MaxLinear, Inc. Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

9 Months Ended

Sep. 30, 2012

4. Balance Sheet Details

Inventory consists of the following:

Property and equipment consist of the following:


	Useful Life (in Years)	September 30, 2012			December 31, 2011
Furniture and fixtures	5	$	345		$	305
Machinery and equipment	3 -5		8,200			6,875
Masks and production equipment	2		3,950			3,249
Software	3		688			558
Leasehold improvements	4 -5		544			489
Construction in progress	N/A		332			6

			14,059			11,482
Less accumulated depreciation and amortization			(7,785	)		(5,988	)

		$	6,274		$	5,494

Intangible assets consist of the following:


	Weighted Average Amortization Period (in Years)		September 30, 2012			December 31, 2011
Licensed technology		3	$	1,865		$	1,865
Less accumulated amortization				(1,404	)		(844	)

			$	461		$	1,021

The following table presents future amortization of the Company’s intangible assets at September 30, 2012:

Deferred revenue and deferred profit consist of the following:


	September 30, 2012			December 31, 2011
Deferred revenue—rebates	$	140		$	190
Deferred revenue—distributor transactions		3,655			5,606
Deferred cost of net revenue—distributor transactions		(1,454	)		(1,767	)

	$	2,341		$	4,029

Accrued expenses consist of the following:


	September 30, 2012		December 31, 2011
Accrued technology license payments	$	2,988	$	2,794
Accrued professional fees		589		203
Accrued price protection liability		7,951		2,856
Accrued export compliance costs		255		750
Other		1,048		800

	$	12,831	$	7,403

Other long-term liabilities consist of the following:


	September 30, 2012		December 31, 2011
Accrued technology license payments	$	—	$	371
Deferred rent		227		248
Other		456		236

	$	683	$	855