Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Components

v2.4.0.6
Balance Sheet Components
3 Months Ended
Sep. 30, 2012
Balance Sheet Components [Abstract]  
Balance Sheet Components
BALANCE SHEET COMPONENTS
(In thousands)
As of
September 30, 2012
 
As of
June 30, 2012
Accounts receivable, net:
 
 
 
Accounts receivable, gross
$
559,862

 
$
723,607

Allowance for doubtful accounts
(22,402
)
 
(22,327
)
 
$
537,460

 
$
701,280

Inventories:
 
 
 
Customer service parts
$
213,041

 
$
197,013

Raw materials
276,319

 
234,549

Work-in-process
142,197

 
170,254

Finished goods
58,156

 
48,986

 
$
689,713

 
$
650,802

Other current assets:
 
 
 
Prepaid expenses
$
40,068

 
$
53,472

Income tax related receivables
51,422

 
22,943

Other current assets
15,976

 
16,432

 
$
107,466

 
$
92,847

Land, property and equipment, net:
 
 
 
Land
$
41,895

 
$
41,397

Buildings and leasehold improvements
246,379

 
244,807

Machinery and equipment
456,260

 
443,668

Office furniture and fixtures
19,122

 
19,493

Construction in process
19,329

 
11,765

 
782,985

 
761,130

Less: accumulated depreciation and amortization
(494,109
)
 
(483,444
)
 
$
288,876

 
$
277,686

Other non-current assets:
 
 
 
Executive Deferred Savings Plan(1)
$
132,190

 
$
125,354

Deferred tax assets – long-term
107,080

 
128,738

Other
21,444

 
21,135

 
$
260,714

 
$
275,227

Other current liabilities:
 
 
 
Warranty
$
46,192

 
$
46,496

Executive Deferred Savings Plan(1)
132,350

 
125,329

Compensation and benefits
130,196

 
175,007

Income taxes payable
11,679

 
11,251

Interest payable
21,706

 
8,769

Accrued litigation costs
1,120

 
1,080

Other accrued expenses
128,192

 
145,479

 
$
471,435

 
$
513,411


________________
(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, 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 the Condensed Consolidated Balance Sheet.