Annual report pursuant to Section 13 and 15(d)

Balance Sheet Details (Tables)

v3.22.4
Balance Sheet Details (Tables)
 12 Months Ended
Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents Cash, cash equivalents and restricted cash consist of the following:
December 31, 2022 December 31, 2021
(in thousands)
Cash and cash equivalents $ 187,353  $ 130,572 
Short-term restricted cash 982  105 
Long-term restricted cash 22  1,061 
Total cash, cash equivalents and restricted cash $ 188,357  $ 131,738 
Schedule of Restricted Cash Cash, cash equivalents and restricted cash consist of the following:
December 31, 2022 December 31, 2021
(in thousands)
Cash and cash equivalents $ 187,353  $ 130,572 
Short-term restricted cash 982  105 
Long-term restricted cash 22  1,061 
Total cash, cash equivalents and restricted cash $ 188,357  $ 131,738 
Inventory Inventory consists of the following:
December 31, 2022 December 31, 2021
(in thousands)
Work-in-process $ 97,840  $ 72,369 
Finished goods 62,704  59,334 
$ 160,544  $ 131,703 
Property and Equipment, Net Property and equipment, net consists of the following:
Useful Life
(in Years)		 December 31, 2022 December 31, 2021
(in thousands)
Furniture and fixtures 5 $ 3,924  $ 3,917 
Machinery and equipment
3-5
 74,258  65,004 
Masks and production equipment
2-5
 50,970  32,099 
Software 3 10,111  8,763 
Leasehold improvements
1-5
 34,236  30,889 
Construction in progress N/A 7,602  4,647 
181,101  145,319 
Less: accumulated depreciation and amortization (102,083) (84,395)
$ 79,018  $ 60,924 
Accrued Price Protection Liability Accrued price protection liability consists of the following activity:
Year Ended December 31,
2022 2021
(in thousands)
Beginning balance $ 40,509  $ 47,766 
Charged as a reduction of revenue 180,538  81,116 
Payments (107,773) (88,373)
Ending balance $ 113,274  $ 40,509 
Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following:
December 31, 2022 December 31, 2021
(in thousands)
Accrued technology license payments $ 7,402  $ 7,337 
Accrued professional fees 4,072  3,651 
Accrued engineering and production costs 2,560  2,934 
Accrued restructuring 1,082  320 
Accrued royalty 1,662  2,080 
Short-term lease liabilities 10,489  8,888 
Accrued customer credits 304  5,136 
Income tax liability 8,895  7,105 
Customer contract liabilities 1,072  1,044 
Accrued obligations to customers for price adjustments 52,392  6,721 
Accrued obligations to customers for stock rotation rights 605  2,847 
Contingent consideration 2,941  — 
Other 6,679  9,205 
$ 100,155  $ 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, 2020 $ 263  $ 1,172  $ 1,435 
Other comprehensive income (loss) before reclassifications, net of tax (242) 932  690 
Balance at December 31, 2021 21  2,104  2,125 
Other comprehensive income (loss) before reclassifications, net of tax (5,201) 2,055  (3,146)
Balance at December 31, 2022 $ (5,180) $ 4,159  $ (1,021)