Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details (Tables)

v3.7.0.1
Balance Sheet Details (Tables)
6 Months Ended
Jun. 30, 2017
Balance Sheet Related Disclosures [Abstract]  
Cash, Cash Equivalents and Investments
Cash, cash equivalents, restricted cash and investments consist of the following:
 
June 30, 2017
 
December 31, 2016
 
(in thousands)
Cash and cash equivalents
$
87,568

 
$
81,086

Short-term restricted cash
615

 
614

Long-term restricted cash
1,908

 
1,196

Total cash, cash equivalents and restricted cash
90,091

 
82,896

Short-term investments

 
47,918

Long-term investments

 
5,991

 
$
90,091

 
$
136,805

Inventory
Inventory consists of the following:
 
June 30, 2017
 
December 31, 2016
 
(in thousands)
Work-in-process
$
35,528

 
$
13,947

Finished goods
42,031

 
12,636

 
$
77,559

 
$
26,583

Property and Equipment
Property and equipment consist of the following:
 
Useful Life
(in Years)
 
June 30, 2017
 
December 31, 2016
 
 
 
(in thousands)
Furniture and fixtures
5
 
$
2,266

 
$
1,983

Machinery and equipment
3-5
 
32,027

 
27,028

Masks and production equipment
2
 
10,414

 
9,153

Software
3
 
4,979

 
3,625

Leasehold improvements
1-5
 
12,622

 
11,635

Construction in progress
N/A
 
200

 
39

 
 
 
62,508

 
53,463

Less accumulated depreciation and amortization
 
 
(38,039
)
 
(32,914
)
 
 
 
$
24,469

 
$
20,549

Deferred Revenue and Deferred Profit
Deferred revenue and deferred profit consist of the following:
 
June 30, 2017
 
December 31, 2016
 
(in thousands)
Deferred revenue—rebates
$
161

 
$
464

Deferred revenue—distributor transactions
17,681

 
7,987

Deferred cost of net revenue—distributor transactions
(4,525
)
 
(2,460
)
 
$
13,317

 
$
5,991

Price Protection Liability
ccrued price protection liability consists of the following activity:
 
Six Months Ended June 30,
 
2017
 
2016
 
(in thousands)
Beginning balance
$
15,176

 
$
20,026

Charged as a reduction of revenue
23,445

 
22,759

Reversal of unclaimed rebates
(40
)
 
(1,302
)
Payments
(13,958
)
 
(23,213
)
Ending balance
$
24,623

 
$
18,270

Accrued Expenses
Accrued expenses and other current liabilities consist of the following:
 
June 30, 2017
 
December 31, 2016
 
(in thousands)
Accrued technology license payments
$
5,705

 
$
5,850

Accrued professional fees
2,808

 
1,620

Accrued engineering and production costs
847

 
1,232

Accrued restructuring
4,896

 
536

Accrued royalty
1,095

 
846

Accrued leases - other
1,565

 
1,560

Accrued customer credits
1,154

 
1,207

Income tax liability
14,447

 
235

Other
6,088

 
3,272

 
$
38,605

 
$
16,358