Balance sheet components

Accounts receivable, net of allowances

Accounts receivable, net of allowances, consist of the following:



	June 29, 2019			September 29, 2018
(In thousands)
Accounts receivable	$	110,507		$	85,840
Allowance for doubtful accounts	(1,069		)	(872		)
Allowance for sales incentives	(18,105		)	(11,754		)
Accounts receivable, net of allowances	$	91,333		$	73,214

Inventories

Inventories, net, consist of the following:



	June 29, 2019		September 29, 2018
(In thousands)
Finished goods	$	104,078	$	176,181
Component parts	17,147		17,012
Inventories	$	121,225	$	193,193

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.

Accrued expenses

Accrued expenses consisted of the following:



	June 29, 2019		September 29, 2018
(In thousands)
Accrued advertising and marketing	$	17,707	$	11,613
Accrued taxes	4,999		4,175
Accrued inventory	1,723		4,179
Accrued manufacturing, logistics and product development	9,348		8,290
Accrued general and administrative expenses	7,413		3,322
Other accrued payables	5,372		7,108
Total accrued expenses	$	46,562	$	38,687

Deferred revenue

Amounts invoiced in advance of revenue recognition are recorded as deferred revenue on the condensed consolidated balance sheets. Deferred revenue primarily relates to revenue allocated to unspecified software upgrades and platform services. The following table presents the changes in the Company’s deferred revenue for the nine months ended June 29, 2019 and June 30, 2018:



	June 29, 2019			June 30, 2018

(In thousands)
Deferred revenue, beginning of period	$	50,967		$	45,567
Recognition of revenue included in beginning of period deferred revenue	(8,827		)	(8,367		)
Revenue deferred, net of revenue recognized on contracts in the respective period	13,966			18,594
Deferred revenue, end of period	$	56,106		$	55,794

The Company expects the following recognition of deferred revenue as of June 29, 2019:



	For the fiscal years ending
	2019		2020		2021		2022		2023 and Beyond		Total

(In thousands)
Deferred revenue expected to be recognized	$	3,561	$	12,934	$	11,631	$	9,785	$	18,195	$	56,106

Other current liabilities

Other current liabilities consist of the following:



	June 29, 2019		September 29, 2018
(In thousands)
Reserve for returns	$	10,390	$	5,005
Product warranty liability	3,096		2,450
Other	2,660		3,403
Total other current liabilities	$	16,146	$	10,858

The following table presents the changes in the Company’s warranty liability for the nine months ended June 29, 2019 and June 30, 2018:



	June 29, 2019			June 30, 2018
(In thousands)
Warranty liability, beginning of period	$	2,450		$	2,437
Provision for warranties issued during the period	9,474			6,865
Settlements of warranty claims during the period	(8,828		)	(6,785		)
Warranty liability, end of period	$	3,096		$	2,517