
	January 1, 2022		October 2, 2021
(In thousands)
Accounts receivable	$	203,120	$	121,486
Allowance for credit losses	(1,998)		(1,547)
Allowance for sales incentives	(22,865)		(19,160)
Accounts receivable, net of allowances	$	178,257	$	100,779


	January 1, 2022		October 2, 2021
(In thousands)
Finished goods	$	145,492	$	154,608
Component parts	59,670		30,522
Inventories	$	205,162	$	185,130

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.

The following table presents the changes in carrying amount of goodwill during the three months ended January 1, 2022:


(In thousands)
Balance as of October 2, 2021	$	15,545
Goodwill acquired	22,181
Balance as of January 1, 2022	$	37,726

The following table reflects the changes in the net carrying amount of the components of intangible assets associated with the Company's acquisition activity:


	January 1, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted-Average Remaining Life
(In thousands, except weighted-average remaining life)
Technology	$	13,932	$	(4,170)	$	9,762	2.85
Total finite-lived intangible assets	13,932		(4,170)		9,762		2.85
In-process research and development not subject to amortization	20,100		—		20,100
Total intangible assets	$	34,032	$	(4,170)	$	29,862

The following table summarizes the estimated future amortization expense of the Company's intangible assets as of January 1, 2022:


Fiscal years ending	Future Amortization Expense
(In thousands)
Remainder of fiscal 2022	$	2,906
2023	3,237
2024	3,024
2025	423
2026	94
2027 and thereafter	78
Total future amortization expense	$	9,762


	January 1, 2022		October 2, 2021
(In thousands)
Accrued advertising and marketing	$	27,951	$	19,989
Accrued taxes	34,292		16,941
Accrued inventory	58,871		37,117
Accrued manufacturing, logistics and product development	21,252		14,943
Accrued general and administrative expenses	12,649		13,066
Other accrued payables	9,486		5,973
Total accrued expenses	$	164,501	$	108,029

Amounts invoiced in advance of revenue recognition are recorded as deferred revenue on the condensed consolidated balance sheets. Deferred revenue primarily related to revenue allocated to unspecified software upgrades and cloud-based services. Recognition of revenue included deferred revenue from the fourth quarter of fiscal 2021 related to newly launched products sold to resellers not recognized as revenue until the date of general availability was reached, which was in the first quarter of fiscal 2022.

The following table presents the changes in the Company’s deferred revenue for the three months ended January 1, 2022, and January 2, 2021:


	January 1, 2022		January 2, 2021
(In thousands)
Deferred revenue, beginning of period	$	89,498	$	62,389
Recognition of revenue included in beginning of period deferred revenue	(23,721)		(3,357)
Revenue deferred, net of revenue recognized on contracts in the respective period	9,801		9,809
Deferred revenue, end of period	$	75,578	$	68,841


	For the fiscal years ending
	2022		2023		2024		2025		2026 and Beyond		Total
(In thousands)
Deferred revenue expected to be recognized	$	13,561	$	16,175	$	14,103	$	11,782	$	19,957	$	75,578


	January 1, 2022		October 2, 2021
(In thousands)
Reserve for returns	$	22,648	$	19,266
Short-term operating lease liabilities	11,268		10,724
Product warranty liability	9,666		5,604
Other	3,589		3,950
Total other current liabilities	$	47,171	$	39,544

The following table presents the changes in the Company’s warranty liability the three months ended January 1, 2022, and January 2, 2021:


	January 1, 2022		January 2, 2021
(In thousands)
Warranty liability, beginning of period	$	5,604	$	3,628
Provision for warranties issued during the period	5,359		6,277
Settlements of warranty claims during the period	(1,297)		(3,459)
Warranty liability, end of period	$	9,666	$	6,446