The following provides a summary of cash, cash equivalents, and restricted cash reported within the unaudited condensed consolidated balance sheets that reconciles to the corresponding amount in the unaudited condensed consolidated statement of cash flows:


(In thousands)	December 26, 2025		June 27, 2025
Cash and cash equivalents	$	86,466	$	59,690

Restricted cash included in long-term other assets	2,202		2,323
Total cash, cash equivalents, and restricted cash	$	88,668	$	62,013


(In thousands)	December 26, 2025		June 27, 2025
Finished products	$	44,285	$	55,972
Raw materials and supplies	31,171		26,273
Customer service inventories	1,181		1,734
Total inventories	$	76,637	$	83,979
Consigned inventories included within raw materials and supplies	$	21,624	$	21,047

The Company records charges to adjust inventories due to excess and obsolete inventory resulting from lower sales forecasts, product transitioning or discontinuance. The charges incurred during the three and six months ended December 26, 2025 and December 27, 2024 were included in cost of product sales as follows:


	Three Months Ended				Six Months Ended
(In thousands)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Excess and obsolete inventory	$	423	$	303	$	485	$	613
Customer service inventory write-downs	77		272		90		463
Total charges	$	500	$	575	$	575	$	1,076


(In thousands)	December 26, 2025		June 27, 2025
Prepaid and other current assets	$	13,822	$	14,423
Taxes	10,289		10,128
Contract manufacturing assets	12,905		9,164

Total other current assets	$	37,016	$	33,715


(In thousands)	December 26, 2025		June 27, 2025

Buildings and leasehold improvements	$	2,086	$	2,086
Software and equipment	81,083		77,566
Total property, plant and equipment, gross	83,169		79,652
Less: accumulated depreciation	(64,095)		(62,199)
Total property, plant and equipment, net	$	19,074	$	17,453

Included in the total property, plant and equipment, gross were $12.3 million and $10.3 million of assets in progress which have not been placed in service as of December 26, 2025 and June 27, 2025, respectively.

Depreciation expense related to property, plant and equipment, was $0.9 million and 1.5 million for the three months ended December 26, 2025 and December 27, 2024, respectively. Depreciation expense related to property, plant and equipment, was $1.4 million and $2.8 million for the six months ended December 26, 2025 and December 27, 2024, respectively.


(In thousands)	December 26, 2025		June 27, 2025
Taxes	$	8,850	$	12,467
Compensation and benefits	10,746		9,929
Project costs	356		4,573

Warranties	3,283		3,352
Professional fees	913		1,412
Commissions	1,577		1,311
Other	5,835		5,853
Total accrued expenses	$	31,560	$	38,897

The Company accrues for the estimated cost to repair or replace products under warranty. Changes in the warranty liability were as follows:


	Three Months Ended				Six Months Ended
(In thousands)	December 26, 2025		December 27, 2024		December 26, 2025		December 27, 2024
Balance as of the beginning of the period	$	3,542	$	3,510	$	3,352	$	2,996
Warranty provision recorded during the period	86		714		855		1,258
Assumed in acquisition	—		—		—		406
Consumption during the period	(345)		(298)		(924)		(734)
Balance as of the end of the period	$	3,283	$	3,926	$	3,283	$	3,926


(In thousands)	December 26, 2025		June 27, 2025
Advance payments	$	17,861	$	11,812
Unearned revenue	66,591		61,923
Total advance payments and unearned revenue	$	84,452	$	73,735

Excluded from the balances above are $8.6 million and $8.1 million in long-term unearned revenue as of December 26, 2025 and June 27, 2025, respectively.