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Balance Sheet Details

12 Months Ended

Dec. 31, 2023

Balance Sheet Related Disclosures [Abstract]

Inventories (1)

Inventories consisted of the following:


	As of December 31,
(In thousands)	2023		2022

Raw materials	$	17,483	$	4,683
Work in process	5,299		8,341
Finished goods	13,372		7,876
Total	$	36,154	$	20,900

(1) As of December 31, 2023 and 2022, the Company had inventory reserve balances of approximately $6.0 million and $1.3 million included in the Consolidated Balance Sheets, respectively.

Property, Plant and Equipment, net

Property, plant and equipment, net is comprised of the following:


	As of December 31,
(In thousands)	2023		2022


Computer software	$	44,226	$	59,500
Computer equipment	36,198		36,865
Leasehold improvements	27,810		32,384
Machinery	30,446		19,587
Furniture and fixtures	12,561		12,664
Construction in progress	5,660		6,949
Property, plant and equipment, gross	156,901		167,949
Less accumulated depreciation and amortization	(89,093)		(81,694)
Property, plant and equipment, net	$	67,808	$	86,255

Depreciation expense for the years ended December 31, 2023, 2022 and 2021 was $37.7 million, $26.0 million and $21.0 million, respectively.

Other Current Liabilities

Other current liabilities are comprised of the following:


	As of December 31,
(In thousands)	2023		2022
EDA tools software licenses liability	$	14,566	$	15,563
Price protection liability	6,563		—
Other current liabilities	5,469		8,429
Total	$	26,598	$	23,992

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is comprised of the following:


	As of December 31,
(In thousands)	2023		2022

Foreign currency translation adjustments	$	(913)	$	(1,195)
Unrealized loss on available-for-sale securities, net of tax	(356)		(3,768)
Total	$	(1,269)	$	(4,963)