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Balance Sheet Components
 9 Months Ended
Jul. 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:
July 3, 2021October 3, 2020
(In thousands)
Accounts receivable$86,540 $73,757 
Allowance for credit losses(1,477)(1,307)
Allowance for sales incentives(14,734)(17,515)
Accounts receivable, net of allowances$70,329 $54,935 
Inventories

Inventories consist of the following:
July 3, 2021October 3, 2020
(In thousands)
Finished goods $132,784 $172,184
Component parts13,913 8,646 
Inventories $146,697 $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:
July 3, 2021
Gross Carrying AmountAccumulated AmortizationNet Carrying ValueWeighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Technology$7,813 $(2,960)$4,853 2.88
Other39 (30)9 0.42
Total finite-lived intangible assets7,852 (2,990)4,862 2.87
In-process research and development and other intangible assets not subject to amortization20,100 — 20,100 
Total intangible assets$27,952 $(2,990)$24,962 

The following table summarizes estimated future amortization expense of the Company's intangible assets as of July 3, 2021:
Fiscal years endingFuture Amortization Expense
(In thousands)
Remainder of fiscal 2021$488 
20221,936 
20231,248 
20241,020 
2025170 
2026 and thereafter— 
Total future amortization expense$4,862 
Accrued expenses

Accrued expenses consist of the following:

July 3, 2021October 3, 2020
 (In thousands)
Accrued advertising and marketing$17,122 $10,609 
Accrued taxes12,023 6,252 
Accrued inventory16,747 2,843 
Accrued manufacturing, logistics and product development13,958 9,753 
Accrued general and administrative expenses11,000 10,068 
Other accrued payables6,156 5,524 
Total accrued expenses$77,006 $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 nine months ended July 3, 2021 and June 27, 2020:
July 3,
2021		June 27,
2020
(In thousands)
Deferred revenue, beginning of period$62,388 $56,449 
Recognition of revenue included in beginning of period deferred revenue(13,381)(10,210)
Revenue deferred, net of revenue recognized on contracts in the respective period21,379 14,126 
Deferred revenue, end of period$70,386 $60,365 

The Company expects the following recognition of deferred revenue as of July 3, 2021:
For the fiscal years ending
20212022202320242025 and BeyondTotal
(In thousands)
Deferred revenue expected to be recognized$4,624 $16,157 $14,229 $12,178 $23,198 $70,386 

Other current liabilities

Other current liabilities consist of the following:
July 3, 2021October 3, 2020
(In thousands)
Reserve for returns$19,758 $14,195 
Short-term operating lease liabilities10,734 10,910 
Product warranty liability5,233 3,628 
Other6,746 2,417 
Total other current liabilities$42,471 $31,150 
The following table presents the changes in the Company’s warranty liability for the nine months ended July 3, 2021 and June 27, 2020:
July 3, 2021June 27, 2020
(In thousands)
Warranty liability, beginning of period$3,628 $3,254 
Provision for warranties issued during the period12,218 9,609 
Settlements of warranty claims during the period(10,613)(9,657)
Warranty liability, end of period$5,233 $3,206