Annual report pursuant to Section 13 and 15(d)

Balance Sheet Details

v2.4.0.8
Balance Sheet Details
12 Months Ended
Dec. 31, 2013
Supplemental Balance Sheet Disclosures [Abstract]  
Balance Sheet Details
4. Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
 
December 31,
 
2013
 
2012
Cash and cash equivalents
$
26,450

 
$
21,810

Short-term investments
35,494

 
50,265

Long-term investments
24,410

 
5,181

 
$
86,354

 
$
77,256


Inventory consists of the following:
 
December 31,
 
2013
 
2012
Work-in-process
$
4,384

 
$
3,233

Finished goods
5,648

 
6,658

 
$
10,032

 
$
9,891


Property and equipment consist of the following:
 
 
 
December 31,
 
Useful Life
(in Years)
 
2013
 
2012
Furniture and fixtures
5
 
$
346

 
$
355

Machinery and equipment
3 -5
 
9,488

 
8,331

Masks and production equipment (1)
2
 
4,764

 
4,894

Software
3
 
743

 
736

Leasehold improvements
4 -5
 
924

 
829

Construction in progress
N/A
 
82

 
20

 
 
 
16,347

 
15,165

Less accumulated depreciation and amortization
 
 
(10,836
)
 
(8,299
)
 
 
 
$
5,511

 
$
6,866

(1) In the year ended December 31, 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
 
December 31,
 
Period
(in Years)
 
2013
 
2012
Licensed technology
3
 
$
2,821

 
$
1,865

Less accumulated amortization
 
 
(2,072
)
 
(1,590
)
 
 
 
$
749

 
$
275


The following table presents future amortization of the Company’s intangible assets at December 31, 2013:
 
Amortization
2014
$
319

2015
319

2016
111

2017

Total
$
749


Deferred revenue and deferred profit consist of the following:
 
December 31,
 
2013
 
2012
Deferred revenue—rebates
$
110

 
$
23

Deferred revenue—distributor transactions
3,922

 
3,735

Deferred cost of net revenue—distributor transactions
(1,381
)
 
(1,469
)
 
$
2,651

 
$
2,289


Accrued price protection liability consists of the following activity:
 
Years Ended December
 
2013
 
2012
Beginning balance
$
7,880

 
$
2,856

Charged as a reduction of revenue
22,388

 
12,935

Reversal of unclaimed rebates
(50
)
 

Payments
(15,201
)
 
(7,911
)
Ending Balance
$
15,017

 
$
7,880


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

 
$
2,996

Accrued professional fees
390

 
386

Accrued litigation costs

 
586

Other
895

 
1,055

 
$
4,285

 
$
5,023