Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

v2.4.0.6
Balance Sheet Details
6 Months Ended
Jun. 30, 2012
Balance Sheet Details [Abstract]  
Balance Sheet Details

4. Balance Sheet Details

Inventory consists of the following:

 

                 
    June 30,
2012
    December 31,
2011
 

Work-in-process

  $ 3,634     $ 3,641  

Finished goods

    4,903       4,441  
   

 

 

   

 

 

 
    $ 8,537     $ 8,082  
   

 

 

   

 

 

 

Property and equipment consist of the following:

 

                     
    Useful Life
(in Years)
  June 30,
2012
    December 31,
2011
 

Furniture and fixtures

  5   $ 305     $ 305  

Machinery and equipment

  3 - 5     7,133       6,875  

Masks and production equipment

  2     3,556       3,249  

Software

  3     681       558  

Leasehold improvements

  4 - 5     543       489  

Construction in progress

  N/A     323       6  
       

 

 

   

 

 

 
          12,541       11,482  

Less accumulated depreciation and amortization

        (7,110     (5,988
       

 

 

   

 

 

 
        $ 5,431     $ 5,494  
       

 

 

   

 

 

 

 

Intangible assets consist of the following:

 

                         
    Weighted
Average
Amortization
Period
(in Years)
    June 30,
2012
    December 31,
2011
 

Licensed technology

    3     $ 1,865     $ 1,865  

Less accumulated amortization

            (1,217     (844
           

 

 

   

 

 

 
            $ 648     $ 1,021  
           

 

 

   

 

 

 

The following table presents future amortization of the Company’s intangible assets at June 30, 2012:

 

         
    Amortization  

2012

  $ 373  

2013

    275  
   

 

 

 

Total

  $ 648  
   

 

 

 

Deferred revenue and deferred profit consist of the following:

 

                 
    June 30,
2012
    December 31,
2011
 

Deferred revenue—rebates

  $ 32     $ 190  

Deferred revenue—distributor transactions

    3,605       5,606  

Deferred cost of net revenue—distributor transactions

    (1,412     (1,767
   

 

 

   

 

 

 
    $ 2,225     $ 4,029  
   

 

 

   

 

 

 

Accrued expenses consist of the following:

 

                 
    June 30,
2012
    December 31,
2011
 

Accrued technology license payments

  $ 3,173     $ 2,794  

Accrued professional fees

    506       203  

Accrued price protection liability

    6,702       2,856  

Accrued export compliance costs (1)

    894       750  

Other

    975       800  
   

 

 

   

 

 

 
    $ 12,250     $ 7,403  
   

 

 

   

 

 

 

 

(1)

Accrued export compliance costs include a total of $875 of estimated fines and penalties related to a previously disclosed export compliance matter, of which $750 was recorded in 2011 and an additional $125 recorded in the three and six months ended June 30, 2012.

 

Other long-term liabilities consist of the following:

 

                 
    June 30,
2012
    December 31,
2011
 

Accrued technology license payments

  $ —       $ 371  

Deferred rent

    244       248  

Other

    432       236  
   

 

 

   

 

 

 
    $ 676     $ 855