Balance Sheet Components

The following tables provide details of the selected balance sheet items (in thousands):

Inventory:



	December 31, 2014		June 30, 2014
Finished goods	$	304,190	$	246,803
Work in process	43,963		18,794
Purchased parts and raw materials	61,052		50,240
Total inventory	$	409,205	$	315,837

The Company recorded a provision for lower of cost or market and excess and obsolete inventory totaling $2,515,000 and $4,175,000 in the three and six months ended December 31, 2014, respectively, and $1,534,000 and $1,538,000 in the three and six months ended December 31, 2013, respectively.

Property, Plant, and Equipment:



	December 31, 2014			June 30, 2014
Land	$	63,962		$	63,962
Buildings	51,959			51,959
Building and leasehold improvements	7,838			7,683
Buildings construction in progress (1)	8,708			587
Machinery and equipment	38,764			34,342
Furniture and fixtures	6,410			5,892
Purchased software	3,711			3,606
Purchased software construction in progress (2)	4,969			2,548
	186,321			170,579
Accumulated depreciation and amortization	(43,661		)	(39,990		)
Property, plant and equipment, net	$	142,660		$	130,589

(1) In connection with the purchase of the property located in San Jose, California, the Company engaged several contractors for the development and construction of improvements on the property, which is still in progress.

(2) The Company continues its implementation of a new enterprise resource planning, or ERP, system and capitalized the costs of the new ERP software and certain expenses associated directly with the development of the ERP system, which is still in progress.

Other Assets:



	December 31, 2014		June 30, 2014
Prepaid royalty license	$	1,122	$	1,246
Restricted cash	427		450
Investment in a privately held company	1,411		750
Others	443		408
Total other assets	$	3,403	$	2,854

Restricted cash consists primarily of certificates of deposits pledged as security for one irrevocable letter of credit required in connection with a warehouse lease in Fremont, California and bank guarantees in connection with office leases in the Netherlands. In December 2014, the Company made an investment in a privately held company of $661,000.

Accrued Liabilities:



	December 31, 2014		June 30, 2014
Accrued payroll and related expenses	$	15,858	$	11,624
Customer deposits	5,454		4,185
Accrued warranty costs	6,960		7,083
Accrued cooperative marketing expenses	5,024		4,387
Others	9,633		10,285
Total accrued liabilities	$	42,929	$	37,564

Product Warranties:



	Three Months Ended December 31,						Six Months Ended December 31,
	2014			2013			2014			2013
Balance, beginning of period	$	7,077		$	6,600		$	7,083		$	6,472
Provision for warranty	3,304			3,507			6,960			6,941
Costs charged to accrual	(3,305		)	(3,313		)	(6,770		)	(6,664		)
Change in estimated liability for pre-existing warranties	(116		)	28			(313		)	73
Balance, end of period	$	6,960		$	6,822		$	6,960		$	6,822