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Revenue Recognition (Tables)
 9 Months Ended
Mar. 29, 2019
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
The following table provides information about receivables and liabilities from contracts with customers (in thousands):

 
March 29, 2019
 
At Adoption on June 30, 2018
Contract Assets
 
 
 
Accounts receivable, net
$
45,622

 
$
45,571

Unbilled receivables
$
28,474

 
$
22,794

Capitalized commissions
$
589

 
$
656

Contract Liabilities
 
 
 
Advance payments and unearned revenue
$
18,507

 
$
12,700

Unearned revenue, long-term
$
8,071

 
$
7,295
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
 
Balances as of June 29, 2018
 
Adjustments due to ASC 606
 
As Adjusted Balances as of June 30, 2018
Balance Sheet
 
 
 
 
 
Assets
 
 
 
 
 
Accounts receivable, net
$
43,068

 
$
2,503

 
$
45,571

Unbilled receivables
$
14,167

 
$
8,627

 
$
22,794

Inventories
$
21,290

 
$
(11,516
)
 
$
9,774

Other current assets
$
6,006

 
$
476

 
$
6,482

Deferred income taxes
$
5,600

 
$
(545
)
 
$
5,055

Other assets
$
9,816

 
$
180

 
$
9,996

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Advance payments and unearned revenue
$
19,300

 
$
(6,600
)
 
$
12,700

Unearned revenue - long term
$
6,593

 
$
702

 
$
7,295

 
 
 
 
 
 
Equity
 
 
 
 
 
Accumulated deficit
$
(746,359
)
 
$
5,623

 
$
(740,736
)
The effects of the adoption of the new revenue recognition guidance on our March 29, 2019 unaudited Condensed Consolidated Balance Sheet were as follows:

 
As of March 29, 2019
 
As Reported
 
Adjustments due to ASC 606
 
Balances without adoption of ASC 606
Balance Sheet
 
 
 
 
 
Assets
 
 
 
 
 
Accounts receivable, net
$
45,622

 
$
(7,473
)
 
$
38,149

Unbilled receivables
$
28,474

 
$
(15,943
)
 
$
12,531

Inventories
$
10,309

 
$
18,530

 
$
28,839

Other current assets
$
4,664

 
$
(340
)
 
$
4,324

Deferred income taxes
$
12,185

 
$
545

 
$
12,730

Other assets
$
12,098

 
$
(299
)
 
$
11,799

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Accrued expenses
$
22,234

 
$
(369
)
 
$
21,865

Advance payments and unearned revenue
$
18,507

 
$
7,023

 
$
25,530

Unearned revenue - long term
$
8,071

 
$
(1,021
)
 
$
7,050

Reserve for uncertain tax positions
$
3,654

 
$
(37
)
 
$
3,617

 
 
 
 
 
 
Equity
 
 
 
 
 
Accumulated deficit
$
(734,837
)
 
$
(10,576
)
 
$
(745,413
)
The following tables summarize the impacts of adopting ASC 606 on the unaudited Condensed Consolidated Statements of Operations for the three and nine months ended March 29, 2019 and our Consolidated Balance Sheet as of June 29, 2018 (in thousands):
 
Three Months Ended March 29, 2019
 
As Reported
 
Adjustments
 
Balances without Adoption of ASC 606
Income Statement
 
 
 
 
 
Revenues:
 
 
 
 
 
Revenue from product sales
$
34,615

 
$
304

 
$
34,919

Revenue from services
19,422

 
(227
)
 
19,195

Total revenues
$
54,037

 
$
77

 
$
54,114

Cost of revenues:
 
 
 
 
 
Cost of product sales
$
23,712

 
$
334

 
$
24,046

Cost of services
14,070

 
(354
)
 
13,716

Total cost of revenues
$
37,782

 
$
(20
)
 
$
37,762

 
 
 
 
 
 
Selling and administrative expenses
$
13,408

 
$
(39
)
 
$
13,369

 
 
 
 
 
 
Net income
$
4,339

 
$
366

 
$
4,705


 
Nine Months Ended March 29, 2019
 
As Reported
 
Adjustments
 
Balances without Adoption of ASC 606
Income Statement
 
 
 
 
 
Revenues:
 
 
 
 
 
Revenue from product sales
$
115,696

 
$
(10,215
)
 
$
105,481

Revenue from services
63,933

 
(2,370
)
 
61,563

Total revenues
$
179,629

 
$
(12,585
)
 
$
167,044

Cost of revenues:
 
 
 
 
 
Cost of product sales
$
76,670

 
$
(5,394
)
 
$
71,276

Cost of services
46,289

 
(1,884
)
 
44,405

Total cost of revenues
$
122,959

 
$
(7,278
)
 
$
115,681

 
 
 
 
 
 
Selling and administrative expenses
$
41,405

 
$
(74
)
 
$
41,331

 
 
 
 
 
 
Net income
$
5,899

 
$
(4,954
)
 
$
945