| Balance Sheet Details |
4. Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
June 30,
2013 |
|
December 31,
2012 |
Cash and cash equivalents |
$ |
24,718 |
|
|
$ |
21,810 |
|
Short-term investments |
37,084 |
|
|
50,265 |
|
Long-term investments |
19,453 |
|
|
5,181 |
|
|
$ |
81,255 |
|
|
$ |
77,256 |
|
Inventory consists of the following:
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|
|
|
|
|
|
|
|
June 30,
2013 |
|
December 31,
2012 |
Work-in-process |
$ |
3,336 |
|
|
$ |
3,233 |
|
Finished goods |
6,019 |
|
|
6,658 |
|
|
$ |
9,355 |
|
|
$ |
9,891 |
|
Property and equipment consist of the following:
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|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years)
|
|
June 30,
2013 |
|
December 31,
2012 |
Furniture and fixtures |
5 |
|
$ |
367 |
|
|
$ |
355 |
|
Machinery and equipment |
3 -5 |
|
8,897 |
|
|
8,331 |
|
Masks and production equipment (1)
|
2 |
|
4,755 |
|
|
4,894 |
|
Software |
3 |
|
704 |
|
|
736 |
|
Leasehold improvements |
4 -5 |
|
850 |
|
|
829 |
|
Construction in progress |
N/A |
|
— |
|
|
20 |
|
|
|
|
15,573 |
|
|
15,165 |
|
Less accumulated depreciation and amortization |
|
|
(9,424 |
) |
|
(8,299 |
) |
|
|
|
$ |
6,149 |
|
|
$ |
6,866 |
|
(1) In the three months ended June 30, 2013, the Company recorded an impairment charge of $1.1 million, reflected in cost of net revenue, related to the remaining net book value of production masks that were previously capitalized, but for which future use is no longer expected.
Intangible assets consist of the following:
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|
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Weighted
Average
Amortization
Period
(in Years)
|
|
June 30,
2013 |
|
December 31,
2012 |
Licensed technology |
3 |
|
$ |
2,821 |
|
|
$ |
1,865 |
|
Less accumulated amortization |
|
|
(1,863 |
) |
|
(1,590 |
) |
|
|
|
$ |
958 |
|
|
$ |
275 |
|
The following table presents future amortization of the Company’s intangible assets at June 30, 2013:
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|
|
|
|
Amortization |
2013 |
$ |
208 |
|
2014 |
319 |
|
2015 |
319 |
|
2016 |
112 |
|
Total |
$ |
958 |
|
Deferred revenue and deferred profit consist of the following:
|
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|
|
|
|
|
|
|
|
June 30,
2013 |
|
December 31,
2012 |
Deferred revenue—rebates |
$ |
44 |
|
|
$ |
23 |
|
Deferred revenue—distributor transactions |
3,986 |
|
|
3,735 |
|
Deferred cost of net revenue—distributor transactions |
(1,434 |
) |
|
(1,469 |
) |
|
$ |
2,596 |
|
|
$ |
2,289 |
|
Accrued price protection liability consists of the following activity:
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Six Months Ended
June 30, |
|
2013 |
|
2012 |
Beginning balance |
$ |
7,880 |
|
|
$ |
2,840 |
|
Charged as a reduction of revenue |
9,922 |
|
|
5,692 |
|
Payments |
(7,125 |
) |
|
(1,830 |
) |
Ending Balance |
$ |
10,677 |
|
|
$ |
6,702 |
|
Accrued expenses and other current liabilities consist of the following:
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|
|
|
|
|
|
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|
June 30,
2013 |
|
December 31,
2012 |
Accrued technology license payments |
$ |
3,000 |
|
|
$ |
2,996 |
|
Accrued professional fees |
453 |
|
|
386 |
|
Accrued litigation costs |
379 |
|
|
586 |
|
Other |
1,025 |
|
|
1,055 |
|
|
$ |
4,857 |
|
|
$ |
5,023 |
|
|