| Balance Sheet Components |
Balance Sheet Components
|
|
|
|
|
|
|
|
|
(In thousands) |
As of
September 30, 2014 |
|
As of
June 30, 2014 |
Accounts receivable, net: |
|
|
|
Accounts receivable, gross |
$ |
465,866 |
|
|
$ |
514,690 |
|
Allowance for doubtful accounts |
(21,818 |
) |
|
(21,827 |
) |
|
$ |
444,048 |
|
|
$ |
492,863 |
|
Inventories: |
|
|
|
Customer service parts |
$ |
216,796 |
|
|
$ |
203,194 |
|
Raw materials |
218,959 |
|
|
221,612 |
|
Work-in-process |
179,806 |
|
|
171,249 |
|
Finished goods |
60,680 |
|
|
60,402 |
|
|
$ |
676,241 |
|
|
$ |
656,457 |
|
Other current assets: |
|
|
|
Prepaid expenses |
$ |
37,877 |
|
|
$ |
35,478 |
|
Income tax related receivables |
24,848 |
|
|
27,452 |
|
Other current assets |
10,325 |
|
|
6,267 |
|
|
$ |
73,050 |
|
|
$ |
69,197 |
|
Land, property and equipment, net: |
|
|
|
Land |
$ |
41,840 |
|
|
$ |
41,848 |
|
Buildings and leasehold improvements |
310,854 |
|
|
302,537 |
|
Machinery and equipment |
494,960 |
|
|
491,167 |
|
Office furniture and fixtures |
21,136 |
|
|
20,945 |
|
Construction-in-process |
3,308 |
|
|
8,945 |
|
|
872,098 |
|
|
865,442 |
|
Less: accumulated depreciation and amortization |
(542,139 |
) |
|
(535,179 |
) |
|
$ |
329,959 |
|
|
$ |
330,263 |
|
Other non-current assets: |
|
|
|
Executive Deferred Savings Plan(1)
|
$ |
161,287 |
|
|
$ |
159,996 |
|
Deferred tax assets – long-term |
66,663 |
|
|
75,138 |
|
Other non-current assets |
16,187 |
|
|
23,385 |
|
|
$ |
244,137 |
|
|
$ |
258,519 |
|
Other current liabilities: |
|
|
|
Warranty |
$ |
33,059 |
|
|
$ |
37,746 |
|
Executive Deferred Savings Plan(1)
|
162,224 |
|
|
160,527 |
|
Compensation and benefits |
163,808 |
|
|
203,990 |
|
Income taxes payable |
15,593 |
|
|
15,283 |
|
Interest payable |
21,706 |
|
|
8,769 |
|
Other accrued expenses |
157,325 |
|
|
158,775 |
|
|
$ |
553,715 |
|
|
$ |
585,090 |
|
Other non-current liabilities: |
|
|
|
Pension liabilities |
$ |
57,353 |
|
|
$ |
59,908 |
|
Income taxes payable |
61,721 |
|
|
59,575 |
|
Other non-current liabilities |
43,884 |
|
|
48,805 |
|
|
$ |
162,958 |
|
|
$ |
168,288 |
|
________________
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|
(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 following a participant’s retirement or termination of employment or on a specified date allowed per the plan provisions, 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, 2014, 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 the Condensed Consolidated Balance Sheet. The plan assets are classified as trading securities.
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