Annual report pursuant to Section 13 and 15(d)

Balance Sheet Details (Tables)

v3.24.0.1
Balance Sheet Details (Tables)
 12 Months Ended
Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents
Cash, cash equivalents and restricted cash consist of the following:
December 31, 2023 December 31, 2022
(in thousands)
Cash and cash equivalents $ 187,288  $ 187,353 
Short-term restricted cash 1,051  982 
Long-term restricted cash 17  22 
Total cash, cash equivalents and restricted cash $ 188,356  $ 188,357 
Schedule of Restricted Cash
Cash, cash equivalents and restricted cash consist of the following:
December 31, 2023 December 31, 2022
(in thousands)
Cash and cash equivalents $ 187,288  $ 187,353 
Short-term restricted cash 1,051  982 
Long-term restricted cash 17  22 
Total cash, cash equivalents and restricted cash $ 188,356  $ 188,357 
Schedule of Inventory Inventory consists of the following:
December 31, 2023 December 31, 2022
(in thousands)
Work-in-process $ 60,368  $ 97,840 
Finished goods 39,540  62,704 
$ 99,908  $ 160,544 
Schedule of Property and Equipment, Net
Property and equipment, net consists of the following:
Useful Life
(in Years)		 December 31, 2023 December 31, 2022
(in thousands)
Furniture and fixtures 5 $ 3,995  $ 3,924 
Machinery and equipment
3-5
 76,732  74,258 
Masks and production equipment
2-5
 54,240  50,970 
Software 3 11,427  10,111 
Leasehold improvements
1-5
 35,867  34,236 
Construction in progress N/A 348  7,602 
182,609  181,101 
Less: accumulated depreciation and amortization (116,178) (102,083)
$ 66,431  $ 79,018 
Schedule of Accrued Price Protection Liability
Accrued price protection liability consists of the following activity:
Year Ended December 31,
2023 2022
(in thousands)
Beginning balance $ 113,274  $ 40,509 
Charged as a reduction of revenue 62,644  180,538 
Payments (104,234) (107,773)
Ending balance $ 71,684  $ 113,274 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following:
December 31, 2023 December 31, 2022
(in thousands)
Accrued technology license payments $ 3,843  $ 7,402 
Accrued professional fees 3,736  4,072 
Accrued engineering and production costs 2,861  2,560 
Accrued restructuring 8,301  1,082 
Accrued royalty 603  1,662 
Short-term lease liabilities 9,132  10,489 
Accrued customer credits 3,984  304 
Income tax liability 521  8,895 
Customer contract liabilities 1,597  1,072 
Accrued obligations to customers for price adjustments 54,837  52,392 
Accrued obligations to customers for stock rotation rights 349  605 
Contingent consideration – current portion 2,462  2,941 
Other 6,242  6,679 
$ 98,468  $ 100,155 
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 income (loss) before reclassifications, net of tax (5,201) 2,055  (3,146)
Balance at December 31, 2022 (5,180) 4,159  (1,021)
Other comprehensive income (loss) before reclassifications, net of tax 121  (206) (85)
Reclassification adjustments of unrealized gain (loss) on pension and other defined benefit plans, net of tax —  (2,685) (2,685)
Net current period other comprehensive income (loss) 121  (2,891) (2,770)
Balance at December 31, 2023 $ (5,059) $ 1,268  $ (3,791)