| ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consist of the following (in thousands):
| | | | | | | | | | | | | | | | | | | | March 31, 2026 | | June 30, 2026 | | | | | | | | | | | | | | | | | Accrued warranty | | | $ | 959 | | | $ | 924 | | | | Accrued compensation | | | 22,890 | | | 24,654 | | | | Government authorities | | | 10,533 | | | 10,573 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other current liabilities | | | 3,317 | | | 3,819 | | | | | | $ | 37,699 | | | $ | 39,970 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
The following table summarizes warranty activity for the three months ended June 30, 2025 and 2026 (in thousands):
| | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | | | 2025 | | 2026 | | | | | | | | | | Accrued warranty reserve, beginning of year | | | $ | 3,618 | | | $ | 2,202 | | | | Accrual for product warranties issued | | | 97 | | | 225 | | | | | | | | | | | Product replacements and other warranty expenditures | | | (229) | | | (334) | | | Expiration of warranties | | | (45) | | | — | | | | Foreign currency translation difference | | | 66 | | | 30 | | | Accrued warranty reserve, end of period (1) | | | $ | 3,507 | | | $ | 2,123 | | | | | | | | | | | | | | | | | | | | | | | | (1) Includes non-current accrued warranty included in other long-term liabilities at June 30, 2025 and 2026 of $2,134 and $1,199, respectively. | |
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