Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details (Tables)

v3.20.2
Balance Sheet Details (Tables)
6 Months Ended
Jun. 30, 2020
Balance Sheet Related Disclosures [Abstract]  
Cash, Cash Equivalents and Investments
Cash, cash equivalents and restricted cash consist of the following:
June 30, 2020 December 31, 2019
(in thousands)
Cash and cash equivalents $ 107,362    $ 92,708   
Short-term restricted cash   349   
Long-term restricted cash 58    60   
Total cash, cash equivalents and restricted cash $ 107,429    $ 93,117   
Inventory
Inventory consists of the following:
June 30, 2020 December 31, 2019
(in thousands)
Work-in-process $ 14,638    $ 14,525   
Finished goods 19,646    16,985   
$ 34,284    $ 31,510   
Property and Equipment
Property and equipment, net consists of the following:
Useful Life
(in Years)
June 30, 2020 December 31, 2019
(in thousands)
Furniture and fixtures 5 $ 2,229    $ 2,199   
Machinery and equipment
3-5
37,357    35,660   
Masks and production equipment
2-5
17,293    15,209   
Software 3 6,132    5,956   
Leasehold improvements
1-5
15,302    16,186   
Construction in progress N/A 1,636    746   
79,949    75,956   
Less: accumulated depreciation and amortization (61,890)   (59,343)  
$ 18,059    $ 16,613   
Price Protection Liability
Accrued price protection liability consists of the following activity:
Six Months Ended June 30,
2020 2019
(in thousands)
Beginning balance $ 12,557    $ 16,454   
Charged as a reduction of revenue 2,191    14,880   
Reversal of unclaimed rebates (159)   (719)  
Payments (8,687)   (19,321)  
Ending balance $ 5,902    $ 11,294   
Accrued Expenses
Accrued expenses and other current liabilities consist of the following:
June 30, 2020 December 31, 2019
(in thousands)
Accrued technology license payments $ 4,500    $ 4,500   
Accrued professional fees 2,472    861   
Accrued engineering and production costs 4,221    4,491   
Accrued restructuring 358    294   
Accrued royalty 696    923   
Short-term lease liabilities 4,772    4,810   
Accrued customer credits 524    832   
Income tax liability 105    65   
Customer contract liabilities 14    107   
Accrued obligations to customers for price adjustments 8,045    8,382   
Accrued obligations to customers for stock rotation rights 1,062    1,410   
Other 4,916    4,496   
$ 31,685    $ 31,171   
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table summarizes the change in balances of accumulated other comprehensive income (loss) by component:
Cumulative Translation Adjustments Interest Rate Hedge Total
(in thousands)
Balance at December 31, 2019 $ (747)   $ (140)   $ (887)  
Current period other comprehensive income (loss) (286)   (37)   (323)  
Balance at June 30, 2020 $ (1,033)   $ (177)   $ (1,210)