XML 37 R12.htm IDEA: XBRL DOCUMENT v3.20.4

Balance Sheet Components

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

Balance Sheet Components

Inventory and Other Assets

Inventory consisted of the following (in thousands):

			December 31,
			2020						2019
Raw materials			$	2,469					$	1,574
Finished goods			2,844						2,463
Total			$	5,313					$	4,037

The Company uses Printed Circuit Board Assemblies (“PCBAs”), in each wearable Zio XT and Zio AT monitor as well as the wireless gateway used in conjunction with the Zio AT monitor. The PCBAs are used numerous times and have useful lives beyond one year. Each time a PCBA is used in a wearable Zio XT monitor or Zio AT monitor, a portion of the cost of the PCBA is recorded as a cost of revenue. Each time a wireless gateway is used with a Zio AT monitor, a portion of the gateway is recorded as a cost of revenue. PCBAs which are recorded as other assets were $12.6 million and $7.4 million as of December 31, 2020, and December 31, 2019, respectively. The amortization was $3.0 million and $3.6 million for the years ending December 31, 2020 and 2019 respectively.

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

			December 31,
			2020						2019
Laboratory and manufacturing equipment			$	4,667					$	4,238
Computer equipment and software			2,005						2,315
Furniture and fixtures			3,794						3,669
Leasehold improvements			9,215						7,597
Internal-use software			28,416						16,277
Total property and equipment, gross			48,097						34,096
Less: accumulated depreciation and amortization			(13,850)						(7,632)
Total property and equipment, net			$	34,247					$	26,464

Depreciation and amortization expense for the years ended December 31, 2020 and 2019 was $6.9 million and $3.4 million, respectively.

Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

			December 31,
			2020						2019
Accrued vacation			$	6,007					$	3,809
Accrued payroll and related expenses			19,709						19,156
Accrued ESPP Contributions			851						417
Accrued professional services fees			1,709						2,846
Accrued interest			121						128
Claims payable			4,757						2,802
Other			7,378						3,556
Total accrued liabilities			$	40,532					$	32,714

X

- References

No definition available.

+ Details

Name:	us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-URI http://asc.fasb.org/topic&trid=2122208

+ Details

Name:	us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration