| Balance Sheet Details |
Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
September 30,
2015 |
|
December 31,
2014 |
Cash and cash equivalents |
$ |
58,149 |
|
|
$ |
20,696 |
|
Short-term investments |
26,797 |
|
|
48,399 |
|
Long-term investments |
19,847 |
|
|
10,256 |
|
|
$ |
104,793 |
|
|
$ |
79,351 |
|
Inventory consists of the following:
|
|
|
|
|
|
|
|
|
|
September 30,
2015 |
|
December 31,
2014 |
Work-in-process |
$ |
19,667 |
|
|
$ |
4,169 |
|
Finished goods |
16,598 |
|
|
6,689 |
|
|
$ |
36,265 |
|
|
$ |
10,858 |
|
Property and equipment consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years)
|
|
September 30,
2015 |
|
December 31,
2014 |
Furniture and fixtures |
5 |
|
$ |
2,388 |
|
|
$ |
735 |
|
Machinery and equipment |
3 -5 |
|
22,997 |
|
|
12,695 |
|
Masks and production equipment |
2 |
|
8,062 |
|
|
8,672 |
|
Software |
3 |
|
3,020 |
|
|
905 |
|
Leasehold improvements |
4 -5 |
|
10,492 |
|
|
4,451 |
|
Construction in progress |
N/A |
|
84 |
|
|
276 |
|
|
|
|
47,043 |
|
|
27,734 |
|
Less accumulated depreciation and amortization |
|
|
(26,500 |
) |
|
(15,293 |
) |
|
|
|
$ |
20,543 |
|
|
$ |
12,441 |
|
Intangible assets, net consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
Average
Amortization
Period
(in Years)
|
|
September 30,
2015 |
|
December 31,
2014 |
Licensed technology |
3 |
|
$ |
2,921 |
|
|
$ |
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 |
|
|
(25,666 |
) |
|
(2,435 |
) |
|
|
|
54,555 |
|
|
3,086 |
|
In-process research and development |
|
|
25,100 |
|
|
7,300 |
|
|
|
|
$ |
79,655 |
|
|
$ |
10,386 |
|
The following table presents future amortization of the Company’s intangible assets at September 30, 2015:
|
|
|
|
|
|
Amortization |
2015 |
$ |
6,693 |
|
2016 |
8,000 |
|
2017 |
7,888 |
|
2018 |
7,871 |
|
2019 |
7,854 |
|
Thereafter |
16,249 |
|
Total |
$ |
54,555 |
|
Deferred revenue and deferred profit consist of the following:
|
|
|
|
|
|
|
|
|
|
September 30,
2015 |
|
December 31,
2014 |
Deferred revenue—rebates |
$ |
23 |
|
|
$ |
21 |
|
Deferred revenue—distributor transactions |
6,112 |
|
|
5,585 |
|
Deferred cost of net revenue—distributor transactions |
(1,997 |
) |
|
(1,994 |
) |
|
$ |
4,138 |
|
|
$ |
3,612 |
|
Accrued price protection liability consists of the following activity:
|
|
|
|
|
|
|
|
|
|
Nine Months Ended
September 30, |
|
2015 |
|
2014 |
Beginning balance |
$ |
10,018 |
|
|
$ |
7,880 |
|
Additional liability from acquisition |
1,309 |
|
|
— |
|
Charged as a reduction of revenue |
28,522 |
|
|
15,920 |
|
Reversal of unclaimed rebates |
(112 |
) |
|
(27 |
) |
Payments |
(20,033 |
) |
|
(11,276 |
) |
Ending balance |
$ |
19,704 |
|
|
$ |
12,497 |
|
Accrued expenses and other current liabilities consist of the following:
|
|
|
|
|
|
|
|
|
|
September 30,
2015 |
|
December 31,
2014 |
Accrued technology license payments |
$ |
3,000 |
|
|
$ |
3,000 |
|
Accrued professional fees |
1,346 |
|
|
422 |
|
Accrued restructuring |
1,339 |
|
|
— |
|
Accrued litigation costs |
415 |
|
|
560 |
|
Accrued royalty |
1,846 |
|
|
— |
|
Deferred tax liability |
3,393 |
|
|
— |
|
Other |
7,812 |
|
|
1,566 |
|
|
$ |
19,151 |
|
|
$ |
5,548 |
|
|