Financial Statement Details

Accounts Receivable, net

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



	June 25, 2017			June 26, 2016
Billed trade receivables		$205,516			$217,691
Unbilled contract receivables	912			2,135
	206,428			219,826
Allowance for sales returns, discounts and other incentives	(49,425		)	(48,710		)
Allowance for bad debts	(8,611		)	(5,505		)
Accounts receivable, net		$148,392			$165,611

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



	Fiscal Years Ended
	June 25, 2017			June 26, 2016			June 28, 2015
Balance at beginning of period		$48,710			$58,094			$29,010
Current period claims	(191,325		)	(163,523		)	(148,715		)
Provision for sales returns, discounts and other incentives	192,040			154,139			177,799
Balance at end of period		$49,425			$48,710			$58,094

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



	Fiscal Years Ended
	June 25, 2017			June 26, 2016		June 28, 2015
Balance at beginning of period		$5,505			$4,941		$2,761
Current period provision	3,541			564		2,184
Write-offs, net of recoveries	(435		)	—		(4		)
Balance at end of period		$8,611			$5,505		$4,941

Inventories

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



	June 25, 2017		June 26, 2016
Raw material		$73,410		$83,299
Work-in-progress	100,402		96,779
Finished goods	110,573		123,464
Inventories		$284,385		$303,542

Property and Equipment, net

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



	June 25, 2017			June 26, 2016
Furniture and fixtures		$14,567			$14,280
Land and buildings	399,305			386,573
Machinery and equipment	1,185,119			1,126,936
Aircraft and vehicles	11,138			10,455
Computer hardware/software	46,677			44,095
Leasehold improvements and other	6,972			6,497
Construction in progress	162,450			150,114
	1,826,228			1,738,950
Accumulated depreciation	(1,244,965		)	(1,139,227		)
Property and equipment, net		$581,263			$599,723

Depreciation of property and equipment totaled $110.7 million, $118.8 million and $136.3 million for the years ended June 25, 2017, June 26, 2016 and June 28, 2015, respectively.

During the years ended June 25, 2017, June 26, 2016 and June 28, 2015, the Company recognized approximately $1.3 million, $10.3 million and $44.3 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 Loss.

Other Current Liabilities

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



	June 25, 2017		June 26, 2016
Accrued taxes		$11,148		$12,720
Accrued professional fees	5,545		7,980
Accrued warranty	13,631		20,207
Accrued other	6,654		5,164
Other current liabilities		$36,978		$46,071

Accumulated Other Comprehensive Income, net of taxes

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



	June 25, 2017		June 26, 2016
Currency translation gain		$4,471		$4,624
Net unrealized (loss) gain on available-for-sale securities	1,438		4,104
Accumulated other comprehensive income, net of taxes		$5,909		$8,728

Non-Operating Income (Expense), net

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



	Fiscal Years Ended
	June 25, 2017		June 26, 2016			June 28, 2015
Gain on sale of investments, net		$93		$238			$925
Gain (loss) on equity investment	7,543		(15,357		)	(22,624		)
Dividends from equity investment	16		1,655			2,581
Interest income, net	3,696		4,472			9,086
Foreign currency gain (loss), net	2,460		(4,500		)	(929		)
Other, net	200		457			572
Non-operating income (expense), net		$14,008		($13,035	)		($10,389	)

Reclassifications Out of Accumulated Other Comprehensive Income, net of taxes

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



Accumulated Other Comprehensive Income Component	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Loss
	Fiscal Years Ended
	June 25, 2017		June 26, 2016		June 28, 2015
Net unrealized gain on available-for-sale securities, net of taxes		$93		$238		$925	Non-operating income (expense), net
	93		238		925		Loss before income taxes
	—		20		210		Income tax expense (benefit)
		$93		$218		$715	Net loss