Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details (Tables)

v3.3.0.814
Balance Sheet Details (Tables)
9 Months Ended
Sep. 30, 2015
Balance Sheet Related Disclosures [Abstract]  
Cash, Cash Equivalents and Investments
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
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
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
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

Amortization of Company's Intangible Assets
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
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

Price Protection Liability
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
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