| Balance Sheet Details |
Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Cash and cash equivalents |
$ |
56,076 |
|
|
$ |
67,956 |
|
Short-term investments |
42,146 |
|
|
43,300 |
|
Long-term investments |
12,020 |
|
|
19,242 |
|
|
$ |
110,242 |
|
|
$ |
130,498 |
|
Inventory consists of the following:
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Work-in-process |
$ |
20,881 |
|
|
$ |
15,713 |
|
Finished goods |
11,238 |
|
|
16,730 |
|
|
$ |
32,119 |
|
|
$ |
32,443 |
|
Property and equipment consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years) |
|
September 30, 2016 |
|
December 31, 2015 |
|
|
|
(in thousands) |
Furniture and fixtures |
5 |
|
$ |
2,187 |
|
|
$ |
2,458 |
|
Machinery and equipment |
3 -5 |
|
27,035 |
|
|
23,679 |
|
Masks and production equipment |
2 |
|
9,134 |
|
|
8,062 |
|
Software |
3 |
|
3,706 |
|
|
3,017 |
|
Leasehold improvements |
1 -5 |
|
11,310 |
|
|
9,573 |
|
Construction in progress |
N/A |
|
— |
|
|
62 |
|
|
|
|
53,372 |
|
|
46,851 |
|
Less accumulated depreciation and amortization |
|
|
(31,422 |
) |
|
(24,993 |
) |
|
|
|
$ |
21,950 |
|
|
$ |
21,858 |
|
Deferred revenue and deferred profit consist of the following:
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Deferred revenue—rebates |
$ |
156 |
|
|
$ |
118 |
|
Deferred revenue—distributor transactions |
7,518 |
|
|
5,695 |
|
Deferred cost of net revenue—distributor transactions |
(2,380 |
) |
|
(1,747 |
) |
|
$ |
5,294 |
|
|
$ |
4,066 |
|
A summary of activity in the accrued price protection liability is as follows:
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
2016 |
|
2015 |
|
(in thousands) |
Beginning balance |
$ |
20,026 |
|
|
$ |
10,018 |
|
Additional liability from acquisition |
— |
|
|
1,309 |
|
Charged as a reduction of revenue |
34,501 |
|
|
28,522 |
|
Reversal of unclaimed rebates |
(1,302 |
) |
|
(112 |
) |
Payments |
(36,113 |
) |
|
(20,033 |
) |
Ending balance |
$ |
17,112 |
|
|
$ |
19,704 |
|
Accrued expenses and other current liabilities consist of the following:
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Accrued technology license payments |
$ |
5,989 |
|
|
$ |
3,000 |
|
Accrued professional fees |
1,467 |
|
|
1,196 |
|
Accrued engineering and production costs |
1,062 |
|
|
826 |
|
Accrued restructuring |
904 |
|
|
3,416 |
|
Accrued litigation costs |
— |
|
|
534 |
|
Accrued royalty |
908 |
|
|
2,042 |
|
Accrued leases - other |
1,612 |
|
|
— |
|
Warranty reserve |
781 |
|
|
157 |
|
Accrued customer credits |
2,554 |
|
|
951 |
|
Contingent consideration |
364 |
|
|
395 |
|
Other |
1,041 |
|
|
2,851 |
|
|
$ |
16,682 |
|
|
$ |
15,368 |
|
|