Balance sheet components

9 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance sheet components

Balance sheet components

Inventories

Inventories, net, consist of the following:

	June 30, 2018		September 30, 2017
(In thousands)
Finished goods	$	98,565	$	104,014
Components	14,846		9,842
Inventories	$	113,411	$	113,856

The Company writes down inventory as a result of excess and obsolete inventories, or when it believes that the net realizable value of inventories is less than the carrying value.

Deferred revenue

Amounts invoiced in advance of revenue recognition are recorded as deferred revenue on the condensed consolidated balance sheets. Changes in deferred revenue balances as of June 30, 2018 and July 1, 2017 were as follows:

	June 30, 2018			July 1, 2017
(In thousands)
Deferred revenue, beginning of period	$	45,567		$	36,160
Recognition of revenue included in beginning of period deferred revenue	(8,367		)	(5,171		)
Revenue deferred, net of revenue recognized on contracts in the respective period	18,594			11,817
Deferred revenue, end of period	$	55,794		$	42,806

As of June 30, 2018, deferred revenue was $55.8 million. The Company expects to recognize approximately $8.9 million in the remainder of fiscal 2018, $11.0 million in fiscal 2019, $10.3 million in fiscal 2020, $9.0 million in fiscal 2021, $7.2 million in fiscal 2022 and $9.4 million thereafter.