Financial Statement Details

Accounts Receivable, net

The following is a summary of the components of accounts receivable, net (in thousands):



	June 24, 2012			June 26, 2011
Billed trade receivables		$173,145			$137,799
Unbilled contract receivables	1,576			1,038
	174,721			138,837
Allowance for sales returns, discounts and other incentives	(20,681		)	(19,615		)
Allowance for bad debts	(1,782		)	(753		)
Total accounts receivable, net		$152,258			$118,469

The following table summarizes the changes in the Company’s allowance for sales returns and other incentives (in thousands):



	Fiscal Years Ended
	June 24, 2012			June 26, 2011			June 27, 2010
Balance at beginning of period		$19,615			$20,551			$9,644
Current period claims	(64,826		)	(47,448		)	(23,036		)
Provision for sales returns	65,892			46,512			33,943
Balance at end of period		$20,681			$19,615			$20,551

The following table is a roll forward of the Company’s allowance for bad debts (in thousands):



	Fiscal Years Ended
	June 24, 2012		June 26, 2011			June 27, 2010
Balance at beginning of period		$753		$1,947			$2,531
Current year provision	1,029		(956		)	738
Write-offs net of recoveries	—		(238		)	(1,322		)
Balance at end of period		$1,782		$753			$1,947

Inventories

The following is a summary of the components of inventories (in thousands):



	June 24, 2012		June 26, 2011
Raw material		$57,618		$38,781
Work-in-progress	74,241		74,816
Finished goods	56,990		62,885
Total inventories		$188,849		$176,482

Property and Equipment, net

The following table reflects the components of property and equipment (in thousands):



	June 24, 2012			June 26, 2011
Furniture and fixtures		$11,499			$10,439
Land and buildings	289,163			254,190
Machinery and equipment	856,733			799,259
Aircraft and vehicles	15,912			748
Computer hardware/software	29,510			26,954
Leasehold improvements and other	19,082			18,305
Construction in progress	108,986			95,974
	1,330,885			1,205,869
Accumulated depreciation	(748,424		)	(649,940		)
Property and Equipment, net		$582,461			$555,929

Depreciation of property and equipment totaled $110.6 million, $93.1 million and $74.1 million for the years ended June 24, 2012, June 26, 2011 and June 27, 2010, respectively.

During the years ended June 24, 2012, June 26, 2011 and June 27, 2010, the Company recorded approximately $2.6 million, $1.5 million and $3.9 million, respectively, as losses on disposals or impairments of property and equipment. These charges are reflected in Loss on Disposal or Impairment of Long Lived Assets in the accompanying Consolidated Statements of Income.