022		2023		2024 and Beyond		Total
(In thousands)
Deferred revenue expected to be recognized	$	3,865	$	14,271	$	12,425	$	10,497	$	19,307	$	60,365


	June 27, 2020		September 28, 2019
(In thousands)
Reserve for returns	$	12,284	$	12,110
Short-term operating lease liabilities	11,626		—
Product warranty liability	3,206		3,254
Other	2,235		2,184
Total other current liabilities	$	29,351	$	17,548

The following table presents the changes in the Company’s warranty liability for the nine months ended June 27, 2020 and June 29, 2019:


	June 27, 2020		June 29, 2019
(In thousands)
Warranty liability, beginning of period	$	3,254	$	2,450
Provision for warranties issued during the period	9,609		9,474
Settlements of warranty claims during the period	(9,657)		(8,828)
Warranty liability, end of period	$	3,206	$	3,096