Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Components (Tables)

v2.4.0.6
Balance Sheet Components (Tables)
9 Months Ended
Mar. 31, 2012
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components
(In thousands)
As of March 31, 2012
 
As of June 30, 2011
Accounts receivable, net:
 
 
 
Accounts receivable, gross
$
660,799

 
$
605,376

Allowance for doubtful accounts
(22,424
)
 
(22,106
)
 
$
638,375

 
$
583,270

Inventories:
 
 
 
Customer service parts
$
195,231

 
$
148,466

Raw materials
220,713

 
235,605

Work-in-process
178,086

 
131,804

Finished goods
56,446

 
59,855

 
$
650,476

 
$
575,730

Other current assets:
 
 
 
Prepaid expenses
$
50,615

 
$
61,796

Income tax related receivables
45,116

 
59,774

Other current assets
29,625

 
25,508

 
$
125,356

 
$
147,078

Land, property and equipment, net:
 
 
 
Land
$
41,433

 
$
41,956

Buildings and leasehold improvements
237,917

 
234,173

Machinery and equipment
444,904

 
447,772

Office furniture and fixtures
19,131

 
19,645

Construction in process
12,174

 
6,979

 
755,559

 
750,525

Less: accumulated depreciation and amortization
(485,388
)
 
(493,167
)
 
$
270,171

 
$
257,358

Other non-current assets:
 
 
 
Executive Deferred Savings Plan(1)
$
130,148

 
$
128,033

Deferred tax assets – long-term
130,849

 
173,788

Other
23,925

 
26,274

 
$
284,922

 
$
328,095

Other current liabilities:
 
 
 
Warranty
$
45,210

 
$
41,528

Executive Deferred Savings Plan(1)
130,047

 
128,088

Compensation and benefits
154,519

 
186,761

Income taxes payable
11,647

 
16,364

Interest payable
21,706

 
8,769

Accrued litigation costs
920

 
4,824

Other accrued expenses
127,884

 
112,980

 
$
491,933

 
$
499,314


________________
(1)
KLA-Tencor has a non-qualified deferred compensation plan whereby certain executives and non-employee directors may defer a portion of their compensation. Participants are credited with returns based on their allocation of their account balances among measurement funds. The Company controls the investment of these funds, and the participants remain general creditors of KLA-Tencor. Distributions from the plan commence the quarter following a participant’s retirement or termination of employment, except in cases where such distributions are required to be delayed in order to avoid a prohibited distribution under Internal Revenue Code Section 409A. As of March 31, 2012, the Company had a deferred compensation plan related asset and liability included as a component of other non-current assets and other current liabilities on its Condensed Consolidated Balance Sheet.