Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details (Tables)

v3.19.2
Balance Sheet Details (Tables)
6 Months Ended
Jun. 30, 2019
Balance Sheet Related Disclosures [Abstract]  
Cash, Cash Equivalents and Investments
Cash, cash equivalents and restricted cash consist of the following:
 
June 30, 2019
 
December 31, 2018
 
(in thousands)
Cash and cash equivalents
$
66,629

 
$
73,142

Short-term restricted cash
344

 
645

Long-term restricted cash
65

 
404

Total cash, cash equivalents and restricted cash
$
67,038

 
$
74,191


Inventory
Inventory consists of the following:
 
June 30, 2019
 
December 31, 2018
 
(in thousands)
Work-in-process
$
14,786

 
$
17,618

Finished goods
28,089

 
24,120

 
$
42,875

 
$
41,738


Property and Equipment
Property and equipment, net consists of the following:
 
Useful Life
(in Years)
 
June 30, 2019
 
December 31, 2018
 
 
 
(in thousands)
Furniture and fixtures
5
 
$
2,207

 
$
2,020

Machinery and equipment
 3-5
 
35,123

 
34,225

Masks and production equipment
2-5
 
12,713

 
12,645

Software
3
 
5,658

 
5,675

Leasehold improvements
1-5
 
16,208

 
17,493

Construction in progress
N/A
 
299

 
133

 
 
 
72,208

 
72,191

Less accumulated depreciation and amortization
 
 
(56,470
)
 
(53,787
)
 
 
 
$
15,738

 
$
18,404


Price Protection Liability
Accrued price protection liability consists of the following activity:
 
Six Months Ended June 30,
 
2019
 
2018
 
(in thousands)
Beginning balance
$
16,454

 
$
21,571

Charged as a reduction of revenue
14,880

 
20,136

Reversal of unclaimed rebates
(719
)
 
(2,408
)
Payments
(19,321
)
 
(19,219
)
Ending balance
$
11,294

 
$
20,080


Accrued Expenses
Accrued expenses and other current liabilities consist of the following:
 
June 30, 2019
 
December 31, 2018
 
(in thousands)
Accrued technology license payments
$
4,500

 
$
4,500

Accrued professional fees
757

 
1,270

Accrued engineering and production costs
929

 
646

Accrued restructuring
1,045

 
1,946

Accrued royalty
1,054

 
980

Short-term lease liabilities
8,333

 
1,214

Accrued customer credits
557

 
1,204

Income tax liability
4,132

 
1,642

Customer contract liabilities
71

 
71

Accrued obligations to customers for price adjustments
7,062

 
7,558

Accrued obligations to customers for stock rotation rights
1,440

 
1,494

Other
420

 
995

 
$
30,300

 
$
23,520


Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table summarizes the change in balances of accumulated other comprehensive income (loss) by component:
 
Cumulative Translation Adjustments
 
Interest Rate Hedge
 
Total
 
(in thousands)
Balance at December 31, 2018
$
(907
)
 
$
1,179

 
$
272

Current period other comprehensive income (loss)
433

 
(1,111
)
 
(678
)
Balance at June 30, 2019
$
(474
)
 
$
68

 
$
(406
)