| Balance Sheet Details |
4. Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
March 31,
2014 |
|
December 31,
2013 |
Cash and cash equivalents |
$ |
28,500 |
|
|
$ |
26,450 |
|
Short-term investments |
44,769 |
|
|
35,494 |
|
Long-term investments |
15,428 |
|
|
24,410 |
|
|
$ |
88,697 |
|
|
$ |
86,354 |
|
Inventory consists of the following:
|
|
|
|
|
|
|
|
|
|
March 31,
2014 |
|
December 31,
2013 |
Work-in-process |
$ |
4,507 |
|
|
$ |
4,384 |
|
Finished goods |
6,535 |
|
|
5,648 |
|
|
$ |
11,042 |
|
|
$ |
10,032 |
|
Property and equipment consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years)
|
|
March 31,
2014 |
|
December 31,
2013 |
Furniture and fixtures |
5 |
|
$ |
346 |
|
|
$ |
346 |
|
Machinery and equipment |
3 -5 |
|
10,091 |
|
|
9,488 |
|
Masks and production equipment |
2 |
|
6,310 |
|
|
4,764 |
|
Software |
3 |
|
743 |
|
|
743 |
|
Leasehold improvements |
4 -5 |
|
1,069 |
|
|
924 |
|
Construction in progress |
N/A |
|
1,241 |
|
|
82 |
|
|
|
|
19,800 |
|
|
16,347 |
|
Less accumulated depreciation and amortization |
|
|
(11,887 |
) |
|
(10,836 |
) |
|
|
|
$ |
7,913 |
|
|
$ |
5,511 |
|
Intangible assets consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average
Amortization
Period
(in Years)
|
|
March 31,
2014 |
|
December 31,
2013 |
Licensed technology |
3 |
|
$ |
2,821 |
|
|
$ |
2,821 |
|
Less accumulated amortization |
|
|
(2,151 |
) |
|
(2,072 |
) |
|
|
|
$ |
670 |
|
|
$ |
749 |
|
The following table presents future amortization of the Company’s intangible assets at March 31, 2014:
|
|
|
|
|
|
Amortization |
2014 |
$ |
240 |
|
2015 |
319 |
|
2016 |
111 |
|
Total |
$ |
670 |
|
Deferred revenue and deferred profit consist of the following:
|
|
|
|
|
|
|
|
|
|
March 31,
2014 |
|
December 31,
2013 |
Deferred revenue—rebates |
$ |
8 |
|
|
$ |
110 |
|
Deferred revenue—distributor transactions |
4,724 |
|
|
3,922 |
|
Deferred cost of net revenue—distributor transactions |
(1,552 |
) |
|
(1,381 |
) |
|
$ |
3,180 |
|
|
$ |
2,651 |
|
Accrued price protection liability consists of the following activity:
|
|
|
|
|
|
|
|
|
|
Three Months Ended
March 31, |
|
2014 |
|
2013 |
Beginning balance |
$ |
15,017 |
|
|
$ |
7,880 |
|
Charged as a reduction of revenue |
6,677 |
|
|
4,694 |
|
Reversal of unclaimed rebates |
(242 |
) |
|
— |
|
Payments |
(7,072 |
) |
|
(2,786 |
) |
Ending Balance |
$ |
14,380 |
|
|
$ |
9,788 |
|
Accrued expenses and other current liabilities consist of the following:
|
|
|
|
|
|
|
|
|
|
March 31,
2014 |
|
December 31,
2013 |
Accrued technology license payments |
$ |
3,000 |
|
|
$ |
3,000 |
|
Accrued professional fees |
465 |
|
|
390 |
|
Accrued litigation costs |
235 |
|
|
— |
|
Other |
795 |
|
|
895 |
|
|
$ |
4,495 |
|
|
$ |
4,285 |
|
|