| Condensed Balance Sheet |
Consolidated Balance Sheets
|
|
|
|
|
|
|
|
|
|
As of June 30, |
(In thousands) |
2017 |
|
2016 |
Accounts receivable, net: |
|
|
|
Accounts receivable, gross |
$ |
592,753 |
|
|
$ |
634,905 |
|
Allowance for doubtful accounts |
(21,636 |
) |
|
(21,672 |
) |
|
$ |
571,117 |
|
|
$ |
613,233 |
|
Inventories: |
|
|
|
Customer service parts |
$ |
245,172 |
|
|
$ |
234,712 |
|
Raw materials |
240,389 |
|
|
208,689 |
|
Work-in-process |
193,026 |
|
|
187,733 |
|
Finished goods |
54,401 |
|
|
67,501 |
|
|
$ |
732,988 |
|
|
$ |
698,635 |
|
Other current assets: |
|
|
|
Prepaid expenses |
$ |
36,146 |
|
|
$ |
37,127 |
|
Income tax related receivables |
22,071 |
|
|
18,190 |
|
Other current assets |
13,004 |
|
|
9,553 |
|
|
$ |
71,221 |
|
|
$ |
64,870 |
|
Land, property and equipment, net: |
|
|
|
Land |
$ |
40,617 |
|
|
$ |
40,603 |
|
Buildings and leasehold improvements |
319,306 |
|
|
313,239 |
|
Machinery and equipment |
551,277 |
|
|
507,378 |
|
Office furniture and fixtures |
21,328 |
|
|
21,737 |
|
Construction-in-process |
4,597 |
|
|
5,286 |
|
|
937,125 |
|
|
888,243 |
|
Less: accumulated depreciation and amortization |
(653,150 |
) |
|
(610,229 |
) |
|
$ |
283,975 |
|
|
$ |
278,014 |
|
Other non-current assets: |
|
|
|
Executive Deferred Savings Plan |
$ |
182,150 |
|
|
$ |
162,160 |
|
Other non-current assets |
13,526 |
|
|
12,499 |
|
|
$ |
195,676 |
|
|
$ |
174,659 |
|
Other current liabilities: |
|
|
|
Executive Deferred Savings Plan |
$ |
183,603 |
|
|
$ |
162,289 |
|
Compensation and benefits |
172,707 |
|
|
224,496 |
|
Customer credits and advances |
95,188 |
|
|
81,994 |
|
Interest payable |
19,396 |
|
|
19,395 |
|
Warranty |
45,458 |
|
|
34,773 |
|
Income taxes payable |
17,040 |
|
|
27,964 |
|
Other accrued expenses |
116,039 |
|
|
111,297 |
|
|
$ |
649,431 |
|
|
$ |
662,208 |
|
Other non-current liabilities: |
|
|
|
Pension liabilities |
$ |
72,801 |
|
|
$ |
69,418 |
|
Income taxes payable |
68,439 |
|
|
50,365 |
|
Other non-current liabilities |
31,167 |
|
|
36,840 |
|
|
$ |
172,407 |
|
|
$ |
156,623 |
|
|
| Schedule of Accumulated Other Comprehensive Income (Loss) |
The components of accumulated other comprehensive income (loss) (“OCI”) as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
Currency Translation Adjustments |
|
Unrealized Gains (Losses) on Available-for-Sale Securities |
|
Unrealized Gains (Losses) on Cash Flow Hedges |
|
Unrealized Gains (Losses) on Defined Benefit Plans |
|
Total |
Balance as of June 30, 2017 |
$ |
(30,654 |
) |
|
$ |
(3,869 |
) |
|
$ |
5,221 |
|
|
$ |
(22,021 |
) |
|
$ |
(51,323 |
) |
|
|
|
|
|
|
|
|
|
|
Balance as of June 30, 2016 |
$ |
(32,424 |
) |
|
$ |
3,451 |
|
|
$ |
775 |
|
|
$ |
(20,487 |
) |
|
$ |
(48,685 |
) |
|
|
|
|
|
|
|
|
|
|
|
| Consolidated Statements of Operations |
Consolidated Statements of Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year ended June 30, |
(In thousands) |
2017 |
|
2016 |
|
2015 |
Other expense (income), net: |
|
|
|
|
|
Interest income |
$ |
(23,270 |
) |
|
$ |
(14,507 |
) |
|
$ |
(12,545 |
) |
Foreign exchange losses, net |
641 |
|
|
1,235 |
|
|
1,764 |
|
Net realized gains on sale of investments |
(191 |
) |
|
(311 |
) |
|
(2,119 |
) |
Other |
3,359 |
|
|
(7,051 |
) |
|
2,431 |
|
|
$ |
(19,461 |
) |
|
$ |
(20,634 |
) |
|
$ |
(10,469 |
) |
|