| BALANCE SHEET COMPONENTS |
BALANCE SHEET COMPONENTS Inventories Inventories consisted of the following (in thousands): | | | | | | | | | | June 30, | | 2015 | | 2014 | Finished goods | $ | 39,986 |
| | $ | 49,901 |
| Raw materials | 3,445 |
| | 1,168 |
| Provision for inventory obsolescence | (6,400 | ) | | (4,720 | ) | | $ | 37,031 |
| | $ | 46,349 |
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Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): | | | | | | | | | | June 30, | | 2015 | | 2014 | Vendor deposits, net of reserves of $5,827 and $0, for fiscal 2015 and fiscal 2014, respectively | $ | 19,998 |
| | $ | 8,043 |
| Other current assets | 7,711 |
| | 5,224 |
| | $ | 27,709 |
| | $ | 13,267 |
|
Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): | | | | | | | | | | June 30, | | 2015 | | 2014 | Testing equipment | $ | 4,816 |
| | $ | 3,785 |
| Computer and other equipment | 4,458 |
| | 1,019 |
| Tooling equipment | 4,073 |
| | 2,898 |
| Furniture and fixtures | 1,239 |
| | 973 |
| Leasehold improvements | 4,789 |
| | 3,173 |
| Software | 3,268 |
| | 521 |
| Software in development | 2,700 |
| | — |
| | 25,343 |
| | 12,369 |
| Less: Accumulated depreciation | (9,741 | ) | | (5,109 | ) | | $ | 15,602 |
| | $ | 7,260 |
|
Depreciation expense was $4.7 million, $2.6 million and $1.8 million in fiscal 2015, 2014 and 2013, respectively.
Other Current Liabilities Accrued liabilities consisted of the following (in thousands): | | | | | | | | | | June 30, | | 2015 | | 2014 | Accrued compensation and benefits | $ | 2,142 |
| | $ | 3,432 |
| Warranty accrual | 2,750 |
| | 2,850 |
| Deferred revenue - short term | 2,538 |
| | 4,218 |
| Customer deposits | 63 |
| | 1,835 |
| Reserve for sales returns | 1,227 |
| | — |
| Other accruals | 6,450 |
| | 3,548 |
| | $ | 15,170 |
| | $ | 15,883 |
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