| Balance Sheet Details |
Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
June 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Cash and cash equivalents |
$ |
147,582 |
|
|
$ |
67,956 |
|
Short-term investments |
28,899 |
|
|
43,300 |
|
Long-term investments |
— |
|
|
19,242 |
|
|
$ |
176,481 |
|
|
$ |
130,498 |
|
Inventory consists of the following:
|
|
|
|
|
|
|
|
|
|
June 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Work-in-process |
$ |
14,276 |
|
|
$ |
15,713 |
|
Finished goods |
11,281 |
|
|
16,730 |
|
In-transit |
47 |
|
|
— |
|
|
$ |
25,604 |
|
|
$ |
32,443 |
|
Property and equipment consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years) |
|
June 30, 2016 |
|
December 31, 2015 |
|
|
|
(in thousands) |
Furniture and fixtures |
5 |
|
$ |
2,612 |
|
|
$ |
2,458 |
|
Machinery and equipment |
3 -5 |
|
25,047 |
|
|
23,679 |
|
Masks and production equipment |
2 |
|
8,154 |
|
|
8,062 |
|
Software |
3 |
|
3,036 |
|
|
3,017 |
|
Leasehold improvements |
4 -5 |
|
11,268 |
|
|
9,573 |
|
Construction in progress |
N/A |
|
700 |
|
|
62 |
|
|
|
|
50,817 |
|
|
46,851 |
|
Less accumulated depreciation and amortization |
|
|
(29,683 |
) |
|
(24,993 |
) |
|
|
|
$ |
21,134 |
|
|
$ |
21,858 |
|
Deferred revenue and deferred profit consist of the following:
|
|
|
|
|
|
|
|
|
|
June 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Deferred revenue—rebates |
$ |
224 |
|
|
$ |
118 |
|
Deferred revenue—distributor transactions |
8,523 |
|
|
5,695 |
|
Deferred cost of net revenue—distributor transactions |
(2,949 |
) |
|
(1,747 |
) |
|
$ |
5,798 |
|
|
$ |
4,066 |
|
Accrued price protection liability consists of the following activity:
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
2016 |
|
2015 |
|
(in thousands) |
Beginning balance |
$ |
20,026 |
|
|
$ |
10,018 |
|
Additional liability from acquisition |
— |
|
|
3,486 |
|
Charged as a reduction of revenue |
22,759 |
|
|
14,781 |
|
Reversal of unclaimed rebates |
(1,302 |
) |
|
(63 |
) |
Payments |
(23,213 |
) |
|
(12,443 |
) |
Ending balance |
$ |
18,270 |
|
|
$ |
15,779 |
|
Accrued expenses and other current liabilities consist of the following:
|
|
|
|
|
|
|
|
|
|
June 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Accrued technology license payments |
$ |
3,000 |
|
|
$ |
3,000 |
|
Accrued professional fees |
1,372 |
|
|
1,196 |
|
Accrued restructuring |
1,427 |
|
|
1,633 |
|
Accrued litigation costs |
— |
|
|
534 |
|
Accrued royalty |
1,170 |
|
|
2,042 |
|
Accrued leases - other |
1,243 |
|
|
— |
|
Other |
4,913 |
|
|
6,963 |
|
|
$ |
13,125 |
|
|
$ |
15,368 |
|
|