XML 46 R27.htm IDEA: XBRL DOCUMENT v3.20.2
DETAILS OF CERTAIN BALANCE SHEET ACCOUNTS (Tables)
 3 Months Ended
Jun. 27, 2020
Balance Sheet Related Disclosures [Abstract]  
Accounts receivable, net

Accounts receivable, net:
(in thousands)
 
June 27, 2020
 
March 28, 2020
Accounts receivable
 
$
297,260

 
$
350,642

Provisions for promotions, rebates, and other
 
(86,308
)
 
(101,666
)
Provisions for doubtful accounts and sales allowances
 
(2,264
)
 
(2,141
)
Accounts receivable, net
 
$
208,688

 
$
246,835
Inventory, net
Inventory, net:
(in thousands)
 
June 27, 2020
 
March 28, 2020
Raw materials
 
$
92,764

 
$
97,371

Work in process
 
265

 
459

Finished goods
 
84,604

 
66,697

Inventory, net
 
$
177,633

 
$
164,527
Accrued liabilities Accrued Liabilities:
(in thousands)
 
June 27, 2020
 
March 28, 2020
Short term deferred revenue
 
$
141,722

 
$
144,040

Employee compensation and benefits
 
53,933

 
48,153

Estimated losses - legal and other
 
26,310

 
9,290

Operating lease liabilities, current
 
22,666

 
22,517

Provision for returns
 
20,749

 
20,146

Income tax payable
 
20,748

 
20,725

Warranty obligation
 
17,394

 
12,772

Derivative liabilities
 
12,834

 
12,840

VAT/Sales tax payable
 
10,442

 
9,673

Accrued interest
 
8,062

 
14,617

Marketing incentives liabilities
 
6,309

 
9,708

Accrued other
 
55,576

 
49,185

Accrued liabilities
 
$
396,745

 
$
373,666
Changes in the warranty obligation Changes in the warranty obligation during the three months ended June 27, 2020 and June 29, 2019 were as follows:
 
 
Three Months Ended
(in thousands)
 
June 27, 2020
 
June 29, 2019
Warranty obligation at beginning of period
 
$
15,261

 
$
17,984

Warranty provision related to products shipped
 
9,428

 
4,837

Deductions for warranty claims processed
 
(4,269
)
 
(5,001
)
Adjustments related to preexisting warranties
 
(533
)
 
(1,036
)
Warranty obligation at end of period(1)
 
$
19,887

 
$
16,784


(1) 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 condensed consolidated balance sheet. The long-term portion is included in other long-term liabilities.