| Balance Sheet Details |
Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
June 30,
2015 |
|
December 31,
2014 |
Cash and cash equivalents |
$ |
56,731 |
|
|
$ |
20,696 |
|
Short-term investments |
16,638 |
|
|
48,399 |
|
Long-term investments |
8,706 |
|
|
10,256 |
|
|
$ |
82,075 |
|
|
$ |
79,351 |
|
Inventory consists of the following:
|
|
|
|
|
|
|
|
|
|
June 30,
2015 |
|
December 31,
2014 |
Work-in-process |
$ |
21,778 |
|
|
$ |
4,169 |
|
Finished goods |
17,044 |
|
|
6,689 |
|
|
$ |
38,822 |
|
|
$ |
10,858 |
|
Property and equipment consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years)
|
|
June 30,
2015 |
|
December 31,
2014 |
Furniture and fixtures |
5 |
|
$ |
2,416 |
|
|
$ |
735 |
|
Machinery and equipment |
3 -5 |
|
22,706 |
|
|
12,695 |
|
Masks and production equipment |
2 |
|
8,672 |
|
|
8,672 |
|
Software |
3 |
|
2,800 |
|
|
905 |
|
Leasehold improvements |
4 -5 |
|
10,371 |
|
|
4,451 |
|
Construction in progress |
N/A |
|
97 |
|
|
276 |
|
|
|
|
47,062 |
|
|
27,734 |
|
Less accumulated depreciation and amortization |
|
|
(23,939 |
) |
|
(15,293 |
) |
|
|
|
$ |
23,123 |
|
|
$ |
12,441 |
|
Intangible assets, net consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average
Amortization
Period
(in Years)
|
|
June 30,
2015 |
|
December 31,
2014 |
Licensed technology |
3 |
|
$ |
2,821 |
|
|
$ |
2,821 |
|
Developed technology |
7 |
|
46,700 |
|
|
2,700 |
|
Trademarks and trade names |
7 |
|
1,700 |
|
|
— |
|
Customer relationships |
5 |
|
4,700 |
|
|
— |
|
Backlog |
1 |
|
24,200 |
|
|
— |
|
Less accumulated amortization |
|
|
(11,844 |
) |
|
(2,435 |
) |
|
|
|
68,277 |
|
|
3,086 |
|
In-process research and development |
|
|
25,100 |
|
|
7,300 |
|
|
|
|
$ |
93,377 |
|
|
$ |
10,386 |
|
The following table presents future amortization of the Company’s intangible assets at June 30, 2015:
|
|
|
|
|
|
Amortization |
2015 |
$ |
20,499 |
|
2016 |
7,967 |
|
2017 |
7,854 |
|
2018 |
7,854 |
|
2019 |
7,854 |
|
Thereafter |
16,249 |
|
Total |
$ |
68,277 |
|
Deferred revenue and deferred profit consist of the following:
|
|
|
|
|
|
|
|
|
|
June 30,
2015 |
|
December 31,
2014 |
Deferred revenue—rebates |
$ |
23 |
|
|
$ |
21 |
|
Deferred revenue—distributor transactions |
6,358 |
|
|
5,585 |
|
Deferred cost of net revenue—distributor transactions |
(2,246 |
) |
|
(1,994 |
) |
|
$ |
4,135 |
|
|
$ |
3,612 |
|
Accrued price protection liability consists of the following activity:
|
|
|
|
|
|
|
|
|
|
Six Months Ended
June 30, |
|
2015 |
|
2014 |
Beginning balance |
$ |
10,018 |
|
|
$ |
15,017 |
|
Additional liability from acquisition |
3,486 |
|
|
— |
|
Charged as a reduction of revenue |
14,781 |
|
|
6,677 |
|
Reversal of unclaimed rebates |
(63 |
) |
|
(242 |
) |
Payments |
(12,443 |
) |
|
(7,072 |
) |
Ending balance |
$ |
15,779 |
|
|
$ |
14,380 |
|
Accrued expenses and other current liabilities consist of the following:
|
|
|
|
|
|
|
|
|
|
June 30,
2015 |
|
December 31,
2014 |
Accrued technology license payments |
$ |
3,000 |
|
|
$ |
3,000 |
|
Accrued professional fees |
1,976 |
|
|
422 |
|
Accrued product liability |
3,606 |
|
|
— |
|
Accrued restructuring |
1,384 |
|
|
— |
|
Accrued litigation costs |
700 |
|
|
560 |
|
Accrued royalty |
1,824 |
|
|
— |
|
Deferred tax liability |
3,762 |
|
|
— |
|
Other |
8,429 |
|
|
1,566 |
|
|
$ |
24,681 |
|
|
$ |
5,548 |
|
|