Financial Statement Details

Accounts Receivable, net

The following table summarizes the components of accounts receivable, net (in thousands):



	June 29, 2014			June 30, 2013
Billed trade receivables		$255,374			$220,307
Unbilled contract receivables	1,557			1,171
	256,931			221,478
Allowance for sales returns, discounts and other incentives	(29,010		)	(26,500		)
Allowance for bad debts	(2,761		)	(2,471		)
Accounts receivable, net		$225,160			$192,507

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



	Fiscal Years Ended
	June 29, 2014			June 30, 2013			June 24, 2012
Balance at beginning of period		$26,500			$20,681			$19,615
Current period claims	(115,568		)	(84,983		)	(67,773		)
Provision for sales returns, discounts and other incentives	118,078			90,802			68,839
Balance at end of period		$29,010			$26,500			$20,681

The following table summarizes the changes in the Company’s allowance for bad debts (in thousands):



	Fiscal Years Ended
	June 29, 2014			June 30, 2013			June 24, 2012
Balance at beginning of period		$2,471			$1,782			$753
Current period provision	903			801			1,029
Write-offs, net of recoveries	(613		)	(112		)	—
Balance at end of period		$2,761			$2,471			$1,782

Inventories

The following table summarizes the components of inventories (in thousands):



	June 29, 2014		June 30, 2013
Raw material		$95,594		$62,253
Work-in-progress	92,889		68,146
Finished goods	96,297		66,602
Inventories		$284,780		$197,001

Property and Equipment, net

The following table summarizes the components of property and equipment, net (in thousands):



	June 29, 2014			June 30, 2013
Furniture and fixtures		$12,822			$11,268
Land and buildings	355,044			333,761
Machinery and equipment	1,046,878			924,076
Aircraft and vehicles	16,292			16,250
Computer hardware/software	35,446			32,405
Leasehold improvements and other	18,890			18,566
Construction in progress	85,068			54,447
	1,570,440			1,390,773
Accumulated depreciation	(964,727		)	(847,940		)
Property and equipment, net		$605,713			$542,833

Depreciation of property and equipment totaled $125.3 million, $115.5 million and $110.6 million for the years ended June 29, 2014, June 30, 2013 and June 24, 2012, respectively.

During the years ended June 29, 2014, June 30, 2013 and June 24, 2012, the Company recognized approximately $1.3 million, $1.9 million and $2.6 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 Consolidated Statements of Income.

Other Current Liabilities

The following table summarizes the components of other current liabilities (in thousands):



	June 29, 2014		June 30, 2013
Accrued taxes		$19,835		$21,436
Accrued professional fees	5,373		4,493
Accrued warranty	5,842		5,259
Accrued other	7,936		12,060
Other current liabilities		$38,986		$43,248

Accumulated Other Comprehensive Income, net of taxes

The following table summarizes the components of accumulated other comprehensive income, net of taxes (in thousands):



	June 29, 2014		June 30, 2013
Currency translation gain		$8,549		$8,492
Net unrealized gain (loss) on available-for-sale securities	2,856		(248		)
Accumulated other comprehensive income, net of taxes		$11,405		$8,244

Non-Operating Income, net

The following table summarizes the components of non-operating income, net (in thousands):



	Fiscal Years Ended
	June 29, 2014		June 30, 2013		June 24, 2012
Foreign currency gain, net		$45		$735		$171
Gain on sale of investments, net	68		111		994
Interest income, net	11,932		7,882		7,457
Other, net	1,250		2,335		(233		)
Non-operating income, net		$13,295		$11,063		$8,389

Reclassifications Out of Accumulated Other Comprehensive Income, net of taxes

The following table summarizes the amounts reclassified out of accumulated other comprehensive income (in thousands):



Accumulated Other Comprehensive Income Component	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Income
	Fiscal Years Ended
	June 29, 2014		June 30, 2013		June 24, 2012
Net unrealized gain on available-for-sale securities, net of taxes		$68		$107		$994	Non-operating income, net
	68		107		994		Income before income taxes
	11		21		68		Income tax expense
		$57		$86		$926	Net income