| Balance Sheet Details |
Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Cash and cash equivalents |
$ |
82,896 |
|
|
$ |
67,956 |
|
Short-term investments |
47,918 |
|
|
43,300 |
|
Long-term investments |
5,991 |
|
|
19,242 |
|
|
$ |
136,805 |
|
|
$ |
130,498 |
|
Inventory consists of the following:
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Work-in-process |
$ |
13,947 |
|
|
$ |
15,713 |
|
Finished goods |
12,636 |
|
|
16,730 |
|
|
$ |
26,583 |
|
|
$ |
32,443 |
|
Property and equipment consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years)
|
|
December 31, 2016 |
|
December 31, 2015 |
|
|
|
(in thousands) |
Furniture and fixtures |
5 |
|
$ |
1,983 |
|
|
$ |
2,458 |
|
Machinery and equipment |
3 -5 |
|
27,028 |
|
|
23,679 |
|
Masks and production equipment |
2 |
|
9,153 |
|
|
8,062 |
|
Software |
3 |
|
3,625 |
|
|
3,017 |
|
Leasehold improvements |
1 -5 |
|
11,635 |
|
|
9,573 |
|
Construction in progress |
N/A |
|
39 |
|
|
62 |
|
|
|
|
53,463 |
|
|
46,851 |
|
Less accumulated depreciation and amortization |
|
|
(32,914 |
) |
|
(24,993 |
) |
|
|
|
$ |
20,549 |
|
|
$ |
21,858 |
|
Deferred revenue and deferred profit consist of the following:
|
|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Deferred revenue—rebates |
$ |
464 |
|
|
$ |
118 |
|
Deferred revenue—distributor transactions |
7,987 |
|
|
5,695 |
|
Deferred cost of net revenue—distributor transactions |
(2,460 |
) |
|
(1,747 |
) |
|
$ |
5,991 |
|
|
$ |
4,066 |
|
Accrued price protection liability consists of the following activity:
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
2016 |
|
2015 |
|
(in thousands) |
Beginning balance |
$ |
20,026 |
|
|
$ |
10,018 |
|
Additional liability from acquisition |
— |
|
|
3,486 |
|
Charged as a reduction of revenue |
43,931 |
|
|
39,304 |
|
Reversal of unclaimed rebates |
(1,303 |
) |
|
(158 |
) |
Payments |
(47,478 |
) |
|
(32,624 |
) |
Ending balance |
$ |
15,176 |
|
|
$ |
20,026 |
|
Accrued expenses and other current liabilities consist of the following:
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|
|
|
|
|
|
|
|
|
December 31, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Accrued technology license payments |
$ |
5,850 |
|
|
$ |
3,000 |
|
Accrued professional fees |
1,620 |
|
|
1,196 |
|
Accrued engineering and production costs |
1,232 |
|
|
826 |
|
Accrued restructuring |
536 |
|
|
3,416 |
|
Accrued royalty |
846 |
|
|
2,042 |
|
Accrued leases |
1,560 |
|
|
— |
|
Accrued customer credits |
1,207 |
|
|
951 |
|
Other |
3,507 |
|
|
3,937 |
|
|
$ |
16,358 |
|
|
$ |
15,368 |
|
|