Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details (Tables)

v3.7.0.1
Balance Sheet Details (Tables)
3 Months Ended
Mar. 31, 2017
Balance Sheet Related Disclosures [Abstract]  
Cash, Cash Equivalents and Investments
Cash, cash equivalents, restricted cash and investments consist of the following:
 
March 31, 2017
 
December 31, 2016
 
(in thousands)
Cash and cash equivalents
$
89,121

 
$
81,086

Short-term restricted cash
615

 
614

Long-term restricted cash
1,502

 
1,196

Total cash, cash equivalents and restricted cash
91,238

 
82,896

Short-term investments
63,637

 
47,918

Long-term investments

 
5,991

 
$
154,875

 
$
136,805

Inventory
Inventory consists of the following:
 
March 31, 2017
 
December 31, 2016
 
(in thousands)
Work-in-process
$
20,992

 
$
13,947

Finished goods
10,693

 
12,636

 
$
31,685

 
$
26,583

Property and Equipment
Property and equipment consist of the following:
 
Useful Life
(in Years)
 
March 31, 2017
 
December 31, 2016
 
 
 
(in thousands)
Furniture and fixtures
5
 
$
1,988

 
$
1,983

Machinery and equipment
3-5
 
27,632

 
27,028

Masks and production equipment
2
 
8,418

 
9,153

Software
3
 
3,701

 
3,625

Leasehold improvements
1-5
 
11,670

 
11,635

Construction in progress
N/A
 
146

 
39

 
 
 
53,555

 
53,463

Less accumulated depreciation and amortization
 
 
(34,393
)
 
(32,914
)
 
 
 
$
19,162

 
$
20,549

Deferred Revenue and Deferred Profit
Deferred revenue and deferred profit consist of the following:
 
March 31, 2017
 
December 31, 2016
 
(in thousands)
Deferred revenue—rebates
$
249

 
$
464

Deferred revenue—distributor transactions
8,348

 
7,987

Deferred cost of net revenue—distributor transactions
(2,913
)
 
(2,460
)
 
$
5,684

 
$
5,991

Price Protection Liability
ccrued price protection liability consists of the following activity:
 
Three Months Ended March 31,
 
2017
 
2016
 
(in thousands)
Beginning balance
$
15,176

 
$
20,026

Charged as a reduction of revenue
11,698

 
10,243

Reversal of unclaimed rebates

 
(1,302
)
Payments
(4,927
)
 
(10,524
)
Ending balance
$
21,947

 
$
18,443

Accrued Expenses
Accrued expenses and other current liabilities consist of the following:
 
March 31, 2017
 
December 31, 2016
 
(in thousands)
Accrued technology license payments
$
3,465

 
$
5,850

Accrued professional fees
4,063

 
1,620

Accrued engineering and production costs
565

 
1,232

Accrued restructuring
57

 
536

Accrued royalty
940

 
846

Accrued leases - other
1,745

 
1,560

Accrued customer credits
1,169

 
1,207

Other
2,980

 
3,507

 
$
14,984

 
$
16,358