
	March 30, 2024		September 30, 2023
(In thousands)
Accounts receivable	$	97,748	$	99,369
Allowance for credit losses	(2,245)		(2,711)
Allowance for sales incentives	(25,778)		(29,075)
Accounts receivable, net of allowances	$	69,725	$	67,583


	March 30, 2024		September 30, 2023
(In thousands)
Finished goods	$	114,222	$	281,571
Component parts	65,323		64,950
Inventories	$	179,545	$	346,521

As of March 30, 2024 and September 30, 2023, inventory write-downs were $33.1 million and $29.7 million, respectively.

The following table presents the changes in carrying amount of goodwill during the six months ended March 30, 2024:


(In thousands)
Balance as of September 30, 2023	$	80,420
Effect of exchange rate changes on goodwill	883
Balance as of March 30, 2024	$	81,303

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


	March 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation		Net Carrying Value		Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Trade name	$	451	$	(149)	$	(3)	$	299	4.00
Technology-based	31,480		(14,536)		—		16,944		4.65
Total finite-lived intangible assets	31,931		(14,685)		(3)		17,243		4.64
In-process research and development not subject to amortization	71,759		—		(524)		71,235
Total intangible assets	$	103,690	$	(14,685)	$	(527)	$	88,478

The following table summarizes the estimated future amortization expense of the Company's intangible assets as of March 30, 2024:


Fiscal years ending	Future Amortization Expense
(In thousands)
Remainder of fiscal 2024	$	2,985
2025	3,369
2026	3,040
2027	3,025
2028	2,909
2029 and thereafter	1,915
Total future amortization expense	$	17,243

Capitalized costs to implement cloud computing arrangements net of accumulated amortization are reported as a component of other noncurrent assets on the Company's condensed consolidated balance sheets and were as follows:


	March 30, 2024		September 30, 2023
Cloud computing implementation costs	$	24,177	$	24,177
Less: accumulated amortization	7,952		6,207
Cloud computing implementation costs, net	$	16,225	$	17,970

Amortization expenses for implementation costs for cloud-based computing arrangements for the three and six months ended March 30, 2024 were $0.9 million and $1.7 million, respectively. Amortization expenses for implementation costs for cloud-based computing arrangements for the three and six months ended April 1, 2023 were $1.0 million and $1.9 million, respectively.


	March 30, 2024		September 30, 2023
(In thousands)
Accrued inventory and supply chain costs	$	37,444	$	48,384
Accrued general and administrative expenses	10,969		9,924
Accrued taxes	7,565		11,410
Accrued advertising and marketing	6,431		13,029
Accrued product development	4,017		4,298
Other accrued payables	5,815		2,672
Total accrued expenses	$	72,241	$	89,717

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. Recognition of revenue as of April 1, 2023, includes $9.2 million of deferred revenue from the fourth quarter of fiscal 2022, related to newly launched products sold to resellers not recognized as revenue until the date general availability was reached, which was the first quarter of fiscal 2023.


	Six Months Ended
	March 30, 2024		April 1, 2023
(In thousands)
Deferred revenue, beginning of period	$	80,838	$	83,470
Recognition of revenue included in beginning of period deferred revenue	(12,775)		(16,186)
Revenue deferred, net of revenue recognized on contracts in the respective period	15,245		14,443
Deferred revenue, end of period	$	83,308	$	81,727


	For the fiscal years ending
	Remainder of 2024		2025		2026		2027		2028 and Beyond		Total
(In thousands)
Deferred revenue expected to be recognized	$	10,919	$	18,987	$	16,600	$	13,949	$	22,853	$	83,308


	March 30, 2024		September 30, 2023
(In thousands)
Reserve for returns	$	26,565	$	21,462
Short-term operating lease liabilities	7,283		1,153
Warranty liability	6,900		7,466
Other	9,569		4,172
Total other current liabilities	$	50,317	$	34,253


	March 30, 2024		April 1, 2023
(In thousands)
Warranty liability, beginning of period	$	7,466	$	5,771
Provision for warranties issued during the period	8,126		7,892
Settlements of warranty claims during the period	(8,692)		(4,670)
Warranty liability, end of period	$	6,900	$	8,993