Accrued expenses at June 30, 2025 and June 30, 2024 consist of the following (in thousands): | | | | | | | | | | | | | 2025 | | 2024 | Product warranties | $ | 37,230 | | | $ | 35,134 | | Consulting and professional fees | 40,297 | | | 27,143 | | Value added taxes and other taxes due | 35,584 | | | 27,016 | | Employee related costs | 235,450 | | | 223,862 | | Promotional and marketing | 9,391 | | | 6,023 | | Foreign currency hedging instruments | 2,695 | | | 4,654 | | Accrued interest | 8,642 | | | 9,206 | | Logistics and occupancy costs | 13,982 | | | 17,996 | | Inventory in transit | 6,063 | | | 8,045 | | Other | 12,919 | | | 18,599 | | Total accrued expenses | $ | 402,253 | | | $ | 377,678 | |
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