Financial Statement Details

Accounts Receivable, net

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



	June 24, 2018			June 25, 2017
Billed trade receivables		$215,077			$205,516
Unbilled contract receivables	966			912
	216,043			206,428
Allowance for sales returns, discounts and other incentives	(56,800		)	(49,425		)
Allowance for bad debts	(5,368		)	(8,611		)
Accounts receivable, net		$153,875			$148,392

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



	Fiscal Years Ended
	June 24, 2018			June 25, 2017			June 26, 2016
Balance at beginning of period		$49,425			$48,710			$58,094
Current period claims	(184,022		)	(191,325		)	(163,523		)
Provision for sales returns, discounts and other incentives	191,397			192,040			154,139
Balance at end of period		$56,800			$49,425			$48,710

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



	Fiscal Years Ended
	June 24, 2018			June 25, 2017			June 26, 2016
Balance at beginning of period		$8,611			$5,505			$4,941
Current period provision	1,060			3,541			564
Write-offs, net of recoveries	(4,303		)	(435		)	—
Balance at end of period		$5,368			$8,611			$5,505

Inventories

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



	June 24, 2018		June 25, 2017
Raw material		$95,890		$73,410
Work-in-progress	104,300		100,402
Finished goods	95,825		110,573
Inventories		$296,015		$284,385

Property and Equipment, net

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



	June 24, 2018			June 25, 2017
Furniture and fixtures		$14,175			$14,567
Land and buildings	439,534			399,305
Machinery and equipment	1,229,857			1,185,119
Aircraft and vehicles	2,013			11,138
Computer hardware/software	54,024			46,677
Leasehold improvements and other	8,171			6,972
Construction in progress	211,758			162,450
Property and equipment, gross	1,959,532			1,826,228
Accumulated depreciation	(1,298,213		)	(1,244,965		)
Property and equipment, net		$661,319			$581,263

Depreciation of property and equipment totaled $110.6 million, $110.7 million and $118.8 million for the years ended June 24, 2018, June 25, 2017 and June 26, 2016, respectively.

During the years ended June 24, 2018, June 25, 2017 and June 26, 2016, the Company recognized approximately $7.9 million, $1.3 million and $10.3 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 24, 2018		June 25, 2017
Accrued taxes		$8,053		$11,148
Accrued professional fees	4,911		5,545
Accrued warranty	15,752		13,631
Accrued other	14,812		6,654
Other current liabilities		$43,528		$36,978

Accumulated Other Comprehensive Income, net of taxes

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



	June 24, 2018			June 25, 2017
Currency translation gain		$5,075			$4,471
Net unrealized (loss) gain on available-for-sale securities	(4,479		)	1,438
Accumulated other comprehensive income, net of taxes		$596			$5,909

Non-Operating Income (Expense), net

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



	Fiscal Years Ended
	June 24, 2018			June 25, 2017		June 26, 2016
(Loss) gain on sale of investments, net		($86	)		$93		$238
Gain (loss) on equity investment	7,145			7,543		(15,357		)
Dividends from equity investment	—			16		1,655
Interest income, net	1,827			3,696		4,472
Foreign currency gain (loss), net	2,250			2,460		(4,500		)
Other, net	506			200		457
Non-operating income (expense), net		$11,642			$14,008		($13,035	)

Reclassifications Out of Accumulated Other Comprehensive (Loss) 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 (Loss) Income Component	Amount Reclassified from Accumulated Other Comprehensive (Loss) Income							Affected Line Item in the Consolidated Statements of Loss
	Fiscal Years Ended
	June 24, 2018			June 25, 2017		June 26, 2016
Net unrealized (loss) gain on available-for-sale securities, net of taxes		($86	)		$93		$238	Non-operating income (expense), net
	(86		)	93		238		Loss before income taxes
	—			—		20		Income tax (benefit) expense
		($86	)		$93		$218	Net loss