Annual report pursuant to Section 13 and 15(d)

Balance Sheet Details (Tables)

v3.22.0.1
Balance Sheet Details (Tables)
 12 Months Ended
Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]  
Schedule of Cash and Cash Equivalents Cash, cash equivalents and restricted cash consist of the following:
December 31, 2021 December 31, 2020
(in thousands)
Cash and cash equivalents $ 130,572  $ 148,901 
Short-term restricted cash 105  115 
Long-term restricted cash 1,061  1,018 
Total cash, cash equivalents and restricted cash $ 131,738  $ 150,034 
Schedule of Restricted Cash Cash, cash equivalents and restricted cash consist of the following:
December 31, 2021 December 31, 2020
(in thousands)
Cash and cash equivalents $ 130,572  $ 148,901 
Short-term restricted cash 105  115 
Long-term restricted cash 1,061  1,018 
Total cash, cash equivalents and restricted cash $ 131,738  $ 150,034 
Inventory Inventory consists of the following:
December 31, 2021 December 31, 2020
(in thousands)
Work-in-process $ 72,369  $ 35,852 
Finished goods 59,334  61,987 
$ 131,703  $ 97,839 
Prepaid and Other Current Assets Prepaid and other current assets consist of the following:
December 31, 2021 December 31, 2020
(in thousands)
Prepaid expenses $ 12,194  $ 7,674 
Other receivables —  32,762 
Other current assets 9,806  6,985 
$ 22,000  $ 47,421 
Property and Equipment, Net Property and equipment, net consists of the following:
Useful Life
(in Years)		 December 31, 2021 December 31, 2020
(in thousands)
Furniture and fixtures 5 $ 3,917  $ 2,524 
Machinery and equipment
3-5
 65,004  55,456 
Masks and production equipment
2-5
 32,099  19,205 
Software 3 8,763  7,194 
Leasehold improvements
1-5
 30,889  16,871 
Construction in progress N/A 4,647  8,050 
145,319  109,300 
Less: accumulated depreciation and amortization (84,395) (69,830)
$ 60,924  $ 39,470 
Accrued Price Protection Liability Accrued price protection liability consists of the following activity:
Year Ended December 31,
2021 2020
(in thousands)
Beginning balance $ 47,766  $ 12,557 
Charged as a reduction of revenue 81,116  48,942 
Reversal of unclaimed rebates —  (159)
Payments (88,373) (13,574)
Ending balance $ 40,509  $ 47,766 
Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following:
December 31, 2021 December 31, 2020
(in thousands)
Deferred purchase price payments $ —  $ 34,484 
Payables under transition services agreement —  17,420 
Accrued technology license payments 7,337  5,821 
Accrued professional fees 3,651  2,620 
Accrued engineering and production costs 2,934  3,448 
Accrued restructuring 320  3,628 
Accrued royalty 2,080  1,965 
Short-term lease liabilities 8,888  8,144 
Accrued customer credits 5,136  1,135 
Income tax liability 7,105  1,193 
Customer contract liabilities 1,044  29 
Accrued obligations to customers for price adjustments 6,721  10,277 
Accrued obligations to customers for stock rotation rights 2,847  2,036 
Other 9,205  13,642 
$ 57,268  $ 105,842 
Schedule of Accumulated Other Comprehensive Income (Loss) by Component The following table summarizes the change in balances of accumulated other comprehensive income (loss) by component:
Cumulative Translation Adjustments Interest Rate Hedge Pension and Other Defined Benefit Plan Obligation Total
(in thousands)
Balance at December 31, 2019 $ (747) $ (140) $ —  $ (887)
Other comprehensive income (loss) before reclassifications, net of tax 1,010  225  1,172  2,407 
Amounts reclassified, net of tax —  (85) —  (85)
Net current period other comprehensive income (loss) 1,010  140  1,172  2,322 
Balance at December 31, 2020 263  —  1,172  1,435 
Other comprehensive income (loss) before reclassifications, net of tax (242) —  932  690 
Balance at December 31, 2021 $ 21  $ —  $ 2,104  $ 2,125