Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details (Tables)

v3.22.2.2
Balance Sheet Details (Tables)
 9 Months Ended
Sep. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents Cash, cash equivalents and restricted cash consist of the following:
September 30, 2022 December 31, 2021
(in thousands)
Cash and cash equivalents $ 181,496  $ 130,572 
Short-term restricted cash 971  105 
Long-term restricted cash 26  1,061 
Total cash, cash equivalents and restricted cash $ 182,493  $ 131,738 
Restrictions on Cash and Cash Equivalents Cash, cash equivalents and restricted cash consist of the following:
September 30, 2022 December 31, 2021
(in thousands)
Cash and cash equivalents $ 181,496  $ 130,572 
Short-term restricted cash 971  105 
Long-term restricted cash 26  1,061 
Total cash, cash equivalents and restricted cash $ 182,493  $ 131,738 
Inventory Inventory consists of the following:
September 30, 2022 December 31, 2021
(in thousands)
Work-in-process $ 101,637  $ 72,369 
Finished goods 64,333  59,334 
$ 165,970  $ 131,703 
Property and Equipment Property and equipment, net consists of the following:
Useful Life
(in Years)		 September 30, 2022 December 31, 2021
(in thousands)
Furniture and fixtures 5 $ 3,897  $ 3,917 
Machinery and equipment
3-5
 71,383  65,004 
Masks and production equipment
2-5
 38,932  32,099 
Software 3 9,977  8,763 
Leasehold improvements
1-5
 33,579  30,889 
Construction in progress N/A 4,915  4,647 
162,683  145,319 
Less: accumulated depreciation and amortization (95,602) (84,395)
$ 67,081  $ 60,924 
Price Protection Liability Accrued price protection liability consists of the following activity:
Nine Months Ended September 30,
2022 2021
(in thousands)
Beginning balance $ 40,509  $ 47,766 
Charged as a reduction of revenue 142,473  60,488 
Payments (66,391) (58,843)
Ending balance $ 116,591  $ 49,411 
Accrued Expenses Accrued expenses and other current liabilities consist of the following:
September 30, 2022 December 31, 2021
(in thousands)
Accrued technology license payments $ 5,878  $ 7,337 
Accrued professional fees 3,934  3,651 
Accrued engineering and production costs 2,787  2,934 
Accrued restructuring 224  320 
Accrued royalty 1,346  2,080 
Short-term lease liabilities 10,437  8,888 
Accrued customer credits 3,118  5,136 
Income tax liability 8,435  7,105 
Customer contract liabilities 1,028  1,044 
Accrued obligations to customers for price adjustments 45,954  6,721 
Accrued obligations to customers for stock rotation rights 1,465  2,847 
Contingent consideration 2,882  — 
Other 6,926  9,205 
$ 94,414  $ 57,268 
Schedule of Accumulated Other Comprehensive Income (Loss) by Component The following table summarizes the change in balances of accumulated other comprehensive income (loss) by component:
Cumulative Translation Adjustments Pension and Other Defined Benefit Plan Obligation Total
(in thousands)
Balance at December 31, 2021 $ 21  $ 2,104  $ 2,125 
Other comprehensive loss before reclassifications, net of tax (7,441) —  (7,441)
Balance at September 30, 2022 $ (7,420) $ 2,104  $ (5,316)