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DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS
 12 Months Ended
Mar. 28, 2020
Balance Sheet Related Disclosures [Abstract]  
Details of Certain Balance Sheet Accounts
DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS

Accounts receivable, net:
(in thousands)
 
March 28, 2020
 
March 30, 2019
Accounts receivable
 
$
350,642

 
$
393,416

Provisions for promotions and rebates
 
(101,666
)
1 
(50,789
)
Provisions for doubtful accounts and sales allowances
 
(2,141
)
 
(4,956
)
Accounts receivable, net
 
$
246,835

 
$
337,671


(1) In the third quarter of fiscal year 2020, certain provisions for promotions, rebates and other were reclassified to contra-assets within Accounts Receivable, net due to changes to distribution contracts, which resulted in the incorporation of the "right-of offset" into the Company's standard contract template.

Inventory, net:
(in thousands)
 
March 28, 2020
 
March 30, 2019
Raw materials
 
$
97,371

 
$
34,054

Work in process
 
459

 
274

Finished goods
 
66,697

 
142,818

Inventory, net
 
$
164,527

 
$
177,146



Property, plant, and equipment, net:
(in thousands)
 
March 28, 2020
 
March 30, 2019
Land
 
$
15,112

 
$
16,418

Buildings and improvements (useful life: 7-30 years)
 
132,153

 
138,000

Machinery and equipment (useful life: 2-10 years)
 
170,756

 
158,326

Software (useful life: 5-6 years)
 
60,552

 
68,985

Construction in progress
 
6,934

 
13,100

Property, plant, and equipment, gross
 
385,507

 
394,829

Accumulated depreciation and amortization
 
(219,649
)
 
(190,003
)
Property, plant, and equipment, net
 
$
165,858

 
$
204,826



Depreciation and amortization expense for Fiscal Years 2020, 2019, and 2018 was $46.1 million, $40.6 million, and $21.1 million, respectively.

Included in software are unamortized capitalized software costs relating to both purchased and internally developed software of $19.1 million and $30.6 million at March 28, 2020 and March 30, 2019, respectively.  Amortization expense related to capitalized software costs in Fiscal Years 2020, 2019, and 2018 was $10.1 million, $11.0 million, and $4.9 million, respectively.
 
Included in construction in progress at March 28, 2020 was machinery and equipment, tooling for new products, building improvements, and IT-related expenditures. None of the items were individually material.

Accrued Liabilities:
(in thousands)
 
March 28, 2020
 
March 30, 2019
Short term deferred revenue
 
$
144,040

 
$
133,200

Employee compensation and benefits
 
48,153

 
68,882

Operating lease liabilities, current
 
22,517

 
—

Income tax payable
 
20,725

 
5,692

Provision for returns
 
20,146

 
24,632

Accrued interest
 
14,617

 
10,425

Derivative liabilities
 
12,840

 
3,275

Warranty obligation
 
12,772

 
15,736

Marketing incentives liabilities
 
9,708

 
25,369

VAT/Sales tax payable
 
9,673

 
11,804

Discounts reserve
 
—

1 
46,894

Accrued other
 
58,475

 
52,806

Accrued liabilities
 
$
373,666

 
$
398,715

(1) In the third quarter of fiscal year 2020, certain provisions for promotions, rebates and other were reclassified to contra-assets within Accounts Receivable, net due to changes to distribution contracts, which resulted in the incorporation of the "right-of offset" into the Company's standard contract template.

Changes in the warranty obligation, which are included as a component of accrued liabilities in the consolidated balance sheets, are as follows:
(in thousands)
 
March 28, 2020
 
March 30, 2019
Warranty obligation at beginning of year
 
$
17,984

 
$
9,604

Polycom warranty obligation (1)
 
—

 
9,095

Warranty provision related to products shipped
 
18,736

 
19,884

Deductions for warranty claims processed
 
(21,333
)
 
(20,638
)
Adjustments related to preexisting warranties
 
(126
)
 
39

Warranty obligation at end of year (2)
 
$
15,261

 
$
17,984


(1) Represents warranty obligation assumed upon completion of the Acquisition on July 2, 2018. 
(2) Includes both short-term and long-term portion of warranty obligation; the prior table shows only the short-term portion included in accrued liabilities on the Company's consolidated balance sheet. The long-term portion is included in other long-term liabilities.

Operating Leases:

 
 
Balance Sheet
 
 
 
 
(in thousands)
 
Classification
 
March 28, 2020

 
March 30, 2019

ASSETS
 
 
 
 
 
 
Operating right-of-use assets(1)
 
Other assets
 
$
44,226

 
$
—

LIABILITIES
 
 
 
 
 
 
Operating lease liabilities, current(2)
 
Accrued liabilities
 
$
22,517

 
$
—

Operating lease liabilities, long-term
 
Other liabilities
 
$
35,144

 
$
—

(1) During Fiscal Year 2020, the Company made $24.2 million in payments for operating leases included within cash provided by operating activities in its consolidated statements of cash flows.
(2) During Fiscal Year 2020, the Company recognized $17.7 million in operating lease expense, net of $5.6 million in sublease income within its consolidated statement of operations.