| Balance Sheet Details |
Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
March 31,
2015 |
|
December 31,
2014 |
Cash and cash equivalents |
$ |
22,769 |
|
|
$ |
20,696 |
|
Short-term investments |
42,173 |
|
|
48,399 |
|
Long-term investments |
16,332 |
|
|
10,256 |
|
|
$ |
81,274 |
|
|
$ |
79,351 |
|
Inventory consists of the following:
|
|
|
|
|
|
|
|
|
|
March 31,
2015 |
|
December 31,
2014 |
Work-in-process |
$ |
6,859 |
|
|
$ |
4,169 |
|
Finished goods |
5,990 |
|
|
6,689 |
|
|
$ |
12,849 |
|
|
$ |
10,858 |
|
Property and equipment consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years)
|
|
March 31,
2015 |
|
December 31,
2014 |
Furniture and fixtures |
5 |
|
$ |
757 |
|
|
$ |
735 |
|
Machinery and equipment |
3 -5 |
|
12,864 |
|
|
12,695 |
|
Masks and production equipment |
2 |
|
8,672 |
|
|
8,672 |
|
Software |
3 |
|
1,193 |
|
|
905 |
|
Leasehold improvements |
4 -5 |
|
4,451 |
|
|
4,451 |
|
Construction in progress |
N/A |
|
68 |
|
|
276 |
|
|
|
|
28,005 |
|
|
27,734 |
|
Less accumulated depreciation and amortization |
|
|
(16,741 |
) |
|
(15,293 |
) |
|
|
|
$ |
11,264 |
|
|
$ |
12,441 |
|
Intangible assets, net consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average
Amortization
Period
(in Years)
|
|
March 31,
2015 |
|
December 31,
2014 |
Licensed technology |
3 |
|
$ |
2,821 |
|
|
$ |
2,821 |
|
Developed technology |
7 |
|
3,100 |
|
|
2,700 |
|
Less accumulated amortization |
|
|
(2,630 |
) |
|
(2,435 |
) |
|
|
|
3,291 |
|
|
3,086 |
|
In-process research and development |
|
|
6,900 |
|
|
7,300 |
|
|
|
|
$ |
10,191 |
|
|
$ |
10,386 |
|
The following table presents future amortization of the Company’s intangible assets at March 31, 2015:
|
|
|
|
|
|
Amortization |
2015 |
$ |
571 |
|
2016 |
555 |
|
2017 |
443 |
|
2018 |
443 |
|
2019 |
443 |
|
Thereafter |
836 |
|
Total |
$ |
3,291 |
|
Deferred revenue and deferred profit consist of the following:
|
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|
|
|
|
|
|
|
|
March 31,
2015 |
|
December 31,
2014 |
Deferred revenue—rebates |
$ |
43 |
|
|
$ |
21 |
|
Deferred revenue—distributor transactions |
5,512 |
|
|
5,585 |
|
Deferred cost of net revenue—distributor transactions |
(1,922 |
) |
|
(1,994 |
) |
|
$ |
3,633 |
|
|
$ |
3,612 |
|
Accrued price protection liability consists of the following activity:
|
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|
|
|
|
|
|
|
|
Three Months Ended
March 31, |
|
2015 |
|
2014 |
Beginning balance |
$ |
10,018 |
|
|
$ |
15,017 |
|
Charged as a reduction of revenue |
6,009 |
|
|
6,677 |
|
Reversal of unclaimed rebates |
(12 |
) |
|
(242 |
) |
Payments |
(3,350 |
) |
|
(7,072 |
) |
Ending balance |
$ |
12,665 |
|
|
$ |
14,380 |
|
Accrued expenses and other current liabilities consist of the following:
|
|
|
|
|
|
|
|
|
|
March 31,
2015 |
|
December 31,
2014 |
Accrued technology license payments |
$ |
3,000 |
|
|
$ |
3,000 |
|
Accrued professional fees |
2,623 |
|
|
422 |
|
Accrued litigation costs |
673 |
|
|
560 |
|
Other |
1,305 |
|
|
1,566 |
|
|
$ |
7,601 |
|
|
$ |
5,548 |
|
|