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Balance Sheet Components
 6 Months Ended
Apr. 03, 2021
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:
April 3, 2021October 3, 2020
(In thousands)
Accounts receivable$91,737 $73,757 
Allowance for credit losses(1,435)(1,307)
Allowance for sales incentives(20,612)(17,515)
Accounts receivable, net of allowances$69,690 $54,935 
Inventories

Inventories consist of the following:
April 3, 2021October 3, 2020
(In thousands)
Finished goods $131,541 $172,184
Component parts8,040 8,646 
Inventories $139,581 $180,830

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.

Intangible assets

The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:
April 3, 2021
Gross Carrying AmountAccumulated AmortizationNet Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Technology$7,789 $(2,468)$5,321 3.10
Other39 (26)13 0.67
Total finite-lived intangible assets7,828 (2,494)5,334 3.09
In-process research and development and other intangible assets not subject to amortization20,100 — 20,100 
Total intangible assets$27,928 $(2,494)$25,434 

The following table summarizes estimated future amortization expense of the Company's intangible assets as of April 3, 2021:
Fiscal years endingFuture Amortization Expense
(In thousands)
Remainder of fiscal 2021$971 
20221,927 
20231,246 
20241,020 
2025170 
2026 and thereafter— 
Total future amortization expense$5,334 
Accrued expenses
Accrued expenses consist of the following:

April 3, 2021October 3, 2020
 (In thousands)
Accrued advertising and marketing$9,999 $10,609 
Accrued taxes9,294 6,252 
Accrued inventory7,864 2,843 
Accrued manufacturing, logistics and product development12,366 9,753 
Accrued general and administrative expenses16,555 10,068 
Other accrued payables5,581 5,524 
Total accrued expenses$61,659 $45,049 

Deferred revenue

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 cloud-based services.

The following table presents the changes in the Company’s deferred revenue for the six months ended April 3, 2021 and March 28, 2020:
April 3,
2021		March 28,
2020
(In thousands)
Deferred revenue, beginning of period$62,389 $56,449 
Recognition of revenue included in beginning of period deferred revenue(7,883)(6,904)
Revenue deferred, net of revenue recognized on contracts in the respective period16,383 10,798 
Deferred revenue, end of period$70,889 $60,343 

The Company expects the following recognition of deferred revenue as of April 3, 2021:
For the fiscal years ending
20212022202320242025 and BeyondTotal
(In thousands)
Deferred revenue expected to be recognized$10,473 $15,360 $13,432 $11,382 $20,242 $70,889 

Other current liabilities

Other current liabilities consist of the following:
April 3, 2021October 3, 2020
(In thousands)
Reserve for returns$20,572 $14,195 
Short-term operating lease liabilities10,718 10,910 
Product warranty liability4,856 3,628 
Other4,624 2,417 
Total other current liabilities$40,770 $31,150 
The following table presents the changes in the Company’s warranty liability for the six months ended April 3, 2021 and March 28, 2020:
April 3, 2021March 28, 2020
(In thousands)
Warranty liability, beginning of period$3,628 $3,254 
Provision for warranties issued during the period8,844 7,098 
Settlements of warranty claims during the period(7,616)(6,608)
Warranty liability, end of period$4,856 $3,744