Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Details

v3.5.0.2
Balance Sheet Details
6 Months Ended
Jun. 30, 2016
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details
Balance Sheet Details
Cash and cash equivalents and investments consist of the following:
 
June 30, 2016
 
December 31, 2015
 
(in thousands)
Cash and cash equivalents
$
147,582

 
$
67,956

Short-term investments
28,899

 
43,300

Long-term investments

 
19,242

 
$
176,481

 
$
130,498


Inventory consists of the following:
 
June 30, 2016
 
December 31, 2015
 
(in thousands)
Work-in-process
$
14,276

 
$
15,713

Finished goods
11,281

 
16,730

In-transit
47

 

 
$
25,604

 
$
32,443


Property and equipment consist of the following:
 
Useful Life
(in Years)
 
June 30, 2016
 
December 31, 2015
 
 
 
(in thousands)
Furniture and fixtures
5
 
$
2,612

 
$
2,458

Machinery and equipment
3 -5
 
25,047

 
23,679

Masks and production equipment
2
 
8,154

 
8,062

Software
3
 
3,036

 
3,017

Leasehold improvements
4 -5
 
11,268

 
9,573

Construction in progress
N/A
 
700

 
62

 
 
 
50,817

 
46,851

Less accumulated depreciation and amortization
 
 
(29,683
)
 
(24,993
)
 
 
 
$
21,134

 
$
21,858


Deferred revenue and deferred profit consist of the following:
 
June 30, 2016
 
December 31, 2015
 
(in thousands)
Deferred revenue—rebates
$
224

 
$
118

Deferred revenue—distributor transactions
8,523

 
5,695

Deferred cost of net revenue—distributor transactions
(2,949
)
 
(1,747
)
 
$
5,798

 
$
4,066


Accrued price protection liability consists of the following activity:
 
Six Months Ended June 30,
 
2016
 
2015
 
(in thousands)
Beginning balance
$
20,026

 
$
10,018

Additional liability from acquisition

 
3,486

Charged as a reduction of revenue
22,759

 
14,781

Reversal of unclaimed rebates
(1,302
)
 
(63
)
Payments
(23,213
)
 
(12,443
)
Ending balance
$
18,270

 
$
15,779


Accrued expenses and other current liabilities consist of the following:
 
June 30, 2016
 
December 31, 2015
 
(in thousands)
Accrued technology license payments
$
3,000

 
$
3,000

Accrued professional fees
1,372

 
1,196

Accrued restructuring
1,427

 
1,633

Accrued litigation costs

 
534

Accrued royalty
1,170

 
2,042

Accrued leases - other
1,243

 

Other
4,913

 
6,963

 
$
13,125

 
$
15,368