Balance Sheet Components

Cash, Cash Equivalents, and Restricted Cash

The following table provides a summary of our cash, cash equivalents, and restricted cash reported within the Condensed Consolidated Balance Sheets that reconciles to the corresponding amount in the Condensed Consolidated Statement of Cash Flows:



(In thousands)	March 29, 2019		June 29, 2018
Cash and cash equivalents	$	36,053	$	37,425
Restricted cash	—		3
Restricted cash included in other assets	262		336
Total cash, cash equivalents, and restricted cash in the Statement of Cash Flows	$	36,315	$	37,764

Accounts Receivable, net

Our net accounts receivable are summarized below:



(In thousands)	March 29, 2019			June 29, 2018
Accounts receivable	$	47,644		$	44,656
Less: Allowances for collection losses	(2,022		)	(1,588		)
Total accounts receivable, net	$	45,622		$	43,068

Inventories

Our inventories are summarized below:



(In thousands)	March 29, 2019		June 29, 2018
Finished products	$	6,649	$	15,496
Work in process	—		3,246
Raw materials and supplies	3,660		2,548
Total inventories	$	10,309	$	21,290
Deferred cost of revenue included within finished goods	$	—	$	3,667
Consigned inventories included within raw materials and supplies	$	1,641	$	1,492

We record recovery or charges to adjust our inventory and customer service inventory due to excess and obsolete inventory resulting from lower sales forecast, product transitioning, or discontinuance. During the three and nine months ended March 29, 2019, we recorded a net recovery of $64,000 and $311,000, respectively, in each case related to previously reserved inventory due to sell through. Such recovery or charges during the three and nine months ended March 29, 2019 and March 30, 2018 were classified in cost of product sales as follows:



	Three Months Ended						Nine Months Ended
(In thousands)	March 29, 2019			March 30, 2018			March 29, 2019			March 30, 2018
Excess and obsolete inventory (recovery) charges	$	(64	)	$	(138	)	$	(311	)	$	(280	)
Customer service inventory write-downs	313			309			715			656
Total inventory (recovery) charges	$	249		$	171		$	404		$	376

Property, Plant and Equipment, net

Our property, plant and equipment, net are summarized below:



(In thousands)	March 29, 2019			June 29, 2018
Land	$	710		$	710
Buildings and leasehold improvements	11,663			11,597
Software	17,439			15,498
Machinery and equipment	48,339			48,076
Total property, plant and equipment, gross	78,151			75,881
Less: Accumulated depreciation and amortization	(61,302		)	(58,702		)
Total property, plant and equipment, net	$	16,849		$	17,179

Depreciation and amortization expense related to property, plant and equipment, including amortization of software developed for internal use, was as follows:



	Three Months Ended				Nine Months Ended
(In thousands)	March 29, 2019		March 30, 2018		March 29, 2019		March 30, 2018
Depreciation and amortization	$	1,024	$	1,391	$	3,408	$	3,981

Accrued Expenses

Our accrued expenses are summarized below:



(In thousands)	March 29, 2019		June 29, 2018
Accrued compensation and benefits	$	7,319	$	8,574
Accrued agent commissions	2,288		1,774
Accrued warranties	3,434		3,196
Other	9,193		12,320
Total accrued expenses	$	22,234	$	25,864

Accrued Warranties

We accrue for the estimated cost to repair or replace products under warranty. Changes in our warranty liability, which is included as a component of accrued expenses in the unaudited Condensed Consolidated Balance Sheets were as follows:



	Three Months Ended						Nine Months Ended
(In thousands)	March 29, 2019			March 30, 2018			March 29, 2019			March 30, 2018
Balance as of the beginning of the period	$	3,416		$	3,168		$	3,196		$	3,056
Warranty provision recorded during the period	466			589			1,632			1,817
Consumption during the period	(448		)	(585		)	(1,394		)	(1,701		)
Balance as of the end of the period	$	3,434		$	3,172		$	3,434		$	3,172

Advance Payments and Unearned Revenue

Our advance payments and unearned revenue are summarized below:



(In thousands)	March 29, 2019		June 29, 2018
Advance payments	$	1,836	$	7,151
Unearned revenue	16,671		12,149
Total advance payments and unearned revenue	$	18,507	$	19,300

Excluded from the balances above are $8.1 million and $6.6 million in long-term unearned revenue as of March 29, 2019 and June 29, 2018, respectively.