Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details (Tables)

v3.19.3
Balance Sheet Details (Tables)
9 Months Ended
Sep. 30, 2019
Balance Sheet Related Disclosures [Abstract]  
Cash, Cash Equivalents and Investments
Cash, cash equivalents and restricted cash consist of the following:
 
September 30, 2019
 
December 31, 2018
 
(in thousands)
Cash and cash equivalents
$
66,115

 
$
73,142

Short-term restricted cash
345

 
645

Long-term restricted cash
64

 
404

Total cash, cash equivalents and restricted cash
$
66,524

 
$
74,191


Inventory
Inventory consists of the following:
 
September 30, 2019
 
December 31, 2018
 
(in thousands)
Work-in-process
$
17,518

 
$
17,618

Finished goods
20,124

 
24,120

 
$
37,642

 
$
41,738


Property and Equipment
Property and equipment, net consists of the following:
 
Useful Life
(in Years)
 
September 30, 2019
 
December 31, 2018
 
 
 
(in thousands)
Furniture and fixtures
5
 
$
2,199

 
$
2,020

Machinery and equipment
 3-5
 
35,600

 
34,225

Masks and production equipment
2-5
 
12,700

 
12,645

Software
3
 
5,701

 
5,675

Leasehold improvements
1-5
 
16,133

 
17,493

Construction in progress
N/A
 
883

 
133

 
 
 
73,216

 
72,191

Less accumulated depreciation and amortization
 
 
(58,012
)
 
(53,787
)
 
 
 
$
15,204

 
$
18,404


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

 
$
21,571

Charged as a reduction of revenue
19,884

 
25,848

Reversal of unclaimed rebates
(719
)
 
(2,412
)
Payments
(21,998
)
 
(30,589
)
Ending balance
$
13,621

 
$
14,418


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

 
$
4,500

Accrued professional fees
748

 
1,270

Accrued engineering and production costs
1,625

 
646

Accrued restructuring
303

 
1,946

Accrued royalty
1,025

 
980

Short-term lease liabilities
7,853

 
1,214

Accrued customer credits
518

 
1,204

Income tax liability
6

 
1,642

Customer contract liabilities
71

 
71

Accrued obligations to customers for price adjustments
6,437

 
7,558

Accrued obligations to customers for stock rotation rights
1,750

 
1,494

Other
2,269

 
995

 
$
27,105

 
$
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)
(167
)
 
(1,273
)
 
(1,440
)
Balance at September 30, 2019
$
(1,074
)
 
$
(94
)
 
$
(1,168
)