Company: ALGN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001097149-25-000064
Chunk: 134

Company: ALIGN TECHNOLOGY INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 134
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 Won₩2,000,0001,361 Total notional contract amount$458,347 

13 

Note 3. Balance Sheet Components 

Inventories consist of the following (in thousands): June 30,2025December 31,2024Raw materials$116,409 $124,377 Work in process69,417 73,660 Finished goods57,924 56,250 Total inventories$243,750 $254,287 Prepaid expenses and other current assets consist of the following (in thousands):June 30,2025December 31,2024Value added tax receivables $36,710 $34,028 Prepaid expenses93,157 82,978 Other current assets57,074 81,576 Total prepaid expenses and other current assets$186,941 $198,582 Accrued liabilities consist of the following (in thousands): June 30,2025December 31,2024Accrued payroll and benefits$224,346 $248,003 Accrued expenses71,647 66,391 Accrued income taxes30,191 48,808 Accrued sales and marketing expenses36,051 37,617 Current operating lease liabilities32,546 31,063 Accrued property, plant and equipment8,232 13,462 Other accrued liabilities160,046 152,844 Total accrued liabilities$563,059 $598,188 Accrued warranty, which is included in the “Other accrued liabilities” category of the Total accrued liabilities table above, consists of the following activity (in thousands):Six Months EndedJune 30, 20252024Balance at beginning of period$31,211 $22,426 Charged to cost of net revenues12,688 10,959 Actual warranty expenditures(6,251)(6,523)Balance at end of period$37,648 $26,862 Deferred revenues consist of the following (in thousands):June 30,2025December 31,2024Deferred revenues - current$1,317,990 $1,331,146 Deferred revenues - long-term 1$88,454 $102,164 1 Included in Other long-term liabilities within our Condensed Consolidated Balance Sheets.During the three months ended June 30, 2025 and 2024, we recognized $1