Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

v2.4.0.8
Balance Sheet Details
6 Months Ended
Jun. 30, 2013
Supplemental Balance Sheet Disclosures [Abstract]  
Balance Sheet Details
4. Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
 
June 30,
2013
 
December 31,
2012
Cash and cash equivalents
$
24,718

 
$
21,810

Short-term investments
37,084

 
50,265

Long-term investments
19,453

 
5,181

 
$
81,255

 
$
77,256


Inventory consists of the following:
 
June 30,
2013
 
December 31,
2012
Work-in-process
$
3,336

 
$
3,233

Finished goods
6,019

 
6,658

 
$
9,355

 
$
9,891


Property and equipment consist of the following:
 
Useful Life
(in Years)
 
June 30,
2013
 
December 31,
2012
Furniture and fixtures
5
 
$
367

 
$
355

Machinery and equipment
3 -5
 
8,897

 
8,331

Masks and production equipment (1)
2
 
4,755

 
4,894

Software
3
 
704

 
736

Leasehold improvements
4 -5
 
850

 
829

Construction in progress
N/A
 

 
20

 
 
 
15,573

 
15,165

Less accumulated depreciation and amortization
 
 
(9,424
)
 
(8,299
)
 
 
 
$
6,149

 
$
6,866

(1) In the three months ended June 30, 2013, the Company recorded an impairment charge of $1.1 million, reflected in cost of net revenue, related to the remaining net book value of production masks that were previously capitalized, but for which future use is no longer expected.
Intangible assets consist of the following:
 
Weighted
Average
Amortization
Period
(in Years)
 
June 30,
2013
 
December 31,
2012
Licensed technology
3
 
$
2,821

 
$
1,865

Less accumulated amortization
 
 
(1,863
)
 
(1,590
)
 
 
 
$
958

 
$
275


The following table presents future amortization of the Company’s intangible assets at June 30, 2013:
 
Amortization
2013
$
208

2014
319

2015
319

2016
112

Total
$
958


Deferred revenue and deferred profit consist of the following:
 
June 30,
2013
 
December 31,
2012
Deferred revenue—rebates
$
44

 
$
23

Deferred revenue—distributor transactions
3,986

 
3,735

Deferred cost of net revenue—distributor transactions
(1,434
)
 
(1,469
)
 
$
2,596

 
$
2,289


Accrued price protection liability consists of the following activity:
 
Six Months Ended
June 30,
 
2013
 
2012
Beginning balance
$
7,880

 
$
2,840

Charged as a reduction of revenue
9,922

 
5,692

Payments
(7,125
)
 
(1,830
)
Ending Balance
$
10,677

 
$
6,702


Accrued expenses and other current liabilities consist of the following:
 
June 30,
2013
 
December 31,
2012
Accrued technology license payments
$
3,000

 
$
2,996

Accrued professional fees
453

 
386

Accrued litigation costs
379

 
586

Other
1,025

 
1,055

 
$
4,857

 
$
5,023