Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Components

v2.3.0.15
Balance Sheet Components
3 Months Ended
Sep. 30, 2011
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components
BALANCE SHEET COMPONENTS
(In thousands)
As of
September 30, 2011
 
As of
June 30, 2011
Accounts receivable, net:
 
 
 
Accounts receivable, gross
$
484,028

 
$
605,376

Allowance for doubtful accounts
(22,388
)
 
(22,106
)
 
$
461,640

 
$
583,270

Inventories, net:
 
 
 
Customer service parts
$
155,425

 
$
148,466

Raw materials
230,855

 
235,605

Work-in-process
158,834

 
131,804

Finished goods
67,489

 
59,855

 
$
612,603

 
$
575,730

Other current assets:
 
 
 
Prepaid expenses
$
52,601

 
$
61,796

Income tax related receivables
58,866

 
59,774

Other current assets
20,686

 
25,508

 
$
132,153

 
$
147,078

Land, property and equipment, net:
 
 
 
Land
$
41,872

 
$
41,956

Buildings and leasehold improvements
234,512

 
234,173

Machinery and equipment
457,103

 
447,772

Office furniture and fixtures
20,527

 
19,645

Construction in process
8,689

 
6,979

 
762,703

 
750,525

Less: accumulated depreciation and amortization
(498,424
)
 
(493,167
)
 
$
264,279

 
$
257,358

Other non-current assets:
 
 
 
Executive Deferred Savings Plan(1)
$
115,890

 
$
128,033

Deferred tax assets – long-term
156,619

 
173,788

Other
25,690

 
26,274

 
$
298,199

 
$
328,095

Other current liabilities:
 
 
 
Warranty
$
43,603

 
$
41,528

Executive Deferred Savings Plan(1)
115,467

 
128,088

Compensation and benefits
123,802

 
186,761

Income taxes payable
12,313

 
16,364

Interest payable
21,706

 
8,769

Accrued litigation costs
2,600

 
4,824

Other accrued expenses
116,720

 
112,980

 
$
436,211

 
$
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 September 30, 2011, 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.