Balance Sheet Details (Tables)
|
3 Months Ended |
Mar. 31, 2016 |
|---|
| Balance Sheet Related Disclosures [Abstract] |
|
| Cash, Cash Equivalents and Investments |
Cash and cash equivalents and investments consist of the following:
|
|
|
|
|
|
|
|
|
|
March 31, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Cash and cash equivalents |
$ |
76,840 |
|
|
$ |
67,956 |
|
Short-term investments |
73,210 |
|
|
43,300 |
|
Long-term investments |
16,782 |
|
|
19,242 |
|
|
$ |
166,832 |
|
|
$ |
130,498 |
|
|
| Inventory |
Inventory consists of the following:
|
|
|
|
|
|
|
|
|
|
March 31, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Work-in-process |
$ |
14,866 |
|
|
$ |
15,713 |
|
Finished goods |
14,555 |
|
|
16,730 |
|
|
$ |
29,421 |
|
|
$ |
32,443 |
|
|
| Property and Equipment |
Property and equipment consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
Useful Life
(in Years) |
|
March 31, 2016 |
|
December 31, 2015 |
|
|
|
(in thousands) |
Furniture and fixtures |
5 |
|
$ |
2,494 |
|
|
$ |
2,458 |
|
Machinery and equipment |
3 -5 |
|
23,914 |
|
|
23,679 |
|
Masks and production equipment |
2 |
|
8,084 |
|
|
8,062 |
|
Software |
3 |
|
3,022 |
|
|
3,017 |
|
Leasehold improvements |
4 -5 |
|
11,363 |
|
|
9,573 |
|
Construction in progress |
N/A |
|
377 |
|
|
62 |
|
|
|
|
49,254 |
|
|
46,851 |
|
Less accumulated depreciation and amortization |
|
|
(27,716 |
) |
|
(24,993 |
) |
|
|
|
$ |
21,538 |
|
|
$ |
21,858 |
|
|
| Amortization of Company's Intangible Assets |
The following table presents future amortization of the Company’s intangible assets at March 31, 2016:
|
|
|
|
|
|
Amortization
(in thousands) |
2016 (nine months) |
$ |
5,981 |
|
2017 |
7,931 |
|
2018 |
7,914 |
|
2019 |
7,897 |
|
2020 |
7,270 |
|
Thereafter |
9,100 |
|
Total |
$ |
46,093 |
|
|
| Deferred Revenue and Deferred Profit |
Deferred revenue and deferred profit consist of the following:
|
|
|
|
|
|
|
|
|
|
March 31, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Deferred revenue—rebates |
$ |
122 |
|
|
$ |
118 |
|
Deferred revenue—distributor transactions |
9,162 |
|
|
5,695 |
|
Deferred cost of net revenue—distributor transactions |
(2,761 |
) |
|
(1,747 |
) |
|
$ |
6,523 |
|
|
$ |
4,066 |
|
|
| Price Protection Liability |
Accrued price protection liability consists of the following activity:
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
2016 |
|
2015 |
|
(in thousands) |
Beginning balance |
$ |
20,026 |
|
|
$ |
10,018 |
|
Charged as a reduction of revenue |
10,243 |
|
|
6,009 |
|
Reversal of unclaimed rebates |
(1,302 |
) |
|
(12 |
) |
Payments |
(10,524 |
) |
|
(3,350 |
) |
Ending balance |
$ |
18,443 |
|
|
$ |
12,665 |
|
|
| Accrued Expenses |
Accrued expenses and other current liabilities consist of the following:
|
|
|
|
|
|
|
|
|
|
March 31, 2016 |
|
December 31, 2015 |
|
(in thousands) |
Accrued technology license payments |
$ |
3,000 |
|
|
$ |
3,000 |
|
Accrued professional fees |
786 |
|
|
1,196 |
|
Accrued restructuring |
2,388 |
|
|
1,633 |
|
Accrued litigation costs |
85 |
|
|
534 |
|
Accrued royalty |
2,453 |
|
|
2,042 |
|
Accrued leases - other |
1,306 |
|
|
— |
|
Other |
7,251 |
|
|
6,963 |
|
|
$ |
17,269 |
|
|
$ |
15,368 |
|
|