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Balance Sheet Components
 3 Months Ended
Sep. 30, 2020
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components Balance Sheet Components
    The following tables provide details of the selected balance sheet items (in thousands):

Inventories:
September 30, 2020June 30, 2020
Finished goods$553,950 $656,817 
Work in process68,322 38,146 
Purchased parts and raw materials151,584 156,535 
Total inventories$773,856 $851,498 
    
The Company recorded a (recovery) provision for excess and obsolete inventory to cost of sales totaling $(0.8) million and $10.1 million in the three months ended September 30, 2020 and 2019, respectively. These amounts exclude a provision (recovery) for adjusting the cost of certain inventories to net realizable value of $0.9 million and $(1.8) million for the three months ended September 30, 2020 and 2019, respectively. The recovery is recognized when previously reserved inventories are sold.
Prepaid Expenses and Other Current Assets:
 September 30, 2020June 30, 2020
Other receivables (1)$40,417 $94,859 
Prepaid income tax13,846 14,323 
Prepaid expenses5,832 7,075 
Deferred service costs4,431 4,161 
Restricted cash250 250 
Others17,955 6,317 
Total prepaid expenses and other current assets$82,731 $126,985 
__________________________
(1) Includes other receivables from contract manufacturers based on certain buy-sell arrangements of $33.6 million and $83.8 million as of September 30, 2020 and June 30, 2020, respectively.

Cash, cash equivalents and restricted cash:
 September 30, 2020June 30, 2020
Cash and cash equivalents$300,089 $210,533 
Restricted cash included in prepaid expenses and other current assets250 250 
Restricted cash included in other assets1,613 1,607 
Total cash, cash equivalents and restricted cash$301,952 $212,390 

Property, Plant, and Equipment:
 September 30, 2020June 30, 2020
Buildings$86,930 $86,930 
Land75,264 75,251 
Machinery and equipment87,876 85,381 
Buildings construction in progress (1)54,555 46,311 
Building and leasehold improvements24,886 24,517 
Software22,616 20,597 
Furniture and fixtures21,769 21,544 
373,896 360,531 
Accumulated depreciation and amortization(132,044)(126,746)
Property, plant and equipment, net$241,852 $233,785 
__________________________
(1) Primarily relates to the development and construction costs associated with the Company’s Green Computing Park located in San Jose, California, and new building in Taiwan.
Other Assets:
 September 30, 2020June 30, 2020
Operating lease right-of-use asset$24,075 $23,784 
Deferred service costs, non-current4,828 4,632 
Restricted cash, non-current1,613 1,607 
Investment in auction rate security1,571 1,571 
Deposits1,252 1,201 
Non-marketable equity securities128 128 
Prepaid expense, non-current1,706 1,576 
Total other assets$35,173 $34,499 

Accrued Liabilities:    
September 30, 2020June 30, 2020
Accrued payroll and related expenses$34,059 $33,577 
Contract manufacturing liabilities20,366 36,249 
Accrued warranty costs11,057 9,984 
Customer deposits10,306 9,942 
Operating lease liability7,027 6,310 
Accrued cooperative marketing expenses5,818 5,925 
Accrued professional fees2,630 5,661 
Accrued legal liabilities (Note 11)— 18,114 
Others (accrued liabilities)30,447 29,639 
Total accrued liabilities$121,710 $155,401 

Performance Awards Liability

    In March 2020, the Board of Directors (the “Board”) approved performance bonuses for the Chief Executive Officer, a senior executive and two members of the Board, which payments will be earned when specified market and performance conditions are achieved.

The Chief Executive Officer’s aggregate cash bonuses of up to $8.1 million are earned in two tranches. The first 50% is payable if the average closing price for the Company’s common stock equals or exceeds $31.61 for any period of 20 consecutive trading days following the date of the agreement and ending prior to September 30, 2021 and the Chief Executive Officer remains employed with the Company through the date that such common stock price goal is determined to have been achieved and the date that the payment is made. This payment can be reduced at the discretion of the Board to the extent the Company has not made adequate progress in remediating its material weaknesses in its internal control over financial reporting as determined by the Board. The second 50% is payable if the average closing price for the Company’s common stock equals or exceeds $32.99 for any period of 20 consecutive trading days following the date of the agreement and ending prior to June 30, 2022 and the Chief Executive Officer remains employed with the Company through the date that such common stock price goal is achieved and the date that the payment is made.

Performance bonuses for a senior executive and two members of the Board are earned based on achieving a specified target average closing price for the Company’s common stock over the specified period as determined by the Board at the grant dates and continuous services through the payment dates. A senior executive earned an aggregate cash payment of $0.1 million when the target average closing price was met in the fourth quarter of fiscal year 2020. The two members of the Board can earn aggregate cash payments of $0.3 million in two tranches if the target average closing price reaches $31.61 for the first tranche
and $32.99 per share for the second tranche. These awards expire in two equal amounts at September 30, 2021 and June 30, 2022 for the two Board members' awards.

The Company accounts for the outstanding performance bonuses as liabilities and estimates fair value of payable amounts using a Monte-Carlo simulation model. The awards are re-measured at each period end with changes in fair value recorded in the Company’s consolidated statement of operations in operating expenses. The cumulative recorded expense at each period end is trued-up to the expected payable amount vested through the period end. The requisite service periods over which expenses are recognized are derived from the Monte-Carlo model for all performance awards, except for the first 50% of the Chief Executive Officer’s award that includes a performance condition. The Company estimates if it is probable that the performance condition will be met through the expiration date of this award. If at the measurement date it is determined to be probable, the Company estimates the requisite period as the longer of the service period derived by the Monte-Carlo model and the implicit service period when the Company expects to make adequate progress in remediating its material weaknesses in its internal control over financial reporting, as reported by the Company's Audit Committee. If it is determined to not be probable, then the Company will reverse any previously recognized expense for this award in the period when it is no longer probable that the performance condition will be achieved.

As of September 30, 2020 and June 30, 2020, the fair value of these performance bonuses was $2.2 million and $2.1 million, respectively, of which $2.2 million and $1.5 million, respectively, was recorded within accrued liabilities and $0.0 million and $0.6 million, respectively, was recorded within other long-term liabilities on the Company's consolidated balance sheet. An unrecognized compensation expense of $2.3 million will be recorded over the remaining service periods from 0.26 years to 0.93 years. The fair value of these awards is remeasured each reporting period. The expense recognized during the three months ended September 30, 2020 and September 30, 2019 was $0.1 million and $0.0 million respectively.
Other Long-term Liabilities:
September 30, 2020June 30, 2020
Operating lease liability, non-current$17,892 $18,102 
Accrued unrecognized tax benefits including related interest and penalties16,067 15,496 
Accrued warranty costs, non-current2,670 2,395 
Others8,078 6,002 
Total other long-term liabilities$44,707 $41,995 

Product Warranties:
Three Months Ended
September 30,
 20202019
Balance, beginning of the period$12,379 $11,034 
Provision for warranty8,347 5,872 
Costs utilized(7,607)(7,662)
Change in estimated liability for pre-existing warranties608 2,041 
Balance, end of the period13,727 11,285 
Current portion11,057 8,655 
Non-current portion$2,670 $2,630